Percentage of money advices to trade with

[Cryptmuster]

I don't think that in the case of trading it is worth using the concept of a percentage of income, in my opinion a slightly different approach applies here. If we are talking about a beginner, then it is clear that his budget should be minimal, because he will be learning, but if you are already an experienced trader who can earn money on trading, then you can certainly determine what average profit you can get from trading (per month or quarter) as is convenient for you. And you can calculate this profit from every thousand dollars that you use in trading. For me, it was convenient to have several thousand dollars on a trading account to have some additional income, but I do not always have enough time for trading, and now I almost completely switch to long-term trading.

[Mahanton]

I have noticed that people are advised  to gamble with 2% of their income while some said the advised amount to be used for gambling should not be more than 1% of their income.

Trading is not gambling but it is very risky also because most traders are also losing. But with small right strategies and patience, losses can be minimized while profit can be achieved. People think the right strategies starts with the percentage of money used for trading from their income

What percentage of someone's income do you think is advised to be used for trading?

Pay up all the bills first and allocate always those savings and emergency funds or simply into the obligations on which you do need up to to fulfill on every month. On the time that you've seen after the partitioning of your monthly income, then this is the time that you do make yourself that consider on allocating some funds on whatever the venture that you are that dealing into, whether you are planning to have some investment or making up some business then it will be that up to you. It will be just that depending on how you do gonna handle up your finances because each one of us does have that different situation when it comes to earning income on which there are those who do make bigger income and there are those who are sitting on average on which means that even having some extra funds to make use in other means will be that hard or challenges and thats why they do came up with the idea that they will be taking up some loan. Trade into the amount on which you can afford to lose or on something that you wont be chasing into at the moment that you have lost such fund. The usual mistake of people is that whenever they do experience up such loses is that they do become that impulsive on which instead of doing trading they do rather that make it as like when they do gambling on which we know that this is that a very that a bad thing to be done. You are the ones who do make out such actions and on suffer the after effects basing up into the decisions you had made out earlier. So it will be that up to you on how you do make out such adjustments.

[Mpamaegbu]

What percentage of someone's income do you think is advised to be used for trading?

By income you meant earning, as in salary? Otherwise, if I got it the other way it would mean you're referring to funding? If that's the case, it's capital. Anyway, funding one's trading platform would solely depend on what one has as capital to be sacrificed. Trading is ether win or loss. This is where MM (Money Management) comes in. A funded $1,000 account without basic trading skill is the same with a $100 or $10,000 funded account without trading skills. It's just a matter of time before all will be burnt and the account gone.

For someone whose 2% earning is something less than $10, what can that do for the person? We should be looking at capital funding for trading and not earning. It's in gambling we do earning, and not funding. I want to believe you got my drift on that.

[Oshosondy]

What percentage of someone's income do you think is advised to be used for trading?

By income you meant earning, as in salary? Otherwise, if I got it the other way it would mean you're referring to funding? If that's the case, it's capital. Anyway, funding one's trading platform would solely depend on what one has as capital to be sacrificed. Trading is ether win or loss. This is where MM (Money Management) comes in. A funded $1,000 account without basic trading skill is the same with a $100 or $10,000 funded account without trading skills. It's just a matter of time before all will be burnt and the account gone.

I am referring to salary or wages a trader received weekly which is very important in calculating the amount that the trader will put on trading. I prefer 1% of my income on trading now.

For someone whose 2% earning is something less than $10, what can that do for the person? We should be looking at capital funding for trading and not earning. It's in gambling we do earning, and not funding. I want to believe you got my drift on that.

A trader should be patience because patience is very important. Someone that his 2% from his salary is $10 can save it up to $100 in just 10 weeks. He can save it and not trade until he reached his trading minimum amount.

[doomloop]

I have noticed that people are advised  to gamble with 2% of their income while some said the advised amount to be used for gambling should not be more than 1% of their income.

Trading is not gambling but it is very risky also because most traders are also losing. But with small right strategies and patience, losses can be minimized while profit can be achieved. People think the right strategies starts with the percentage of money used for trading from their income

What percentage of someone's income do you think is advised to be used for trading?

It depends on multiple factors such as how much a person earns, how much they spend on monthly expenditures, and how much they can save from their total income. A person can only use a portion of the savings for extra activities, such as trading, if they are doing it as a part-time thing and aren't planning to go full-time on it. This is also better because, as they say, for gambling, one should only use funds that they can afford to lose; in trading, one should only use funds that they can either afford to lose (if trading futures) or get locked (spot trading) because the market is uncertain and volatile.

If someone has about $200 in savings after all the expenditures and bills and stuff, they can use $50 from that amount for trading, or maybe make investments with it, DCA into Bitcoin, but more than that isn't good because you also need to have some back up, and savings can be a great source of back up for you in emergency situations.