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Author Topic: It seems that more people taking crypto trading as full time job  (Read 1024 times)
Findingnemo
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March 08, 2022, 07:16:29 AM
 #21

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.

Are you full time trader ?
Future, options even leverage trading is like a gamble so don't choose it if you don't want to go bankrupt, go for the spot trading even if you are going to try day trading the traditional way of spot trading will give you an jdea about how it works and make you to realise that you can't simply make money just like any other job.

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March 08, 2022, 07:27:59 AM
 #22

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.

Are you full time trader ?
Well, am not a full time trader but am currently looking or planning towards becoming one, I understand when more people begin to take crypto trading as their full time job, and most especially, in my country here, things are really hard, no jobs anywhere, many businesses are struggling to keep afloat, some are even laying off workers in other to bring monthly expenses down, and the worst part is that, as the country's economy is going down, everything is becoming increasingly expensive, so in a situation like this, one have to look for other ways to earn money and not just depend on business profits to survive, so personally, I looking into going into crypto trading full time, am just waiting to gather enough capital and enough knowledge too, (though knowledge is never enough.)

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March 08, 2022, 08:09:31 AM
 #23

2. Avoid trading signals. Most are either scam or pump and dump schemes
Unfortunately, most newbies don't want to hear that. They want it on the quick side, forgetting that even those who provide signals aren't 100% certain of what they predict will happen. They shouldn't think that seeking signals is a shortcut to becoming successful at trading. They ought to know that it's better to learn the technicals of trading and get accustomed to the basics than rely on another person to present it to them.

Trading should be treated as a profession that deserves learning and not as a Get Rich Quick Scheme.

In order to become a successful crypto trader, you need to have knowledge and skills, constantly research and search for all events that can affect the market, read until the eyes and head hurt from all the news, numbers, and charts! Then the ability to analyze it all and come to a conclusion... Following trading signals seems a lot easier for newbies and they turn to that, but there's no profit without some hard work, at least in the beginning!

I'm not a full-time trader, I don't see myself in that! It's not easy as some people think it is! I like to trade mid and long-term, it doesn't take a lot of time and effort, I would say the most important things are strong hands and patience, top coins make big swings and it's not so hard to make a profit if you wait long enough for buying/selling them!

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March 08, 2022, 08:50:39 AM
 #24

I see trading mainly as a fruitful activity to do, and it serves as a side income for me and not a full time job. And I am not even looking forward to it being a full time job replacement for me. Yes, I can make good income from it, which I already do, despite the risks that are involved, but it’s still a side choice because there are other major things that I do.

For people who make it a full-time job, it’s not a bad choice, I think it’s a really cool choice to make, as long as you can deal with the risks that cons with it and not easily give up. And moreover I don’t think that anyone who has chosen as a full time job is someone who doesn’t have experience; they must have studied it for a long time and also have good experience and skills to go with it, and enough capital.
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March 08, 2022, 10:46:18 AM
 #25

Are you full time trader ?
Yes, of course I do crypto trading for a certain period of time, but for now, I have not traded for types like Bitcoin, etc.

I trade on crypto ETFs, such as: BTCDOWN, ADADOWN, BULL and many others, in my opinion, with the current crypto market conditions, so the ETF option is a good signal step I do in trading, for now.

As long as I trade in Crypto ETF types, I have a good profile, because crypto ETFs are counterintuitive, maybe I will wait for my new normal Bitcoin to continue as usual.

R


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March 08, 2022, 10:59:53 AM
 #26

Future, options even leverage trading is like a gamble so don't choose it if you don't want to go bankrupt, go for the spot trading even if you are going to try day trading the traditional way of spot trading will give you an jdea about how it works and make you to realise that you can't simply make money just like any other job.
Anyone that is choosing to be a full-time trader has to be full knowledgeable on this. If you’re not, no matter what you decide to choose, you’re always going to keep on losing your money and no matter how hard you try.

And that’s when it becomes a pure gamble, because you have no clue about what you’re doing, you can’t even analyse the market and you’re just picking your options and not having any reasonable idea on what might possibly be the outcome of the option you have clicked and you’re just sitting there counting on luck to shine on you. That is not how trading works, you need to learn at least before you can make it full-time.

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March 08, 2022, 11:19:07 AM
 #27


Anyone that is choosing to be a full-time trader has to be full knowledgeable on this. If you’re not, no matter what you decide to choose, you’re always going to keep on losing your money and no matter how hard you try.


Despite the way someone trade, whether full time or not they must be fully knowledgeable about what trading is and how they can make profit from it. If you don't have the proper knowledge, you will end up still in losses no matter that you become full time trader or not. In trading, knowledge of it is very important like to know the terms, leverage and the rest and to apply them proportionally.

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March 08, 2022, 11:22:42 AM
 #28

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.

Are you full time trader ?
well yes through trading you can make income but its not that so easy like what you think guys especially futures trading as it more risky than spot trading because of liquidation..

And i don't agree when it comes joining trading signals if you don't have knowledge about trading because it still the same, i mean the risk since you don't have any idea if their signals is accurate and the people behind has a good winrate.

For me much better to get a trading course from popular traders that has proof of good history, because on that way you can obtain specific information how trading really works and you can assure as well after all the efforts you can make good results afterwards in trading. Unlike signals that literally a gambling!
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March 08, 2022, 12:43:04 PM
 #29

I am not a full-time trader, but I may trade depending on market movements. If the market is going down, I buy and hold it for a while until the price goes up, then I sell, and I do that continuously. If the price isn't going up in a few days, I'd still hold the coin, and maybe I'll switch to another fast-moving coin. But if the market conditions are not suitable for buying or trading, I tend to watch the movement while analyzing. I'm not trying to use signals from other groups or people to trade, but I will analyze them further to see if I can buy or sell.

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March 08, 2022, 01:04:49 PM
 #30

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.
It is common practice among people to get into to freelancing kind of work when there are are less job opportunities in their countries; after pandemic situations, worldwide job loss rate is keep on increasing which must be the one of the reason why people are switching into crypto trading either for part time or full time. As long as they are able to find a living out of crypto trading, I am not finding anything wrong with this kind of trend.

But the common opinion about crypto trading is like "too volatile to predict about the direction of market". People may find hart time in their beginning times with crypto trading but when they are able to sustain along with their hard work then I appreciate everyone's effort for getting into crypto trading.

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March 08, 2022, 01:30:28 PM
 #31

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
The biggest sector that boomed was healthcare and keeping telemedicine aside, this is one job that cannot be done online and considering the pandemic going on, carried a huge risk to workers too. IT is not everything in the world. There are daily wage workers too.

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And crypto is one of them options
Nope. Crypto is a speculative market and a currency in the first place. It carries its risks and it is not a steady income.

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Future trading is one of the most popular ways to make full time income.
Popular does not equate to Profitable. Most of the futures and options traders enter into these markets with half knowledge and low experience. Exchanges will profit because the user is giving them their money, but most people will lose money.

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Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.
Signal groups are not to be trusted, learn how to read charts and place orders. Anything other than spot trading is a gamble and not a daily income.

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Are you full time trader ?
I trade at long ranges. Buy low and sell high, but I dont check prices every few minutes, maybe a couple of times per day. Does that count?

R


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March 08, 2022, 02:22:55 PM
 #32

Future trading is one of the most popular ways to make full time income.

If you have a lot of experience being a full time trader could be very profitable but based from what you have said that people are shifting from physical job to online job then I am not sure if futures trading is one of the option since it is a very risky and should not be considered as an alternative to real job.

Why does many people think that trading is job, for me a job is where you are going to earn a stable profit. In trading you have the risk to lose it so why does you call it a job?

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March 08, 2022, 03:47:41 PM
 #33

Future, options even leverage trading is like a gamble so don't choose it if you don't want to go bankrupt, go for the spot trading even if you are going to try day trading the traditional way of spot trading will give you an jdea about how it works and make you to realise that you can't simply make money just like any other job.
Anyone that is choosing to be a full-time trader has to be full knowledgeable on this. If you’re not, no matter what you decide to choose, you’re always going to keep on losing your money and no matter how hard you try.

And that’s when it becomes a pure gamble, because you have no clue about what you’re doing, you can’t even analyse the market and you’re just picking your options and not having any reasonable idea on what might possibly be the outcome of the option you have clicked and you’re just sitting there counting on luck to shine on you. That is not how trading works, you need to learn at least before you can make it full-time.
Buy and sell that is the concept of trading so anyone who understands this can become a full time trader but making consistent profits will decide whether they will retain or give up, eventually most will be on the losing side because they are pretty greedy so their emotions comes into play while making decisions and other set of people never thought about the negative circumstances.

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March 08, 2022, 04:36:01 PM
 #34

It is common practice among people to get into to freelancing kind of work when there are are less job opportunities in their countries; after pandemic situations, worldwide job loss rate is keep on increasing which must be the one of the reason why people are switching into crypto trading either for part time or full time. As long as they are able to find a living out of crypto trading, I am not finding anything wrong with this kind of trend.

But the common opinion about crypto trading is like "too volatile to predict about the direction of market". People may find hart time in their beginning times with crypto trading but when they are able to sustain along with their hard work then I appreciate everyone's effort for getting into crypto trading.
I would guess that the ones who are against full-time trading as a profession if you are not a professional, are the people who are afraid of the possibilities. I mean if you are good at it and you do it, then you do it on regular basis and not because you have to, not because you realized you could, but because that becomes your profession and you are that good.

So, when you are out of work, or when you are freelancing, or when you are remote working, whatever the reason is, if you got into crypto trading and made it your full-time because you needed money, there could be a downside of losing the much needed money as well.

I always need money, I am not a rich person and usually barely survive, and if I risk my money and trade, if I end up losing then it would be a horrible month for me, could take months to recover where I was. That is why I prefer long term investing from the money I end up saving each month.

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March 11, 2022, 12:59:43 AM
 #35

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.

Are you full time trader ?
Signals or indicators can't predict how the future of an asset is going to be, its just for an assumption and it may work if you did analyse and the market reacts accordingly. Cryptocurrency trading can be a full time job but its definitely not going to help someone who have $100 or something like that and can make a life out if it is far from possible, even the probability is less than making money from gambling.









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March 11, 2022, 01:16:55 AM
 #36

Its not surprising if many people are trying to be a trader either for full time or as their side job because nowadays a regular job is not enough to sustain their needs especially if you're a minimum wage earner. But trading is not easy and many traders also failed to succeed in this path. Thats why it requires knowledge and strategy to maximize the chances to be a gainer.

Im not a full time trader but I dont think its a good idea to rely on signals. Its best to have your own anaysis to better understand the flow of the market.

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March 11, 2022, 01:50:26 AM
 #37

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.

Are you full time trader ?
Signals or indicators can't predict how the future of an asset is going to be, its just for an assumption and it may work if you did analyse and the market reacts accordingly. Cryptocurrency trading can be a full time job but its definitely not going to help someone who have $100 or something like that and can make a life out if it is far from possible, even the probability is less than making money from gambling.

With the prices that can go up and down in a matter of hours from $43K down to $40K, trading in futures would really be more difficult for those who do it on futures. I think those guys who do it on futures will rather be trading on the weekly chart.

Trading as a full-time job will require a lot of money so if this is the case more rich people are getting into crypto.  I'm not sure if there is a research record of it but I think the meme coins had really invited people into crypto.


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March 11, 2022, 02:00:40 AM
 #38

Oh god, here we go again

Low paying job forces people to look for other source of income, and trading crypto can be a good source as well but it requires a lot of work and this is not an easy money.

How would somebody with a low-paying job have enough money to invest and trade and get some 1% on that amount profit that would be enough to compensate?

During these days, it's really difficult to live if you have just one source of income especially if that one source of income is not that high producing income, especially with the high inflation in different countries started, it is really must to add multiple sources of income.

Another one, if you have just one source of income where is the money for investment and trading coming from?

Its not surprising if many people are trying to be a trader either for full time or as their side job because nowadays a regular job is not enough to sustain their needs especially if you're a minimum wage earner.

Great, another minimum wage earner that will go into trading with the 10$ he has put aside that ends up 5$ after fees.
Seriously, is there anyone working on a minimum wage job here, making a living from paycheck to paycheck that could tell us how magically you could find the money and the luck to raise enough monthly profits to make a difference?

But let's stop looking at obvious facts and more at things nobody mentioned
If you're living on a minimum wage, usually this means you have a crappy job that requires 8 hours of constant physical work, sometimes in a warehouse and factories with no piss breaks not even mentioning tapping your smartphone, so how do you plan on doing daily trading?  In the 3-4 hours you got for yourself after that? You might buy something and then when your shift is over you realize you're pennyless. And buying some bitcoin and making a plan of selling them when the price hits a level you have set up in your app is not trading.


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March 11, 2022, 05:41:25 AM
 #39

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.
Not all countries are poor and pays poor to their workers. The rates are also going to depend based on your profession but what is good about crypto trading is that all are welcome here, whether you are from a poor country and if you are not blessed enough to finish higher studies but as long as you know how to read and understand things, you can possibly learn and be good at it.

One more thing, the covid pandemic situation last time is what makes people lose their real life job so they find ways to continue and trading can be one of their alternatives right now. Future trading is a bit new to some so they start on the basic form/way to trade. By the way, I'm not a full trader myself, just an investor.
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March 11, 2022, 07:39:15 AM
 #40

Its not surprising if many people are trying to be a trader either for full time or as their side job because nowadays a regular job is not enough to sustain their needs especially if you're a minimum wage earner. But trading is not easy and many traders also failed to succeed in this path. Thats why it requires knowledge and strategy to maximize the chances to be a gainer.

Im not a full time trader but I dont think its a good idea to rely on signals. Its best to have your own anaysis to better understand the flow of the market.

Well, to be honest, the amount that can be earned here in crypto by doing trading is really attractive and that's not surprising if many people are trying and developing their skills in trading. I know some of the crypto traders that doing it full time and some are doing for part-time but then for me it's the same thing as long as you are earning but of course, as long as you know the risks of doing this. Also, the knowledge shouldn't be missed out because it will be your driving force to success.
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