Is trading really worth it?

[BlackHatCoiner]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

[1714701890]

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[1714701890]

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[bounty786]

As someone who's been trading for a while now, I can tell you that it definitely is worth it! I've seen firsthand how much money can be made through trading, and it's really opened up a lot of opportunities for me.

I know that some people view trading as a risky endeavor, but I believe that as long as you're smart about it and don't let emotions get in the way, it can be a very lucrative way to make money.

[hugeblack]

Trading is an ideal tool for maximizing wealth, as you have a fixed income that covers your expenses, and then a surplus of money to invest, and the role of trading comes to maximize those investments.

Crypto trading in short is a balance between cash and crypto and trying to determine the appropriate entry and exit points to maximize profits. In short, it is a race that needs time to be an unknown variable, something that does not happen when it is used to pay bills and provide food that needs fixed expenses.

So Answer is Yes & No depend on time

[sklopan]

It is also worth considering the negative side - this can lead to losses. I think this is really important to understand.

[GreatArkansas]

I have a friend who already resigned from his full-time job for years and he is just doing trading.
For me, trading is not for everyone. But if you will learn and become dedicated to trading, you will become profitable and your time and effort will be worth it.
Just be ready because if you start trading for a living, you expect to risk some amount of funds compared to just working which you are just rendering your time and get your wages.

[inthelongrun]

I am also curious. I tried it many times but it always won't last long. Or maybe trading is not for me or maybe I need to learn more strategies. I've known a lot of people that were into trading but they too ended up stopping or at the very least stopped depending from it as its main source of revenue. I can say many of them were good traders at that time because they made a lot of money from it. But why they stopped? Obviously they lost later on, just like me. Few years ago, someone taught me a new strategy in forex. He was sharing his positions and trades where he earned thousands of dollars. But just last year, I was informed that he was struggling financially with many unpaid debts and his business nearing bankruptcy.   

The only people I knew that until now are still trading are the kind of long term traders. They're holding their positions for weeks and months. And they are mostly in the stock market where volatility is not that high. And they have their own jobs and businesses as their main source of income.

I usually do not trust paid coaches and mentors. People that called themselves traders but are busy conducting their own paid seminars. They are gurus that read too many books and known too many strategies. I reckon these strategies and learnings won't work all the time.   

 

[tadamichi]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

It highly depends on how much capital he has. What we saw in the last years is an abnormality, the usual return of the stock market would be like 7-8% yearly. And the most elite of the elite traders could maybe double this return, but not forever. It’s common knowledge that it is really hard to even outperform the market and it takes many years to even build a good portfolio that you can live from.

If he has 100.000 invested(which most can’t afford fast), an average return of 7.000€ yearly wouldn’t be that high and not worth the risk(as only income), he can survive with this, but it’s much more efficient to build a career out of actual work and invest at the same time. This maybe changes with 1-2 million invested, then it would be like 70k a year. Bitcoiners are used to much higher gains, but these kind of returns are insanity in traditional investments, we should really appreciate it more.

So my advice is, he shouldn’t risk everything for trading. If he wanna make trading a living he should maybe try to look for jobs in this field. Technical analysis is not that effective, people put way too much emphasis on it, and forget the basics of investment. Its easy to loose focus there. His best bet is to work and invest at the same time. Just living from investments is a privilege big capital holders have and then there’s so many factors outside of technical analysis that he isnt prepared for, that could make him loose everything. The best traders have insider knowledge/ technology that he will never access to outside these circles, this is really a battle against sharks.

Theres a huge hype on social media by coaches and all the other bs, that make it way too complicated and make more money from selling dreams/ talking and not actual trading. The reality is boring, a good/ fun job and consistently investing in something undervalued like Bitcoin by simply dcaing, will probably outperform any trading a regular person can do, and be much less stressful at the same time.

If he wants to trade he can do it while having a stable income and prove that he can live from it, there’s no need to give up everything for trading before reaching this level. If he isnt better than billion dollar companies with many employees yet, he will also not outperform the market.

[palle11]

It is worth it if you can give your time to it. It is worth it if you can take the risk. It is worth it if you can bear the bad feeling of a losing trade. Trading is a difficult endeavour because it involves your money directly and you can lose it easily at different times. So you can choose what you want, not many people have survived with trading.

I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

It is very important to trading to learn technical details of it otherwise it will become a lucky game, that is gambling.

[tadamichi]

It is worth it if you can give your time to it. It is worth it if you can take the risk. It is worth it if you can bear the bad feeling of a losing trade. Trading is a difficult endeavour because it involves your money directly and you can lose it easily at different times. So you can choose what you want, not many people have survived with trading.

Its about capital, risk management, decision making and having access to information. If you’re not exceptionally well in all of these, just spending time on it wont change anything. That’s why big money is handled by big institutions. There’s some people that can succeed regardless, but it’s never necessary to solely depend on trading before actually succeeding.

I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

It is very important to trading to learn technical details of it otherwise it will become a lucky game, that is gambling.

Math can’t predict human irrationally and politics, technical analysis wont change anything about that.

[serjent05]

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that?

There are several articles and explanations regarding trading.  It isn't as simple as buy low and sell high stuff.  There are lots of parameters to be explored, methods, and calculations to be learned when one is to venture into trading.  Trading isn't a 1 day learning period, it takes years to master.  If your brother wanted to make a living out of trading, then he shouldn't quit his job and just do some sideline trading first, just to test the waters if he is really into trading.  

I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

Unlike gambling, trading can take advantage of price fluctuation.  there are certain methods in Technical Analysis where they can able to calculate and predict several entry points and selling points of the trade. But one thing, trading is not for everyone.

[ChrisPop]

Trading is a very unconventional profession indeed, especially retail trading.

I'll say this: it requires a lot of hard-work and dedication and at the end you still won't know for sure you are made for this. One could waste years from his life trying different strategies, markets, timeframes, etc. and still not become a successful (constantly profitable) trader. But with talent and a lot of determination you can become proficient at it and basically print money out of the markets. That is the dream of many, but to get there, oh boy... buckle up for some extreme up and downs. Few survive...

[okorieemmanuel]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

Hello BlackHatCoiner],
 Yes! Trading is worth it. There is a big difference between trading and gambling. When you trade with a strategy, the probability of success increase. Since the probability of success is not equal to 1 in trading, some people regard it as gambling. However, if you monitor the market, do your analysis with expert advisory coupled with good technical indicators/ oscillators, you will discover that trading is not gambling. Since it is not gambling, then getting the right tools to trade and making research, learning and adapting to trends and volatility of the market is worth learning. For beginners, it is advisable to learn with just one currency pair. Then when you get use to it, you could shift to others. Trading is worth learning.

[Cryptmuster]

Trading is a very unconventional profession indeed, especially retail trading.

I'll say this: it requires a lot of hard-work and dedication and at the end you still won't know for sure you are made for this. One could waste years from his life trying different strategies, markets, timeframes, etc. and still not become a successful (constantly profitable) trader. But with talent and a lot of determination you can become proficient at it and basically print money out of the markets. That is the dream of many, but to get there, oh boy... buckle up for some extreme up and downs. Few survive...

If we are talking about constant stable earnings from trading, then it is incredibly difficult. When I try to trade on a regular basis, most of the time I get losses. For me, this works with a wait strategy, I wait in stablecoins most of the time and only buy on straits. In this case, very often I make a profit, it seems clear to me, so it works for me. But trading is hard, I wouldn't be able to do it all the time.

[Fivestar4everMVP]

I was once a devoted day trader, though I didn't take it as a profession, but it was my major source of income back then, and I can honestly tell you that it is profitable, but that is if you really know what you are doing, Trading (depending on the type) can be very risky but also very profitable, trading spot is less risky but the profit is always small, as well as the loss when your analysis fails, trading the futures market is very profitable but also very risky as any wrong move will have you loosing all your money, most especially if you don't use stop loss.

In order not to bore you with long talk, i will conclude by saying that trading is profitable, and can be taken up as a profession, but you have to be really really sure that this is what you want and that you know what you are doing.

[Hamphser]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

Really worth it but this isnt something a state which everybody could able to have a good grasps.There are people who are indeed making trading as a living.Yes, it is risky and do really look like gambling but this one

involves analysis and in depth skills and knowledge which could really lessen out the risk but well its not really a guarantee.Losses is inevitable but the main thing you should think about is on how to sustain yourself.
Also, dont anticipate that you could able to make yourself reach that state fast because being a profitable trader does really takes time and lots of effort. Buy low and Sell high might be the basic principle or hearing too be that too basic but executing it on the actual situation is really the hardest part due to market condition which is really very unpredictable and this is where analysis do comes in.

[abel1337]

Trading is profitable and it is basically worth it. I see your brother is serious about trading because he consider it to be his job and he's willing to put his time doing trading. I don't see anything wrong with the decision of your brother since knows the risk, and he's pretty devoted in trading. All I can advise is to see his trading portfolio if how many he has earning on trading these past few months and if it worth the time and effort. But I highly suggest to have a stable job and consider trading as a side hustle since there's a great risk on trading and it's hard to depend on trading when it comes to income flow.

I've been a trader for a couple of years now and I'm going-in and out in trading depending on market situation, Profits were really inconsistent but the profit should be enough for a living. Of course this will depends on the trading skills of your brother.

[Lanatsa]

Definitely worth it i could say basing up with real experience although im not really going to be in full time but i do make it out as a side job or investment on which i do able to make other source of income which do really

adds up more into my current job which is a great or big help if we do talk about everyday living expenses but this isnt something simple that everybody could able to handle on and just like what others been saying above that it do really takes time and effort before you could handle yourself into the market.Traders doesnt really mean that you should go in need to full time which there are traders who do just wait for price to reach up before they do make out such action which means that it doesnt involved active interaction which means that you could still do other things even if you are trading on something.

[palle11]

It is very important to trading to learn technical details of it otherwise it will become a lucky game, that is gambling.

Math can’t predict human irrationally and politics, technical analysis wont change anything about that.

How do you think that trade is analysed, charted and mapped out? Or how do you think forcast or speculation is made? Most are from technical analysis. Technical analysis is what holds the trend more. After news or fundamental (such news in adoption) then the trend forms and continues that way through technical analysis you can know that. Or after news the trend can continue if it is not of high impact.

[stompix]

Math can’t predict human irrationally and politics, technical analysis wont change anything about that.

How do you think that trade is analysed, charted and mapped out? Or how do you think forcast or speculation is made? Most are from technical analysis. Technical analysis is what holds the trend more. After news or fundamental (such news in adoption) then the trend forms and continues that way through technical analysis you can know that. Or after news the trend can continue if it is not of high impact.

And how accurate have TA and charts predicted the situation we're now in?
Have charts and TA predicted the dump when Elon had nothing better to do than tweet pro and against bitoin?
Have charts predicted the slump when Covid hit? Have charts predicted the dump when Russia invaded Ukraine?

Every single time I look at all those "experts" claiming to know where the price is heading I look at their history and see how they were wrong tens of times, with the same logic they use in creating charts after charts after charts.

Guessing the price when it comes to crypto is just gambling, but nobody wants to admit they are just doing guesswork based on nothing.
There is no production capacity, there is no number of rigs, there is no cost for shipping, there is no accurate daily consumption and inventories, and all the data you have when trading oil for example, in cryptos you have nothing! Nothing!

[BlackHatCoiner]

And how accurate have TA and charts predicted the situation we're now in?

Just an addition: My brother checks no crypto-charts. He prefers Forex and gold. Does the same logic apply there too? I honestly don't know what to say or whom to address to.

[goaldigger]

It’s worth it but don’t expect too much if you are still not knowledgeable enough to trade on your own. The risk is high and that’s why its rewarding, because the higher the risk the higher the reward and of course it will always depend on how you execute your strategy. Trading is risky, don’t take it for granted because if you do, you can’t expect yourself to earn some profit. Continue to learn, trading is a never ending analysis the market will continue to move and we should adopt on every trend.

[tadamichi]

How do you think that trade is analysed, charted and mapped out?

Im aware people use technical analysis for that, but if you held amazon or apple for 20 years for example, it doesnt matter how much ta you did, because you cant beat this. Time in the market beats trying to time the market, almost always. When the macro/ market situation changes ta wont help you much and you might be slow to realize that a change of strategies is necessary, or that old patterns dont apply anymore. Also im questioning the general effectiveness of ta, especially if it means not looking at other factors anymore.

And how accurate have TA and charts predicted the situation we're now in?

Just an addition: My brother checks no crypto-charts. He prefers Forex and gold. Does the same logic apply there too? I honestly don't know what to say or whom to address to.

What kind of trades is he doing exactly?

[TimeTeller]

It’s worth it but don’t expect too much if you are still not knowledgeable enough to trade on your own. The risk is high and that’s why its rewarding, because the higher the risk the higher the reward and of course it will always depend on how you execute your strategy. Trading is risky, don’t take it for granted because if you do, you can’t expect yourself to earn some profit. Continue to learn, trading is a never ending analysis the market will continue to move and we should adopt on every trend.

Trading requires a lot of your patience and strategies.
Each coin or project will need a different strategy as they have different progress of developments.
So it doesn't mean that you just jump onboard whenever there is hype or fud.
Without making any logical study on the coin, you will lose without a fight.
It is true that everyday you spend on your trading journey, you will acquire new skills or tips or techniques.

[samcrypto]

It takes a lot of sacrifices if you are planning to fully commit in trading and do this for a living, I can say many succeed on this but still many are suffering from a big loss which force them to have a decent job again. Well, trading is risky if you are not confident about your knowledge in trading, don’t do it full time because you can just trade depends on the market trend and your strategy, personally I can say trading is worth it but I can’t afford to lose my job for now because trading is still not for me.

[BlackHatCoiner]

What kind of trades is he doing exactly?

• National currencies. Sells USD for EUR, EUR for YEN etc.
• Plays with spot losses, buy orders, sell orders and the like, with gold.

Whenever he explains what he's doing to me, it feels like a black box. It's like when someone feels he knows what he does, but it is somehow constantly proven that he doesn't. What he wants is to have is a ~3% gain on average, every month. I just don't understand if he deeply knows it's gambling or just thinks there's a "scientific explanation" known as "<whatever> analysis" that can be used to make money.

He likes being on Tradingview and try to explain what's going on, what are all these things etc. But, why do I feel it's just horseshit and there's absolutely nothing essential?

[Oshosondy]

@BlackHatCoiner

Let me be honest with you, I have spent over 2 years in trading, I am not a newbie at all and I know the pros and cons of trading.

Trading is not gambling, but life itself is gambling which can make us consider trading as gambling, but trading is not gambling if relating it to casinos and other gambling means, it is just called trading.

The level of risks in trading is as high as in gambling, within a day, a rich man that has just started to trade can lose almost all his money, he can lose millions or more in just a week. Trading is a pure gambling for beginners and it is addicting just like gambling.

For experts, trading is not gambling, it is far better than gambling, the market can favour, what if the market first not favorable and a professional trader is losing. First of all, he used an amount of money he is able to lose to trade, second is that he used a very minimal leverage like 1x to start. Trading bitcoin, he can increased the leverage to 3x maximum (my own strategy and my max) if the loss has increased, just to make the entry price to become nearer to the unfavoured price so the entry price the trader will start to make profit will become closer to the present price. There are many more to trading like that.

Newbies will always lose, it is normal. That is why it is always advisable for newbies to trade with the amount lesser than the amount of money they can afford to lose, because they will lose. Someone can be a newbie trader or not yet become professional for over 2 years as the trader will lose, making the same and different mistakes and later try to amend. For newbie traders, trading is gambling.

If you see the life experience of some traders, it was bad, they lose a great amount of money in just short period of time, it is very risky like gambling because traders will start from the beginning as a newbie and if they use much money, sorry to tell you that they will lose it. Just as in gambling, as they trade more and used more money, they will lose more.

But unlike gambling, no profession in gambling but that may be a debate for some people, but the obvious truth, the more someone gambles, the more the losses. But in trading, traders can still professionally know that they should enter the market at a particular price and also leave the market at a particular price (easy said than done for newbies). Gambling is all-or-none, either you lose all or win all, cashout is not just an advantage, unlike trading that a trader can still believe in his analyses, the trade may not first favour, the market may correct itself and the trader may later make profit. But not just that the trader will just make profit, there are many discipline that he must abide to, he should not be greedy, he should use the amount of money he is able to lose, using low leverage like 1x and he should be able to make use of indicators and sentiments appropriately.

[dunfida]

It’s worth it but don’t expect too much if you are still not knowledgeable enough to trade on your own. The risk is high and that’s why its rewarding, because the higher the risk the higher the reward and of course it will always depend on how you execute your strategy. Trading is risky, don’t take it for granted because if you do, you can’t expect yourself to earn some profit. Continue to learn, trading is a never ending analysis the market will continue to move and we should adopt on every trend.

Trading requires a lot of your patience and strategies.
Each coin or project will need a different strategy as they have different progress of developments.
So it doesn't mean that you just jump onboard whenever there is hype or fud.
Without making any logical study on the coin, you will lose without a fight.
It is true that everyday you spend on your trading journey, you will acquire new skills or tips or techniques.

Getting a good grasp of it would really require time and effort which doesnt talk about short span of time and this do involves very long period for you to get engage or to deal with.You cant just learn in a matter of days
or months but rather it would really be a couple of years or something and once you do learnt up yourself then find out that you do able to make or snip out some profits in the market then you can consider yourself to be a good trader but of course this one isnt for everybody yet there are people who do still keep struggling despite of the long time that they've been doing trading.So its up to someone whether they would sustain and persevere with this career.I could really say that it is really worth and could really give out that chance on making it as a living if you could really able to sustain.

[tadamichi]

What kind of trades is he doing exactly?

• National currencies. Sells USD for EUR, EUR for YEN etc.
• Plays with spot losses, buy orders, sell orders and the like, with gold.

Whenever he explains what he's doing to me, it feels like a black box. It's like when someone feels he knows what he does, but it is somehow constantly proven that he doesn't. What he wants is to have is a ~3% gain on average, every month. I just don't understand if he deeply knows it's gambling or just thinks there's a "scientific explanation" known as "<whatever> analysis" that can be used to make money.

Honestly trading gold on a short time horizon seems weird to me, there isnt much scientific about it. No matter how someone tries to rationalize it. Thats why im meant with putting too much emphasis on TA, because it can give oneself the impression that there is something predictable to discover, when its completely unpredictable in reality. Theres big institutions that can use a lot of volume to move markets. But for a regular person: trying to predict tiny changes in gold solely based on ta seems like astrology to me personally, especially if his strategies dont seem to be working.

Im not a expert on forex, but its definitely not something i would advice a beginner to start in. And especially if no long term strategy portfolio is even being built. I think the basics are missing here and this whole approach seems to be built on weak ground. Basics first, and then a beginner can start going into more challenging trading. Just keep him out of leverage please, so he doesnt run the risk to get into debt for nothing.

He likes being on Tradingview and try to explain what's going on, what are all these things etc. But, why do I feel it's just horseshit and there's absolutely nothing essential?

Because thats what it is, its just a waste of time trying to predict ultra short term changes in prices better than everyone else, instead of spending time on actually evaluting economics/ ideas/ businesses. Time can be spent more productively with greater returns, both financially and mentally. Sure a lot of money could be made with leverage(less with spot), but lets not act like this is the norm, the same money can be lost quickly again with this approach.

[Desmong]

And how accurate have TA and charts predicted the situation we're now in?

Just an addition: My brother checks no crypto-charts. He prefers Forex and gold. Does the same logic apply there too? I honestly don't know what to say or whom to address to.

Yes it can be applied to crypto too but it depends because of the nature of the crypto market. The market is very flexible and volatility and most time irregular things could make the crypto market falls overnight. Many things are happening in the market which are not supposed to be so. The forex market is very understandable there are things we need to look at to predict the next possible movement of the market.

[gunhell16]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

Crypto trading here in this industry is really tested for us to make money, you always have to have an idea or knowledge and you know you have to analyze when the possible decrease and increase in the price of the token you have, so you know when you should buy and sell so you can make a profit. Then buying at a low price and selling at a high price is also very proven and many people make money with this method. Just let me repeat you know you should analyze the price movement on the chart graph on an exchange site platform.

[xSkylarx]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation.

Trading can really be a profitable career but never consider quitting your job. Just make it as a side hustle of yours whenever possible. Trading is more like a business for me as it needs a huge capital when the market doesn't go your way. You need to have a deep pocket to still trade if the market continues dumping and stay at a lower price for some time.

Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

I don't think there is someone that does trading profitably just by doing that. Market is very unstable and global factors also affects the movement of it.

I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

Trading is very different from gambling. You can calculate your risks in trading by using different strategies, indicators, and charts that will help you decide your plan. Unlike in gambling, you mostly depend on your luck to win.

[BlackHatCoiner]

Gambling is all-or-none

Gambling is, though, completely transparent. You know the rules, you know your chances. Trading is an entirely different thing, completely opaque. You only know the price history, and can only make some arbitrary assumptions.

Both gambling and trading have some very important in common: The whales beat you. You can't win poker if you're playing with a billionaire, it's a matter of chances. And I presume it's the same in trading; it's a matter of time until you lose that money, because an institution knows more than you do.

Honestly trading gold on a short time horizon seems weird to me, there isnt much scientific about it. No matter how someone tries to rationalize it.

It's more rational than trading cryptos, but yeah, it still doesn't make much sense to try to live off gold trades. Does it?

[tadamichi]

Honestly trading gold on a short time horizon seems weird to me, there isnt much scientific about it. No matter how someone tries to rationalize it.

It's more rational than trading cryptos, but yeah, it still doesn't make much sense to try to live off gold trades. Does it?

There’s just too many factors in the short term: worldwide market with millions of participants, different volumes based on exchanges,  so many different financial instruments(etfs, cfd, futures options, spot), considering inflation, interest rates, conversion rates between different currencies, it wont go up as high as other investments when the economy recovers, gold mining, commodity demand, huge influence from big institutions, short term news, gold discoveries, politics, custodian risk.

Somehow you need to translate all of this information into how the price will rise or fall in the next minutes/ hours/ days. If this task is impossible to solve in code, where you can express math freely, so how should technical analysis solve it?

And then the question is, can all this effort beat the market, where you just need to save into an index or something that gives you like 7-8% on average in the long term? If not, its not rational and you did worse, even tho a lot of time was spent.

And the other question is, can it outperform Bitcoin? And even if you don’t trust Bitcoin, there’s ways to diversify investments, Stocks pay yearly dividends etc. There’s so many strategies that can be built, that can outperform the short term approach, with much less risk and work required.

Only a minority will succeed in the short term, so I’ll never recommend it, if there’s not already a strong long term strategy in place, and short term trading is done with a few % of his overall investment portfolio as an addition. Idk any successful trader that just had a short term strategy and not both.

[ChrisPop]

Only a minority will succeed in the short term, so I’ll never recommend it, if there’s not already a strong long term strategy in place, and short term trading is done with a few % of his overall investment portfolio as an addition. Idk any successful trader that just had a short term strategy and not both.

Well if short-term trading was not profitable why would traders still do it? The truth is there are a gazillion strategies to "play" the market. It all comes down to the personality and temperament of the trader. For example if you are high in negative emotion sensitivity you might want to play the short-term - as seeing a position being on a significant drawdown for a lot of time might take a toll on your quality of life and trading.

Moreover your trading style needs to suit your lifestyle. Not everybody finds trading to be fulfiling, nor everyone likes to spend most of their awake time watching charts move on a monitor (although with today's technology you can get yourself an impressive setup with led lights, curved uhd monitors and all that good stuff )

[tadamichi]

Only a minority will succeed in the short term, so I’ll never recommend it, if there’s not already a strong long term strategy in place, and short term trading is done with a few % of his overall investment portfolio as an addition. Idk any successful trader that just had a short term strategy and not both.

Well if short-term trading was not profitable why would traders still do it? The truth is there are a gazillion strategies to "play" the market. It all comes down to the personality and temperament of the trader. For example if you are high in negative emotion sensitivity you might want to play the short-term - as seeing a position being on a significant drawdown for a lot of time might take a toll on your quality of life and trading.

Moreover your trading style needs to suit your lifestyle. Not everybody finds trading to be fulfiling, nor everyone likes to spend most of their awake time watching charts move on a monitor (although with today's technology you can get yourself an impressive setup with led lights, curved uhd monitors and all that good stuff )

I agree with what you’re saying, but if we had 2 groups of average people, one group just does short term trading, and the other group does a little short term trading with a focus on long term strategy, which group would perform better trough out changing scenarios? That’s why i think the second approach is better, no matter how good of a trader you are. No human can consistently perform at the highest level, so it’s important to create some securities that are independent of your own individual performance. This doesn’t mean people can’t trade in the short term anymore, but making things more reliable. The rational approach would be to choose both, or just the long term approach for people who are not into trading.

[cryptosize]

95% of traders lose money, so no. There are tons of things you cannot predict (apart from BTC halvings).

100% of hodlers gain money, provided they have a long-term timeframe.

[harapan]

Yeah it is really is trading is good but one must have a good understanding of the market and the chart both  up moving and downing.
I don't think they are the same as gambling. They might have similarities but they don't really do same thing, but in the end all leads to making additional funds and Profits.
Trading is not for the weak as you need daily routine so as to cash out funds. The market is indeed volatile and lots of things happening.

[0verseer]

Gambling is all-or-none

Gambling is, though, completely transparent. You know the rules, you know your chances. Trading is an entirely different thing, completely opaque. You only know the price history, and can only make some arbitrary assumptions.

Both gambling and trading have some very important in common: The whales beat you. You can't win poker if you're playing with a billionaire, it's a matter of chances. And I presume it's the same in trading; it's a matter of time until you lose that money, because an institution knows more than you do.

Honestly trading gold on a short time horizon seems weird to me, there isnt much scientific about it. No matter how someone tries to rationalize it.

It's more rational than trading cryptos, but yeah, it still doesn't make much sense to try to live off gold trades. Does it?

It can make sense depending on what kind of person your brother is. Does he watch world news and seem to be well-versed in the thing around the world/world trade? Try to engage you in any topic related to politics, wars and history? Cause if he checks most of those, he's likely just want to get a few % gains from his interest/knowledge about the things.
Say, Russia amassed their army along the Ukraine border a few months ago, if he watch the news and was confident about intel there might be a war break out soon. That he knew about Ukraine is a major exporter of wheat. That Russia's oil and natural gas sanctions for the invasion might drive the price higher. Those kind of things aren't wild guesses, trading without any directions or gambling like someone in here said.

It was like crypto where we, holders and investors try to anticipate an upcoming update or having and speculate better sell now or holding it. Sort of like that but his market is more real, more related to world events and the volatility isn't high like the crypto market.

[virasisog]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

A beginner can't have crypto trading as a full-time job. Trading needs broad understanding because it's a long process of learning. You can rely on it when you already know the basics plus the technical analysis and strategies that you can apply. It needs time and courage for you to understand everything. It has huge risks and might lead you to losses if you'll enter it without enough knowledge.

[wxa7115]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

It is not as weird as it may seem at first sight, lets take a look at supermarkets, super markets do not really produce any of the products they sell and instead they just offer them to the public at a convenient place and they earn a profits from it, so while they are not providing products they are providing a service.

But what service traders provide? They provide liquidity to the markets and make the process of price discovery, the process in which we determine the price of everything, more smooth, some can earn money from the activity but they are a minority as the majority are not good enough to do this and lose their money to those which have a higher skill level.

[Rigon]

Of course trading is a valuable thing. Of course trading is a valuable thing for those who can trade and have a good idea about trading.Trading may not be valuable to a person when he loses a lot of money from trading.At present many people are involved with trading platforms but not everyone understands about trading.I have also made a lot of money from trading platforms and I have found that credit platforms are a very valuable thing. I realized that only after gaining.

[FlamingFingers]

As OP had said that his brother understood technical, if truly he understood it to the depth, then he can make a trading a full time job, but he should note that emotions plays a very huge role in trading, there are lots of people who knows technical analysis to the core but they cannot control their emotions, not all time that the chart will be right, you have to combine fundamental analysis and emotion, if he can't do those stuff  he better get a job and it will be better he just buy and hold coins for either weeks or months then sell off while at profit

[ethereumhunter]

I think your brother can try to trade but before that, I suggest your brother read many tutorials or lessons that will be useful for your brother. I'm sure some people just buy low and sell high. The meaning of high here is not always related to the new ATH but maybe it's just a figure of speech and doesn't think too much about it. The key to trading is being willing to learn about trading so your sibling can buy low and sell high. Or maybe your brother can try the demo account provided by Binance to learn more about trading.

[|MINER|]

Yes of course trading is always trust worthy. If we see the current many giant people are coming into trading. But it's true that not everybody can do profit from this, for gaining profit he have to learn how to read and analysis the candles. There are many tutorial on you tube or google for this.
And In my opinion, gambling and trading should not be combined. Because if we look at real life, people make a living by buying and selling goods. Even there, a trader has to buy less and sell more, we can't call it gambling anymore. I would also compare cryptocurrency trading to this because here the profit is made by trading by selling cryptocurrency for more or less.

[stomachgrowls]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

A beginner can't have crypto trading as a full-time job. Trading needs broad understanding because it's a long process of learning. You can rely on it when you already know the basics plus the technical analysis and strategies that you can apply. It needs time and courage for you to understand everything. It has huge risks and might lead you to losses if you'll enter it without enough knowledge.

It does take years and very long pile of effort and understanding before you could really make yourself sustainable on trading.This isnt for everybody even if someone do wishes on going full time with trading and even myself i do even hardly able to maintain or sustain considering that i've been doing trading for 5 years but i cant really see myself on going full time and leave my day job just to
make some full time trades.

Well, its a personal choice since there are people who could cope up despite of those conditions.Not all would really be that too good on ending up on good results from time to time.
This isnt newbie friendly but once you do able to take a good grasp into it then expect that you are really indeed doing good.

[Oshosondy]

Gambling is, though, completely transparent. You know the rules, you know your chances. Trading is an entirely different thing, completely opaque. You only know the price history, and can only make some arbitrary assumptions.

Both gambling and trading have some very important in common: The whales beat you. You can't win poker if you're playing with a billionaire, it's a matter of chances. And I presume it's the same in trading; it's a matter of time until you lose that money, because an institution knows more than you do.

Trading is also completely transparent but it requires knowledge. I am referring to less risky assets like gold, crude oil, foreign reserved fiat and bitcoin.

A novice trader can decide to trade shitcoin, that is left to the trader as he continue to lose the more, even an experienced trader can trade such coins and lose. Also there is a chance of gamblers that bet often to fall into a fixed match. There are manipulation in this world but experience makes them avoidable, most especially in trading.

You know how definitely it is that forex is not like what you are talking about. In crypro, you can be a trader, not greedy, go for good coins like bitcoin, ether or litecoin but not the existing over 20000 shitcoins. Such traders if they are professional, they make profit and far better than gambling if the right choice is coupled with discipline and experience.
 
I was a core gambling addict before, I have traded and know the pros and cons as well. Trading is gambling for newbies but not gambling for experienced traders, they make profit, even with just $100.

But I do not encourage people to trade though just because new traders are liable to lose all there money just like gambling addicts. But for those that are able to use the amount of money below what they can afford to lose to start for like a year or two, they will understand what I am talking about, that trading is different from gambling and better.

I trade with seriously but gambling for fun with low amount though.

[Johnyz]

Of course trading is a valuable thing. Of course trading is a valuable thing for those who can trade and have a good idea about trading.Trading may not be valuable to a person when he loses a lot of money from trading.At present many people are involved with trading platforms but not everyone understands about trading.I have also made a lot of money from trading platforms and I have found that credit platforms are a very valuable thing. I realized that only after gaining.

You see the value of trading if you understand how this thing works, and you can maximize that potential to make more money. Trading is fun and worth it, the risk is there which is normal but if you do this professionally, you can go further and for sure reach your peak. Be responsible if you want to make money in trading, there’s no shortcut for this, so take every lesson and do better always.

[stompix]

And how accurate have TA and charts predicted the situation we're now in?

Just an addition: My brother checks no crypto-charts. He prefers Forex and gold. Does the same logic apply there too? I honestly don't know what to say or whom to address to.

I don't know s8&^ about gold but forex is far more predictable than crypto, you have dates when statements are released, you have a lot of information about who is going to raise rates by how much, you know the economic context, you know the debt of a country, the status of their economy, if you're careful with leverage and you stick with small amounts you can make some $ but once you dive in too deep you're going to get recked like in crypto by something unexpected.

As for everyone saying how crypto trading is profitable due to knowledge and experience, crypto trading seems like that because in bullish seasons everything you would trade was going up, everyone was making money, some were making money trading shitcoins, and were happy with their strategy without realizing they would have made the same by just keeping the coins. When the bear season started, trading became not so attractive anymore, because this is where you would have to actually guess the price swings, and all the "knowledge" didn't help you once.
But just like gamblers who are sticking to the story of having a "system" so do crypto traders, they claim to have a model, but in reality, is just guessing work.

[Strongkored]

I think your brother can try to trade but before that, I suggest your brother read many tutorials or lessons that will be useful for your brother. I'm sure some people just buy low and sell high. The meaning of high here is not always related to the new ATH but maybe it's just a figure of speech and doesn't think too much about it. The key to trading is being willing to learn about trading so your sibling can buy low and sell high. Or maybe your brother can try the demo account provided by Binance to learn more about trading.

Based on the OP's statement his brother studied that beforehand so at least his brother didn't enter into trading with zero knowledge.
But making trading especially in crypto as the main job may be very different if trading in forex or other than crypto, crypto is full of surprises and speculations, everything will run smoothly when it is bullish but when the opposite situation will be very difficult the price goes up there is bad news it will go back down even below predictions even the words of someone famous through social media can affect the market and this always happens in crypto, but there is no harm in trying as long as you are able to bear all the risks that arise.
And a demo account won't be very helpful because the pressure is different if using real money, the demo account only helps to learn the features of trading on the exchange, this is my opinion.

[ImThour]

If you understand how it's done and what are the advantages of it, then surely yes.
Every trader needs a set of rules and once he masters them, then it's more of robot work as compared to the human mindset.

I would love to achieve that level of trading in my life. When you set your orders with SL/TP in advance and don't care where the price moves.
Also, when the price hits your target price, it's a blessing.

[kamvreto]

If you understand how it's done and what are the advantages of it, then surely yes.
Every trader needs a set of rules and once he masters them, then it's more of robot work as compared to the human mindset.

I would love to achieve that level of trading in my life. When you set your orders with SL/TP in advance and don't care where the price moves.
Also, when the price hits your target price, it's a blessing.

What do you mean by trading levels, whether to master technical and fundamental analysis or increase profits on each trade. Because it would be very easy to set up a SL/TP. The obstacle is panic, psychology when prices fall and when prices are too high, there will be a lot of FOMO. When trading according to the strategies and rules that have been made, without any hesitation, it requires strong psychology.

Trading is really worth it when getting more profit, but on the other hand if the trade keeps losing then the trade will not be suitable and not profitable, Depends on the ability of each trader.

[Husires]

you Won't get a convincing answer Everyone will answer you through his experiences, but in general, the more experience you have in trading, the more you will be able to make profits with the least possible effort, and therefore it is impossible to rely on it as a source of income for beginners or young people who do not have enough capital.
The more experience you have and the more your capital increases, the better the return will be from the job, especially in poor countries.

[Oshosondy]

And how accurate have TA and charts predicted the situation we're now in?

Just an addition: My brother checks no crypto-charts. He prefers Forex and gold. Does the same logic apply there too? I honestly don't know what to say or whom to address to.

I don't know s8&^ about gold but forex is far more predictable than crypto, you have dates when statements are released, you have a lot of information about who is going to raise rates by how much, you know the economic context, you know the debt of a country, the status of their economy, if you're careful with leverage and you stick with small amounts you can make some $ but once you dive in too deep you're going to get recked like in crypto by something unexpected.

As for everyone saying how crypto trading is profitable due to knowledge and experience, crypto trading seems like that because in bullish seasons everything you would trade was going up, everyone was making money, some were making money trading shitcoins, and were happy with their strategy without realizing they would have made the same by just keeping the coins. When the bear season started, trading became not so attractive anymore, because this is where you would have to actually guess the price swings, and all the "knowledge" didn't help you once.
But just like gamblers who are sticking to the story of having a "system" so do crypto traders, they claim to have a model, but in reality, is just guessing work.

Gold is an asset with less volatility, I have not traded it before, but I know the market can not be manipulated with over $10 trillions of gold market worth. I can only guess that the less volatility makes it suitable for people that are rich because using small amount of money to trade gold is not worth it and over leveraging is not advisable at all. I do not know much about it but I do know that some people prefer to just hold it which is perfect than holding money in bank.

But regardless of what a trader is using to trade, they should use the amount of money they can lose and not affect them.

Forex is good too,  fundamental analyses can be more used to back technical analyses in forex, fundamental analyses in crypto is not as much as in forex just like you said it, but in reality, I have seen people that trade forex and lose great amount of money, I have seen people trading forex for years but they were not able to even buy a small car from it. Comparing forex with crypto may have more fundamental bases but trading generally is risky overall, that is why experience matters the most.

Crypto trading is more than that, but you are not wrong because we can see how people were making money in the bull run time and we can also see millions of dollars liquidated during the bear market. An experienced trader that is devoted with crypto trading, using the right coins like bitcoin, ether or litecoin and not shitcoins, they can still use technical part of analyses to make money, but they should not be greedy and using a very low leverage like 3x below for bitcoin. I prefer 1x.

[el kaka22]

I think the "worth" it part of the deal is the fact that that trading could turn out to teach you a skill that could allow you to make a living maybe like few hours a day for your life. Would that worth it? Of course it is, it is a talent/skill you could use for all your life, just do like few hours a day and eventually you will be great.

Nothing becomes a talent overnight, so you need to study and do it for many hours before you could be great, and that means we are going to see all these people giving up before they become a good trader. But if you start, and work hard to be a great one, in 4-5 years you are going to be a master of it, and earn good enough to not work anywhere else.

[ChrisPop]

I think the "worth" it part of the deal is the fact that that trading could turn out to teach you a skill that could allow you to make a living maybe like few hours a day for your life. Would that worth it? Of course it is, it is a talent/skill you could use for all your life, just do like few hours a day and eventually you will be great.

The thing is that to log a few hours of trading a day. each day you have to sacrifice something else.  So I think a useful question to ask yourself is what are you willing to sacrifice to find out IF you can make it in trading?

In 5 years with a few hours per day you can become a master in many things. It is mostly a matter of choice.

[Nrcewker]

If you want to do it, then you need to do with full dedication, in that way you can achieve something.
I don’t wanna give you false hope, but let me tell you about the honest phase.
According to me on trading you should not completely rely on. I mean you can do it as a part time but yes doing it full time might not that be fruitful.
There are many traders who are doing it full time, but yes that came with many losses and many sacrifices by them.
I can suggest you that ask your brother to do P2P deals that is buying and selling Bitcoins simultaneity in a big amount.
Like this he can easily make 50$ a day.

[Cling18]

Trading will always be worth it but you have to acquire knowledge of how it works. It's not as simple as you think because it's too complex to understand. It's not for emotionally weak people and not passionate about doing it. It requires willingness and patience. You have to train your mind and emotions because you must have the right mindset before entering it.

[Quidat]

Trading will always be worth it but you have to acquire knowledge of how it works. It's not as simple as you think because it's too complex to understand. It's not for emotionally weak people and not passionate about doing it. It requires willingness and patience. You have to train your mind and emotions because you must have the right mindset before entering it.

This isnt something that you could really directly able to learn on point but it is really free for everybody to get engage and outcome and results would really vary on how much effort and time
you do really put out.You cant really just able to gain that learning and knowledge and get the skills which would really be sufficient on your trading career but somewhat it doesnt really necessary
for you to go on full time which you could also able to snip out and hold for long  term.There are different kind of traders and its up to you on which one you would really be following depending
on the situation in speaking with time and effort you could possibly able to give.It is worth it once you do find yourself making some profits and able to sustain in longer runs.

[Rockstarguy]

Taking trading as job can't go well for everyone,  especially newbies who don't have experience about trading . But as far those who have been into trading for a while,  with their experience and skill it is possible to consider trading as a job. No matter how good one can be in trading it very risky to consider trading to be a job, trading is always unpredictable that one can't tell what trading out come will be( loss or gain). It is better to get another source of income and make trading a second hustle.

[sklopan]

I tried various options for working, and I can say that trading turned out to be quite a good option for me. If you approach the work correctly, the result can be quite positive.

[FanEagle]

I honestly believe that the best thing to do right now would be getting further away from trading itself, and learning to trade is a lot better if you are a newbie. I personally never found trading to be worthy of my time, still do it because it's "fun" but that's about it. I made a lot more money by being a longterm investor than any money I made during my trading times.

I have to be honest, I made a ton of "profit" in trading, but if you add all the losses I made as well on top of it, then it becomes not that much of a profit at all. So, if you can make 100 bucks profit from trading but 80 dollars loss, it's better to make 50 dollars long term investment profit instead.

[Mauser]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

Yes trading can be profitable as long as you are good at it or being lucky many times. If you are unexperienced and think it's an easy way to get rich, the chances are very high you are going to lose money. Since you have no background in reading I will try to simplify things a bit. Think of traders in the market as a zero sum game, for one person to make money someone has to lose money. So on average you would have 50% of the traders making money, and 50% losing money. It's a bit more complex than that because there are fees and transactions cost to consider. As a very good trader you can make a lot of money. How much experience has your brother in trading? If he did it a few years successfully he might be able to do it for a living, but without any experience I think it will be hard to cover all his living cost. Also does your brother has a decent bankroll to start with? Starting from zero can take some time to build up an portfolio.

[AicecreaME]

Trading will only worthy if you're serious about it, if you're willing to spend a lot of money just to gain some experience before gaining a lot of profit in the long run. It will be a long process, and that needs patient which is hard to give on something if you're not committed to it.

I wouldn't recommend it as a full time job if you're just new to it, because you do work and trade at the same time. It's important to have another source of income just for backup.

[sklopan]

I'm sure yes. Trading for work is a rather interesting option, and most importantly, it can bring good results.

[Wakate]

Op needs to go check the history of trading so he can see those benefits he can get if he eventually becomes a good trader. Trading is can be taken has a career and those who are spending time to learn the art of trading are benefiting from it. Learning is paramount to winning and those traders who had taken there time to learn trading without thinking of quiting are having a great time with it. There are traders that are taking trading as a job and they are really enjoying it.

[tvplus006]

...I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy...

If your brother treats trading as gambling, then this is one of the red flags that he should not engage in trading, since sooner or later he will lose his money. If he takes his chosen occupation seriously, he must learn to trade in such a way that it will bring profit sufficient to meet the material needs of the family.

[sana54210]

I think the "worth" it part of the deal is the fact that that trading could turn out to teach you a skill that could allow you to make a living maybe like few hours a day for your life. Would that worth it? Of course it is, it is a talent/skill you could use for all your life, just do like few hours a day and eventually you will be great.

Nothing becomes a talent overnight, so you need to study and do it for many hours before you could be great, and that means we are going to see all these people giving up before they become a good trader. But if you start, and work hard to be a great one, in 4-5 years you are going to be a master of it, and earn good enough to not work anywhere else.

This is not right for every human. I mean not everyone just goes out there and studies and learns how to trade and gets a great job. I personally feel like I am a decent investor, do not consider this as a big deal, because it is really not since I am not rich, but I am in no means a good trader and I have been here for a long time.

It means, there are some people who will work hard and become a great trader and they will make their living based on trading, and there are some people like me, who will work hard all their life, and just work a salary instead. This is why I believe what you said is right, but not all the people who are interested in crypto.

[Franctoshi]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

Firstly it's not something you do for job or for a living, one very sure thing I have to tell you about trading is that trading involves huge risk,  you can even loose the entire money used in trading and can equally make huge amount of money but this is when you know and understand the the market behavior , fundamentals and technical analysis properly with risk management and avoid being greedy in the market.
These things are what you have to take home and ask your brother if he's aware of all this stuff before he finds himself involved with trading because he is going into an unpredictable market that is volatile.

[crzy]

Trading is definitely worth the effort. The question is a bit different - the trader's readiness to work. For example, I tried my hand at working on a demo account of Amarkets broker. This allowed me to understand whether I should use such an industry for work.

Trading is ok as long as you know what to do, it’s all about your effort to learn things about trading because it can make a big change for you. You can only say its worth it if you already experience it, trading can be more profitable once you executed your plans so better start planning. There’s a lot of successful traders here, they all started from the scratch, use it as your motivation.

[Fatunad]

Trading is definitely worth the effort. The question is a bit different - the trader's readiness to work. For example, I tried my hand at working on a demo account of Amarkets broker. This allowed me to understand whether I should use such an industry for work.

Trading is ok as long as you know what to do, it’s all about your effort to learn things about trading because it can make a big change for you. You can only say its worth it if you already experience it, trading can be more profitable once you executed your plans so better start planning. There’s a lot of successful traders here, they all started from the scratch, use it as your motivation.

But you should put up into your mind that trading doesnt really guaranteed out or making those things happen on whats into your mind.Expect the unexpected and this should people treat trading because its not really
simple as it sounds yet not all would really be that successful nor do really  takes a very long time for you to have a good grasps on trading and people should really be mindful in regarding on this one.
Is it worth it? Yes of course but it depends on how much effort  and time you would really be putting and you would normally be facing lots of trial and errors before you could able to have a good
grasps on it.Never ever make yourself that too confident that you could make a good grasps on everything because trading isnt really that easy.

[Vaskiy]

Trading is definitely worth the effort. The question is a bit different - the trader's readiness to work. For example, I tried my hand at working on a demo account of Amarkets broker. This allowed me to understand whether I should use such an industry for work.

Trading practice is the key factor that generates value through the demand and supply. Here everyone can't be the master. You make yourself knowledgeable, automatically trading will help you earn unlike the market trend. As mentioned it is always a good choice to analyse and understand trading even before going for real-time trading.

[boyptc]

Trading is ok as long as you know what to do, it’s all about your effort to learn things about trading because it can make a big change for you. You can only say its worth it if you already experience it, trading can be more profitable once you executed your plans so better start planning. There’s a lot of successful traders here, they all started from the scratch, use it as your motivation.

But the mere fact is that, many are losing more in trading.

That's coming from being a trader, it's better to choose to be a holder and a passive investor. Yes, trading is ok if you've been doing that for a long time and you're making bare losses.

But if you're trying to get hard on it and you keep trying and there's almost no improvement, you need to decide to forget it and choose the other path which is investing and holding.

[gunhell16]

You know Sir, I believe that Crypto or Bitcoin trading is for everyone who wants to know or learn it. In my own view, everyone may be called but not everyone is appointed. What does that mean? This means that not all traders here in this industry are able to make a big profit even though everyone wants to achieve it, but it differs in the depth of understanding of knowledge in reading the analysis of price movements in the market.

Even though I've been here for a long time like you, I'm still not that deep in conducting crypto trading activity, because a graph or chart on an exchange is really very difficult to understand. So what I doing right now is short term trading not scalping because the risk is quite high when I do it and the chances are high that my assets will dissolve or lose in just a snap.

[crwth]

Isn't life completely gambling? Like you are risking a lot of things in the hopes of making a profit with it?

There are a lot of traders that are doing this for a living. It's not just in cryptocurrency markets but mostly in stock markets. Imagine a lot of people are already living their lives because of it.

Read this if you are interested in learning more about it from a reliable source.

The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management by Dr. Alexander Elder
https://www.amazon.com/New-Trading-Living-Psychology-Discipline/dp/1118443926

It's a very intuitive and engaging book on why people tend to fail and how to ensure you have set the suitable systems for success.

[Christopher Andrews]

It is definitely worth doing it! But it will work only if you are ready to put in the efforts. And by that, it doesn’t mean temporarily. I started trading 2 years ago. Though I have become better, there is still a lot to learn. If you can keep up with the market, then yes, it will be worth it.

[barbara44]

In the crypto space, we have lots of options from which you can make your money from. And one of them happens to be TRADING.. Just as important as HODLING is in making money from your assets, TRADING happens to be very important also. I knew a few of my friends that only deals with trading of their coins rather than engaging in all the hold and all of that.

It is very profitable because I know most of them who have made a very good amount of money from simply trading. Though trading is most times seen as a risk action, but those with the ability to condone risks are actually doing perfectly well.

[sklopan]

From my own experience, I can say that trading is a very suitable option for work. With the right approach to work, this can be not only a good start, but also a good way to earn money in general.

[wxa7115]

Trading is ok as long as you know what to do, it’s all about your effort to learn things about trading because it can make a big change for you. You can only say its worth it if you already experience it, trading can be more profitable once you executed your plans so better start planning. There’s a lot of successful traders here, they all started from the scratch, use it as your motivation.

But the mere fact is that, many are losing more in trading.

That's coming from being a trader, it's better to choose to be a holder and a passive investor. Yes, trading is ok if you've been doing that for a long time and you're making bare losses.

But if you're trying to get hard on it and you keep trying and there's almost no improvement, you need to decide to forget it and choose the other path which is investing and holding.

What happens is that people let themselves be tempted by the potential profits, becoming an investor is easier in the sense that you need less hard skills, like reading charts, and more soft skills, like enduring bear markets and not sell your coins.

So in theory most newbies should become investors at first and then if they want they can try trading, however since the potential profits are bigger in trading many people skip investing completely and go straight to trading, and as such they will eventually suffer the consequences of taking such a choice and what something like that entails.

[Quidat]

Trading is ok as long as you know what to do, it’s all about your effort to learn things about trading because it can make a big change for you. You can only say its worth it if you already experience it, trading can be more profitable once you executed your plans so better start planning. There’s a lot of successful traders here, they all started from the scratch, use it as your motivation.

But the mere fact is that, many are losing more in trading.

That's coming from being a trader, it's better to choose to be a holder and a passive investor. Yes, trading is ok if you've been doing that for a long time and you're making bare losses.

But if you're trying to get hard on it and you keep trying and there's almost no improvement, you need to decide to forget it and choose the other path which is investing and holding.

What happens is that people let themselves be tempted by the potential profits, becoming an investor is easier in the sense that you need less hard skills, like reading charts, and more soft skills, like enduring bear markets and not sell your coins.

So in theory most newbies should become investors at first and then if they want they can try trading, however since the potential profits are bigger in trading many people skip investing completely and go straight to trading, and as such they will eventually suffer the consequences of taking such a choice and what something like that entails.

All of us do mostly experience this stuff on the time that we are really that we are starting on investing and the later on we do experience or noticed out on how profitable when you do make out active trades which is definitely true but of course it does really involved even higher risk for someone to take.This isnt something that could someone will able to deal or handle it directly thats why
it would involved lots of trials and errors before you could able to make a good grasp on it.Its not impossible but wont really be that easy as it looks.This do really requires a longer patience
plus having that more serious on dealing about technicals and other aspect which would really be that essential on your career path.

[hashrateproducts]

Trading is major and essential thing one need to know in the space. With trading some people would be financially alright, and will definitely gain Profits in the space. You can take trading as means of survival and profession and it will suits your bills only if one take it seriously. Trading generates passive Profits because it doesn't require a bit of stress rather just your time to observe the market and knows the right time to open positions in the market. Trading is worth everything in Crypto and in life because people beckon on it as source of income.

[2stout]

It worth it as long as you have realistic expectation- dedication, knowledge, willing to learn, steady gains as in don't chase and think every selection will be a home run, and a buffer/cushion for risks and adverse market conditions.  The lack of any of these may make it not worthwhile.

[lienfaye]

There are traders who made trading as their main source of income so I think it depends for every trader because some are losing while others are gaining. In my experience it didnt turn out well, maybe because the time I spent and the strategy that I think will work doesnt really match for me to gain as a trader.

Anyway, to succeed as a trader, it requires knowledge and strategy that will work regardless of the situation of the market. Its a must that you know how to set aside your emotion because sometimes its a problem if you're not able to control it.

[Clochaard]

It could be profitable if you understand and trade according to the market conditions. There are also downsides and you can never eradicate the risk. So, you have to decide whether you can take the risk or not.

[KingsDen]

Actually there's nothing in this crypto space that doesn't worth it or can't even a living. It is determined by the level of your involvement, determination and skill.
If he is so skilled and conversant with the charts and then has good funds. He is good to go while being patient and have good sense of risk management.

But if he wants to do my type, mediocre trader who only trades when he needs spare $10 to $20 to buy groceries, he wouldn't succeed.
Encourage him to go for it, everything is risk.

[dunfida]

Actually there's nothing in this crypto space that doesn't worth it or can't even a living. It is determined by the level of your involvement, determination and skill.
If he is so skilled and conversant with the charts and then has good funds. He is good to go while being patient and have good sense of risk management.

But if he wants to do my type, mediocre trader who only trades when he needs spare $10 to $20 to buy groceries, he wouldn't succeed.
Encourage him to go for it, everything is risk.

Everything that do involves investment or something talks about income then always expect that there would be always the risk on losing money and speaking about being worth then of course it would really be worth if

you do able to have a good grasps on it and as mentioned this would involved or determined about effort and time spent and the decisions you would be making.This might sounds simple but actually not.
This isnt something that everybody could able to get engage without any hardship which we know that its impossible

If we do tend to look on how big the community is or simply the market then you could really tell about much involvement which does already shows
the probabilities on making money if you do it well.

[topman21]

Yes trading is really very valuable. But that precious must be made by you. There are many people who don't have any knowledge about trading but by trading they lose their funds and that's it Say trading platform is a very bad thing.I would not say that trading platforms are a very valuable thing. If you can trade by analyzing with your knowledge, you will definitely be able to take huge profits from there.

[Issa56]

I believe trading really worth it but since your brother is new to it, I think it's advisable not to resign from his work if he is having anyone, trading is not really easy the people think and I think not everybody can trade, I think nobody have the ability to trade, trading is not for the weak, you have to be emotionally stable and you should be able to do technical analysis. Trading is completely different from gambling if you are trading good coins, but if you are trading shit coins then you are gambling with your money and also make sure you select a reputable exchange when you want to trade.

[KingsDen]

Actually there's nothing in this crypto space that doesn't worth it or can't even a living. It is determined by the level of your involvement, determination and skill.
If he is so skilled and conversant with the charts and then has good funds. He is good to go while being patient and have good sense of risk management.

But if he wants to do my type, mediocre trader who only trades when he needs spare $10 to $20 to buy groceries, he wouldn't succeed.
Encourage him to go for it, everything is risk.

Everything that do involves investment or something talks about income then always expect that there would be always the risk on losing money and speaking about being worth then of course it would really be worth if

you do able to have a good grasps on it and as mentioned this would involved or determined about effort and time spent and the decisions you would be making.This might sounds simple but actually not.
This isnt something that everybody could able to get engage without any hardship which we know that its impossible

If we do tend to look on how big the community is or simply the market then you could really tell about much involvement which does already shows
the probabilities on making money if you do it well.

It sounds simple but it's actually not. Commitment is not something that is so simple. It takes time, resources and hardwork. I have seen people who depend largely on only trading to earn a living. I have tried that part but it didn't work for me. I don't think I have that mind to get going in crypto trading. Anytime I place a trade, I would like to always watch the screen even when I use stop loss. If I don't watch my screen, my mind won't go off the trade till it ends.

I weighed it and understood that it was affecting my wellbeing and peace of mind, so I decided to be trading just occasionally.

[fauzan Ichsan]

trade will give us glory. but with a note there is something we have to master to get to that. many novice traders who just want to find success instantly and when they experience bad things, they actually get discouraged. with emotional control, and having good analytical and money management skills, will certainly make a trader reach the peak, but all of that requires repeated training.

[adzino]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

I doubt you can do this "job" for a living. Trading is risky. There is not guarantee that you will be making profit every day or month. There might be months where you lose money. You won't be able to pay your bills if you lose money, will you?
Get a job that will pay you to help pay your bills and trade coins as a side hustle.

[blockman]

From my own experience, I can say that trading is a very suitable option for work. With the right approach to work, this can be not only a good start, but also a good way to earn money in general.

If someone wants to do it full time and wants to treat it as their work, it's really viable. I've got to know people personally that are having their daily living through trading, not just in crypto. But it's not as easy as we say because there's a tough process and it will take time depending on how you can be good at it. Enduring all of those beginning losses will be very vital and that will determine you if you still want to pursue it as a career but the good approach is that, it's good as a side hustle.

[Nrcewker]

From my own experience, I can say that trading is a very suitable option for work. With the right approach to work, this can be not only a good start, but also a good way to earn money in general.

It’s not as easy as you have written or mentioned here mate.
You forgot to mention that it’s also that much easy to lose your money if you lack proper knowledge.
Trading is risky, and yes it gives profit, I mean what things doesn’t come with risks?
So yes if OP is capable of taking risks, then yes trading can be great source of income for him.
With proper know and information trading can be uses to earn money and it’s completely worth to do it so.

[wagmi]

Can I have a precise and constructive answer on whether trading is really worth spending time on?

Trading is huge risk and we can lose tons of money. Of course, we can also make money, it's 50 percent chance.
However, I would not gamble because we can make much more by HODL.

Bitcoin is designed as a store of value because it is limited in supply. Only 21M BTC.
It's a real deal because we can always own a certain percentage of BTC's network balance. We just need to HODL.
No inflation, no new coins mined.

We should also be aware of lost coins, making BTC scarcer.
No need to make risky trades.
Just HODL.

[cryptosize]

Can I have a precise and constructive answer on whether trading is really worth spending time on?

Trading is huge risk and we can lose tons of money. Of course, we can also make money, it's 50 percent chance.
However, I would not gamble because we can make much more by HODL.

Bitcoin is designed as a store of value because it is limited in supply. Only 21M BTC.
It's a real deal because we can always own a certain percentage of BTC's network balance. We just need to HODL.
No inflation, no new coins mined.

We should also be aware of lost coins, making BTC scarcer.
No need to make risky trades.
Just HODL.

Yeap:

https://twitter.com/BitcoinCarl_/status/1548333464767778817

[LastKiss]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

Actually yes but as always it's not simple like that since many things that you need to know about trading and many things you need to learn about trading. Trading won't give you a steady income and have a risk in it but when you have a stable job it will give you a steady income and maybe trading can be your side income tho.

[GeorgeJohn]

From my own experience, I can say that trading is a very suitable option for work. With the right approach to work, this can be not only a good start, but also a good way to earn money in general.

Threading have advantages and disadvantages which is very obvious to people who is a crypto trader I understand
Trading from two different perspective which occurs as a result of losing and gaining. So for this two basic things I understand Reading is what makes me not to come in conclusion that's the trading is the shortest way or his the best way to make money in cryptocurrency. With crypto trading you can lost whatever thing you have within the period and you can also gain within a shorter period. So trading is not nice move when you don't know the rudiments of trading.

[Mpamaegbu]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

Your brother is choosing a great career path and I think you should encourage him.

Trading is highly dignified. In my country Nigeria, there's a sense of respect for those who live on trading and it's little wonder there are high profile traders in the country. Genuine traders, I mean.

Yes, there are a great number of profitable traders who don't do anything else but trade. They make a kill of it. The only problem with trading is that many who go into it don't properly equip themselves with the requisite knowledge and skills for it and they get burnt. They think it's a shortcut to easy wealth but it's not. It requires time, patience and practice to succeed at it. Have a handle on trading, learn it like a professional course by spending time on it; even years like scholars do at college.

One of the positives of trading is that one can trade from anywhere in the world provided there's internet connectivity to one's device. Trading allows one free time and movement while pilling it up with financial freedom.

[milewilda]

From my own experience, I can say that trading is a very suitable option for work. With the right approach to work, this can be not only a good start, but also a good way to earn money in general.

Threading have advantages and disadvantages which is very obvious to people who is a crypto trader I understand
Trading from two different perspective which occurs as a result of losing and gaining. So for this two basic things I understand Reading is what makes me not to come in conclusion that's the trading is the shortest way or his the best way to make money in cryptocurrency. With crypto trading you can lost whatever thing you have within the period and you can also gain within a shorter period. So trading is not nice move when you don't know the rudiments of trading.

Would really be having two possible outcomes whether you would lose or win which would be entirely be depending on what you are doing and the knowledge you do have on trading since not all
would really be that good able to handle and learn everything up towards it. Trading is worthy if you do able to take a good grasps or handle on it but of course it would really be involving lots of
trial and error before you could really make yourself profitable and be sure that you do really mold yourself and improve not only on your analysis but also with your emotional aspect as well
specially on a very volatile market like this then you cant really that able to predict on where prices could potentially go.You should really be that versatile on whatever situation you might
able to face off.

[GeorgeJohn]

From my own experience, I can say that trading is a very suitable option for work. With the right approach to work, this can be not only a good start, but also a good way to earn money in general.

Threading have advantages and disadvantages which is very obvious to people who is a crypto trader I understand
Trading from two different perspective which occurs as a result of losing and gaining. So for this two basic things I understand Reading is what makes me not to come in conclusion that's the trading is the shortest way or his the best way to make money in cryptocurrency. With crypto trading you can lost whatever thing you have within the period and you can also gain within a shorter period. So trading is not nice move when you don't know the rudiments of trading.

Would really be having two possible outcomes whether you would lose or win which would be entirely be depending on what you are doing and the knowledge you do have on trading since not all
would really be that good able to handle and learn everything up towards it. Trading is worthy if you do able to take a good grasps or handle on it but of course it would really be involving lots of
trial and error before you could really make yourself profitable and be sure that you do really mold yourself and improve not only on your analysis but also with your emotional aspect as well
specially on a very volatile market like this then you cant really that able to predict on where prices could potentially go.You should really be that versatile on whatever situation you might
able to face off.

Trading is business of personal concerned, because when you lose it base on your detriment, and it's something you learn and understand before adventuring into it properly. I believe that cryptocurrency trading required many steps of understanding and wisdom before you can be excel into cryptocurrency, i believe that cryptocurrency trading required good foundation which needs proper attention so that you can not missed ou.

[bitgov]

Trading is business of personal concerned, because when you lose it base on your detriment, and it's something you learn and understand before adventuring into it properly. I believe that cryptocurrency trading required many steps of understanding and wisdom before you can be excel into cryptocurrency, i believe that cryptocurrency trading required good foundation which needs proper attention so that you can not missed ou.

Trading is not everyone's cup of tea. Neither is gambling.
But gambling is a short of luck likewise trading is. But only those who are sharp at mind can do trading - one have to make quick decisions while trading.

[GeraldTucker]

It can help you make money, for sure. But is it ideal for you or not is the question. Do you have the skills? Do you have a strategy? Can you control emotions? There is no definite answer

[dunfida]

It can help you make money, for sure. But is it ideal for you or not is the question. Do you have the skills? Do you have a strategy? Can you control emotions? There is no definite answer

So in able to find out then it would be basically needing for you to engage and deal with it personally and find it for yourself whether you do have those qualities or factors for you to deal of with trading.

Sooner or later you would able to find out if its really worth or not on your time and money or investment that had been spent but i would tell you this that it is really worth if you do have able to get a good hold of it.

It is worth it but for someone who are just still starting then dont expect that this is something simple or easy for you to deal or start of with.Stick with the basics and learn from those errors and mistakes you've
done which its an inevitable because you wont really make yourself progress or even more better if you wont experience these inevitable things.

[savetheFORUM]

Crypto trading here in this industry is really tested for us to make money, you always have to have an idea or knowledge and you know you have to analyze when the possible decrease and increase in the price of the token you have, so you know when you should buy and sell so you can make a profit. Then buying at a low price and selling at a high price is also very proven and many people make money with this method. Just let me repeat you know you should analyze the price movement on the chart graph on an exchange site platform.

Trading is most times seen as the alternative for holding, because not very many persons have the patience and ability to hold on to a certain or particular token for long. Given how complicated the market, price actions and charts could be to them, they prefer involving themselves in the instant trading which is also profit oriented for them than wait on the market to recover from bear or pull from it’s bullishness.

[Hamphser]

Crypto trading here in this industry is really tested for us to make money, you always have to have an idea or knowledge and you know you have to analyze when the possible decrease and increase in the price of the token you have, so you know when you should buy and sell so you can make a profit. Then buying at a low price and selling at a high price is also very proven and many people make money with this method. Just let me repeat you know you should analyze the price movement on the chart graph on an exchange site platform.

Trading is most times seen as the alternative for holding, because not very many persons have the patience and ability to hold on to a certain or particular token for long. Given how complicated the market, price actions and charts could be to them, they prefer involving themselves in the instant trading which is also profit oriented for them than wait on the market to recover from bear or pull from it’s bullishness.

You would really be ending up on holding with having two possible reasons whether you are having the plans on making yourself for long term profits thats why you've been holding or you do end up on being a holder

just because you had entered the high price where the market do make out correction? These are the common scenarios on why people do end up on being a holder if they do really have experience these things.
Asking out if Trading is worth it? Yes for course but we should know that there are different type of trading which some do even make out some generalization about buying low and selling high concept
which is a fact but execution and duration might really vary and this is where people do see make out some differences in between their actions basing on their preference and point of view.

[bitgov]

just because you had entered the high price where the market do make out correction? These are the common scenarios on why people do end up on being a holder if they do really have experience these things.
Asking out if Trading is worth it? Yes for course but we should know that there are different type of trading which some do even make out some generalization about buying low and selling high concept
which is a fact but execution and duration might really vary and this is where people do see make out some differences in between their actions basing on their preference and point of view.

If someone is particular about something - they get it.
Half will and half struggle is not the solution of any problem - everything is worth a try if you do it with full intention.

[LUCKMCFLY]

At this time, in my personal opinion, I have no idea what could happen in the market, for me a part of me tells me that the danger of the btc continuing to fall has already passed, but the bad thing is that when you turn on the TV and you you look at the news, you see that some countries are in serious economic inflation, and according to experts and economists they say that it may be because the strongest currency in the world, like the dollar, is falling, and is going into recession, the euro has notably lowered, then these things put in alarm at night such important movements but rather take refuge in gold.

[NicNacCoin]

Yes trading is really very valuable.  If you understand trading well then surely trading will be of great value to you.And trading is never very valuable to those who have no knowledge about trading.Because they don't understand and analyze and trade and take losses, they think the training platform is very bad.But trading is very valuable for those who have good knowledge of trading and can do analysis.

[rojan]

Yes trading is really very valuable.  If you understand trading well then surely trading will be of great value to you.And trading is never very valuable to those who have no knowledge about trading.Because they don't understand and analyze and trade and take losses, they think the training platform is very bad.But trading is very valuable for those who have good knowledge of trading and can do analysis.

I think you are right if one understands trading then it is very easy for him and if one does not understand it is very difficult for him if one understands trading he will gain and if one does not understand trading he will only lose I think trading  It is better to do it with understanding and if you trade without understanding you will face a lot of losses I think those who are new with good knowledge about trading then trading here they can profit from here

[wagmi]

I think you are right if one understands trading then it is very easy for him and if one does not understand it is very difficult for him if one understands trading

It is not possible to "understand" trading, as it's only based on luck, bro. It's 50 percent chance.
People will lose huge sums of money because nobody can predict crypto markets. Do you known, where Bitcoin's price will be tomorrow or next week? Nobody knows.
Because if, such people would be rich already.

Only prediction is long term and Bitcoin will go up because it is a store of value.
Bitcoin is scarce because it is capped. No inflation, no new coins mined.

= value will go up per coin. 

No need to make risky trades.

wagmi

[bitgov]

I think you are right if one understands trading then it is very easy for him and if one does not understand it is very difficult for him if one understands trading

It is not possible to "understand" trading, as it's only based on luck, bro. It's 50 percent chance.
People will lose huge sums of money because nobody can predict crypto markets. Do you known, where Bitcoin's price will be tomorrow or next week? Nobody knows.
Because if, such people would be rich already.

Only prediction is long term and Bitcoin will go up because it is a store of value.
Bitcoin is scarce because it is capped. No inflation, no new coins mined.

= value will go up per coin.  

No need to make risky trades.

wagmi

...I think everything is worth doing - unless it is done right way.
Trading too has pros and cons - some people are very good in trading but there is too much mind game involved. So one should be very active.

[gabbie2010]

It can help you make money, for sure. But is it ideal for you or not is the question. Do you have the skills? Do you have a strategy? Can you control emotions? There is no definite answer

The first priority of becoming a trader is to learn the skill without any skill such a trader is bound to lose, of course a trader can earn a living as a full time trader, however this comes with a lot of experience in both technically and fundamental analysis including long hours of charting time plus control of emotion while trading with a strategy, there are good numbers of traders who trade for a living and earning decent money consistently, I think the OP needed to educate his brother to follow all the necessary procedure and learning paths towards becoming a successful trader and risk attach to it.

[Xampeuu]

It can help you make money, for sure. But is it ideal for you or not is the question. Do you have the skills? Do you have a strategy? Can you control emotions? There is no definite answer

The first priority of becoming a trader is to learn the skill without any skill such a trader is bound to lose, of course a trader can earn a living as a full time trader, however this comes with a lot of experience in both technically and fundamental analysis including long hours of charting time plus control of emotion while trading with a strategy, there are good numbers of traders who trade for a living and earning decent money consistently, I think the OP needed to educate his brother to follow all the necessary procedure and learning paths towards becoming a successful trader and risk attach to it.

experience is the best teacher to find trading techniques that suit us. it looks easy, but will be able to find out the difficulty if we are already trading in real. and it's our job to correct mistakes in trading until it becomes an experience. Of course, there will be complex problems that must be solved, so that it requires heavy steps before gaining glory in the world of trading, Of course, from natural selection like this, fewer traders will succeed in overcoming obstacles, and more of them will fail, with the biggest problem being their own psychological control.

[Zilon]

Trading is lucrative if patience and emotional control is at its maximum priority. No strategy is 100% guaranteed be it technical or fundamental. The only advantage this analysis provide is prices tends to repeat this patterns often times in the market so traders tries to make their speculations around this price formations. SO far many people have made millions of dollars from trading and more are still counting. If he has the passion to trade you support him but he should be told the risk involved

[Newlifebtc]

Trading is a strategist and I believe that trading is something that when you look very well you understand that without being serious into it you can not be able to make it because threading need a lot of concentration and the a lot of how in order to make it I believe driving ban come into different aspects so when you are not concentrated towards it it is obvious that all what you generate we walked away

[Finestream]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

Trading can be very risky since you can lose all your funds with just a single wrong move. However, if you have the skills in making good market analysis  and you know the right time to buy and sell, trading will always be profitable on your part. In fact, a lot of millionaires were made from trading, but always know that they have lose a huge amount first before they end up making a fortune. Everyone started from a scratch, but as long as they are motivated to learn and have great passion in trading, there’s less chances that they will fail in trading.

[Sanitough]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

There won't be professional traders in the market if their job is not profitable in the first place. For them, trading is definitely worth it. But for others who have no clear passion in trading, and only sees it as another form of gambling, trading is certainly not real and not worth it. Sometimes, what we think the small things and the most underestimated is what brings the fortune for others.

[Vaculin]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

If your brother is fully convinced that trading will definitely sustain his daily needs, then maybe he has seen a lot of traders with huge success or he believes in himself that trading will bring a lot of profits in his life. You should support him instead, than discouraging him all the time because you think trading is not worth doing. Yes, trading will always bring losses for traders as its always inevitable, but for those who have developed their skills and proven strategies in trading, its certain that they will be taking advantage on the marke.

[Lanatsa]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

If your brother is fully convinced that trading will definitely sustain his daily needs, then maybe he has seen a lot of traders with huge success or he believes in himself that trading will bring a lot of profits in his life. You should support him instead, than discouraging him all the time because you think trading is not worth doing. Yes, trading will always bring losses for traders as its always inevitable, but for those who have developed their skills and proven strategies in trading, its certain that they will be taking advantage on the marke.

Dont discourage but instead you should really tell him about the cons and pros of this market which it would really make him at least aware on the possible things that he might encounter ahead and wont really be ending

up on becoming too reactive or impulsive since he's already aware on possible things that he might encounter.Learning trading wont really be that easy and wont really be just involving a short span of time which means

that you could really make yourself effective into this market but that wont really be simple as it sounds.Trading is worth it if you could able to make yourself sustain and just like on what others been saying that this isnt for everyone which even if you do see that other people are making profits but you dont know on how long they've been dealing off with this market before they could able to handle it out.

[blockman]

Trading is lucrative if patience and emotional control is at its maximum priority. No strategy is 100% guaranteed be it technical or fundamental. The only advantage this analysis provide is prices tends to repeat this patterns often times in the market so traders tries to make their speculations around this price formations. SO far many people have made millions of dollars from trading and more are still counting. If he has the passion to trade you support him but he should be told the risk involved

It is lucrative for those that have been doing it all days of their lives but it's not for everyone. We may see the best success stories from those traders but we can fairly say that many of them are losing more than what they're showing to the public with their wins.
I don't want to overhype trading because it could misled a newbie and that's what they usually base their decisions upon seeing others winning their trades.

[Quidat]

Trading is lucrative if patience and emotional control is at its maximum priority. No strategy is 100% guaranteed be it technical or fundamental. The only advantage this analysis provide is prices tends to repeat this patterns often times in the market so traders tries to make their speculations around this price formations. SO far many people have made millions of dollars from trading and more are still counting. If he has the passion to trade you support him but he should be told the risk involved

It is lucrative for those that have been doing it all days of their lives but it's not for everyone. We may see the best success stories from those traders but we can fairly say that many of them are losing more than what they're showing to the public with their wins.
I don't want to overhype trading because it could misled a newbie and that's what they usually base their decisions upon seeing others winning their trades.

Normal thing that you would really be somewhat proud of to share when you do have winning trades and its true that losses would really be more than on what you had earned
which means that we dont know the story behind on how much losses they had experienced in the past before they do able to reach out the condition on where they are profitable.
Trading is worth it but this isnt something simple that anyone could make out profits directly thats why you should not really hype yourself into something which cant
really be that easy to deal with and does really take lots of time and effort before you could reach out such condition.

[blockman]

It is lucrative for those that have been doing it all days of their lives but it's not for everyone. We may see the best success stories from those traders but we can fairly say that many of them are losing more than what they're showing to the public with their wins.
I don't want to overhype trading because it could misled a newbie and that's what they usually base their decisions upon seeing others winning their trades.

Normal thing that you would really be somewhat proud of to share when you do have winning trades and its true that losses would really be more than on what you had earned
which means that we dont know the story behind on how much losses they had experienced in the past before they do able to reach out the condition on where they are profitable.
Trading is worth it but this isnt something simple that anyone could make out profits directly thats why you should not really hype yourself into something which cant
really be that easy to deal with and does really take lots of time and effort before you could reach out such condition.

It's worth it and there's no doubt about that. But if you go ahead with the actual thing, it's harder than expected and that's why many are losing because they think that it's easy. There's the sensation of it being overhyped and there's no doubt as well that many have made money from it. Even I, but there's the wrong matter on it, like having the misconception that it's very easy to trade and you just have to learn this and that and you're good to go. There's more that the newbies need to learn before they get into successful trades unless luck is part of them with their first trades.

[Mahanton]

It is lucrative for those that have been doing it all days of their lives but it's not for everyone. We may see the best success stories from those traders but we can fairly say that many of them are losing more than what they're showing to the public with their wins.
I don't want to overhype trading because it could misled a newbie and that's what they usually base their decisions upon seeing others winning their trades.

Normal thing that you would really be somewhat proud of to share when you do have winning trades and its true that losses would really be more than on what you had earned
which means that we dont know the story behind on how much losses they had experienced in the past before they do able to reach out the condition on where they are profitable.
Trading is worth it but this isnt something simple that anyone could make out profits directly thats why you should not really hype yourself into something which cant
really be that easy to deal with and does really take lots of time and effort before you could reach out such condition.

It's worth it and there's no doubt about that. But if you go ahead with the actual thing, it's harder than expected and that's why many are losing because they think that it's easy. There's the sensation of it being overhyped and there's no doubt as well that many have made money from it. Even I, but there's the wrong matter on it, like having the misconception that it's very easy to trade and you just have to learn this and that and you're good to go. There's more that the newbies need to learn before they get into successful trades unless luck is part of them with their first trades.

People do end up on frustrated because this isnt how the things that they are anticipating earlier in regards with trading.Its true that lots believed that it was easy but on the time that they do experience for themselves then this is where they do realize that those things in mind is just wrong or misconception about it.Trading is worth it but its not for all people but wont really be that possible  for it to be easy or dealing with.
If you do know on how to deal with yourself within markets and able to make profits.Luck is also part but we know that strategy and analysis would be the main key on making yourself survive on a market
which is really too volatile.

[TelolettOm]

.....
People do end up on frustrated because this isnt how the things that they are anticipating earlier in regards with trading.....

Yes, they end up so frustrated when trading because the reality really doesn't meet expectations, moreover for newbies that have very high expectations of being richer very soon and quickly. Trading is not as simple as we are buying and selling. Trading crypto is complicated, there are so many things that must be learned. Moreover, it is not only about the knowledge that we have, but also our ability to control ourself during trading. Each element supports each other in trading. If you are falling to certain loss, this will lead you frustated and will not be worthy. But if you can learn from teh loss and make certain significant increase, trading can gve you worthier results. But once more, none is running always smoothly in this life.

[blockman]

It's worth it and there's no doubt about that. But if you go ahead with the actual thing, it's harder than expected and that's why many are losing because they think that it's easy. There's the sensation of it being overhyped and there's no doubt as well that many have made money from it. Even I, but there's the wrong matter on it, like having the misconception that it's very easy to trade and you just have to learn this and that and you're good to go. There's more that the newbies need to learn before they get into successful trades unless luck is part of them with their first trades.

People do end up on frustrated because this isnt how the things that they are anticipating earlier in regards with trading.Its true that lots believed that it was easy but on the time that they do experience for themselves then this is where they do realize that those things in mind is just wrong or misconception about it.Trading is worth it but its not for all people but wont really be that possible  for it to be easy or dealing with.
If you do know on how to deal with yourself within markets and able to make profits.Luck is also part but we know that strategy and analysis would be the main key on making yourself survive on a market
which is really too volatile.

If they will always anticipate something good within the market, they're overreacting to it and are not prepared to face the reality that it has got.  There are people that are for trading and there are those that are only for investing, there go the people that are for both of them.
The risk is quite high for being both but you know it's worth it when you feel nothing when the market is shaking. And that's the new aspiring traders needed to see why the successful traders keep on going on even though the market isn't that good sometimes.

[Joswa Russell]

Done with the right mindset and hard work, trading can be profitable. But whether it is profitable for you is the question. We all have different financial goals. And trading requires hard work. Are you ready to put in the work? Do you have a trading capital? Have a knowledge of all these before beginning trading. This will help you trade with proper planning.

[bitgov]

Done with the right mindset and hard work, trading can be profitable. But whether it is profitable for you is the question. We all have different financial goals. And trading requires hard work. Are you ready to put in the work? Do you have a trading capital? Have a knowledge of all these before beginning trading. This will help you trade with proper planning.

Everything is worth doing - if it is done with good intention and not to harm other person - many people drag people into their evil mind games.
I remember once a colleague of mine tried to drag me into the trading - and wanted me to invest for him, and he will take care of my money. Thank God I came out of it. Later we got to know that he was not even aware of ABC of trading but he used to pull money out of people's pocket. And disappear.

[TheUltraElite]

Trading is at maximum a side hustle. It cannot be a job because of the speculative nature and the uncertainties associated with it. This applies to all types of trading.

So if a family member is willing to get into it, explain the same to them and tell them that it cannot be their main job. The main job should be one with a fixed income every month or so.

The technical analysis is pseudoscience and only correct at times. It is better used to predict rather than take decisions. Otherwise everyone doing TA would have been a millionaire already.

[bitgov]

Trading is at maximum a side hustle. It cannot be a job because of the speculative nature and the uncertainties associated with it. This applies to all types of trading.

So if a family member is willing to get into it, explain the same to them and tell them that it cannot be their main job. The main job should be one with a fixed income every month or so.

The technical analysis is pseudoscience and only correct at times. It is better used to predict rather than take decisions. Otherwise everyone doing TA would have been a millionaire already.

SOmetime -  people are too fed up of jobs that they quit their low salaried job and work to benifit themself through trading and freelancing
I worked for approx 15 years but now I tired of working for others.

[LUCKMCFLY]

From my own experience, I can say that trading is a very suitable option for work. With the right approach to work, this can be not only a good start, but also a good way to earn money in general.

Threading have advantages and disadvantages which is very obvious to people who is a crypto trader I understand
Trading from two different perspective which occurs as a result of losing and gaining. So for this two basic things I understand Reading is what makes me not to come in conclusion that's the trading is the shortest way or his the best way to make money in cryptocurrency. With crypto trading you can lost whatever thing you have within the period and you can also gain within a shorter period. So trading is not nice move when you don't know the rudiments of trading.

At this time in the market I cannot operate, because I simply have no idea what can happen, I have taken to studying other options, such as the use of bots or perhaps the so-called copy trading, but I think I do not do it, it is not for lack of knowledge, but because never before has it been faced with events like the ones we are experiencing now, danger of nuclear war, pandemic, possible fall of the world economy, in reality it is not known what can happen and if it will happen, I think those are the reasons why I don't risk operating.

[Fakhrulenclix]

Trading is at maximum a side hustle. It cannot be a job because of the speculative nature and the uncertainties associated with it. This applies to all types of trading.

So if a family member is willing to get into it, explain the same to them and tell them that it cannot be their main job. The main job should be one with a fixed income every month or so.

The technical analysis is pseudoscience and only correct at times. It is better used to predict rather than take decisions. Otherwise everyone doing TA would have been a millionaire already.

SOmetime -  people are too fed up of jobs that they quit their low salaried job and work to benifit themself through trading and freelancing
I worked for approx 15 years but now I tired of working for others.

many people are bored with real life work, so am I but I don't take too much risk by leaving it and focusing on trading.
Crypto trading is very risky in my opinion even though it is very wort it but there are many things to consider because we don't know for sure when the loss will come so I anticipate it by choosing to keep working in my real life for the cost of my life, I think it's better . work in real life and keep trading for more money without having to take excessive risks.

[AnonBitCoiner]

Trading can give you profit but sometimes it may cause loss because in every field there is always some kind of losses with success. There is no such a field in which you will continuously win. But remember that trading requires expertise and knowledge that will make you successful in future because if you have no knowledge about something the you will definitely loss your profit so think and know before selecting something.

[virasisog]

Trading can give you profit but sometimes it may cause loss because in every field there is always some kind of losses with success. There is no such a field in which you will continuously win. But remember that trading requires expertise and knowledge that will make you successful in future because if you have no knowledge about something then you will definitely loss your profit so think and know before selecting something.

There's no such thing as perfect trading at the beginning of our trading journey. We will experience losses no matter how we try to avoid them but there's still a good thing about that. We could hold those failed experiences as our lesson so we could grow as traders because it's really a long process of learning. We can't be successful in trading without experiencing losses as part of it.

[sana54210]

Done with the right mindset and hard work, trading can be profitable. But whether it is profitable for you is the question. We all have different financial goals. And trading requires hard work. Are you ready to put in the work? Do you have a trading capital? Have a knowledge of all these before beginning trading. This will help you trade with proper planning.

Everything you said and then you need to be honest to yourself because trading isn't meant for everyone and some people don't realize that. No matter how hard you try certain things aren't made for everyone and I'm not saying one is a born trader because no one is, but there are some qualities that can make you a successful trader. You may consider an example; no matter how hard a fish tries, but cannot fly and no matter how hard a monkey tries, he cannot swim.

Give it some time and if things are working out well, continue, else just quit. Another important thing when trading is to ensure you are not making the same mistakes repeatedly because that is a clear sign of you not learning everything. I was almost addicted to meme coins a year ago or so and would wonder why I was losing money but after a while, I realized and rectified it.

[Viscore]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

Trading will mostly fall into complete gambling if you only see it as another rich-quick scheme. While gamblers have the greed for money, traders are more on passion and skills, and good strategies that will give them future profits. Although the end part is still to gain a living, but the process are different. And most likely, trading with skills and proven strategies will never go into waste and will always bring huge profits in the table.

[freedomgo]

Taking trading as job can't go well for everyone,  especially newbies who don't have experience about trading . But as far those who have been into trading for a while,  with their experience and skill it is possible to consider trading as a job. No matter how good one can be in trading it very risky to consider trading to be a job, trading is always unpredictable that one can't tell what trading out come will be( loss or gain). It is better to get another source of income and make trading a second hustle.

If you want more security in your life, trading as your only source of living will most likely to be very risky as everything in trading is always unpredictable. Even professional traders still lose in trading, so how much more for amateurs? Mate, if you are a family man, go get another stable job that will sustain your family basic needs. Trading is good and profitable, but it does not guarantee sure profits most of the time.

[FanEagle]

Trading can give you profit but sometimes it may cause loss because in every field there is always some kind of losses with success. There is no such a field in which you will continuously win. But remember that trading requires expertise and knowledge that will make you successful in future because if you have no knowledge about something the you will definitely loss your profit so think and know before selecting something.

I personally feel like persistence is the key to successful crypto trading. The market is so volatile that sometimes we forget that value lies in utility and persistence will most likely pay off although sometimes holding for too long can be dangerous as well. People consider crypto trading as a quick means of making money but that's not true because even something as volatile as crypto trading requires some level of analysis and patience.

Ask yourself a few questions and continue if the answer is yes:

1- Are you able to give it time just like you would to any other business/service?
2- Do you have the time required to learn the basics?
3- Most importantly, do you have some spare funds to trade and learn because you will face loss initially and might never recover.

[FlamingFingers]

Trading can give you profit but sometimes it may cause loss because in every field there is always some kind of losses with success. There is no such a field in which you will continuously win. But remember that trading requires expertise and knowledge that will make you successful in future because if you have no knowledge about something the you will definitely loss your profit so think and know before selecting something.

one of the reasons why people do as the question that OP had asked is due to the fact that they either don't do research before trading and they don't learn the basics etiquette, if there is no knowledge before trading its simply gambling. There ought to be a plan, either weekly or monthly goals, it's not that possible to always win a trade every day, sometimes its better not to trade either a day or two, trading really worth it in as much as you do your research thoroughly and invest what you can afford to lose don't let emotions get over you

[Fatunad]

Trading can give you profit but sometimes it may cause loss because in every field there is always some kind of losses with success. There is no such a field in which you will continuously win. But remember that trading requires expertise and knowledge that will make you successful in future because if you have no knowledge about something the you will definitely loss your profit so think and know before selecting something.

one of the reasons why people do as the question that OP had asked is due to the fact that they either don't do research before trading and they don't learn the basics etiquette, if there is no knowledge before trading its simply gambling. There ought to be a plan, either weekly or monthly goals, it's not that possible to always win a trade every day, sometimes its better not to trade either a day or two, trading really worth it in as much as you do your research thoroughly and invest what you can afford to lose don't let emotions get over you

Anything which does require knowledge and skills and then you do decide to make out some engagement or involvement then it would really be considered as gambling.People do really look
or find out trading to be an easy way to make yourself rich which is possible but when you are on the actual situation then this is where real thing happen begins.
Trading is worth but this is something that you cant really handle out easily without proper time and effort that had been made. You cant really just
dive in without having good or enough preparation because thats not how things works.

[Sanitough]

Done with the right mindset and hard work, trading can be profitable. But whether it is profitable for you is the question. We all have different financial goals. And trading requires hard work. Are you ready to put in the work? Do you have a trading capital? Have a knowledge of all these before beginning trading. This will help you trade with proper planning.

Everything is worth doing - if it is done with good intention and not to harm other person - many people drag people into their evil mind games.
I remember once a colleague of mine tried to drag me into the trading - and wanted me to invest for him, and he will take care of my money. Thank God I came out of it. Later we got to know that he was not even aware of ABC of trading but he used to pull money out of people's pocket. And disappear.

Everything that is done with passion and positivity will always be profitable in the long run. Although trading may simply look like gambling for others, but for good traders who definitely give their most of the time learning in trading and gaining experiences, that’s like their investment. And when trading starts to bring profits and prosperity in your part, trading has become worth doing.

[MCobian]

Done with the right mindset and hard work, trading can be profitable. But whether it is profitable for you is the question. We all have different financial goals. And trading requires hard work. Are you ready to put in the work? Do you have a trading capital? Have a knowledge of all these before beginning trading. This will help you trade with proper planning.

Everything is worth doing - if it is done with good intention and not to harm other person - many people drag people into their evil mind games.
I remember once a colleague of mine tried to drag me into the trading - and wanted me to invest for him, and he will take care of my money. Thank God I came out of it. Later we got to know that he was not even aware of ABC of trading but he used to pull money out of people's pocket. And disappear.

Everything that is done with passion and positivity will always be profitable in the long run. Although trading may simply look like gambling for others, but for good traders who definitely give their most of the time learning in trading and gaining experiences, that’s like their investment. And when trading starts to bring profits and prosperity in your part, trading has become worth doing.

Actually, quite a lot of people have proven that trading is very feasible and a good source of income. Even my own friends have become rich
because they are focused and serious about trading. But it all depends on ourselves who will make the trade, as you said as long as we do it
positively, we should be able to make a profit from trading. And if we have managed to make a profit from trading, of course trading becomes
worth doing. So if we want to be successful traders, and make trading something worth doing, we have to take trading seriously. This means
that we prepare everything well when trading, starting from preparing capital for trading and also our readiness to trade.

[Jatiluhung]

I have a friend. he was the one who introduced me to the crypto world.
he is the one who supports his family from the daily trading results. he's a scalper. and as far as I can see his life seems well off.

but he never told me that not everyone can do it. especially for a beginner. then he will suffer a lot of loss. not because of high fluctuations. but because the emotions of a beginner are difficult to control. he said that psychological control will only be formed when experienced. because experience is what makes it. so he didn't even suggest me to follow him as a day trader who made his main job. unless it is only used as a sideline with a set time so that it is not too long.

and I wanted to quit my job because I wanted to become a day trader. but i didn't get out. because it turns out that for a beginner like me it is very difficult to get used to market conditions which are quite draining on the mind and emotions.

but seeing my friend who is a day trader, trading seems easy. and it actually buys at the bottom and sells at the top. Market analysis can be studied anywhere. and read in many places in cyberspace. but emotional control will only be formed by itself by the experience gained.
that's a saying I got from my friend who is a day trader. and he made day trading his main job. but he didn't recommend anyone to follow him. unless the person is really experienced in dealing with market situations. and market analysis is also of course the most basic thing. and the most difficult is controlling emotions and greed.

[tippytoes]

I have a friend. he was the one who introduced me to the crypto world.
he is the one who supports his family from the daily trading results. he's a scalper. and as far as I can see his life seems well off.

but he never told me that not everyone can do it. especially for a beginner. then he will suffer a lot of loss. not because of high fluctuations. but because the emotions of a beginner are difficult to control. he said that psychological control will only be formed when experienced. because experience is what makes it. so he didn't even suggest me to follow him as a day trader who made his main job. unless it is only used as a sideline with a set time so that it is not too long.

and I wanted to quit my job because I wanted to become a day trader. but i didn't get out. because it turns out that for a beginner like me it is very difficult to get used to market conditions which are quite draining on the mind and emotions.

but seeing my friend who is a day trader, trading seems easy. and it actually buys at the bottom and sells at the top. Market analysis can be studied anywhere. and read in many places in cyberspace. but emotional control will only be formed by itself by the experience gained.
that's a saying I got from my friend who is a day trader. and he made day trading his main job. but he didn't recommend anyone to follow him. unless the person is really experienced in dealing with market situations. and market analysis is also of course the most basic thing. and the most difficult is controlling emotions and greed.

I can appreciate what your friend is telling you. At least he is honest that this is not for everyone. Maybe, he already formed his strategies and very familiar with the market, so he can earn profits even as scalper or day trader. If you are new to trading and you only have small bankroll, for sure, emotions will be a part of your journey. And that is hard to control if you only have small funds and some of it are necessary to your living.
I think, if someone is just starting in trading. Don't quit your job yet, try with small funds in trading and learn the ropes. Once you get the grasp of it and you are already starting to earn, then, think if you can increase your budget. You can only quit your regular job if you are confident with your trading results.

[GelatikKembar]

Definitely worth it!, because if you only hold altcoins or bitcoins,
of course you will experience frustration and you can lose your capital because holding altcoins or cryptocurrencies is too long,
especially now that many altcoins are down 90% of their ATH, more good trade right?

[rojan]

From my own experience, I can say that trading is a very suitable option for work. With the right approach to work, this can be not only a good start, but also a good way to earn money in general.

Threading have advantages and disadvantages which is very obvious to people who is a crypto trader I understand
Trading from two different perspective which occurs as a result of losing and gaining. So for this two basic things I understand Reading is what makes me not to come in conclusion that's the trading is the shortest way or his the best way to make money in cryptocurrency. With crypto trading you can lost whatever thing you have within the period and you can also gain within a shorter period. So trading is not nice move when you don't know the rudiments of trading.

At this time in the market I cannot operate, because I simply have no idea what can happen, I have taken to studying other options, such as the use of bots or perhaps the so-called copy trading, but I think I do not do it, it is not for lack of knowledge, but because never before has it been faced with events like the ones we are experiencing now, danger of nuclear war, pandemic, possible fall of the world economy, in reality it is not known what can happen and if it will happen, I think those are the reasons why I don't risk operating.

If you don't have good knowledge about something, it will be foolish to take maximum risk. Now the market situation will be very bad. If you go to take more risk, then you are likely to lose everything.  What I think is that you can buy some coins now if you want with advice from good experienced people.  Or if you want, you can increase your thinking by looking at the market now.  You can use it later. It is not good to do anything suddenly.

[kapalmabur]

From my own experience, I can say that trading is a very suitable option for work. With the right approach to work, this can be not only a good start, but also a good way to earn money in general.

Threading have advantages and disadvantages which is very obvious to people who is a crypto trader I understand
Trading from two different perspective which occurs as a result of losing and gaining. So for this two basic things I understand Reading is what makes me not to come in conclusion that's the trading is the shortest way or his the best way to make money in cryptocurrency. With crypto trading you can lost whatever thing you have within the period and you can also gain within a shorter period. So trading is not nice move when you don't know the rudiments of trading.

At this time in the market I cannot operate, because I simply have no idea what can happen, I have taken to studying other options, such as the use of bots or perhaps the so-called copy trading, but I think I do not do it, it is not for lack of knowledge, but because never before has it been faced with events like the ones we are experiencing now, danger of nuclear war, pandemic, possible fall of the world economy, in reality it is not known what can happen and if it will happen, I think those are the reasons why I don't risk operating.

If you don't have good knowledge about something, it will be foolish to take maximum risk. Now the market situation will be very bad. If you go to take more risk, then you are likely to lose everything.  What I think is that you can buy some coins now if you want with advice from good experienced people.  Or if you want, you can increase your thinking by looking at the market now.  You can use it later. It is not good to do anything suddenly.

When we don't know much about anything, I don't think it's wise to decide to take risks,
because as you said sooner or later it will make you lose everything so think carefully,
it's very important and hopefully they should realize how important it is to improve their thinking or knowledge

[kamvreto]

If you don't have good knowledge about something, it will be foolish to take maximum risk. Now the market situation will be very bad. If you go to take more risk, then you are likely to lose everything.  What I think is that you can buy some coins now if you want with advice from good experienced people.  Or if you want, you can increase your thinking by looking at the market now.  You can use it later. It is not good to do anything suddenly.

When we don't know much about anything, I don't think it's wise to decide to take risks,
because as you said sooner or later it will make you lose everything so think carefully,
it's very important and hopefully they should realize how important it is to improve their thinking or knowledge

it is very unwise to take risks without seeing one's own abilities. If you continue to force it, you will not gain but the losses that will come. trading will be totally worth it if you know the trading knowledge even if it's just the basics. It is not recommended for those who are still beginners to trade, because it is the same as gambling without knowing any risks and limitations. Improving thinking and knowledge about trading will be very important and will be the main advice for newbies who keep coming.

[Peanutswar]

Trading is worth it if you already invested your knowledge about the fundamentals of the training concept many traders always forgot the basics that's why they keep losing their trades. Also, knowledge is the best investment before getting into it because it takes a lot of ideas patterns, and candles before achieving the speculation into a trade, and make it is verified before making a position. Also budget is a must here and as a trader, we need to protect our money we experience some loss but in the end, we focus on the profit. If you are willing and make it a passion for sure it is easy to make a trade.

[bitgov]

Trading is worth it if you already invested your knowledge about the fundamentals of the training concept many traders always forgot the basics that's why they keep losing their trades. Also, knowledge is the best investment before getting into it because it takes a lot of ideas patterns, and candles before achieving the speculation into a trade, and make it is verified before making a position. Also budget is a must here and as a trader, we need to protect our money we experience some loss but in the end, we focus on the profit. If you are willing and make it a passion for sure it is easy to make a trade.

Everything is worth doing as long as they are beneficial and you are not harming anyone..Xox
People are always on the move to use people get the last penny out of their pocket. and then degrade them like they have done a big crime by helping them

[jossiel]

Everything is worth doing as long as they are beneficial and you are not harming anyone..Xox
People are always on the move to use people get the last penny out of their pocket. and then degrade them like they have done a big crime by helping them

It's all about trading and the only person that you can harm is yourself when you're tripping all over your trades. Because you'll be doing all of your trades and if you listen to the wrong people, the consequences will be all yours.

That's why it's worth it if you know how your going to improve and do all of your trades.

And it's not worth it if you're not learning from your mistakes and trades.

[Yawa2020]

I know that some people view trading as a risky endeavor, but I believe that as long as you're smart about it and don't let emotions get in the way, it can be a very lucrative way to make money.

Yet, this does not not dispute the fact that trading is not a risky endeavor. It's absolutely risky! Being smart is not a yardstick to guarantee your success in trading thou it contribute a little. Despite being lucrative, I don't see trading as a means of living (daily survival) since you're not the market controller and the system entirely is not reliable due to fluctuation nature.

[touseefahmad1999]

Brother it's totally depends upon on your trading strategies and how much your Time in involved in trading because you will experience when you take position in crypto and any stock market. My opinion you should see the market it's very volatile and you have must knowledge about trading, chart patterns, Lines then you can take the part of full time with trading.

[Newlifebtc]

Trading is worth it if you already invested your knowledge about the fundamentals of the training concept many traders always forgot the basics that's why they keep losing their trades. Also, knowledge is the best investment before getting into it because it takes a lot of ideas patterns, and candles before achieving the speculation into a trade, and make it is verified before making a position. Also budget is a must here and as a trader, we need to protect our money we experience some loss but in the end, we focus on the profit. If you are willing and make it a passion for sure it is easy to make a trade.

Everything is worth doing as long as they are beneficial and you are not harming anyone..Xox
People are always on the move to use people get the last penny out of their pocket. and then degrade them like they have done a big crime by helping them

Trading is one of the things that worth it during investment of cryptocurrency. Some people do not know the importance of driving because they did not study it and the phone no the way other people are doing for threading so then see the prophet some people make and the testify of their profit that is why some of them go into trading without studying the rules of trading in everything you are doing we have a master key to follow it and then when you are this informed of the master key he will not make it you will think that trading is did not worth it.

[bitgov]

Trading is worth it if you already invested your knowledge about the fundamentals of the training concept many traders always forgot the basics that's why they keep losing their trades. Also, knowledge is the best investment before getting into it because it takes a lot of ideas patterns, and candles before achieving the speculation into a trade, and make it is verified before making a position. Also budget is a must here and as a trader, we need to protect our money we experience some loss but in the end, we focus on the profit. If you are willing and make it a passion for sure it is easy to make a trade.

Everything is worth doing as long as they are beneficial and you are not harming anyone..Xox
People are always on the move to use people get the last penny out of their pocket. and then degrade them like they have done a big crime by helping them

Trading is one of the things that worth it during investment of cryptocurrency. Some people do not know the importance of driving because they did not study it and the phone no the way other people are doing for threading so then see the prophet some people make and the testify of their profit that is why some of them go into trading without studying the rules of trading in everything you are doing we have a master key to follow it and then when you are this informed of the master key he will not make it you will think that trading is did not worth it.

i like how you gave the example of learning driving on phone.
the is best example I read so far. I will keep quoting this all the time. Very impressive - that is the point - actually everyone wants to earn money online.
But how they can earn - they are not willing to learn it

[Lanatsa]

Trading is worth it if you already invested your knowledge about the fundamentals of the training concept many traders always forgot the basics that's why they keep losing their trades. Also, knowledge is the best investment before getting into it because it takes a lot of ideas patterns, and candles before achieving the speculation into a trade, and make it is verified before making a position. Also budget is a must here and as a trader, we need to protect our money we experience some loss but in the end, we focus on the profit. If you are willing and make it a passion for sure it is easy to make a trade.

Everything is worth doing as long as they are beneficial and you are not harming anyone..Xox
People are always on the move to use people get the last penny out of their pocket. and then degrade them like they have done a big crime by helping them

Trading is one of the things that worth it during investment of cryptocurrency. Some people do not know the importance of driving because they did not study it and the phone no the way other people are doing for threading so then see the prophet some people make and the testify of their profit that is why some of them go into trading without studying the rules of trading in everything you are doing we have a master key to follow it and then when you are this informed of the master key he will not make it you will think that trading is did not worth it.

i like how you gave the example of learning driving on phone.
the is best example I read so far. I will keep quoting this all the time. Very impressive - that is the point - actually everyone wants to earn money online.
But how they can earn - they are not willing to learn it

Everything should be learnt up because we dont start on being a professional directly or having that all knowing when it comes to things which means that we can be a noob on something that we havent discovered or

encountered before which it would really be depending on you whether you would be planning to learn it for some benefit or would simply skip out because it doesnt really fit your interest.So its up to you and asking

about trading to be worth it? Yes it is but expect that this isnt something simple that you could able to handle on first try thats why engagement will really needed and learning would come along the way.

[LUCKMCFLY]

Yes trading is really very valuable.  If you understand trading well then surely trading will be of great value to you.And trading is never very valuable to those who have no knowledge about trading.Because they don't understand and analyze and trade and take losses, they think the training platform is very bad.But trading is very valuable for those who have good knowledge of trading and can do analysis.

I think you are right if one understands trading then it is very easy for him and if one does not understand it is very difficult for him if one understands trading he will gain and if one does not understand trading he will only lose I think trading  It is better to do it with understanding and if you trade without understanding you will face a lot of losses I think those who are new with good knowledge about trading then trading here they can profit from here

There are many things that can influence the market, one is that you can have a lot of knowledge and at the same time you don't have how to act against the events that are happening in the world, however, only those who have more knowledge are the ones that better be clear about what is happening in the market, if we take into account how many times the world has dealt with this problem, of war, pandemic at the same time, it has never been, in fact in my personal opinion I have considered seek to trade through bots which, I have never done and I have also considered copy-trading, but I am still not convinced.

[maybukaspa]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

One thing for sure trading is really worth the time. But also trading requires knowledge so you need to learn all the candles, when to take profit and when to stop loss. Once you have some knowledge in trading i am so sure that it can give you everyday a profit, but always remind that there are some losses aswell so ready your emotions with that. My friend do trading full time and right now i can say he is financially secured.

And also buying low and sell high is one of the term that traders use for new traders, sounds easy but i swear its really more than what you think.

[Dr.Osh]

well, I also thought of such a thing long ago. what I conclude is, it may not be worth doing this work as the main livelihood. It would be great if you had other sources of money. other than that, it's not like "buy cheap and sell high". however, there is speculation and analysis behind it that makes trading complicated. however, this is the same as selling goods, when you buy goods without analysis, then you will never know whether the goods will be really needed or not, you can also get losses from that.
other than that, I think it will also be very difficult for people who are new to the world of trading. however, I might recommend looking for another job if this bothers you. I think only people who are able to take big risks or have an understanding of analysis and speculation will focus on trading. because of that, there are still quite a lot of people who get rich from this path

[Kadal Ijo]

The presence of cryptocurrencies now has become a job of many people, they with modest capital even some less than $ 1000 can trade quickly and certainly safe compared to more complicated forex trading, trading always has a risk to lose money, but many things we can learn traded to always be profitable.

[jaberwock]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

Interestingly people do not understand that not everyone trade for a long period of time without really liking it. Not saying that it will be something people would not need it, or not because of money, because we know it's all about that. But, we all know that it is not easy and it would take a while before anyone could "enjoy" it, even if they lose it.

Some people trade and they love it when they make a profit, but there are people who do not give up when they lose and work even harder to get it back and they study hard to learn how they could learn from their mistakes and become better. That is the type of people that will become a trader and for them it is fully worth it.

[virasisog]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

Interestingly people do not understand that not everyone trade for a long period of time without really liking it. Not saying that it will be something people would not need it, or not because of money, because we know it's all about that. But, we all know that it is not easy and it would take a while before anyone could "enjoy" it, even if they lose it.

Some people trade and they love it when they make a profit, but there are people who do not give up when they lose and work even harder to get it back and they study hard to learn how they could learn from their mistakes and become better. That is the type of people that will become a trader and for them it is fully worth it.

Trading will best suit those who literally like doing it. Some people trade just to earn profit and do trading even without enjoying it. As a result, they usually have huge losses because they are not able to handle their greed and emotions.
Those who love doing trading also have losses yet take their experience as a lesson and move forward to correct their mistakes. All in all, it's about having the right mindset toward trading. It could be considered as a job of those who love doing it and are ready to deal with its risks.

[dbundus]

Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.

I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.

You cannot have trading as an occupation. It isn't supposed to be an occupation. It is supposed to be a side income source, because it isn't guaranteed to always give you profit and you can make huge losses. However, when done well, it could make you much more money than your job or occupation really gives you. But I do not advise to take it as the main occupation you have.

[Altryist]

Some people trade and they love it when they make a profit, but there are people who do not give up when they lose and work even harder to get it back and they study hard to learn how they could learn from their mistakes and become better. That is the type of people that will become a trader and for them it is fully worth it.

If you fail to achieve good results, it is very important to learn from your mistakes, and not try to find some magical source from which you can get "dubious" advice. The main thing is not to rush, not to try to get rich quick, trading is not a very easy thing, but I believe that everyone who is capable of learning and has patience and good discipline is able to make a profit, maybe it will be small and unstable, but there is definitely such an opportunity.

[Russlenat]

Trading is at maximum a side hustle. It cannot be a job because of the speculative nature and the uncertainties associated with it. This applies to all types of trading.

So if a family member is willing to get into it, explain the same to them and tell them that it cannot be their main job. The main job should be one with a fixed income every month or so.

The technical analysis is pseudoscience and only correct at times. It is better used to predict rather than take decisions. Otherwise everyone doing TA would have been a millionaire already.

It cannot be a stable job but sometimes, the profits you get from it exceeds from your job’s income. But only professional traders can make it possible to happen, as newbies will only ruin and mess up in trading. However, seeing trading alone as your only source of income brings a lot of risks and uncertainties, so it’s better if you can have a good and stable job, and only makes trading as your second source of income.

[tippytoes]

Trading is at maximum a side hustle. It cannot be a job because of the speculative nature and the uncertainties associated with it. This applies to all types of trading.

So if a family member is willing to get into it, explain the same to them and tell them that it cannot be their main job. The main job should be one with a fixed income every month or so.

The technical analysis is pseudoscience and only correct at times. It is better used to predict rather than take decisions. Otherwise everyone doing TA would have been a millionaire already.

It cannot be a stable job but sometimes, the profits you get from it exceeds from your job’s income. But only professional traders can make it possible to happen, as newbies will only ruin and mess up in trading. However, seeing trading alone as your only source of income brings a lot of risks and uncertainties, so it’s better if you can have a good and stable job, and only makes trading as your second source of income.

That's a fair piece of advice. Because let us admit, even long-time traders can't assure their good profits. It is not everyday that they can earn decent profits to supplement their living. So yes, better not give up your job as your bread and butter, and just make your trading as another source of possible income. But if you feel you are doing good already in trading and you can let go your main job, why not?

[Munir575]

Trading is only worthwhile if you're committed to it and prepared to invest a lot of cash up front to build experience before realizing large profits down the road. It will take a while, and patience is something that is difficult to have if you are not really devoted to something.

[tbterryboy]

I know that some people view trading as a risky endeavor, but I believe that as long as you're smart about it and don't let emotions get in the way, it can be a very lucrative way to make money.

Yet, this does not not dispute the fact that trading is not a risky endeavor. It's absolutely risky! Being smart is not a yardstick to guarantee your success in trading thou it contribute a little. Despite being lucrative, I don't see trading as a means of living (daily survival) since you're not the market controller and the system entirely is not reliable due to fluctuation nature.

I do agree that just because you are smart or just because you are a veteran of trading doesn't mean that you will make a good profit. However, it increases the chances of you having a better result than anywhere else and that matters. I personally care about the fact that we shouldn't be doing anything that would risk it all, but if we know what we are doing then we could have 5 losses and 3 profits and the totals would be profiting.

Because, we would know which ones are better guaranteed and which ones are how much risky etc etc and that is why we would risk accordingly. That's what I really mean when veterans could still trade when it's risky because they know the risks.

[Bholutefe]

Well, Trading is such a very good source of income to people that knows and understands it best compared to novices that knows nothing about what trading is all about, Indeed trading is very lucrative when you understand the market buying and selling point zones. I can’t call trading gambling cos it is not. Some traders actually see trading as a gamble because they have no idea of what trading is all about, they are only guessing about the situation of trades either for a buy or sell. While real traders that understands the market situation and what trading is all about have acquired a lot of courses and trainings relating to trading to the best of their knowledge. Trading is not a day journey, it is a step by step procedure by understanding how the market situation affects trading from the bearest minimum to the top. Most importantly Trading requires patient, if you are always in an hurry to win, you might end up loosing all your money, it requires thorough calmness and enough patience. So many people went into trading because they are seeing others making a lot of money from trading, at the end of the journey they end up loosing all their money ,while trading doesn’t work that way.

[AsongJosh]

If trading is worth it, is a question that demands consideration of factors to be conclusive.

Well, yes it is! Some people have actually resigned from their paid job to focus on trading. Meanwhile, others see it as an additional source of passive income.  Having a fair knowledge of trading techniques and the needed capital, the question will have its answer.