Is trading really worth it?

[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.