Is trading really worth it?

[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.