Should trading be for the rich?

[BitcoinTurk]

There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?

As someone who started trading with a very low capital and then increased my capital steadily, I don't think and accept that an experienced trader cannot trade due to lack of money. Someone with really good experience can make money by trading regardless of the budget amount and increase their existing capital in this way.

For example, although it is quite difficult to earn regular income by trading let's assume that an individual is experienced and knowledgeable enough to earn 100% profit every month. This person may not be able to use 1,000 units of money to trade due to financial difficulties but if he/she uses 100 units of money depending on his/her financial situation, he/she will have 3,200 units of capital only if he/she earns 100% income regularly every month at the end of the sixth month. Yes, although this is something that seems theoretically possible unfortunately it may not be possible when implemented but when it is considered with this logic rather than directly it is possible to understand that a truly experienced and knowledgeable person can increase their capital in this way.

Of course, it may be a difficult process to create capital for oneself depending on one's financial situation or the economic conditions of the country in which one is located but as I mentioned after creating a small capital a truly experienced and successful trader can grow his/her capital in this way by earning small profit margins in the initial stages. I wrote this comment as someone who seriously increased his existing capital in this way and I think that anyone who is experienced and successful can achieve this.

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[Vaculin]

If trading is for the rich, then did you mean investing as well? If that's the case, then I should have pity those poor individuals who are capable to trade but don't have sufficient funds to finance trading. But thankfully, that is not the case. Trading is obviously both for rich and poor, but the more that you have gained adequate knowledge and honed skills and strategies for trading, the higher the advantage you will be successful in trading. Although being financially stable is also crucial because you have the chances to keep on trading despite of the losses, but I believe good trading performance always makes an edge in trading.

But one thing is certain, even if you're rich and financially stable, as long as you suffer from consistent losses in trading without chances to gain decent profits, then think a lot of times, probably trading is not meant for you.

[Tigerheart3026]

i don't see any discrimination here because it's a open for all of like who is poor or rich that's doesn't matter.
it's not an easy for a rich person if no trading experience, on the other hand a poor person can start trade with small money if experienced,
so it's depend on poor or rich people, here knowledge and experienced is more important. 

[Essential10]

Trading requires a combination of knowledge, experience and discipline. It is not something that can only be bought with money. However, it's not about how much money you have, but how well you can navigate and understand the intricacies of the market. I think trading is not limited to any class, but it requires knowledge, determination and understanding how to trade properly. It's a way to make quick money, but there are always risks and challenges. Regardless of how much money you have, trading can be a viable option for earning profits. Ultimately it requires hard work and a willingness to learn from success and failure.

[shushu9977]

Those who have traded long time in market or demo market account. They have much experience. If they have not money for trading, then it is sad to them. By the way, if you have little money and invest in market, then you should not afraid of losing money. you should keep learning and analysis the market. Go ahead and make money.

[CRAIC]

Should trading be exclusive to financially comfortable and rich because of how risky it is?

Trading is for everyone. Otherwise, low liquidity results

[bitgolden]

... when you just buy a coin do not panic just wait with patience for the right time to take profit

Well, sometimes panicking is better than holding for too long. Yeah, if you are talking about BTC then perhaps it makes more sense but if you are into trading altcoins and you hold for too long because you don't want to close the trade in a loss, then chances are you will lose it all.

In general, though, I agree that having patience is important because crypto market is volatile and things will always move up and down and you cannot just expect them to go right in the long term.

For the rich, it's easier to maintain their calm because they can afford to lose and start over again but that doesn't mean they can keep losing because even the richest people can get zeroed in no time.

That's definitely a clear difference I would agree without a doubt. If you are holding bitcoin then I agree that there is no "held for too long" because the longer you hold it the more money you will make, and of course there will be periods when it goes down during the bear market but that doesn't change the fact that you are going to make a great amount of profit with it given enough time.

I think it should be a bit of a bigger deal to handle all of this when you know what you are doing, and that is why it's clear that people should be aware of their own talents. I get that it may not be simple for alts, and yes there are few good ones like ETH for example, but when you are holding those, that might become an issue and you should get out at the right time. Bitcoin and every single alt will be different in that regard, holding alts for too long may cause a lot of trouble for a lot of people and they should be careful on what they are doing.

[khiholangkang]

Logically, if I am financially comfortable or rich, I will not waste time trading.

There are no rules in trading that are only permitted for rich people, or solely made for rich people to increase their wealth in trading, it doesn't exist at all, behind the scenes we don't know whether people are rich or poor when carrying out trading activities and there is no confirmation. also that rich people have more advantages in trade.

It doesn't matter whether you are rich or poor, everyone can access trading, but they must have good personality fundamentals, I saw my friend doing trading activities with initial capital of $10, until now he can make thousands of dollars in one month, but the process is not easy, you have to crawl and don't be greedy.

[Finestream]

Certainly not. Trading is for everyone, although not everyone is capable to trade. However, we can't deny the fact that rich people have the advantage in trading because they have all the opportunities to trade again and again to perfect their trades despite of the inevitable losses, while leaving poor people limited funds to trade because of their poor financial status.

Apparently, trading is fair with both poor and rich. But if you have higher experiences with trading in the market, most likely you will gain best results in trading while leaving those novice traders struggling to win their trades.

[|MINER|]

If you ask me that question then my answer will be no trading is not only for the reasons rich persons. But I will also say that trading is not for everyone. So here a question must come that crypto trading is for which persons? There was an easy answer that is trading is for those peoples who have knowledge about trading. There are many people who went into trading without knowing well about trading and without doing proper analysis and later faced huge losses. And finally many of them spread various fuds about trading by admitting their mistakes less to people in different ways.

[passwordnow]

Gambling for the rich, trading for the rich, maybe an unpopular opinion we'll see is about malling is for the rich and even eating delicious foods are for the rich? This is the reason why we always see inequality in our society and it's more favorable to those who have money. Because we think that it's always available for the rich but not for the poor. I'd believe that when someone say that they're poor, they literally are poor and have no money at all.

But do you believe that they're going to stay on that situation forever? While I do get that someone might just struggle for having no money and wanting to get into trading. However, let's not make it that the poor has always been unfortunate at all especially on these matters that requires money. If someone who is poor and really wants to get into trading, he'd do something about it.

He'd grind himself maybe for so long and save money as a start. Although I don't advise people to do that immediately because he'll just lose it for his first tries. But someone who would do that will never experience and learn the lesson. The point is, the rich and the poor have the same opportunity in trading but, as starting out and for lasting, the rich has got themselves cover while the poor has to grind and no one stops the poor from trading.

[Yamifoud]

There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?

It is just to note that some of us have some limitations as well. I don't say that trading is for rich people only but it was just for those who were capable enough to spend and lose their money. It is important to understand that trading is not for everyone, why force ourselves into something that we are fit for it? For poor people, the only way to get in and start trading is to have some savings as well before we start at least we have some backup money. It is not impossible on their part as long as they will find a way but not in the way of taking loans.

[Rockstarguy]

There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?

Trading can't be only for the rich, anybody can start trading it does matter if the person is rich or poor. Their is no specific amount to start up trading, people can decide to trade with any amount they can afford to lose. The money you can use in starting trading doesn't really matter. What is very important in trading is understanding,  when people learn trading very well and understand it, it is very possible for profit to be made no matter the amount they use in starting the trading. Understanding is the most important thing in trading and not the amount to be used for trading,  without understanding even if bog money is used in trading it is possible for one to lose all the money.

[shinratensei_]

There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?

It is just to note that some of us have some limitations as well. I don't say that trading is for rich people only but it was just for those who were capable enough to spend and lose their money. It is important to understand that trading is not for everyone, why force ourselves into something that we are fit for it? For poor people, the only way to get in and start trading is to have some savings as well before we start at least we have some backup money. It is not impossible on their part as long as they will find a way but not in the way of taking loans.

but still its gonna be hardship for many people that are not necessarily rich or even below the middle class earning since trading peanut amount means you only get peanut profit which also means that you are quite literally just wasting your time.
this is why sometime trading preferable for those that already well off since they usually have bigger capital than the general population though indeed even the poorest people could start trading by saving but then again would they have the adequate skill if they rarely exposed with the real world practice of trading since their capital is kinda low? i don't know about that but I guess when even people with well of economic situation are struggling making profit with trading other might also find it difficult to make profit because we all know that making money by taking advantage of margin sometime just really hard to do.

[Patrol69]

There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?

Effort is the most important thing for a person, if there is effort, even a person who is not financially well off can succeed in Bitcoin trading. Start small scale business and slowly try to take that business to big scale. It is not written in any business rule that you have to start a business with a large amount of money, but if you have an idea about business, then you can get success in business even by starting a business with a small capital. You say many people can do business in Bitcoin because of money but I have seen many Bitcoin traders who have sold their hobby or given up their hobby to invest in Bitcoin. You have to sacrifice something to get something, you don't have money to trade but if you don't sacrifice something then you are not perfect for business.

[Timmzzy]

There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?

Trading is basically not for the rich alone, one thing i came to realized in this trading aspect is that, you need a backup source of income, lets say you know how to trade the market yeah, now you should have a backup business that will support you financially even if trade doesn't work out for your lets say your analysis keeps being the one thing that makes you loose money to the market, now that backup business you own separately can help you recover from the loss mentality. even if its not business tho a back up job that will do because yeah trading involves money, lucky enough those with the SILVER SPOONS in their mouth are the ones who gets not to lament or worry too much when they have losses in the market.

[adzino]

There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?

It is not for the rich. It is for anyone that can afford to trade. As long as you have some money lying around, you can use it to trade. But never risk the money that you will need, because since the crypto market is unpredictable, any wrong move or event might cause you to lose all your money. There are people that does full time trading as their 'main" source of income, but I am sure they always have a backup plan to pay their bills. So trading isn't exclusively for the rich people but for those that are financially stable.

[Mate2237]

If they really want to trade there is no big deal there, if they can affordable 10$ then they can use it to start real account trading but I must tell them. Practicing with demo account is different from using a real account so they should not use big money at first in the real account, but they should use small amount to still practice from the real account before going into deep.

Many people have done this mistake plus me. We thought that the way we trade in demo accounts were the same way can be used in real account but it soak us. I lost a big amount of money. And it pained me. So I don't advise new traders to just start with big amount but small to still test your skills.

[bayu7adi]

Exactly...trading require some money to start it, but you don't have to wait until you're rich to begin trading. People with ample disposable income still have the right to trade, but they have limited opportunities for the purchases and sales they make. The amount of money you have doesn't really affect the percentage of profit when taking gains, but it does impact the total amount earned.

Imo... its not bad for anyone who wants to learn trading and start trading with the money they have, even if it's limited. As you gain experience and master the skills, you'll level up over time when the money you have grows with the help of your trading activities.

Controlling small amount of money into then to be large sum of money is an economic success, so never be afraid to enter trading even with just a small amount of money. The important things is how to make this money growing.

[gabbie2010]

There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?

Alternatively if those people can switch to forex trading instead of crypto trading there are Prop firms in forex trading where learnt traders with just some few dollars can purchase a challenge account usually in $5K, $10K, $15K .... $100K where they are expected to pass a challenge of earn 8% profit to pass stage 1 and 4% to pass stage 2 thereafter profits earned would be shared between the trader and the Prop firm in ratio 80:20 I think this is the best way a very good trader can test their ability and mettle, I believe this means is better than trading with a very high leverage in cryptocurrency trading because of the high risk.