Should trading be for the rich?

[irhact]

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?

Why are you trading, you're trading to make money therefore if you're already rich then trading mightn't be for you. Trading is a quicker way to make money because you don't have to wait for a very long time before you can sell your coins and make profits just like when you make investment. If I'm rich, I'll go for investment as I don't have to stress myself but wait until my investment has given me profits then I sell and since I'm rich, it'll give me more advantage to hold and not sell.

Trading is both for the rich individual and poor individuals as both set of individual can trade and make profits perfectly depending on how determined they're and how they understand how to trade. Trading shoudn't be done by individuals that don't understand it or haven't learnt how to trade properly or they'll lose not matter their financial ability. It doesn't matter the income you're receiving but you can program yourself to trade with the money you have and make profits.

[1714860511]

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[kingvirtus09]

Anyone can trade wether you're rich or poor. For me, there is no difference between them but their trading capital. Why? Because they can both become profitable or not profitable in trading. They both need to do backtest or do a demo account. Rich traders don't trade with the same margin as poor traders, they put margin based on what they can afford to lose. The only difference I see in them is their trading knowledge and mindset.

That's right, rich or poor can be in the trading industry. But most of the traders here in the cryptocurrency business industry are all from the middle class, only a few of the rich are doing trading here. There are still more people hoping to get out of the poverty they are in in life.

So it's not about whether you're rich or whatever your status in life is, as long as you have an understanding of what you're doing here in the crypto space, you can be here, people who are just negative are not welcome here the Bitcoin and cryptocurrency know-how.

[TelolettOm]

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?

Actually, it's possible to trade to get rich. However, the process will certainly be different and will not be as easy as we initially imagined. If we only hope to become rich from trading, but on the other hand we don't really understand trading and the effort is just ordinary, then it will just be a dream, not a reality. And this is certain, it is only risky to trade, because without preparation from various sides, it will only make it easier to lose.

It's different if you really do it with good effort, mental, financial, strategic, knowledge and other readiness. and how to carry out trading professionally, so that you can achieve success. does not rule out the possibility, but once again, this requires harder, smarter and wiser efforts.

[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?

Actually, it's possible to trade to get rich. However, the process will certainly be different and will not be as easy as we initially imagined. If we only hope to become rich from trading, but on the other hand we don't really understand trading and the effort is just ordinary, then it will just be a dream, not a reality. And this is certain, it is only risky to trade, because without preparation from various sides, it will only make it easier to lose.

It's different if you really do it with good effort, mental, financial, strategic, knowledge and other readiness. and how to carry out trading professionally, so that you can achieve success. does not rule out the possibility, but once again, this requires harder, smarter and wiser efforts.

so far very few people that I know could get rich from trading but instead so many people i know getting rich from investing, there's reason why there are so many rich people that prefer investing I guess because you are not losing anything even if the market dumps if you are investing in fundamentally good project but you will be losing a lot if the market is suddenly make sudden movement when you are trading since you can't really anticipate that.

I think to be fair, people can get rich from trading indeed, but always remember that there are people with more influence out there and bigger capital that could influence the market, whether we can make profit from it and always winning and making sure that our capital didnt get eaten by some sudden loss then I guess trading might be viable way to get rich.

[LogitechMouse]

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

Trading is for everyone, but not everyone can trade.
What I mean is that, not all have the capabilities to trade especially when it comes to financial things because we know that newbies tend to lose money on their first trades because they lack experience.

Should training be for the rich only? A little bit of yes, and no. Rich people can just trade, lose their money, and trade again while poor ones will lose their money especially when they're newbies, and there's a chance that they don't have money anymore. I don't know if there are some traders who started with a small amount of capital and turned out to be successful traders.

Always take note that trading in a demo account isn't the same as trading with a real account because your emotions will be different when doing either one of them. Trading is for everyone whether you're rich or poor, but sometimes, money can be a big factor whether you will become a successful trader one or not.

[uchegod-21]

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?

"Trade with that amount you can afford to lose". Can the poor afford to lose anything? Obviously,  trading is for those who are financially buoyant and capable. Having just the technical skills is not enough and it is not adviceable to trade with loan money.  It is not a must to trade, if you do not have the needed resources to trade with,  you just have to look  elsewhere.

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.

"Start small and grow later" is not applicable to trading. The amount you trade with goes a long way to show you are making a profitable move or just wasting your time. Trade with significant amounts and with your high trading skills, you will see position results.

[fauzan Ichsan]

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?

Actually, it's possible to trade to get rich. However, the process will certainly be different and will not be as easy as we initially imagined. If we only hope to become rich from trading, but on the other hand we don't really understand trading and the effort is just ordinary, then it will just be a dream, not a reality. And this is certain, it is only risky to trade, because without preparation from various sides, it will only make it easier to lose.

It's different if you really do it with good effort, mental, financial, strategic, knowledge and other readiness. and how to carry out trading professionally, so that you can achieve success. does not rule out the possibility, but once again, this requires harder, smarter and wiser efforts.

It is indeed something that can be achieved success through trading, but not many people can do it, there are 3 things that must be considered to achieve success from trading, the most important is psychological, mental strength is the main menu to learn, then there is something called money management , where we must be able to manage our capital and must also master the technical analysis used

[Bitcoin_people]

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?

There are many people who have learned business for a long time and have enough knowledge but are not able to start it with enough money to start the business. Many people can make good money by trading and many people lose their money by trading only because of their wrong decisions. If a person has minimum knowledge about trading then I think he can definitely earn less and more but understand the amount of money. If you have more words then you can make good amount of profit by trading whereas if you have less money and start trading with less funds then you will definitely get less profit. People who want to start trading with a small amount of money are often afraid of losing and they tend to think negatively instead of thinking positively. And that's why it's best to avoid those people from trading because it's risky and lose money, so it's best to invest in crypto business it can always make a person rich. And people mostly become rich by investing and they can make huge amount of money just by investing because it is risk free.

[Cookdata]

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 can only be an excuse for people who are finding it challenging to trade, trading is not exclusive to the only rich only but if you have more money, you will enjoy it very well.

Trading is like investment, the more capital you risk, the more profit you are bound to have but again, that depend on your management skills. If you don't have good management skills, the riches can turn poor over night if you don't do well in trading. You need to be well established and knowledgeable about trading whether you have small resources or have big resources.

As a trader, with large capital in spot you will only have large profits depending on your position and with small capital, you can only make small capital depending also on your capital. However, the goal isn't of trading shouldn't be capital alone, you should understand trading very well, with time and consistency the capital will grow into something big.

[Richkiedx]

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?

not everyone here is rich, others started with knowledge of trading, it's just a poor person like me, my capital was only 1k when I started trading, of course before I started, I studied well first, I used a demo account for practice until I got my own strategy and that's when my 1k grew

[MIner1448]

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 does not have to be “exclusively financially comfortable and wealthy.” Many traders started with small amounts and, over time, developed into successful ones. It's important to learn, improve your skills, and take a smart approach to risk. Demonstrating patience and gradually increasing your investment can be the key to long-term trading success.

[benalexis12]

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

Trading is for everyone, but not everyone can trade.
What I mean is that, not all have the capabilities to trade especially when it comes to financial things because we know that newbies tend to lose money on their first trades because they lack experience.

Should training be for the rich only? A little bit of yes, and no. Rich people can just trade, lose their money, and trade again while poor ones will lose their money especially when they're newbies, and there's a chance that they don't have money anymore. I don't know if there are some traders who started with a small amount of capital and turned out to be successful traders.

Always take note that trading in a demo account isn't the same as trading with a real account because your emotions will be different when doing either one of them. Trading is for everyone whether you're rich or poor, but sometimes, money can be a big factor whether you will become a successful trader one or not.

It is true and right that trading is for everyone, but the question is: does everyone want trading as we know it here in cryptocurrency? Others like trading, but in their minds, the work of studying here is lacking. That's the problem with others entering the crypto space.

Almost everyone here knows very well that trading is not easy; even in forex, it is not an easy lesson, to be honest. It's not just hype like other traders do; I don't know if those are real traders who say it's easy to make money from trading. which is not the concept.

[Dr.Bitcoin_Strange]

people that are thinking that they are investable because they think they're smart and skilled, they don't know yet how brutal trading is.

Exactly. I believe that before a trader should think about asking people to invest in his trade, he or she might try it out with their own money to still verify how successful their trade could be in the real market before they start to ask others to invest with them. Trading is not always the same on a demon account as when one is trading with real money. Some people trade very well on Demon and make a profit, but on the real account, most of the strategies seem not to be very successful again.

[vs2014]

Newbies crypto users think that crypto can get rich overnight but the amount is small. It is foolish to think that the group of such people is so small that your forehead will be like that. Moreover making money by investing or trading crypto requires a lot of effort and money. In my opinion put away the get rich scheme and make yourself the latest expert so that you can get more or less profit from crypto if you don't lose it. There are many experts who survive in the crypto market with small profits because their losses are almost negligible.

[Distinctin]

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?

If trading is exclusive for rich people only, then why do we see such poor individuals experience life's big changes because of successful trading. That only proves that trading has no limits or distinctions. Successful trading can both happen to rich or poor traders.

While trading can be a lot more risky most especially to those who only trade with limited amount of money, but if those traders have also developed working skills and strategies for successful trading, then risking in trading is always worth the efforts and risks.

[Captain Corporate]

I have started my trading with just a few bucks, I think it was 20 or 30 dollars. I think people are forgetting that trading is something you can learn and keep learning all your life and keep as a skill forever. Which means, even if you have nearly nothing today, if you learn the skill of trading, then one day eventually if you could save some money, or make some money by chance, then you could start to trade with that money, and you will not lose any time because you are already a good trader thanks to being able to work on that skill. So if you start learning how to trade even if its demo today, and for 6 months to a year you just learn the skill and basic information and trade on a demo, and then after a year you start putting in like 10-20 bucks per month, that still will turn into something, and one day when you come up with some bigger amount, you will be ready to turn that into something huge.

[wxa7115]

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 a skill, and while money is required to exploit it to your maximum ability, it is not as if those that are rich are born with the ability to trade the markets, they could be great at a specific business but they can be just as terrible as anyone else when it comes to trading the markets.

And if anything their wealth could play against them, as after suffering big losses instead of giving up for a time and study the markets, they could keep trading until their capital gets depleted.

[Baki202]

Anyone can trade wether you're rich or poor. For me, there is no difference between them but their trading capital. Why? Because they can both become profitable or not profitable in trading. They both need to do backtest or do a demo account. Rich traders don't trade with the same margin as poor traders, they put margin based on what they can afford to lose. The only difference I see in them is their trading knowledge and mindset.

cryptocurrency is a very beautiful innovation that doesn't put segregation on who or who can not trade and a lot of people are trying their best to be part of Bitcoin it is just about trust because even some whales today trust Bitcoin and they are holding some quite amount of bitcoin, once your capital is install then the next thing is to start trading but before anyone starts trading they should not start without not have idea on it because trading is not something you use instincts for. it has a process that must be followed and once one step is missed then that missed step can cost you. The margin of trading is different because all fingers are not equal some people started small now and currently they are big traders.

That's right, rich or poor can be in the trading industry. But most of the traders here in the cryptocurrency business industry are all from the middle class, only a few of the rich are doing trading here. There are still more people hoping to get out of the poverty they are in in life.

So it's not about whether you're rich or whatever your status in life is, as long as you have an understanding of what you're doing here in the crypto space, you can be here, people who are just negative are not welcome here the Bitcoin and cryptocurrency know-how.

when it comes to cryptocurrency you hardly detect the people who hold and use a small amount of money to trade for sustenance, their middle people but at the same time there are rich people and everyone is trying not to put their eggs in one basket, everyone wants more money, and a lot of people in the world population are interested some are serious why others just want to taste and nothing more, and everyone has a choice to trade even with money some will diligently try their best to invest and wait patiently for return.

[justdimin]

It is true and right that trading is for everyone, but the question is: does everyone want trading as we know it here in cryptocurrency? Others like trading, but in their minds, the work of studying here is lacking. That's the problem with others entering the crypto space.

Almost everyone here knows very well that trading is not easy; even in forex, it is not an easy lesson, to be honest. It's not just hype like other traders do; I don't know if those are real traders who say it's easy to make money from trading. which is not the concept.

Unfortunately I have been one of those people for years and that's why I prefer long term holding. Don't get me wrong I am trying to do better and I am trying to make sure that it is going strong, but at the same time I am doing it the right way whenever I can with long term holding as well. I get that people are not at that level right now and we should not be looking into this as all that troublesome, but the situation is different right now and not that big.

I think it is quite clear that we need to make sure that we can find something that will change it and it should be a bit different result, think about it, if you are not entirely certain about the situation then how could you end up investing or trading. So my personal situation is that I try to stay away from anything like that, and just avoid all the trouble, and just focus on how to make some money with long term, and only trade with tiny amounts to make sure I get better one day on how to trade.

[wiss19]

... 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.