Should trading be for the rich?

[Kelvinid]

If you have an idea if you have education if you have taken courses and are very skilled then surely you can become a millionaire by trading. 

That is possible but can't just take it easy because there is no instant learning and profit in trading. Many traders had good knowledge and a high level of skill but some of them quit and become unsuccessful because trading does not just require knowledge and skill only but also patience. Impatient people if not all, but mostly had end with unsuccessful stories and failures. And a reason why we should never underestimate trading or say it was too easy is, we just know how difficult it is when we are in an actual situation.

Yes, rich or poor, trading welcomes everyone but don't dare if we have a lack of trust and unprepared. Otherwise, we can be one of those who try but say goodbye later.

[JayTrain]

Trading should be accessible to all, not just the financially affluent. However, it's crucial to understand the risks. Starting with demo accounts for practice is advisable. Education and market understanding are essential for success. I believe that it's not only about making trading accessible, but also about providing the necessary knowledge and resources for anyone looking to thrive in this field.

[shawonngp]

With the skill a trader can make millions of dollars from only few thousands of dollars. So rich people trade with only few thousands of dollars?  I don't think so that means a trader can make fortune with a small investment with the right skill and discipline. A trader needs to be patience and consistent about his trading to make a fortune out of it.

Skill traders can make thousands of dollars by using in hundreds of dollars and investing thousands dollars they can make millions of dollars it's true and I seen a few traders.
But with small capital it's too difficult to fill up this goal even for an expert traders, with small capital your profit will be small and take long time.

[Sorryfor]

Trading is actually very risky. For this only rich people should do it. This is actually reasonable.  Because first of all you have to have capital to trade and trade only the amount you can afford to lose. If you don't have enough knowledge about trading and you don't know enough about the cryptocurrency market then you shouldn't be trading. It never seems to me a small thing because it can cost you a lot of money financially. So even if you are more interested in trading then you should start trading with small funds and progress slowly if you can profit from there And it is best not to trade at first. Instead you can invest if you want and keep your invested money. If a poor person leans too much towards trade in the beginning, it will cause him a lot of frustration.

[Ben Barubal]

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 open to anyone who wants to learn from it or make a profit from it. Then the basic rules in trading if you want to make money here are that you must have the capital to buy crypto assets that you will trade with, because that is what is needed; you cannot buy coins to trade; that's why you are called a trader. These are basic things that we should know.

     Apart from that, there is also a lot to consider in learning trading because it is not just guessing. Of course, it is not like that; instead, there are indicators that are used and based on so that they can make technical and fundamental analysis. Are you willing to know and go through them?

[Tipeform$]

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 for everyone Trading is not just for the rich. But there is some truth here, those who have a lot of money, it is very convenient for them to supply any money to the trading platform, but those who do not have a lot of money, after trading, it is very difficult to pay. When the trading platform does not require any tension to provide money, then the analysis can be done very well on the trading platform and even if it loses for any reason, it can be handled easily, but those who have less money, even if they manage some money in a unique way, if this money is lost, then they cannot handle themselves. Of course trading is very helpful for the rich but not so much for the poor because it depends on money.

[wiss19]

I have target with trading should be rich and working hard how to earn much profit every time trading, I don't spent more time with trading but earn few profitable and its not balance yet with how much money and my time waste if can't get rich trough trading.
But keep working hard not dreaming only before trading make analyze and researching with bitcoin or altcoin price potential few days later will break out or not, you don't need have limitation with profitable achieving from bitcoin or altcoin trading and must take huge goals achieving with trading earn much money to be the richest person.
But in trading have already with risk and try to minimalize low risk when trading by using stop loss feature, don't be on comfort zone position with few percent profitable is enough because in trading make impossible becoming possible.

In risky and hard acts like trading, we usually don't know if we will succeed or not, till the time we try it and by trying it we must accept it even if we ended up as a failure. We might be a failure but at least we tried. It adds up to our experience and this still gives us an accomplished feeling.

The more the merrier as they say which is true in terms of profits but as a starter, I think we need to set a realistic profit first because the higher the profit we want to achieve, the higher the risk we are also going to face. You said we shouldn't stay in our comfort zone but at the same time you recommend to use a stop loss? I think pro traders rarely use this anymore.

[Awaklara]

You said we shouldn't stay in our comfort zone but at the same time you recommend to use a stop loss? I think pro traders rarely use this anymore.

The more professional a trader is, the more he or she can control the risks of their trading. Whether you use a stop loss or not, it's part of a strategy or habit that traders often use.
especially for those who trade with large amounts of money, they will be careful in determining positions and targets. they will not be too greedy in wanting a high target, but the most important thing is that their small target can be achieved.

[Cryptoababe]

Honestly, I'm my own way of perspective, Trading is strictly for the rich because it's programmed to Rekt people a lot. Where the rich can easily use small leverage with huge money to make good profit.
While we the poor will use high leverage with small money to lose or get liquidated.

[Jonyshake71]

Everyone can trade if they want but the perfect definition of it is "Trading is for them who knows and understand trading" in my opinion. Of course money does matter cause anyone can't trade without money. Even you need decent amount of money to manage trading.. but mainly its all about Focus, discipline, dedication, analysis, patient and knowledge what makes a person prefect trader together where momey matter less. Cause some traders can make thousands from some dollars. So learn first. Or trading will be just a loss project for you

[|MINER|]

There are no rich or poor in trading.  But investing is easy for the wealthy.  There are many people who are not able to apply money in trading or any kind of business due to lack of money.  To think from one side, to do business or trading one needs to own some money.  Because there are many people who want to do trading but are unable to do it due to lack of sufficient money.  They should save money first and then invest it in trading or elsewhere.  Because how can you invest money in trading if you don't have enough funds.  If you don't have your own money, if you want to trade with the money borrowed from others, then if you face a loss, then all your money will go and you will have to pay the borrowed money even if you sell your necessary land.  So one should not invest in any kind of business or trading without owning enough money

[Natalim]

There are no rich or poor in trading.  But investing is easy for the wealthy.  There are many people who are not able to apply money in trading or any kind of business due to lack of money.  To think from one side, to do business or trading one needs to own some money.  Because there are many people who want to do trading but are unable to do it due to lack of sufficient money.  They should save money first and then invest it in trading or elsewhere.  Because how can you invest money in trading if you don't have enough funds.  If you don't have your own money, if you want to trade with the money borrowed from others, then if you face a loss, then all your money will go and you will have to pay the borrowed money even if you sell your necessary land.  So one should not invest in any kind of business or trading without owning enough money

Not for the rich but for those who can afford it. It means that we need money and it is quite difficult for poor people to make it which gives some people the assumption that this is only for wealthy/rich people. But there is a point in saying that because rich people can spend their money in trading without worrying about anything to possibly lose unlike how poor people responded to the situation.

Even though we think it is for everyone, still we consider the capacity of a trader and one must consider if that person has money enough to support their trading journey. Otherwise, all of this is just a dream and ambition.

[Dailyscript]

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?

This is very relatable. I have freinds that have started trading with little money some even went ahead to borrow money from other sources willing to give them at the end of they day they would return some percentage of that money to them.

The truth is to be successful in trading one needs enough equity. Starting with little money will not help at all, instead it will expose the trader to take high risk which may end up closing the trade. But if there were enough capital they will be able to manage risk by using low lots size and high money for trade. It will also increase balance and reduce unnecessary pressure.

[AakZaki]

Skill traders can make thousands of dollars by using in hundreds of dollars and investing thousands dollars they can make millions of dollars it's true and I seen a few traders.
But with small capital it's too difficult to fill up this goal even for an expert traders, with small capital your profit will be small and take long time.

The capital is small enough to only be used to learn trading, not to make more money consistently. But you also need to know that with just $10 in capital you can earn hundreds of thousands of dollars, this could happen from memecoins that are currently hyped. as in the PEPE coin. Many people have managed to make profits of up to hundreds of thousands of dollars just by buying PEPE before the hype. But to get a memecoin like PEPE is not easy, it also depends on luck.

[terrific]

The truth is to be successful in trading one needs enough equity. Starting with little money will not help at all, instead it will expose the trader to take high risk which may end up closing the trade. But if there were enough capital they will be able to manage risk by using low lots size and high money for trade. It will also increase balance and reduce unnecessary pressure.

Starting with little amount will help you understand that this market is very aggressive. That's the help that I am thinking and the lesson you'll gain from it is kind of helpful to you if you ever decide to pursue it.
But if it's about growing with small amounts, you'll have hard time in doing so because the market is too volatile and you as a trader that want to grow that amount might have hard adjustments from it.

[QuinielaPosible]

The capital is small enough to only be used to learn trading, not to make more money consistently. But you also need to know that with just $10 in capital you can earn hundreds of thousands of dollars, this could happen from memecoins that are currently hyped. as in the PEPE coin. Many people have managed to make profits of up to hundreds of thousands of dollars just by buying PEPE before the hype. But to get a memecoin like PEPE is not easy, it also depends on luck.

You have to be so lucky to buy an altcoin like pepe after launch. I'd say at least 99% of coins are scams.

[Bonny070]

yes trading isn't for everyone, because you don't have money you will not be able to trade at all. I'm not saying trading is meant for the rich alone, you can not use empty pocket and make money.that is while trading required money.you can not catch fish without hook or net.

[Jody.Drummer]

Firstly trading is for everyone and not just for the rich, I understand that you are aiming at financial matters and thus concluding that trading is exclusively for the rich, but can't the rich end up being street beggars if they trade the wrong way? yes obviously, because no matter rich or poor trading is still risky for anyone and also we cannot conclude that poor people will experience losses when they get involved while rich people will benefit, it is not like that because basically whoever it is and whatever their background is still they will be able to get a pretty good profit if they are basically willing to learn from their mistakes that make them experience losses seriously which in turn makes them change for the better and this applies to rich or poor people.

On the other hand I understand that the level of concern of the poor may be much higher about losing money than the rich but you can't just conclude that they will always make mistakes that can end the session with a loss, because mistakes can be made by anyone and do not know the financial background, the point is that if for example poor people want to learn seriously then they can change their financial situation for the better as a result of the hard work and learning process they have gone through.

[Dr.Osh]

Skill traders can make thousands of dollars by using in hundreds of dollars and investing thousands dollars they can make millions of dollars it's true and I seen a few traders.
But with small capital it's too difficult to fill up this goal even for an expert traders, with small capital your profit will be small and take long time.

well, if other people can turn hundreds of dollars into thousands of dollars, and thousands of dollars into much more, then that will also apply to people who have little capital. For example, when he started with $10, he could change that to $100, and that would be within the initial criteria you said.
This is not a matter of poor or rich, but of who has the ability, and has the courage to take risks. The difference is, rich people have a lot of capital, so when they fail, they can try again. However, it is not as easy as we say. However, I feel that anyone can try trading as long as they are willing to take risks.

[MarjorieZimmermanGinger]

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?

Free trading is carried out by anyone who has the ability and is not limited only to the financially rich. Trading can be done by anyone, but without money, how can anyone trade? That's why trading requires capital because there are many risks involved, especially if you don't have any knowledge about trading. Many people have money but do not have the ability to trade because they do not have the knowledge and that is why trading is not only limited to people who have money.

Trading requires knowledge and money to be involved in it, without both we cannot do it. Logically, trading always looks at how someone can make a profit, but if people don't have the knowledge, we will actually be faced with the problem of losses. When someone wants to get involved in trading then one must have some knowledge and money without that never get involved in it.