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Author Topic: Should trading be for the rich?  (Read 2366 times)
bettercrypto
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May 10, 2024, 06:21:19 AM
 #301

Not necessarily, especially crypto market comes with low possible amount to deposit and trade that makes someone with even $50 or 100 can start doing it. But to be profitable it's important to have decent capital for sure and it may take time for people to accumulate before starting their trading career. Rich people can afford to make mistakes while people with limited capital it can put an end.
yes that's correct. Doing trading doesn't mean you have to be rich, in fact people can become rich by trading. However, we need to be aware and understand the risks of trading. The worst risk is that we lose all the assets we own. However, if you are used to trading, I think the worst thing is losing most of the value of the assets we own. However, trading is for anyone who is willing to accept the risks.

Trading in the field of crypto currency or even in the traditional way of trading has no discrimination applied here; rather, as long as you have the capital to buy what you want to trade, you are illegible to be a trader.

You can't be here if you don't have something to buy and trade. Because, of course, what will you trade if you don't buy? There are others who enter the field of crypto trading to make a profit, not with the intention of getting rich immediately in this field. Of course, that is not the case.



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May 10, 2024, 05:01:51 PM
 #302

yes that's correct. Doing trading doesn't mean you have to be rich, in fact people can become rich by trading. However, we need to be aware and understand the risks of trading. The worst risk is that we lose all the assets we own. However, if you are used to trading, I think the worst thing is losing most of the value of the assets we own. However, trading is for anyone who is willing to accept the risks.
Trading in the field of crypto currency or even in the traditional way of trading has no discrimination applied here; rather, as long as you have the capital to buy what you want to trade, you are illegible to be a trader.

You can't be here if you don't have something to buy and trade. Because, of course, what will you trade if you don't buy? There are others who enter the field of crypto trading to make a profit, not with the intention of getting rich immediately in this field. Of course, that is not the case.
What you say is very true, every person who has capital that they can use to trade of course they will be able to do it but they must first understand it well so that they can make a profit from the trade they will do, to be able to make a profit from crypto trading of course we must be able to go through every trading process and must have patience in order to make the right decisions and be able to get results according to the targets we set, those who think that trading will make them rich of course this is very unlikely, but if they can be patient with The process they go through will certainly make them rich one day from the results of the trading they do.

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May 10, 2024, 07:43:38 PM
 #303

Trading is for anybody,it doesn't matter whether you are rich or not,as long as you have the mind to trade,you can always do it at your convenient,but it will definitely requires money.
One who wants to begin trading has to ask questions in whether you need to put in much money or not,but the real deal is putting in a little money at first, reason being that it is not always adviceable to invest with a big capital to avoid loss due to Inexperience.

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May 10, 2024, 11:24:48 PM
 #304

We all know that the poor fo not have the kind of fund the rich would be using to trade in the market.
Our capital in trading would determine how much we can make from the market. It is good we are prepared and planning to ride the market price which is one of the ways we can make money from the market. There erad are lots of opportunities we can take to earn from the market buying the dip which could earn us more rewards when price starts going bullish..









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MissNonFall9
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May 11, 2024, 02:34:34 AM
 #305

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?
To come in trading, first of all we should fix the mindset and make all kinds of preparations for trading. How is it? For example a person who has practiced trading on a demo account then realizes that he is good enough to trade, but at that moment he has no minimum capital. Then he lacked the mentality and preparation to trade. And it is not at all that only the rich are suitable for trading. Anyone can learn to trade and do business. Because there are many examples of people who have become rich with very little capital.

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