Trading as full time job income your honest opinion about this still possible ?

[lornadane]

Futures trading especially is high risk. Let’s not sugarcoat it, it’s very close to gambling if you don’t know what you’re doing. Leverage doesn’t care about your confidence or your bills. One bad streak and you’re done.

[tottong]

Futures trading especially is high risk. Let’s not sugarcoat it, it’s very close to gambling if you don’t know what you’re doing. Leverage doesn’t care about your confidence or your bills. One bad streak and you’re done.

Someone who understands that futures trading is high risk, they should need to prepare a clearer plan regarding involvement in the trade so that the clamps regarding gambling can be refuted by themselves.
Futures trading will be much more difficult and may not be suitable for everyone because of the large risk of loss occurring more quickly over a certain period of time when trading.
But there are methods that might make people learn better so that those involved in trading have a clear plan and when people trade in the right way even though they cannot guarantee consistent profits then at least they have control over their money that they can afford loss in the trade.

[dannyatwork8]

Markets are way too choppy and uncertain now, so I don't think it's impossible, but it isn't easy. HFT trading over the last five years has changed the dynamics from what they used to be.

[Achalugo BTC]

Everything you said is possible including how much to be made in a week but it depends on the psychology of the trader. You have to understand the market where you are trading whether leverage or not, a better trader will profit but an experienced trader will continue to lose. It is a bad artisan that quarrels with his tool. To manage your capital won't safe the day but the knowledge you have will go along way. Use a capital you can afford base on the exchange requirement.

Which is why, people should take their time to make proper consideration before they can act on their decision because it will give the chance to make proper decision that they won't regret later on in life.
And its important for them to also know that, there are procedures that they need to follow in order to be successful and profit from their trading, which will also prevent them from making mistakes that might cause them to loss their funds in it.
But, having the knowledge and the understanding of it will really help them to go a long way and can also make them to have time to strategize in their own way.

[tvplus006]

...Leverage doesn’t care about your confidence or your bills. One bad streak and you’re done.

Risk management has long been invented to ensure that one unsuccessful transaction does not lead to liquidation. The ability to make money by trading is not exhaustive, it is also necessary to learn how not to lose your earnings.

[DPHOR]

You can only take trading as full time job if you know what you are doing, for instance if you are that routed Into trading and understand the basics of trading, maybe above the intermediate level then you can take it as full time job and even though there are people who are taking it as full time they still have other side hustle or jobs that keeps sustaining them because they can't entirely make the required funds needed to finance the family for how they could need it. So having side jobs do help as well to secure them From trading with stress or pressure while trading, so you won't care or thinks about anything because you had something else to fall back and backed on.

[Arenga pinnata]

Futures trading especially is high risk. Let’s not sugarcoat it, it’s very close to gambling if you don’t know what you’re doing. Leverage doesn’t care about your confidence or your bills. One bad streak and you’re done.

Without careful analysis, money management, and strict risk management, anyone trading in the futures market will inevitably suffer heavy losses, especially since some people use leverage without considering the balance between the margin used and their total capital (when using cross margin). However, if someone analyzes the market thoroughly, develops a sound strategy, and maintains a safe risk level through strict risk management, I believe it is still possible to profit from the futures market. The problem is that few people are disciplined enough to apply a good trading strategy in practice. Many are still influenced by their emotions in the market.

[JeffBrad12]

You can only take trading as full time job if you know what you are doing, for instance if you are that routed Into trading and understand the basics of trading, maybe above the intermediate level then you can take it as full time job and even though there are people who are taking it as full time they still have other side hustle or jobs that keeps sustaining them because they can't entirely make the required funds needed to finance the family for how they could need it. So having side jobs do help as well to secure them From trading with stress or pressure while trading, so you won't care or thinks about anything because you had something else to fall back and backed on.

Understanding basic isn't the absolute way to make profit because the market didn't move because technical analysis tells it to, but because market move on a unpredictable way.
I would say, Profit and Losses stat is the best way to determine if someone is meeting criteria to go full time on a trading or not because really profit is what matters most.

[jaberwock]

There is really no "need" for it. If you honestly think you can be good enough to actually make a profit from trading, then all you have to do is to make sure that you are dealing with something that will get a better result for you long term. What that means is that we are going to end up with much better results by both working and trading at the same time.

If you are good enough, then you will work a full time job, and then trade, and get enough capital to give up your work and not need anything. If you can't, then you shouldn't do trading full time neither.

[vanesha]

Very possible. However, you must understand thoroughly and in detail the potential and all the aspects you need to know about cryptocurrency—every possible scenario that can happen when you manage assets in this space. It’s not impossible to make $5,000 per week; in fact, it can be quite easy. But broadly speaking, the required capital is fairly large, and you must be extremely careful in choosing profitable coins. This is a high-risk endeavor—protect your money by not choosing coins carelessly. The best approach is to do your own analysis and then make your own decisions. DYWOR (Do Your Own Research).

[Issa56]

Does anyone here do it trading full time income ?

I don’t do trading as a full time job, I take trading to be an alternative source of income, so I don’t completely depend on trading. Whenever I make profits, am going to take the profit and do whatever I want with the money, and whenever I lose, I always accept my faith.

It’s a reality ? For example someone who trade binance futures leverage short and long can it be full time income for real ?

I have seen some people that completely depend on trading for survival, they don’t have any other source of income. I don’t always encourage having just one source of income, and even if you will be having just a source of income, it shouldn’t be trading.

As a trader I still feel it’s better to involve in spot trading rather than future trading, the risk in spot trading is less compare with future trading. If you are trading futures, and you are not smart, you might just end up losing everything which you have, and you will have to start from the beginning.

[Pandorak]

You can only take trading as full time job if you know what you are doing, for instance if you are that routed Into trading and understand the basics of trading, maybe above the intermediate level then you can take it as full time job and even though there are people who are taking it as full time they still have other side hustle or jobs that keeps sustaining them because they can't entirely make the required funds needed to finance the family for how they could need it. So having side jobs do help as well to secure them From trading with stress or pressure while trading, so you won't care or thinks about anything because you had something else to fall back and backed on.

Often, those who enter the world of trading are solely focused on profit. From the outset, they believe that trading can lead to financial freedom, without realising that there are supporting factors that need to be in place for this to happen, such as extensive/adequate knowledge (not just basic knowledge about trading) most importantly "substantial capital". You cannot make trading your main source of income if you only have $100 and expect to earn $5,000 per week. It is like entering a forest full of wild animals with only a knife.

To this day, i myself do not dare to make trading my full time job, even though i have been in this industry for more than 5 years. To avoid unwanted situations, it is better for each of us to have a job in real life, at least to ensure our basic needs are met. Relying solely on trading can lead to an unstable mindset, making one prone to making unwise decisions, such as buying at the wrong time or not following the initial setup, because there are needs that must be met. so instead of making a profit, you may end up losing money. This is why you should continue working in real life.

[Boldfx]

Before thinking of how to make trading your full time job think first about how long it took you to be convinced that truly its reliable, also the challenges you encountered and how much you invested and lost while starting would have shappen your knowledge on what to do when deciding what to do regarding how much to invest in trading

[Hyphen(-)]

Futures trading especially is high risk. Let’s not sugarcoat it, it’s very close to gambling if you don’t know what you’re doing. Leverage doesn’t care about your confidence or your bills. One bad streak and you’re done.

Very close to gambling, in fact for people that enter trade blindly without any analysis, it is gambling because they don’t have any knowledge relating to the market charts movements that will guarantee them their entry and exit in the trade. But for a trader with good knowledge of market analysis and with good trading plan, it is not gambling even though liquidation makes it similar, but there are certainties that they can succeed in trading because of their analysis even though market do act funny sometimes that do lead them to lose money, but they do earn good money and can confidentially makes trading their full time job especially if they have good capital.

Before thinking of how to make trading your full time job think first about how long it took you to be convinced that truly its reliable, also the challenges you encountered and how much you invested and lost while starting would have shappen your knowledge on what to do when deciding what to do regarding how much to invest in trading

The main thing that is needed is the knowledge about trading and mental preparation, if you don’t have the knowledge, it will always be like magic to you and you will see people making money from trading, but if you take your time and learn, you can be a good trader and can also rely on trading.

[Pandu Geddon]

To this day, i myself do not dare to make trading my full time job, even though i have been in this industry for more than 5 years. To avoid unwanted situations, it is better for each of us to have a job in real life, at least to ensure our basic needs are met. Relying solely on trading can lead to an unstable mindset, making one prone to making unwise decisions, such as buying at the wrong time or not following the initial setup, because there are needs that must be met. so instead of making a profit, you may end up losing money. This is why you should continue working in real life.

For those who are capable, it should not be a problem. But like you, I also do not dare to make trading my only source of income. It's not that we are unable to make a profit from trading, but we know that as traders, we sometimes face difficult situations where our trading positions go against what happens in the market. I think it's more comfortable to enjoy trading at the times we actually want, rather than being forced to make a profit.

[shawonngp]

Futures trading especially is high risk. Let’s not sugarcoat it, it’s very close to gambling if you don’t know what you’re doing. Leverage doesn’t care about your confidence or your bills. One bad streak and you’re done.

Future trading and gambling seems are very similar, there is no difference. And I think gambling is much better than future trading, at least if you are a lucky man, you win the bet, but future trading is more drama, it’s high risky and without skills you can't play it,
Future trading is especially for rich people’s, because It does not affect them, I don’t prefer it for small investors.

[tvplus006]

Future trading and gambling seems are very similar, there is no difference. ..

I don't see anything in common between gambling and futures trading. If you come to a casino and rely solely on luck, then this will not be enough for successful trading in trading. Successful trading does not depend on luck, but on skills and experience, and also on how well you use risk management.

[Stable090]

Futures trading especially is high risk. Let’s not sugarcoat it, it’s very close to gambling if you don’t know what you’re doing. Leverage doesn’t care about your confidence or your bills. One bad streak and you’re done.

I have lost so much money in future trading, so I don’t really advise anyone to trade future anymore, the risk is just too much. I know some people will be making money from future trading, but the risk is just too high, and if you don’t have proper knowledge about it, then just stay away from it.

The main reason why people trade futures is because of the high reward, that’s why most people don’t even properly manage their risk, they make use of high leverage just because of high reward, and at the end they lose more than they even win. If you will go into future trading, then you shouldn’t joke with your risk management, always make use of low leverage Incase if things go against you, you won’t be liquidated early.

[hafiztalha]

Everything you said is possible including how much to be made in a week but it depends on the psychology of the trader. You have to understand the market where you are trading whether leverage or not, a better trader will profit but an experienced trader will continue to lose. It is a bad artisan that quarrels with his tool. To manage your capital won't safe the day but the knowledge you have will go along way. Use a capital you can afford base on the exchange requirement.

Which is why, people should take their time to make proper consideration before they can act on their decision because it will give the chance to make proper decision that they won't regret later on in life.
And its important for them to also know that, there are procedures that they need to follow in order to be successful and profit from their trading, which will also prevent them from making mistakes that might cause them to loss their funds in it.
But, having the knowledge and the understanding of it will really help them to go a long way and can also make them to have time to strategize in their own way.

Many people are trading on many platforms and they want to trade to earn good amount of money. Many people are Investing their money and they think that their money is at risk because they could lose this money. Students are also investing in that because they want to pay their fees and they want to become a financial stable person in their life . Many people are doing jobs and they want to get more money from online platform but they have no mindset of investor and they are searching for a person who will take trade and will give them good amount of money. Trading is not risky and if you are taking at low value then you have more Cha to get high profit.

[Razmirraz]

Does anyone here do it trading full time income ?
Its a reality ? For example someone who trade binance futures leverage short and long can it be full time income for real ?

Some users here may make trading their full time income, but this activity is not easy for everyone because it requires sufficient experience, skills, and good risk management. Yes, maybe I am, but there's no certainty. It's important to emphasize that trading with leverage can increase profits, but the risk of loss is also significant, especially in uncertain market conditions.

Whats the capital that person needs about to make trading as full time income for himself.

The required capital varies, but as a rule of thumb, you need to have sufficient capital to avoid interrupting your trading activities when you need money to cover living expenses, anticipate the risk of loss, and take large trading positions to generate the desired profits. For example, if you want to earn $5,000 every week, then you need capital of around $50,000 to $100,000, but it depends on your trading strategy and the risks you can bear.

Not well managed capital will make you find another job so how the money in trading should be managed?

This is the most important part of trading. You must set a loss limit and always adhere to it. You also need to allocate capital wisely, if necessary, diversify your portfolio to reduce risk.

Is possible to make some 5000$ weekly minimum ?

It's possible, and you could even earn more if you're lucky. However, it's important to emphasize that trading is a risky activity. You need a solid strategy, sound risk management, and strong discipline to achieve consistent results.