Don't Go Full-Time Trading If You're Broke, Here's Why.

[nara1892]

This is the reason why we are always advised to first have a stable income in other fields before plunging into the world of trading, trading is not a get-rich-quick scheme, getting profits in it is not as easy as we think, it can even be much more difficult than a real job that sweats a lot.

But unfortunately there are always those who force themselves and usually they are people who have financial problems such as needing a lot of money in a short time until finally their rational mindset is lost and make decisions that ultimately make them even worse.
Simply put, in my opinion, trading is not for people who are chasing urgent needs.

[FanEagle]

Anything done without proper knowledge will cause problems later and this applies to those who engage in trading solely because they're influenced by others. There's no way to achieve success without good trading skills and almost no trader succeeds without proper knowledge. The market doesn't care how much you spend or even how many times you lose because it's always looking for greedy people who don't fully understand trading.

Worse yet when they experience significant losses in trading, they think they can recover those losses by engaging in trading full-time without the support of proper knowledge. This often leads to a breakdown in emotional control for those who think they can quickly recover their losses.

People don't do surgery if they have no education, people do not file their own taxes if they have no idea about laws, people do not teach classes at school if they have no knowledge of the subject, and yet for some reason they trade when they have no idea about trading. Obvious difference is that they won't let you do a surgery if you are not a surgeon, they won't let you teach classes if you are not a teacher, and yet law says you can trade even if you have zero clue, and that's the reason why they do it.

In reality, nobody should do something if they have no idea about it, if you are going to lose your money from lack of knowledge then why do it? Makes no sense to me, first you need to study and learn how to do proper analysis.

[Stable090]

Based on what I'm seeing now as a trend on social media, most scammers are deceiving the beginners, they make them believe that they can become rich through trading without doing any other job, that's why some newbies are so determined to be like their internet mentor.

Most people that you going to see creating posts like this on social media are the ones that are having signal groups, people like this are ready to say anything just for people to join their signal group, they just want to collect money from people and they going to be providing fake signals.

Lots of newbies are being mislead by all this signal providers, they do make newbies feel like trading is so easy, and they will never lose money whenever they are trading. They don’t say the truth about trading, because all they are after is just the money that they are going to receive. It’s better we don’t believe things we see on social media about trading.

[Shinpako09]

This is the reason why we are always advised to first have a stable income in other fields before plunging into the world of trading, trading is not a get-rich-quick scheme, getting profits in it is not as easy as we think, it can even be much more difficult than a real job that sweats a lot.

But unfortunately there are always those who force themselves and usually they are people who have financial problems such as needing a lot of money in a short time until finally their rational mindset is lost and make decisions that ultimately make them even worse.
Simply put, in my opinion, trading is not for people who are chasing urgent needs.

Probably they are deceived by those so-called social media influencers who are just showing the greens to get affiliates. They don't realize that trading is not for everyone. Since they are deceived, they imagine unrealistic outcomes in every trade they make. It's like when emotions are high, intelligence is low. People who are desperate usually get deceived easily. They think trading is as simple as it looks, and they believe they can become profitable in a short period of time.

[nara1892]

This is the reason why we are always advised to first have a stable income in other fields before plunging into the world of trading, trading is not a get-rich-quick scheme, getting profits in it is not as easy as we think, it can even be much more difficult than a real job that sweats a lot.

But unfortunately there are always those who force themselves and usually they are people who have financial problems such as needing a lot of money in a short time until finally their rational mindset is lost and make decisions that ultimately make them even worse.
Simply put, in my opinion, trading is not for people who are chasing urgent needs.

Probably they are deceived by those so-called social media influencers who are just showing the greens to get affiliates. They don't realize that trading is not for everyone. Since they are deceived, they imagine unrealistic outcomes in every trade they make. It's like when emotions are high, intelligence is low. People who are desperate usually get deceived easily. They think trading is as simple as it looks, and they believe they can become profitable in a short period of time.

Yes, I'm with you and I'm sure that most of it is due to the influence of the influencers' content that shows everything that looks tempting as a result of their trading activities, and lately I've seen some content creators trying to uncover all the secrets of the influencers who always appear luxurious in front of the camera, it was done when he realized how many victims of the promotional influencers.
One thing I will say here is that “everything that seems too easy to get is absurd”.

[justdimin]

Most people that you going to see creating posts like this on social media are the ones that are having signal groups, people like this are ready to say anything just for people to join their signal group, they just want to collect money from people and they going to be providing fake signals.

Lots of newbies are being mislead by all this signal providers, they do make newbies feel like trading is so easy, and they will never lose money whenever they are trading. They don’t say the truth about trading, because all they are after is just the money that they are going to receive. It’s better we don’t believe things we see on social media about trading.

Trying to get paid to make something like this is not a good way to make money and unfortunately there are a lot of people who will end up with mistakes along the way. If you fall for someone who promises you that they can get you rich, know that they are simply lying to get your money, it's as simple as that but there are still a lot of people who fall for it.

Unfortunately it is not going to end up with anything good, because there are no people who will help you that way and ask you for money. If someone is a great trader, there is no reason for them to charge you money, and there are some social media type of systems in places like binance where you can trade what someone else trades and they get a cut, so not a straight up beforehand payment.

[Kelward]

Based on what I'm seeing now as a trend on social media, most scammers are deceiving the beginners, they make them believe that they can become rich through trading without doing any other job, that's why some newbies are so determined to be like their internet mentor. Most of those internet mentors are just content makers that got promotion offers from brokers, they are hired to promote a broker and from there, they starts to tell false stories that would convince some beginners. Other beginners in my country who fall victims to it have realized themselves and are into jobs, they will go back to trading later.

People should be very careful about what they accept on social media because there are lots of garbages and deceptions, I see pop up adds about trading, some guy telling that you can be making hundreds of dollars everyday in your house, in the end they will share a link. Many young people are looking for get rich quick schemes and they will fall victim to influencers and fake projects, scammers are getting richer off ignorant people everyday.

I've always known that trading shouldn't be taken as a full time job because you don't control the market, as a matter of fact traders should only use amount that they can afford to loose to enter trade. It is not a job that you are guaranteed to make profit and if you make the mistake of relying solely on it for survival you will become very desperate which can lead you to chasing loses, you can become worse off at the end of the day. Gain knowledge from experienced traders and treat it like a side hustle, when you you start to become very profitable you can then consider it as a main job but I don't recommend it.