Positive effect of trading in our life.

[SuperBitMan]

Trading is something that has been useful in the world and it has really impacted positively in the life of some set of people, and this are the positive effect of trading in our life’s.

1. Source of Income:
Trading has become a source of income for some set of people and they are really using trading to take good care of their self and their family.

2. Financial Freedom:
Those that are successful in trading may become less dependent on salaries or jobs, thereby gaining freedom to manage their own finances very well.

3. Improves Financial Knowledge:
When you are a trader you will really improve when it comes to financial knowledge, because trading will help you to know Risk management and also help you have a saving and investment habit.

4. Discipline and Patience:
When you are a trader you will be more disciplined and patient in anything you do in life, with trading you will be able to control your emotions, have proper planning for an investment and the patience to wait for the right opportunity. These skills are useful in real life decisions too.


What have you again from trading, that has really helped you.

[Charles-Tim]

1. Source of Income:
Trading has become a source of income for some set of people and they are really using trading to take good care of their self and their family.

Result from AI:

Based on analysis of regulatory data and brokerage reports, approximately 70% to 95% of retail traders lose money and fail to achieve consistent profitability over the long term.

Day Traders: Roughly 80% to 99% of day traders are unprofitable. Studies indicate that only about 1% to 13% of day traders maintain consistent profitability over periods ranging from 6 months to 5 years.

Forex Traders: Regulatory reports show that about 70% to 80% of retail forex accounts are unprofitable in a given quarter.

2. Financial Freedom:
Those that are successful in trading may become less dependent on salaries or jobs, thereby gaining freedom to manage their own finances very well.

Most traders are losing.

3. Improves Financial Knowledge:
When you are a trader you will really improve when it comes to financial knowledge, because trading will help you to know Risk management and also help you have a saving and investment habit.

This is not true. People that are not trading have very low money loss tolerance, unlike traders that have high money loss tolerance like gamblers.

4. Discipline and Patience:
When you are a trader you will be more disciplined and patient in anything you do in life, with trading you will be able to control your emotions, have proper planning for an investment and the patience to wait for the right opportunity. These skills are useful in real life decisions too.

This is the what most traders lack that make them lose.

[batang_bitcoin]

There was no need for me to check my write up, because I wrote it by my self and I didn’t use AI, but to clear others that may believe you that I used AI, this is the result from a very reliable AI detector.

I guess that you've mistaken him. He's not pointing you that you've used AI. He's replying about the source of income from trading and that's what AI said in his reply with color gray font.

Result from AI:

Based on analysis of regulatory data and brokerage reports, approximately 70% to 95% of retail traders lose money and fail to achieve consistent profitability over the long term.

Day Traders: Roughly 80% to 99% of day traders are unprofitable. Studies indicate that only about 1% to 13% of day traders maintain consistent profitability over periods ranging from 6 months to 5 years.

Forex Traders: Regulatory reports show that about 70% to 80% of retail forex accounts are unprofitable in a given quarter.

2. Financial Freedom:
Those that are successful in trading may become less dependent on salaries or jobs, thereby gaining freedom to manage their own finances very well.

I want to achieve this with crypto. Not entirely by trading only but by accumulating and holding. It's possible to achieve financial freedom but I think if it's with the people like me, it's hard to achieve it with trading.

[SuperBitMan]

There was no need for me to check my write up, because I wrote it by my self and I didn’t use AI, but to clear others that may believe you that I used AI, this is the result from a very reliable AI detector.

I guess that you've mistaken him. He's not pointing you that you've used AI. He's replying about the source of income from trading and that's what AI said in his reply with color gray font.

Yeah, I have deleted my reply, I didn’t understand it at first. My apologies to Charles-Tim.

2. Financial Freedom:
Those that are successful in trading may become less dependent on salaries or jobs, thereby gaining freedom to manage their own finances very well.

I want to achieve this with crypto. Not entirely by trading only but by accumulating and holding. It's possible to achieve financial freedom but I think if it's with the people like me, it's hard to achieve it with trading.

You are right, it’s very difficult however some set of people are doing it, trading is not my only source of income, and those that use trading as their only source of income may actually succeed, because were you feed from is were all your attention will be.
And yeah with long term investment and trading it will be more easier than doing it with only trading.

[Charles-Tim]

Yeah, I have deleted my reply, I didn’t understand it at first. My apologies to Charles-Tim.

You are welcome.

You are right, it’s very difficult however some set of people are doing it, trading is not my only source of income, and those that use trading as their only source of income may actually succeed, because were you feed from is were all your attention will be.
And yeah with long term investment and trading it will be more easier than doing it with only trading.

Trading has been the reason some people lose just because they wanted fast profit, they lost all the money but bitcoin later went almost 10 times.

It is very good to use small amount of money to trade, an amount of money that you can afford to lose. Make sure you make money for months and overcome the emotional part that will drain back the profit and trading capital. I am referring to traders generally.

It is easy to talk about trading, but trading is almost similar to gambling when referring to how risky is it.

If you trade and make money from it, that is good, but for me I lost money in trading than I gained. I prefer to just hold.

[SuperBitMan]

You are right, it’s very difficult however some set of people are doing it, trading is not my only source of income, and those that use trading as their only source of income may actually succeed, because were you feed from is were all your attention will be.
And yeah with long term investment and trading it will be more easier than doing it with only trading.

Trading has been the reason some people lose just because they wanted fast profit, they lost all the money but bitcoin later went almost 10 times.

It is very good to use small amount of money to trade, an amount of money that you can afford to lose. Make sure you make money for months and overcome the emotional part that will drain back the profit and trading capital. I am referring to traders generally.

It is easy to talk about trading, but trading is almost similar to gambling when referring to how risky is it.

If you trade and make money from it, that is good, but for me I lost money in trading than I gained. I prefer to just hold.

Yeah you are right, wanting fast profit or quick money will always make you lose more than you gain, my advice to new traders is that they should never rush to make profit. Because rushing in trading is the starting of failure.

True one should use only small amount of money or there discretionary income to trade, this way you won’t be affected badly when you lose a trade or money in trading. And again don’t take trading as your only source of income, because it’s very risky.

The risk in trading and gambling is actually a little bit different, the risk in gambling is higher than that of trading.
Gambling is based on mostly luck not skill, and in crypto trading, price are actually volatile and one can lose money because of that. But in trading You can study charts, market trends, and risk management, that will help you gain more profit, unlike gambling.

A lot of persons has same experience of losing more than they gain in trading, and many now prefer to accumulate and hold bitcoin for long term, those who are skillful in trading and gaining more than they are losing should carry on.

[Mpamaegbu]

What have you again from trading, that has really helped you.

OP, you're right with your points. For me, it doesn't stop at financial freedom. It extends to Freedom of mobility. You can move anywhere you want without taking permission from anyone and still be making your money on transit.

Trading gives one the convenience of being their own boss. You don't get to leave your home to work because you can quit your 8–5 once you become profitable. Nothing beats that feeling.

I laugh when I read people dish out percentages of profitable traders and make it abysmally small. Some say it's less than 5% and I wonder where they get their stats from. The bogus figures put out are likely to discourage a lot of people from trying to get into trading. Who knows, those ones may even be the supposedly winning 5% if they aren't scared away by the doom stories they read.

Anyway, the simple thing is this – everybody won't succeed at everything. Take for instance, some of us invited friends, colleagues or family members to this forum or introduced Bitcoin to them. How many of these ones are still here today? They gave up, right? That's how it's. Not everyone will come out victorious in whatever they do.

[Bitcoin Smith]

Trading widens the money making opportunity, for someone who worked for salary will explore the possibility of making their entire month salary in just few trades and the best of all is we can work at our conveninece, no need to wake up early in the morning or drive in the traffic to reach office and answerable to the seniors in your office. Trading not just gives the financial freedom but it also gives you the freedom of choosing your working hours but trading isn't easy, you can lose money faster too so be conservative and set your goals prior to the trades.

[Merit.s]

1. Trading cannot be used as a primary source of income because making profits isn't guaranteed. Anyone that wants to survive solely on trading is a gambler and will finally end up with the fate of a gambler.

2. It's the opposite because you need money to trade after several losses. Trading gives financial losses.

3. Trading cannot improve your financial knowledge on financial management because trading has nothing to do with real life on how to make a good financial decision to become successful.

[Muba20]

If a trader starts trading after acquiring the right knowledge, then he can benefit financially. If one trades correctly and patiently, then his chances of profit will definitely increase. A trader can profit from trading platforms with little capital. If a trader can devote some time to trading in addition to any other work, he can benefit financially. By trading, a trader can gain a better understanding of the trends in the market, which can help a trader become much more profitable in the future.

But before starting trading, a trader needs to acquire some skills, especially market analysis, understanding market trends and other technical aspects including risk management, which helps the trader to increase his skills and profits in trading. A trader also understand the issues of discipline and controlling emotion. Apart from benefiting financially through trading, a trader can benefit in many ways.

[Kelvinid]

Everything you've mentioned may be true but they could be easier said than done especially that majority of the traders are still losing these days.

Reality is, it takes time to be a good and profitable trader. And the hardest part is, you may lose first and mess up your finances before you will learn the best advantages of trading, before you will experience them on your own.

But trading as a source of income, as a source of financial freedom, these cannot be achieved easily by just a regular trader, but with an experienced and professional trader, maybe it could be realized but within a long period of time.

[Ndabagi01]

You are right, it’s very difficult however some set of people are doing it, trading is not my only source of income, and those that use trading as their only source of income may actually succeed, because were you feed from is were all your attention will be.
And yeah with long term investment and trading it will be more easier than doing it with only trading.

Trading is not a place you can make quick money from without having the knowledge of the market, just make sure that you’re making the right choices and putting in the best effort needed for the understanding of the market. Trading as a source of income is entirely not a bad idea to me, it helps you to become even more serious about it and when you see the most successful traders today, their major source of income and days spent are on trading classes, learning and relearning to become a better version of themselves.

Having another source of income can help to fund your trading game which also helps in how long you can reach profitability in trading. This could be a form of distraction, but you can’t leave what fetches you money to fund other sources when the other sources are not yet clear yet to fetch you that kind of money. Everything is a gradual process and sacrifices needs to be made along the line to grow in whatever you do.

[Vaculin]

All these things will be realized if you are doing trading the proper way, and if you have your best skills and working strategies when trading. However, not everyone is making a fortunate outcome after trading, most of the traders are still at loss no matter how hard they try to improve their trading career.

And all these things you've said may only be left in paper or may left as a trader's dream, because what is happening in reality is the opposite and its a sad reality especially for those who really aim high from trading.

[Zaguru12]

I laugh when I read people dish out percentages of profitable traders and make it abysmally small. Some say it's less than 5% and I wonder where they get their stats from. The bogus figures put out are likely to discourage a lot of people from trying to get into trading. Who knows, those ones may even be the supposedly winning 5% if they aren't scared away by the doom stories they read.
 

They are actually not making the stats small or in any way actually trying to discourage intending traders rather this is actually the reality, we see so many people parading as trading influencers or successful traders and are selling courses as mentors and also lying to traders that it is an easy way to get quick money.

There are successful traders but I can say that the percentage of successful traders are seriously low not that there isn’t but if you look at statistics of the amount of lost in liquidations you will be able to fathom that most of the traders lose and this is easily because they treat trading like a gambling. If we are to actually talk about the percentage of losers in gambling I think it will be less than 5%

[Hamza2424]

Trading is something that has been useful in the world and it has really impacted positively in the life of some set of people, and this are the positive effect of trading in our life’s.

What have you again from trading, that has really helped you.

Discipline and patience are some good characteristics bro, but when a person is trading, they are not just learning they are also rewiring, because when we are learning trading, we are making progress but somehow trading gets into our psychology, like we might develop anger or our hearts might get hardened.

We might develop the patience to lose more so sometimes we are losing a lot of funds but we are chilling because we have developed so much patience and that is not healthy.

I gained all of the above you mentioned and out of all thing, is the knowledge to control my anger haha, I know what I just said but those who can realize what changed are they going through, then they can actually make their psychology better.

[Maslate]

I have to agree that trading improves financial knowledge, discipline and patience. But seeing it as a reliable source of income and an outlet towards financial freedom, I doubt it especially if you have no other sources of income, expecting these outcomes from trading would be far from reality.

However, most often those who succeeded from trading are also making good investments as well. I think this is a perfect combination, as you need reliable source of funds to keep you going with trading, and to keep you moving forward.

[batang_bitcoin]

2. Financial Freedom:
Those that are successful in trading may become less dependent on salaries or jobs, thereby gaining freedom to manage their own finances very well.

I want to achieve this with crypto. Not entirely by trading only but by accumulating and holding. It's possible to achieve financial freedom but I think if it's with the people like me, it's hard to achieve it with trading.

You are right, it’s very difficult however some set of people are doing it, trading is not my only source of income, and those that use trading as their only source of income may actually succeed, because were you feed from is were all your attention will be.
And yeah with long term investment and trading it will be more easier than doing it with only trading.

I know people that does trading for a living and I understand how hard it is. It's possible to do it with trading but after learning it, I can just put it as a side hustle and not rely on it because it's riskier than what people think. And that's why if there are real life full time traders and are making it, congratulations to them. They're part of the few that really makes money out of it because not everyone does. The majority of the traders, old and new ones are losing more than what they can afford to in hope of reaching financial freedom.

[Asuspawer09]

I mean, for sure trading might have a lot of positive effects in life, but there are also a lot of negative effects, or probably it is going to depend if you are successful or not on it.

- Source of income, I mean trading along in my experience was not a good source of income, or maybe we should say it wasn't a consistent source of income since it doesnt have the security that a job is going to give you, it wasn't something guarantee there are days or trades that is not going to pay but in fast most of the time it is going to be a loss.

-Financial freedom, have a different freedom for me, having the financial foundation, having a passive income that is excedding your expenses if going to give you financial freedom, trading is not going to guaranteed that.

-Trading is not going to guaranteed knowledge since it is still going to depend if you actually wanted to learn, there are a lot of traders that is just doing it doesnt want to learn just want to do the bet, do gamble a huge amount of trading and end up losing.

-I mean it is going to teach you discipline and patience. I learn it the hard way on the investment end up losing a lot of potential profit, but for sure not guaranteed learning.

You surely could learn a lot of things on trading, something that you could compare to life, and challenges etc. But still learning should be applied, learning from your mistakes is great, but it was useless if you are not going to applied it or change something about what you are doing. You need to apply what you have learned and make it work.

[ScamViruS]

A trader can realize these things when he trades properly. A trader must start trading after acquiring proper trading knowledge otherwise all these points can be effective in other ways. Trading can give us a lot, including financial freedom, if we can acquire the proper skills about trading.

Therefore, a trader must gain experience before starting trading so that they can stay in the market for a long time. Otherwise, no matter how much we write positive things, they will not get the expected results in their trading journey.

[Stalker22]

I dont know.  To be honest, for every one person who hits those points you listed, there are probably a hundred people who just lost their savings trying to "day trade" their way to freedom.

A regular paycheck and investing for the long term gives most people a better chance of success than trying to outsmart the market.  But if it works for you and it makes you happy, go for it!