Topic: What ways can a trader raise money? - page 3. (Read 647 times)

Let me be frank with you now, we can't exclude the safety of people securing a job before engaging in trading, this is the only way they can calm their nerves doing it. Many would say that they can do it, but after many years, have they done it? That is part of the issue. Trading would have been better in terms of the money people gain and their consistency in it if they were not so desperate about it, and this desperation is as a result of the lack of a quality job they can fall back on if the money they are trading with was lost. This will always cause emotion for traders and no matter how you think you are good, once the emotion creeps in, then your trading account is technically finished because sooner or later, you will hit the margin call and will be stopped soon after. That is why the psychological part of trading must first be taken care of before trading if you have the opportunity, you can't just remove that from it.

However, if your view is to be enforced, then it could be good that they at least engage in some menial jobs still, there is no alternative to that. What helped me in trading today was my persistence in depositing one way or the other and I am happy to tell you that I would have blown more than 100 trading accounts before I became a consistent earner. If one has no job or a means of replenishing the trading account to continue learning, do you think it will be easy? Regardless, such a person may still engage in some posting for bonus activities of some brokers and try demo contests to try and gain funds. If they work for him, then it is still a good bargain.

It's actually good to have job and at the same time trading. I know a lot of people who only do day trading but they have good profit, though it is really depends on the trader what fits for them but personally if I have job. But I also know someone who leave their job and become a full trader, the risk here is that you'll lose a consistent source of income and if you rely on trading which is not always winning, it's risky to lose your job but if you are confident with your trading, I don't see reason why you should stay at your job.

I think what you said is clear enough for everyone to understand because everyone does not have to sacrifice their main job which has long provided them with an income in order to live. Because trading in the crypto market can actually be done at any time when someone is ready to do it, although it would be even better if when trading, the market conditions are also in good condition. But the main job that can continue to provide income every day or every month should not be ignored because with that we can develop more jobs in other fields including trading.

You need to do your own research before tradinghttps://www.coincarp.com/learn/what-is-on-chain-analysis-and-how-to-use-it-for-crypto-trading/

You know that even if anyone enters the crypto trading field in this industry is if they do not have an interest lesson or find out the Crypto trading I think they are also ignoring the work, but it is also a waste of time The source of income they will use in conducting trading activity here in the crypto space.

It's still better to have a stable job so they have a cryptocurrency -buying money that they think will provide earnings in the future, just as simple enough to understand?

There is nothing wrong with learning, everything should be learned, what is learned is never wasted, whether it is trading or any other knowledge, it may come in handy sometimes. Even if you learn it, it is very difficult to do trading without investment, because what you have learned will be done by you and not by others, so it is very difficult to convince anyone to invest in trading. Yes, if you are lucky enough that someone gives you a loan to invest in trading, then it can be said that you will be successful, but it is not as easy as it sounds. Just think if anyone asks for your money that I am investing in a place where there is a possibility of profit and it is also possible that the whole amount is lost.

Would you be able to pay him a large sum as consolation? That's why I always say that if you have little income or no income, then you should first find another source of livelihood from which you can earn your income, save little by little from it, and when you are sure that you have accumulated a good amount, then you can start trading.

Well if the trader is actually good and they don’t have much income they can set up one of those trading services where other traders can copy them for a fee.

I think Bybit or Binance do this. If the trader can easily double his account every week for a couple of months then many will copy him. And those who trade larger position sizes will contribute to his fees.

Precisely. There’s no such instant money that is just intended to trade and expect profits. It’s either you save it for long or you keep your spare money out from your job compensation. There’s no one out there who will just give money for free so you can use it in trading.

Now, if you’re new into trading, there’s more to mistakes and losses than enjoying your trading profits. And we all know that since trading is always hard at the beginning. And in order to gain more experience in trading and enhance your potentials, then have a real job that will pay you fixed amount so you can spare some extra money into trading.

Please be kind to others and don't do this if everyone is reading here and thinking of this as an option.

Don't mess around and don't bother other people that are quiet with their own lives and you'd suddenly appear on their lives and try to convince them to fund you even if you're not a good trader.

I've seen good traders that are true profitable but avoids this kind offer.

Advice? Don't trade. That's the best advice that I can give to a newbie.
Always take note that the market doesn't care about you. It doesn't care if you lose millions of dollars, or if you lose money that you saved for 10 years.

The market is very brutal especially for newbie. A newbie trader that has it's own money has a high chance to lose his money because he doesn't know everything. It will be hard for the newbie to make money in trading knowing that he's still a newbie. Instead of him earning money, he might be earning disappointment and regret. No source of income? That's ridiculous. Where will that newbie get that money lol? Begging might be an option, but at the end of the day, that newbie will not make money in trading.

Trading without your own capital is almost impossible unless you're an expert trader and you can convince other people to give you money and you will trade those money for them (which currently is not advisable as well). Newbie trader? No source of income? He want's to trade? It's a recipe for disaster, and I would suggest to stay away from trading, and find a source of income first.

It's really impossible to trade without capital, especially for newbies and to young people who doesn't have a job. It's also not good that they would ask for money to others or encourage them to invest in you and you'll do the trading. I would really advise to save up some money in doing some kind of work (I know you said this is excluded but it's impossible to trade without capital) and not because they are working and has a good paying job doesn't mean that they will not trade.

Most of the people who have good source of income still invest and trade cryptocurrency not only to multiple their money or have extra income but also as a form of investment too.

It is difficult to suggests someone who does not have any source of income to start trading. They must have a source of income so they can allocates some money to learn trading and start trading. That situation was possible in a few years ago when someone could still gets the coins from faucets and then used it to trade.
But they can gets capital through airdrop programs which can allows them to get tokens or coins and send them to the exchanges. They can sells their tokens or coins and then traded. But we know that not all airdrops can provide decent results.
I would advise them to use a demo trading account to learns how to trade until they really understand. Maybe I'll lend them as much money as I can afford to see how serious they are about learning the trade.
But they must be able to have a source of income first so that they don't needs to borrows money from other people and can also meets their daily needs.

Without knowledge and other sources of income, trading will be the worst risk to carry because you must lose, no doubt. So how did you expect him to save up some money and dive into trading? He is still a newbie in trading, which is similar to his critical time in trading. Without a strong source of income, if you go into trading, you will end up losing all the money that you have gathered, so going into trading must not be for someone who has no source of income.
 
If not, he or she will be completely bankrupt, which will definitely confuse him, and from there, the interest will reduce due to the loss of funds. So, whenever you give advice to someone about trading, you should always make sure that you are open and telling him the true facts. Don't try to persuade him in any way, it might be very dangerous to him in the trading space.

Those that have the resources before going into learning to acquire trading knowledge, I think it will be very easy for such traders to grow higher in the community, because they can use huge amount of capital to purchase coins from the market and hold for the bullish season to appear before they can trade to make a passive income from the trading. Newbies can achieve their goal in trading, if they can exercise patience to acquire the knowledge of trading before looking for what to do around their environment to start saving some money that will make them to be part of another bearish season that will make them to use the money to purchase profitable coins, that will bring good results from their trading in the future. I don't think, strangers will invest through newbies, because people have experienced a lot of losses from newbies which will be the reason people will not invest through newbies, but if the newbies can endure, they will definitely generate capital to trade.

A trader who is going to start a business in a new state and has no source of income or no capital I would suggest that first he should get enough knowledge about the business and secondly he should find a source of income. Because a person who has no capital or no source of income is completely dependent on trading, but he may face a lot of financial problems, that's why he needs to secure an employment from which he will get a certain amount of money every week or every month.
Whenever he gets a certain amount of money every month from another source of income, he can use that money for trading in addition to meeting his needs.

For me, I envy people who are newbie traders without any source of income. Why? Because they have very plenty of time to learn trading, practice, and master.
While people who got other things to do like other source of income or full time job, they may busy sometimes and don't have more time to learn trading or do trading actively.

Without going to get a job I think one strategy that knowledgeable traders use to get money to trade is to either sell their course or start paid tutorship. There are many traders out there that don’t want or cannot self learn so they pay for mentorship. Traders with knowledge with much capital offer this services. Another one so they sell signal they generate. Although I don’t support newbies going for this especially paying for signals, but it is a way some traders earn. So a knowledgeable trader with little or no capital can actually offer paid tutoring for complete beginners.


This is most at times called account management. This is the riskiest thing to do in trading no matter who knowledgeable you’re. If a trade goes wrong and the funds lost most clients ask for their capital back. This is same thing as borrowing money to trade and it is very bad that has even worsen the situation of a trade self

You're asking people to exclude the option of getting a good job, but that’s just the best thing to do. If you have searched for a job and couldn’t get one, then you can start participating in all these online services. If you have any skills, you can just display them on the forum here, and anyone interested will contact you. You can also participate in bounties and airdrops. If you are lucky, you might be able to raise a small amount to start trading, but we should know that most bounties and airdrops are currently scams, so you have to be careful.

That's what I will never advise a trader to do. No matter how professional you are, you shouldn't borrow money from anyone to trade. If you borrow money to trade, in case things go against you and you end up losing the money, how will you be able to pay it back? If you are trading with borrowed money, then you will be under tension, which might even cause you to lose money easily. Just make sure you trade with your money, which should be what you can afford to lose.

I highly doubt newbies would be able to persuade others to invest in them, most people would just assume that they're a scam. The small percentage who would believe that they aren't a scam probably wouldn't agree as well since, well, you're a newbie. Why bother with you when there's more experienced traders you can probably hire to manage your portfolio no?

Honestly excluding the option of them getting a job is just dumb, the only method you'd be able to earn and save up money IS by working. Doesn't matter if it's under a company or freelancing, they're both work.

In order to become a real trader who receives profit from trading, it is necessary, in addition to knowledge, also experience, which cannot be obtained without practice. I am sure that he mistakenly believes that he knows how to trade. So he has only one option, to earn in real life, and if he doesn't want to work, then let him try his luck at Powerball.