Is trading actually worth it? - page 26.

Mpamaegbu

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Once a man, twice a child!

Quote from: Beerwizzard on March 09, 2018, 07:15:40 PM

Seriously you won't find "pro traders" here.

Says who?

Definitely, yes trading is worth it and of course there are traders here who make money off trading even in this bearish market. We really can't make a classical generalization that no one makes a headway in trading because of few failed traders around us.

astrid.uchiha24

full member

Activity: 280

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Quote from: ?? on ??

In fact I remember that in Forex trading one of the most renowned traders, called Jarret, used to earn at most a 3% monthly return, but apparently in crypto trading the proportions of reality have been lost and everyone wants to win 100% every week.

That's because most traders get used to bull markets that happened most of the time in crypto market in the past year.
It's true that trading in stocks should be done in a conservative way because i think in stock trading there is a small movement in prices compared to crypto which makes crypto a lot volatile and a place of getting the bigger income and risk.

Coin-1

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Quote from: justone123 on March 09, 2018, 06:43:06 PM

Not in a bull market anymore so i'm looking at trading as a way to make money, but not sure whether it actually works. Note i'm not complete newbie, but i was never really trading.

I advice you to use an automatic arbitrage platforms or applications. You can trade on more than two crypto exchange markets simultaneously. There are special tactics almost with no risk to get profits named as "arbitrage chains".

cheefbuza

member

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There are skills to make yourself a better trader, but eventually, there's a big part of luck and patience.
Trading is a headache!

Willitivity

sr. member

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Trading is a good way to make some money, no doubt about that. Picking up a good number of coins and trading on them can guarantee you a very nice profit. But trading goes either way, things can go messy and you're likely to lose some of your investments. It's just a matter of being calculative and making good decisions.

Leonard2016

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well , it works for some ones , but not for everyone , as it grow it gets harder to analytic , and to make big money on it , nowadays trading have been hard and mining even harder!

kevoh

full member

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If you are not averse to the risks involved in trading and can make trading decisions not based on emotion, then trading is actually worth it as you understand what you stand to gain or lose, when you make your buys.

For those who do not have the heart for it, simply Hodling long-term does the trick.

bitbunnny

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You can still earn money with trading. But not so easy like few years ago.
I think that before almost everyone could be a trader and make some money. These days market is more complex and demanding, it takes much more time and efforts and to get some serious profit you realy have to be involved very deeply.
So I would say that good profit today can make only professional traders that are fuly involved with it.

Beerwizzard

full member

Activity: 924

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Quote from: jmlona on March 11, 2018, 01:17:09 PM

Quote from: Beerwizzard on March 09, 2018, 07:15:40 PM

Seriously you won't find "pro traders" here. If you take a look at the long term then Bitcoin is more likely to go up then fall down. Today BTC is way higher then it was a year ago and almost no one have any doubts that it will be way higher in the next year. That's like a long uptrend that makes it easier to get a profit and that is why so many people are thinking that they are good traders but in reality it looks more like a gambling then real trading.

Quote from: justone123 on March 09, 2018, 06:43:06 PM

Are "pro traders" making millions, or are they barely getting by and need to sell their signals and such?

In real trading pro traders are making about 20% annualy. That's the amount of earnings made by different hedge funds and investors like Warren Buffet etc. All those peopla and organisations are working day and night, hiring the best people, getting the best API and still not getting their x10000 income. It is naive to think that you will earn millions on trading by using your skills.

But this is not the stock market. I don't disagree that there are many who profit more because of the market than because of their skills but there are also many experienced and knowledgeable traders in this market. If you can beat holding then you are successful as a trader and many do just that.

Trading is more than just gambling but you need to be aware of the fact that there is an inherent risk, some of the best traders will still have long periods of loss and they'll make mistakes. You can't know what will happen with certainty so you just have to be well informed and hope that in the long run you get more right than wrong.

Somehow established crypto trading exist only a few years. Concidering the continuous bear trend during this time no one can call himself a "pro trader" yes. That's not about skills, it is just because the market is immature. Cryptocurrencies is a high-risk asset and it is wrong to talk about traders that trade only cryptos. Professionsl traders will never trade only crypto coins. If the annual income of the trader is over 20% of his deposit then he was lucky. High-risk trading is pretty close to gambling.

pawanjain

hero member

Activity: 2702

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Nothing lasts forever

There are only two types of traders in the crypto market who can actually earn some serious money in trading. This answers your question whether we can make serious money in trading crypto currency."Yes, we can". People who "Actively" trade cryptocurrencies on a regular basis are the ones who can make good money becuase they know what the current market is doing and hence they can trade accordingly if they have got good skills. The second ones are like me who buy crypto and hold it for long term or for atleast the moment when they get good amount profit while selling. All the other traders most probably lose the money they invest in trading.

BrewMaster

legendary

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There is trouble abrewing

believe it or not there is a lot between making millions and losing everything Cheesy

depending on your goals and your skills you can be in any of these options. you can earn a little, lose a little or earn a lot or lose a lot. so decide which one is your goal and which one your skills are most useful for.
yes it is possible to do all of this, and no it is not gambling at all. having risks and sometimes even being unpredictable doesn't mean it is gambling. you, as a trader, are always in full control and like a ship you have to steer your investment to make the best out of every situation, whether that situation is a storm or a clear windy sky!

you just have to learn the "how tos"!

pey

sr. member

Activity: 546

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Pro traders do make good money but I do not as I am unequal to this. I believe there is more losers in trading than any other activity.

Blessed J

newbie

Activity: 178

Merit: 0

Trading to me gives the most profit in the cryptoworld. Even someone like me who do not use much money in trading can make $300 a day. With trading, you are not worried about any scam and you actually know that your money is at stake so you make the efforts to earn more. It just requires a lot of time and strategic planning.

arseaboy

hero member

Activity: 644

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Quote from: justone123 on March 09, 2018, 06:43:06 PM

So yeah i'm just wondering whether can you make serious money with trading or is it more than not just gambling?

Are "pro traders" making millions, or are they barely getting by and need to sell their signals and such?

Not in a bull market anymore so i'm looking at trading as a way to make money, but not sure whether it actually works. Note i'm not complete newbie, but i was never really trading.

If you got a good knowledge about this system, then yes you will be able to earn decent earnings, people who manage to understand the risk and knows how to play with fluctuations will be able to survive from the market like this, if you wanted to earn then invest with knowledge and better to keep reading more information and ideas inside this forum, it will take as a gambling if you are just placing your entry without having any idea if the project that you supported is a good quality project or just a pumped and dumped project.

LodisMcguire

sr. member

Activity: 546

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It depends on how big your capital is.Trading is high risk and high return gamble,so you have to decide on when you have to buy or sell.Pro trader have much information and skill to read the situation in the market,by taking advantage of that they can easily making profit.If you want to try,start by gathering many information and try to read the flow of the market.

jmlona

member

Activity: 279

Merit: 16

Quote from: Beerwizzard on March 09, 2018, 07:15:40 PM

Seriously you won't find "pro traders" here. If you take a look at the long term then Bitcoin is more likely to go up then fall down. Today BTC is way higher then it was a year ago and almost no one have any doubts that it will be way higher in the next year. That's like a long uptrend that makes it easier to get a profit and that is why so many people are thinking that they are good traders but in reality it looks more like a gambling then real trading.

Quote from: justone123 on March 09, 2018, 06:43:06 PM

Are "pro traders" making millions, or are they barely getting by and need to sell their signals and such?

In real trading pro traders are making about 20% annualy. That's the amount of earnings made by different hedge funds and investors like Warren Buffet etc. All those peopla and organisations are working day and night, hiring the best people, getting the best API and still not getting their x10000 income. It is naive to think that you will earn millions on trading by using your skills.

But this is not the stock market. I don't disagree that there are many who profit more because of the market than because of their skills but there are also many experienced and knowledgeable traders in this market. If you can beat holding then you are successful as a trader and many do just that.

Trading is more than just gambling but you need to be aware of the fact that there is an inherent risk, some of the best traders will still have long periods of loss and they'll make mistakes. You can't know what will happen with certainty so you just have to be well informed and hope that in the long run you get more right than wrong.

squatz1

legendary

Activity: 1666

Merit: 1285

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It matters what you consider worth it and the risk tolerance you're ready to open yourself up to. If you're a trader that's spending 40 hours a week trading and is barely able to make a few hundred dollars, or you're losing money -- then, of course, it's not even close to worth it. But if you're able to spend less time (like drastically less) and make that money then so be it.

Time is money, and you could have another job with all of the time of a full time trader.

Beerwizzard

full member

Activity: 924

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Seriously you won't find "pro traders" here. If you take a look at the long term then Bitcoin is more likely to go up then fall down. Today BTC is way higher then it was a year ago and almost no one have any doubts that it will be way higher in the next year. That's like a long uptrend that makes it easier to get a profit and that is why so many people are thinking that they are good traders but in reality it looks more like a gambling then real trading.

Quote from: justone123 on March 09, 2018, 06:43:06 PM

Are "pro traders" making millions, or are they barely getting by and need to sell their signals and such?

In real trading pro traders are making about 20% annualy. That's the amount of earnings made by different hedge funds and investors like Warren Buffet etc. All those peopla and organisations are working day and night, hiring the best people, getting the best API and still not getting their x10000 income. It is naive to think that you will earn millions on trading by using your skills.

strongwarrior238

member

Activity: 294

Merit: 10

Quote from: justone123 on March 09, 2018, 06:43:06 PM

So yeah i'm just wondering whether can you make serious money with trading or is it more than not just gambling?

Are "pro traders" making millions, or are they barely getting by and need to sell their signals and such?

Not in a bull market anymore so i'm looking at trading as a way to make money, but not sure whether it actually works. Note i'm not complete newbie, but i was never really trading.

With the current market boom, bitcoin prices and altcoin knitting has been steadily declining over the past few days and there is no sign of recovery, so we trade successfully at this time. extremely difficult. It can be seen that in order to be able to trade successfully, we need to have experience, and if it is, the profit can not exceed 5%.

Wallflower28

member

Activity: 378

Merit: 11

Quote from: justone123 on March 09, 2018, 06:43:06 PM

So yeah i'm just wondering whether can you make serious money with trading or is it more than not just gambling?

Are "pro traders" making millions, or are they barely getting by and need to sell their signals and such?

Not in a bull market anymore so i'm looking at trading as a way to make money, but not sure whether it actually works. Note i'm not complete newbie, but i was never really trading.

It can be, though sometimes there are unnecessary events in tradings like dumping of altcoins. Probably, if you are a pro-trader you will always know how to control yourself during bearish season and play your capital when there is rapid change in the price.
Most of the time, pro-traders are the one who has the biggest possibility to manipulate the market as well as to earn a lot of income. Therefore, trading can be a source of income and if we are lucky, we can be a millionaire because of trading.

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