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Topic: Is trading an occupation? - page 6. (Read 1095 times)

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April 07, 2021, 05:13:40 AM
#67
If you are good with it and you do it full-time then you can consider it as an occupation or a job, the only problem with that though is a lot time and effort should be put into it before you can consider it as your job. Also, there is a job called fund managers that are actively trading stocks so I guess crypto trading is a job.
Maybe before that person uses trading as a full time job, he needs to spend many times learning to trade because trading is not an easy way to make money. I see some pro trader use trading as their main job, and I know their story beforebecominge a pro trader because they tell their story that they spend many times, hours, and dayslearningn to trade. They say that it is hard to search for many sources but that is worth doing as now, they can make a living from trading.
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April 07, 2021, 03:28:15 AM
#66


We could define crypto currency trading as follows:
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.

What could we deduce from this. Could there be a contrary view. Because for me crypto trading can be classified as an occupation in at this point of the world's evolution especially in underdeveloped and developing nation's where unemployment is hitting the peak of the day. Crypto trading could be an alternate source of lively hood which could payoff most of the bills some highly paid jobs can not attempt to clear off. This post isn't meant to discourage you from your job. It's only an eye opener. Crypto trading can still serve as a side hustle to settle bills before the arrival of our large salaries.



In my opinion all kinds of traders can view their trading as occucpation. It doesn't really matter if you trade stocks, currencies, commodities or cryptos. As long as you are making a profit and can live of your trades than it is an occupation. Using trading to pay our bills is a good idea, but we also need to be careful that we fullfill all the regulatory requirements in our countrs. Another issue would be to pay taxes from our trades. It is not always the case that the broker or exchange will directly post our returns to the tax collectors, we might need to do it ourselfs. So taking away some profit for the tax payments at the end of the year is a factor we need to take into onsideration.
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April 07, 2021, 02:52:54 AM
#65
Occupation means a job or profession. I don't consider trading an occupation but instead, it is a business where your main goal is to not get bankrupt. You buy a stock or crypto, etc. at a particular price then sell it for a higher price. It's like you have a mini grocery you buy some goods at a cheaper price then sell them higher. Trend can be correlated on those because you will prefer what gives you more profit in a short amount of time. Trading can't really be an occupation even if you are good at reading charts and indicators. You can't always predict the market especially if it's cryptocurrencies where the coins are very volatile.
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April 07, 2021, 02:27:07 AM
#64
If you are good with it and you do it full-time then you can consider it as an occupation or a job, the only problem with that though is a lot time and effort should be put into it before you can consider it as your job. Also, there is a job called fund managers that are actively trading stocks so I guess crypto trading is a job.
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April 07, 2021, 12:53:14 AM
#63
I can say yes because some people who do trading earn money from doing it,  even though the income that you may have from trading is no stable it can still be an occupation, even though cryptocurrency is not yet here, trading is already there because some are already trading in a stock market and some people already chose to trade than staying on their career, the same things happen on those who trade in cryptocurrency.
Isn't it true 80 percent of traders lose then?
That is also what was my friend told m about trading, he told me as well that it is better to gamble as you can have a 50% chance of winning compared to day trading where you will only have a 10-20% chance of winning, I don't know if this is true or not or this is only for the beginners of the day trading.
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April 07, 2021, 12:48:58 AM
#62
Some people consider it as a profession/"occupation". But I wouldn't if I were them. The crypto market is very volatile and making is a full time profession is very risky. There is no guaranteed source of salary/income from crypto trading. You may be left without anything at all! You may make some good profit in a month and the next month you may make nothing or lose everything. How are you going to pay your bills then?
Maybe keep crypto trading as a side hustle?
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April 07, 2021, 12:40:28 AM
#61
Isn't it true 80 percent of traders lose then?
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April 07, 2021, 12:05:15 AM
#60
For me yes. Trading can be considered as an occupation because there are certain requirements to be a trader and there is profit involve plus there are already tons of people who are happily sitting on their couch earning more money than other people who work in the corporate industry. But always remember that trading is not for everyone, there is more nonprofitable trader than profitable traders.
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April 06, 2021, 11:49:09 PM
#59
Trading can possible becomes an occupation there are a lot of YouTubers doing this kind of thing and they are sharing those to the groups and more social media sites and good to see that but I think it requires a lot of investment like $3000 or more when starting trading if you want to earn a large profit you need to risk a large amount too.

I still choose having a stable job because what if the market volatility becomes low also it's better to secure anything and choose to trade as a hobby
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April 06, 2021, 10:47:22 PM
#58
Trading is very open to everyone whether you are professional or not. Because in my case I am not a degree holder and yet after 1 year of studying crypto trading anyhow I gained understanding about it, even up the present I continuous to learn from it, because the more we do the actual trade is the more We feed ourselves in idea and knowledge about this matter. And I'm not an employee at the moment for 6 years now and yet I survive via crypto trading now.
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April 06, 2021, 01:08:24 PM
#57
I believe it is an occupation.  Let it trade online and offline it must work, much like a business. Most people in Lockheed choose to trade as an occupation. We are earning income through trade, whether it is more or less. In addition to the actual work, we are using it as a bypass. So what's wrong with calling it an occupation?
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April 06, 2021, 11:25:55 AM
#56
Quote
Crypto trading could be an alternate source of lively hood which could payoff most of the bills some highly paid jobs can not attempt to clear off.
your working in a high paying jobs and you cant pay bills but what kind of bill was that  .
normal bills that we found on our house hold is easily paid by a normal paying job .
we need to live a life acording to our status to be able to pay our bills easily but if we want a little luxury and our job pays small , we can add trading to support it
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April 06, 2021, 11:11:20 AM
#55
I know of so many who dropped their jobs to take up trading as a life time carrier despite the volatility of the market. A whole lot made hudge fortune from the market. So many made what the have never achieved throughout their life time in office jobs in few trades. Some other set abandoned their jobs and took up a carrier in trading mentorship. This has brought hudge fortune to traders who understand their market analysis at large.

Would trading be called an occupation if this be the case. I ask because I see a whole lot of persons who see trading as gambling and even discourage prospective traders not to venture into such. Is trading really gambling or does it in any way have similarities with gambling. This part has to be clearified because it is really bringing heavy argument in our society.

Most religious bodies still kick against trading with the view that it is a form of gambling that has 60% certainty if traded with caution. But if the certainty is above average then why do we still regard it as gambling?

From: https://www.ig.com/en/cryptocurrency-trading/what-is-cryptocurrency-trading-how-does-it-work

We could define crypto currency trading as follows:
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.

What could we deduce from this. Could there be a contrary view. Because for me crypto trading can be classified as an occupation in at this point of the world's evolution especially in underdeveloped and developing nation's where unemployment is hitting the peak of the day. Crypto trading could be an alternate source of lively hood which could payoff most of the bills some highly paid jobs can not attempt to clear off. This post isn't meant to discourage you from your job. It's only an eye opener. Crypto trading can still serve as a side hustle to settle bills before the arrival of our large salaries.

For me trading is also an occupation because you can use it to earn and not just as an alternative but you can focus on it if you want. You just need to learn and educate yourself first before entering or making it as your occupation. And of course be sure that you have a huge capital to start. I don't agree that trading is gambling. In the old days people did not use money instead they traded with the things they had. It means even before trading is already present, but unlike nowadays that we use cryptocurrency instead of things or goods to trade. Sometimes, Religious group are very exaggerated. On their eyes and views making money using crypto are gambling but you know some of them are also investing in crypto, right?!
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April 06, 2021, 10:34:40 AM
#54
I know of so many who dropped their jobs to take up trading as a life time carrier despite the volatility of the market. A whole lot made hudge fortune from the market. So many made what the have never achieved throughout their life time in office jobs in few trades. Some other set abandoned their jobs and took up a carrier in trading mentorship. This has brought hudge fortune to traders who understand their market analysis at large.

Would trading be called an occupation if this be the case. I ask because I see a whole lot of persons who see trading as gambling and even discourage prospective traders not to venture into such. Is trading really gambling or does it in any way have similarities with gambling. This part has to be clearified because it is really bringing heavy argument in our society.

Serious trading requires time, effort and hard work to learn and has nothing to do with gambling.  It's a profession which isn't coming easy and a lot of people never turn consistently profitable no matter how hard they try.  The problem is, that the gamblers, the get-quick-rich guys and the scammers define the picture the society has about traders.
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April 06, 2021, 10:32:28 AM
#53
Trading isn’t occupation for most people. But, some people take it as their occupation. Some traders gained so much knowledge in cryptocurrency trading. Some of them take it as their occupation. From my site, Trading Isn't my occupation but i do it for making some profit.
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April 06, 2021, 09:30:18 AM
#52
As long as you earn money on it, it is called "Occupation" or "profession" in other terms. The only thing that change is that you're a "self-employed" and not "employed" since you didn't apply to an employer, simple as that. Many people quit their actual job even their passion and do trading cryptocurrency instead because it's more practical than doing your passion but can't feed yourself or even your family.

Especially in this time of survival of the fittest, you always need to be practical to survive this pandemic or else you're gonna die starving if yoy didn't die on the virus.
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April 06, 2021, 09:24:26 AM
#51
I think trading is also a profession. Such experience and knowledge is required to do the job. In order to trade, you need to have experience and knowledge about trading. Trading is more risky than a job, if you don't have trading skills you will end your trading journey very quickly at a loss. I saw a lot of traders who thought trading was like gambling and they started trading with the idea of ​​making a quick profit.

But it didn't take long for them to realize that their thinking was wrong, because they lost their capital so quickly. So I think you have to think of trading as a profession and read a lot about trading to develop your skills.

Well, I also believed that trading was a profession because if you will define profession it is a paid occupation founded by trading and proper qualification in which can be compared with trading where you must have fully trained and have enough experience to be called "professional trader". However, I don't think trading is riskier than a regular job because it is all risky in its own way it couldn't be compared because it depends on the situation you were in. To be honest I don't really care if trading is a job or not because as long as you are good at it and having enough income with that is all matters.
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April 06, 2021, 08:28:03 AM
#50
I think trading is also a profession. Such experience and knowledge is required to do the job. In order to trade, you need to have experience and knowledge about trading. Trading is more risky than a job, if you don't have trading skills you will end your trading journey very quickly at a loss. I saw a lot of traders who thought trading was like gambling and they started trading with the idea of ​​making a quick profit.

But it didn't take long for them to realize that their thinking was wrong, because they lost their capital so quickly. So I think you have to think of trading as a profession and read a lot about trading to develop your skills.

- Only when we take trading seriously, it will become a profession, a job to make money and we automatically progress more in trading one way or another but it is clear as you say that the level of awareness of trading work is probably not too high when the attitudes of many people are still quite naive and indifferent to work. Every job has small risks or big risks, trading belongs to jobs with big risks, development is also fast and when we lack updating and investing time in work, risk will arise and as a result of this process, many people quit their jobs
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April 06, 2021, 02:06:09 AM
#49
I think trading is not gambling because if someone can learn details about trading and analyze better to find the time to enter the market, he uses his skills to trade and makes money. It is normal to see some religion against trading and say that trading is the same as gambling. But if they can open their minds about what is needed to be a pro trader and know that the trader does not just play with their intuition, but the trader will also use their skills to work, I think they will not say trading is gambling.

But we can not blame those who say trading is gambling because they are not involved in the trading itself and only see from the outside. People who use trading as their source of income need to have skills to make a profit and minimize the risk.
That's true, trading is not gambling. In trading world you can learn to be a great trader and you can make money on any direction, and that is why it is better. In gambling house edge makes sure that you lose, there is no scenario in gambling where you win in long term because house always wins, in the end trading is miles better because it could be offering something that we can't see in gambling which is being decentralized, in gambling there is house but in trading it is just you and the person you buy from and one of you made a good decision.

So long story short, I do agree that trading could be a job if you know what you are doing, it is a risky and difficult job and unlike many other jobs you do not have a guaranteed income and in fact you could lose money while doing it, so it is not like a salary but it is still a lot better than gambling for sure.
I feel better using trading as my occupation than using gambling for the occupation because I see the potential to make money bigger from trading than gambling. No matter if learning trading is not easy, I am willing to spend some time learning many things related to trading so I can have a chance to improve my trading skills. If I can master just 3 methods of the lesson of trading, I think that can bring me to have more opportunities to make a profit.

I know that the market situations will not always be the same day by day, but if I can learn hard about trading, I can adapt myself to analyze the market moves, and I will have the opportunity to know which coin will give me profit later.
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April 06, 2021, 01:13:45 AM
#48
I think trading is also a profession. Such experience and knowledge is required to do the job. In order to trade, you need to have experience and knowledge about trading. Trading is more risky than a job, if you don't have trading skills you will end your trading journey very quickly at a loss. I saw a lot of traders who thought trading was like gambling and they started trading with the idea of ​​making a quick profit.

But it didn't take long for them to realize that their thinking was wrong, because they lost their capital so quickly. So I think you have to think of trading as a profession and read a lot about trading to develop your skills.
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