If trading is worth it, is a question that demands consideration of factors to be conclusive.
Well, yes it is! Some people have actually resigned from their paid job to focus on trading. Meanwhile, others see it as an additional source of passive income. Having a fair knowledge of trading techniques and the needed capital, the question will have its answer.
Topic: Is trading really worth it? (Read 1455 times)
Well, Trading is such a very good source of income to people that knows and understands it best compared to novices that knows nothing about what trading is all about, Indeed trading is very lucrative when you understand the market buying and selling point zones. I can’t call trading gambling cos it is not. Some traders actually see trading as a gamble because they have no idea of what trading is all about, they are only guessing about the situation of trades either for a buy or sell. While real traders that understands the market situation and what trading is all about have acquired a lot of courses and trainings relating to trading to the best of their knowledge. Trading is not a day journey, it is a step by step procedure by understanding how the market situation affects trading from the bearest minimum to the top. Most importantly Trading requires patient, if you are always in an hurry to win, you might end up loosing all your money, it requires thorough calmness and enough patience. So many people went into trading because they are seeing others making a lot of money from trading, at the end of the journey they end up loosing all their money ,while trading doesn’t work that way.
I know that some people view trading as a risky endeavor, but I believe that as long as you're smart about it and don't let emotions get in the way, it can be a very lucrative way to make money.
Yet, this does not not dispute the fact that trading is not a risky endeavor. It's absolutely risky! Being smart is not a yardstick to guarantee your success in trading thou it contribute a little. Despite being lucrative, I don't see trading as a means of living (daily survival) since you're not the market controller and the system entirely is not reliable due to fluctuation nature. Because, we would know which ones are better guaranteed and which ones are how much risky etc etc and that is why we would risk accordingly. That's what I really mean when veterans could still trade when it's risky because they know the risks.
Trading is only worthwhile if you're committed to it and prepared to invest a lot of cash up front to build experience before realizing large profits down the road. It will take a while, and patience is something that is difficult to have if you are not really devoted to something.
Trading is at maximum a side hustle. It cannot be a job because of the speculative nature and the uncertainties associated with it. This applies to all types of trading.
So if a family member is willing to get into it, explain the same to them and tell them that it cannot be their main job. The main job should be one with a fixed income every month or so.
The technical analysis is pseudoscience and only correct at times. It is better used to predict rather than take decisions. Otherwise everyone doing TA would have been a millionaire already.
It cannot be a stable job but sometimes, the profits you get from it exceeds from your job’s income. But only professional traders can make it possible to happen, as newbies will only ruin and mess up in trading. However, seeing trading alone as your only source of income brings a lot of risks and uncertainties, so it’s better if you can have a good and stable job, and only makes trading as your second source of income.So if a family member is willing to get into it, explain the same to them and tell them that it cannot be their main job. The main job should be one with a fixed income every month or so.
The technical analysis is pseudoscience and only correct at times. It is better used to predict rather than take decisions. Otherwise everyone doing TA would have been a millionaire already.
That's a fair piece of advice. Because let us admit, even long-time traders can't assure their good profits. It is not everyday that they can earn decent profits to supplement their living. So yes, better not give up your job as your bread and butter, and just make your trading as another source of possible income. But if you feel you are doing good already in trading and you can let go your main job, why not?
Trading is at maximum a side hustle. It cannot be a job because of the speculative nature and the uncertainties associated with it. This applies to all types of trading.
So if a family member is willing to get into it, explain the same to them and tell them that it cannot be their main job. The main job should be one with a fixed income every month or so.
The technical analysis is pseudoscience and only correct at times. It is better used to predict rather than take decisions. Otherwise everyone doing TA would have been a millionaire already.
It cannot be a stable job but sometimes, the profits you get from it exceeds from your job’s income. But only professional traders can make it possible to happen, as newbies will only ruin and mess up in trading. However, seeing trading alone as your only source of income brings a lot of risks and uncertainties, so it’s better if you can have a good and stable job, and only makes trading as your second source of income. So if a family member is willing to get into it, explain the same to them and tell them that it cannot be their main job. The main job should be one with a fixed income every month or so.
The technical analysis is pseudoscience and only correct at times. It is better used to predict rather than take decisions. Otherwise everyone doing TA would have been a millionaire already.
Some people trade and they love it when they make a profit, but there are people who do not give up when they lose and work even harder to get it back and they study hard to learn how they could learn from their mistakes and become better. That is the type of people that will become a trader and for them it is fully worth it.
The main thing is not to rush, not to try to get rich quick, trading is not a very easy thing, but I believe that everyone who is capable of learning and has patience and good discipline is able to make a profit, maybe it will be small and unstable, but there is definitely such an opportunity. Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.
I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.
I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.
You cannot have trading as an occupation. It isn't supposed to be an occupation. It is supposed to be a side income source, because it isn't guaranteed to always give you profit and you can make huge losses. However, when done well, it could make you much more money than your job or occupation really gives you. But I do not advise to take it as the main occupation you have.
Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.
Interestingly people do not understand that not everyone trade for a long period of time without really liking it. Not saying that it will be something people would not need it, or not because of money, because we know it's all about that. But, we all know that it is not easy and it would take a while before anyone could "enjoy" it, even if they lose it.Some people trade and they love it when they make a profit, but there are people who do not give up when they lose and work even harder to get it back and they study hard to learn how they could learn from their mistakes and become better. That is the type of people that will become a trader and for them it is fully worth it.
Trading will best suit those who literally like doing it. Some people trade just to earn profit and do trading even without enjoying it. As a result, they usually have huge losses because they are not able to handle their greed and emotions.
Those who love doing trading also have losses yet take their experience as a lesson and move forward to correct their mistakes. All in all, it's about having the right mindset toward trading. It could be considered as a job of those who love doing it and are ready to deal with its risks.
Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.
Interestingly people do not understand that not everyone trade for a long period of time without really liking it. Not saying that it will be something people would not need it, or not because of money, because we know it's all about that. But, we all know that it is not easy and it would take a while before anyone could "enjoy" it, even if they lose it.Some people trade and they love it when they make a profit, but there are people who do not give up when they lose and work even harder to get it back and they study hard to learn how they could learn from their mistakes and become better. That is the type of people that will become a trader and for them it is fully worth it.
The presence of cryptocurrencies now has become a job of many people, they with modest capital even some less than $ 1000 can trade quickly and certainly safe compared to more complicated forex trading, trading always has a risk to lose money, but many things we can learn traded to always be profitable.
well, I also thought of such a thing long ago. what I conclude is, it may not be worth doing this work as the main livelihood. It would be great if you had other sources of money. other than that, it's not like "buy cheap and sell high". however, there is speculation and analysis behind it that makes trading complicated. however, this is the same as selling goods, when you buy goods without analysis, then you will never know whether the goods will be really needed or not, you can also get losses from that.
other than that, I think it will also be very difficult for people who are new to the world of trading. however, I might recommend looking for another job if this bothers you. I think only people who are able to take big risks or have an understanding of analysis and speculation will focus on trading. because of that, there are still quite a lot of people who get rich from this path
other than that, I think it will also be very difficult for people who are new to the world of trading. however, I might recommend looking for another job if this bothers you. I think only people who are able to take big risks or have an understanding of analysis and speculation will focus on trading. because of that, there are still quite a lot of people who get rich from this path
Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.
I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.
I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.
One thing for sure trading is really worth the time. But also trading requires knowledge so you need to learn all the candles, when to take profit and when to stop loss. Once you have some knowledge in trading i am so sure that it can give you everyday a profit, but always remind that there are some losses aswell so ready your emotions with that. My friend do trading full time and right now i can say he is financially secured.
And also buying low and sell high is one of the term that traders use for new traders, sounds easy but i swear its really more than what you think.
Yes trading is really very valuable. If you understand trading well then surely trading will be of great value to you.And trading is never very valuable to those who have no knowledge about trading.Because they don't understand and analyze and trade and take losses, they think the training platform is very bad.But trading is very valuable for those who have good knowledge of trading and can do analysis.
I think you are right if one understands trading then it is very easy for him and if one does not understand it is very difficult for him if one understands trading he will gain and if one does not understand trading he will only lose I think trading It is better to do it with understanding and if you trade without understanding you will face a lot of losses I think those who are new with good knowledge about trading then trading here they can profit from hereThere are many things that can influence the market, one is that you can have a lot of knowledge and at the same time you don't have how to act against the events that are happening in the world, however, only those who have more knowledge are the ones that better be clear about what is happening in the market, if we take into account how many times the world has dealt with this problem, of war, pandemic at the same time, it has never been, in fact in my personal opinion I have considered seek to trade through bots which, I have never done and I have also considered copy-trading, but I am still not convinced.
Trading is worth it if you already invested your knowledge about the fundamentals of the training concept many traders always forgot the basics that's why they keep losing their trades. Also, knowledge is the best investment before getting into it because it takes a lot of ideas patterns, and candles before achieving the speculation into a trade, and make it is verified before making a position. Also budget is a must here and as a trader, we need to protect our money we experience some loss but in the end, we focus on the profit. If you are willing and make it a passion for sure it is easy to make a trade.
Everything is worth doing as long as they are beneficial and you are not harming anyone..XoxPeople are always on the move to use people get the last penny out of their pocket. and then degrade them like they have done a big crime by helping them
the is best example I read so far. I will keep quoting this all the time. Very impressive - that is the point - actually everyone wants to earn money online.
But how they can earn - they are not willing to learn it
encountered before which it would really be depending on you whether you would be planning to learn it for some benefit or would simply skip out because it doesnt really fit your interest.So its up to you and asking
about trading to be worth it? Yes it is but expect that this isnt something simple that you could able to handle on first try thats why engagement will really needed and learning would come along the way.
Trading is worth it if you already invested your knowledge about the fundamentals of the training concept many traders always forgot the basics that's why they keep losing their trades. Also, knowledge is the best investment before getting into it because it takes a lot of ideas patterns, and candles before achieving the speculation into a trade, and make it is verified before making a position. Also budget is a must here and as a trader, we need to protect our money we experience some loss but in the end, we focus on the profit. If you are willing and make it a passion for sure it is easy to make a trade.
Everything is worth doing as long as they are beneficial and you are not harming anyone..XoxPeople are always on the move to use people get the last penny out of their pocket. and then degrade them like they have done a big crime by helping them
the is best example I read so far. I will keep quoting this all the time. Very impressive - that is the point - actually everyone wants to earn money online.
But how they can earn - they are not willing to learn it
Trading is worth it if you already invested your knowledge about the fundamentals of the training concept many traders always forgot the basics that's why they keep losing their trades. Also, knowledge is the best investment before getting into it because it takes a lot of ideas patterns, and candles before achieving the speculation into a trade, and make it is verified before making a position. Also budget is a must here and as a trader, we need to protect our money we experience some loss but in the end, we focus on the profit. If you are willing and make it a passion for sure it is easy to make a trade.
Everything is worth doing as long as they are beneficial and you are not harming anyone..XoxPeople are always on the move to use people get the last penny out of their pocket. and then degrade them like they have done a big crime by helping them
Brother it's totally depends upon on your trading strategies and how much your Time in involved in trading because you will experience when you take position in crypto and any stock market. My opinion you should see the market it's very volatile and you have must knowledge about trading, chart patterns, Lines then you can take the part of full time with trading.
I know that some people view trading as a risky endeavor, but I believe that as long as you're smart about it and don't let emotions get in the way, it can be a very lucrative way to make money.
Yet, this does not not dispute the fact that trading is not a risky endeavor. It's absolutely risky! Being smart is not a yardstick to guarantee your success in trading thou it contribute a little. Despite being lucrative, I don't see trading as a means of living (daily survival) since you're not the market controller and the system entirely is not reliable due to fluctuation nature. Everything is worth doing as long as they are beneficial and you are not harming anyone..Xox
People are always on the move to use people get the last penny out of their pocket. and then degrade them like they have done a big crime by helping them
It's all about trading and the only person that you can harm is yourself when you're tripping all over your trades. Because you'll be doing all of your trades and if you listen to the wrong people, the consequences will be all yours.People are always on the move to use people get the last penny out of their pocket. and then degrade them like they have done a big crime by helping them
That's why it's worth it if you know how your going to improve and do all of your trades.
And it's not worth it if you're not learning from your mistakes and trades.
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