Many people become binance futures full time traders as job - page 4.

jakelyson

legendary

Activity: 2142

Merit: 1069

Quote from: ethereumhunter on July 17, 2022, 12:11:44 AM

Not everyone has the patience to learn to trade, trade the market, wait for market prices to change and so on. But people who bought bitcoin a while ago can smile happily because the bitcoin price is now back to the $21k level. And if this can continue to increase, people will make huge profits but it depends on what price they will sell the bitcoins at.

Being a full-time trader may be reliable but we must always remember that the crypto market can change at any time and we must also be prepared for that. As long as we are not influenced by negative news outside, we can analyze and determine when to enter and exit the market.

Being a full time trader must be the most tiring career ever. You cannot take a break from it because you need to constantly check the market and any news that concerns your trade. And you cannot say it is reliable since you can get rekt as easily as you can make money. One minor mistake or a sudden bad news can get your profit from positive to negative in minutes.

Trading is not for everyone. Sure there are some who thrives in it but I would not recommend it to someone who have a weak heart.

gabbie2010

sr. member

Activity: 2590

Merit: 322

Undeads.com - P2E Runner Game

Quote from: Oceat on July 16, 2022, 07:58:59 PM

Quote from: ethereumhunter on July 16, 2022, 06:49:57 PM

People can use trading as their income source but before they do that, they should think about learning to trade for more because the market is always changing and without learning every day, they will not make a profit. Trading itself needs more focus, especially crypto trading because if you can have skills in analyzing the market, you can get a bigger profit but with terms and conditions. Future trading is riskier than spot trading and it is not advisable for new people who do not have much experience in trading.

Not everyone will be a full time trader because it takes more than what they thought they would do. It requires a strong patience that no one could break it no matter what is the market situation and is knowledgeable plus with experience of the current market and not just someone who just bump into the market. It needs a dedication to become a full time trader which means you love what you are doing despite of the FUD and negativity people thrown at the market since you know to yourself that you can do it on your own way without their help.

To break even trading using Cross or Isolated margin is very difficult not to talk of future trading, I traded all and the most risky of all is future trading, I got liquidated once though I traded with amount of fund I can afford to lose, to be full time trader such a person must have long of hours of studying charts which include learning charting tricks and candlestick patterns which often repeat itself, a trader who trades and earn profits consistently as a source of income must be well experience and gained enoumous knowledge of trading, I won't advice or encourage a newbie to start trading without any prior knowledge in trading.

ethereumhunter

hero member

Activity: 2856

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Oceat on July 16, 2022, 07:58:59 PM

Quote from: ethereumhunter on July 16, 2022, 06:49:57 PM

People can use trading as their income source but before they do that, they should think about learning to trade for more because the market is always changing and without learning every day, they will not make a profit. Trading itself needs more focus, especially crypto trading because if you can have skills in analyzing the market, you can get a bigger profit but with terms and conditions. Future trading is riskier than spot trading and it is not advisable for new people who do not have much experience in trading.

Not everyone will be a full time trader because it takes more than what they thought they would do. It requires a strong patience that no one could break it no matter what is the market situation and is knowledgeable plus with experience of the current market and not just someone who just bump into the market. It needs a dedication to become a full time trader which means you love what you are doing despite of the FUD and negativity people thrown at the market since you know to yourself that you can do it on your own way without their help.

Not everyone has the patience to learn to trade, trade the market, wait for market prices to change and so on. But people who bought bitcoin a while ago can smile happily because the bitcoin price is now back to the $21k level. And if this can continue to increase, people will make huge profits but it depends on what price they will sell the bitcoins at.

Being a full-time trader may be reliable but we must always remember that the crypto market can change at any time and we must also be prepared for that. As long as we are not influenced by negative news outside, we can analyze and determine when to enter and exit the market.

adaseb

legendary

Activity: 3738

Merit: 1708

I’ve been doing trading since the global finance crisis of 2008 and whenever someone wants to be a trader I tell them to think again. When you first start it seems easy but you will quickly realize that there is more to it than that.

Leverage is not the problem with most traders. There are many who don’t make money trading without leverage. The issue is due to fear and greed in trading which makes it difficult. Like I said before, if it was easy everybody would be doing it.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: ethereumhunter on July 16, 2022, 06:49:57 PM

People can use trading as their income source but before they do that, they should think about learning to trade for more because the market is always changing and without learning every day, they will not make a profit. Trading itself needs more focus, especially crypto trading because if you can have skills in analyzing the market, you can get a bigger profit but with terms and conditions. Future trading is riskier than spot trading and it is not advisable for new people who do not have much experience in trading.

Not everyone will be a full time trader because it takes more than what they thought they would do. It requires a strong patience that no one could break it no matter what is the market situation and is knowledgeable plus with experience of the current market and not just someone who just bump into the market. It needs a dedication to become a full time trader which means you love what you are doing despite of the FUD and negativity people thrown at the market since you know to yourself that you can do it on your own way without their help.

Ryker1

sr. member

Activity: 1918

Merit: 442

Eloncoin.org - Mars, here we come!

Quote from: ScamViruS on July 16, 2022, 06:09:58 PM

Quote from: sklopan on July 16, 2022, 04:09:43 PM

To be honest, I don't see anything wrong with that. At its core, trading is a completely possible job. More importantly - learn how to work correctly.

Trading is not an easy job, it requires a lot of experience to profit from trading. If an inexperienced person goes into futures trading then there is a high possibility of facing huge losses. So you should do the things about which you have knowledge. So if you start futures trading with little experience, it won't take long for your account to be washed out.

Wel, this is the right and I agree with this.
Trading is not an easy job and trading is not meant for all. Trading also needs and required knowledge before we can be considered a job.
Perhaps I prefer short-term trading, or perhaps scalping which I think is better than the full-time trader.
It is a big mistake if you will consider this as your full time job.

ethereumhunter

hero member

Activity: 2856

Merit: 541

Leading Crypto Sports Betting & Casino Platform

People can use trading as their income source but before they do that, they should think about learning to trade for more because the market is always changing and without learning every day, they will not make a profit. Trading itself needs more focus, especially crypto trading because if you can have skills in analyzing the market, you can get a bigger profit but with terms and conditions. Future trading is riskier than spot trading and it is not advisable for new people who do not have much experience in trading.

ScamViruS

hero member

Activity: 1694

Merit: 719

Top Crypto Casino

Quote from: sklopan on July 16, 2022, 04:09:43 PM

To be honest, I don't see anything wrong with that. At its core, trading is a completely possible job. More importantly - learn how to work correctly.

Trading is not an easy job, it requires a lot of experience to profit from trading. If an inexperienced person goes into futures trading then there is a high possibility of facing huge losses. So you should do the things about which you have knowledge. So if you start futures trading with little experience, it won't take long for your account to be washed out.

livingfree

hero member

Activity: 2772

Merit: 576

Quote from: sklopan on July 16, 2022, 04:09:43 PM

To be honest, I don't see anything wrong with that. At its core, trading is a completely possible job. More importantly - learn how to work correctly.

It is a job.

But there goes the problem with those newbies that see these professionals are doing the trades and think that it's easy. They're trying and burning a lot of money at the beginning of doing futures.

Which is totally wrong.

They should be calm and chill as they try to learn all about it because that's not how it goes. It's a long process that they have to go until they can say that they're working full time as a trader whether in spot or futures.

Wiwo

hero member

Activity: 1022

Merit: 667

Leading Crypto Sports Betting & Casino Platform

Trading is risky but then some people have built great trading skills over time and binance is one of the world's biggest cryptocurrency trading exchange, the volatility Nature of the cryptocurrency market make it more appealing to contemporary traders who have chosen trading as a means to earn and are now involved in cryptocurrency trading on a passive level.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: sklopan on July 16, 2022, 04:09:43 PM

To be honest, I don't see anything wrong with that. At its core, trading is a completely possible job. More importantly - learn how to work correctly.

^ No, I won't.
That is not a job, when you say it is a job, then the outcome is you have a stable source of income. Because you have a job that you have said. It is more preferred to me gambling, not a job because you have to risk your capital and there is capital hoping that it will be grown in just a matter of time.
A full-time trader is very risky, there is no way how to learn the market correctly, everything there is unpredictable and how can you work at it if you don't know how to predict or use a tool to predict.

sklopan

jr. member

Activity: 98

Merit: 2

To be honest, I don't see anything wrong with that. At its core, trading is a completely possible job. More importantly - learn how to work correctly.

teosanru

hero member

Activity: 2100

Merit: 618

Quote from: 325btc on July 10, 2022, 11:48:04 AM

Now many people becomes binance full tome time fututrs trader as full time.
Its a good full time job reasons:
All ur earnings on binance debit card instant.
U dont need to go anywhere u cam even do job with smart phone.
I think kids should also learn that in school instead of useless things but good job how to make decent incone without going anywhere or over work.

Also binance is center of crypto without binance i have no idea how to deal with crypto they can close down all other exchangers but if binance stays then crypto stays.
Binance has most logical futures trading facolity for tge futures long short workers.

Maby people now choose to become binance futures trader as full time income.

Do not make the mistake of comparing full time trading with a job or even a business. It's entirely different, very risky and also has a very less probability of success. It's ok to give kids a training about this skill as well and making them well versed with concepts of financial markets, this will obviously help them in deciding their future careers. But one should never think of full time trading as a career option unless he is too passionate about it. I have seen many people coming in trading for money and leaving the markets with not only the money which they already had but with mental peace as well.

Silberman

legendary

Activity: 2492

Merit: 1332

Quote from: kamvreto on July 14, 2022, 12:01:39 AM

The world is spinning and when the time comes, everything will be replaced with a new one.
I admit binance is currently the largest and most used exchange.
Many traders benefit from trading spot or futures on Binance. But don't trust all of Binance, because it will be very risky. We don't know when a sad event like MT.Gox will happen again, maybe binance or maybe on another exchange and end up having to close with a lot of losses.
and if you really want to become a full-time trader, then pay attention to what risks can occur. Don't just look at the benefits, but see what the risks are. Futures trading carries a higher risk than spot trading. Must really be able to do market analysis well, not just guessing. Don't bet your money just for guesswork.

I think the same, we do not know when binance could enrage a government or something and suddenly the exchange and all its servers are confiscated and now people will have to go through an incredibly difficult process just to recover their coins, a process which will most likely take years to go through it, so with that in mind people need to be very wary of leaving their coins at an exchange for a long time as this is an scenario that could always happen.

JoeLinvestor

brand new

Activity: 0

Merit: 0

Trading can definitely become a full time gig once you build your own consistent strategies that help you profit. However, I don't believe it's a subject to learn in school since school is mainly to shape people on how to become an employee. Trading is not a secure income and it is indeed a risk of capital. Obviously it's a skill that can be developed and can be profitable for those worthy. Best way to profit is to earn income and invest a percentage of it consistently and your portfolio will grow, then maybe take a small percentage of that and try to learn trading from there. And be willing to lose it.

It's extremely high risk to become a trader that profits daily or consistently. Best way to profit is to invest long term in projects you believe in. Short term profits, I've only been successful by arbitraging the market. Simultaneously buying and selling a coin in two different exchanges for a profit. I do it daily using the Coin Arbitrage platform. I highly recommend it.
Check em out: https://coinarbitrage.biglink.to/hrDB2

kamvreto

legendary

Activity: 1946

Merit: 1157

Undeads.com - P2E Runner Game

The world is spinning and when the time comes, everything will be replaced with a new one.
I admit binance is currently the largest and most used exchange.
Many traders benefit from trading spot or futures on Binance. But don't trust all of Binance, because it will be very risky. We don't know when a sad event like MT.Gox will happen again, maybe binance or maybe on another exchange and end up having to close with a lot of losses.
and if you really want to become a full-time trader, then pay attention to what risks can occur. Don't just look at the benefits, but see what the risks are. Futures trading carries a higher risk than spot trading. Must really be able to do market analysis well, not just guessing. Don't bet your money just for guesswork.

325btc

jr. member

Activity: 224

Merit: 5

Quote from: Fivestar4everMVP on July 13, 2022, 01:22:59 PM

Before Binance, there was a crypto exchange that was the best, Binance came and took that title...
It is very possible that tomorrow, another crypto exchange will emerge that will be better than Binance and will take away the "the best" title from Binance.
So don't speak or act like crypto runs on Binance and without them, crypto is dead, Mt Gox was one of the very first crypto exchange and was the best in their time, they got hacked and eventually died, the price of Bitcoin dropped massively like it was going to die with the exchange, but look where Bitcoin and cryptocurrencies are today.
This is to tell you that if Binance die, another exchange will just take its place and crypto will continue to go on.

Mt gox was inside job and those things done by wall street kind of people and CEO-s those places are just a pupets in the game its all organized and your money will go to rich hands the hacking was hoax just other inside job.

Fivestar4everMVP

legendary

Activity: 2226

Merit: 1049

Leading Crypto Sports Betting & Casino Platform

Before Binance, there was a crypto exchange that was the best, Binance came and took that title...
It is very possible that tomorrow, another crypto exchange will emerge that will be better than Binance and will take away the "the best" title from Binance.
So don't speak or act like crypto runs on Binance and without them, crypto is dead, Mt Gox was one of the very first crypto exchange and was the best in their time, they got hacked and eventually died, the price of Bitcoin dropped massively like it was going to die with the exchange, but look where Bitcoin and cryptocurrencies are today.
This is to tell you that if Binance die, another exchange will just take its place and crypto will continue to go on.

Silberman

legendary

Activity: 2492

Merit: 1332

Quote from: xSkylarx on July 13, 2022, 06:21:36 AM

Quote from: Tony116 on July 12, 2022, 11:53:52 PM

Futures trading is considered a very risky activity and should not be pursued as a full-time profession. That's a bad idea.

Most newbies think that doing futures or leveraged trading is a ticket to become a millionaire quickly. They think it's easy profit because of the leverage making your small capital earn huge. They didn't experience a loss yet that will make them realize their mistake and trading futures should not be considered a full time job. Even experienced traders don't recommend to do it because they know how risky it is.

I have always though that using leverage is not a good idea and it is and even worse idea when the ones that are using leverage are newbies, it may seem as if leverage allows those which have a small capital to earn big but they are only seeing what they want out of it as they are not taking into account the massive risks they are incurring by using leverage, so while in order to make money they need to accurately predict what the market will do every single time, in order to suffer massive losses only a single mistake is needed, and since no one can predict perfectly what will happen in the markets then the only outcome those people can get is one in which they lose a lot of money due to a single or several mistakes.

rozak

sr. member

Activity: 1960

Merit: 273

★Bitvest.io★ Play Plinko or Invest!

Quote from: palle11 on July 13, 2022, 06:59:57 AM

Apart that to say trading is lucrative when you get it right but no man does just one kind of job and become rich, you can feed yourself but not the extent of becoming rich with just one income. As a trader it is needed that you also try to make living from other means . Trading is not always profitable so you can survive during the time of bad trade from other means of diversify income.

Even if done correctly, futures trading is still a big risk. I also trade futures, but not for big money. just looking for a small daily profit. because in futures trading, the moment is very important. when we are late in making plans, then we can lose all our money. people say futures trading is almost the same as gambling even market manipulation is possible there.
there is nothing wrong with trading futures. but remember, to get bigger. we must remain patient with the long-term investment planning that we do.

Topic: Many people become binance futures full time traders as job - page 4. (Read 825 times)