Many people become binance futures full time traders as job - page 5.

Wexnident

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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.

Well if they know what they're doing and they have the time to do so, then yes it is indeed a job that you can profit off of pretty well. That's why trading is also a job in general really, as long as you have the time, skills, and budget to start off your road, you can pretty much do it. It's rather easy and quick for one to go bankrupt though, especially with crypto.

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

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.

Yea no. It's like teaching art students famous art styles cause they're tried and tested. They have their own skills and judgments so that wouldn't really work. Maybe if it were a static type of job, but futures (or investing in general) is a rather dynamic type of thing, it's quick to change and different ideas and strategies are used for different projects/investments.

palle11

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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.

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.

xSkylarx

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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.

Tony116

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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.

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

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

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.

It must be recognized that binance is currently the mainstay exchange of the market given the number of users and the services they provide, but don't forget that market comes first or binance comes first. If unfortunately binance crashes then it will be an unprecedented shock to the market but then it still recovers and there will be another exchange to replace binance.

Don Pedro Dinero

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Quote from: edgycorner on July 10, 2022, 07:39:34 PM

isn't binance futures just another type of gambling? given how volatile the market is? or am I missing something? Around $2B(probably more) got liquidated in the past few weeks.

it's like saying, your job is betting futures in WTA tennis lol

Yes, something like that. The title of the thread is nonsense and is based on what the OP says without providing any links or anything, so it has little reliability.

What is clear is that trading is promoted a lot with more or less covert ads, such as Youtube videos and other social media, where they sell you that everyone can be a successful trader making lots of money from the armchair at home, when the reality is that successful traders and more those who operate with futures are pretty close to 0% of the total.

GreatArkansas

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

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.
(......)

There are already a lot of platforms that are like Binance and some also have the same effects when you are using non Binance platform.
The most important here if you want to make traders a a source of income or do it for living is your foundation as a trader.
Trading is very difficult, so you must learn first and sacrifice time and could be money too.
So for me, it will not matter the platform, your skill or strategy matters, you can apply it on other platforms too especially these days, profits can be easily converted or any crypto to fiat.

Kelvinid

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

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

JUST MAYBE that was the right word to say as to know that not all are willing to gamble their money in trading nor do we urge people to do trading when their knowledge is not capable of doing it - they don't want to lose their money for sure. Though we called it a job opportunity, however, we can't just simply grab it and start working, without enough capital, knowledge, and skill this is nothing, neither expect for a profitable end but just losses.

I won't disclose having a chance that MANY people will do trading business but never it say they will become a full-time trader IMO.

Johnyz

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Quote from: adaseb on July 12, 2022, 12:17:50 AM

Yes many people want to be a trader however it isn’t for most. Sure it’s nice making tons of money, working few hours and trading anywhere with an internet connection. However most don’t make it.

99% of all short term traders lose money in the long run. There are very little that make a career out of it. It isn’t for most people. During a bull market it’s easy however in a bear or sideways market it’s difficult.

Some are just joining the hype with a thinking about making money easily which is not going to happen in trading, we all know that success in trading will require analysis and if those traders failed to do this, most probably they will ended up broke as well. Binance is a good platform, you can have your tradings here but still no guarantee for profit, exchanges is just a platform and your trading strategy will be your main weapon here.

milewilda

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Quote from: virasisog on July 12, 2022, 01:40:23 PM

Quote from: adaseb on July 12, 2022, 12:17:50 AM

Yes many people want to be a trader however it isn’t for most. Sure it’s nice making tons of money, working few hours and trading anywhere with an internet connection. However most don’t make it.

99% of all short-term traders lose money in the long run. There is very little that makes a career out of it. It isn’t for most people. During a bull market it’s easy however in a bear or sideways market it’s difficult.

Trading could be a full-time job but it's not for everyone because it requires knowledge and skills and if you can't acquire the needed qualifications, you might lose a lot. Trading has risks and not everyone can deal with it. It needs broad knowledge because it's a never-ending process of learning. For you to be able to earn in trading, you must have the eagerness and determination to learn.

It could really be a full time job but same as you said that its not for everybody or everyone for them to engaged on because this isnt something that could be handled out easily.It does does require sufficient knowledge and skills for you to sustain this very unpredictable market.Doesnt really matter if someone do make it as a full time job as long someone could able to sustain then it does surely counts but much sure or definitely it is really not that easy.If you do able to find yourself to be sustaining then its good but if its not then dont force yourself to reach out that particular state.
In my case, i do make trade as a side income or job yet you could deal up with swing trade or long term ones which would really be that plausible.

virasisog

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Quote from: adaseb on July 12, 2022, 12:17:50 AM

Yes many people want to be a trader however it isn’t for most. Sure it’s nice making tons of money, working few hours and trading anywhere with an internet connection. However most don’t make it.

99% of all short-term traders lose money in the long run. There is very little that makes a career out of it. It isn’t for most people. During a bull market it’s easy however in a bear or sideways market it’s difficult.

Trading could be a full-time job but it's not for everyone because it requires knowledge and skills and if you can't acquire the needed qualifications, you might lose a lot. Trading has risks and not everyone can deal with it. It needs broad knowledge because it's a never-ending process of learning. For you to be able to earn in trading, you must have the eagerness and determination to learn.

Issa56

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Quote from: adaseb on July 12, 2022, 12:17:50 AM

99% of all short term traders lose money in the long run. There are very little that make a career out of it. It isn’t for most people. During a bull market it’s easy however in a bear or sideways market it’s difficult.

Most of them are always happy whenever thier is bull run and things always workout for them during bull run and they will want to make trading a full time job, some of them have not witnessed bear market before and they don’t know trading is not really easy during a bear market. They don’t know even with a little laverage they can still get liquidated during a bear market. I keep on telling most people I know that are into trading not to make trading full time job, always have back up and trading can be done at anywhere even when you are at your work place, if thier is internet connection you can trade.

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

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.

And why will a kid learn that? A kid is still young. There are better topics which are more appropriate for them and as a kid, they better enjoy their lives first because if not then they will regret it once they are now on their adult stages. Trading topics like that are more suited to those college students because after they graduate, they can then get a job.

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

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.

I think it wasn't binance that is the center of crypto but it was bitcoin. There are no binance before but cryptos are still there but there are no other cryptos before btc came in. It's no surprise that many people now are becoming a full time trader, thats because cryptos are now popular and many sees a potential in trading a crypto.

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Alas, but in many ways there is a fault of excitement. People simply do not see a clear line between work and passion and simply devote an extremely long time to work.

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I don't know if "futures" is a full time job deal. I mean think about it, you could literally lose it all there, it's like gambling. I know plenty of people who "trade" full time, and know plenty that got super rich while doing it as well but that was mainly on spot, or even if we are talking about futures then they did low leverage, like 10x max, usually not even futures tbf.

People who work with like 100x leverages are not the people who make full time income from it, one day they will, one day they will lose, it is too volatile to consider a profit. Trading is fine, even on a bear market, since you do quick trades, you do not get affected by it like the long term investor.

sumant

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It can be there is not doubt about this. Question is not only be many people becomes full time future traders, But it has much risk to tackle this type of job. Future trading has their own accept. These feature can be only handle by experience traders. We can pursue as a full-time job but after getting all risk managing factor in mind. When any trader can predict in spot trading then what if he predict in future trading. There is matter of understanding and giving low leverage.

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Quote from: n0ne on July 11, 2022, 07:04:06 PM

Well said, even the school boy needs capital. Atleast for that he's in need of finding an opportunity. As said every school boy can't be a trader, but learning about it from the school will help him at some point. Very few schools involve in such acts whereas the majority prioritise education as a way to make them doctors and engineers.

Capital is earned not only by trading. There are many specialties and if you are a professional in any industry, then your earnings will amount to tens of thousands of dollars, which will allow you to financially support your family. For such people, trading is just an additional income, or maybe even just a hobby.

crwth

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You can really be great at something if you have developed it in the right way. With the right fundamentals and your risk management, you will be able to achieve it. I think the masterful ways that you can apply the habit that you will get with trading.

I think you can really be successful in that as long as you improve yourself by 1% every day continuously with no fail. I know that you can really achieve that if you have the will.

It's really a good thing that you can do futures without having a few losses first but that's going to be bound to happen sometime. As long as you are careful and you are willing to put the effort into learning and being consistent, it's without a doubt that you can do it.

I do hope it will be your "futures" Wink

dothebeats

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These people know what they're doing basically, and it's just bad advice to tell people that futures trading is a good venture especially if you need a lot of patience, time, and courage to do just that since not everyone has the privilege to take the time off and learn these things because they have to continue making money for their family or for themselves.

Futures trading is easier than your conventional trading, but that doesn't mean that the industry is that easy to get in without prior knowledge on trading and whatnot.

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

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

Are you also a full time trader in futures trading? I've never traded in futures trade because I think it's more risky than spot trading. It's fun to do work anywhere and anytime by continuing to make money but trading is not like printing money where your money will continue to grow without ever experiencing a loss

adaseb

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Yes many people want to be a trader however it isn’t for most. Sure it’s nice making tons of money, working few hours and trading anywhere with an internet connection. However most don’t make it.

99% of all short term traders lose money in the long run. There are very little that make a career out of it. It isn’t for most people. During a bull market it’s easy however in a bear or sideways market it’s difficult.

Topic: Many people become binance futures full time traders as job - page 5. (Read 825 times)