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Topic: Many people become binance futures full time traders as job - page 6. (Read 825 times)

hero member
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It’s funny to see the word full time incorporated to futures trading. Futures trading is a gamble no matter what defense people say that it was trading because you are risking your money with a short liquidation margin. Yes this people might earn positive for now but there’s always a time that these guys will burn too because the price doesn’t go always according to technical analysis and with short liquidation margin, there loss is huge because of the leverage. I saw many futures trader wannabe pro on social media that posting gain with high leverage and they proud of it but the reality is just they are doing gambling and losing big time behind.

Futures trading is never meant for full time job, its like a full time casino gambling because of the same risk involved.
sr. member
Activity: 1666
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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.

I don't think it will be easy for the children or students, but it will only be more painful for them in my opinion. If we who are older than them find it difficult to understand crypto trading even though we have been here for several years, we still don't really understand it 100%, if there are any, only a few really understand it. So this is pretty much a bad suggestion for my perspective and understanding.
hero member
Activity: 2492
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...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...

Not every schoolboy will become a successful trader, and not for everyone this is the meaning of life. If you approach school disciplines in this way, then you can impose training on such subjects that many will never need. Many people dream of becoming a doctor, a teacher or, in extreme cases, an astronaut, so such school discipline will be superfluous during training.
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.
legendary
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I'm pretty sure trading as a school course wouldn't work that well simply due to the fact that which "strategies" work are totally subjective, and the actual successful traders are the ones that create their own strategies in the first place.

People should be taught finance in general, then the people would decide for themselves if they want to dig deeper into trading.

^Also not every single thing that people can potentially make earn money on doesn't necessarily be taught in school.

There are traders who just monitor or execute trades at bigger firms. Those positions are more suited to be called "jobs".
If you make a statistic of what percentage of these "full time traders on binance futures" are on the green or even stand at the breakeven point you will be astonished.

Very few people take the time to develop the skills required to be a proficient trader. That translates into a consistently profitable trader. Wink
legendary
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...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...

Not every schoolboy will become a successful trader, and not for everyone this is the meaning of life. If you approach school disciplines in this way, then you can impose training on such subjects that many will never need. Many people dream of becoming a doctor, a teacher or, in extreme cases, an astronaut, so such school discipline will be superfluous during training.
hero member
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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 don't like these words at all, this is the same centralization, what does it mean "if binance stays then crypto stays", this is complete nonsense, crypto remains with Binance or without Binance. You don't know anything about crypto and decentralization.
Therefore, in my opinion, they should teach children in schools about crypto and decentralization before teaching them about Binance and futures, they should be taught first of all the risks of trading in futures, the school is to teach strategies, methods and risks, not to teach how to make money.

Binance stays of course but its you who started to become a full time  futures trader that will leave if all your money is liquidated.

Don't think like the futures trader who always assumes they know where the market is going, countless of them go zero after liquidated when the market runs to the opposite direction. Don't think its easy, many of the Spot traders are even panicing when the market plunge and then start selling at loss. Its not a good time to become a full time futures trader, do it when you already got countless profit and try just a tiny leverage to test if you really can do it.

legendary
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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 don't like these words at all, this is the same centralization, what does it mean "if binance stays then crypto stays", this is complete nonsense, crypto remains with Binance or without Binance. You don't know anything about crypto and decentralization.
Therefore, in my opinion, they should teach children in schools about crypto and decentralization before teaching them about Binance and futures, they should be taught first of all the risks of trading in futures, the school is to teach strategies, methods and risks, not to teach how to make money.
hero member
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Making future trading is kind of bad idea, I know cryptocurrency trading is a easy way of making money without stress, but I think cryptocurrency trading shouldn't be taken as full time job, you have have another alternative. What will you do when you keep on getting liquidated on future trading, you don't have backup which you can fall back to but if you are having another job and also a crypto trader, whenever you get liquidated you can fall back to your job and also get capital to continue your future trading.
hero member
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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.

I don't know why you are thinking about futures trading as full time job? It's a double edged sword. It could either make or break you that depends on the market condition and how you position your shorts or longs very well.

I do not treat any kind of cryptocurrency trading (even futures) as full time job because it poses high risks. Although yes there are high rewards, but expect that most of the time you'll get liquidated even if you are knowledgeable about these trading indicators, patterns, etc.

Treat this as a side income instead and only trade an amount that you can afford to lose.
hero member
Activity: 826
Merit: 583
Bons.io Telegram Casino
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.

without adequate knowledge, children in school will only spend their pocket money on futures trading. can even trick their parents into making more money with futures trading. I do not like it.

I also trade futures sometimes, it's quite nice to make a small profit. but I believe, this trade is very easy to manipulate. I recommend using only a small part of your money for futures trading. and leave more for long-term investing.
legendary
Activity: 3108
Merit: 1115
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The pandemic happened and is still here, that's why you can see a lot of new traders aiming to make money in different ways.
But it may change once the lockdown from different cities is lifted. For now, it's a good idea but there's an end to it and there might come a time profits from trading won't be enough to satisfy an individual needs.
Teach kids? That's alright, not a bad idea but let them be kids for now. Teaching them to make money at an early age might take away the real dream that they want.
hero member
Activity: 2646
Merit: 588
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

This is quite true, if you don't know how to handle futures, you can easily get liquidated.
This type of trading is not for all by any means.
So if you have no idea on how futures works and you have limited or tight budget, better not go into futures.
Unless you want to take the risk. But as much as possible, use your own money and not borrowed one.
sr. member
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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
legendary
Activity: 2366
Merit: 1206
If you get good signals then it can be job
No, not that simple.
If you're in trading and relying upon trading signal group either it's paid or free, you're nothing in trading, I'm sure you'll barely succeed if that's what you mean in trading.

I heard gambler above post which is very relevant, yes, trading it seems like gambling, you don't know everything that will happen in the future and it's very crucial to chase profit.  I won't even consider full-time trading as an alternative to a job.
Everything is unpredictable in a crypto sphere, though there's a way to increase your odds in trading however, it can't give assurance for stable making profit.
sr. member
Activity: 2310
Merit: 355
Although I am not good at English since it's not my native language. But you may need to focus to learn English first before expressing your opinion here. Though it is a bit off-topic but related to your topic. However, future trade is similar to the gamble, wondering how it would be a full-time job? Even if it's not a business. It's a gamble, can't be a full-time job. Job is from where you will get profits only, I mean salary regularly. But in future trading, your portfolio would become zero at any time. Not a good suggestion for newbies at all.
The risk is high and that’s why I also don’t suggest futures for a newbies because they can easily got liquidated and its not advisable to do so if you still have a limited knowledge about it. Binance is a good exchange, that’s why many prefer to use this but then again, our success will always depend on our own strategy so if you still learning, better to go for a spot trade for now before trying futures, this is very risky.
full member
Activity: 2128
Merit: 180
Binance has a great market exposure, they have a good marketing team and that’s why many traders prefer to use this exchange. Though futures are very risky, and everyone might not be able to make money here since it will always depend on your own analysis. I don’t treat trading as my full time job, I just can’t afford and i know profit here is not guaranteed. Be careful with futures and I wish you succeed on this.
jr. member
Activity: 224
Merit: 5
Although I am not good at English since it's not my native language. But you may need to focus to learn English first before expressing your opinion here. Though it is a bit off-topic but related to your topic. However, future trade is similar to the gamble, wondering how it would be a full-time job? Even if it's not a business. It's a gamble, can't be a full-time job. Job is from where you will get profits only, I mean salary regularly. But in future trading, your portfolio would become zero at any time. Not a good suggestion for newbies at all.


If you get good signals then it can be job
legendary
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Although I am not good at English since it's not my native language. But you may need to focus to learn English first before expressing your opinion here. Though it is a bit off-topic but related to your topic. However, future trade is similar to the gamble, wondering how it would be a full-time job? Even if it's not a business. It's a gamble, can't be a full-time job. Job is from where you will get profits only, I mean salary regularly. But in future trading, your portfolio would become zero at any time. Not a good suggestion for newbies at all.
legendary
Activity: 2100
Merit: 1208
Heisenberg
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.
Who tells you that in futures trading, everyone makes profits?
If am not mistaken, over 90% of the traders lose money. How is that a full time job?

Quote
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.
Crypto was thriving before Binance, and it will probably still thrive after Binance

Quote
Maby people now choose to become binance futures trader as full time income.
Easier said than done.
hero member
Activity: 2660
Merit: 608
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Not everyone can avail the risk that the futures has, you're pushing people to a way of trading that they might not be for it.
Yes, there are the full time traders and they're making good money on it but before telling people should go into futures, are you good with it? And having a trading course in a school, I'm starting to see it these days and they're including it to their special courses but not curriculum.
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