I don't think any problem with trading goal for the rich behind every trader has ambition how to earn much money with cryptocurrency trading, I think huge ambition by getting much profit and to be rich with trading make us keep learning more careful with trading and never trade without make research or lack knowledge with some coins.
In trading we can make our dreaming become true but firstly have knowledge and get more patience needed in cryptocurrency trading, most of us have to control well with emotion and to be success in trading need more longer time.
Make the most successful trader as our motivation to earn much profit or become success in the future with trading but always needed support by having knowledge about cryptocurrency trading.
Topic: Should trading be for the rich? (Read 2255 times)
Trading is not always open for everyone, trading must have capital you cannot become dependent solely in trading if you don't have another source of income because sometimes if you want to grab an opportunity but you don't have money you will possibly just lose a chance to earn a huge amount. Seems trading must have money and knowledge once you lack one of these you will not become an effective trader.
For trading two things are important one is money and another is knowledge so if you miss one of them then you cannot get what you want. Trading is a tough technology and if you learn about it then it does not mean that you will smoothly win all the time but loss is also possible at a certain stage as the market is not under your control.
If you don't have an income then you will surely take money from others to continue your trading and it's not a good way of earning in my opinion so try to use your own money and if you don't know how to continue trading then first learn and then put money into it.
There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?
Trading is not always open for everyone, trading must have capital you cannot become dependent solely in trading if you don't have another source of income because sometimes if you want to grab an opportunity but you don't have money you will possibly just lose a chance to earn a huge amount. Seems trading must have money and knowledge once you lack one of these you will not become an effective trader.
Well there is going to be some big risks if we are going to be trading. Trading crypto is not something every person can do and make a profit. If it was like that well then we would all be doing that for big gains.
It is so much harder for us to trade crypto then it is for some things like stocks and metals. And for that reason there is more of a risk involved in it. It is a big risk for the big rewards.
Maybe we do not need to be rich to trade crypto. But we must know we can lose it all so fast and must be able to handle it.
Trading is actually risky but if you learn to follow rules then you should not be having a problem if you learn to abide by guidelines like stop loss and leverage and other ls you will see that you can limit your risk. And that is why people are always insisting that you should learn before you start investing or even trading. Get the basics and know the part you are taking you can not do everything in trading. Make a decision either you want to hold or you want to trade. Anything involving big returns it will definitely be associated with big risk but there is no choice if you want to make money you must be ready to take risk that is how it works. It is so much harder for us to trade crypto then it is for some things like stocks and metals. And for that reason there is more of a risk involved in it. It is a big risk for the big rewards.
Maybe we do not need to be rich to trade crypto. But we must know we can lose it all so fast and must be able to handle it.
When you start making money you will forget all this you saying about risk you would have gotten, and use to it already.
There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?
some persons doesn't know how to trade they j6st want to answer a trader, if see people who is complaining of lost in Trading you can see that those people is people that did not learn how to trade, because people that learn how to trade doesn't make a series of mistakes in trading, a good trader moat learn and understand the procedures of trading before they can be able to trade because the risk measures they have learnt...trading is basically base on your intellectual ability and if you understand the concept of trading you will not complain much base on loss you experience 
Firstly the most important factor is knowledge before thinking of earning from trading . When you try to skip the process of learning and unlearning you will keep losing more. Trading can make a rich one, poor and also poor one,poorer, but can make both very rich. The risk involved is you not knowing and understanding money management while trading is more than risk in itself. Trading becomes easy when you have an edge.
Everything as you trade will be risky, it should be you that knows how to handle your finances as you trade. Yes, it's for everyone but the poor ones will have harder time in recovery compared to the rich ones.As they are trading with experience and money, they're able to do necessary things that they can do as much as they can.
It's true that it becomes easy when you have the edge and idea of what you do and the rich almost got everything.
Well there is going to be some big risks if we are going to be trading. Trading crypto is not something every person can do and make a profit. If it was like that well then we would all be doing that for big gains.
It is so much harder for us to trade crypto then it is for some things like stocks and metals. And for that reason there is more of a risk involved in it. It is a big risk for the big rewards.
Maybe we do not need to be rich to trade crypto. But we must know we can lose it all so fast and must be able to handle it.
It is so much harder for us to trade crypto then it is for some things like stocks and metals. And for that reason there is more of a risk involved in it. It is a big risk for the big rewards.
Maybe we do not need to be rich to trade crypto. But we must know we can lose it all so fast and must be able to handle it.
Firstly the most important factor is knowledge before thinking of earning from trading . When you try to skip the process of learning and unlearning you will keep losing more. Trading can make a rich one, poor and also poor one,poorer, but can make both very rich. The risk involved is you not knowing and understanding money management while trading is more than risk in itself. Trading becomes easy when you have an edge.
Well there is going to be some big risks if we are going to be trading. Trading crypto is not something every person can do and make a profit. If it was like that well then we would all be doing that for big gains.
It is so much harder for us to trade crypto then it is for some things like stocks and metals. And for that reason there is more of a risk involved in it. It is a big risk for the big rewards.
Maybe we do not need to be rich to trade crypto. But we must know we can lose it all so fast and must be able to handle it.
It is so much harder for us to trade crypto then it is for some things like stocks and metals. And for that reason there is more of a risk involved in it. It is a big risk for the big rewards.
Maybe we do not need to be rich to trade crypto. But we must know we can lose it all so fast and must be able to handle it.
There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?
I think trading is for everyone not only for the rich because there is no harm if we do trading using a small amount of money, however because of the very risky situation small trader lose because they are afraid of loosing they can't control the emotions when it comes to money and they cannot focus on the important strategy to earn profit. While the big trader always earn because they are not afraid to lose because they have a lot of money they have a big confidence and always have a big patience because the money they used in trading is just a small part of thier millions of dollars.
The trading scheme is meant for both.Even the rich when they don't know the technical analysis to follow as a trader they lose their money but an average or poor person with little amount of money would be able to win a huge profit so it's not all about rich and poor the strategy on how to make huge profit that matters.As a rich or poor person trade what you can afford to lose because trading is quite risky and complicated,even the rich when they lose in trading it get them bordered.
Money is indeed the main requirement, but in the end I think it comes back to the sincerity of each person.
It is not about how rich you are starting on trading. Only the strong survives in here. More money just means you have more money to lose because you have bigger margin. That's it. Even if you have big capital, if you use leverage incorrectly, the money you invested in will melt instantaneously. There are many tools that are beneficial but should be used responsibly. That's why instead of focusing on the money, the focus should be in building good habits. The correct risk management, exposure, leverage, and the consistency of setups you are taking. It's a lot. That's why again, only the strong remains.
Some think about that since they easily got discourage on small profits they get from small capitals they trade. They want to earn fast cash that's why they though about this is only for those who have huge capital to earn big.
They forgot to realize that if they are just consistent on trading and to learn a lot of things that can help them on their trade for there are probabilities that the small amount they use will became huge especially if they have good learnings and good decision making towards the coins they are trading. Somehow its really hard to gain from trading since everything is unpredictable there, But if they are consistent and willing to learn from multiple sources then maybe the result will came different and the small amount they use will became more bigger due to the learnings they get about trading.
I prefer small income but I get it consistently, rather than getting big profits but we only get it occasionally and we get more losses. As long as we are consistent, we can have greater capital later, because we can accumulate the profits we get over time.They forgot to realize that if they are just consistent on trading and to learn a lot of things that can help them on their trade for there are probabilities that the small amount they use will became huge especially if they have good learnings and good decision making towards the coins they are trading. Somehow its really hard to gain from trading since everything is unpredictable there, But if they are consistent and willing to learn from multiple sources then maybe the result will came different and the small amount they use will became more bigger due to the learnings they get about trading.
There is no guarantee that by bringing large capital we can get big profits, because when we experience losses, the losses we will incur will be greater than if we brought small capital.
What's difficult is being consistent, because we can't just get consistency. We have to learn more to make the trades we make run well and also generate consistent profits.
You are right, the capital we use in trading and the profits we will get from trading will certainly be different, if we use small capital of course the profits we will get will also be small but with large capital we will get big profits but we We must be able to properly understand the risks we will face if we don't want to lose the money we use for trading.
Some think about that since they easily got discourage on small profits they get from small capitals they trade. They want to earn fast cash that's why they though about this is only for those who have huge capital to earn big.
They forgot to realize that if they are just consistent on trading and to learn a lot of things that can help them on their trade for there are probabilities that the small amount they use will became huge especially if they have good learnings and good decision making towards the coins they are trading. Somehow its really hard to gain from trading since everything is unpredictable there, But if they are consistent and willing to learn from multiple sources then maybe the result will came different and the small amount they use will became more bigger due to the learnings they get about trading.
I prefer small income but I get it consistently, rather than getting big profits but we only get it occasionally and we get more losses. As long as we are consistent, we can have greater capital later, because we can accumulate the profits we get over time.They forgot to realize that if they are just consistent on trading and to learn a lot of things that can help them on their trade for there are probabilities that the small amount they use will became huge especially if they have good learnings and good decision making towards the coins they are trading. Somehow its really hard to gain from trading since everything is unpredictable there, But if they are consistent and willing to learn from multiple sources then maybe the result will came different and the small amount they use will became more bigger due to the learnings they get about trading.
There is no guarantee that by bringing large capital we can get big profits, because when we experience losses, the losses we will incur will be greater than if we brought small capital.
What's difficult is being consistent, because we can't just get consistency. We have to learn more to make the trades we make run well and also generate consistent profits.
Rich indicates you have healthy amount of capital to manage your trade right? Actually if you have money then it will help you in many ways during trading. For example if you mistake in your technical analysis and loss your Capital, then rest of your money will help you to take another trade and recover your loss. But if you don't have healthy capital, it will be hard for you to restart and recover your a loss. But that doesn't mean without healthy amount of capital, you can't trade! You can start with small amount too but of course in spot trading. Otherwise your account will be zero for your one mistake
Yes trading is not just for the Rich, but the rich have an edge over the market in the place of loss due to technical analysis problem Nazmul012 stated that speaks volume in my heart, many with financial survent into trading can easily fall back and still gain their loss when their focast is going against the real market structure but very difficult for anyone who can't afford such finance.
But most cases one may be technically inclined and still gain ground during the trading without have much finance to Carter loss if any occurred , such people don't speculate so high in there technical analysis but only target smaller profit which can't even be see as 50-50 ratio of loss or gain the target always fall below this kind of market range why trading and still make something out of it.
Some may be also financial ok but still speculate or predict high and continue lossing in the trade I believe the trading is deem fit for any kind of individuals weather rich or poor but what retain you is the ability to trade with good analysis.
Not necessarily, especially crypto market comes with low possible amount to deposit and trade that makes someone with even $50 or 100 can start doing it. But to be profitable it's important to have decent capital for sure and it may take time for people to accumulate before starting their trading career. Rich people can afford to make mistakes while people with limited capital it can put an end.
yes that's correct. Doing trading doesn't mean you have to be rich, in fact people can become rich by trading. However, we need to be aware and understand the risks of trading. The worst risk is that we lose all the assets we own. However, if you are used to trading, I think the worst thing is losing most of the value of the assets we own. However, trading is for anyone who is willing to accept the risks.Some think about that since they easily got discourage on small profits they get from small capitals they trade. They want to earn fast cash that's why they though about this is only for those who have huge capital to earn big.
They forgot to realize that if they are just consistent on trading and to learn a lot of things that can help them on their trade for there are probabilities that the small amount they use will became huge especially if they have good learnings and good decision making towards the coins they are trading. Somehow its really hard to gain from trading since everything is unpredictable there, But if they are consistent and willing to learn from multiple sources then maybe the result will came different and the small amount they use will became more bigger due to the learnings they get about trading.
Not necessarily, especially crypto market comes with low possible amount to deposit and trade that makes someone with even $50 or 100 can start doing it. But to be profitable it's important to have decent capital for sure and it may take time for people to accumulate before starting their trading career. Rich people can afford to make mistakes while people with limited capital it can put an end.
yes that's correct. Doing trading doesn't mean you have to be rich, in fact people can become rich by trading. However, we need to be aware and understand the risks of trading. The worst risk is that we lose all the assets we own. However, if you are used to trading, I think the worst thing is losing most of the value of the assets we own. However, trading is for anyone who is willing to accept the risks. 
I think we cannot rule out the fact that there are some traders who have made a fortune from the world of trading, meaning that trading is not only for those rich people who have abundant money, on the other hand I understand that money is the main requirement for someone involved in the world of trading to seek profit, but it is still useless no matter how rich you are if you do not learn various things related to the world of trading well then obviously in the end you will end up being poor.
Money is indeed the main requirement, but in the end I think it comes back to the sincerity of each person, because after all someone who has strong intentions and determination then surely they will be able to take advantage or create opportunities to be made as an opportunity, if for example your income is only enough to make ends meet but on the other hand you have strong intentions and determination to get involved in the world of trading by learning various things based on hard work then I think you will not give up just because of the situation and circumstances that ultimately only create delays, because after all you can never progress if you don't make changes, meaning you need to find additional income to finance your involvement in the world of trading, so in my opinion trading is not only for those rich people but for people who have a strong intention and determination to learn along with having the courage to take risks regardless of rich or poor.
Money is indeed the main requirement, but in the end I think it comes back to the sincerity of each person, because after all someone who has strong intentions and determination then surely they will be able to take advantage or create opportunities to be made as an opportunity, if for example your income is only enough to make ends meet but on the other hand you have strong intentions and determination to get involved in the world of trading by learning various things based on hard work then I think you will not give up just because of the situation and circumstances that ultimately only create delays, because after all you can never progress if you don't make changes, meaning you need to find additional income to finance your involvement in the world of trading, so in my opinion trading is not only for those rich people but for people who have a strong intention and determination to learn along with having the courage to take risks regardless of rich or poor.
Not necessarily, especially crypto market comes with low possible amount to deposit and trade that makes someone with even $50 or 100 can start doing it. But to be profitable it's important to have decent capital for sure and it may take time for people to accumulate before starting their trading career. Rich people can afford to make mistakes while people with limited capital it can put an end.
a normal circumstances I think that any person who want to venture into trading have to understand the rules and the regulations of trading and also know they amount that is supposed to use for trading so that whenever it loses for the trading it will not affect him or her that much because some persons do entered into trading with a large amount of money thinking that they will make profit because they know that the higher the amount of money do deposit in Trading the higher the profit you make and the lower the money you deposit in Trading the lower profit you make so some people because of that like to deposit a higher amount so that they will make a large profit, so is not good in such, learning is the determinate factor. 
Quote from: Nrcewker
Rich people don’t need to trade to make money. They are rich by default. Yes those who worked hard and made some good money, they can continue to do by trading, but they aren’t rich in my perspective. Rich people already have enough money with them. So why they will just work hard to learn the skill of trading and earn money? Yes they can invest in some, where they will just sit and make money.
They have many businesses that is bringing profits to them, which are some of the reasons they don't like to show interest in trading because they know that is full of risk, and they don't want to lose what they have achieved from their businesses. Rich people don't want to involve themselves anything that will give them blood pressure when they lose, and they will prefer to spend their money in estate business where they don't use to struggle to make money.
Those that want to improve financially are the people that want to go into trading because they are ready to look for the money to start trading, to ensure they become a wealthy man or woman in the future and they have seen many people who use trading to make their future brighter.
Not necessarily, especially crypto market comes with low possible amount to deposit and trade that makes someone with even $50 or 100 can start doing it. But to be profitable it's important to have decent capital for sure and it may take time for people to accumulate before starting their trading career. Rich people can afford to make mistakes while people with limited capital it can put an end.
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