Topic: Should trading be for the rich? - page 12. (Read 2425 times)

Trading requires a combination of knowledge, experience and discipline. It is not something that can only be bought with money. However, it's not about how much money you have, but how well you can navigate and understand the intricacies of the market. I think trading is not limited to any class, but it requires knowledge, determination and understanding how to trade properly. It's a way to make quick money, but there are always risks and challenges. Regardless of how much money you have, trading can be a viable option for earning profits. Ultimately it requires hard work and a willingness to learn from success and failure.

i don't see any discrimination here because it's a open for all of like who is poor or rich that's doesn't matter.
it's not an easy for a rich person if no trading experience, on the other hand a poor person can start trade with small money if experienced,
so it's depend on poor or rich people, here knowledge and experienced is more important. 

If trading is for the rich, then did you mean investing as well? If that's the case, then I should have pity those poor individuals who are capable to trade but don't have sufficient funds to finance trading. But thankfully, that is not the case. Trading is obviously both for rich and poor, but the more that you have gained adequate knowledge and honed skills and strategies for trading, the higher the advantage you will be successful in trading. Although being financially stable is also crucial because you have the chances to keep on trading despite of the losses, but I believe good trading performance always makes an edge in trading.

But one thing is certain, even if you're rich and financially stable, as long as you suffer from consistent losses in trading without chances to gain decent profits, then think a lot of times, probably trading is not meant for you.

As someone who started trading with a very low capital and then increased my capital steadily, I don't think and accept that an experienced trader cannot trade due to lack of money. Someone with really good experience can make money by trading regardless of the budget amount and increase their existing capital in this way.

For example, although it is quite difficult to earn regular income by trading let's assume that an individual is experienced and knowledgeable enough to earn 100% profit every month. This person may not be able to use 1,000 units of money to trade due to financial difficulties but if he/she uses 100 units of money depending on his/her financial situation, he/she will have 3,200 units of capital only if he/she earns 100% income regularly every month at the end of the sixth month. Yes, although this is something that seems theoretically possible unfortunately it may not be possible when implemented but when it is considered with this logic rather than directly it is possible to understand that a truly experienced and knowledgeable person can increase their capital in this way.

Of course, it may be a difficult process to create capital for oneself depending on one's financial situation or the economic conditions of the country in which one is located but as I mentioned after creating a small capital a truly experienced and successful trader can grow his/her capital in this way by earning small profit margins in the initial stages. I wrote this comment as someone who seriously increased his existing capital in this way and I think that anyone who is experienced and successful can achieve this.

Well, sometimes panicking is better than holding for too long. Yeah, if you are talking about BTC then perhaps it makes more sense but if you are into trading altcoins and you hold for too long because you don't want to close the trade in a loss, then chances are you will lose it all.

In general, though, I agree that having patience is important because crypto market is volatile and things will always move up and down and you cannot just expect them to go right in the long term.

For the rich, it's easier to maintain their calm because they can afford to lose and start over again but that doesn't mean they can keep losing because even the richest people can get zeroed in no time.

Unfortunately I have been one of those people for years and that's why I prefer long term holding. Don't get me wrong I am trying to do better and I am trying to make sure that it is going strong, but at the same time I am doing it the right way whenever I can with long term holding as well. I get that people are not at that level right now and we should not be looking into this as all that troublesome, but the situation is different right now and not that big.

I think it is quite clear that we need to make sure that we can find something that will change it and it should be a bit different result, think about it, if you are not entirely certain about the situation then how could you end up investing or trading. So my personal situation is that I try to stay away from anything like that, and just avoid all the trouble, and just focus on how to make some money with long term, and only trade with tiny amounts to make sure I get better one day on how to trade.

cryptocurrency is a very beautiful innovation that doesn't put segregation on who or who can not trade and a lot of people are trying their best to be part of Bitcoin it is just about trust because even some whales today trust Bitcoin and they are holding some quite amount of bitcoin, once your capital is install then the next thing is to start trading but before anyone starts trading they should not start without not have idea on it because trading is not something you use instincts for. it has a process that must be followed and once one step is missed then that missed step can cost you. The margin of trading is different because all fingers are not equal some people started small now and currently they are big traders.

when it comes to cryptocurrency you hardly detect the people who hold and use a small amount of money to trade for sustenance, their middle people but at the same time there are rich people and everyone is trying not to put their eggs in one basket, everyone wants more money, and a lot of people in the world population are interested some are serious why others just want to taste and nothing more, and everyone has a choice to trade even with money some will diligently try their best to invest and wait patiently for return.

Trading is a skill, and while money is required to exploit it to your maximum ability, it is not as if those that are rich are born with the ability to trade the markets, they could be great at a specific business but they can be just as terrible as anyone else when it comes to trading the markets.

And if anything their wealth could play against them, as after suffering big losses instead of giving up for a time and study the markets, they could keep trading until their capital gets depleted.

I have started my trading with just a few bucks, I think it was 20 or 30 dollars. I think people are forgetting that trading is something you can learn and keep learning all your life and keep as a skill forever. Which means, even if you have nearly nothing today, if you learn the skill of trading, then one day eventually if you could save some money, or make some money by chance, then you could start to trade with that money, and you will not lose any time because you are already a good trader thanks to being able to work on that skill. So if you start learning how to trade even if its demo today, and for 6 months to a year you just learn the skill and basic information and trade on a demo, and then after a year you start putting in like 10-20 bucks per month, that still will turn into something, and one day when you come up with some bigger amount, you will be ready to turn that into something huge.

If trading is exclusive for rich people only, then why do we see such poor individuals experience life's big changes because of successful trading. That only proves that trading has no limits or distinctions. Successful trading can both happen to rich or poor traders.

While trading can be a lot more risky most especially to those who only trade with limited amount of money, but if those traders have also developed working skills and strategies for successful trading, then risking in trading is always worth the efforts and risks.

Newbies crypto users think that crypto can get rich overnight but the amount is small. It is foolish to think that the group of such people is so small that your forehead will be like that. Moreover making money by investing or trading crypto requires a lot of effort and money. In my opinion put away the get rich scheme and make yourself the latest expert so that you can get more or less profit from crypto if you don't lose it. There are many experts who survive in the crypto market with small profits because their losses are almost negligible.

Exactly. I believe that before a trader should think about asking people to invest in his trade, he or she might try it out with their own money to still verify how successful their trade could be in the real market before they start to ask others to invest with them. Trading is not always the same on a demon account as when one is trading with real money. Some people trade very well on Demon and make a profit, but on the real account, most of the strategies seem not to be very successful again.

It is true and right that trading is for everyone, but the question is: does everyone want trading as we know it here in cryptocurrency? Others like trading, but in their minds, the work of studying here is lacking. That's the problem with others entering the crypto space.

Almost everyone here knows very well that trading is not easy; even in forex, it is not an easy lesson, to be honest. It's not just hype like other traders do; I don't know if those are real traders who say it's easy to make money from trading. which is not the concept.

Trading does not have to be “exclusively financially comfortable and wealthy.” Many traders started with small amounts and, over time, developed into successful ones. It's important to learn, improve your skills, and take a smart approach to risk. Demonstrating patience and gradually increasing your investment can be the key to long-term trading success.

not everyone here is rich, others started with knowledge of trading, it's just a poor person like me, my capital was only 1k when I started trading, of course before I started, I studied well first, I used a demo account for practice until I got my own strategy and that's when my 1k grew

It can only be an excuse for people who are finding it challenging to trade, trading is not exclusive to the only rich only but if you have more money, you will enjoy it very well.

Trading is like investment, the more capital you risk, the more profit you are bound to have but again, that depend on your management skills. If you don't have good management skills, the riches can turn poor over night if you don't do well in trading. You need to be well established and knowledgeable about trading whether you have small resources or have big resources.

As a trader, with large capital in spot you will only have large profits depending on your position and with small capital, you can only make small capital depending also on your capital. However, the goal isn't of trading shouldn't be capital alone, you should understand trading very well, with time and consistency the capital will grow into something big.

There are many people who have learned business for a long time and have enough knowledge but are not able to start it with enough money to start the business. Many people can make good money by trading and many people lose their money by trading only because of their wrong decisions. If a person has minimum knowledge about trading then I think he can definitely earn less and more but understand the amount of money. If you have more words then you can make good amount of profit by trading whereas if you have less money and start trading with less funds then you will definitely get less profit. People who want to start trading with a small amount of money are often afraid of losing and they tend to think negatively instead of thinking positively. And that's why it's best to avoid those people from trading because it's risky and lose money, so it's best to invest in crypto business it can always make a person rich. And people mostly become rich by investing and they can make huge amount of money just by investing because it is risk free.

It is indeed something that can be achieved success through trading, but not many people can do it, there are 3 things that must be considered to achieve success from trading, the most important is psychological, mental strength is the main menu to learn, then there is something called money management , where we must be able to manage our capital and must also master the technical analysis used

"Trade with that amount you can afford to lose". Can the poor afford to lose anything? Obviously,  trading is for those who are financially buoyant and capable. Having just the technical skills is not enough and it is not adviceable to trade with loan money.  It is not a must to trade, if you do not have the needed resources to trade with,  you just have to look  elsewhere.


"Start small and grow later" is not applicable to trading. The amount you trade with goes a long way to show you are making a profitable move or just wasting your time. Trade with significant amounts and with your high trading skills, you will see position results.

Trading is for everyone, but not everyone can trade.
What I mean is that, not all have the capabilities to trade especially when it comes to financial things because we know that newbies tend to lose money on their first trades because they lack experience.

Should training be for the rich only? A little bit of yes, and no. Rich people can just trade, lose their money, and trade again while poor ones will lose their money especially when they're newbies, and there's a chance that they don't have money anymore. I don't know if there are some traders who started with a small amount of capital and turned out to be successful traders.

Always take note that trading in a demo account isn't the same as trading with a real account because your emotions will be different when doing either one of them. Trading is for everyone whether you're rich or poor, but sometimes, money can be a big factor whether you will become a successful trader one or not.