Topic: Should trading be for the rich? - page 14. (Read 2427 times)
op First of all thank you very much you have brought up many important points. True, there are still many people who have enough knowledge to trade Bitcoin, but due to financial reasons, they may not be able to trade in Bitcoin. I will discuss a personal one. A friend of mine had quite good knowledge about Bitcoin. But due to financial problems of his family, he could not trade in Bitcoin properly. I personally gave my friend some money to trade in Bitcoin and then he never looked back. He is now a successful Bitcoin trader.
Anyone can trade wether you're rich or poor. For me, there is no difference between them but their trading capital. Why? Because they can both become profitable or not profitable in trading. They both need to do backtest or do a demo account. Rich traders don't trade with the same margin as poor traders, they put margin based on what they can afford to lose. The only difference I see in them is their trading knowledge and mindset.
Just some days ago, one of my friends at the university was charting with me, and he said he wanted someone who would invest in his trading skills and that he was 90% sure of his strategy working and yielding more profit than loss. I wanted to give him a try, but when I asked him if he had invested any money yet and he said no, that it was just a demo that he had used to learn all the strategies, I gave because I didn't want to be the escape goat who ends up losing his money after his first trade.
OP, trading is for everyone as long as the person has the zeal for it. While learning how to trade, the person can also be sourcing for ways to earn some money that they can invest in the real trade and try their skill out.
People nowadays are too believing to themselves even if without the actual experience. I guess that's a good capital for them and can't blame them for being too confident without proper application of actual trading.OP, trading is for everyone as long as the person has the zeal for it. While learning how to trade, the person can also be sourcing for ways to earn some money that they can invest in the real trade and try their skill out.
While it's true that trading is for everyone even these people that are thinking that they are investable because they think they're smart and skilled, they don't know yet how brutal trading is.
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Just some days ago, one of my friends at the university was charting with me, and he said he wanted someone who would invest in his trading skills and that he was 90% sure of his strategy working and yielding more profit than loss. I wanted to give him a try, but when I asked him if he had invested any money yet and he said no, that it was just a demo that he had used to learn all the strategies, I gave because I didn't want to be the escape goat who ends up losing his money after his first trade.
OP, trading is for everyone as long as the person has the zeal for it. While learning how to trade, the person can also be sourcing for ways to earn some money that they can invest in the real trade and try their skill out.
OP, trading is for everyone as long as the person has the zeal for it. While learning how to trade, the person can also be sourcing for ways to earn some money that they can invest in the real trade and try their skill out.
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?
If other individual traders enter crypto trading and feel scared and worried as traders, I don't think he belongs in this industry. We must understand that traders rely on you to be aware of unforeseen events in the market.
That is why it is not possible here if you do not know how to read and apply each of the trading indicators used to predict the direction of the price of the coin you are trading on an exchange. Because it is certain that your trading activity will have no destination if you merely create estimates as a basis that you do not apply.
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?
When trading, there will only be two possibilities, gains or losses. When we want to enter trading, we must be ready for both. If we have these worries and cannot control them or control these worries, then that means we are not ready for all the risks of trading. So, it would be better if we don't carry out trading activities first. Indeed, worry is not completely wrong, we are allowed to have it, especially with this worry, we will be more careful and also better prepared to carry out various analyzes and strategies based on sufficient knowledge. However, on the other hand, if the worry is too excessive and makes us uneasy and can disturb our focus on trading, then that means we are really not ready mentally and emotionally for trading. And this is quite dangerous.Pro traders usually have their own tactics so they can consider trading as a way to get money and collect it. So they might be able to achieve glory and success in trading. However, if we are really new and/or don't really understand trading and still have the concerns above, then it is too high if we aim to get rich from trading. In fact, expectations that are too high sometimes actually make us too stressed when trading, especially if it doesn't match expectations.
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?
There is no distinction in trading, regardless if you are rich or poor, everyone is given equal opportunities to trade and make profits. The only reason why trading is not for everyone is that if you trade without sufficient knowledge and skills, because surely trading will only put you to your losing end. But if you have the requirements to trade, and you are good enough to manage your emotions in trading, then trading is right for you, even if you don't have huge funds to trade.However, I see it as an advantage if you are a rich trader, because that means that it won't be easier for you to quit and just leave gambling easily. Instead, you will use your money to keep practicing trading until you develop your own skills and valuable strategies that will make you successful and profitable trader.
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?
There is a famous quote about this that 'trading is not for everyone'. This shows that trading belongs to certain people who have skill, experience, and a fund for investment. A person who has all the knowledge, and expertise in technical analysis but if he has not had much money for investment and also the other person who has a small fund but worries about losing it, is useless. Trading without investment is very difficult, and if you have some connection from where you borrow some money for trading and make a trade, but there is a small problem what if you lose all the money, how you can repay that amount to the person and the answer of all this question is that trading is not working on borrowing money instead it required some funds with the zero involvement of emotions. 
Should trading be exclusive to financially comfortable and rich because of how risky it is?
It is not required or reserved for trading to be exclusive to rich people because you know that trading is not only for rich people.
Those who want to trade [rich and poor] can do so even if their economic level is above, middle or below, there are no restrictions.
Simply put, it is called trading because buying and selling transactions occur. In buying and selling there are profits and losses. Without money, it is impossible to trade.
Trading requires skill after having money. People with economic levels above without skills can lose out. Rich people find it easy to trade.
In conclusion, trading is not for rich people or for people with higher economic levels.
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?
Answer of your question lies within your question, you said rich makes no money while they have the money to do trading but due to no knowledge about trading and the basics they are losing while at the other hand poor people don't do trading practially becaue they don't have real money to do that. If you give more observation to it then you will realize that if your prefered system is accepted and to be implemented.Then only those who are rich will be allowed to do trading or hose who meets the capital qouta would make trades, but this is equals to job discrimination while in my mind trading provides everyone equal opportunities regardless of any financial state and this is better for everyone.
Rich don't know how to make money and poor don't have any money then its mean rich are not going to be rich anymore
they are going to lose more and with time they will lose interest and the demand will decrease and supply will increase this will decrease the price overall which is bad for market. 
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?
It doesn't have to be, trading can be done by anyone with capital, which doesn't have to be a large amount, although it also doesn't have to be a very small amount. But in terms of comfort and wealth, I think that also has an influence and can also be said to be true because those who have a lot of money will certainly find it easier to do anything, including trading. However, in general trading can be done by anyone who has the intention to do it, although almost everyone has to go through a learning phase and look for capital to do this. 
Trading is not for all not even for richest if they lack the trading skills and knowledge which is not everybody's cup of tea. As people have suggested above one cannot start trading without any funds hence they have to accumulate funds via traditional jobs and then use it for trading, obviously starting with demo account and unlocking their potential and learning curve. Nowadays there are more people with money who don't know trading than those who knows trading ambur don't have funds.
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?
If someone has the skill to trade but not the money then he has to find ways to get the money first. What are the point of being knowledgeable about trading if you cannot trade due to a lack of money? The question should be how he can get the money. There are many ways selling a course about trading, running a live trading course can be run on the internet where students will pay a subscription charge, he can also open a youtube channel where he will share his trading skills with others This YouTube channel can also generate money for him.
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?
Dont know on there you did get the idea but everything you've said is wrong and here's the thing;1. Trading on demo isnt something that poor could be able to do so, everyone can. No exclusions or some sort.
2. You can start live trading with few bucks as your capital, although profits cant be felt that much which its understandable.
3. Loosing? Neither you are noob or pro, there's no avoiding on this one
4. Risk? Its always been risky this is why you should be needing up to learn those specific or needed skills.
Trading is for everyone
Market is open for everyone
It do only matters whether you would be deciding on trying out to make advantage with market volatility
or simply be avoiding it, it all matters on you! imho.
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?
Nah, it will destroy everything, because let's just say you want to make trade only in BTC so to do that you have to confirm your status of finance, this is bullshit, because most of the time big rich OGz don't want to reveal there money and still wanted to make trades, what will they do then. Ok, you are smart, you also have a solution for it which might be--> the prove of reserves or confirming the POR on some trading platform (DEXs or CEXs) which means, you have to hide that information but it will be a vulnerability to the decentralization factor which is not what BTC is proposing.BTC is public to everyone, so anyone could adopt it, do trade in it, no one have to prove anything about there financial status, if poor with no money knows how to trade but not making any trade due to lack of money, then its a good thing, and when they have the money they will make money out of market and if the rich do have money but they aren't making any profits instead losing then its there choice.
Every person choses there own way and have to face consequences accordingly.
Trading should be for those that have money. That means that it's for those that can afford to trade and knows that it can either be a lose or a win.
It is a reality that you can't trade without money but not all poor people don't have money. It's either they classify themselves as poor because nothing is left with them after obligations paid.
If someone wants to trade, of course they must have capital to be able to trade and they must also understand the risk of loss that will occur in trading if they cannot trade well.It is a reality that you can't trade without money but not all poor people don't have money. It's either they classify themselves as poor because nothing is left with them after obligations paid.
Yes, you are right, if we don't have the money to be able to trade of course we won't be able to do it and it would be better for us to be able to meet our own needs first rather than trade and not have any money left to meet the needs we need.
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?
Definitely not! there’s a leverage feature on trading which a poor can borrow more capital in exchange for a margin on his original balance but this way they can invest like with big capital.
Even rich hurts when they lose and the amount is proportional to their total capital which means rich person can losses is proportional to the loss of poor when we consider the difference on capital. Rich just gain more faster but poor people can always grow his capital slowly without competing to the rate of growth to rich people.
Should trading be exclusive to financially comfortable and rich because of how risky it is?
Crypto trading is different from other trading, crypto trading can be done by anyone, it doesn't require rich people, poor people, middle class people so it can be done, it can be done freely.The point is that what is needed in crypto trading is not rich or poor, namely: the knowledge and skills possessed by each individual, to produce well in trading.
Rich people, they only have money, but that determines success in crypto trading as I said.
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?
No! Trading is neither for the poors nor for the riches but for those who can bear the risk. Having a lots of money is not a guarantee of success in trading although it has its role likewise having little money doesn't mean you're going to fail. Actually, trading can be risky but there are ways to mitigate risk and trade responsibly even if you don't have a lot of money.
The amount of money you have doesn't necessarily determine your success in trading because trading is a skill that takes time and effort to master and even those with a lot of money can make mistakes and lose all their money if they don't trade responsibly. Yes, I know being financially balanced has its role to play in trading and can be helpful but it's not the only factor that determines success. Trading success depends on how well you can manage your finances and risk no matter of whether it's small or large.
Trading should be for those that have money. That means that it's for those that can afford to trade and knows that it can either be a lose or a win.
It is a reality that you can't trade without money but not all poor people don't have money. It's either they classify themselves as poor because nothing is left with them after obligations paid.
It is a reality that you can't trade without money but not all poor people don't have money. It's either they classify themselves as poor because nothing is left with them after obligations paid.
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