Topic: Should trading be for the rich? - page 2. (Read 2431 times)

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.

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.

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.

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.

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.

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.

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.

However more money or larger capital doesn't equate profitability. It just means that you have more to risk in the market and with the minimum leverage you can last long enough in the market and be able to predict future moves. Which means, you don't need more money trading. You just need a system to trade consistently and risk management to be able to last long enough in the market.

It's true that you can start in any amount. You can even start with zero using paper trading account and still be able to participate in live markets.

You can say that the rich has a greater opportunity of making more money because of the advantage they have in capital. Compare to people that have to struggle to be able to get capital to invest. And they invest heavily and so is there profit if not for that, bitcoin is actually for everybody but we all can not invest the same amount, your investment will now be according to what you can afford. And if is about bitcoin i think people with hudge capital will prefer to hold than trade since it actually involves a lot of money they will go for what is safe. And holding is much more safer than trading. Because imagine after investing good money and analysis fails God help us.

Trading isn't something that should be made for only rich Men but whoever that is capable of making profit from the market rich or poor so far you have sustainable source of income, Trading is for you ,so far you understand how to navigate the market and make some profits,  however Trading actually requires big capital to trade but that doesn't mean that you can't make profits trading with small funds.

Rich people don't need to trade because they already have a huge amount of cash but have you heard from any rich person that he has enough money? No because nobody is happy with the amount he has and as the amount of money increases so the dreams of a person also increases.

Most of the rich people are involved in both trading and investment because they want to utilize their money to make more money but if they will accept their own money then they will be happy always and will not work in risky fields like that of trading.

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.

anyone can start trading irrespective of their wealth status, but i think it should be the norm to be at least fulfilling the basic needs first and then use the money left for trade because that could disrupt the activity.
there are many people that trades with money they can't afford to lose and ended up in the bad state of financial condition you definitely don't want that to happen to you.

considering that trading outcome can never be predicted. I just don't expect anyone to get rich overnight from the trading activities and there are money at stake here, so we are talking about some serious effort of making profit where we might lose money anytime, therefore using money that can't be afforded to lose might motivate someone to go downhill in their financial condition as stated before.

after all, i'm pretty sure that even with $10 you can already start trading, but the important thing to know beforehand is whether the skill is sufficient and the financial condition is stable enough.

I don't think problem with trading ambition be for the rich because many trader want to earn quick profitable in trading behind market volatile and make easily to earn profit than other business way. Actually trading not promising to be rich and consistent earn much profit every order position but many trader want to make trading as main income and earn much profit as bigger possibility.
For trading techniques, every trader has their own way how to trade as short or long term trading but have the same decision to earn much profitable and make trading as the way to get rich.
We just try hard as possible without making small mistakes in trading, if we are not lucky there is still a chance to try again and I think almost 70% of successful traders make their financial condition better in the future.

Trading is not for the rich alone, neither is it for the very poor, I think that anybody that earns steady income from their work or business can do crypto trading, the amount of income that is earned will determine the level of income that will be used for trading. Therefore crypto trading should be an alternative source of income, where the trader should not solely rely on it to make money, because there's no guarantee that he'll be making profit everytime to take care of his responsibilities. Trading is hard and it's not for the unemployed who're looking for a means to make money, you need to have some money on ground before going into crypto trading.

well, not everyone is suited to trading. I feel that this is one way to make money. It doesn't matter whether they are poor or rich, if they are suitable for trading, then they can take advantage of it. However, even when he is a rich man, but when he is bad at trading, then trading is not suitable for him.
We know that there are many parameters in trading so that we can be successful in carrying it out, such as analysis, risk taking, and many more. If someone is able to do all that, I think he can try to trade. the only difference between poor and rich is the matter of capital in trading

Trading is certainly for everyone that is interested in it. We don't have to see trading as for the rich people because they have the fund to trade and make more money without having to go borrowing just like an average man would do to get funds to trade in the market.
Anyone can trade depending on how knowledgeable we are to make money in the market.
There are so many signal groups one can join to earn from the market and we should always be risk management conscious because to lose funds is as easy as earning it.

Trading should be for the fit and not for anyone who may just randomly thought about doing it, because they may not achieve the expected result from it if they are doing it the wrong way, if the rich thinks he has the money, that is just the other requirement or aspect of it, what is needed is to learn how to trade in the first place, whereas we should also not get it wrong because trading is meant for everyone to do as long as we are experienced in doing it.

Trading is not only for rich people, but when someone is rich, it will definitely be easier for him to trade even though there is no guarantee that he will get a certain amount of profit. But when someone already has sufficient capital that you can separate for trading, it will actually make it easier for someone to create a strategy after understanding the market through their own learning. And you won't be so surprised when you have to face losses because someone has prepared special capital for this so that it is no longer mixed with the money they use every day.

Meanwhile, for people who start with small capital, of course it will take more time to make that capital grow in the market through the profit targets they expect. Although it is also not bad to do as an initial experiment after someone really understands the market and also knows the best assets in the market itself. But they definitely need more patience and time to be successful through trading because their capital is small, although the level of struggle they have to face is not much different from those who have large capital.