Topic: Should trading be for the rich? - page 3. (Read 2444 times)

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

No, trading is certainly not only for the rich. It certainly true that most people have more capital to invest in trading than others, you can still start up with any amount you have. You should also understand that there are risk involved and there are no guarantee for profits just so you know. That's you can lose your money through this process don't feel too surprised.  There are many successful traders who started with small money they have and has made significant profit. To be successful is to learn, understand the market and come up with possible strategies.

Simply put, money is important in trading activities because even though you have knowledge, if you don't have money then we also can't get involved in it. The combination of knowledge with money is always marked in achieving success in trading, even though there are great opportunities that we get if someone really understands how to trade correctly. Trading is not easy to do because there is a big risk if someone is not able to make analysis and usually taking risks without the right knowledge will actually make us lose money.

To train trading skills requires knowledge and experience in it so if we don't have money then we can't possibly try to get involved directly. For me, knowledge and money are two important things because we can combine them to practice better trading skills. There are many people who have a lot of money but they have no knowledge about trading so there is no use for that money when it comes to trading.

To be able to trade of course requires knowledge and also capital that they can use to trade and anyone can do this if they can analyze the market well to be able to know the right time to trade in order to make a profit, yes of course this is not entirely about money, but for those who have the ability but no capital, of course they cannot trade, so those two things must be owned by someone who decides to trade.

If we cannot understand trading well, of course we will not be able to make a profit from trading and it would be better for us to have knowledge about trading so that we can make a profit when trading.

Free trading is carried out by anyone who has the ability and is not limited only to the financially rich. Trading can be done by anyone, but without money, how can anyone trade? That's why trading requires capital because there are many risks involved, especially if you don't have any knowledge about trading. Many people have money but do not have the ability to trade because they do not have the knowledge and that is why trading is not only limited to people who have money.

Trading requires knowledge and money to be involved in it, without both we cannot do it. Logically, trading always looks at how someone can make a profit, but if people don't have the knowledge, we will actually be faced with the problem of losses. When someone wants to get involved in trading then one must have some knowledge and money without that never get involved in it.

well, if other people can turn hundreds of dollars into thousands of dollars, and thousands of dollars into much more, then that will also apply to people who have little capital. For example, when he started with $10, he could change that to $100, and that would be within the initial criteria you said.
This is not a matter of poor or rich, but of who has the ability, and has the courage to take risks. The difference is, rich people have a lot of capital, so when they fail, they can try again. However, it is not as easy as we say. However, I feel that anyone can try trading as long as they are willing to take risks.

Firstly trading is for everyone and not just for the rich, I understand that you are aiming at financial matters and thus concluding that trading is exclusively for the rich, but can't the rich end up being street beggars if they trade the wrong way? yes obviously, because no matter rich or poor trading is still risky for anyone and also we cannot conclude that poor people will experience losses when they get involved while rich people will benefit, it is not like that because basically whoever it is and whatever their background is still they will be able to get a pretty good profit if they are basically willing to learn from their mistakes that make them experience losses seriously which in turn makes them change for the better and this applies to rich or poor people.

On the other hand I understand that the level of concern of the poor may be much higher about losing money than the rich but you can't just conclude that they will always make mistakes that can end the session with a loss, because mistakes can be made by anyone and do not know the financial background, the point is that if for example poor people want to learn seriously then they can change their financial situation for the better as a result of the hard work and learning process they have gone through.

yes trading isn't for everyone, because you don't have money you will not be able to trade at all. I'm not saying trading is meant for the rich alone, you can not use empty pocket and make money.that is while trading required money.you can not catch fish without hook or net.

You have to be so lucky to buy an altcoin like pepe after launch. I'd say at least 99% of coins are scams.

Starting with little amount will help you understand that this market is very aggressive. That's the help that I am thinking and the lesson you'll gain from it is kind of helpful to you if you ever decide to pursue it.
But if it's about growing with small amounts, you'll have hard time in doing so because the market is too volatile and you as a trader that want to grow that amount might have hard adjustments from it.

The capital is small enough to only be used to learn trading, not to make more money consistently. But you also need to know that with just $10 in capital you can earn hundreds of thousands of dollars, this could happen from memecoins that are currently hyped. as in the PEPE coin. Many people have managed to make profits of up to hundreds of thousands of dollars just by buying PEPE before the hype. But to get a memecoin like PEPE is not easy, it also depends on luck.

This is very relatable. I have freinds that have started trading with little money some even went ahead to borrow money from other sources willing to give them at the end of they day they would return some percentage of that money to them.

The truth is to be successful in trading one needs enough equity. Starting with little money will not help at all, instead it will expose the trader to take high risk which may end up closing the trade. But if there were enough capital they will be able to manage risk by using low lots size and high money for trade. It will also increase balance and reduce unnecessary pressure.

Not for the rich but for those who can afford it. It means that we need money and it is quite difficult for poor people to make it which gives some people the assumption that this is only for wealthy/rich people. But there is a point in saying that because rich people can spend their money in trading without worrying about anything to possibly lose unlike how poor people responded to the situation.

Even though we think it is for everyone, still we consider the capacity of a trader and one must consider if that person has money enough to support their trading journey. Otherwise, all of this is just a dream and ambition.

There are no rich or poor in trading.  But investing is easy for the wealthy.  There are many people who are not able to apply money in trading or any kind of business due to lack of money.  To think from one side, to do business or trading one needs to own some money.  Because there are many people who want to do trading but are unable to do it due to lack of sufficient money.  They should save money first and then invest it in trading or elsewhere.  Because how can you invest money in trading if you don't have enough funds.  If you don't have your own money, if you want to trade with the money borrowed from others, then if you face a loss, then all your money will go and you will have to pay the borrowed money even if you sell your necessary land.  So one should not invest in any kind of business or trading without owning enough money

Everyone can trade if they want but the perfect definition of it is "Trading is for them who knows and understand trading" in my opinion. Of course money does matter cause anyone can't trade without money. Even you need decent amount of money to manage trading.. but mainly its all about Focus, discipline, dedication, analysis, patient and knowledge what makes a person prefect trader together where momey matter less. Cause some traders can make thousands from some dollars. So learn first. Or trading will be just a loss project for you

Honestly, I'm my own way of perspective, Trading is strictly for the rich because it's programmed to Rekt people a lot. Where the rich can easily use small leverage with huge money to make good profit.
While we the poor will use high leverage with small money to lose or get liquidated.

The more professional a trader is, the more he or she can control the risks of their trading. Whether you use a stop loss or not, it's part of a strategy or habit that traders often use.
especially for those who trade with large amounts of money, they will be careful in determining positions and targets. they will not be too greedy in wanting a high target, but the most important thing is that their small target can be achieved.

In risky and hard acts like trading, we usually don't know if we will succeed or not, till the time we try it and by trying it we must accept it even if we ended up as a failure. We might be a failure but at least we tried. It adds up to our experience and this still gives us an accomplished feeling.

The more the merrier as they say which is true in terms of profits but as a starter, I think we need to set a realistic profit first because the higher the profit we want to achieve, the higher the risk we are also going to face. You said we shouldn't stay in our comfort zone but at the same time you recommend to use a stop loss? I think pro traders rarely use this anymore.

Trading is for everyone Trading is not just for the rich. But there is some truth here, those who have a lot of money, it is very convenient for them to supply any money to the trading platform, but those who do not have a lot of money, after trading, it is very difficult to pay. When the trading platform does not require any tension to provide money, then the analysis can be done very well on the trading platform and even if it loses for any reason, it can be handled easily, but those who have less money, even if they manage some money in a unique way, if this money is lost, then they cannot handle themselves. Of course trading is very helpful for the rich but not so much for the poor because it depends on money.

     Trading is open to anyone who wants to learn from it or make a profit from it. Then the basic rules in trading if you want to make money here are that you must have the capital to buy crypto assets that you will trade with, because that is what is needed; you cannot buy coins to trade; that's why you are called a trader. These are basic things that we should know.

     Apart from that, there is also a lot to consider in learning trading because it is not just guessing. Of course, it is not like that; instead, there are indicators that are used and based on so that they can make technical and fundamental analysis. Are you willing to know and go through them?