Topic: Should trading be for the rich? - page 4. (Read 2427 times)
Trading is actually very risky. For this only rich people should do it. This is actually reasonable. Because first of all you have to have capital to trade and trade only the amount you can afford to lose. If you don't have enough knowledge about trading and you don't know enough about the cryptocurrency market then you shouldn't be trading. It never seems to me a small thing because it can cost you a lot of money financially. So even if you are more interested in trading then you should start trading with small funds and progress slowly if you can profit from there And it is best not to trade at first. Instead you can invest if you want and keep your invested money. If a poor person leans too much towards trade in the beginning, it will cause him a lot of frustration.
With the skill a trader can make millions of dollars from only few thousands of dollars. So rich people trade with only few thousands of dollars? I don't think so that means a trader can make fortune with a small investment with the right skill and discipline. A trader needs to be patience and consistent about his trading to make a fortune out of it.
Skill traders can make thousands of dollars by using in hundreds of dollars and investing thousands dollars they can make millions of dollars it's true and I seen a few traders.But with small capital it's too difficult to fill up this goal even for an expert traders, with small capital your profit will be small and take long time.
Trading should be accessible to all, not just the financially affluent. However, it's crucial to understand the risks. Starting with demo accounts for practice is advisable. Education and market understanding are essential for success. I believe that it's not only about making trading accessible, but also about providing the necessary knowledge and resources for anyone looking to thrive in this field.
If you have an idea if you have education if you have taken courses and are very skilled then surely you can become a millionaire by trading.
That is possible but can't just take it easy because there is no instant learning and profit in trading. Many traders had good knowledge and a high level of skill but some of them quit and become unsuccessful because trading does not just require knowledge and skill only but also patience. Impatient people if not all, but mostly had end with unsuccessful stories and failures. And a reason why we should never underestimate trading or say it was too easy is, we just know how difficult it is when we are in an actual situation. Yes, rich or poor, trading welcomes everyone but don't dare if we have a lack of trust and unprepared. Otherwise, we can be one of those who try but say goodbye later.
I don't believe that trading should be limited to the wealthy because everyone, rich or poor, requires money. What matters is the capital to begin with and the willingness to take risks and maintain self-control, but the reality is that anyone can learn how to trade and be successful; all it takes is the willingness to take risks, patience, and research to become a trader.
Well, as long as he has capital and is able to accept the risks of trading, then anyone can try it. However, after that, he can think about whether trading suits him or not. because it is suitable or not, it all depends after he makes the trade. Many people think that trading is suitable for everyone and is easy, but when they trade, they see that it is difficult.
With the skill a trader can make millions of dollars from only few thousands of dollars. So rich people trade with only few thousands of dollars? I don't think so that means a trader can make fortune with a small investment with the right skill and discipline. A trader needs to be patience and consistent about his trading to make a fortune out of it.
Trading is permissible for both poor and wealthy people but it will be better for a person to be a part of trading after making his financial status better. Trading needs so much money that a poor man cannot afford it but a middle class people can easily make money through Investment.
Poor people have only one or no source of income so if they start trading then their whole money will be wasted in earning more and getting benefit of one more chance because even an expert loss money during trading so its impossible for newbies to get wealth easily and without losing any amount.
Poor people have only one or no source of income so if they start trading then their whole money will be wasted in earning more and getting benefit of one more chance because even an expert loss money during trading so its impossible for newbies to get wealth easily and without losing any amount.
trading is highly recommended for people who have cold money, meaning people who are prepared that the money will be lost when they make a trade. because trading is quite risky, especially when traders use leverage in their trades, once they take the wrong position then within a few seconds or minutes their money will be gone. and therefore it is very important for traders to be able to have a stable income or business that can back them up when their trading experiences problems.
I don't believe that trading should be limited to the wealthy because everyone, rich or poor, requires money. What matters is the capital to begin with and the willingness to take risks and maintain self-control, but the reality is that anyone can learn how to trade and be successful; all it takes is the willingness to take risks, patience, and research to become a trader.
The advantage is with the rich and that is why they can easily trade. They do not have to put their ass off to job because they have ready money to trade.But I agree that trading isn't really limited to them as this is for everyone. A rich can slaughter poor guys money or a poor guy can slaughter rich folks money.
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 suitable for everyone but many people don't make money from trading because they don't have enough money. People who don't have money can't always prepare for trading on a trading platform because they always fear that if they lose money then their situation will get worse from various fears that they have to gain enough experience to stay away from trading. A bit more useful in case of the rich as they have no shortage of money that they can trade with huge sums of money thereby making money from them. If you think deeply the answer comes trading is very easy for rich people because they have enough means to supply money they are never afraid of trading because they don't lack money. So while trading is for everyone, bring a little more benefit to the rich.
I don't believe that trading should be limited to the wealthy because everyone, rich or poor, requires money. What matters is the capital to begin with and the willingness to take risks and maintain self-control, but the reality is that anyone can learn how to trade and be successful; all it takes is the willingness to take risks, patience, and research to become a trader.
If you have an idea if you have education if you have taken courses and are very skilled then surely you can become a millionaire by trading. By doing banier test you can celebrate your live satel as well as you can get risk because you can throw your invest in water because it is like gambling like gameling. You will see one thing that when you take the train in binary tate in one minute or 30 seconds you will see that your fate will be decided if you treat wisely then you will profit. Today, if you do not understand Tate or trade with other's signal, you have loss and potential in that case. In a moment you can be a millionaire in a moment you can be a fakir it depends on your luck in that case it goes without saying that date can change your fate. However, if you check visa or have a finance check, you will be a little bit less about cross-eating the profit of your trade because you will eat less even if you play loss, so you will not eat the capital.
Trading is for everybody that is why we keep seeing the rich and the poor trying hard to make money from trading.
If we know how to trade very well without making unnecessary loses, we would make good amount from it which some persons would not able to do so. We need to know what we are doing so that they we could keep making money from trading to better our lifestyle.
So many opportunities in the market we can always grab and enjoy the benefits.
If we know how to trade very well without making unnecessary loses, we would make good amount from it which some persons would not able to do so. We need to know what we are doing so that they we could keep making money from trading to better our lifestyle.
So many opportunities in the market we can always grab and enjoy the benefits.
I have target with trading should be rich and working hard how to earn much profit every time trading, I don't spent more time with trading but earn few profitable and its not balance yet with how much money and my time waste if can't get rich trough trading.
But keep working hard not dreaming only before trading make analyze and researching with bitcoin or altcoin price potential few days later will break out or not, you don't need have limitation with profitable achieving from bitcoin or altcoin trading and must take huge goals achieving with trading earn much money to be the richest person.
But in trading have already with risk and try to minimalize low risk when trading by using stop loss feature, don't be on comfort zone position with few percent profitable is enough because in trading make impossible becoming possible.
But keep working hard not dreaming only before trading make analyze and researching with bitcoin or altcoin price potential few days later will break out or not, you don't need have limitation with profitable achieving from bitcoin or altcoin trading and must take huge goals achieving with trading earn much money to be the richest person.
But in trading have already with risk and try to minimalize low risk when trading by using stop loss feature, don't be on comfort zone position with few percent profitable is enough because in trading make impossible becoming possible.
Trading is for anyone that is ready to take the risk , weather, rich, or poor, I will say that anyone that is able to take the risk of losing his or her profits is ready for Trading then most people that doesn’t have capital trying to raise a capital for trading I would advise this issue start trading with what they can afford to lose I am not advising anyone to start trading with their whole money or saving to trade because everything about trading is risk, but one thing I may advise you is that, you should be among the people which is taking a calculated ricks and Trading, anyone can take risk if you succeeded in trading no problem that is cool it’s not really that Trading is meant for the rich it’s just that the rich are lucky to have a capital at any point which Trading comes up
Should trading be exclusive to financially comfortable and rich because of how risky it is?
Sure that you have quite big chance to recover and you have room to recover if you lose often if you are financially comfortable with your economy. The opposite can't be said the same for everyone, they have small room of errors and it could massively affect their economy even worse if they lose so cares should be the top priority if you trade from non-stable economy.I have seen that non financially comfortable to be successful in trading, the only thing that matters is how the trader manage their run because that's what differs them from other traders.
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.
I think trading is not for everyone.Because if someone does not have money, even if he is experienced in trading, he will not be able to trade even if he wants to. Similarly if someone has money to trade again but he doesn't know or understand anything about trading he can't trade even if he wants to. So you have to have both ability and experience to trade otherwise you are not suitable for trading.Quote
Should trading be exclusive to financially comfortable and rich because of how risky it is?
I don't think trading is financially comfortable because we have to take a lot of risks while trading. If you buy a coin and start trading, you don't know exactly whether the price of this coin may increase or decrease. If the price of the coin increases then you are financially self-sufficient otherwise if the price of the coin decreases then you will suffer financially. Moreover, those who dream of becoming rich through trading are dreaming wrongly. 
I would highly recommend starting trading with small money because having a lot of money in no way guarantees, that you will be able to earn more, in fact it will only increase the chances of losing more. But there is no need to take my words as a warning against trading with big money, both rich and poor can lose everything, just as rich and poor can earn, this largely depends on knowledge and understanding of the market and its manipulability, and not on the amount of money.
It's much better because we can control emotions a little when we suffer losses and trading with small money can also be an exercise to improve skills on trading. The structure of knowledge can direct people to trade in the right way while rich or poor is not a reference. Practicing trading capabilities will be much faster by trading directly but important things must also be learned first, I start trading with small capital and although now not a professional trader but more or less better understand how to do the correct trading.The problem of dealing with trade risks by entering large money is not easy to control because that is better to enter a small money as a trading exercise to increase skills. After knowledge is getting better, it can be slowly improved the amount of money we want to increase and that should be that a beginner is involved.
Trading is permissible for both poor and wealthy people but it will be better for a person to be a part of trading after making his financial status better. Trading needs so much money that a poor man cannot afford it but a middle class people can easily make money through Investment.
Wait, so you're saying trading is for only the rich if you request for our financial status to be better before starting to trade. Trading is a way of making money therefore a broke individual can still trade and upgrade their financial status. All it'll take is to be determine to learn how to trade perfectly and not be among those set of people that want quick money from trading but take trading as a career that you want to learn and use to make profits therefore everything that needs to be learnt will be learnt before you start risking money. Already you know you don't have money therefore you shouldn't be wasting the little that you have. Through trading you can increase your money but don't rely completely on only trading for getting money.
Trading is permissible for both poor and wealthy people but it will be better for a person to be a part of trading after making his financial status better. Trading needs so much money that a poor man cannot afford it but a middle class people can easily make money through Investment.
Poor people have only one or no source of income so if they start trading then their whole money will be wasted in earning more and getting benefit of one more chance because even an expert loss money during trading so its impossible for newbies to get wealth easily and without losing any amount.
Poor people have only one or no source of income so if they start trading then their whole money will be wasted in earning more and getting benefit of one more chance because even an expert loss money during trading so its impossible for newbies to get wealth easily and without losing any amount.
Is it because rich people have so much money that trade should be reserved for them. So what if they always experience losses, will they be able to survive in the trade? Trading is not intended for anyone and trading can be done by anyone who dares to take risks because the most important thing is how people can deal with pressure and they continue to try to correct the trading mistakes they make so as not to result in losses every time.
Trading is more effective when people have knowledge and money to start with. But not having a lot of money doesn't mean people can't get involved in trading, because you or anyone can use small capital to start, as long as you know how to trade correctly and appropriately.
I would highly recommend starting trading with small money because having a lot of money in no way guarantees, that you will be able to earn more, in fact it will only increase the chances of losing more. But there is no need to take my words as a warning against trading with big money, both rich and poor can lose everything, just as rich and poor can earn, this largely depends on knowledge and understanding of the market and its manipulability, and not on the amount of money. Trading is more effective when people have knowledge and money to start with. But not having a lot of money doesn't mean people can't get involved in trading, because you or anyone can use small capital to start, as long as you know how to trade correctly and appropriately.
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