Should trading be for the rich? - page 5.

ancafe

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Quote from: Stepstowealth on November 27, 2023, 04:44:13 PM

Should trading be exclusive to financially comfortable and rich because of how risky it is?

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.

batang_bitcoin

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Quote from: Natalim on February 22, 2024, 04:31:36 PM

As a trader, we must know how to determine if we need more capital or not.

Usually, we've got the same logic in trading. The higher the capital, the better and more potential higher profits but it's not always the case because the results depend on the trader himself.

Quote from: Natalim on February 22, 2024, 04:31:36 PM

We must consider our situation before doing this just to ensure that we never make more losses instead of profits. Or else, forget about increasing capital instead of focusing on how to improve our performance first.

That's true, if you don't have much capital and you're not as rich as the other traders. Just start and try to grow that amount that you have in trading. It's the journey itself that you'll have the idea if it's worth it to add some more capital or not.

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Quote from: Volimack on February 22, 2024, 04:11:37 AM

Without proper skills there is risk in trading also need to know the trading strategies. If you don't have good experience you will fear losing the capital you use. In the beginning the amount of capital should be reduced and after gaining good experience about the market you should enter the trade.

For traders who are learning to carry out experiments in order to have more experience and knowledge needed for trading, of course they don't have to think about too much capital. Because basically they can immediately make experiments with a small amount of capital to seek knowledge and understanding that they have not yet obtained before.

Because of the things that will become habits that will make them experienced while doing digging by asking several people who they already consider to be experts. Because trading in the crypto market must have a clear and detailed direction so that we can know clearly the amount of profit or loss that occurs in our own trading.

Mate2237

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Trading is for all but the rich make more profit than the poor because in trading the more you deposit to trade the more profit you make. If the trading capital is small then the profit will also be small but if the capital is big then the profit will also be big and it is only the rich can provide the big capital to trade and have good profit. And that is why there are some rich people who understand trading but no time or chance to trade would hire experts to trade for them and pay them weekly.

As it is said trading is for all but not all have the funds to trade. So if you don't have the funds to trade then look for someone to so that you can trade for the person and from there you can raise funds to trade by yourself.

Hyphen(-)

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Quote from: JayTrain on February 22, 2024, 11:27:49 AM

I believe trading isn't always about big money. Some start with small sums and gradually grow, learning the market. Knowledge, experience, and strategy are vital for successful trading. Even with a modest income, you can start with small investments and build your capital over time. The key is being open to learning and continuously improving your skills. Trading is not just about financial success but also personal growth and development.

That is true, but not always. When you have enough money as capital, you can sometimes gain more in crypto trading because with large capital, you can claim a small percentage of profit because it is a reasonable amount of money, as opposed to small amounts of investment, where small percentage increases are not seen as a reasonable profit because the money is due to the small amount of capital used to invest.

Natalim

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Quote from: Awaklara on February 22, 2024, 12:26:53 AM

Quote from: cakravothy on February 13, 2024, 01:11:11 AM

If you want to trade to become rich, you need big capital. if you don't have big capital, if you have great ability to analyze it accurately, you can also be rich. by trading using leverage this means if crypto future trading. because with future trading you can trade with more than the capital you have.

Increasing leverage also increases risk. that means what you trade can also be lost very quickly.
However, those who trade must have capital. and if we have little capital we trade, it is better to be patient to build our trade better gradually. There's no need to rush to get rich quickly or even target big profits by increasing leverage. This could result in losses rather than the expected profits.

Trading is risky in the first place and I assume that those who try trading are also willing to lose their money if happens (no regrets). Increasing leverage should be made when we feel confident and we already see that we are performing so well but if not, should stay on the usual amount we used.

As a trader, we must know how to determine if we need more capital or not. We must consider our situation before doing this just to ensure that we never make more losses instead of profits. Or else, forget about increasing capital instead of focusing on how to improve our performance first.

armanda90

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Quote from: leonair on February 22, 2024, 11:56:03 AM

Trading has spread to everyone, not just the rich. Many do not hesitate to borrow and trade despite not having their own money. Because most people consider trading as a way to earn money easily. and because of this they are jumping into trading without acquiring proper knowledge about trading and analysis. there is no restriction for anyone in trading. Anyone can do trading so no one can say that trading is meant for the rich or the poor

Trading not promising to earn much profitable and easily to be rich, actually there are not any limitation with user come from for trading as rich, poor, student or businessmen during have enough knowledge has the same chance for earning profitable in cryptocurrency trading.
But have bad decision by some one when making trading as the faster way quick rich and not care what risk will face later when trading with wrong time and have bad coins for investing or trading.
No doubt, every one seems easily can trade in cryptocurrency just buy in lower price and selling later in the higher price, but small trader can understand well with risk and concept how to earn much profit with cryptocurrency and they have good target as trading can't promising to be rich in the future.

ajiz138

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Quote from: Mahanton on February 22, 2024, 12:32:21 PM

Trading is really that for everyone, doesnt matter if you are rich or poor, young or old. As long you do know on what you are doing then you are qualified on doing so. Its a free market on which
this is a free thing on which you could really be able to make yourself get engage as long you do have the funds or capital to start off with but of course dont make yourself that too optimistic that you could
really be able to handle out this market so easily because if it was easy in the first place then we wont really be seeing losers and majority are already winners and rich people.

There is no limit to trading everyone can enter and start trading even if it's $10, with old/young - poor/rich anyone can.

There are always many inspiring stories in the trading that they have done over the years.

For example:
Someone starts from small capital and then can develop into tens of thousands of dollars they can do this because they already have years of learning skills and from small capital can become large or can be said to be rich.

There is a big capital just for ambition, this is not a few many people do this because they feel they have money and then enter the market with no caution and do not do risk management well then they can lose more.

So in trading depending on the skills you have how much you minimize the risk.

Mahanton

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Quote from: leonair on February 22, 2024, 11:56:03 AM

Quote from: Z_MBFM on February 22, 2024, 07:14:56 AM

Quote from: Stepstowealth on November 27, 2023, 04:44:13 PM

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 always a risky things and trading will not granted your profit for any specific time like another income source like job business or anything else so if you want to trade then you must have to have the money an ability to take risk. on the others hand you must have the another source of income to cover your daily expenses. because cheating will not bring any regular propaid for your daily expenses. trading not require any rich person anyone can trade if they have the ability to accept the trading loss. and then if you have enough trading skill then you can make profit

Trading has spread to everyone, not just the rich. Many do not hesitate to borrow and trade despite not having their own money. Because most people consider trading as a way to earn money easily. and because of this they are jumping into trading without acquiring proper knowledge about trading and analysis. there is no restriction for anyone in trading. Anyone can do trading so no one can say that trading is meant for the rich or the poor

Trading is really that for everyone, doesnt matter if you are rich or poor, young or old. As long you do know on what you are doing then you are qualified on doing so. Its a free market on which
this is a free thing on which you could really be able to make yourself get engage as long you do have the funds or capital to start off with but of course dont make yourself that too optimistic that you could
really be able to handle out this market so easily because if it was easy in the first place then we wont really be seeing losers and majority are already winners and rich people.

You should really be that doing well into this unpredictable space if you do wanted to make yourself having that advantage because if not then you would really be ending up
on losing money but of course losing is inevitable. It is really just that there are people who are really that persevere on things on which they do know that the could do it despite of the loses.

leonair

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Quote from: Z_MBFM on February 22, 2024, 07:14:56 AM

Quote from: Stepstowealth on November 27, 2023, 04:44:13 PM

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 always a risky things and trading will not granted your profit for any specific time like another income source like job business or anything else so if you want to trade then you must have to have the money an ability to take risk. on the others hand you must have the another source of income to cover your daily expenses. because cheating will not bring any regular propaid for your daily expenses. trading not require any rich person anyone can trade if they have the ability to accept the trading loss. and then if you have enough trading skill then you can make profit

Trading has spread to everyone, not just the rich. Many do not hesitate to borrow and trade despite not having their own money. Because most people consider trading as a way to earn money easily. and because of this they are jumping into trading without acquiring proper knowledge about trading and analysis. there is no restriction for anyone in trading. Anyone can do trading so no one can say that trading is meant for the rich or the poor

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Quote from: bettercrypto on February 22, 2024, 11:39:51 AM

.snip.

Quote

The majority of people in every country or around the world are poor, and there are others who are middle-class people. But trading is for everyone; as long as you have capital that you can use to buy currency here in crypto, bitcoin, stocks, or forex, you can do it.

The important thing is that you have the capital to qualify for a platform where you will engage in trading activity. But the easiest way to do trading is really crypto trading; even if you are poor and want to advance in life, you can do it, and this is the beauty of the crypto business.

As said earlier, you can not over emphasize the fact that trading is foreveryone. You don't choose to trade, you're, in some cases, obliged to trade just to make a living and nothing more and looking intrinsically, you know what exact kind of trading you are to be involved in.

Forget those trading with luxury, trade with the little you have, there are platforms that will accept your level of funding.

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Quote from: wallet4bitcoin on February 12, 2024, 08:37:32 PM

The business of trading is simply buying and/or selling.

Based on this aforementioned, it is impossible to say, non on earth either did both or just one. it is also known that only 3 percent of humans in every 100% are truly rich.
If everyone does buy and/or sell, it is therefore correct to say trading shouldn't be for the rich alone.

The majority of people in every country or around the world are poor, and there are others who are middle-class people. But trading is for everyone; as long as you have capital that you can use to buy currency here in crypto, bitcoin, stocks, or forex, you can do it.

The important thing is that you have the capital to qualify for a platform where you will engage in trading activity. But the easiest way to do trading is really crypto trading; even if you are poor and want to advance in life, you can do it, and this is the beauty of the crypto business.

JayTrain

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I believe trading isn't always about big money. Some start with small sums and gradually grow, learning the market. Knowledge, experience, and strategy are vital for successful trading. Even with a modest income, you can start with small investments and build your capital over time. The key is being open to learning and continuously improving your skills. Trading is not just about financial success but also personal growth and development.

Z_MBFM

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Quote from: Stepstowealth on November 27, 2023, 04:44:13 PM

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 always a risky things and trading will not granted your profit for any specific time like another income source like job business or anything else so if you want to trade then you must have to have the money an ability to take risk. on the others hand you must have the another source of income to cover your daily expenses. because cheating will not bring any regular propaid for your daily expenses. trading not require any rich person anyone can trade if they have the ability to accept the trading loss. and then if you have enough trading skill then you can make profit

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Quote from: Bravut on February 13, 2024, 02:41:08 PM

If one have the right knowledge(edge), I don't buy the idea of a person losing more money than profits.Trading is exceptional because even if you have big capital amount you can still lose and if you have small capital you can still grow it and Vice versa.
Capital shouldn't be limiting factor but having the right skill set should be the 1 criteria.

Without proper skills there is risk in trading also need to know the trading strategies. If you don't have good experience you will fear losing the capital you use. In the beginning the amount of capital should be reduced and after gaining good experience about the market you should enter the trade.

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Quote from: Awaklara on February 22, 2024, 12:26:53 AM

Increasing leverage also increases risk. that means what you trade can also be lost very quickly.
However, those who trade must have capital. and if we have little capital we trade, it is better to be patient to build our trade better gradually. There's no need to rush to get rich quickly or even target big profits by increasing leverage. This could result in losses rather than the expected profits.

On the other hand, without experience, you cannot immediately start trading with large capital, first you need to gain experience and understand whether you can make money from trading or not. And if a trader manages to trade with small funds, then with large capital everything may be different, the trader must go through these stages gradually to understand how acceptable this is for him. I don’t think that trading is only for the rich, success in trading depend on a person’s ability to analyze markets and trade, but with successful trading, at some point a trader will need capital.

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Quote from: Awaklara on February 22, 2024, 12:26:53 AM

Quote from: cakravothy on February 13, 2024, 01:11:11 AM

If you want to trade to become rich, you need big capital. if you don't have big capital, if you have great ability to analyze it accurately, you can also be rich. by trading using leverage this means if crypto future trading. because with future trading you can trade with more than the capital you have.

Increasing leverage also increases risk. that means what you trade can also be lost very quickly.
However, those who trade must have capital. and if we have little capital we trade, it is better to be patient to build our trade better gradually. There's no need to rush to get rich quickly or even target big profits by increasing leverage. This could result in losses rather than the expected profits.

Yes, that's right, increasing leverage also increases risk if the position is not in the right direction. I also trade with small capital, I am not so brave to use large leverage for bigger profit ambitions. I would prefer to do it gradually. it would probably be better for me to build my trading capital from small.

Quote from: Tahid12 on February 21, 2024, 06:34:18 PM

Partially yes. Without a certain amount of money, its hard to manage calculation and Trading management. Loss, recovery, risk percentage everything is depends on money. When I stated starting with little money, most the time i loss. In some situation, you need more money or something there'll be Many opportunity but withiy money, you can't do anything. Maybe a trader with less amount, can also survive in trading but it'll be hard for him. But not impossible. So i can say, everyone can trade. And a perfect trade can change many things in life.

Still, large capital will help traders to open up opportunities for success. But everything must also depend on the trader's abilities. traders with small capital like me will be more careful in determining positions and planning. we make a little money from trading to grow the portfolio. and it is sustainable and will gradually develop our trading capital in the future.

Awaklara

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Quote from: cakravothy on February 13, 2024, 01:11:11 AM

If you want to trade to become rich, you need big capital. if you don't have big capital, if you have great ability to analyze it accurately, you can also be rich. by trading using leverage this means if crypto future trading. because with future trading you can trade with more than the capital you have.

Increasing leverage also increases risk. that means what you trade can also be lost very quickly.
However, those who trade must have capital. and if we have little capital we trade, it is better to be patient to build our trade better gradually. There's no need to rush to get rich quickly or even target big profits by increasing leverage. This could result in losses rather than the expected profits.

Julien_Olynpic

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This is a bit of a strange question, because now there is no shortage of money in the market and in life. If you need money, you can always take out a loan. In the USA, rates are now relatively low - 5.5% per annum. While in many other countries the key rate and the loan rate can be double-digit. Nevertheless, now loans with a free interest-free period have become widespread, which can be quite long, up to six months or even up to 1 year. So, most likely you are not short of money, but you are not qualified enough to manage money effectively. If you demonstrate the ability to grow money. Then investors will come to you themselves.

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Partially yes. Without a certain amount of money, its hard to manage calculation and Trading management. Loss, recovery, risk percentage everything is depends on money. When I stated starting with little money, most the time i loss. In some situation, you need more money or something there'll be Many opportunity but withiy money, you can't do anything. Maybe a trader with less amount, can also survive in trading but it'll be hard for him. But not impossible. So i can say, everyone can trade. And a perfect trade can change many things in life.

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