Topic: Should trading be for the rich? - page 6. (Read 2427 times)

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.

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.

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.

If you think that by trading you will easily become rich then you have to have large capital to be able to trade and using large capital in trading certainly has greater risks and also greater profits if we can do it right, try a demo account It would be very good if you don't understand anything about trading and don't have market research, because it will be very different from trading with a demo account using real money. We have to be able to analyze correctly the type of coin we are going to trade.
Every beginner certainly needs knowledge about trading first so they can start trading so they don't make mistakes when trading that make them lose money from the trade.

Yes trading is to get rich, everyone usually trades to get rich, but it is not for everyone. Those who want to start trading should understand everything well by trading on demo account when they are new and always research the market. Because it is very good and smart idea to learn everything well by trading demo account when you are new. This is very important. Because you can never succeed in trading with zero knowledge. And when you trade your full attention should be on trading only because if your mind is on other side while trading, then you will lose your money as you will not be able to make the right decision. Some traders only think about losing money while trading, they always have the same thoughts and they cannot make the right decision. As a result they always lose. So research the market  during trading and if you don't have enough knowledge then gain knowledge first and start trading with small money first.

Whether it is at the starting time or the continued trading time, it is better for traders to invest the money they can afford to lose. It is sweet in this regard because the probability that the person will lose the money is so high, it only gets better when huge profits have been made initially, and that is when the mind of the trader will be at rest, but to still preserve this, the expertise of the trader must be put into action. You can't just believe that because you had won big, that's how the market is, No. You need consistency before you can conclude on that, and you must know that it is possible you had luck on the first day, week or month, it is not a big deal, but consistency will prove it.

Nonetheless, it takes the consistency of several months for traders to be sure that they are worthy to be called a trader. And this must put your strategy, management, plans and psychology to the test before this is possible. All these are the important points to note by traders, and no matter how you practice, if you can't replicate what you know practically, they will always be futile and the end will be losses. I hear people always talking about learning, it is good, but that is just the beginning of the learning, even training as it is, I regard it as better than learning, though many do not differentiate the two, yet they are not the same. Regardless, what you learned in training still does not suggest your success in trading, it is only the outcome that will prove you worthy as a trader after blending what you know rightly.

To be able to enter trading, of course we need capital and they must be able to manage the money you bring to trade because if we don't understand it well, of course this will be very detrimental to ourselves because we have to lose the capital we bring to trade.

Yes, those who are not comfortable using small capital to trade, of course they don't need to trade so they can't make a profit and it's better for them to train themselves first to use a demo account by preparing capital to be able to trade when they already have enough capital. They feel that is enough and if we choose to hold altcoins of course we must have good knowledge about these coins because it is possible that the coins we hold do not have the potential for profits that we can get after we hold them.

You need money to start trading, amount doesn't matter much but it matter how a trader manage his money while trading. Although trading isn't only for rich but also not for poor cause you need to have money first to make more. If a trader feel insecure with his little fund then better not to start trading early. I think he need to take some more time to manage a centain amount of money to start trading, till that he should practice on demo. Sometimes staking or holding potential altcoins also help to increase fund. But knowledge is important otherwise trading could be as dangerous as it gives opportunities]

even without big capital you can take advantage of high leveraging as high as 100x leverage i think with small capital you can definitely grow that capital with diligent trading.
so definitely its not limited for rich people only everyone can also trade even with measly capital amounting only to $5 they can start out and if they want to grow fast utility the leverage feature
its there for reason and definitely those rich people with capital of millions aren't gonna be trading millions of dollars with that high leverage otherwise they are just trying to give away their money to people.
one thing need to know though if with small capital you might have lesser burden since its just small capital anyway but along the way if you are successful growing your capital to certain extent you will see that you really need
greed management to not always use high leverage otherwise you will be losing your money.

Definitely not. As you see, not all successful traders started living rich and have all those resources already available. Some just compromised their own comfortability so they can pursue trading since it could be the best way possible to make their lives changed. However, it’s always an edge if you trade without financial lapses since you can go extra mile in trading without being bothered by losses, compared to poor traders who will always set a poor and fixed budget when trading. But nevertheless, the result matters most on the trader’s performance and not on how financially capable a trader is.

Of course everyone can trade whether they are rich or poor. There is no difference between whether they are rich or poor and what differentiates someone in trading is whether they can analyze the market well or not, if they cannot analyze the market well then it will be very difficult for them to earn money. profit from the trading they do and they will even experience losses if they make mistakes in trading.
Yes, it would be better for a trader to always practice and continue to learn about trading so that when trading they can make profitable decisions for the trades they make.

Trading won't different between rich and poor, both will lose the money if they don't have proper knowledge. Fandmental analysis is easy one but most of people do mistake in technical analysis. So a trader need to practice more about trading and that's why the demo account is perfect for them. And when it's about rich and poor then it's true that rich people have large capital and that's why they unlock many facilities for their fund to manage trading and change their luck and poor people with few capital can't do well in trade even they take high leverage is for trading

Of course, trading never guarantees instant profits. Whatever our capital, we probably take times to take profits with good amount of money through trading. Although we use big funds, it doesn't increase the chance to get good profits if we still have lack of knowledge and experience. So, the profits will depend on how our knowledge and experience, it will be good when we can improve the knowledge and experience. We must understand that we will have effective strategies to use and have nice skills in trading when we have enough knowledge and experience.

Trading is for everyone, but the capital depends on the economic level of each person. Trading isn't a must with big funds/capital, we can use whatever our capital. Even we can use $50 - $100 for the capital for trading. I think it is no problem to use small funds if we are still the beginners. We can gradually increase the amount of money if we can take profits continuously. Sure, it is not impossible to be rich through trading someday but it must take a lot of time and efforts. And don't forget to always keep learning, it is also the key to success in trading.

Some can actually make money while trading but am not sure of the aspect that makes rich anyway, but there's a way we could apply being professional in what we do and have best outcomes from it, but in trading, we may remains unpredictable with the kind of trade we do, this is not about how expertise we are, it's something that has to do with being lucky and prompt at it all.

Personally I think it is almost impossible to get rich by trading. The probability of this is only 0.01% because trading is a kind of tide. And no one can ever profit from gambling. Although they gain some money temporarily, there comes a time when they lose everything in life.

The rich trader is already set, regardless of how much he will lose with his trades, he can always come back. While the poor trader, we don't know if that's his last money to trade and thats' why he's grinding to grow that capital that he's got. Because we don't everyone's situation and what they're dealing with but we're aware of how someone does it based on the situation that he's dealing with, so with this, the advantage is on the rich traders and it's still applicable that the rich becomes richer.

A poor trader will not get the benefits that the rich get. It takes time for the poor to build up their capital whereas a rich trader loses his money and can manage his trading quickly by managing that money. There is some difference between these two categories some will benefit more some less but this does not mean that the poor cannot do trading. There are many traders who initially started with a small capital but later increased their capital to a huge amount. Even after starting with big capital they lost their wealth. Those who can proceed with proper planning may be suitable for trading.

Personally I don’t believe trading is for only the rich, definitely other people who aren’t rich but knows how to take a good calculated risk can also be rich through trading with time. I will recommend a good understanding of how trading works before anyone starts trading. Also everyone should know that there are exchanges that tries to make trading easy for users so they can make profit and avoid loss, just like Bitget exchange. There are good opportunities to make profit through their copy trading feature either as a rich person or as someone who isn’t rich.

Can't gatekeep those people. It's not about that, but instead how they manage their money and spend the money they can afford, as well as know when to stop when needed. Both rich and poor have equal chance to get profit, they also can suffer from same losses because they can't stop when they are losing and many reasons that you can think about.

Pretty sure when you are poor, you have biggest chance to actually stop whenever you can due to money problem and you can naturally stop it when you feel enough and no affordable money you can spend more, unlike the rich where they can chase their losses as long as they have sufficient capital.

It will definitely take time for the traders with small capital, they're the ones who will have to go through the rough situation of the market and need to be more careful with their trades in order for them to grow that capital. As said, it's required to be patient and needs do a lot of work including the analysis. Whilst for the rich, they can simply do whatever they want if it's just a spare money that they've used as their capital because it is what's easy for them to dispose and have that money back again with their other source.