Topic: TRADERS are not UNEMPLOYED (Read 2000 times)

With all the uncertainties, it's surprising if someone doesn't see the need for a second source of income. Diversifying our income can naturally increase our overall earnings. Relying on trading as your main income is risky and can be frustrating due to market conditions. Every trader experiences this. We need to set up passive income streams. For me, it helps me sleep better without much stress. By diversifying our income, we can achieve greater financial security and enjoy life more.

We are not here to prevent or interfere with anyone's choices or lives because we have no right to do that. People just want to say that if we make trading our main job and depend on it as our main source of income then it is too risky, and advise people not to do this. As you know, making a profit in trading is already difficult and it will be even more difficult when you set a goal of needing to make a profit regularly every month to meet your daily needs. So, giving advice to others, especially newbies to help them avoid making mistakes is not a bad thing, and I also don't think advising others would be considered meddling with their work.

Personally, I would never consider trading as a main job because income from it is not guaranteed, it should only be a side job when we have free time.
As Dewi Aries also mentioned below, even experienced traders give similar advice, if we want to become a trader, we must first have another source of income.

In fact, whatever the form of work, if the activity has the potential to make money then yes it can be called a job, or that means it is included in the class of work because it does produce money, but there are some activities that produce money that should not be used as the main income to support all life's needs. and an example is trading, because after all trading is always an activity that has risks, sometimes the level of risk can be very significant if a trader makes a mistake consciously or unconsciously.

So it's not a problem to get involved in the world of trading, but don't make it the main place to cover all your needs because the necessities of life will not be tolerated, in the sense that when you need money you have to have money at that moment, while trading is an activity. It's risky, which means that not every session you make a profit, that's why most people always choose a job that is certain with an agreement to get a monthly or weekly salary.

I understand the concept of trading related to full time job and aside trading anyone can still make money to support their trading journey because money is needed to finance every step. Trading is not a job but, any trader can earn profit always while sometimes they face lose, in situations like this I will consider trading as a side job, it’s an additional income mainly because a trader can’t win always.

I respect your opinion but I don't understand why you mean only manual labor by work. See workers earn money through their physical labor it is work just like a businessman earns money by performing business activities and sometimes incurs loss this is also work and those who do official work at institutional level also include work. But in any case everyone in the world earns their livelihood through work from their respective positions so no one is unemployed.

If a trader is able to cover his expenses through trading, I won't be stopping them from doing so. That only means that they know what they're doing and they're effective traders.

There's nothing wrong with what they do as long as it is sustainable whether they treat it full time or part time job.

What matters to us is we shouldn't be meddling with the work of other people that are just trying to put food to their tables.

If a trader is able to cover his expenses through trading, I won't be stopping them from doing so. That only means that they know what they're doing and they're effective traders.

There's nothing wrong with what they do as long as it is sustainable whether they treat it full time or part time job.

What matters to us is we shouldn't be meddling with the work of other people that are just trying to put food to their tables.

Using trading as your main place to get money from to cover all your needs isn't going to work. The market doesn't favour you always as a trader, there's going to be times when you won't be able to win. The market isn't stable and won't give you one result always therefore you shouldn't be depending on trading. If you trade and make a money, it can be used for other businesses that you can depend on. All professional traders have other side businesses

But I think traders are employed as they're earning money from when they trade, there earning are not constant as other individuals that might be working for a privacy business or the government but they can be earning more than those other individual that you would say they're employed. A trader can make money from few trade that he can use for the rest of the month.

So it's not a problem to get involved in the world of trading, but don't make it the main place to cover all your needs because the necessities of life will not be tolerated, in the sense that when you need money you have to have money at that moment, while trading is an activity. It's risky, which means that not every session you make a profit, that's why most people always choose a job that is certain with an agreement to get a monthly or weekly salary.

So it's not a problem to get involved in the world of trading, but don't make it the main place to cover all your needs because the necessities of life will not be tolerated,

It depends on what one chooses to be ,Some are full-time traders only they don't do any other jobs apart from that while others engage in other side hustles.

Besides been a fulltime trader with no real job doesn't mean one is unemployed Trading on its own is a real job a really hard one.

Even those who are experienced can sometimes still make mistakes in predicting or analyzing the market. However, to be successful in this job is very difficult, of course we sacrifice many things, namely money and time. Yes, what you say is correct, of course it is very difficult for someone who does not have a main income to get involved, as we know trading requires capital to make transactions on the market, I agree with you that trading cannot be said to be a main job but only a side job. for those who are not used to trading on the market.

If we want to make money from trading, of course we must first have expertise in trading and must also have experience in the field of trading because without having skills and experience, of course there is very little chance of making a profit and I view trading as just a side job and if so If you want to make trading a source of income, of course we have to really follow market movements and news about the assets we are trading, but I think this is very difficult and it would be better if we made it an additional source of income and must still have a main source of income for can meet our needs.

I respect your opinion but I don't understand why you mean only manual labor by work. See workers earn money through their physical labor it is work just like a businessman earns money by performing business activities and sometimes incurs loss this is also work and those who do official work at institutional level also include work. But in any case everyone in the world earns their livelihood through work from their respective positions so no one is unemployed.

In my long years of trading and being a tutor, I am sure to say that trading is risky and many will never be able to make money from it but to waste the little they have into it. For this, it will be so disastrous to take it as your only source of income, but instead taking it as a means to earn passive income is a very good plan. What we should consider as a means of living is what can give us a near-guaranteed income at a regular period of time and not something that is risky like trading. If at all you are so good at trading (which is an exception to this), it can still be risky to rely on it. There should be a plan B from the already earned income in case things start falling apart in trading.

I said this because there is no perfect trader and no matter how good and managerial you are in it, the test of time may fall in that will scatter all that you had gathered. This is also irrespective of how long you've been trading or the learning you have gathered, it is only about the nature of trading itself. Trading will trick you into losing even as you will fall victim due to the susceptibility of human nature to emotions and irrational decisions. The best is to have another source (s) of income and I am sure that this will lessen the issues that could arise from trading and also the pressing financial needs.

I don't think trading is a job. Because for me real job is where you can make money daily from your hard work and effort. But trading is different, there's no guarantee that you can always make money, and you must always used capital for every trade and aside from that there's a risk of losing it. So for me, it's better to say trading is a business because it always has a risk same with trading. Despite of that, if the trader is not profitable and keep losing funds because they trade out of nowhere from the chart then it's called gambling, not a business.