Topic: TRADERS are not UNEMPLOYED - page 2. (Read 2000 times)

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.

You're right, dude; you can't really do trading activity if you don't have capital. And it's also true that traders can never be employees because we don't have employers here in the crypto space. You only become an employee because you have an employer, right?

So we are clear that we are not really employed as traders, but we need to work on being traders in the crypto space. How do we do that? We must always have an understanding of trading, and to do that, we must learn trading.

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.

Yes, I thought that too. Trading is just a way to make money, but not something that can be categorized as a job. However, we can see it as a job, when the person has actually made money from it. However, some people actually get losses, and I think, it's not a job if it results in losses. However, I think quite a lot of people are proud when they are used to making money from trading and think that it is their job.

Money management is a very important thing in trading, I have never seen someone who was successful in trading but couldn't manage their finances well, so this is a complement, if you can manage your money well then your path in trading will be smooth

taking risks carelessly and taking risks with a mature plan are different things, many people fail because they take risks without a mature plan, the same goes for trading, you will only lose if you take risks without a mature plan

Trading is looked down upon by many people.Although it is very funny. Those who fail to master it look down upon it.Moreover, it is not possible for everyone to master it.But those who are good at it are ruling it.And they are their own boss.That is, self-employed.

Job or not,it would really be just that depending into someones approach. There would be no wrong or right on how they would really be treating up trading because if this is something that makes you money
due on making profits then you would consider it as side job on which it isnt really that wrong too. For me on which i do have a day job on which i could really rely on at the same time i do make trades too
with the crypto that i do have in bag on which it would really be neither giving out that profit or not. If ever i do make money then it is good since it would really be adding up into my monthly income which
we know that it is really that an advantage if you do really know on what you are dealing with. It is really just that on how you do things on what matter most on here.

If you are someone whose that unemployed literally and making trade as your main job or going full time then it isnt really that a bad thing either. Just make it sure that you would really be making yourself sustainable because we do know that dealing up with this unpredictable space wont really be giving out anytime profitable trades on which there would really be those losing moments or time on which
you would really be needing out to have other sources too and not just that trading but if you could be able to handle it out then its good.

This happens because traders have not been said to be a proper profession and confirmed by the minister of labor, so their status is not registered in a professional documentation in the country so they can still be included in the freelencer profession, or unemployment.

This is what causes traders to still not be recognized in the community because there is no standardization, maybe if in a country that has recognized it it becomes a profession and is no longer considered unemployed, but so far in my opinion the important thing is to make money, no matter whether it is recognized or not, or even if it makes money then I have no problem being called unemployed because the important thing for me is to have money from whatever activities I do including trading.

I understand the logic, but I have to say it is not unemployed, but it is not like a job neither, it is a different new thing. I have seen some people who do this, they work every morning until they reach their daily goal, and if they do reach then they stop, if they do not reach then they stop at 5pm anyway no matter what. They keep doing this everyday, and they consider this a job, it is not like white collar job that we do ,even professional trader at wall street has a job, this is more like... hobby you make money from.

I can just make clay animals before dinner, and sell them for five dollars each, and call that a job too then, it is not the same. It is a way of making money, but not all ways of making money would be acceptable.

If you want to be a trader and you are not ready to learn, then you are just going to be losing without making anything. Trading is not what you think you can just jump into and you think you are going to be making money. If you do that, then you are totally wrong, because you won’t be making money, rather, you will be losing. If you want to be a trader, then you have to take your time to learn about trading. If you can’t learn, you will find it difficult to make money.
 
Some people do end up depending on signal providers, which is wrong. It’s better you learn how to trade yourself and don’t depend on anyone. Most of those signal providers are just scammers, some of them do have little knowledge about trading, but they will decide to create a group and ask people to pay so that they can share signals there. If you follow them, then you will discover that the amount you will be losing will be more than the one you will be making, so it’s just better to learn about trading and do your analysis yourself.

I get your points but frankly a successful trader doesn’t need to explain their work status to people to prove they’re self employed but rather their lifestyle will do the talking for them.
I don’t know for other countries, but every youth in my country who works remotely and lives a good life is been tagged a fraudster and that’s disheartening and I’m sure would make things difficult for a regular trader as they would not just need to explain that they’re self employed but rather have to explain with proves that they’re traders and I’ve also gotten some news in the past  where forex traders where harassed but the authorities never understood their earnings but I’m glad that issues is already getting addressed.

Trading is a very lucrative despite being a risky one, and recently, a lot of people are already finding a career path in the field and that’s already giving trading the right visibility and with time a trader will be seen as a work and not just a joker.

In fact, by trading more people lose their money. This is because trading is initially considered easy and many people expect that it will be easy to earn money and pursue financial freedom, so because they feel great, they become complacent and run out of money. especially for those who don't want to learn, so what they do seems like gambling. This is where businesses need knowledge, understanding and experience in trading

Of course, any activity that involves potential profits will always have the possibility of loss, in normal work you have to sacrifice time and sweat, maybe even your own health to get money, and in trading you have to sacrifice money as something that will be used as capital as well. which has the possibility of losing, meaning of course trading is a risky activity where as you said there is no guarantee of always being able to make a profit, but by having a lot of knowledge as a result of the learning you do, it is clear that you can increase your chances of profit slowly. And yes, of course what you say is true, that now we can make money from anywhere, not only from physical work, but also in the internet world, which is now increasingly modern and there are many facilities that we can use or take advantage of to make money. , and many people have achieved success by dedicating themselves to the world of the internet. In any case, the process will not betray the results if you do it correctly based on the right knowledge and understanding.

Indeed, there is no guarantee that trading can produce the profits we want, the risk of losses is that you will definitely lose there. I think the term trading is the same in my opinion, whether it's work or business, it's just a term, but both terms are the same as doing a target analysis to be able to make a profit. I think if we want to make money we don't always have to look in real life, but with advances in technology like today, making money can be done anywhere, whether in the virtual world (internet).

Honestly, while I agree that trading can be a job, I’d say that the reason for this conversation is that people believe it’s not a strong enough job. And in a way, I understand and agree with that. While trading can be a job, it shouldn’t be the only job. The reason is that trading can sometimes be terrible. There would be days when you lose it all, or almost all. Those are the days where your other job will cover for you. It’s not compulsory, but it’s safe so you don’t have to start begging for help if you start losing money and all.

      -    I like your answer, mate. I agree that if you really want to do trading as a source of income, you can do it in real life. That's why, always, if you don't know anything, study, so we know how to have chances to get profit in trading, that's all.

Because we must also be aware that it is not really easy to learn or do the actual trade to get a profit, there are many things that must be considered so that we can maintain the profit that we hope for in trading. That's why there are many people who tried that did not take long and succeeded.

Trading is not something that a person is supposed to fully depend on because you are not guaranteed to get profit all the time, especially the unemployed ones. But as you said, it is very risky to start trading with your savings. Yes, I actually believe that. But you can split your savings in half and still use the other half to trade, and if you succeed, you will use the profit as capital and return the other half. If you lose, you will just have to be patient. 
 
Because sometimes risk-taking makes you rich, that is why some people are not afraid to take risks, no matter the consequences. They will still take them because they believe and have the potential to succeed in the risk, even though sometimes they do fail.

I think it depends on everyone's point of view, but yes, I will stick to my belief that everything that can make money is a job, and I know one of the reasons why there are some people who think that traders are unemployed is because they have a standard of knowledge that work is an activity that requires someone to leave the house like going to the office for example.

This means that they are unable to compensate themselves with the times that now anything can be done just by staying at home using internet access, especially work, meaning that it does not mean that a trader who always stays at home is unemployed, because of course the proof is that they make money and they are able to support their lives with the trading activities they do and even their income can exceed the minimum wage of workers in their area.

Trading does require capital to do so. but anyone who has capital can trade. meaning they don't have to have a job or be unemployed. We will never know someone's financial situation. they could just trade with their savings. it's possible but too risky when they don't have a steady income. Of course trading can affect a person's financial condition.
It is important for anyone who wants to learn to trade to know more about trading before trying to trade. Don't be too hasty to trade, let alone make trading a job. the results may not be as good as thought.

same thing with freelancing, and entrepreneurship, the amount of scrutinize that people have towards the people venturing in this job is honestly ridiculous, if a trader is in loss then they're the loser of society, many people said, even though thats not true at all.
i've seen plenty of story and narrative over other social media where there are many people that undermine trader and call it not real job, well to be fair they can have their own opinion in that regard, but if thats the way society judges the only way for trader to prove themselves are to earn money and become rich.
I guess thats where the saying that you just mentioned coming from.

but if i'm being honest, its also probably due to the fact that there are so many trader that doesn't make money and just failing over the course of the year that contributes to this stereotypes though mabye some people find their relative or someone they know doing trading and doesn't make really much money and making premature conclusion about how trading is a fad without observing more in depth of what trading really is.