Topic: Trading is new occupation (Read 715 times)

Crypto trading as occupation is not new in the market. It's being here science the launch of Crypto trading. Many people loves to do it as occupation.
If you're good in reading the price chart of the token and can imagine the upcoming price of the coin you can be a good trader also. And if you get a good profit monthly you can take it as a full time job or occupation.

Trading is indeed a new occupation. you are your own boss an you have all your time to yourself.

This is the oldest occupation in our world. People have been trading for hundreds, thousands of years. Naturally, crypto trading is pretty young, but many thousands (suppose, even millions) live for it. Once I used to trade only, but due to the crypto winter in 2018, I decided to share trading with the main job.

The trade market is a very complex business and I think you have to work hard to take the trade market as a profession. I think the decision to take up a profession is definitely a good one. I think it is possible to meet the economic demand from this market if you can be a little hardworking. As a result of relying on online you do not have to earn through any manual labor like other professions. Then you can trade whenever you want i.e. full freedom you can earn unlimited income through investment you can make a profit at any time you want.

Some people do really have this kind of belief where they can make out on what others do achieved until they do experience on how bloody the market is when they do tend to engage with it.

It is for everyone but not every single of us will able to succeed into this market.For sure losses are part of the journey, some can withstand and some just do quit and ending up on frustration
or even blame trading to be a trash just because they had lost soo much money.

Dont make this as your last resort just because others are earning decent.You dont know on what are the challenges that they had faced before they do able to
get that spot.

Trading is not new, the cryptocurrency trading is new...
trading has been around since 1930 ++, increasingly developed until now. Cryptocurrency trading has been getting more and more interest since 2017 when Bitcoin was at its peak. Of course, this can be said to be a new occupation because so many people are focused and making money from trading cryptocurrencies.

You should make the distinction between trades who have been constantly profitable/living from trading for years and some who are only successful for a few months. One can have periods of success, but if he cannot survive drawdowns - he will not survive as a trader.

I don't know your friends. Maybe I'm wrong and they are very experimented traders, but when 90% of traders lose their account in 1 year, it is more likely, from a statistic pov, that your friends will lose their accounts.

It’s not a new occupation, it has been like that for years now, unless you’re just referring to cryptocurrency trading because I have seen people who are full-time traders. But this is not something that’s meant for everyone, you need have raised enough funds and have strong knowledge in the business, if not you’re going to wreck yourself.

I had my own business and was trading when I had nothing doing, I’d just bring out my laptop and start trading, and till now I don’t do trading full-time, but there are people who do it, and they have been doing it for long time.

Definitely agree with this. You can't quit your job and just start trading just because you see someone is earning. Trading is simple but not easy. The profit is not stable. There will be times that you will have consecutive wins but you can also have consecutive lose. You can do this part-time but not really full time although there are certain individuals who succeed in trading full time.

Some mentioned Buffet trading strategy, but stock is different from cryptocurrency in few aspect although I consider the 4-5 year cycle and halving an advantage. For any trader who wants to solely rely on the space he must have access to enough fiat, some for trade and some for daily upkeep. Most longterm traders a large fiat holders and can solely trade cryptocurrency, They also take huge profit in the bull that keep them through the bear.

You might be confusing investing with trading because actually trading yields continued and regular profits while investing into new projects bring huge risk and huge profits. Trading means you are buying a coin at a cheaper price and reading the market well like the coin should move in the up or down direction and then selling it.

I always buy bitcoins when there is a considerable drop in price because I know the price will raise back to the normal trend and this currency dip won't last longer but I am really bad at reading altcoins so it depends what you are good at and based on that you make your trading choices.

Well, although some people may think that "trading is not an occupation", but for me, yes, "trading" is a skilled profession, many traders are not working in the real work and they focus on working as a trader. It is like when you are trading stocks or even as a seller in a market. But this is quite different where the "thing" is a cryptocurrency, with more skillful activities, high risks but also high profits. And many people decided to resign from their real-life to get into a daily trader in cryptocurrency. As long as it makes you profits and money, it is a profession or occupation, moreover, when you really get into it. not only temporarily done.

Every occupation also involves risks. Say if you are a driver, you have risks of your life, if you are a seller, you also have risks to lose the funds, and if you are an employer, you have risks of making problems, getting mad at your boss, and many others. In brief, you will never avoid risks in your life, everything has risks, but how we can minimize getting risks is what we must do.
A daily trader, if he had decided to be a profession or occupation, he will never make it based on speculation, but based on the analysis.
There are actually many ways or strategies and also tools to help them arrange the strategies, analyze the market, and also manage the funds and also risks. See, it depends on what kind of trader you are.

I don't agree if trading is said to be a new occupation, because I myself have been a full time trader since 3 years ago.
Maybe this year more and more people are making trading as occupation because of the impact of the corona virus.
Many people have lost their jobs and need income, so trading can be an option today. With more and more people starting
living by trading, it does not mean that trading is a new type of occupation today.

I think its better to call trading as an opportunity to earn rather than an occupation.

Being a trader is not easy and there's no guarantee of gaining profit, it depends on a trader's plan and strategy, although some of traders are go full-time.

Plus the market is unstable that we cant take profit often. Its better to have another stable job to be financially stable.

You really have to consider as your job so you wont take trading easily because there’s a big risk to lose money in trading. Ever since people who knows how to trade they’ve done this for a living simply because its really profitable especially if you already have the skills. Depending on trading requires the best skills, so learn trading first before you do a full time trader.

What did you said ? Trading is a new occupation maybe for the other people but for the most people I don't think so because it is not a full time because income is not fix and sometimes you losing money or you do not earn. Because the real job will gives you permanent income but it's slow depends also to your job but in trading possible your money become very big amount.

The difficulty of trading is without a doubt a huge hurdle that most people cannot overcome but and even bigger one is simply the size of your capital, many people think of becoming traders without considering how much capital they actually need to make a living out of it and for the most part most traders simply do not have the money needed to make that their full time occupation, which is not wrong in itself but when they try to force their way into the activity and take higher risks just to try to get their dream that is when they lose all their capital.

Yes it can be new occupation now specially from pandemic situation. But trading in crypto market always risky because of market fluctuation. So if any body wants to take it as a occupation must have huge experience in this field. But this is good sign that more people going to engaged with it and market are exploring quickly. Hope in future more advantages coming for crypto engaged people.

thanks.

Many people see trading as a profession but it is not a complete profession the crypto market is not stable the market is fluctuating so there will be profit and loss it is usually chosen as a job crypto trading is more applicable to passive eye it is very profitable for professional traders. Therefore if you choose trading as a profession you have to learn trading rules strategies signals can be very profitable for traders there is no salary here because it is not a job able to earn through his own skills.

For me, trading is not a good kind of occupation because the market of the coin is volatile and this is a risky thing there is a chance you will lose up your funds unlike having a work you can have a passive income just because of your hard-working. Trading is too risky, yes there is a chance you will earn up money with this but there is a higher probability that you will instead you are gaining you're probably may lose your money.
It is better if you are using trading as another side job or sideline to prevent having issues with your funds, if you want to become the main source of income on your trading try to learn more about this, find your preferred trading indicators, technique, strategy and more skills.