What ways can a trader raise money? - page 2.

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It's not easy as people see traders collecting money, they have a lot of experience and risks they face when starting trading. Things that traders need to pay attention to are following each price movement chart and finding out which altcoin is more likely to make a profit and don't panic when the coins you buy go down, be careful with new altcoins, the possibility of ups and dumps in the near future, avoid being hasty. .

It is true that we should not be hasty when it comes to trading or anything else because doing each of these things always requires high focus and consistency so that we can enjoy what we are doing more. Because in terms of trading, everyone always needs research initially in order to find out about the product they want to trade in the market, especially if this leads to new coins whose circulation volume is still quite low in the market so it would not be wrong for traders to do research for the sake of deeper knowledge on the new coin.

Quote from: MRY on May 16, 2024, 09:24:25 AM

As you said, it's not easy to find out which altcoins have potential and make a profit. We have to be careful and do deeper research to find out whether the altcoin we choose is safe to buy or not. If we don't have the expertise to research altcoins then it's better for us to focus on altcoins that are in the top 5 coinmarketcap.

Choosing the top altcoins on coinmarketcap for trading can also be a very good option without wasting more time doing research, because the top five altcoins on coinmarketcap are always occupied by good altcoins so there is no need to hesitate to choose them. Especially if this is only for trading without making further investments, because for me altcoins that already have a good rating are indeed suitable for use in trading.

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Quote from: terrific on May 14, 2024, 11:45:25 AM

Quote from: MusaMohamed on May 12, 2024, 02:33:17 AM

5% or 10% of weekly income for DCA, to invest, and go with investment long term is good and can say better than trading.

Even for a month, that's already a good percentage that you're getting from your income.
I also agree that if you're going for the long term, it's best to choose this than of trading. But if OP is an aspiring trader and he wants to do it, he's free to choose where he thinks he's excel.

Yes, it is a matter of choice and our interest, especially if we know ourselves that we can do it right. Whether it is investing or trading, both ways are profitable but when it talks about high risk, trading is on top among the two. But as we can see, some people have skills in trading and are successful, some also are good at investing but not good at trading. As an individual, we choice the field where we think we are good at because we can't be afraid of spending money if we know there is a big chance of success.

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Quote from: AmoreJaz on May 14, 2024, 04:50:17 PM

Quote from: stadus on May 11, 2024, 04:47:09 PM

-snip-

This is why if you are a beginner in trading, you can't ask from someone to invest on you to do the trading because you have no assurance that you can really hit the profits that you want. You will only subjecting yourself to financial trouble if you use someone else's money. Better use your own money even if you start small. Because if you lose the funds, at least it is yours and you don't need to report to someone about such loss.

Well, yeah, It's only like gambling. Whenever you are luck, you will probably get the profits, but trust me, it won't last longer, or even, it probably won't happen several times. That is why this is what makes different of gambling and trading, is not only based on luck. trading needs certain important knowledge, emotional management, and also ability to control and manage also the risks. So, it is true that if we are still not bale to do it, never desire to help others by trading for them because of only self speculation (or called gambling in trading)

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First of all those who are new to trade must first gain enough knowledge about trading. If you don't gain enough knowledge about trading then you can never expect success. For a newbie, they must plan their long term in trading. Long term planning and trading by checking the market will definitely lead to success from the trade. Many times before we start trading they expect success they think that I will become a millionaire overnight but nothing happens overnight you have to plan and be patient. Many times big traders also lose patience, so if we can keep a long-term plan and trade in the market without losing patience, we can certainly achieve success in the future from this.

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It's not easy as people see traders collecting money, they have a lot of experience and risks they face when starting trading. Things that traders need to pay attention to are following each price movement chart and finding out which altcoin is more likely to make a profit and don't panic when the coins you buy go down, be careful with new altcoins, the possibility of ups and dumps in the near future, avoid being hasty. .

As you said, it's not easy to find out which altcoins have potential and make a profit. We have to be careful and do deeper research to find out whether the altcoin we choose is safe to buy or not. If we don't have the expertise to research altcoins then it's better for us to focus on altcoins that are in the top 5 coinmarketcap.

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Quote from: el kaka22 on May 15, 2024, 11:25:22 AM

If you do not have the capital to start trading, then start learning trading while you are working and saving some money. Trading is not something you need money to start learning, it can be learned for free by watching youtube videos and reading resources, that way you would be able to know a lot of stuff regarding trading before you have to deal with trading itself.

Obviously we are going to have a lot of trouble if we have no capital at all, but you are going to be able to actually make some money from it if you know what you are doing, most people miss that part of trading. I believe that by the time you know what you are doing, you will be bale to raise enough money to make any trading move that you want to from what you have learned.

I agree with your opinion, before actually diving into trading, it is better for us to first learn the science of trading itself, by looking for references on Google or YouTube, and we can also look for references from friends who are seniors in the trading field so that we will be more it's easy to carry out the trade.

With sufficient capital, we already understand trading performance and we can also control emotions in trading, and there will be minimal losses because we already understand the basics of trading, we are more consistent and diligent in exploring trading itself, even though the capital is minimal, it is certain because of this step. we already understand it ourselves.

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If you do not have the capital to start trading, then start learning trading while you are working and saving some money. Trading is not something you need money to start learning, it can be learned for free by watching youtube videos and reading resources, that way you would be able to know a lot of stuff regarding trading before you have to deal with trading itself.

Obviously we are going to have a lot of trouble if we have no capital at all, but you are going to be able to actually make some money from it if you know what you are doing, most people miss that part of trading. I believe that by the time you know what you are doing, you will be bale to raise enough money to make any trading move that you want to from what you have learned.

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It's not easy as people see traders collecting money, they have a lot of experience and risks they face when starting trading. Things that traders need to pay attention to are following each price movement chart and finding out which altcoin is more likely to make a profit and don't panic when the coins you buy go down, be careful with new altcoins, the possibility of ups and dumps in the near future, avoid being hasty. .

Indeed, trading is not as easy as some people may think it is, and the reason why those people think this way is that some influencers or people on social media show that trading is very easy and one can earn a lot of money from it and they don't even say anything about the risks involved. Newbies get into trading after watching all these things and then they lose money as they start buying different cryptocurrencies because they do it without any research.

Traders or investors entering the market as beginners need to understand the risks involved before they use their hard-earned money and waste it like that, it is not pleasing to lose the money that you have earned after working so hard only because of a mistake that you make when making an investment.

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Quote from: AmoreJaz on May 14, 2024, 04:50:17 PM

This is why if you are a beginner in trading, you can't ask from someone to invest on you to do the trading because you have no assurance that you can really hit the profits that you want. You will only subjecting yourself to financial trouble if you use someone else's money. Better use your own money even if you start small. Because if you lose the funds, at least it is yours and you don't need to report to someone about such loss.

That's right bro, I agree with your opinion, it's better for us to use our own money for trading rather than using money from a loan, because it's very risky when we're trading if we're stuck, how can we find the money so we can pay other people's money, so we have to go into debt. again to pay other people's debts, dig a hole to close the hole means, borrow to pay the debt, then it never ends, if you want to trade safely it's better to use your own money or your own savings, don't take risks that we can't end, take the path safe and trading in a relaxed and consistent manner, even though from small we gradually grew to become big.

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Quote from: stadus on May 11, 2024, 04:47:09 PM

Quote from: Oshosondy on May 04, 2024, 12:58:23 PM

Someone that wants to be trading should not think that money will come from thin air. That is not possible. He needs to gather some money together to start trading.

If you want to enjoying trading, get a job. Use the money that you can afford to lose from the job income to trade. Amount like 5 to 10% of your weekly income.

Trading, regardless if you use small or big amount, you still have to prepare your funds to risk, that’s why you need to have a job, even a side job so that you can earn money to trade. With that, you can increase your chance to make more money if you are also knowledgeable and capable to trade. But if you only trade without knowing even the basics first, I doubt if you will end up with profits. Trading should never resort into gambling, as you never trade out of luck but out of knowledge and skills.

This is why if you are a beginner in trading, you can't ask from someone to invest on you to do the trading because you have no assurance that you can really hit the profits that you want. You will only subjecting yourself to financial trouble if you use someone else's money. Better use your own money even if you start small. Because if you lose the funds, at least it is yours and you don't need to report to someone about such loss.

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Quote from: MusaMohamed on May 12, 2024, 02:33:17 AM

...If we can not use our trading capital, to get profit, increase its value, we should not assign more extra money for trading...

Trading should not be neglected, it is a very good way to make short-term profits. But if someone fails to trade, then there is nothing reprehensible in this and it is better for such a trader to focus on long-term trading, which can usually bring even greater profit.

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Quote from: MusaMohamed on May 12, 2024, 02:33:17 AM

5% or 10% of weekly income for DCA, to invest, and go with investment long term is good and can say better than trading.

Even for a month, that's already a good percentage that you're getting from your income.
I also agree that if you're going for the long term, it's best to choose this than of trading. But if OP is an aspiring trader and he wants to do it, he's free to choose where he thinks he's excel.

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Quote from: stadus on May 11, 2024, 04:47:09 PM

Quote from: Oshosondy on May 04, 2024, 12:58:23 PM

Someone that wants to be trading should not think that money will come from thin air. That is not possible. He needs to gather some money together to start trading.

If you want to enjoying trading, get a job. Use the money that you can afford to lose from the job income to trade. Amount like 5 to 10% of your weekly income.

Trading, regardless if you use small or big amount, you still have to prepare your funds to risk, that’s why you need to have a job, even a side job so that you can earn money to trade. With that, you can increase your chance to make more money if you are also knowledgeable and capable to trade. But if you only trade without knowing even the basics first, I doubt if you will end up with profits. Trading should never resort into gambling, as you never trade out of luck but out of knowledge and skills.

One common theme that we see with those that are taking their first steps to learn how to trade is that they want to skip steps while doing so, they either do not want to learn and want to base their decisions of when to buy or sell based on signals, or like it is the case here, they do not want to save the money necessary to begin their journey as traders, but the issue is that by trying to skip those steps, they are missing a great deal of lessons they may have learned along the way and that will make them good traders, so even if a person could get a loan or convince someone to allow them to manage their money for them, most likely they will fail and lose that money anyway.

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Quote from: Oshosondy on May 04, 2024, 12:58:23 PM

If you want to enjoying trading, get a job. Use the money that you can afford to lose from the job income to trade. Amount like 5 to 10% of your weekly income.

I am not offending against you here but if I use 5% or 10%of my weekly income for something, I would like to do it for investment, DCA, not for assigning more money into trading.

Quote from: stadus on May 11, 2024, 04:47:09 PM

Trading, regardless if you use small or big amount, you still have to prepare your funds to risk, that’s why you need to have a job, even a side job so that you can earn money to trade. With that, you can increase your chance to make more money if you are also knowledgeable and capable to trade. But if you only trade without knowing even the basics first, I doubt if you will end up with profits. Trading should never resort into gambling, as you never trade out of luck but out of knowledge and skills.

Trading is risky and a trader must afford to lose trading capital. I disagree to assign more and more money into trading weekly even just 5% or 10% of weekly income.

If we can not use our trading capital, to get profit, increase its value, we should not assign more extra money for trading.

5% or 10% of weekly income for DCA, to invest, and go with investment long term is good and can say better than trading.

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Quote from: Oshosondy on May 04, 2024, 12:58:23 PM

Someone that wants to be trading should not think that money will come from thin air. That is not possible. He needs to gather some money together to start trading.

If you want to enjoying trading, get a job. Use the money that you can afford to lose from the job income to trade. Amount like 5 to 10% of your weekly income.

Trading, regardless if you use small or big amount, you still have to prepare your funds to risk, that’s why you need to have a job, even a side job so that you can earn money to trade. With that, you can increase your chance to make more money if you are also knowledgeable and capable to trade. But if you only trade without knowing even the basics first, I doubt if you will end up with profits. Trading should never resort into gambling, as you never trade out of luck but out of knowledge and skills.

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Quote from: tvplus006 on May 10, 2024, 06:47:19 PM

There is no easier way to lose friends and break up with your girlfriend, how to borrow money from them to trade. And since, given the fact that trading is a high-risk business, it should not be excluded that you will lose the money you have borrowed.

😃 I know that part. I once did that too and that was several years before I got to know of Bitcoin. It was my budding days with Forex trading. What I anticipated after I got the cash wasn't what I saw on the field of play, so to say. You know what they say about people having a strategy they think is the ultimate until they realize what they've is nothing. The long story, short – I lost that capital and had to wait several years before I could repay it. However, while I was unable to pay back I made sure
to frequently remind that friend I knew I was still owing him. It's not good to let money be a friction between friends. We should try as much as we can to avoid anything that will cause such a scenario.

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Quote from: boty on May 10, 2024, 11:42:06 AM

Quote from: yudi09 on May 10, 2024, 08:56:04 AM

-snip-

Finding a job that can give us an income is of course very important because in trading we will not necessarily be able to make profits continuously and if we trade without having another source of income of course it will be very difficult for us if we don't trade. If we have a profit then we will not be able to meet our needs, there are many things we have to prepare to be able to trade profitably and it would be better if we can't trade well then we can continue investing as you have suggested and this is Of course, it has a smaller risk compared to trading.

Expecting one-on-one income on trading is completely unacceptable to my mind even though there are some people who provide tips for making profits every day.
Those who provide tips through content are also not people who don't earn money.
Just be short and once again I say, the most realistic option is investing, not trading.
Remember. A car without fuel cannot run.

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Quote from: Bushdark on May 10, 2024, 06:11:56 PM

Raising money to trade encompasses how far we can save money. If we are spending a sum of $100 a day for feeding, we can always cut it short to like $70 and keep 30 every single day. We all need to cut expenses if we really plan to make money from trading through saving funds. Cutting our budget could help us raise fundsfor trading since we can make money too from there.
Being disciplined is a good way to save especially if we are ready to cut down budget so we can have funds to go into trading fully.

A good idea indeed. It is difficult for some people but if we are determined by our goals, this is not impossible. Of course, abrupt adjustment is impossible but in the long run, it will be okay. Because a person who wants to achieve something is also willing to change something in exchange.
Money management still plays a big role here. Just like in investing, if we think that this will give us more money, then we deserve to change our lifestyle because, in the end, we are benefiting a lot.

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Quote from: Z_MBFM on May 10, 2024, 05:57:19 AM

Quote from: bettercrypto on May 10, 2024, 12:39:42 AM

If you enter into trading, you will not have money to sell the coin that you want to trade. You won't see any trading that got coins that it didn't buy. Unless you got rewards from a bounty campaign or airdrops, you just did the task needed, in that case.

And I know there are many people like that here in this forum who are able to do that without spending any money, but in the long run, they receive payment because of their participation in campaigns.

If want to trade and want to earn a decent amount from trading you must invest there. And if you want to do safe trading then you need to start trading with big amount. Because you must trade with coins like Bitcoin, Ethereum to stay in less misery. and they have low volatility rate so you cannot trade them with small amount and make a standard amount of profit. Bounty airdrops don't currently offer good rewards. some airdrops offer huge amounts, but even there you have to spend money. So currently you can't earn quality money completely free

I do agree with that, and that is usually investment, because investing into big names would make you a good income, not going to make you rich overnight but could make you rich enough to retire early when you collect enough of them, instead of retiring at 65 or 70, you could retire as early as 50 years old (depends on how old you were when you started to invest). This is why I believe that it would be a smart decision to put up as much money as you could on those big names.

However, I also agree that if you want to make more money, leverage, futures, altcoin pairs and so forth could be a lot better to trade because it would allow you to have some risky investments, but the reality is that you will do better if you are right.

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Quote from: Alphakilo on May 10, 2024, 12:16:09 PM

..Another way to raise money is just to ask friends. One guy's girlfriend loaned him $10k to start trading and he was successful. He got back the money and paid back his girlfriend. I know it is borrowed money but hey, it's his girlfriend and love don't cost a thing like they would say.

It will be difficult for anyone including family and lovers to give out money in support of your trading unless you show them that you have the knowledge, market experience no matter how little and above all the return on investment that your strategy will bring.

There is no easier way to lose friends and break up with your girlfriend, how to borrow money from them to trade. And since, given the fact that trading is a high-risk business, it should not be excluded that you will lose the money you have borrowed.

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