Topic: What ways can a trader raise money? - page 4. (Read 898 times)

I agreed with this that having a stable job and at the same time exploring, polishing, and also earning in trading is much better. I get that not all people with stable jobs could focus on trading and utilise the profit, but it doesn't have to be that way. There are many kinds of ways of trading, and one of them is day trading. Personally, I do day trading, but of course not every day because sometimes it will exhaust my mind from work and trading, but I can't let myself let go of my job to focus on trading. I know how stressful and hard trading is, and I can't take it every day, so it will depend on the person on how strong he has and how he will utilise to gain profit in trading.

I don't get it. What is the OP up to or saying? How could a person have money without working? Of course, a person who wants to try trading or earn money through trading should find a way to have capital, and having a job is one of them, even part-time or what, or even doing an online job. The end point is that you need a job in order to have money.

Build a verified track record that's proves your profitability. I know a free platform like MyFXbook or paid ones like Tradezella or Darwinex that if you connect and link your account it will make you a verified track record. In this way, you can create a website, a youtube channel or instagram account that you can advertise yourself. Then ask for people to put money and invest in you. There are a lot of rich people who's looking for investment and if you have a track record of profitabilit, they may invest in you.

That's the most professional way you can do so you make invest in you then you can have large amount of capital to trade with.

In this case, he could resort to margin trading, which is vaguely reminiscent of taking out a loan from a traditional bank. But what I am sure of is that no one will give their money to trade to a trader who has no experience in trading and who has not been able to earn for himself.

in norms trading supposed to be meant for people who have job already, a beginner is not supposed to use trading as the key of work because theirs two things involve in trading its neither you have another job and take trading as a second option for your job, because in trading the disadvantages is higher than the advantages of trading and its something we don't know, so in trading we need to know that it has to do with risk and beginners doesn't think of that because they don't know what a trading may result in their life..many people who rush into trading without gathering the information of trading has lost out due they couldn't pass through advice before they established trading..we to read of trading very well before we go into it because it lost you experience once can make you to go into depression.

In that way, it's true that you'll get some money.

But in real life, there should be more of what you do because that's going to be your possible real livelihood that can support your trading activities when you're ready to engage on it.

Some think that it's best to rely wholly to trading when they think that it's going to be profitable. Little did they know, it's not the entire thing that they're expecting to come when they do it in actuality.

This is true, but I always suggest the same thing to people; join campaigns here. It doesn't matter what it is, it could be some horrible bounty, will get you started, maybe you will get zero but at least your name would be here, but of course it would be better to get paid in btc or usdt in some good campaign.

Why do I suggest that all the time? Because that would mean that you would have some money, every week, coming into your account. Doesn't matter if it is just 10 dollars per week, or 100 dollars per week, the numbers and the size of your capital would change, but what you should do doesn't change. You would be able to raise some money that way, put it in some exchange and you would be able to start trading with it eventually.

What is the use of learning to trade for the sake of knowledge when you know you don’t have the funds to start trading because trading requires funds and without funds there is nothing to trade. Seeking knowledge when you don’t have the capital to start trading can be a waste of time because certain things requires immediate practice and without money it won’t be possible, although it is not all bad to start learning ahead if you are certain in a few weeks or months your capital will be ready.

It won’t be easy but when you’re determined to trade and you have already started learning or learned how to trade then you must have thought of a way to make money for trading, if you haven’t then i think you havve to look for physical means of earning money otherwise i don’t see any other way you can since trading requires start up capital before one can start earning from it

Getting a job doesn’t have to be a good paying one, it can be a job that pays little but with fhe determination to trade he should be able to save up for a while. If not I don’t see how he wants to make money other than this way.

Trading is very risky no matter how well you think you understand it profit is never guaranteed so convincing people to give you money to invest in trading is not ideal. To invest you should only invest money you can afford to lose because trading is not guaranteed and one can easily run at loss.

Doesnt matter on what are the aims into your mind or inside of it on why you have engaged into trading since it would really be still on having on the same aim on which is to make money whether you do find for other source of income or having some extra or would really be having the interest on dealing up with the market. The important thing on here is that you do know on how to deal up with the risks involved with it.

You cant really just that dive in without having that proper preparations on which this is something more important and something that you would really be needing up to consider because you cant really just that
make yourself that deal up with it without any preparation on which it would really be that a common approach that you would really be needing up on having that kind of preparedness.
Loses are inevitable and this is where experience would really be differentiating to each other but well it is really that common because as you do go forwards you would be having that kind of
adjustment and adaptability.

Sorry, but there is no other option but to get a job and earn the money necessary to trade, how are you going to convince other people it give you their life savings when you have no experience at all as a trader? You are basically proposing that they choose you as a money manager when you have no experience or track record, put yourself in their position, why would they do that? Just because you promised them to make some profits with that money? It is not going to happen, if you want to become a money manager that is acceptable, but you need to put your capital at risk for a few years and make more money with it, if you do not do this, you are not qualified to become a money manager or a regular trader.

Am sure if the person in the context has good collateral, they would go to the bank to take out a loan inorder to fund their trading journey.  Even if there are loan apps that could help out in this loan department, it would still be much discipline needed inorder to be able to trade and make profit and also fulfill the terms and conditions needed to be in place after collecting the loan from loan apps.
Am sure if there are angel investors who believe in the ability of the individual in question, they would invest or fund the persons trade journey so that they can make some side profit.
There is also what is called funded trading where sites allow potential traders to register and apply for funds to trade with, and when such a trader is successful, such as some percentage from the profit is refunded until all is complete.

I would say that he should be more realistic in his life. Because if he thinks that he can make money from trading, by only relying on the money his parents gave him or money by selling the things he owns, then he could end up failing. Because in fact the world of trading is crueler than imagined. No matter how much he understands fundamental or technical analysis, it could be very different from what he designed. So instead of ending up with a heartbreaking failure, it's better for him to look for work and then later he can trade with the money he has. Unless he is very stubborn and really wants to trade, I will not stop him, because it is his money and his right to gamble.

And what prevents him from going to a traditional bank and applying for a loan? After all, you wrote that he is confident in his knowledge, so his trade will bring him profit, which will be enough to pay interest on the loan and subsequently repay it.

It's the same as asking how to start a business without having a capital. Mostly will just say to find something to earn with and that's how you can earn and roll your money through trading.

If the newbie is up there to learn knowledge, go with free features that an exchange have. You can have those demo test trades that you can play around but don't expect that if you learn from there, it'll be the same with real world money as you deposit afterwards.

Nowadays, we get to see questions 'how to make money without sweating'.

Let me be frank with you now, we can't exclude the safety of people securing a job before engaging in trading, this is the only way they can calm their nerves doing it. Many would say that they can do it, but after many years, have they done it? That is part of the issue. Trading would have been better in terms of the money people gain and their consistency in it if they were not so desperate about it, and this desperation is as a result of the lack of a quality job they can fall back on if the money they are trading with was lost. This will always cause emotion for traders and no matter how you think you are good, once the emotion creeps in, then your trading account is technically finished because sooner or later, you will hit the margin call and will be stopped soon after. That is why the psychological part of trading must first be taken care of before trading if you have the opportunity, you can't just remove that from it.

However, if your view is to be enforced, then it could be good that they at least engage in some menial jobs still, there is no alternative to that. What helped me in trading today was my persistence in depositing one way or the other and I am happy to tell you that I would have blown more than 100 trading accounts before I became a consistent earner. If one has no job or a means of replenishing the trading account to continue learning, do you think it will be easy? Regardless, such a person may still engage in some posting for bonus activities of some brokers and try demo contests to try and gain funds. If they work for him, then it is still a good bargain.

It's actually good to have job and at the same time trading. I know a lot of people who only do day trading but they have good profit, though it is really depends on the trader what fits for them but personally if I have job. But I also know someone who leave their job and become a full trader, the risk here is that you'll lose a consistent source of income and if you rely on trading which is not always winning, it's risky to lose your job but if you are confident with your trading, I don't see reason why you should stay at your job.

I think what you said is clear enough for everyone to understand because everyone does not have to sacrifice their main job which has long provided them with an income in order to live. Because trading in the crypto market can actually be done at any time when someone is ready to do it, although it would be even better if when trading, the market conditions are also in good condition. But the main job that can continue to provide income every day or every month should not be ignored because with that we can develop more jobs in other fields including trading.

You know that even if anyone enters the crypto trading field in this industry is if they do not have an interest lesson or find out the Crypto trading I think they are also ignoring the work, but it is also a waste of time The source of income they will use in conducting trading activity here in the crypto space.

It's still better to have a stable job so they have a cryptocurrency -buying money that they think will provide earnings in the future, just as simple enough to understand?

There is nothing wrong with learning, everything should be learned, what is learned is never wasted, whether it is trading or any other knowledge, it may come in handy sometimes. Even if you learn it, it is very difficult to do trading without investment, because what you have learned will be done by you and not by others, so it is very difficult to convince anyone to invest in trading. Yes, if you are lucky enough that someone gives you a loan to invest in trading, then it can be said that you will be successful, but it is not as easy as it sounds. Just think if anyone asks for your money that I am investing in a place where there is a possibility of profit and it is also possible that the whole amount is lost.

Would you be able to pay him a large sum as consolation? That's why I always say that if you have little income or no income, then you should first find another source of livelihood from which you can earn your income, save little by little from it, and when you are sure that you have accumulated a good amount, then you can start trading.

Well if the trader is actually good and they don’t have much income they can set up one of those trading services where other traders can copy them for a fee.

I think Bybit or Binance do this. If the trader can easily double his account every week for a couple of months then many will copy him. And those who trade larger position sizes will contribute to his fees.

Precisely. There’s no such instant money that is just intended to trade and expect profits. It’s either you save it for long or you keep your spare money out from your job compensation. There’s no one out there who will just give money for free so you can use it in trading.

Now, if you’re new into trading, there’s more to mistakes and losses than enjoying your trading profits. And we all know that since trading is always hard at the beginning. And in order to gain more experience in trading and enhance your potentials, then have a real job that will pay you fixed amount so you can spare some extra money into trading.