Topic: What ways can a trader raise money? - page 6. (Read 898 times)
It's not possible for someone who doesn't have a source of income or who didn't store money somewhere to be able to trade crypto, because it's not like a job that you do and you expect to get paid, it's risky business you can lose all your trading funds or you can make profits. The good thing is that a newbie without money don't have to start practical trading immediately, they can begin with demo trading, while they figure out how to raise money to start. There are different ways to raise money to start, but the best way is to get a job or another skill that'll guarantee steady income, then use some percentage of it that they can afford to loose, for trading.
A trader but no other source of income? he is not yet profitable and there is no magic answer with that. Get a job, a source that will assist your trading journey until you are already sustainable by trading alone. Otherwise, do demos if you are practicing.
This is also the challenge of many traders that are optimistic about it, well, the plan and vision seems to be promising but going with the actuality. You have to deal with the reality that you need to find by any means your source of income whether it is with employment, gigs, freelancing, buy and sell, etc.
This is also the challenge of many traders that are optimistic about it, well, the plan and vision seems to be promising but going with the actuality. You have to deal with the reality that you need to find by any means your source of income whether it is with employment, gigs, freelancing, buy and sell, etc.
maybe they can downgrade their electronics stuff I guess to make a capital for trading, since getting a job isn't an option anyway how can they make capital.
though honestly if you want to take the hard way you always can make money out of nothing like following airdrops that require you to use their testnet blockchain to certain extent maybe until hundred times so that when mainnet is live you can get rewarded, you can later on use that as a capital but following airdrop isn't always the easiest thing, its hit and miss.
other than that I could hardly think of any solution, money is really hard to come by if you have nothing in your hand, the only way is to exert that energy and get blue collar job which again as you mentioned not an option.
but other than that, you can always try to learn skill off youtube and make money offering freelance services.
though honestly if you want to take the hard way you always can make money out of nothing like following airdrops that require you to use their testnet blockchain to certain extent maybe until hundred times so that when mainnet is live you can get rewarded, you can later on use that as a capital but following airdrop isn't always the easiest thing, its hit and miss.
other than that I could hardly think of any solution, money is really hard to come by if you have nothing in your hand, the only way is to exert that energy and get blue collar job which again as you mentioned not an option.
but other than that, you can always try to learn skill off youtube and make money offering freelance services.
There are two types of people who learn trading, there are those who already have a source of income and are looking for way to multiple it so they choose trading as an option for them, while their others without any source of income but just learning to trade for the sake of knowledge and hoping that one day they will be able to make enough capital to invest into trading.
Traders need to have trading capital because without trading capital, they can not trade.They can have available trading capital at beginning or can start with demo trading, learn and during their learning and demo trading procedure, they can do other things to get money from job salary, airdrop and giveaways that can be used as their trading capital.
For the second type of traders, they must start with small money but there is common principle for both types of trader. They must defend their trading capital because it's most important in trading, and in investing too.
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How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
What other ways can they raise money if they do not work for it? If you want to start a business you will definitely source for the money through any channel that can fetch you money. Money doesn't fall like leaves falling from trees; you have to work for it, and the first thing to think of is to get a job. Yes, as the first comment also mentioned, getting a job is what can give you a consistent income, and from your income, you can invest any amount you want in trading.
There are some people who usually take out loans to start their businesses, but trading is not like that. The volatile characteristic of trading implies that you should only risk the money that belongs to you, and it must also be an amount, either small or large, that you can handle the loss when you get liquidated.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
Nobody should try that. It's a recipe for disaster. Having mere trading knowledge isn't enough to win at trading because knowledge is theoretical while trading is practical. Except you meant if they became profitable they should speak to others to invest in them. Even at that, it's still not a good idea. Let people/investors come to you through your consistent result and then you read the riot act to them and make them sign an agreement that best suits you. When a budding trader goes soliciting funds they put themselves in a disadvantaged position. Don't do that. 
How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
For me it's too risky to bring a newbie too early into live trading he needs to learn first how the market works and how trading works and then learn almost all trading strategies and how it works.
Once he learns about strategies he needs to keep practicing I always suggest to use paper money in tradingview to train himself and optimize the strategies he learns.
Since you said if they don't have any source of income I suggest finding some source where he can earn something for free like from airdrops or just play some play to earn games out there because that is where my capital came from like Pixels what I earn from this game is my capital to trade I didn't use my money came from a job that's too risky because I have a family and I am the only one who raises them that is why my capital from trading comes from pixel game and airdrop from exchanges.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
Why would you do that you will be blamed if they lose and attracting them by giving them money as an investment is not a good idea you don't need to babysit them they should know the risk and always tell them to do DYOR and they shouldn't invest that they can't afford to lose.
There are two types of people who learn trading, there are those who already have a source of income and are looking for way to multiple it so they choose trading as an option for them, while their others without any source of income but just learning to trade for the sake of knowledge and hoping that one day they will be able to make enough capital to invest into trading.
How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
I won't do that to a stranger, even my close relatives; what's the best I can provide is knowledge and other helpful tips to help them. Raising money is risky if cannot be done safely, so to avoid being blamed or accused of being scammer then sharing a good thoughts from trading is very important just to make good use of hard earned money. How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
There are two types of people who learn trading, there are those who already have a source of income and are looking for way to multiple it so they choose trading as an option for them, while their others without any source of income but just learning to trade for the sake of knowledge and hoping that one day they will be able to make enough capital to invest into trading.
How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
Of course money is required to trade but if that money cannot be withdrawn then trading cannot be done. Here you mention that money cannot be collected by working or looking for a job, then you have created the topic of how to bring money here. But I can say here that if a person is not able to earn money by working in job or any other way then he can save some money by working in cryptocurrency airdrop or bounty campaign and use that money for business. I don't see any other way. There are many people who are earning some money by working on bounty campaigns and there are many people who are earning money by working on airdrop campaigns but if they want to learn trading then they can bring that money to trading platform but I would say one to five percent money is better for beginners. How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
I do not think we should exclude this option because that is the best option as a beginner. You are still very new to trading therefore you can not be asking others to give you their money for you to be trading for them. What will you do when you make a miscalculation and losses their money, how will you be able to pay back all those investors that gave you money to trade for them. If you also tell them you are a new trader, they will not give you money unless they are your friends or family that want to invest in you. My advice as a beginner too in trading is to get a job and save up money that we can start trading with and it would not be too small. If you have the knowledge as you will be telling others, it would not take you a long time to grow the small capital that you are using to start. As a beginner it is not wise to start trading with a big capital but a small and comfortable amount.
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What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
If a trader doesn't have a means to capital for trading, I'm sorry to say that there is no any way for the trader to raise money online. The trader has to try offline, he can do some job and raise some money with an amount he can afford to lose. I think a starting trader can trade with $100, if the trader is good to go, he can extend that money to more money but in reality, that money is really hard to make in trading, you need to put extra effort in trading before you can make money.
As for asking for help for people to invest in them, I think that's like asking for people to invest in you and give you loan and you will give them something in return, that's how I see it and I will advice you against such move because as a trading starter, you don't have the real experience of trading, all you have been doing is virtual, by the time you start trading with real money, you might not be as perfect and you can loss the money and I don't know where you will run to when such thing happens.
How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
You have to find some source of income, which means you have to start working... Look at the ads in your city, you can start with something simple if you have no experience. While working and earning, set aside some money you can invest in crypto.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
Trading is risky! I would never advise anyone to borrow money for trading... You can be sure of yourself, self-confidence is a good thing, but trading can be unpredictable and there are no guarantees that you will make a profit. When it comes to risky things there is an old rule, never risk more than you can afford to lose. When you borrow money it's not the money you can afford to lose.
There are two types of people who learn trading, there are those who already have a source of income and are looking for way to multiple it so they choose trading as an option for them, while their others without any source of income but just learning to trade for the sake of knowledge and hoping that one day they will be able to make enough capital to invest into trading.
How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
If you are someone who doesnt have a job then you could literally be not be able to trade up since it would reall be requiring that kind of capital on which you could really be able to make use or you could be able to start up. If we do tend to give out some advise on how someone should be starting up from zero completely then i would really be tending to join up some competitions or giveaways here on this space on whichHow would you advise a newbie trader without any source of income to gather together money that they can use in trading?
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
you could really be able to get that kind of advantage on which we know that when it comes to those opportunities then you could actually be able to grab it but of course it not something that will always be
ended up with positive result. There would really be those chances or odds but it doesnt always end up nice or on what you do have in mind.
My advice to the unemployed young man who is interested in learning crypto trading but doesn't have the means is simple. If you have a smart phone and you have Internet access, that's your leverage. You can learn anything almost free of charge. Start from the basics and build your way up to using a demo account, join and follow legit trading groups and people. When you have built up confidence in that demo trading, it's time to go live. If you have been active in these communities you can ask for capital and there will be at least one person that will be willing to take a chance and give you the benefit of the doubt.
Regardless, if they have capital for trading or not I would say they should first learn the basics of trading and do all sort of experiments with demo trading account until the find their logic which is successful in determining the market then they should enter into trading but if one wants to do it as a part time I wouldn't advise them to do so as it's required lot of effort and we cannot be successful of we consider it as a part time.
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.
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.
There are two types of people who learn trading, there are those who already have a source of income and are looking for way to multiple it so they choose trading as an option for them, while their others without any source of income but just learning to trade for the sake of knowledge and hoping that one day they will be able to make enough capital to invest into trading.
How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
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