Topic: Why trading and not something else? (Read 564 times)

If you are successful in trading then you have not to be worried about your selection because a person regrets only if he does not find the field profitable. Although trading is a time consuming way of earning and after a loss one cannot tolerate the situations but still if you have already selected trading and are getting good profit from it then continue this way without regretting it.

But if you are not winning the amount properly and lose more than win then you should increase your learning and after achieving knowledge if you are still losing money then you are right you should choose another better way of earning as trading is disadvantageous for you.

It is true that what you mentioned is that you can actually generate profit in trading, and it is not undeniable, but in reality, it is not as easy as some people think. But when you learn trading, it is also true that some people say that you can even surpass those who have a regular job in a company where you can really get a lot of earnings.

But I will repeat that it is not easy to achieve because you really have to spend time studying and learning it with dedication and determination, because if you don't have that, you will not be able to understand the depth of this trading in the end.

Another factor that makes people to want to become traders is that it is a job they can do from their own home, they do not need to buy equipment, pay other people and the many other things you may have to do if you decided to create your own business, and when you pair this with how easy trading seems on the surface, this can help us explain why trading is so popular nowadays, as many people see it as the only way they have to realistically improve their lives.

Although i have been in the trading profession for almost three years now and pretty profitable i usually asked myself the above question that why do i choose trading as a profession . It has so much emotions coupled with lots of losses and profits unlike my other professions wish i had made a better choice other than it  

The reason why people are into trading is for the profit that is involved,  if not for the profit I doubt people would want to waste their time to trade. The profit in trading makes people to have interest in trading, and most people at first they see trading as what is very easy but along the line the ones that are weak will take a break or quit while the strong ones would still want to expand their knowledge as to gain profit in trading. Trading is a good skill that has good profit that attract people to engage in it, but this profit in trading is not something that people can just come into it to try their luck or without any knowledge.

Traders who are still into trading have come to understand that no matter how risky trading can it is still something that is very interesting when you have the real knowledge to follow it up.

That is one of the key reasons why individuals engage in trading, they need fast money, which is why some people dislike investing since they cannot wait for extended periods of time to be lucrative they require daily profits. trading need enough effort to master before you can start making money from it. Trading is good and when you understand it very well, everything will come easily for you and your loss will not be much anymore, your profit will be more than your losing. I don't like talking when I see some people saying they are losing in trading anytime they don't follow the introduction because if you lose today and lose again the next day, you will definitely they most be problem. You don't understand the market very well, and you try to keep doing things without asking a mentor to help you out when you make mistakes, and if you don't want to accept corrections, you'll never win at trading because it's not like investing, where if the coin drops, he can later raise it and profit.

Trading is a one-time loss with no capital return unless you trade with another money and when the market favours you, you trade again and get your capital back and profit, which is why you should not rush into it because you hear that people are making a lot of money and start without understanding. Trading is not another option for the people that are in the project for long time already, but when you are new to it you will see it different thing because you are new to it.

I started trading because I wanted the have something that can give me some money while I wait on my monthly salary to come in. My monthly salary was not taking care of my bills fully therefore I needed something that I can add to my income and I went for cryptocurrency trading because I was already interested in the cryptocurrency market after hearing so many good testimony  about the market. I know that the market is so violent and can make you to lose but that only happens to people that do not do their research on how the market moves. I did not have any former experiences as a trader so I decided to take classes from my trading mentor and he has been guiding me and helping me becomes a pro trader. Trading to me is very nice, I do not use money that is too much for me to lose when trading but only pocket money that it does not hurt me if I lose them.

With this current rewrite, you are very correct, but it is unlike the last one you separated the Profit and Interest. Besides, I am just saying that based on experience and wide searches over time regarding the subject matter, regardless, no one is perfect. Also, with my understanding of forums, they are the places to have some communications, corrections, agreements and disagreements if need be, but in the end, we all learn one or two things, that's the gist.

Now, back to it, both the trading and gambling you mentioned are so similar but we can't use them as sole examples because they are not just the same thing, the modality of their operation and the susceptibility of them toying with our psychology vary. It is aggravated in gambling simply because people can gamble for fun (Interest), but can you trade for fun? That will be senseless. This is why the context of Profit and Interest separation is even better fitting in gambling than in trading. But in trading, the two have to be looped together because anyone trading can only have an Interest in it only for one purpose, which is Profit making. But in gambling, you can have an Interest in it either for the fun or the Profit (winning).

All the best!

I still can't comprehend why many traders don't use stoploss for which is essential for every trade that we do. I don't know if they've just forgotten it or don't really use it at all.

Maybe it is the later and that's why trading is come up with emotion and you need to be prepared in every outcome that you might see.

You'll never know what could next to the market and if you don't set a stop loss, you'd definitely going to learn the lesson but hopefully in an inexpensive way.

Trading could bring profit potentials, but only for those who are well experienced traders in the market. Hence, you have to acquire knowledge and enhance your skills first before you decide taking risk in the market, or else you will only trade like gamblers, relying on luck, not on skills and experience in the market.

However, with the influence of social media saying trading could lead to instant rich, a lot of newbies decide to jump in trading, and look where they are now, messing up their funds while some turn into homeless because they chose to be fooled by these trading influencers due to high greed over money.

My experience is in crypto trading and as far as I know, crypto trading is divided into three types, how to do it, namely: spot trading, futures and margin, Well, these three trading methods can produce different profits that have been adjusted, it's not surprising that there are many crypto users who want to get involved in crypto trading.
For example:
• Spot trading, this method is almost the same as investing, you can buy the type of crypto that you believe in at a cheap price and sell when the price rises, remember digital currencies are very volatile, so you really have to look at the factors or type of crypto you want to trade well.
• While trading futures, you really have to have knowledge in all fields, analysis, charts, markets and so on, including the type of crypto you want to buy, The Futures method cannot be separated from the contract that has been determined according to the date that has been determined, if the agreed period does not reach the profit threshold that you have applied, end up crying, the futures method is carried out by those who are experienced.
• Meanwhile, margin trading is often referred to by them as leverage trading, this method is more tempting but has high risk, because this method is a loan asset that you can use to trade.

So these three types of trading have different risks and benefits, of course to get quick profits in trading they are always interested in doing it, Remember to trade with the knowledge and experience you have or the guidance of experts.

Well, my statement is right but can be wrong in some other ways or based in your opinion and trading experience. But what makes people become interested in trading is the money that can possibly get from doing this. Just like you gambling, what makes you interested in this is the winning prize as well. We surely know that money is so powerful, it can influence someone and much of our minds when we think we can get something big from trading and becoming rich. That is actually what the majority are thinking especially newbies. It is the profit that leads people to become interested in trading or else, nobody takes this option.

Well, in my opinion, what @Kelvinid wrote regarding the "Interest and Profit" as the reasons why people are trading is not so true. The one and only reason why people trade is to make money from it (Profit) and nothing more, except you allow people to deceive you. Trading is not a game or something similar to games like betting, so why have a mere interest in a thing like that if not for the money? Fine, our interest could be in the financial market, but reading about it and getting the updated information like other sectors we love without investing in it would have been the end of it, not how it is in such a way that we will now invest our money just because of the interest we have in it. Let me remind you, that trading is risky, meaning that we can either gain our money or lose it, so when it is of interest only, why are people investing an insane amount of money into it? Besides, to date, I have never seen a single person, whether online or offline that categorically states that he is trading for the interest he has in it, but for the money, which is so feasible.

Yeah, this must the most important part of trading world, if you could learn that, then you are going to be able to do so much. We are talking about stop loss here, and without that, you may lose everything you have for good, there is no reason to keep thinking that it will recover, just use that and you are going to be fine.

It doesn't have to be very close, like for example I have my stop loss for bitcoin at 44k, that would be quite hard to drop that much, it would require some huge big deal, like USA banned bitcoin news type of thing, it won't get there, but I still put it there. Because my DCA is at around 41k, meaning that if I sell at 44k, I still get out at profit and that's why I keep it there just in case no matter what.

I understand this but it makes sense to say the opposites to warn people about risk too.

Trading can help people to increase their initial capital quickly, by pure luckiness even they don't have knowledge and experience in trading. It happens when newbies join the market in bull trend and simply do Spot trading. However, by lack of knowledge and experience, newbies will struggle to filter projects on the  market to avoid scam projects and to manage their capital properly.

If newbies don't take profit, separate it out from capital that will be used for next tradings, when market changes seriously, they will lose very big. Profit will vanish and even initial capital can be affected too.

Newbies must learn to use some important orders: Stop loss and Stop limit orders.

One of best weapons in trading
What is a Stop limit order
Stop-Loss vs. Stop-Limit Order: What's the Difference?

Trading has great advantages over investing. And the most important advantage is that you can increase your initial capital very quickly. Of course, such opportunities do not present themselves every day. But at least once a year, the market actively grows and allows you to increase your capital. During the year, the market very often acts this way: first there is strong growth, then a rollback almost to the original positions. If you were an investor at this time, you would have lost most of what you made. This is very unpleasant, but trading allows you to get rid of it. In addition, now large crypto assets no longer show the good dynamics that they had in 2009-2018. If you have a couple of decades left in your life, then investing is unlikely to help you in any way.

well, however, these two things are what interest us all, especially the profit part. In fact, when I studied crypto, we naturally entered the world of trading. Therefore, sooner or later, people who study crypto will see the potential that can be gained from trading. This doesn't just happen to crypto, but also to other investments. After all, all this happens because of "interest" which has the goal of generating "profit". So, that's why people are interested in trading.

I am not an experienced trader, and not even a successful trader. But my main reason when I first decided to enter the world of crypto trading was because:
Seeing other people's success in trading and I really want conditions like that, great success in becoming a trader.

That's my main reason. But it turns out that betting isn't that easy. Trading is difficult, very difficult, especially for me, I have studied and tried it many times but kept failing, especially if trading in futures. I've failed for the umpteenth time. Therefore, it would be better for me to decide to just stop trading in the future. However, sometimes I still only bet on spots, it's just not regular. only occasionally.

Honestly, at first I just thought like this. Trading is easy, just sit, buy, then sell, and already, get high profits. It turned out that after starting it, it was really difficult, not as easy as just buying and selling. But there are various things that must be prepared before trading, especially understanding trading, analysis, and so on, because if not, then that's it, it will be quite a difficult thing to do.

Reasons why I chose trading instead of something else;
 - profit potential
 - interest

Trading is indeed another way of generating money that someone could fall into. Unfortunately, the risk is terribly high making a lot of traders suffer losses instead of earning money. The sad thing about this is if you don't have enough knowledge and skills, you will not earn any but lose all of your money.

Trading is quite interesting because of some social media influence showing a lot of money but this is the thing we should have to remember before we try, the market is unstable so we don't have to take it easy and it is why we can't ensure profit.

Because of I love to exploring and trading is some thing that was much interesting and that is why I also looked into trading but I trade for long-term more than the short-term trading and obiously there is high a good chances for taking with some basic knowledges and also there can be earn passive income if anyone can do trading with good analysis skills. But for me it is something where I can invest some of my small fund and getting some extra income.