Why trading and not something else? - page 5.

livingfree

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Quote from: tajimas on May 19, 2024, 11:34:29 AM

Did you start doing it to have an extra income or did you decide to devote your life to this business?

Can be said that I've done it to have extra income and even until now, there's a huge potential to it and staying on it for years it had become a business or investment that can change my life time.

Quote from: tajimas on May 19, 2024, 11:34:29 AM

Maybe you are a former Wall Street trader and decided to start working for yourself,having a long experience in trading?

If I am a former Wall Street trader, I've be richer already and I don't think that I'll be found here.

I'm not a good trader but I am not also an emotional trader and so there's balance when I do and luckily are profitable in some of my trades.

maydna

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I decided to start trading is because I see trading can gives a hope to makes money. But then, I realized that trading needs to learns many things related to trading, including analyzing the market. I accept that and start to learned trading because I realizes that is my way to knows more about trading. There is another way such as investing but we must waiting for some time so I select trading that can helps me to makes money. Yes, I start trading to have an extra income because I see some of my friends can make a profit from trading. That makes me follow what they do and learn more about trading. I knows it is still difficult to mastering trading but I am willing to do that way so I also accept the risks behind trading.

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Quote from: tajimas on May 19, 2024, 11:34:29 AM

Hello,friends
The question concerns experienced traders with a long experience of both wins and losses
Why did you decide to start trading one day?
Why do it,because there is long-term investing,mining or the possibility to do other business,including offline?
Who gave you this idea?

I started trading to gain some experience. I have tried various kinds of trading, like Binary trading on the Forex platform, Spot trading, and futures trading on centralized exchanges. I have always seen some advertisements on social media that traders make huge money. Surely, money attracts all of us, and I decided to give it a shot. Later, I started to learn that binary trading is nothing better than gambling. It is similar to gambling.

Future trade is a kind of gambling as well. I don't remember making any profits from future trading. I always end up losing my crypto. Spot trading has always been my favorite one. But it needs a lot of time and patience. I become a holder from a spot trader.

stomachgrowls

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Quote from: tajimas on May 19, 2024, 11:34:29 AM

Hello,friends
The question concerns experienced traders with a long experience of both wins and losses
Why did you decide to start trading one day?
Why do it,because there is long-term investing,mining or the possibility to do other business,including offline?
Who gave you this idea?
Did you start doing it to have an extra income or did you decide to devote your life to this business?
Maybe you are a former Wall Street trader and decided to start working for yourself,having a long experience in trading?
Any stories will be read with curiosity

-Regards

#On the moment i have seen that there's money making opportunity then it do really caught up m interest.
#Anything whether offline or online, as long it do makes or earns me money then i would really be doing my best on engaging with it as much as i could.
#Some friends, things or stuffs read up online
#Extra income at first but im trying to make myself reach into that point that i would be sustainable and could be able to make money even if i dont have my day job.

One thing that comes into our mind is on the time that we do make money is whats important. It doesnt matter on what method or whatever
things that you would really be that dealing with as long it does give out that opportunity then thats what really counts.
The thing that you should consider is that you dont rush up yourself on doing things.

Kelward

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The reason why many people go into trading is basically to make profit, and it's something that you can do as a part-time job, it doesn't really disturb you from doing other jobs that gives you money. Nowadays people are looking for businesses that will give them alternative sources of income, because there's inflation in many countries, so learning a skill like crypto trading, becomes necessary. Although many newbies enters crypto trading with the wrong mindsets, thinking that it's a get rich quick scheme, not knowing that it's hard and risky, which requires a trader to have another steady source of income before entering crypto trade.

shinratensei_

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I bet many of us start trading just because we want to find another source of income, but later on facing the harsh reality that trading isnt that easy so some of us might retired from trading instead.
I personally still trade, but not as intense as it was back then when I really envisioned to be a millionare from trading after knowing the truth that trading is not really an easy way to be rich, instead we might lose our money.
if its people who formerly succeed in the field of finance like trading stocks, i'm sure they already coming to crypto trading with massive amount of capital.

with their extensive experience its only matter of time until they scored some good profit later on.
but for the new guys, its gonna be tough starting from very bottom having no idea about how exactly it is to make profit except buy low sell high.

some of us might even get inspired from self proclaiming trading expert that sell courses and later on find enlightenment through real practice in trading not, though still our money wasted on these unneeded courses.

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Quote from: tajimas on May 19, 2024, 11:34:29 AM

Hello,friends
The question concerns experienced traders with a long experience of both wins and losses
Why did you decide to start trading one day?

I wanted a new challenge. New challenge equal new knowledge and if I am persistent, resilient and dedicated enough, I'll increase my income.

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Why do it, because there is long-term investing, mining or the possibility to do other business,including offline?

I do not understand this question, but it is almost similar response with the previous one.

Quote

Who gave you this idea?

My influence is majorly from the folks in the bitcoin trading community who I have formed a very strong bond with online and offline.

Quote

Did you start doing it to have an extra income or did you decide to devote your life to this business?

The challenge of learning something new and the potential for increased income, made me to start doing it.

Quote

Maybe you are a former Wall Street trader and decided to start working for yourself, having a long experience in trading?

Nope. I am not a trader of any sort. I am a complete noob. I have less than a year's experience at it.

I would like to know your own story.

ancafe

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Quote from: tajimas on May 19, 2024, 11:34:29 AM

The question concerns experienced traders with a long experience of both wins and losses
Why did you decide to start trading one day?

How can we give accurate answers because people see these as different steps. Some people have expertise in trading after they learn so they try to practice. There are others who just try and end up switching to investing because they don't have good skills when trading.

Quote from: tajimas on May 19, 2024, 11:34:29 AM

Why do it,because there is long-term investing,mining or the possibility to do other business,including offline?
Who gave you this idea?
Did you start doing it to have an extra income or did you decide to devote your life to this business?
Maybe you are a former Wall Street trader and decided to start working for yourself,having a long experience in trading?

Generally people trade because they have long-term prospects and most importantly they understand how to do it well even though at certain times they also experience losses. Investments can be carried out simultaneously with trading and I think there are many people who do that. Miners require slightly more capital and people think long and hard about this because there is a lot of equipment maintenance that must be done periodically.

Building a business is the same as being involved in investing or trading because it requires money, knowledge and consistency. Even though the work pattern is different, we have similarities in the results we want to achieve and simply put, not everyone has the same opportunities in one place, so they will adapt to a place that they can take advantage of more.

Franctoshi

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Trading has been in existence for quite a long period of time and is a belive system that works and happens to be the largest money maket in the world if you talk about Forex, Started trading to have a side hustle and in order to become financially independent and not relying on any government jobs alone to succeed, if you are a profitable there's no bigger thing that will ever happen to as that, knowing when to enter and exit the market profitably. The fact their is much liquidity in the market also got me interested, about 6-7 Trillion dollars traded in the market a day.

Mr. Magkaisa

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Quote from: tajimas on May 19, 2024, 11:34:29 AM

Hello,friends
The question concerns experienced traders with a long experience of both wins and losses
Why did you decide to start trading one day?
Why do it,because there is long-term investing,mining or the possibility to do other business,including offline?
Who gave you this idea?
Did you start doing it to have an extra income or did you decide to devote your life to this business?
Maybe you are a former Wall Street trader and decided to start working for yourself,having a long experience in trading?
Any stories will be read with curiosity

-Regards

- You know that here in the crypto space, trading is the final destination and major tool for us to earn income in this industry of crypto or bitcoin. That's why you will notice that others are using their skills; even if the payment they accept is crypto or stablecoins, in the end, for them to become fiat, the trading platform is still the last crash because they have to exchange it for funding and then for their fiat.

Trading didn't exist before the internet or online; it's been there for a long time. Online trading just added to traditional trading, but the context and concept are just one different category, which is physical trade and online trade.

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Quote from: tajimas on May 19, 2024, 11:34:29 AM

Hello,friends
The question concerns experienced traders with a long experience of both wins and losses
Why did you decide to start trading one day?

It comes naturally when you started to invest on this market, you will have to deal with it whether you like it or not. So, it's much needed for you to do it.

Quote from: tajimas on May 19, 2024, 11:34:29 AM

Why do it,because there is long-term investing,mining or the possibility to do other business,including offline?

When you are good in managing your money and time, you are free to do any of it. But as you've said mining, and trading are the same and it's not for everybody. So if you can't mine, you can trade or be an investor. We all have options.

Quote from: tajimas on May 19, 2024, 11:34:29 AM

Who gave you this idea?

Bitcoin itself.

Quote from: tajimas on May 19, 2024, 11:34:29 AM

Did you start doing it to have an extra income or did you decide to devote your life to this business?

Pretty much the latter but I don't day trade and I don't do futures.

Quote from: tajimas on May 19, 2024, 11:34:29 AM

Maybe you are a former Wall Street trader and decided to start working for yourself,having a long experience in trading?

I am not but traders from other markets have also adopted and started trading in crypto long time ago.

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Quote from: tajimas on May 19, 2024, 11:34:29 AM

Hello,friends
The question concerns experienced traders with a long experience of both wins and losses
Why did you decide to start trading one day?

Because new opportunities to get some earnings by investing at in my house with only my device.

Quote

Why do it,because there is long-term investing,mining or the possibility to do other business,including offline?
Who gave you this idea?

Actually my earnings are fully based on crypto and currently I am doing some long-terms investment with the bitcoin and polygon matic. For not being expert on analysis I actually don't do much short-term trading but continuing my btc investment and I have also plan for the physical business in the future.

Quote

Did you start doing it to have an extra income or did you decide to devote your life to this business?

In the beginning time when I am in this world my plan was for only extra income but now it's changed to full-time.

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Quote from: tajimas on May 19, 2024, 11:34:29 AM

Why did you decide to start trading one day?

I had a lot of time to myself and I thought it would be worth exploring. It turned out to be something interesting and challenging at times. I love challenges, and it has been some good numbers of years now when I am trading.

Side income was an added bonus in the beginning.

Quote from: tajimas on May 19, 2024, 11:34:29 AM

Maybe you are a former Wall Street trader and decided to start working for yourself,having a long experience in trading?

When I started, I was just completely new to the game.

Dr.Bitcoin_Strange

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The first knowledge I got about trading was not really about crypto trading but about forex trading.Some years ago, there were many forex brokers that came into our country. They started to organize different free seminars, and I have attended those seminars twice. After then, I grasped the knowledge of forex trading, and I was introduced to the "Binomo Trading Broker." I learned to trade there on a demo account. Later, after I became familiar with crypto and CEX, I used the trading knowledge I gained from forex trading to start trading in crypto. I actually took the decision to start trading because of the idea of making a daily profit from the volatility of the crypto market.

Trading doesn't stop me from doing other businesses or having other jobs. As a matter of fact, I have my own business and also have a marketing job with a finetech company in my country. Trading is cool and allows you to do other activities but the risk is high. If you want to become a trader, you must properly learn all the important aspect of trading.

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Quote from: tajimas on May 19, 2024, 11:34:29 AM

Why did you decide to start trading one day?
Why do it,because there is long-term investing,mining or the possibility to do other business,including offline?
Who gave you this idea?
Did you start doing it to have an extra income or did you decide to devote your life to this business?

I am not an experienced trader but I will also not consider myself a holder at the moment, let's call myself a simple trader with a little more knowledge than a newbie. The thing is, those who decide to trade one day, they actually see something in it, like the potential it gave, the freedom it gave, and the returns it gave. For example, we can go anywhere in the world and still can perform our traders. But if we are in a corporate job we have to go through various problems, like toxic environments, long hours, lesser output etc. etc.

But if the same potential of IQ is given to trading a trader can make much more than they are making in a year. Trading is obviously better than holding as in holding we need more funds but in spot, we don't. We also need more funds in mining while the competition there is very high, so still trading takes a plus point here.

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Quote from: tajimas on May 19, 2024, 11:34:29 AM

Why did you decide to start trading one day?
Why do it,because there is long-term investing,mining or the possibility to do other business,including offline?

Having a business offline or being a long-term investor will not stop you from learning to trade if you have an interest in it. Trading can be another source of income for you to improve your standard of living, and it is often said that the best traders are people who are not trading under pressure, depending on only one source of income, but people who have other sources of income but just want to explore the trading environment.

Mining could have also been the choice of many people, but due to its cost-intensive nature and other limitations, many people cannot easily get involved.

Quote from: tajimas on May 19, 2024, 11:34:29 AM

Who gave you this idea?

Your decision to become a trader has to come from a place of personal conviction because you have to be sure that it is something you want to do before you get involved.

Do not adopt the idea of trading from someone else simply because you like it; the person from whom you adopted the idea will not handle the losses with you.

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Quote from: tajimas on May 19, 2024, 11:34:29 AM

Hello,friends
The question concerns experienced traders with a long experience of both wins and losses
Why did you decide to start trading one day?
Why do it,because there is long-term investing,mining or the possibility to do other business,including offline?
Who gave you this idea?
Did you start doing it to have an extra income or did you decide to devote your life to this business?
Maybe you are a former Wall Street trader and decided to start working for yourself,having a long experience in trading?
Any stories will be read with curiosity

-Regards

I am not a regular trader but I do trade occasionally and doing it since a long time now. The only reason behind trading is to make profit. What else could be the reason? It's always good to have an additional source of income besides your regular job. You can save some money and fulfil your dreams with it. Who doesn't want extra money?

I do have a background in the stock market but the experience in crypto is very different. I still do stocks but mostly do it for long term. In my experience, I have faced both losses and profits but the crypto market is even more uncertain. I follow one thumb rule while trading - I don't do margin trading. I can't loose more money than I can afford!

Eternad

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Why trading? Because it can give you profit while just sitting on your home or doing your work by just purchasing potential tokens and wait for it to pump. You just need time for trading in able to have profit while you can still do your work and still earn at the same time without doing extra job done.

I start trading after being interested on the volatility of the crypto market back on the days when I’m still fresh graduate and very eager to find a good source of income.

I’m only trading on spot market that makes me less pressured when the market is going down because it only gives me paper loss unless I sold my holdings. I’m usually busy at my work so I don’t check often times my holdings.

tajimas

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Hello,friends
The question concerns experienced traders with a long experience of both wins and losses
Why did you decide to start trading one day?
Why do it,because there is long-term investing,mining or the possibility to do other business,including offline?
Who gave you this idea?
Did you start doing it to have an extra income or did you decide to devote your life to this business?
Maybe you are a former Wall Street trader and decided to start working for yourself,having a long experience in trading?
Any stories will be read with curiosity

-Regards

Topic: Why trading and not something else? - page 5. (Read 590 times)