Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Findingnemo on November 05, 2024, 12:51:25 PM
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
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In trading whether crypto or not, one must have the capital, the mindset and the skills to survive, flourish and really make good money. Trading is considered one of the best ways to gain financial independence as seen by many successful and influential personalities capitalizing on their trading success. Trading is not easy and can be too risky when one is not prepared...must have an experience and one can start with small capital to gain that necessary experience as nothing can happen if one is not so willing to start and face the possible risk. I am not sure if $5000 can really be the requirement as certainly there are popular traders who started small and learn along the way...though of course if one has $5K then it would really be helpful.
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Trading should not be a career unless... It can be a career when a trader see something positive about it. Assuming you have a reliable work, but also you are trading. If you are trading and trading is meeting your expected profit and also in a way you do not depend on other jobs, then you can make trading a career. Make trading a career when trading the profit from trading convince you about it as you make money from it that can sustain you, your family and savings in long period of time like many months to a year or 2.
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I am not sure if $5000 can really be the requirement as certainly there are popular traders who started small and learn along the way...though of course if one has $5K then it would really be helpful.
$5000 isn't required when they start trading but when they decide that trading is going to be their sole earning way then $5000 is the least to start with because $500 profit itself challenging as I said and that's the decent amount of money that one can survive their monthly expenses but also I am not suggesting anyone to choose trading as their only way to make money but if they do then make sure they're prepared enough to face the pitfalls.
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To become a trader as a career, you have to be prepared mentally, with a lot of capital and knowledge because all of these must be there, if one of them is not there then it is not balanced. a trader must be smart in setting strategies and managing assets so that trading is not done with one coin but several coins must be traded, and must have an income target such as earning a daily income. When one coin experiences a loss, we still have another coin to cover the loss.
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I totally agree that many traders fail because they are not prepared. If we want to succeed in trading we need more than just money and willingness to take risks. We also need self control to stick to our plan and patience to wait for good opportunities and constant learning to stay up to date. Controlling our emotions and adapting to changes and having realistic goals are also important. We should also manage risks well and have trading plan and keep track of our trades.For trading cryptocurrencies understanding how they work staying informed about rules and regulations using good charting tools and spreading our investments are crucial. Also having right mindset and managing stress helps us make smart decisions and achieve long term success. Building support network and focusing on progress not quick wins is key.
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Ofcourse along with capital, skills and experience is important and if one miss then no matter how much capital it will be busted in no time.
I expect more in specific guys like what and how one can approach it as a career path.
Prepare an emergency fund apart from capital, which should be sufficient for 6-12 months of survival initially because we can't expect things to turn around just from the go.
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Well, I do believe that there should be added qualities when you are trying to make trading your career. You should have the best education and understand the market. In this way, you would know that trading is crucial, and you need to learn continuously and adapt—the emotional aspect so you can control and not make rash decisions. Not being impulsive can lead to success in trading.
Risk management should be a part of it as well.
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Trading should be part time job and notva career because I see 5000 dollars still small for a new trader to start with in a volatile market, because in the long run, you might lose that funds. This means that to be successful in trading you must be rich to start trading. There is no guarantee that you will nake profit in trading and losses are inevitable no matter how professional you are in trading. It will be nice for me to invest $5000 in bitcoin and simply hodki than risking it in trading with a lot of stress and emotional drama.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Capital and risk tolerance are just the initial stepping stones for a trader to kickstart their career. You can't trade without capital, and you won't trade if you're not willing to take on some risk. Even putting your money in a bank or buying government bonds comes with its own set of risks.
Traders need a whole lot more to build a successful trading career: knowledge, experience, capital allocation skills, emotional control, discipline, stop-loss orders, profit-taking habits... You can find all this and more in various topics on the AltcoinsTalks forum, so I won't repeat them here ^^
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Trading slots in your given $5000 range can be very reliable. I value your opinion that a trader can start with at least that decent capital to get his profit. In fact, investment decisions lower than this may not be good for dealing with risk, yet people with financial considerations for investing can start with any amount of capital.
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The truth is that the whole summary of it all is that trades are moved by capital. Yes you actually can't underestimate the importance of understanding technical analysis but Still you need a nice capital for you to be able to bag a nice profit. People that copy trades from big traders at first don't seem to bag huge profits because of leverages and lot sizes.
Bigger traders actually have an edge over smaller traders in the market and that's simply because of the amount of capital they put into their trades compared to the small retail traders. Yes the whole stuff is about risk management but the fact is to be profitable you knowledge has to be backed by capital also.
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Responding to the post title, I will say one should choose trading as a career only if they are emotionally strong for it.
Definitely, anyone who intends to go into trading must have an amount of capital he intends to trade with. He must have learnt a few things about trading and is convinced that he is prepared for it. But when he is not mental capable of handling the ups and downs that comes with trading, alot will go wrong and he might end up not having a successful career.
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Trading should be part time job and notva career
I see trading not as job at all. Or you means it should be seen as a side job and not a main job. But yet I prefer not to see trading as a job. Trading is very risky. Most traders are losing is the reason. But anyone that is trading for a long period of time and have huge profit can see it as job.
because I see 5000 dollars still small for a new trader to start with in a volatile market, because in the long run, you might lose that funds.
You means $5000 is not small? I guess you mean it is too much because the person can lose the money. Yes newbies traders will lose most probably.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
You know, dude, the majority of us in this field of the crypto space know that trading is very complicated, which is really true. Now, if the fund you are going to enter is $500, it is a bit necessary, so you can't make a mistake as much as possible.
Especially if you are going to conduct trading activity in the futures trade, now in order to control your fund, you must, in every setting you make in the trade, do not forget to put SL and limit it to 2$ first so that you can observe the flow of what is happening in the market. And limit yourself to 10x-15x leverage; you should not go beyond that.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Capital and risk tolerance is not enough we need a person who can wait for the right time to invest in a coin. Who can wait for months and years to make good profit from a trade. Who is fast, and reacts to any news quickly.
A trader don't need $5k to start their journey but such a capital can increase their profits and reduce them from over trading too. If a person can bear the stress then he must chose trading as career.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
When choosing crypto currency trading as a career there's are allot of factors that one should look into before choosing choosing it as being a trader is not a joke as it's demanding and tasky one thing one need to take consideration befor taking that decision should be your ability of risk tolerance as it is part of trading so before choosing trading as e career one needs to be immuned against lose as the crypto market sometimes is not stable and is very volatile leading elose of money so anyone who can handle loose very well should be the one considering choosing a career as a trader
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
When choosing crypto currency trading as a career there's are allot of factors that one should look into before choosing choosing it as being a trader is not a joke as it's demanding and tasky one thing one need to take consideration befor taking that decision should be your ability of risk tolerance as it is part of trading so before choosing trading as e career one needs to be immuned against lose as the crypto market sometimes is not stable and is very volatile leading elose of money so anyone who can handle loose very well should be the one considering choosing a career as a trader
If you have experience, knowledge and expertise in trading we can choose trading as a career. To become a professional trader you must have good emotions, always be disciplined and careful in trading. And the key is always focus and enthusiasm in learning trading and practicing skills.
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If you have experience, knowledge and expertise in trading we can choose trading as a career. To become a professional trader you must have good emotions, always be disciplined and careful in trading. And the key is always focus and enthusiasm in learning trading and practicing skills.
One can have every skill needed to be a successful trader but if they don't have enough capital then the chances of being success become low that's why every aspect is important before jumping into completely. And one can have capital but when they lack the skill or money management then just over the time they will starts losing their capital too.
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If you have experience, knowledge and expertise in trading we can choose trading as a career. To become a professional trader you must have good emotions, always be disciplined and careful in trading. And the key is always focus and enthusiasm in learning trading and practicing skills.
One can have every skill needed to be a successful trader but if they don't have enough capital then the chances of being success become low that's why every aspect is important before jumping into completely. And one can have capital but when they lack the skill or money management then just over the time they will starts losing their capital too.
Skills are the main thing that must be owned before trading, besides the capital that must be owned to trade. both are very important. To get capital we can participate in airdrops and bounty campaigns, where the rewards we get can be used as capital. And knowledge and skills can be obtained by always learning and trying to become more expert in trading, so in my opinion both just go hand in hand.
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I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Trying to make trading your only career when you have limited knowledge on it or just beginning is very dangerous because there is no assurance of success. Before considering trading as a career and something to depend on, it is wise that you must have confirmed that it is something you can be successful in based on the wealth of knowledge that you have gathered.
An in depth knowledge of trading can get you capital when people see your results. How?? People can offer you capital to trade with and share the profits with them in percentages.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
The first think I would like to suggest if any person want to do trading as their career then they should find a valid reason for that why they want to do take trading as their career. And then I would like to say then that trading is not that kind of easy think you will come here and learn only one month and you will understand all the things about trading.
Because sometimes learing trading take a years plus time and also want to suggest that becoming professional trader you must know about the money management which will you learn and also know the psychological game behind the trading. After that if you learn the analysis of trading you should start will the demo and then when you will able to find the reason of losses and profit you should go on the real market.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Making a career out of trading is a very nice idea and choice path to personal financial freedom and independence. This has a flexible timing and freedom for those in the trading system.
Capital is a required commodity when it comes to business, while in trading of any kind it is the number one thing that has to be made available for actions to start taking place. Even in a demo trading account, Capita is made available.
I don't really see it as a standard or a major that anyone starting trading will need to have $5k before starting, cause to me, that will cause more harm than good to the trader if he/she is just starting trading on a real account (after practicing on a demo account).
Starting with a little amount is very important as he/she will grow, in experience and in profit and with this, understanding how the market goes, when and when not to enter a trade, how to follow up news and trends etc.
Someone who wants to make a career out of trading should start with a capital that he/she can afford to lose (putting yourself at a safe side as you see yourself grow).
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I'm really not sure with this, because I personally have never thought about making trading a career. because I'm not that good at trading, not that capable of doing it, so I'm quite self-aware that I don't make trading a career, just as a side job, that's enough, because it's just to manage risk better.
but maybe this is different from some other people who do make trading a career, because they are able to do it, and they are diligent and always focused on trading, spending their time on trading and analyzing the market well, even they already understand what movements are likely to occur in the market with TA and FA analysis, and they already know how to manage so as not to lose, with some techniques that they use. that's not a problem,
the problem is, when someone just enters the realm of trading, then without preparation, and makes trading a full time job and only based on luck, this is serious and very high risk.
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You know, dude, the majority of us in this field of the crypto space know that trading is very complicated, which is really true. Now, if the fund you are going to enter is $500, it is a bit necessary, so you can't make a mistake as much as possible.
Especially if you are going to conduct trading activity in the futures trade, now in order to control your fund, you must, in every setting you make in the trade, do not forget to put SL and limit it to 2$ first so that you can observe the flow of what is happening in the market. And limit yourself to 10x-15x leverage; you should not go beyond that.
For me, if you are not confident yet to trade without a knowledge and live trading experience, it's too risky to go on live trading with $500 capital on futures. Having a leverage above 5x is too volatile without proper knowledge of how to set up SL, it will always end up hitting your SL.
To reduce risk, since you do not want to lose a lot of money in trading, start trading on spot rather than futures while you monitor the price action. Once you get some signals, double/triple check and verify the signals before you buy. Only trade on futures if you believe the trend will be bearish, and only use 5x leverage anything beyond than that is extremely risky.
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I would choose trading as a career and as a job if and only if I had financial stability, otherwise I wouldn't do it because obviously when we are trading we are risking money and if we hit a bad streak where we don't understand the market everything will go down, I think this is what can be very significant if we decide to make a living from trading, I would do it, but obviously I would have at least the resources for 1 year to support my family and myself, including the costs of children's schools, taxes, utilities, all of this.
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First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
There are many factors to this one, but I will share one because I believe many here already shared their opinion already.
Know how to put stop-loss and take profits. This almost got me a few weeks ago when the market suddenly made a correction, I opened a long position because I thought that it will go even higher, but a day after I opened, the market made a huge correction (last week), causing me to lose almost around 40%, but it's impermanent loss. It's good for me that I waited, and I still ended up making profit since during the election, the market went up significantly. Still, that isn't the case for most traders here hence, always, always put a stop-loss and take profit if necessary.
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If you have experience, knowledge and expertise in trading we can choose trading as a career. To become a professional trader you must have good emotions, always be disciplined and careful in trading. And the key is always focus and enthusiasm in learning trading and practicing skills.
One can have every skill needed to be a successful trader but if they don't have enough capital then the chances of being success become low that's why every aspect is important before jumping into completely. And one can have capital but when they lack the skill or money management then just over the time they will starts losing their capital too.
I agree with you. For a trader to be successful, he needs both capital and experience, and he also needs to have patience to manage himself with consistency in every price trend. A trader should focus primarily on holdings as per his ability and after having a decent portfolio he can take any investment decision be it short term or long term. Investor should have regular buying habit irrespective of price to increase the chances of getting profit through capital so that UP decreases in long term cycle and chances of getting high profit.
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To become a trader as a career, you have to be prepared mentally, with a lot of capital and knowledge because all of these must be there, if one of them is not there then it is not balanced. a trader must be smart in setting strategies and managing assets so that trading is not done with one coin but several coins must be traded, and must have an income target such as earning a daily income. When one coin experiences a loss, we still have another coin to cover the loss.
Yes I will agree with you on this because for you to be called a trader there are certain qualities that one is expected of having so any one that lacks such is bound to run at lose or is at risk and as I have always said that first and foremost is the technical ability to study the market behavior and movement which has to be with your knowledge or the kind of training one have gotton before going to trade because with what I have seen some people who call them self trader only have half knowledge about trading as they only go for seminars and workshop on trading, then one thing we need to consider is the traders mindset there's a particular mindset that a trader is supposed to have the mindset of not giving of as that will go a long way to propel the traders into success because your mind need to be ready for trade as a trader so that profit driven spirit needs to activated in anyone who wants to call himself a trader
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We know that trading is one of the best profitable source for earning money from crypto currency market. So i am also think that trading will be best opportunity for earning best profit from crypto currency market. But we also know that trading is the best risky section in cryptocurrency market for earning money. So if we want to create our career from crypto currency trading, we must understanding in cryptocurrency market and trading system. Because without trading knowledge we don’t understand easily and also lost our profit.
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I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
if you are planning to trade you should not do it halfass because you will just be wasting your time if you plan on trading and you would like to succeed i think you should put your all in it i am talking time effort and resources
if you have a day job aside from trading i do not think you can focus completely with trading and i do not know if it will be very successful to do both because trading does not have an opening or closing time so you need to be on it every single time and having a day job would not help that so i think you need to decide if you are ready to give your everything to trading
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We know that trading is one of the best profitable source for earning money from crypto currency market. So i am also think that trading will be best opportunity for earning best profit from crypto currency market. But we also know that trading is the best risky section in cryptocurrency market for earning money. So if we want to create our career from crypto currency trading, we must understanding in cryptocurrency market and trading system. Because without trading knowledge we don’t understand easily and also lost our profit.
Yes trading is a risky way to earn more money and investors choose this trading to get high profit. To learn about crypto trading you first need to enter the market and with the right crypto selection process you can start depositing and you can wait for a decent portfolio for the possibility of profit. I mean you need to choose the right crypto and keep accumulating it continuously and after holding you can prepare yourself for short term trading.
High profit potential with risk is the main feature of trading and you have to keep buying and selling the market with patience and tolerance to get more profit from this method.
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Trading is a critical subject so it should not be considered as a career if one does not have a deep knowledge of trading. Because there is a very high profit as well as a high possibility of loss, it can never be considered as a source of passive income. And I don't think anything other than passive income should be chosen as a career. Trading can be a part time source of income or an alternative source of income. But it should never be considered as a source of main income.
The larger the amount you trade with while trading, the higher your profit and loss amount will be. so use as much money for trading as you can afford to lose
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Yes trading is a risky way to earn more money and investors choose this trading to get high profit. To learn about crypto trading you first need to enter the market and with the right crypto selection process you can start depositing and you can wait for a decent portfolio for the possibility of profit. I mean you need to choose the right crypto and keep accumulating it continuously and after holding you can prepare yourself for short term trading.
High profit potential with risk is the main feature of trading and you have to keep buying and selling the market with patience and tolerance to get more profit from this method.
There is nothing in this life that is absolutely not risky, even if he air it that we breathe in and out is very risky. To grow in life, you must take some bold steps to accomplish them otherwise somethings wouldn't just work. It's possible that you might have different ways to earn but if you don't try it out, you might not know the one you will excel.
If you have the time to stay on the internet, without much disturbance from offline, I think trading is something anyone should do no matter how risky it is. Most people that are making money from Bitcoin trading today, started sometimes ago and are enjoying the benefits now.
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First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
It is not even about the money you’re trying to use as capital to start but the capital also has its part to play in you making it in trading. One thing with a lot of capital to start with gives you an opportunity to be able to earn more but only if you already have the right knowledge of the market, if not you’ll make a lot of wrong decisions and blow your account.
Low capital requires you to have patient while trading and won’t allow you to take as many trades as you want, it won’t also make you to learn and retest what you’ve learned immediately to see how profitable the strategy may work for you. If you’re going to be utilising trading as a career, the money you’ll start with is important but not as important as having the right knowledge to trade the market and be profitable. This includes your risk management, patient, psychology etc.
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Trading is a critical subject so it should not be considered as a career if one does not have a deep knowledge of trading. Because there is a very high profit as well as a high possibility of loss, it can never be considered as a source of passive income. And I don't think anything other than passive income should be chosen as a career. Trading can be a part time source of income or an alternative source of income. But it should never be considered as a source of main income.
The larger the amount you trade with while trading, the higher your profit and loss amount will be. so use as much money for trading as you can afford to lose
I strongly believe trading is very risky. I think anyone can take trading as part time job but if anyone take it his permanent career I strongly believe this decision is wrong there has no doubt. I am also a trader and I know Many traders available in world and in our country. Some are trading for part time and some are doing for time career.
But who will take trading as career he will be suffer there has no doubt. Because trading sometimes will be profitable and sometime we will loss. But who will take trading us career he will be huge loser and any time he will be out from trading.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
From my point of view, if you are willing to be a full time trader by taking trading as a way to earn money for you and your family... That simply means you must have gotten enough to at least take care of the basic needs of a family.
Because, you can't use the money for necessity to place trade as it is very risky.... The saying always goes "Trade as much you can afford to lose". At first, it is advisable to be cautious on what money you are to use to pace trades.
On the other hand, knowing the market is relatively unpredictable, that simply means any individual who is wishing to be a full time trader has to be very smart in market analysis and never miss concrete chances of grabbing profits....
As a full time trader, you need alot of experience on the market and high intellectual skill of reading and understanding candlestick patterns, and you also need to follow up news updates as all these can guide you to become a successful trader.
And you also need to learn how to be moderate, not too greedy and not too fearful.
Starting a trading career with $500 is enough to make out something for the day, but only when predictions and speculations are correct..... Otherwise, things may go wrongly...
And please, always remember to trade as much as you can afford to lose...
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I strongly believe trading is very risky. I think anyone can take trading as part time job but if anyone take it his permanent career I strongly believe this decision is wrong there has no doubt. I am also a trader and I know Many traders available in world and in our country. Some are trading for part time and some are doing for time career.
But who will take trading as career he will be suffer there has no doubt. Because trading sometimes will be profitable and sometime we will loss. But who will take trading us career he will be huge loser and any time he will be out from trading.
I saw how difficult to make living on trading since the markets is unpredictable. You can win big today, but you could lose everything on the next day. It is a rollercoaster with ups and downs, and losing a large amount is very frustrating and stressful.
I would not say that full-time trading is always a bad idea, but I would advise caution. You must learn risk management strategies, have a serious plan, and be able to handle your emotions. If you are not prepared for this, I recommend that you stop or trade only on paper money until you gain confidence before moving on to live trading.
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I strongly believe trading is very risky. I think anyone can take trading as part time job but if anyone take it his permanent career I strongly believe this decision is wrong there has no doubt. I am also a trader and I know Many traders available in world and in our country. Some are trading for part time and some are doing for time career.
But who will take trading as career he will be suffer there has no doubt. Because trading sometimes will be profitable and sometime we will loss. But who will take trading us career he will be huge loser and any time he will be out from trading.
I saw how difficult to make living on trading since the markets is unpredictable. You can win big today, but you could lose everything on the next day. It is a rollercoaster with ups and downs, and losing a large amount is very frustrating and stressful.
I would not say that full-time trading is always a bad idea, but I would advise caution. You must learn risk management strategies, have a serious plan, and be able to handle your emotions. If you are not prepared for this, I recommend that you stop or trade only on paper money until you gain confidence before moving on to live trading.
Trading certainly does generate income however it does take time and patience because markets are not stagnant. Of course, high revenues are possible, but it is very critical to stay calm emotionally and to be prepared for changes. In that case we can understand how risk management works, come up with a mature plan and control ourselves. If we feel that we are still not ready then, we learn with virtual money in order that we may get more ready once we are out there trading real money.
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Trading certainly does generate income however it does take time and patience because markets are not stagnant. Of course, high revenues are possible, but it is very critical to stay calm emotionally and to be prepared for changes. In that case we can understand how risk management works, come up with a mature plan and control ourselves. If we feel that we are still not ready then, we learn with virtual money in order that we may get more ready once we are out there trading real money.
Trading brings income certainly but you have to understand the direction the market is facing for the moment. Their people that trade with trend, like right now the market is bullish and they will focus on doing their trading longing and taking profits. This will continue until the market fade away and they switch again to short and continue making their money.
The thing is they are nit attach to emotions when it comes to decision of market making. I really admire them but I don't know why I have never had the courage to short the market, only long with my liquidation in mind so I don't feel disappointed later.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Yeah, I agree that we really need certain qualities to become a profitable in trading such as risk management, trading plan, and emotional stability. If you have that trading qualities you have a higher chance to become a profitable. It doesn't matter how big is your capital, as long as you have the right risk management, you can survive in the long run.
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Here my answer will be very simple because trading is a sector where knowledge or skill is required to be successful just like in other sectors like freelancing sector if I have to do freelancing in graphics designing or web designing then I must be skilled in these sectors. And if that is not the case, then it is not possible to get success here, similarly in the case of trading, if one does not know about analysis and trades without understanding the market sentiment, then trading is not suitable for him to choose as a career. And on the other hand, those who can keep such a mindset that they will work hard and also give time to learn trading can only choose trading as a career.
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Trading is a critical subject so it should not be considered as a career if one does not have a deep knowledge of trading. Because there is a very high profit as well as a high possibility of loss, it can never be considered as a source of passive income. And I don't think anything other than passive income should be chosen as a career. Trading can be a part time source of income or an alternative source of income. But it should never be considered as a source of main income.
The larger the amount you trade with while trading, the higher your profit and loss amount will be. so use as much money for trading as you can afford to lose
Trading is certainly not a source of passive income instead it is more stressful than other jobs but it gives the benefit of doing it anytime and anywhere. We don't have to sit in offices or wear formal clothes to do it. We don't even have to tell anyone about it we can do it quite and most of the crypto traders choose it for their career to do future trading alone.
Spot trading needs more funds thus they can make enough profit and many don't have this so they do future and loss a lot too but with experience and time they learn more and make profit.
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......And I don't think anything other than passive income should be chosen as a career. Trading can be a part time source of income or an alternative source of income. But it should never be considered as a source of main income. ............
Trading is certainly not a source of passive income instead it is more stressful than other jobs but it gives the benefit of doing it anytime and anywhere. We don't have to sit in offices or wear formal clothes to do it. We don't even have to tell anyone about it we can do it quite and most of the crypto traders choose it for their career to do future trading alone.
Surely, I can't believe if there are people who think that trading is passive income. Because we still have to work hard in trading activities, we still have to think about strategies, market and coin analysis, indicators, various fundamental news, and so on so that we can reap profits from trading, which is not that easy to get profits from this high-risk activity. That's why even this trading activity is highly not recommended for beginners in crypto without sufficient preparation and mental readiness and knowledge. If not, then the result is that the risk that is obtained will be much higher and there is a risk of losing the money we have.
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I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
if you are planning to trade you should not do it halfass because you will just be wasting your time if you plan on trading and you would like to succeed i think you should put your all in it i am talking time effort and resources
if you have a day job aside from trading i do not think you can focus completely with trading and i do not know if it will be very successful to do both because trading does not have an opening or closing time so you need to be on it every single time and having a day job would not help that so i think you need to decide if you are ready to give your everything to trading
Planning a career is not a trivial matter. This is the first step that determines the direction of your future in the world of work and how you can do it together with your career goals.
This stage is very important and rarely implemented. Many people dream of achieving it but they forget that planning a career must start long before that. How can you know your final destination if you don't have a map to get there?
important steps you need to take to plan a career well.
]know yourself,
research about the chosen profession،
determine short or long term goals، dan
Evaluate and Adjust the Plan Periodically.
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First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
For me, the chances are still the same, 50:50 even when you already understand some trading tips, you will still have a chance to lose too... the amount of capital is influenced by the strength of the hands and mind of the owner of the money... the more courageous a person is to manage $5000, the more ready he is to get his chances... but there are also those who are not yet confident with that amount of money, and I worry about this person.
It's all about mentality and readiness, so the amount of money must also be adjusted to the mental readiness so that every decision can be taken in maximum condition.
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If we want to focus on Crypto trading as our livelihood, then we must have many connections to the Crypto community. So with that we will have a lot of information about the coins that are currently hype and whatever it is that is important to be able to make a profit. We must also be good at analyzing, managing our finances well. So that our focus in this Crypto can run smoothly and profitably.
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If we want to focus on Crypto trading as our livelihood, then we must have many connections to the Crypto community. So with that we will have a lot of information about the coins that are currently hype and whatever it is that is important to be able to make a profit. We must also be good at analyzing, managing our finances well. So that our focus in this Crypto can run smoothly and profitably.
if you want to get information about the hype coins, we can actually enter the groups that share potential coins. I actually prefer to observe the coins on CMC because which coins are trending is also visible, if we are not late in entering, we will likely get profit.
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I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
if you are planning to trade you should not do it halfass because you will just be wasting your time if you plan on trading and you would like to succeed i think you should put your all in it i am talking time effort and resources
if you have a day job aside from trading i do not think you can focus completely with trading and i do not know if it will be very successful to do both because trading does not have an opening or closing time so you need to be on it every single time and having a day job would not help that so i think you need to decide if you are ready to give your everything to trading
If someone is making money from a job then they are not even recommended to do trades, or just being the part time with little capital is the smart choice since the revenue from trading is not consistent so if someone is quitting their job to be a trader is a wrong choice.
Trading needs time but doesn't need complete focus, you can reduce the trading frequency and concentrate of making solid profits.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Career is hard to made but some people has already made trading their only career and making a living with it that's great and those traders started from few thousands dollars and now they trade in millions, I am not a trader but a short term holder or long term trade maybe as I holded for 1.5 years and made 2x only or maybe little up from 2x.
Point is slow and steady wins the race if you, as a trader, want to start your career from $5,000 in the spot, then that's okay You can start but you have to calculate how much profit you need per month or per week.
If I have to adopt crypto trading as a career then I would only need $270 or $300 to live a happy month and if I could make that much money even with $1000 in a spot then I would definitely try to follow that path.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
In trading of course we must have capital, in addition to the experience and knowledge that we must have in trading. If we do not have capital, maybe we can participate in the airdrop to get a reward that we will use as our capital in trading. Trading is something that makes me interested in going to the stock exchange every day and doing that and this can be said to be addictive because I spend my time monitoring the market.
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For an individual to choose trading as a career it's going to be complicated, because it will require extensive knowledge, understanding, skills, and experience, and you can't aquire the complete knowledge of trading, skills, experience and everything that you need to know about trading in just a year, you need two or more years to understand everything about trading if you really want to be a professional trader.
However some individuals are impatient to wait patiently for years to aquire the knowledge, because they are willing and eager to quick profits. Their aim for trading is to become wealthy. Their impatience doesn't allow them to overlook the importance of training and experience.
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For an individual to choose trading as a career it's going to be complicated, because it will require extensive knowledge, understanding, skills, and experience, and you can't aquire the complete knowledge of trading, skills, experience and everything that you need to know about trading in just a year, you need two or more years to understand everything about trading if you really want to be a professional trader.
learning doesn’t stop ive seen some learn in only just a year they learned the basics the fundamentals and then got to trading and surely nothing is a better teacher than experience itself so throughout his trading career he was able to learn as well
However some individuals are impatient to wait patiently for years to aquire the knowledge, because they are willing and eager to quick profits. Their aim for trading is to become wealthy. Their impatience doesn't allow them to overlook the importance of training and experience.
sad truth people go into crypto thinking everything is just easy money but it’s not everything requires hard work and dedication and of course patience
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if you want to get information about the hype coins, we can actually enter the groups that share potential coins. I actually prefer to observe the coins on CMC because which coins are trending is also visible, if we are not late in entering, we will likely get profit.
Yes, that's right, whatever the source of the news we have to get as much as possible. Because the more information we get, the more choices of coins we will trade.
No less important is that we have to get it from trusted media, because this crypto trading has a big risk.
If we take the wrong step and make a decision then our money will be lost.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
Capital isn't the main ingredient in trading. If you have the capital and you don't have the knowledge and experience, then you are in for long thing because I'm very certain and that even if you have $30k as capital, you will just waste it without making any profit from the market. You need the knowledge more than anything, then capital follow after.
If you are a food trader that is well equipped with knowledge and experience, with $200 you can flipped that to $500 and you can also flipped that amount to $1000. However, that doesn't mean you wouldn't loss, in every stage of your trading journey just accept that loss is inevitable form this market.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
Capital isn't the main ingredient in trading. If you have the capital and you don't have the knowledge and experience, then you are in for long thing because I'm very certain and that even if you have $30k as capital, you will just waste it without making any profit from the market. You need the knowledge more than anything, then capital follow after.
If you are a food trader that is well equipped with knowledge and experience, with $200 you can flipped that to $500 and you can also flipped that amount to $1000. However, that doesn't mean you wouldn't loss, in every stage of your trading journey just accept that loss is inevitable form this market.
using small capital we can also do trading so it doesn't need big capital to be able to do it. We can learn to trade with small capital first, if we start to understand and have good skills we can increase our capital.
in trading the important thing is to want to learn and practice in order to have good skills in making analysis, reading charts, seeing trends and making the right strategy.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000,
Capital isn't the main ingredient in trading. If you have the capital and you don't have the knowledge and experience, then you are in for long thing because I'm very certain and that even if you have $30k as capital, you will just waste it without making any profit from the market. You need the knowledge more than anything, then capital follow after.
using small capital we can also do trading so it doesn't need big capital to be able to do it. We can learn to trade with small capital first, if we start to understand and have good skills we can increase our capital.
in trading the important thing is to want to learn and practice in order to have good skills in making analysis, reading charts, seeing trends and making the right strategy.
Right, in fact, if we have just entered the world of trading, we should not prepare such a large capital because it will be much higher risk, especially if we still do not have a good understanding of fund management and its risks. In the beginning, again, as you said, the important thing is knowledge about trading, not only knowledge about what coins, but also various things related to trading which are so complex.
In addition, learning by doing is necessary, but you still have to pay attention to capital, and if you are just starting out, it will be wiser and safer to use small capital, especially for learning and it is also expected that it is not used in hype coins because the risk is so great.
Unless we are already proficient and used to it, then increasing the amount of capital may be necessary, with good consistency and also implementing trading methods in a more disciplined and persistent manner. And of course, make sure that whatever capital we prepare, it is free money, which we can afford to lose.
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Yes, that's right, whatever the source of the news we have to get as much as possible. Because the more information we get, the more choices of coins we will trade.
No less important is that we have to get it from trusted media, because this crypto trading has a big risk.
If we take the wrong step and make a decision then our money will be lost.
After thinking about different strategies, it is important to collect as much information as possible which really assist us when choosing the right steps in the crypto market. By having an overview of things, you will be able to notice several opportunities that had not been noticed before. But, it needs to be cautious about using information from various sources, there are some things which must not be overlooked. If decisions are rational, that is when relying on the credible data, then risk is kept to a minimum, and capital is protected. Every considered step will get us closer to success in pure crypto business.
using small capital we can also do trading so it doesn't need big capital to be able to do it. We can learn to trade with small capital first, if we start to understand and have good skills we can increase our capital.
in trading the important thing is to want to learn and practice in order to have good skills in making analysis, reading charts, seeing trends and making the right strategy.
Trading with little money is quite logical, particularly for those of us who hope to get familiar with this sphere without overwhelming ourselves. With each learning process we will be able to lay its future improvement of our abilities and results in the future process. Since talent increases with ability then adding capital will feel like a natural process since it is backed by mastery. The main message is to have fun and seek further opportunities to gain more knowledge about themselves to be able to read markets better than before.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
It is true that if the amount of investment is less then nothing can be expected good from trading. If you find a good opportunity through a good analysis you will be able to grow your asset quickly. Not every analysis will be effective all the time. A healthy capital is essential to take advantage of the opportunity. Otherwise seems like a waste of time to me with little profit. But if a trader does not have the ability then of course the best is what is possible according to his ability.
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Not every analysis will be effective all the time. A healthy capital is essential to take advantage of the opportunity. Otherwise seems like a waste of time to me with little profit. But if a trader does not have the ability then of course the best is what is possible according to his ability.
The analysis will not be completely accurate because it is only intended to predict that the market will be the same as in technical or fundamental analysis, but also in the market conditions.
And about the capital used, of course, requires correct management so that the trades carried out can be in accordance with the strategy applied at the beginning, without good management everything will fall apart.
Don't say that as if you understand trading and do it yourself, even though you don't know basic knowledge and only follow the instructions of others, it's not good and certainly won't have the ability to trade on your own.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
Why $1000? For some people, that amount is still not enough, but for some people that amount is too big... even the main key to someone's success is actually not capital, but a strong intention.. we can start from managing $10 and then grow to $1000, even though it takes years... but what is certain is that the person has succeeded in turning $10 into $1000... if using the concept you said, there will be many people who will not start learning trading, because maybe they don't have $1000 ready to invest...
The point is, start with a strong intention and never give up, even if it's only $10 first.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
Why $1000? For some people, that amount is still not enough, but for some people that amount is too big... even the main key to someone's success is actually not capital, but a strong intention.. we can start from managing $10 and then grow to $1000, even though it takes years... but what is certain is that the person has succeeded in turning $10 into $1000... if using the concept you said, there will be many people who will not start learning trading, because maybe they don't have $1000 ready to invest...
The point is, start with a strong intention and never give up, even if it's only $10 first.
Yeah, everybody starts with what would suit them in their mind.
You would be able to bring more funds afterward all the time, so it's better to start small, in my opinion, depending on your situation.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
Why $1000? For some people, that amount is still not enough, but for some people that amount is too big... even the main key to someone's success is actually not capital, but a strong intention.. we can start from managing $10 and then grow to $1000, even though it takes years... but what is certain is that the person has succeeded in turning $10 into $1000... if using the concept you said, there will be many people who will not start learning trading, because maybe they don't have $1000 ready to invest...
The point is, start with a strong intention and never give up, even if it's only $10 first.
You are right there is no fixed amount to start with while trading but to me it's best understandable to have the basic concept like knowing what you are doing before applying such amount. Like we know even $1k is likely too small to start with but this doesn't guaranteed a total profits or becoming Rich over the night because that person already using such amount to trade. My point is, for a good trade you don't too much capital to start with what you need is self development and the feeling to utilize anyone amount you are given to start trading than just having a fixed amount on your mind to start trading.
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Not every analysis will be effective all the time. A healthy capital is essential to take advantage of the opportunity. Otherwise seems like a waste of time to me with little profit. But if a trader does not have the ability then of course the best is what is possible according to his ability.
The analysis will not be completely accurate because it is only intended to predict that the market will be the same as in technical or fundamental analysis, but also in the market conditions.
And about the capital used, of course, requires correct management so that the trades carried out can be in accordance with the strategy applied at the beginning, without good management everything will fall apart.
Don't say that as if you understand trading and do it yourself, even though you don't know basic knowledge and only follow the instructions of others, it's not good and certainly won't have the ability to trade on your own.
Risk management would make wonders to any depo or position opened.
So in order to be fine on the market, all of the factors should be combined to fulfill the goal in the mind of a person.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
Why $1000? For some people, that amount is still not enough, but for some people that amount is too big... even the main key to someone's success is actually not capital, but a strong intention.. we can start from managing $10 and then grow to $1000, even though it takes years... but what is certain is that the person has succeeded in turning $10 into $1000... if using the concept you said, there will be many people who will not start learning trading, because maybe they don't have $1000 ready to invest...
The point is, start with a strong intention and never give up, even if it's only $10 first.
I have tried from 10$ and the results were not so optimal and boring in my opinion, especially if you have to wait for a long increase, it feels like the funds are dead and not circulating, but over time the funds for trading have been arranged from 10$ now to 100$, it is still not big enough but be patient to continue learning
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You are right there is no fixed amount to start with while trading but to me it's best understandable to have the basic concept like knowing what you are doing before applying such amount. Like we know even $1k is likely too small to start with but this doesn't guaranteed a total profits or becoming Rich over the night because that person already using such amount to trade. My point is, for a good trade you don't too much capital to start with what you need is self development and the feeling to utilize anyone amount you are given to start trading than just having a fixed amount on your mind to start trading.
While talking about trading, the size of capital is irrelevant but understanding how and what we are doing and utilising them makes the difference. The more strong skills that we can build, the more better we can manage every opportunity that is available. May not be small or large capital, but rather it’s how we learn and develop in each one of them, that stands up to the final result. However, the more we continually hone those skills and increase the experience, it gives us a solid foundation of trading winning strategies.
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You are right there is no fixed amount to start with while trading but to me it's best understandable to have the basic concept like knowing what you are doing before applying such amount. Like we know even $1k is likely too small to start with but this doesn't guaranteed a total profits or becoming Rich over the night because that person already using such amount to trade. My point is, for a good trade you don't too much capital to start with what you need is self development and the feeling to utilize anyone amount you are given to start trading than just having a fixed amount on your mind to start trading.
While talking about trading, the size of capital is irrelevant but understanding how and what we are doing and utilising them makes the difference. The more strong skills that we can build, the more better we can manage every opportunity that is available. May not be small or large capital, but rather it’s how we learn and develop in each one of them, that stands up to the final result. However, the more we continually hone those skills and increase the experience, it gives us a solid foundation of trading winning strategies.
You are correct and for that we should also try to reduce our desire amount to be achieved while trading, most people do focused on the amount to be achieved while trading and this made them trade out of control, I mean with desperacy and anyone who is trading with desperacy easily incurred must lost because their target and focused is the amount to be achieved. Though had came across some people on the forum which says that trading is easy and we making it to look so complicated why it's not, then I have to think that if trading is that easy why not everyone involving themselves in trading? This is to say that it's not as easy as they think otherwise vast majority of people could have ventured into trading and became easily successful.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
Why $1000? For some people, that amount is still not enough, but for some people that amount is too big... even the main key to someone's success is actually not capital, but a strong intention.. we can start from managing $10 and then grow to $1000, even though it takes years... but what is certain is that the person has succeeded in turning $10 into $1000... if using the concept you said, there will be many people who will not start learning trading, because maybe they don't have $1000 ready to invest...
The point is, start with a strong intention and never give up, even if it's only $10 first.
I have tried from 10$ and the results were not so optimal and boring in my opinion, especially if you have to wait for a long increase, it feels like the funds are dead and not circulating, but over time the funds for trading have been arranged from 10$ now to 100$, it is still not big enough but be patient to continue learning
$10 funds are bought with Solana memecoins, if you are lucky your money can increase x100 more.
But that is waiting for luck to be on your side, you should collect more capital to enter the crypto market.
If it is only $10 it will quickly get boring, especially since we cannot buy more coins as a trading option that we will do.
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You are correct and for that we should also try to reduce our desire amount to be achieved while trading, most people do focused on the amount to be achieved while trading and this made them trade out of control, I mean with desperacy and anyone who is trading with desperacy easily incurred must lost because their target and focused is the amount to be achieved. Though had came across some people on the forum which says that trading is easy and we making it to look so complicated why it's not, then I have to think that if trading is that easy why not everyone involving themselves in trading? This is to say that it's not as easy as they think otherwise vast majority of people could have ventured into trading and became easily successful.
Well, Trading is a journey and well, patience, skill, and humble acceptance that results don’t manifest like you want are required. Setting our expectations too high can actually lead to pressure and we become unable to make decisions as a result. And teaching ourselves to calm down and be aware of risk will cut down on the emotional drive that can become so easily loss inducing.
The claim that trading is simple, however, may refer only to some of the experience of those who have learned to adapt to its beat. However, in reality, trading is a skill and a knowledge that evolve and will continue to do so to make the right decision. That means we can’t let ourselves be held prisoner by the assumption that getting successful trading requires no effort because it’s not true and we’re better off learning, practising and acknowledging that success in trading is as a result of a process spanning time that needs perseverance and time to patiently practise.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
Why $1000? For some people, that amount is still not enough, but for some people that amount is too big... even the main key to someone's success is actually not capital, but a strong intention.. we can start from managing $10 and then grow to $1000, even though it takes years... but what is certain is that the person has succeeded in turning $10 into $1000... if using the concept you said, there will be many people who will not start learning trading, because maybe they don't have $1000 ready to invest...
The point is, start with a strong intention and never give up, even if it's only $10 first.
The thing I want to prioritize is that not everyone's financial situation is the same. That's why not everyone's capital will be the same. Moreover, although 1 thousand dollars is certainly a small amount for many, there are many who will find it difficult to arrange 1 thousand. So I will agree with you that instead of giving a specific amount, a trader should conduct trading according to his goals and capabilities. If there is skill and strong desire, then comparatively good profits can be made even with small amounts.
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I think capital is the main key if you want to trade, whether it's crypto or not, I think if you have a minimum capital of $ 1000, you can get the expected profit, although not as much as more than $ 1000, but if you trade in the right coin, it can provide benefits. Besides that, perseverance and patience accompany you to make someone a successful trader,
Why $1000? For some people, that amount is still not enough, but for some people that amount is too big... even the main key to someone's success is actually not capital, but a strong intention.. we can start from managing $10 and then grow to $1000, even though it takes years... but what is certain is that the person has succeeded in turning $10 into $1000... if using the concept you said, there will be many people who will not start learning trading, because maybe they don't have $1000 ready to invest...
The point is, start with a strong intention and never give up, even if it's only $10 first.
The thing I want to prioritize is that not everyone's financial situation is the same. That's why not everyone's capital will be the same. Moreover, although 1 thousand dollars is certainly a small amount for many, there are many who will find it difficult to arrange 1 thousand. So I will agree with you that instead of giving a specific amount, a trader should conduct trading according to his goals and capabilities. If there is skill and strong desire, then comparatively good profits can be made even with small amounts.
I agree with you not everyone has the same capital, because everyone's financial capabilities are different. We can trade with a small capital, we don't have to start with a large capital because trading is very risky, and in trading it takes knowledge, experience and skills in managing our finances. so no matter how much money we make capital, if we really focus we will get consistent profits.
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$10 funds are bought with Solana memecoins, if you are lucky your money can increase x100 more.
But that is waiting for luck to be on your side, you should collect more capital to enter the crypto market.
If it is only $10 it will quickly get boring, especially since we cannot buy more coins as a trading option that we will do.
good suggestion, we can buy meme solanan with $10, but do we just wait for that one coin. if we have a lot of capital we can diversify into several coins which gives us many opportunities to gain profit.
i am not a meme coin lover, but i also have several meme coins in my wallet. my biggest asset is in the top coins,
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I agree with you not everyone has the same capital, because everyone's financial capabilities are different. We can trade with a small capital, we don't have to start with a large capital because trading is very risky, and in trading it takes knowledge, experience and skills in managing our finances. so no matter how much money we make capital, if we really focus we will get consistent profits.
Of course, trading does require serious preparation on the preparation side on both your knowledge, and your ability to evade risk. The most important thing is to use small steps according to our respective capacities and begin with. If we handle small capital properly and learn from experience, then small capital is no impediment to learning and development. What we need to do in the process is to be very aware of all decisions as we may not want to risk things we don’t need to.
Additionally, we can build our understanding of better strategies to get better results. Consistent, regular analysis, and ongoing effort to reduce weaknesses leads to profit opportunities. We don’t see instant results but we can create results relative or proportionate to the amount of effort we invest.
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You are correct and for that we should also try to reduce our desire amount to be achieved while trading, most people do focused on the amount to be achieved while trading and this made them trade out of control, I mean with desperacy and anyone who is trading with desperacy easily incurred must lost because their target and focused is the amount to be achieved. Though had came across some people on the forum which says that trading is easy and we making it to look so complicated why it's not, then I have to think that if trading is that easy why not everyone involving themselves in trading? This is to say that it's not as easy as they think otherwise vast majority of people could have ventured into trading and became easily successful.
Well, Trading is a journey and well, patience, skill, and humble acceptance that results don’t manifest like you want are required. Setting our expectations too high can actually lead to pressure and we become unable to make decisions as a result. And teaching ourselves to calm down and be aware of risk will cut down on the emotional drive that can become so easily loss inducing.
The claim that trading is simple, however, may refer only to some of the experience of those who have learned to adapt to its beat. However, in reality, trading is a skill and a knowledge that evolve and will continue to do so to make the right decision. That means we can’t let ourselves be held prisoner by the assumption that getting successful trading requires no effort because it’s not true and we’re better off learning, practising and acknowledging that success in trading is as a result of a process spanning time that needs perseverance and time to patiently practise.
You know sometimes when we talked about trading we need to reconsider the types of trading that are there, you know most people often buy and hold to see little changes and when they see some profit they easily sells off their coin, at this point they can classified it as trading but to me this is not trading but a kind of short term investment or scalping which we don't see it as trading, even though we must calls it trading the risk level is very minimal. So anyone doing such trading can easily said it's not difficult and one doesn't lose while trading.
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You know sometimes when we talked about trading we need to reconsider the types of trading that are there, you know most people often buy and hold to see little changes and when they see some profit they easily sells off their coin, at this point they can classified it as trading but to me this is not trading but a kind of short term investment or scalping which we don't see it as trading, even though we must calls it trading the risk level is very minimal. So anyone doing such trading can easily said it's not difficult and one doesn't lose while trading.
Actually, Trading is an activity that needs different strategies and pursue according to the need and capability of the individual. Sometimes we do take stable resultable steps with a little bit of safer steps. In this instance, it does make sense to quickly buy and sell, smaller amounts, for small profits. Yet this method still needs very meticulous planning and the grasping of the market condition in order to obtain results as expected.
I don’t want to lose, but I live to learn too. And while low risk or high risk in trading, each step we take us provides us valuable lessons. Open to possibilities and managing expectations will make our understanding of the market richer. Performing this activity with focus will increase our confidence and we can have the chance to reach the best result.
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$10 funds are bought with Solana memecoins, if you are lucky your money can increase x100 more.
But that is waiting for luck to be on your side, you should collect more capital to enter the crypto market.
If it is only $10 it will quickly get boring, especially since we cannot buy more coins as a trading option that we will do.
good suggestion, we can buy meme solanan with $10, but do we just wait for that one coin. if we have a lot of capital we can diversify into several coins which gives us many opportunities to gain profit.
i am not a meme coin lover, but i also have several meme coins in my wallet. my biggest asset is in the top coins,
We can buy and invest with many coins if we have a lot of capital, if our capital is small how to divide it ?! Then we have to try again to get more capital if we want to trade or invest in crypto. If we want to get capital from here, we can participate in the Airdrop campaign or Signature campaign. But unfortunately not everyone has the time to do that, so we have to be smart in getting capital and processing it here to get more profit.
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One has to have several years experience, if he wants to take trading as a career. It will be difficult for a beginner to take trading as a career. With tons of experience and knowledge he can gain success.
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Trading should be part time job and notva career because I see 5000 dollars still small for a new trader to start with in a volatile market, because in the long run, you might lose that funds. This means that to be successful in trading you must be rich to start trading. There is no guarantee that you will nake profit in trading and losses are inevitable no matter how professional you are in trading. It will be nice for me to invest $5000 in bitcoin and simply hodki than risking it in trading with a lot of stress and emotional drama.
Mate Holding $5000 on a form of short or Long term investment is the same on trading with $5000 except you are on a future or margin options with leverages. For example, if A buy Bitcoin at $94000, and decided to hold his/her positions till a favorable price renge, it is reasonable to see Mr B trading with $5000, buys bitcoin at $94000 and sell at $98000 or less. The worst case scenario for both party is similar or even the same.
Now, Mr A, may plan to hold for three years whether Price goes up or down, but Mr B may also decide to sale with a little profit margin, or hold his position, come back to sell once prices rises to certain price level to buy again when it goes dip.
In a nutshell, except you are on future or margin options, Holding or trading with $5000 has no economic differences in my opinion.
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Someone can start for as low as the minimum trading amount required by any exchange but I agree, someone who wants to see some significant gains needs also some quite good amount. Well, at least first learn the small way through capital that will signify as your money for experience and to understand more depths of trading. But if you have a better choice, you don't have to wrestle against the market by being a day trader, work for some other things, DCA, invest and trade when in profit.
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You know sometimes when we talked about trading we need to reconsider the types of trading that are there, you know most people often buy and hold to see little changes and when they see some profit they easily sells off their coin, at this point they can classified it as trading but to me this is not trading but a kind of short term investment or scalping which we don't see it as trading, even though we must calls it trading the risk level is very minimal. So anyone doing such trading can easily said it's not difficult and one doesn't lose while trading.
Actually, Trading is an activity that needs different strategies and pursue according to the need and capability of the individual. Sometimes we do take stable resultable steps with a little bit of safer steps. In this instance, it does make sense to quickly buy and sell, smaller amounts, for small profits. Yet this method still needs very meticulous planning and the grasping of the market condition in order to obtain results as expected.
I don’t want to lose, but I live to learn too. And while low risk or high risk in trading, each step we take us provides us valuable lessons. Open to possibilities and managing expectations will make our understanding of the market richer. Performing this activity with focus will increase our confidence and we can have the chance to reach the best result.
Of course everyone always want to utilize every single opportunity that comes across them while trading but the ability and correspondence to effectualized it counts most, since most of them aren't that stable enough in trading neither do want to involved themselves with taking little profits. Trading is simply but it depends on how we values it or what modalities to implore for effective trading.
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Someone can start for as low as the minimum trading amount required by any exchange but I agree, someone who wants to see some significant gains needs also some quite good amount. Well, at least first learn the small way through capital that will signify as your money for experience and to understand more depths of trading. But if you have a better choice, you don't have to wrestle against the market by being a day trader, work for some other things, DCA, invest and trade when in profit.
In trading, a trader must consider the risk. If he wants to take the risk, he can take it because if the risk is high, the potential return will also increase. But if he is a beginner, I think it is better for him to trade with a small stake. By running their business activities with a small amount of money, they can become big traders. Initially, one should observe the risk factors and trade. And when someone wants to take trading as a profession, then he must acquire good skills in all the necessary things in trading and conduct trading activities. Trading is related to money, so there is no chance to consider it unimportant in any way.
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Trading should not be a career unless... It can be a career when a trader see something positive about it. Assuming you have a reliable work, but also you are trading. If you are trading and trading is meeting your expected profit and also in a way you do not depend on other jobs, then you can make trading a career. Make trading a career when trading the profit from trading convince you about it as you make money from it that can sustain you, your family and savings in long period of time like many months to a year or 2.
Normally, anyone chosen a career know that there are something positive about it, fortunately, there are positive things about Trading that can make it an individual career or profession.
Now, a career is referred to an individual chosen profession or occupation. A career mainly uses skill and talents while providing personal fulfillment and a sence of purpose. Trading is worth the time and energy as long you are making the desired progress over times.
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I see trading not as job at all. Or you means it should be seen as a side job and not a main job. But yet I prefer not to see trading as a job. Trading is very risky. Most traders are losing is the reason. But anyone that is trading for a long period of time and have huge profit can see it as job.
Trading is very risk and make as main job have many bad possibility in the future but difference in my country how difficult looking for job have good payment salary I don't think problem make trading as main job. Actually trading very good way as side job how to help our financial condition behind have main job, but many trader earn much profit in trading more bigger than how much salary payment receiving with their main job.
Personally, I will make trading as my side job and keep priority if have good main job with good salary payment but today very difficult in my country regulation have limited age looking for job and very small salary receiving with daily working take more than 10 to 13 hours.
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I see trading not as job at all. Or you means it should be seen as a side job and not a main job. But yet I prefer not to see trading as a job. Trading is very risky. Most traders are losing is the reason. But anyone that is trading for a long period of time and have huge profit can see it as job.
Trading is very risk and make as main job have many bad possibility in the future but difference in my country how difficult looking for job have good payment salary I don't think problem make trading as main job. Actually trading very good way as side job how to help our financial condition behind have main job, but many trader earn much profit in trading more bigger than how much salary payment receiving with their main job.
Personally, I will make trading as my side job and keep priority if have good main job with good salary payment but today very difficult in my country regulation have limited age looking for job and very small salary receiving with daily working take more than 10 to 13 hours.
I have a main job in the real world and also have a business managed by my wife. so for me trading is just a side job because of my busyness in the real world.
so I never consider trading as my main income, this is just additional income. because my main income is from real world work and business.
I haven't been trading for long, only about 6-7 years and have not become a professional because I have many shortcomings when making analysis and strategies
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I have a main job in the real world and also have a business managed by my wife. so for me trading is just a side job because of my busyness in the real world.
so I never consider trading as my main income, this is just additional income. because my main income is from real world work and business.
I haven't been trading for long, only about 6-7 years and have not become a professional because I have many shortcomings when making analysis and strategies
It is always good to have a main job because just relying on trading is not very good, unless you always have a profitability and that is very difficult, I personally say that it is still difficult for me to do trading, because I do not dedicate 100% of the time to it, there are many things to do, but I think that for now I would not take it as a main job, but I would like that at some point that was my main job, but you have to be studying each thing every day, the whys, everything, it is always good to do that type of analysis, I think that we all make mistakes when analyzing the entire market and it is normal, the important thing is to get ahead.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Pretty sure that majority will really be that guilty with this on which on the time that we've seen someone who do make out some trades then the first thing that comes up into your mind is that you could actually do it also on which it might really that look so simple on the moment that you've seen that you are really that be making up some simple buy and sell with the price on which this is really just that a common impression specially on your first time. At the moment that you do find yourself that on doing such trading then you will really be able to tell into yourself that it wasnt easy. This is why people do usually make up some realizations on the moment or time that they have experienced the worst things.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Pretty sure that majority will really be that guilty with this on which on the time that we've seen someone who do make out some trades then the first thing that comes up into your mind is that you could actually do it also on which it might really that look so simple on the moment that you've seen that you are really that be making up some simple buy and sell with the price on which this is really just that a common impression specially on your first time. At the moment that you do find yourself that on doing such trading then you will really be able to tell into yourself that it wasnt easy. This is why people do usually make up some realizations on the moment or time that they have experienced the worst things.
Honestly, trading is not easy, because it requires knowledge and also must always train skills in order to make the right analysis and strategy. Maybe those who at the beginning see trading as easy just buy and sell to get profit but they forget that the crypto market is very volatile and difficult to predict. sometimes different from what we expect and make us lose, and this requires experience to be able to have expertise as a professional trader
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Honestly, trading is not easy, because it requires knowledge and also must always train skills in order to make the right analysis and strategy. Maybe those who at the beginning see trading as easy just buy and sell to get profit but they forget that the crypto market is very volatile and difficult to predict. sometimes different from what we expect and make us lose, and this requires experience to be able to have expertise as a professional trader
Yes, Facing the world of trading involves having preparation in knowledge and desire skills that are developed continually. What is considered basic such as buying and selling involves many factors that we need to learn, due to sometimes erratic market fluctuations. Understanding and the spirit to learn with failures form some of the key aspects of our process of establishing ourselves as sound trading partners. If we want to carry on learning and hence overcome the problem, we can avoid them in the future and make better decision.
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Honestly, trading is not easy, because it requires knowledge and also must always train skills in order to make the right analysis and strategy. Maybe those who at the beginning see trading as easy just buy and sell to get profit but they forget that the crypto market is very volatile and difficult to predict. sometimes different from what we expect and make us lose, and this requires experience to be able to have expertise as a professional trader
I can say that nothing is easy in this world, what makes something easy is because of knowledge and experience, especially if we talk about trading, it is not easy to do at all.
However, with extensive knowledge and sufficient experience, at least it will make us understand more about what we have to do. Does not make trading easy, because once again it is full of risks. But at least this can minimize the risk.
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Honestly, trading is not easy, because it requires knowledge and also must always train skills in order to make the right analysis and strategy. Maybe those who at the beginning see trading as easy just buy and sell to get profit but they forget that the crypto market is very volatile and difficult to predict. sometimes different from what we expect and make us lose, and this requires experience to be able to have expertise as a professional trader
Yes, Facing the world of trading involves having preparation in knowledge and desire skills that are developed continually. What is considered basic such as buying and selling involves many factors that we need to learn, due to sometimes erratic market fluctuations. Understanding and the spirit to learn with failures form some of the key aspects of our process of establishing ourselves as sound trading partners. If we want to carry on learning and hence overcome the problem, we can avoid them in the future and make better decision.
To make trading less difficult, it requires that one start from the basic levels, then continue a learning processes to acquire more knowledge and experiences to make a desirable progress with time.
Now, these are some of the keys features to make trading a career or profession
1.Must have emotional control and the ability to adapting to market changes over times.
2,Must have good plans and strategies and the ability to stick to plans.
3.Must be a patience trader, and learn to listen to those who are more experienced than you
4.Must always stay informed, that is, you have to be aware of certain market events, news, speculations etc, and search for the latest market updates and informations.
5.Must have an average capital, at least $3k or more depending on your ability to source for funds
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I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Time is also important because trading is time-consuming. Trading for me is full-time vocation I have a friend who is a full-time trader and he is on watch on the chart almost every hour and has a timer that will alarm him on signals, which is why I did not choose to be a trader because I have so many things to do and my risk tolerance is not good, I never enjoy looking at those candle charts than playing in online casinos.
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Nowadays trading is a good way to make big profit at any time. But trading is not for everyone. For those who have long experience and are expert in market analysis and have a lot of time to spend behind trading, it is possible to earn money from trading and can use it as a career. There is a risk in everything, so you have to accept that risk and always move towards your destination. Those who do business also have the risk of losing and those who work also have the risk of losing their jobs. So I would say trading can definitely be used as a career
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I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Time is also important because trading is time-consuming. Trading for me is full-time vocation I have a friend who is a full-time trader and he is on watch on the chart almost every hour and has a timer that will alarm him on signals, which is why I did not choose to be a trader because I have so many things to do and my risk tolerance is not good, I never enjoy looking at those candle charts than playing in online casinos.
When someone who doesn't need to provide for their family because someone is being the bread winner or they are already rich that is good enough for them to survive atleast a decade can go down that path. But an average person who lives the life from salary to salary and hardly saves anything can use trading as a good option to make extra money but not only as a full time because it's not sustainable, high risky and unpredictable.
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I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Time is also important because trading is time-consuming. Trading for me is full-time vocation I have a friend who is a full-time trader and he is on watch on the chart almost every hour and has a timer that will alarm him on signals, which is why I did not choose to be a trader because I have so many things to do and my risk tolerance is not good, I never enjoy looking at those candle charts than playing in online casinos.
When someone who doesn't need to provide for their family because someone is being the bread winner or they are already rich that is good enough for them to survive atleast a decade can go down that path. But an average person who lives the life from salary to salary and hardly saves anything can use trading as a good option to make extra money but not only as a full time because it's not sustainable, high risky and unpredictable.
for me trading is another income that I can use to add to my asset collection, because from trading profits I buy potential coins and I hold them.
lucky for those who are already rich and trade as a sideline from their main income in the real world.
They can support their families from real-world jobs, but some traders use profits to meet their living needs.
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To be a good trader one has to learn a lot and know about trading. Then if we invest then we can move forward in it, most of the people don't have much knowledge so they lose in trading because those people are making them invest. When we know which coins we are trading and have information about it then we can get good profit even in low range. Maybe if we ever experience a loss, there are other coins to back up so we can pursue a career.
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To be a good trader one has to learn a lot and know about trading. Then if we invest then we can move forward in it, most of the people don't have much knowledge so they lose in trading because those people are making them invest. When we know which coins we are trading and have information about it then we can get good profit even in low range. Maybe if we ever experience a loss, there are other coins to back up so we can pursue a career.
Yeah knowledge is needed in trading and investment, we must have it and also experience. because in investment and trading we must always learn and practice making analysis, formulating strategies and it takes long experience to be able to become skilled.
trading is a choice for many people who want to get a lot of profit but they must have time to focus on learning and practicing by always monitoring market movements. While those who are busy in the real world because they have a business and maybe work as employees they can choose to become a holder.
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Since passes from the college, I have make cryptocurrency trading as career although have try build any real business how to make completed income in the future when market not supported yet or earn profitable consistency. Unfortunately not wrong make trading as career but firstly you have enough saving assets how to avoid when market unpredictable or difficult to earn profit.
Make it more benefit in the future by investing any real business profitable earn from cryptocurrency and make having several source income not depend only with cryptocurrency.
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Since passes from the college, I have make cryptocurrency trading as career although have try build any real business how to make completed income in the future when market not supported yet or earn profitable consistency. Unfortunately not wrong make trading as career but firstly you have enough saving assets how to avoid when market unpredictable or difficult to earn profit.
Make it more benefit in the future by investing any real business profitable earn from cryptocurrency and make having several source income not depend only with cryptocurrency.
when you are a beginner in trading you should know that you will make mistakes and you will lose money of course i am not saying you will lose all but it would be foolish to think that you will always get it right even if you do the market is unpredictable and there could be times where there would not be much profit for you to earn which is why you shouldn't drop everything off yet you should at least have a back up plan in which you could fall back on in case things are not going so well in trading this is very important especially if you are earning for your family and not just yourself
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
I always used my time to get airdrops and from that I build up my portfolio up to four figures amount, but since I don't really trade, I invested in some good projects for long term and some short term that gives me profit..
I don't think it's a good way to make a career with crypto. But would say if you can make a bussiness with crypto payments system, that's when you can make it.
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To be a good trader one has to learn a lot and know about trading. Then if we invest then we can move forward in it, most of the people don't have much knowledge so they lose in trading because those people are making them invest. When we know which coins we are trading and have information about it then we can get good profit even in low range. Maybe if we ever experience a loss, there are other coins to back up so we can pursue a career.
Choose the trading is a career if, If is many things is related too. Trading is a more risky way of earning. I think it would not be a career though most of the professional trader doing it for their living. I don’t think anyone need to depend on trading for their living cause It's a risky way. Most of them are think that trading is a great way of earning. There is no doubt that trading is the best way of earning but we need to understand for whom the word is suitable. Its only the best way of earning for them who are really good at it. Doing trading we need to gather much and more knowledge from all of our trusted source. It will help us to increase our skill. If we able to increase our skill it will help to be a good trader. Then we can do it for living. I always suggest not to trade if we don’t have much knowledge behind it. I am totally agree with you that trading is so much risky and it will be more risky decision if we don’t know it. So we need to research the market and get proper knowledge after that we can choose it as career.
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Maybe all I can say is that if you are going to enter crypto trading, it is good to first train yourself in spot trading with small capital, and while doing this, we should also know the strategies that will be effective for us and we should determine the right strategy so that we can maintain our profit.
Now, if you are also going to join futures trading, then the same thing should be done, starting with a small amount, do not immediately start with a large amount because our fund can be liquidated quickly even if it is just a small mistake.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
I always used my time to get airdrops and from that I build up my portfolio up to four figures amount, but since I don't really trade, I invested in some good projects for long term and some short term that gives me profit..
I don't think it's a good way to make a career with crypto. But would say if you can make a bussiness with crypto payments system, that's when you can make it.
Airdrop or crypto investment will never bring you any passive income. And this is why crypto can never be taken as a career. Crypto is an investment medium where if you invest long term you will get full amount of profit but it will not give you regular income with which you can run your daily life. So crypto can never be a career for anyone you can invest in crypto as per your ability to get good things in future but you must engage in some job or business as a career which will give you a passive income.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
I always used my time to get airdrops and from that I build up my portfolio up to four figures amount, but since I don't really trade, I invested in some good projects for long term and some short term that gives me profit..
I don't think it's a good way to make a career with crypto. But would say if you can make a bussiness with crypto payments system, that's when you can make it.
Airdrop or crypto investment will never bring you any passive income. And this is why crypto can never be taken as a career. Crypto is an investment medium where if you invest long term you will get full amount of profit but it will not give you regular income with which you can run your daily life. So crypto can never be a career for anyone you can invest in crypto as per your ability to get good things in future but you must engage in some job or business as a career which will give you a passive income.
if you aim for passive income then treading isn't one. you may have misinterpret the meaning of passive. but surely trading is not something like that. if there is a dividend ore revenue sharing platform or you earning from staking token, that's what it means for passive source of income.
$5000 is enough to experiment in trading as long as you are very careful with your trading and fix the very minimum leverage. one big loss can change the course of your route and then you can just stick to the spot market.
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Maybe all I can say is that if you are going to enter crypto trading, it is good to first train yourself in spot trading with small capital, and while doing this, we should also know the strategies that will be effective for us and we should determine the right strategy so that we can maintain our profit.
Now, if you are also going to join futures trading, then the same thing should be done, starting with a small amount, do not immediately start with a large amount because our fund can be liquidated quickly even if it is just a small mistake.
Good advice, if we practice trading with small capital either in spot trading or in futures trading we can start by practicing using small capital.
Because by practicing and using small capital the risk of loss and loss is not big. And this can be started from the beginning when we start learning.
I also initially traded using small capital, after feeling that I had the right analysis and strategy I added capital for my trading.
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I recently came to the realization that it is challenging to pursue cryptocurrency trading as a job in this field. That is to say, it is not simple. According to my experience, it is simple to say but challenging to implement in practice. Although you may first believe that you know a lot about trading techniques and methods, you will realize that you will lose a lot of money before you fully understand it when you perform the actual backtesting.
Additionally, I observed that the quantity of ideas or knowledge we possess in trading is not quantified, allowing us to claim that we can generate passive revenue from the real trades we make each time we engage in trading activity. I have observed a lot of people who are highly knowledgeable in trading, but ultimately they are stressed because their analysis is never in line with reality. Therefore, anyone who wishes to pursue this career path should first give it great thought.
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Good advice, if we practice trading with small capital either in spot trading or in futures trading we can start by practicing using small capital. Because by practicing and using small capital the risk of loss and loss is not big. And this can be started from the beginning when we start learning. I also initially traded using small capital, after feeling that I had the right analysis and strategy I added capital for my trading.
If we are beginners, we must use small funds to avoid severe losses. Beginners have lack of knowledge, it is not a wise way to use big funds. There will be the time to use big funds when we already have good knowledge and enough experience. Yes, spot trading is safe place for beginners, beginners mustn't try to trade in future immediately. Future isn't a place for beginners, it is for professional traders only. When I tried trading for the first time, I also focus on spot trading and never feel to try future trading.
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Good advice, if we practice trading with small capital either in spot trading or in futures trading we can start by practicing using small capital. Because by practicing and using small capital the risk of loss and loss is not big. And this can be started from the beginning when we start learning. I also initially traded using small capital, after feeling that I had the right analysis and strategy I added capital for my trading.
If we are beginners, we must use small funds to avoid severe losses. Beginners have lack of knowledge, it is not a wise way to use big funds. There will be the time to use big funds when we already have good knowledge and enough experience. Yes, spot trading is safe place for beginners, beginners mustn't try to trade in future immediately. Future isn't a place for beginners, it is for professional traders only. When I tried trading for the first time, I also focus on spot trading and never feel to try future trading.
I agree with you a, newbies should use small funds to gain experience by practicing. Because if they use large funds with less experience, the worst possibility will happen they will lose.
after having skills they can try to learn future trading and use larger funds.
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What I think is, I only focus on being a trader when I already have a cash reserve for the next 10 years... when my mind is not easily affected by emotions and I can guarantee my life remains safe... it is indeed a bit strange, but I am sure everyone has their own opinion...
Being a trader is indeed too risky, especially for those who are used to living in a comfort zone... interesting people's stories are always about revival and luck, while people who fail are never exposed, that's why motivators never discuss the dark side of risk taking and forget that everyone has a different mentality.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Trading neither on traditional markets or with crypto will really be that basing or according into your preference and risks tolerance. Just make yourself that do realize that trading skills isnt really that something eaesy that you could be able to obtain on which this will really be needing up that sufficient time and knowledge on which it will really be still taking a time. You are the ones will be able to find out whether you can sustain or not because there are those times or moments that you will really be having some issues when it comes into this aspect because you are expecting something which is easy on which it isnt really the case on here.
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To be successful in trading, it is not only about capital or technology. The right mindset and the ability to tolerate risk are also very important. Although it is possible to start with less capital. However to develop trading as a career, a little more capital is required, which will facilitate decision making. In addition, knowing your profit and loss calculations correctly. Having a long-term plan and patience is very important. Those who are considering crypto trading as a career should keep these things in mind.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Trading neither on traditional markets or with crypto will really be that basing or according into your preference and risks tolerance. Just make yourself that do realize that trading skills isnt really that something eaesy that you could be able to obtain on which this will really be needing up that sufficient time and knowledge on which it will really be still taking a time. You are the ones will be able to find out whether you can sustain or not because there are those times or moments that you will really be having some issues when it comes into this aspect because you are expecting something which is easy on which it isnt really the case on here.
No matter how skillful and knowledgeable in crypto trading in particular still it's an uncertain market so expecting a constant earnings from trading alone is almost not possible which is why I said don't try to do trading as a full time career if you want to achieve financial freedom or to make more money than your current salary. Because I seen people done that which is they quit their decent paying job to trade but ended up in debt or losing their capital.
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Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500 which itself 10% profit which is difficult but possible with right choices.
I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.
Trading neither on traditional markets or with crypto will really be that basing or according into your preference and risks tolerance. Just make yourself that do realize that trading skills isnt really that something eaesy that you could be able to obtain on which this will really be needing up that sufficient time and knowledge on which it will really be still taking a time. You are the ones will be able to find out whether you can sustain or not because there are those times or moments that you will really be having some issues when it comes into this aspect because you are expecting something which is easy on which it isnt really the case on here.
No matter how skillful and knowledgeable in crypto trading in particular still it's an uncertain market so expecting a constant earnings from trading alone is almost not possible which is why I said don't try to do trading as a full time career if you want to achieve financial freedom or to make more money than your current salary. Because I seen people done that which is they quit their decent paying job to trade but ended up in debt or losing their capital.
If you have a steady income from a salary as an employee in the real world or have another business that can earn money steadily, we should not leave it. because trading in crypto is uncertain and the market is always fluctuating, this is the reason why trading is only a side job when I have free time.