Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: chigo on December 12, 2024, 04:51:43 AM
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
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You can treat trading as your business if you want to. But when people around you are just used to thinking being employed means going to a workplace, they'd still be seeing you as unemployed.
What matters is you are earning. You could tend other things to do though which is a big plus being a trader. You have freedom.
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if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
I don't think those who consistently made profits from trading care about what other people say. Usually, people feel shame because the community around them because they don't work and sustain their life from their parents' money. That being said, being a professional trader usually means you're working with a large capital, under a certain company, and so on. Regardless of the definition that you believe, earning profits to sustain your living is certainly a good thing.
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- I see and notice other communities in this crypto space who have a lot of knowledge in trading but they are not able to properly apply what they know
in trading to themselves when it comes to their actual trading activity.
Because most of the time those who have extensive knowledge in trading here in this field do not become profitable in trading even though others know a lot about trading strategy. But in execution they fall short.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
Trading is one of the best profitable crypto in cryptocurrency market. But i think that it’s not an employee. So i am also agree with your best valuable comment. We also believe that we can earn best profit from crypto trading system. But if we cannot understand in trading system, then it will be very risky for us. So we also see that many investors could be losses his asset from crypto trading system. Because they could not understand in trading. So i think that trading will be one time free earning source in cryptocurrency market.
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I don't think those who consistently made profits from trading care about what other people say. Usually, people feel shame because the community around them because they don't work and sustain their life from their parents' money. That being said, being a professional trader usually means you're working with a large capital, under a certain company, and so on. Regardless of the definition that you believe, earning profits to sustain your living is certainly a good thing.
I think it is very unusual to see professional trader who just trade their own money.
Unless you really have a lot of money, it is very risky to just risk your savings in trading. If you just put a small capital in your trades, you won't profit enough for living.
Remember that we have to pay the bills every month, you can't wait for a crypto bull run to pay your bills. Usually the best crypto trades result in holding coins for months even years...
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To be honest there are a lot of online jobs that require a lot of time and patience to acquire the necessary skills, but there are also many online jobs that can be learned in a very short time and earn a good amount of money. Once you get experience in trading and understand all the tricks then crypto will be your sure source of earning money. I think unemployment will be better than life you spend time in crypto and find your best source by which you can make good profit. It can be your own business so you can support your family even if you are not working others jobs.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
+ Nice opinion
We know many legendary traders with assets worth hundreds of millions of dollars, no unemployed person can build such a huge fortune. Trading is also a profession in the finance sector, whether he makes his own money or works for asset management funds.
However, only truly dedicated and passionate traders can survive by trading. Most people see trading as a side job to invest with idle capital, others teach trading knowledge to get rich ^^
I rarely care about other evaluations or opinions of my work. I don't depend on them, I don't let negative comments affect me and my work.
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However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
Some traders have been able to turn their knowledge of trading into a stable source of income by setting up mentorship schools where they have new intakes who pay an amount of money to come learn the basics of trading from them. Some other traders with very good knowledge have been able to make it a stable income source by having signal groups where people in these groups pay fees for signals for trading in a month. If you decide to trade with the money you earn, every loss you make will be very painful. This is why, as a trader, you must try to develop your knowledge to the extent where you can begin to trade with other people's money.
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You can treat trading as your business if you want to. But when people around you are just used to thinking being employed means going to a workplace, they'd still be seeing you as unemployed.
What matters is you are earning. You could tend other things to do though which is a big plus being a trader. You have freedom.
Trading can be compared to a type of business. Because buying others and selling them at a profit is the name of business. In terms of trading you are buying a digital coin and selling them at a profit so it can be called a business. So in this case those who do trading cannot be called unemployed. Crypto is a big opportunity for us where you can earn money by working independently. In this case you don't have to go to any particular place it will give you complete freedom to work. If someone considers a crypto trader as unemployed, it means that he himself does not know anything about it.
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the word we use for the freelancer like who were providing their service on the different kinds of Marketplace like fiber, freelancer[dot]com etc even then in this forum the campaign managers were also a freelancer. And in their case we use the word is "Self Employed". And I will also apply this word on the trader I mean who were the real trader not like a person who don't know anything about the cryptospace who don't know about the analysis skills. Because everyone can trade, but not everyone is a professional trader, the term "self-employed" will not be used for everyone in the field of trading.
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If you're just starting to be a trader and had a goal on it, you should have a stable job first outside of trading, When you're earning double of what you earned your job on trading, that's the time that you leave the job and go full-time trading.
Trading is a rewarding and fulfilling job because you have flexible time and you command what you earn compared to your job, where your income is fixed.
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Well, yes. because sometimes, it also depends on each person's point of view, which may be different. some believe that trading is their job, because their main income is from trading and they can really generate regular income to not only meet their needs but also for investment and other income.
However, on the other hand, there are also those who trade as a side job, or things that are not too binding, in the sense that it is not the main thing, if you get a lot of profits, it is considered a bonus.
whatever it is, it depends on each individual. especially if you compare it to the real world, let alone specific trading, if we work online and WFH, we are often considered unemployed by people around us. ;D ;D
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I think being unemployed is making anxious to some people especially when their parents see them not trying hard to be employed and still dependent to parents.
Or this thread could be related to the issues in society today where people are not motivated to work anymore. With so many layoff and businesses closing down, it will common to see employed people. Pretending to be a trader will make you look cool 😜
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However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
For profitable traders, I don't see the need to have an extra source of income. That mostly for newbie traders so that they can sustain themselves in the market. The market is very volatile and unpredictable and the best way to learn the forex market is to take good risk, have a good strategy and be consistent.
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many people mostly old ones still do not understand the concept of working remotely or through online for them online jobs aren’t real jobs like how some people think that social media influencer or content creator is not a real job but if it pays the bills to me it’s a job already
just don’t pay attention to what other people thinks and focus on what you do
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Traders can be categorized as UNemployed in the sense that nobody is employing them hence they are their own boss or in other word self-employed but they are not out of job since they are doing something and once they are profitable enough we can consider them to be entrepreneurial traders but if they don't then they can be failures. Successful traders are known to be professionals on what they do and if they will share their secrets and strategies then they can be coach or even a guru for others.
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Traders can be categorized as UNemployed in the sense that nobody is employing them hence they are their own boss or in other word self-employed but they are not out of job since they are doing something and once they are profitable enough we can consider them to be entrepreneurial traders but if they don't then they can be failures. Successful traders are known to be professionals on what they do and if they will share their secrets and strategies then they can be coach or even a guru for others.
Yep, you're right, dude, and this is what I do. I control my time and I don't have a boss to worry about because it's like your own business, we manage it ourselves, no need to hire employees. And what I like about doing this is that I still have my son at home, where I can keep an eye on him no matter what.
So, my other neighbors here are surprised that I'm always at home, but they see that I can pay and buy our needs, which are usually prime commodities that are higher than their expenses, even though they are employees while me is not.
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Traders can be categorized as UNemployed in the sense that nobody is employing them hence they are their own boss or in other word self-employed but they are not out of job since they are doing something and once they are profitable enough we can consider them to be entrepreneurial traders but if they don't then they can be failures. Successful traders are known to be professionals on what they do and if they will share their secrets and strategies then they can be coach or even a guru for others.
Yep, you're right, dude, and this is what I do. I control my time and I don't have a boss to worry about because it's like your own business, we manage it ourselves, no need to hire employees. And what I like about doing this is that I still have my son at home, where I can keep an eye on him no matter what.
So, my other neighbors here are surprised that I'm always at home, but they see that I can pay and buy our needs, which are usually prime commodities that are higher than their expenses, even though they are employees while me is not.
Very interesting story, because I can't do what you do. Because I don't have the trading skills like you, by being able to get profit just by doing it at home and being able to get profit to fulfill all the needs of life.
I have to work as an employee so that my family's needs are met.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
The best way to describe trading as a side business. People often see work differently. Nevertheless if you are earning money then it's ok. What people think don't matter.
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Laypeople in crypto trading, not only consider people whose job is trading crypto to be unemployed. But they also say that people who trade crypto are gambling online. Personally, I don't care about what people say, as long as I don't harm them, that's not a problem at all. Indeed, if we can have another job besides trading crypto, but if we don't have one and only focus on trading crypto, I think that's very appropriate.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
You can see trading as your main source of income and the only one that can make you to be your own boss at any age you got an edge on it. Trading is a skill and when you have won over it, you’ll be financially free for the rest of your life. Trading actually makes you your own boss, it also gives you the privilege to do and undo at anytime you wish to. It doesn’t limit your freedom to some rules that only you can set for yourself. A lot of exciting things can be found on trading that when you utilize well, it can make you a lot of money and be financially independent.
You may consider to have another side hustle to complement your trading but in many circumstances, some traders that are already profitable don’t really wanna diversify since the money is always their for them to fetch and they’ve gotten a complete understanding of the market that won’t make them falter again. It is good to have other sources, that can help in the future even though trading will be there forever and not collapse in the future. Trading is a good gig to get on if you’ve the psychological mindset to face the challenges it comes with and to beat it.
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No one will be asking questions as long as we are making money and showing off it, but I guess they might have assumption like these person is cooking meth. :D
Trading is more than a job in my opinion, it's like running your business because you have to be very responsible and have to manage a lot of things that is not necessarily the case while we work.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
Who said traders are unemployed? they do more work than any worker because they do work for themselves so they have to use their mind more they have to bear the stress and load of work too they have to take the responsibility but unlike any other worker or employee, they don't have to take such risks.
They just have to do the tasks they are assigned, and they are making money washing dishes. okay they wash them no problem except the hard work etc. Choosing trading as passion is not a wrong choice but they certainly have other source of income to make their livings stable.
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However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
The fact that they see crypto as not a stable way of earning money because you can still lose money by doing it is one reason some might not see it as a job.
I agree with what you said though that it's required for a trader to have a side hustle, but I believe most of those professional traders don't need it because they're making more money in trading than they lose so basically, we can say that it's still a stable source of income for them that they might not need another income source.
Anyway, the subject topic is a bit misleading because nobody in the first place said that these traders especially the professional ones are unemployed.
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Traders are not unemployed; they are self-employed individuals who take initiative and work independently. Although they may not be employed by the government or a traditional organization, they are actively engaged in their own businesses, generating income and creating opportunities for themselves.
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Traders are not unemployed; they are self-employed individuals who take initiative and work independently. Although they may not be employed by the government or a traditional organization, they are actively engaged in their own businesses, generating income and creating opportunities for themselves.
All the actions we dedicate ourselves to creating something from the ground up is indeed hard work that should be applauded. Because being self-employed you have the guts to take risk and belief in oneself is the core competency that are highlight . Today we can meet a lot of obstacles out there, but every step made and taken is real contribution to building something and making the world a little better for everyone, including ourselves. Thus, relying on creativity and determination, we keep trying to do turn ideas into something that can offer the or achieves benefits. This indicates that it is our own working style to tell everyone that effort is always good and carriess great worth.
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TRADERS are not UNEMPLOYED
I agree with you that trading is not unemployed. In essence, when someone tries or endeavors to work in any field, whether online or offline, and generates income, it means that he is still working and is not unemployed. So when there are people who think that working is just coming to the office to be an employee and also having a fixed monthly salary, then that's not right. because in today's global era and online world, there are many ways to earn income and work.
The best way to describe trading as a side business. People often see work differently. Nevertheless if you are earning money then it's ok. What people think don't matter.
indeed. let people say anything about us our work. But what is certain is that when we can make money with our own hard work, why not? Don't let people disturb our lives anymore or interfere with what we do, we can't satisfy them all. so just focus on ourselves.
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Traders are not unemployed; they are self-employed individuals who take initiative and work independently. Although they may not be employed by the government or a traditional organization, they are actively engaged in their own businesses, generating income and creating opportunities for themselves.
We do know that on the time or moment that you do think off about other sources of income then the primary thing that comes up into your mind is that on the moment that you do see trading as a good option then it will really be that up to you on how to manage your time because the primary issue that you will be having on this is on how you will really be that making up some extra income and if you do saw up that trading could give out that potential side income then you will really be doing it. It all matters about time management on this case and we do know that traders could neither be full time or sideline.
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Traders are not unemployed; they are self-employed individuals who take initiative and work independently. Although they may not be employed by the government or a traditional organization, they are actively engaged in their own businesses, generating income and creating opportunities for themselves.
We do know that on the time or moment that you do think off about other sources of income then the primary thing that comes up into your mind is that on the moment that you do see trading as a good option then it will really be that up to you on how to manage your time because the primary issue that you will be having on this is on how you will really be that making up some extra income and if you do saw up that trading could give out that potential side income then you will really be doing it. It all matters about time management on this case and we do know that traders could neither be full time or sideline.
Yes, I also do part-time trading by choosing the best times to trade because I have a business in real life so I can't always focus on trading.
I do spot trading, because it's the method that suits me best and I've been doing it for a long time.
I don't dare to take risks by doing futures trading because I don't have enough knowledge and experience to do futures trading.
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I think crypto trading is the same as trading in general, it can be said to be a business, where if we do day trading we will definitely get income every day, if one coin is down we can trade in other coins that have the potential to provide profit, so if someone says unemployment, it might be true because a crypto trader is not seen working, people only see him playing with his cellphone, staying at home, going out only when necessary, unlike office workers who according to people are called workers
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I think crypto trading is the same as trading in general, it can be said to be a business, where if we do day trading we will definitely get income every day, if one coin is down we can trade in other coins that have the potential to provide profit, so if someone says unemployment, it might be true because a crypto trader is not seen working, people only see him playing with his cellphone, staying at home, going out only when necessary, unlike office workers who according to people are called workers
A person who focuses on trading may seem unemployed because they don't seem to work, but they have daily income from their day trading profits. This requires focus and always monitoring the market, doing analysis and having the right strategy and it can be said that they are professional traders if they are already experts in trading.
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Traders are actually very strong entrepreneurs in terms of mentality and have many assets that are traded and sought for profit, traders are very disciplined people because they know how to take probit and hodL for coins that have the potential to rise.
Unemployment may seem like just staying at home because staying at home to trade crypto is also very easy, I also access this altcoinstalks forum at home with a notebook and sometimes use my personal smartphone.
So, don't equate unemployment and traders because that is very different in meaning.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
Yes I agree with you on this your point because trading is actually work that those engaged in it are doing so any one still looking at traders as lazy and jobless should have a rethink as trading is actually a good job that people are earning a living from in this current era where the internet has taken over everywhere trading is one thing thing that has been keeping people busy and meaningful engaged
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For me, trading is in my opinion like a profession that in the end you will have additional skills, because it will benefit you for a long time if you can use it correctly in your life as your own source of income. It is like your own job where you don't have a boss because you control your time.
But you have to work, and you must really know the right strategies to use here so that you can get income either passive or part-time income.
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For me, trading is in my opinion like a profession that in the end you will have additional skills, because it will benefit you for a long time if you can use it correctly in your life as your own source of income. It is like your own job where you don't have a boss because you control your time.
But you have to work, and you must really know the right strategies to use here so that you can get income either passive or part-time income.
I agree with you, trading is a profession where we can manage our own time because we don't have a boss.
Trading is a skill that makes us skilled in taking profit from our trades so that we have [income from this business.
And it's not easy, because to be skilled it takes a long time to learn it.
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I cannot blame people who say it's not real job because there are 'traders' who boast on social media how easy it is to make a profit. They say just spend a few minutes and then it's money. While that may be true to good traders or those who copy trades, people who works in the physical world would most likely still think that they live in social media.
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I cannot blame people who say it's not real job because there are 'traders' who boast on social media how easy it is to make a profit. They say just spend a few minutes and then it's money. While that may be true to good traders or those who copy trades, people who works in the physical world would most likely still think that they live in social media.
i've seen those ads on youtube lol one was even bragging with his yacht.
you can say trading is not a job. some people re just force to trade because they don't have a job. one youtuber told his story bout his trading journey started when he lost his job and he turns to trading instead off looking for another job. to which he did look for a job but was rejected for a year.
he was unemployed then and still is unemployed today but he is trading. he is making money and manages his time.
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For those that don't engage in copy trading, trading can actually be a full time job and that's because it's actually more of a skill than a gamble of money like some people do say it is. 90% if not even all of the downsides to trading all trail back to losses and the more potential you profit is in terms of lot size and leverage, so also your potential losses tend to be.
People that have the opinion that trading is not a skill or can't actually as a full time job are mostly those that don't wish to settle down and take their time to understand the dynamics and behaviour of how the trading system works instead they view it as more of gambling.
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Trading often demands more time from individuals than any other activity they engage in. I have witnessed people who solely rely on trading for their livelihood because they have developed expertise in it and are earning significant profits. Many have chosen to leave their traditional jobs to become self-dependent through trading, as it often yields better financial returns.
I have heard stories of individuals quitting their jobs to pursue trading full-time. They seem genuinely happy with their decision, rarely complaining or paying attention to the opinions of others regarding their new career in trading.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
Well,at this period;i doubt if anyone still sees teading as"just for fun".just for Fun?A platform you earn good money? Big lol.
From the topoic,"traders are mot unemployed"refers to traders being employed right?
But employed by who? Well,you use your money as capital, someone doesn't stake their capital so you could earn a pranut share.Thats trading.i think we are basically unemployed cause no one employs you with their capital.
Then moving on to your retailing of the topic,what you're saying os just completely different because you talking about traders having a fairly stable income to support their investments.Meaning they use their capital right?
Your whole detailing is quite confusing really.
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I cannot blame people who say it's not real job because there are 'traders' who boast on social media how easy it is to make a profit. They say just spend a few minutes and then it's money. While that may be true to good traders or those who copy trades, people who works in the physical world would most likely still think that they live in social media.
Social media always prints different reality than what is, even good traders and copy traders can not be right all the time, it's wise imo if we consider what we see on social media as grain of salt, I find it overall better for my mental sanity too.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
Employment is whatever provides a person with an income, and as you stated, no one should work for another person before feeling like they have a job. After all, even if he works for someone, the person he works for does not work for anyone else, so is it reasonable to say that such a person is unemployed?
The perfect answer to the above question is no, because a business owner is self-employed. This is the same for a trader. As long as he makes a profit and is able to pay his bills from his trading, he is employed and will be classified as self-employed. However, due to the volatility of trading, traders must diversify.
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I guess employment is simply categorized with a legal way of making money to keep life going.
To me it doesn't matter how the job looks like, as much as it's a legal and positive way/medium of realizing wages.
On a critical view, trading as a job employment seems more easier, relaxing and less stressful when it comes to manpower/physical strength.
In most cases a trader even earns more than a worker who rely on monthly salary/wages. On a favorable day, a trader can realize alot of profit..., sometimes even consecutively... Though the market can be a kind of deceptive sometimes and the period of loss must definitely come, but as a trader, I think one must have gotten the skill and knowledge of managing risk.
On my point of view, it doesn't matter what people around say concerning what kind of job I handle, since I can obtain legit money from it... Then I'm good to go.
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Well, before now, I did think that trading is something that should only be taken as side hustle and not rely upon for a life time but from the experience I have gathered so far, trading is actually a greate difficult skill that can be properly learned by anyone that is determined to do so and can make money from it every day. While learning how to trade, it's improper to quite your job or rely on trading but it should only be relayed upon after you have master how to take profit daily from the market. From my experience in the market so far, I don't think it's difficult to collect at least 20% profit from the market every day. Imagine starting with $100 and taking 20% profit every day which is very very possible for an experience trader.
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As a trader, you're more like a normal business person, just that you don't leave your room or apartment. Trading gives you self freedom, a boss of your self, time and work flow. It is not mandatory to be employed by someone or work for someone, though it is necessary that you have other methods of acquiring income, cause the crypto market is not really friendly all the time, or you can't really take what you want all the time you wish.
For me, I think as a trader, more of your time is online. One can trade and have other activities that can fetch money online without working out of the apartment. The internet is filled with lots of ways for acquiring multiple stream of income. When the market becomes boring or no zeal/good entry point, one can switch to something else online.
Though, this could have some psychological effect on human relationship and behavior. Having almost all your time with the internet can reduce your real life performance amongst your peers.
To your question, Traders are self employed and a major thing that differentiate them from normal business people out there is that traders has freedom, they are no pinned down to a particular point. Which means you can be anywhere when you want.
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Well, before now, I did think that trading is something that should only be taken as side hustle and not rely upon for a life time but from the experience I have gathered so far, trading is actually a greate difficult skill that can be properly learned by anyone that is determined to do so and can make money from it every day. While learning how to trade, it's improper to quite your job or rely on trading but it should only be relayed upon after you have master how to take profit daily from the market. From my experience in the market so far, I don't think it's difficult to collect at least 20% profit from the market every day. Imagine starting with $100 and taking 20% profit every day which is very very possible for an experience trader.
Taking 20% profit from $100 capital in trading is something big, I only take 10% profit from the trading I do every day, even though sometimes I experience losses but my portfolio is still high and profitable because I will maximize the profit so that the losses I suffer can be covered.
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For me, I think as a trader, more of your time is online. One can trade and have other activities that can fetch money online without working out of the apartment. The internet is filled with lots of ways for acquiring multiple stream of income. When the market becomes boring or no zeal/good entry point, one can switch to something else online.
What is difficult to control is when the flexibility of time offered for the trading profession is actually misused and even many people lose control... traders do not fully learn and experiment all day long, but they also rest and cool their brains... the big problem is when they start to be lazy because of the benefits of flexible time from trading activities... and they actually miss many opportunities...
That is actually also included in the challenges....
In addition, why do traders tend not to be called workers or employees? Maybe the income is still small and cannot be recognized as a strong trader, so many doubt their profession... because growing into a trader cannot be done in just one night.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
Trading is one of the best profitable crypto in cryptocurrency market. But i think that it’s not an employee. So i am also agree with your best valuable comment. We also believe that we can earn best profit from crypto trading system. But if we cannot understand in trading system, then it will be very risky for us. So we also see that many investors could be losses his asset from crypto trading system. Because they could not understand in trading. So i think that trading will be one time free earning source in cryptocurrency market.
I had once made a post concerning trading as job or a career on a related topic, and again, I will also emphasize that Crypto trading is a job in as much as you are earning consistent income from it to take care your needs in life.
Now, what is a job? A specific activity that one does to earn a leaving, it is in line with one's profession or occupation.
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What is difficult to control is when the flexibility of time offered for the trading profession is actually misused and even many people lose control... traders do not fully learn and experiment all day long, but they also rest and cool their brains... the big problem is when they start to be lazy because of the benefits of flexible time from trading activities... and they actually miss many opportunities...
If they become lazy because of the flexibility of time, it means they aren't professional traders. When someone consider trading as their jobs, they must optimize the chance of getting profits and never think to waste time in trading. They also will keep learning everyday, even they learn from a small matter. This is how professional traders will do in trading. But if people only trade for fun, they don't consider it as a job.
In addition, why do traders tend not to be called workers or employees? Maybe the income is still small and cannot be recognized as a strong trader, so many doubt their profession... because growing into a trader cannot be done in just one night.
It depends on your capital. If you use thousands of dollars, you must be possible to get big profits daily in trading. I'm sure you won't use small capital when you consider trading as your main job. People only use small capital in trading because they consider it as a side job or a fun activity.
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- For me trading is a business, so as a trader you own a business here in this field of industry. Your product here is crypto assets, because the business here is you buying crypto assets that you think will increase in price in the future at a low price.
In short, this is a business where the market or the buyers and sellers are not the problem, the beauty here is that there is actually no hassle, you are not pressured here, just don't jump into futures trading without having enough knowledge about trading.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
That's why I suggest we must do an easy job that is not too stressful if we want to trade not because of this reason alone that others will say hey this person is doing a real job but because another job or business can be a stable source of income because we know via trading we can't make stable income even we can't make profit in bull season sometimes.
Trading is a game of patience sometimes we have to keep patience to take an entry and it can take days and day traders and scalpers are mostly on future trading so there is always risk of losing it all. So it's just so stressful that's why I will suggest to anyone to gave a side source of income if you have enough money then start business otherwise do easy Job.
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- For me trading is a business, so as a trader you own a business here in this field of industry. Your product here is crypto assets, because the business here is you buying crypto assets that you think will increase in price in the future at a low price.
In short, this is a business where the market or the buyers and sellers are not the problem, the beauty here is that there is actually no hassle, you are not pressured here, just don't jump into futures trading without having enough knowledge about trading.
Its not business literally but it is really that in line with it since we are talking about holding and selling it out when the right time comes. The primary target we do have is to make profits and trading could really be giving out that kind of chances to make profits. Somehow it will be not advisable that you do deal up with futures trading because this is far more risky than with spot one. Expect the unexpected when it comes to situations that do happen into this market because everything will really be that totally unpredictable. Once you do able to have that good grasps on taking up such this skill then this is something that will really be making you have that opportunity that could freed you on having that 8-9 job.
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There's no better way to be employed than to be self employed through trading. The benefits of self employment is that you're your own oga. You can manage your time yourself and your are often not under any pressure to meet a certain target neither will you be faced with the threats of sack all the time. Trading is honourable because it is a legal way of making money.
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- For me trading is a business, so as a trader you own a business here in this field of industry. Your product here is crypto assets, because the business here is you buying crypto assets that you think will increase in price in the future at a low price.
In short, this is a business where the market or the buyers and sellers are not the problem, the beauty here is that there is actually no hassle, you are not pressured here, just don't jump into futures trading without having enough knowledge about trading.
For me, it depends on how good at trading a trader is. If a trader can make money regularly or can sustain his daily needs just by trading then we can call that it's business for him. Because when talking about business, you can make money with no boss but you. If a trader is not yet profitable, and have a problem with his emotion, and can't stick to his trading plan, we can't call that as a business for him. If he keeps on trading without fixing that problem it's called gambling.
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For me, it depends on how good at trading a trader is. If a trader can make money regularly or can sustain his daily needs just by trading then we can call that it's business for him. Because when talking about business, you can make money with no boss but you. If a trader is not yet profitable, and have a problem with his emotion, and can't stick to his trading plan, we can't call that as a business for him. If he keeps on trading without fixing that problem it's called gambling.
+1... As long as it can't provide benefits, and still depends on luck alone, it's really gambling... we can see that gambling doesn't always win, so it really makes a loss... almost the same as trading activities, where when trading activities can't provide stable income, it really can't be considered a valid business or job... it could be that he is still in the learning stage, and everyone has different abilities in learning... someone can quickly learn and understand something, while others are too slow for that.
I agree with you, sir.. other people judge us by the results, only a few accept the process... because the results are a reflection of what we really do, whether it can be used as a business or just stop at the learning stage.
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I agree with you, sir.. other people judge us by the results, only a few accept the process... because the results are a reflection of what we really do, whether it can be used as a business or just stop at the learning stage.
That's the reality in this world we lived in, they respect you based on your wealth or what kind of person you are. So since we can't control them, we should focus on our business and never mind what would they think of us. It's just a waste of time. Instead, we just focus on trading no matter what they say, your hard work will pay off in the right time.
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I'm also thinking that the trading is easy way to earn money but trading also test our emotions while doing the positions in market so always do proper risk management while doing trading. We have to some techniques or strict notes for trading so we can control ourselves.
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For me, it depends on how good at trading a trader is. If a trader can make money regularly or can sustain his daily needs just by trading then we can call that it's business for him. Because when talking about business, you can make money with no boss but you. If a trader is not yet profitable, and have a problem with his emotion, and can't stick to his trading plan, we can't call that as a business for him. If he keeps on trading without fixing that problem it's called gambling.
Well said! All it takes for a trader to be able to claim trading as a job is for him to have completed his homework and understand the basics of trading and how to generate steady profits from it. Despite the fact that most people believe that traders are employed, not all of them are making profit. For traders to be able to turn trading into a source of income, it is crucial that they master the art of trading.
This mastery puts the trader in a position where he can make money from trading, and since he is certain to be consistently profiting a trader can then choose to concentrate on trading as a means of surviving. The advantage of trading is that you have complete control over your trading style and timing, so you do not have to work under pressure to please boss as you mentioned.
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I'm also thinking that the trading is easy way to earn money but trading also test our emotions while doing the positions in market so always do proper risk management while doing trading. We have to some techniques or strict notes for trading so we can control ourselves.
If you have good knowledge in trading, you may assume trading is easy to do. However, many people assume trading is difficult because it requires good analysis in selecting the coins and knows well the time for buying-selling. And we don't forget that we must understand well the strategy for trading effectively. So, it is not only about controlling our emotion, the ability in trading is very crucial as well.
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I agree with you, sir.. other people judge us by the results, only a few accept the process... because the results are a reflection of what we really do, whether it can be used as a business or just stop at the learning stage.
That's the reality in this world we lived in, they respect you based on your wealth or what kind of person you are. So since we can't control them, we should focus on our business and never mind what would they think of us. It's just a waste of time. Instead, we just focus on trading no matter what they say, your hard work will pay off in the right time.
We don't always have to care about what people say because in our lives that meet our own needs, we should have income in the right way and without caring what people think about our lives.
We have to focus and always fight, because what makes us survive is how to get income in the right way. And investing in crypto is one of the ways I choose because it is very profitable.
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We don't always have to care about what people say because in our lives that meet our own needs, we should have income in the right way and without caring what people think about our lives.
We have to focus and always fight, because what makes us survive is how to get income in the right way. And investing in crypto is one of the ways I choose because it is very profitable.
Indeed. We can't make happy all people, we must prioritize ourselves. Trading is a good profession, traders don't steal people money. So, we can ignore people bad assumption, we just go with our trading activities. If we really consider trading as our main job, we must focus on trading and keep improving our knowledge. We also can do crypto investment as well, it is true that crypto investment quite profitable.
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Indeed. We can't make happy all people, we must prioritize ourselves. Trading is a good profession, traders don't steal people money. So, we can ignore people bad assumption, we just go with our trading activities. If we really consider trading as our main job, we must focus on trading and keep improving our knowledge. We also can do crypto investment as well, it is true that crypto investment quite profitable.
If you keep taking the bad assumption from other people who thinks they are traders, it gives negative confidence and will affect our trading activities, like it gives you confusion and a bad decision when it comes to taking a position.
That's why we need to focus on ourselves and learn more about the market and technical analysis We don't need many videos from YouTube just to learn their own strategy; we should learn it first on our own because if you do a backtest, you should notice not all strategies works, the same, but with a bit modification and improvement to the strategy, you can become a profitable trader that you can live unemployed.
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I agree with you, sir.. other people judge us by the results, only a few accept the process... because the results are a reflection of what we really do, whether it can be used as a business or just stop at the learning stage.
That's the reality in this world we lived in, they respect you based on your wealth or what kind of person you are. So since we can't control them, we should focus on our business and never mind what would they think of us. It's just a waste of time. Instead, we just focus on trading no matter what they say, your hard work will pay off in the right time.
We don't always have to care about what people say because in our lives that meet our own needs, we should have income in the right way and without caring what people think about our lives.
We have to focus and always fight, because what makes us survive is how to get income in the right way. And investing in crypto is one of the ways I choose because it is very profitable.
Spending our time in crypto is also a way to avoid such things in life. Because people can't see what we are doing because we are only focused on our pc. If we don't say what we do in crypto, they can't say anything bad about what we do. The things they can only see are the only things they can say. So we are thankful because there is crypto to avoid such things. Anonymity can help a lot, not only to protect ourselves from strangers but also from our relatives and friends.
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Spending our time in crypto is also a way to avoid such things in life. Because people can't see what we are doing because we are only focused on our pc. If we don't say what we do in crypto, they can't say anything bad about what we do. The things they can only see are the only things they can say. So we are thankful because there is crypto to avoid such things. Anonymity can help a lot, not only to protect ourselves from strangers but also from our relatives and friends.
Yeah anonymity helps us a lot, because our existence doesn't need to be known by others. And our assets are known, what we do other people don't need to know either.
in the crypto world we can focus on doing what we can do for example becoming a trader, we can do it without being known by others including our friends and neighbors.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
trading is an unemployed business,is as working from home or earning from home.
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I agree with you, sir.. other people judge us by the results, only a few accept the process... because the results are a reflection of what we really do, whether it can be used as a business or just stop at the learning stage.
That's the reality in this world we lived in, they respect you based on your wealth or what kind of person you are. So since we can't control them, we should focus on our business and never mind what would they think of us. It's just a waste of time. Instead, we just focus on trading no matter what they say, your hard work will pay off in the right time.
We don't always have to care about what people say because in our lives that meet our own needs, we should have income in the right way and without caring what people think about our lives.
We have to focus and always fight, because what makes us survive is how to get income in the right way. And investing in crypto is one of the ways I choose because it is very profitable.
- Having focus is a huge contribution that can help us, especially if you want to learn trading. Because if it is learned properly and correctly, it is guaranteed to benefit trading in the long-term.
Then another thing, this is a business that should really be taken care of and studied because it can really give us passive income. As a trader, you also don't have a boss here, you are the boss, because you are in control of your time here. We can trade anytime we want. So it's unlikely that we can be called employed here.
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There's no better way to be employed than to be self employed through trading. The benefits of self employment is that you're your own oga. You can manage your time yourself and your are often not under any pressure to meet a certain target neither will you be faced with the threats of sack all the time.
And then look at the disadvantages:
- you get no days off, you need to work when there are events and you might work all day and have a loss
- you don't have paid leave
- you have no benefits, no health insurance no contribution to your retirement, you need to pay that out of your pockets
- you'd have zero guarantee you will actually have a profit at the end of the month
- unlike a job you can actually lose money with it
- getting sacked, no problem, I can claim unemployment benefits, a self-employed trader can't
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Whatever you do your own be it trading or not as long as you are receiving payment from it be it business or not, you are self employed. Therefore why should anyone classified as unemployed people, yes they can be unemployed but they are self employed, to normal people who sees themselves as people who are working under company or people seems themselves as employed people because they are going out in the morning and coming back in evening or normal closing hours and they calls themselves employed people.
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Whatever you do your own be it trading or not as long as you are receiving payment from it be it business or not, you are self employed. Therefore why should anyone classified as unemployed people, yes they can be unemployed but they are self employed, to normal people who sees themselves as people who are working under company or people seems themselves as employed people because they are going out in the morning and coming back in evening or normal closing hours and they calls themselves employed people.
Indeed, even when an ordinary small farmer in the village, who does not get their income daily, only seasonally, and they continue to do their farming work, they are not unemployed, they are a farmer.
moreover people who earn income from crypto, which clearly has efforts and we also do work, then we are not unemployed. Unemployment is when someone really does not have a job and is not doing a job.
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We don't always have to care about what people say because in our lives that meet our own needs, we should have income in the right way and without caring what people think about our lives.
We have to focus and always fight, because what makes us survive is how to get income in the right way. And investing in crypto is one of the ways I choose because it is very profitable.
Indeed. We can't make happy all people, we must prioritize ourselves. Trading is a good profession, traders don't steal people money. So, we can ignore people bad assumption, we just go with our trading activities. If we really consider trading as our main job, we must focus on trading and keep improving our knowledge. We also can do crypto investment as well, it is true that crypto investment quite profitable.
I don't think it is good for anyone to take trading as his main job because it's not guarantee to give your profit regularly. Trading should be a side hustle, and we need our primary jobs to than is reliable to carter for our needs, while we should invest the extra we have in a long-term bitcoin investment.
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The source of the word is "Trader", which is called a trader must have capital. So, I think traders in this cryptocurrency are not unemployed. I think those who say cryptocurrency traders are unemployed are those who do not understand how cryptocurrency works.
Bitcoin when the price is 3 dollars also by having 10 Bitcoin means having a capital of around 30 dollars. That capital is an asset for traders to be able to trade Bitcoin or their assets. So, traders in this cryptocurrency are not unemployed, in fact they are their own bosses because they have their own capital or assets too.
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We don't always have to care about what people say because in our lives that meet our own needs, we should have income in the right way and without caring what people think about our lives.
We have to focus and always fight, because what makes us survive is how to get income in the right way. And investing in crypto is one of the ways I choose because it is very profitable.
Indeed. We can't make happy all people, we must prioritize ourselves. Trading is a good profession, traders don't steal people money. So, we can ignore people bad assumption, we just go with our trading activities. If we really consider trading as our main job, we must focus on trading and keep improving our knowledge. We also can do crypto investment as well, it is true that crypto investment quite profitable.
I don't think it is good for anyone to take trading as his main job because it's not guarantee to give your profit regularly. Trading should be a side hustle, and we need our primary jobs to than is reliable to carter for our needs, while we should invest the extra we have in a long-term bitcoin investment.
Totally risky move on which we do know that when it comes on learning up a trading skill then you will be definitely be needing up that main consideration on trying to grasps on everything because this isnt a skill that you can learn on a short period of time. We do know on how its important that you will really be that needing to earn money for us to survive on day to day basis on which means that you will really be needing up some work for you to be able to survive. Also, not all traders are considered unemployed too on which we know that there are certain type of traders whose really that making up their trading as their side income on which this isnt really that bad either.
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I don't think it is good for anyone to take trading as his main job because it's not guarantee to give your profit regularly. Trading should be a side hustle, and we need our primary jobs to than is reliable to carter for our needs, while we should invest the extra we have in a long-term bitcoin investment.
It can be a main source of income only if you - live - by trading and are absolutely dedicated to making your life with it.
But alas, the more stable option is to make it a side hustle.
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Whatever you do your own be it trading or not as long as you are receiving payment from it be it business or not, you are self employed.
You're self-employed only when you run a business of your own.
Receiving payments from a company or a person for services doesn't make you self-employed and an independent contractor or a sole trader does not fall in this category. A common misconception, but in order to be self-employed you must actually work for somebody, in this case, your own business.
So, I think traders in this cryptocurrency are not unemployed. I think those who say cryptocurrency traders are unemployed are those who do not understand how cryptocurrency works.
So the English language was wrong for 2000 years because of crypto
https://dictionary.cambridge.org/dictionary/english/employed
having a job working for a company or another person
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The source of the word is "Trader", which is called a trader must have capital. So, I think traders in this cryptocurrency are not unemployed. I think those who say cryptocurrency traders are unemployed are those who do not understand how cryptocurrency works.
Bitcoin when the price is 3 dollars also by having 10 Bitcoin means having a capital of around 30 dollars. That capital is an asset for traders to be able to trade Bitcoin or their assets. So, traders in this cryptocurrency are not unemployed, in fact they are their own bosses because they have their own capital or assets too.
- Trader in general terms is actually very broad, because the trading category can be online and offline, and there are many things that can be traded, if in physical trading there are those that we can trade in the agriculture category, buy and sell vehicles and so on.
Then in online there are stocks that are all currencies in the world and other big companies you can also see there, then this cryptocurrency/bitcoin. So if here in bitcoin or crypto it seems difficult to categorize it as unemployed level.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
If you're a trader and really knows how to trade, then there is nothing to look around for anymore in seeking for employment once the knowledge you have in trading can help fetch you the required resources to earn a living over time, you will be self employed with trade, you will determine to what extent you're going to make profits and how you're going to get it all done without any ones permission or influence.
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If you're a trader and really knows how to trade, then there is nothing to look around for anymore in seeking for employment once the knowledge you have in trading can help fetch you the required resources to earn a living over time, you will be self employed with trade, you will determine to what extent you're going to make profits and how you're going to get it all done without any ones permission or influence.
Trading in crypto is not easy and I am not a professional trader, I only trade when I have free time to trade, because I have a real world job that I can't leave because I have a family that I have to fulfill their needs. Maybe I am not an expert in trading that's why I still need a real world job.
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If you're a trader and really knows how to trade, then there is nothing to look around for anymore in seeking for employment once the knowledge you have in trading can help fetch you the required resources to earn a living over time, you will be self employed with trade, you will determine to what extent you're going to make profits and how you're going to get it all done without any ones permission or influence.
Trading in crypto is not easy and I am not a professional trader, I only trade when I have free time to trade, because I have a real world job that I can't leave because I have a family that I have to fulfill their needs. Maybe I am not an expert in trading that's why I still need a real world job.
No one can ever make his living through trading and can do it all his life because there is no fixed income so a person must have a source of passive income and they can trade as well if they have that amount of money and time. And of course for trading you need to gain knowledge about this. to profit from trading one must have patience and analytical skills and the ability to control one's emotions. And these things are not present in everyone due to which not everyone gets something good from trading
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So if here in bitcoin or crypto it seems difficult to categorize it as unemployed level.
If you're not unemployed then you must be employed!
Who is your employer when you're a trader?
So you pay health insurance, security, pension, and unemployment charges? Then you're simply not employed!
Why make it about crypto or stocks when it's the same, a freelancer is not an employed person unless he is self-employed, so as long as you don't have a company in which you work as your own boss you're still unemployed!
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No one can ever make his living through trading and can do it all his life because there is no fixed income so a person must have a source of passive income and they can trade as well if they have that amount of money and time. And of course for trading you need to gain knowledge about this. to profit from trading one must have patience and analytical skills and the ability to control one's emotions. And these things are not present in everyone due to which not everyone gets something good from trading
Actually, I think when a person want to start trading and also have plan for taking trading as a career. He must have an earning source before starting trading or learning trading. And that can be anything like be as a employee on any company or from your business or freelancing. And it should be till that time when you will able to learn and earn that much amount which is much bigger from your current earning.
And then a trader like you will be the self employed.
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No one can ever make his living through trading and can do it all his life because there is no fixed income so a person must have a source of passive income and they can trade as well if they have that amount of money and time. And of course for trading you need to gain knowledge about this. to profit from trading one must have patience and analytical skills and the ability to control one's emotions. And these things are not present in everyone due to which not everyone gets something good from trading
Actually, I think when a person want to start trading and also have plan for taking trading as a career. He must have an earning source before starting trading or learning trading. And that can be anything like be as a employee on any company or from your business or freelancing. And it should be till that time when you will able to learn and earn that much amount which is much bigger from your current earning.
And then a trader like you will be the self employed.
Dont make trading as your last resort when it comes on living or having some income because this isnt something that you could be able to have that kind of assurance that you can make money into the time that you do make up trades. We do know that when it comes into this aspect on which the market is really that totally unpredictable and there's no way that you can be able to tell on where it would be going. On the time that you are fully relying yourself on trading profits with your daily living then this is something that will really be that too risky not unless if you are that really profitable then it will really be that up to you on how you do deal up with things according. This is why it is really that important that you should be knowing at least on what you are dealing and on what are the probabilities.
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If you're a trader and really knows how to trade, then there is nothing to look around for anymore in seeking for employment once the knowledge you have in trading can help fetch you the required resources to earn a living over time, you will be self employed with trade, you will determine to what extent you're going to make profits and how you're going to get it all done without any ones permission or influence.
Trading in crypto is not easy and I am not a professional trader, I only trade when I have free time to trade, because I have a real world job that I can't leave because I have a family that I have to fulfill their needs. Maybe I am not an expert in trading that's why I still need a real world job.
- I agree that crypto trading is not easy to do, that's why it's important to have some knowledge, because if others have knowledge and ideas about trading then in the end it gets stressful how much more so those who only know a little about trading like here in the field of cryptocurrency business.
Although, like you, we are not experts either, we just have knowledge and understanding of trading strategies and indicators,
because this is really important for a trader.
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Dont make trading as your last resort when it comes on living or having some income because this isnt something that you could be able to have that kind of assurance that you can make money into the time that you do make up trades. We do know that when it comes into this aspect on which the market is really that totally unpredictable and there's no way that you can be able to tell on where it would be going. On the time that you are fully relying yourself on trading profits with your daily living then this is something that will really be that too risky not unless if you are that really profitable then it will really be that up to you on how you do deal up with things according. This is why it is really that important that you should be knowing at least on what you are dealing and on what are the probabilities.
Well said.
I also want to mean that if we want to do trade we must have assurance about funds for cover up the emergency situation so that you will not take your hand on your holding or trading fund and as we know when we want to do short-term trading in altcoin there was big risk and so we need always invest here that much which will not affected much in about financial system. Yes in starting must need a earning source.
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Well said.
I also want to mean that if we want to do trade we must have assurance about funds for cover up the emergency situation so that you will not take your hand on your holding or trading fund and as we know when we want to do short-term trading in altcoin there was big risk and so we need always invest here that much which will not affected much in about financial system. Yes in starting must need a earning source.
That is something we have to think about from the beginning, because many people end up having problems in the middle of the road because they are not very well prepared.
For example, someone invests in bitcoin, and we know that investing in bitcoin is a very good thing to do. But the market will not be friendly forever, so there are times when we have to wait longer. Now the problem is when they need money suddenly and they don't have any reserve funds to use and in the end they are forced to sell bitcoin at a loss.
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That is something we have to think about from the beginning, because many people end up having problems in the middle of the road because they are not very well prepared.
For example, someone invests in bitcoin, and we know that investing in bitcoin is a very good thing to do. But the market will not be friendly forever, so there are times when we have to wait longer. Now the problem is when they need money suddenly and they don't have any reserve funds to use and in the end they are forced to sell bitcoin at a loss.
I want to make you understand this. Even though Bitcoin is the most trustworthy and has a potential market, it still contains risk. And the main reason for this is its volatility. If it did not have volatility, then the situation would have been different. However, since there is volatility, we have to invest in such a way that we do not become dependent on our investment in an emergency situation. I have seen many such people who have invested most of their earnings in Bitcoin and later had to sell Bitcoin for some emergency even though they lost money.
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If you're a trader and really knows how to trade, then there is nothing to look around for anymore in seeking for employment once the knowledge you have in trading can help fetch you the required resources to earn a living over time, you will be self employed with trade, you will determine to what extent you're going to make profits and how you're going to get it all done without any ones permission or influence.
Trading in crypto is not easy and I am not a professional trader, I only trade when I have free time to trade, because I have a real world job that I can't leave because I have a family that I have to fulfill their needs. Maybe I am not an expert in trading that's why I still need a real world job.
Yes, anyone with real job may ignore trading because of time factors. Trading is actually a time consuming activity and it requires good knowledge and experiences to consistently earn good profit over times.
I must say that trading is profitable especially if you have the necessary experiences to navigate the market. In my opinion, i think that trading can be career or a job especially if it provides a daily income.
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Well said.
I also want to mean that if we want to do trade we must have assurance about funds for cover up the emergency situation so that you will not take your hand on your holding or trading fund and as we know when we want to do short-term trading in altcoin there was big risk and so we need always invest here that much which will not affected much in about financial system. Yes in starting must need a earning source.
Trading responsibly is half of the success in the pocket.
Another half comes from just learning, trading, and adjusting to what happens on your daily sessions.
I agree with your statement about emergency funds as well, it's wonderful to have backups once you understand what you are dealing with.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
To keep it short and not over-complicate this simple thing I will say anyone who thinks trading is not job will not go far in trading, because trading is a business and one that actually needs a lot of planning also capital to start, it just has the same concept as any other business out there
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Dont make trading as your last resort when it comes on living or having some income because this isnt something that you could be able to have that kind of assurance that you can make money into the time that you do make up trades. We do know that when it comes into this aspect on which the market is really that totally unpredictable and there's no way that you can be able to tell on where it would be going. On the time that you are fully relying yourself on trading profits with your daily living then this is something that will really be that too risky not unless if you are that really profitable then it will really be that up to you on how you do deal up with things according. This is why it is really that important that you should be knowing at least on what you are dealing and on what are the probabilities.
Well said.
I also want to mean that if we want to do trade we must have assurance about funds for cover up the emergency situation so that you will not take your hand on your holding or trading fund and as we know when we want to do short-term trading in altcoin there was big risk and so we need always invest here that much which will not affected much in about financial system. Yes in starting must need a earning source.
When dealing up into something then always be considerate about having that a couple of source of income on which it should be that ideal that you do really make out that kind consideration. We do know that dealing up with this market then it will really be that totally undepredictable and just like on what i have said that not all traders are unemployed on which there are ones who do make this as their side income or hassle but there are actually those people who are really making this as their main income source. So it will really be just that depending on how you do act out into the things that you are really that into.
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That is something we have to think about from the beginning, because many people end up having problems in the middle of the road because they are not very well prepared.
For example, someone invests in bitcoin, and we know that investing in bitcoin is a very good thing to do. But the market will not be friendly forever, so there are times when we have to wait longer. Now the problem is when they need money suddenly and they don't have any reserve funds to use and in the end they are forced to sell bitcoin at a loss.
I want to make you understand this. Even though Bitcoin is the most trustworthy and has a potential market, it still contains risk. And the main reason for this is its volatility. If it did not have volatility, then the situation would have been different. However, since there is volatility, we have to invest in such a way that we do not become dependent on our investment in an emergency situation. I have seen many such people who have invested most of their earnings in Bitcoin and later had to sell Bitcoin for some emergency even though they lost money.
I think it's the same as what I said before sir, maybe I didn't say the risk before but that doesn't mean there is no risk. So I explained more at length why we always have to be careful.
I think all of us here agree that everything in anything has a risk, be it a big or small risk, we ourselves must understand how to minimize the risk and I think there has been a lot of knowledge or experience shared here.
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I think it's the same as what I said before sir, maybe I didn't say the risk before but that doesn't mean there is no risk. So I explained more at length why we always have to be careful.
I think all of us here agree that everything in anything has a risk, be it a big or small risk, we ourselves must understand how to minimize the risk and I think there has been a lot of knowledge or experience shared here.
Yeap you are right.
When we invest in any small or big thing, we must keep one thing in mind that whether it is crypto or the others things there will definitely be risk in those things.
But we have to choose the right paths with our skills and knowledge and only then we will be successful and face profit. Otherwise, just depending on the hype and investing in a coin, it cannot be an ideal investment.
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That is something we have to think about from the beginning, because many people end up having problems in the middle of the road because they are not very well prepared.
For example, someone invests in bitcoin, and we know that investing in bitcoin is a very good thing to do. But the market will not be friendly forever, so there are times when we have to wait longer. Now the problem is when they need money suddenly and they don't have any reserve funds to use and in the end they are forced to sell bitcoin at a loss.
I want to make you understand this. Even though Bitcoin is the most trustworthy and has a potential market, it still contains risk. And the main reason for this is its volatility. If it did not have volatility, then the situation would have been different. However, since there is volatility, we have to invest in such a way that we do not become dependent on our investment in an emergency situation. I have seen many such people who have invested most of their earnings in Bitcoin and later had to sell Bitcoin for some emergency even though they lost money.
I think it's the same as what I said before sir, maybe I didn't say the risk before but that doesn't mean there is no risk. So I explained more at length why we always have to be careful.
I think all of us here agree that everything in anything has a risk, be it a big or small risk, we ourselves must understand how to minimize the risk and I think there has been a lot of knowledge or experience shared here.
- I get your point of view on why we need to be careful in conducting trading activities and that is because of the high level of volatility of cryptocurrencies and at least in bitcoin, at least we can minimize the risk compared to alts.
So it is only right that we remind the community traders here in the crypto space. Although it is not our obligation but it is still good for them to be aware of such things.
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Yeap you are right.
When we invest in any small or big thing, we must keep one thing in mind that whether it is crypto or the others things there will definitely be risk in those things.
But we have to choose the right paths with our skills and knowledge and only then we will be successful and face profit. Otherwise, just depending on the hype and investing in a coin, it cannot be an ideal investment.
Simple solution - invest in Bitcoin, not trade with it. Long-term hodling.
Risk is minimal if you know how it behaves on the market. That's the easiest way without trading new flashy coins.
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I cannot blame people who say it's not real job because there are 'traders' who boast on social media how easy it is to make a profit. They say just spend a few minutes and then it's money. While that may be true to good traders or those who copy trades, people who works in the physical world would most likely still think that they live in social media.
Actually those who boast in social networks and said that crypto trading is a easy may be right to some extent, though it unnecessary to boast in social networks about your crypto earnings, you might be exposed to unknown enemy in your region.
Now, boasting with crypto on social networks about profits on crypto trading by some people can be realistic. There are reason that make it look so simple by can be attributed to the following
1. High knowledge and Experienced
2. Very good Capital
3. No emotions/patience
Traders who has acquired trading knowledge with experiences of the market may boast of their profits on social networks.
Again, Traders with huge capital has the potential to boast of big earnings everyday, this is the aspect that has help many traders, especially the day traders to succeed.
Traders without emotional feelings on the market are always have successful. Most times, patience can help traders to maximize their profits.
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Yeap you are right.
When we invest in any small or big thing, we must keep one thing in mind that whether it is crypto or the others things there will definitely be risk in those things.
But we have to choose the right paths with our skills and knowledge and only then we will be successful and face profit. Otherwise, just depending on the hype and investing in a coin, it cannot be an ideal investment.
Simple solution - invest in Bitcoin, not trade with it. Long-term hodling.
Risk is minimal if you know how it behaves on the market. That's the easiest way without trading new flashy coins.
We do know that not all will really be just that sitting and wont really be doing anything at the moment or time that they do invest with Bitcoin on which on the moment that they will really be having just that investment then there are those who do really wanted up that they will be that liking to see profits in short time basis on which simply means that they will really be needing up to consider out on having that kind of approach on which you will be definitely be facing up that much more risk rather or in compared when it comes to holding. Each person will be that different when it comes into this aspect on which there are ones who are risks takers and there are ones who do want to stick into much safer condition.
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I think it's the same as what I said before sir, maybe I didn't say the risk before but that doesn't mean there is no risk. So I explained more at length why we always have to be careful.
I think all of us here agree that everything in anything has a risk, be it a big or small risk, we ourselves must understand how to minimize the risk and I think there has been a lot of knowledge or experience shared here.
Yeap you are right.
When we invest in any small or big thing, we must keep one thing in mind that whether it is crypto or the others things there will definitely be risk in those things.
But we have to choose the right paths with our skills and knowledge and only then we will be successful and face profit. Otherwise, just depending on the hype and investing in a coin, it cannot be an ideal investment.
And after knowing the risks, then we must be able to take risks. Because courage is the first step to bring us to profit. But we also should not be surprised when we have to feel many things that make our mentality slightly decrease.
Because in a journey, we cannot just hope for a straight road, we must be ready to face every bend left or right, or uphill or downhill.
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And after knowing the risks, then we must be able to take risks. Because courage is the first step to bring us to profit. But we also should not be surprised when we have to feel many things that make our mentality slightly decrease.
Because in a journey, we cannot just hope for a straight road, we must be ready to face every bend left or right, or uphill or downhill.
In my personal point of view I think about when should we take the risk? Then my answer will be like this when we were able to say on our learning phase that why we face losses in our trade and also how we get the profit on a trade.
I think that people who will be able to know this those people were also able for taking risk on trade. Because even then there will be much risk but they have also skill to have profit.
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I think it's the same as what I said before sir, maybe I didn't say the risk before but that doesn't mean there is no risk. So I explained more at length why we always have to be careful.
I think all of us here agree that everything in anything has a risk, be it a big or small risk, we ourselves must understand how to minimize the risk and I think there has been a lot of knowledge or experience shared here.
Yeap you are right.
When we invest in any small or big thing, we must keep one thing in mind that whether it is crypto or the others things there will definitely be risk in those things.
But we have to choose the right paths with our skills and knowledge and only then we will be successful and face profit. Otherwise, just depending on the hype and investing in a coin, it cannot be an ideal investment.
And after knowing the risks, then we must be able to take risks. Because courage is the first step to bring us to profit. But we also should not be surprised when we have to feel many things that make our mentality slightly decrease.
Because in a journey, we cannot just hope for a straight road, we must be ready to face every bend left or right, or uphill or downhill.
- You are right in saying this, success in trading is not really a straight line, instead we will face many failures and disappointments here.
That is why others always say that we should manage what is called risk management correctly so that it does not hurt us too much when we encounter losses in our trading activity.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
I think trading is not a job. We know cryptocurrency market is always unpredictable. Profit and loss both available in trading. Trading always uncertain and job is certain. It also true that traders are not Unemployed but earning from trading is not certain.
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- You are right in saying this, success in trading is not really a straight line, instead we will face many failures and disappointments here.
That is why others always say that we should manage what is called risk management correctly so that it does not hurt us too much when we encounter losses in our trading activity.
risk management is very much needed in investment, especially if we do trading. this is very important because we are faced with short and medium term risks.
While being a holder, we only need to choose a coin that is poiytensil to hold for the long term, such as bitcoin.
trading requires experience and success in trading is not instant, it takes a long time to become an expert.
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- You are right in saying this, success in trading is not really a straight line, instead we will face many failures and disappointments here.
That is why others always say that we should manage what is called risk management correctly so that it does not hurt us too much when we encounter losses in our trading activity.
Yeap, I won't disagree with your opinion.
Because even how most we don't want to face loss while we are jump into trading it is also should accept that we will have faced losses for our mistake. This will not make us completely discouraged, but rather we will learn from our mistakes and take steps to avoid making those mistakes again in the future.
Here, you will have the opportunity to learn a lot, not only about risk management.
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- You are right in saying this, success in trading is not really a straight line, instead we will face many failures and disappointments here.
That is why others always say that we should manage what is called risk management correctly so that it does not hurt us too much when we encounter losses in our trading activity.
Yeap, I won't disagree with your opinion.
Because even how most we don't want to face loss while we are jump into trading it is also should accept that we will have faced losses for our mistake. This will not make us completely discouraged, but rather we will learn from our mistakes and take steps to avoid making those mistakes again in the future.
Here, you will have the opportunity to learn a lot, not only about risk management.
Yeah everyone wants profit in trading, although sometimes we make mistakes that cause losses. but as you said we have to learn from those mistakes so we can trade by making analysis and developing strategies properly. In trading we have to learn a lot and not just risk management. because emotional management is also needed in trading.
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Yeah everyone wants profit in trading, although sometimes we make mistakes that cause losses. but as you said we have to learn from those mistakes so we can trade by making analysis and developing strategies properly. In trading we have to learn a lot and not just risk management. because emotional management is also needed in trading.
Here I want to also say that facing losses in trading was not a sin as we look it, but it will be become a sin to you when you will face it again and again and you don't learn anything from it.
I have sawn lots of professional trader they make statement like this that they have faced lots of fund which can be a total earn of a common middle class man. But they have the skill for recover that loss. But those people like we don't know analysis but take trade again and again and even face loss we don't try to know how we face that loss.
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- You are right in saying this, success in trading is not really a straight line, instead we will face many failures and disappointments here.
That is why others always say that we should manage what is called risk management correctly so that it does not hurt us too much when we encounter losses in our trading activity.
Yeap, I won't disagree with your opinion.
Because even how most we don't want to face loss while we are jump into trading it is also should accept that we will have faced losses for our mistake. This will not make us completely discouraged, but rather we will learn from our mistakes and take steps to avoid making those mistakes again in the future.
Here, you will have the opportunity to learn a lot, not only about risk management.
Yeah everyone wants profit in trading, although sometimes we make mistakes that cause losses. but as you said we have to learn from those mistakes so we can trade by making analysis and developing strategies properly. In trading we have to learn a lot and not just risk management. because emotional management is also needed in trading.
You're definitely right one of the few things that contributes to lose when it comes to trading has to do with the mentality of the trader because if a trader is not mentally stable and face the reality of trading and is always profit oriented such a trader is likely to record lose in trading this is the more reason that traders should go into trading with the right mindset because with the right mindset one can be able to analyze the movement of the market and come up with quick decisions wether the market is favoring or not
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You're definitely right one of the few things that contributes to lose when it comes to trading has to do with the mentality of the trader because if a trader is not mentally stable and face the reality of trading and is always profit oriented such a trader is likely to record lose in trading this is the more reason that traders should go into trading with the right mindset because with the right mindset one can be able to analyze the movement of the market and come up with quick decisions wether the market is favoring or not
Actually, if someone wants to take trading as his career, then he should take entry here like that way. He should first learn trading analysis by setting his target and goal and then he can hire a mentor as he needs to know money management and self control on trading. So that he will not only get important advice but also will be able to know various key factors which play a big role in trading.
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However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
For profitable traders, I don't see the need to have an extra source of income. That mostly for newbie traders so that they can sustain themselves in the market. The market is very volatile and unpredictable and the best way to learn the forex market is to take good risk, have a good strategy and be consistent.
A Trader is a trader, whether you're a professional Trader or you are newbie to trading, having an extra or another source of income is advisable and important. Because you also did mention of the market volatility. and that is my point exactly, market volatility can occur anytime, and when it occurs, it doesn't differentiate between a professional Traders and a newbie traders. It impact everyone and affects every trader regardless of standard. That's why it's advisable and important for someone to have another source of income apart from trading because the future of trading is uncertain and unpredictable to both professional and newbie Traders. And I also accept the fact that traders are not unemployed, because as long as you have a legitimate source of income, regardless of its source, means you are employed.
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risk management is very much needed in investment, especially if we do trading. this is very important because we are faced with short and medium term risks.
While being a holder, we only need to choose a coin that is poiytensil to hold for the long term, such as bitcoin.
trading requires experience and success in trading is not instant, it takes a long time to become an expert.
Agreed, a trade is usually short term but investors usually retain their position for months or decades. An important part of risk management trading, even experienced traders have a bad day when they lose money. When you buy a coin stock or an asset be sure what you're looking to achieve, how much risk you're willing to bear, and how long you think you'll want to do it.
In both trading and investing, if something changes or if your put is not met then the decision to retain your position should be revisited.
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risk management is very much needed in investment, especially if we do trading. this is very important because we are faced with short and medium term risks.
While being a holder, we only need to choose a coin that is poiytensil to hold for the long term, such as bitcoin.
trading requires experience and success in trading is not instant, it takes a long time to become an expert.
Agreed, a trade is usually short term but investors usually retain their position for months or decades. An important part of risk management trading, even experienced traders have a bad day when they lose money. When you buy a coin stock or an asset be sure what you're looking to achieve, how much risk you're willing to bear, and how long you think you'll want to do it.
In both trading and investing, if something changes or if your put is not met then the decision to retain your position should be revisited.
We should adjust to our abilities and expertise to choose to become a trader or investor. If we can do short-term trading, we can choose this but we must understand the risks.
Becoming an investor is also good, by buying and holding for months or even years to get higher profits
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You're definitely right one of the few things that contributes to lose when it comes to trading has to do with the mentality of the trader because if a trader is not mentally stable and face the reality of trading and is always profit oriented such a trader is likely to record lose in trading this is the more reason that traders should go into trading with the right mindset because with the right mindset one can be able to analyze the movement of the market and come up with quick decisions wether the market is favoring or not
Actually, if someone wants to take trading as his career, then he should take entry here like that way. He should first learn trading analysis by setting his target and goal and then he can hire a mentor as he needs to know money management and self control on trading. So that he will not only get important advice but also will be able to know various key factors which play a big role in trading.
When you are that planning to make trading as your main source or making it as your main job or going full time then you shouldnt be directly making it to be this way because we do know that this is a skill that you cant really be able to learn in a short span of time and thats why its recommended that you can make some gradual learning towards this skill and trying out to build up your skills on which this will be taking up some time and tons of effort on which this causes up that those mistakes and errors. The only time that you do need up to consider on quitting your job is on the moment that you do become that sustainable or you can be able to earn bigger than with your current job.
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Agreed, a trade is usually short term but investors usually retain their position for months or decades. An important part of risk management trading, even experienced traders have a bad day when they lose money. When you buy a coin stock or an asset be sure what you're looking to achieve, how much risk you're willing to bear, and how long you think you'll want to do it.
In both trading and investing, if something changes or if your put is not met then the decision to retain your position should be revisited.
Investors invest (at least try) to hodl for years, sometimes as you said - for decades.
Traders are different in that regard - sometimes, you need to adjust your positions on the go..
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if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
I don't think those who consistently made profits from trading care about what other people say. Usually, people feel shame because the community around them because they don't work and sustain their life from their parents' money. That being said, being a professional trader usually means you're working with a large capital, under a certain company, and so on. Regardless of the definition that you believe, earning profits to sustain your living is certainly a good thing.
A good thing that someone doesn't know your income or outcome(your worth). What they only know is that you stay at home, but they don't know how you are earning a living.
Nowadays, the majority of people no longer care what others say about them, so long as they are having their payday through it. They prefer not to work for anybody because they can't pay them the amount they earn from trading
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Investors invest (at least try) to hodl for years, sometimes as you said - for decades.
Traders are different in that regard - sometimes, you need to adjust your positions on the go..
The easiest job is to be an investor, you just have to wait and Follow up on your investment, not the market speculator, the market speculator must study, operate, Gain experience and do things right, you can't be doing things crazy, everything must be very measured , even with the money you have to operate, if you operate more than necessary and do not have the correct vision of the market at that moment, what you will achieve is to lose money, to be a Market speculator you must try to understand the market well.
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When you are that planning to make trading as your main source or making it as your main job or going full time then you shouldnt be directly making it to be this way because we do know that this is a skill that you cant really be able to learn in a short span of time and thats why its recommended that you can make some gradual learning towards this skill and trying out to build up your skills on which this will be taking up some time and tons of effort on which this causes up that those mistakes and errors. The only time that you do need up to consider on quitting your job is on the moment that you do become that sustainable or you can be able to earn bigger than with your current job.
Indeed, when a person will take trading as his career he must have to be professional on trading like he must know the technical analysis and the fundamental analysis and also money management and also know about the market psychology.
And then a person can take trading as his career. But most of the time gaining know about these things takes lots of time and in the mean time I think that person not left his job or his business.
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When you are that planning to make trading as your main source or making it as your main job or going full time then you shouldnt be directly making it to be this way because we do know that this is a skill that you cant really be able to learn in a short span of time and thats why its recommended that you can make some gradual learning towards this skill and trying out to build up your skills on which this will be taking up some time and tons of effort on which this causes up that those mistakes and errors. The only time that you do need up to consider on quitting your job is on the moment that you do become that sustainable or you can be able to earn bigger than with your current job.
Indeed, when a person will take trading as his career he must have to be professional on trading like he must know the technical analysis and the fundamental analysis and also money management and also know about the market psychology.
And then a person can take trading as his career. But most of the time gaining know about these things takes lots of time and in the mean time I think that person not left his job or his business.
It is really that a total suicide if you do resign into your job while you arent that still good into your trading on which on the time that you do able to do this then that would really be giving out that huge regret into your life because being jobless is never been easy specially if you do have a family on which you do really need up that support them and if you dont have that job then that will be that a huge problem. This is why if you do have plans on making trading as a full time career then its best that you do assure it out first that you can sustain before quitting up your job and this would be the best time that you do make out such decision. Never tend to make out such action if you do see that could bring out that potential problem or issue into you.
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Indeed, when a person will take trading as his career he must have to be professional on trading like he must know the technical analysis and the fundamental analysis and also money management and also know about the market psychology.
And then a person can take trading as his career. But most of the time gaining know about these things takes lots of time and in the mean time I think that person not left his job or his business.
And it certainly does not take a day or two to get to that level. I think the ups and downs are quite a lot and the loss of money is also not comparable to the benefits if it is eaten before he is proficient and skilled.
Yes. Everything needs a process and practice without it I think there will be a lot of losses because here the money is the key and when we give the wrong recommendation to others, reputation and it is considered that it is just bad advice and should not be listened to or responded to.
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And it certainly does not take a day or two to get to that level. I think the ups and downs are quite a lot and the loss of money is also not comparable to the benefits if it is eaten before he is proficient and skilled.
Yes. Everything needs a process and practice without it I think there will be a lot of losses because here the money is the key and when we give the wrong recommendation to others, reputation and it is considered that it is just bad advice and should not be listened to or responded to.
We all know that in trading their must be loss aside a profit and it was a continuous process on trading. Lots of professional trader also have faced these issues but the fact is those professional trader have the skill to cover and recover their loss by using their knowledge.
But those who are new in this platform if they start with money on the learning phase there will high possible to not cover up and recover that suggestion. So always it should be start with demo version when it was learning phase
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
agree with you if traders are not unemployed. because there are many kinds of jobs now. for example online traders, they only open their stalls from home and online is the same as crypto trading, we are required to make decisions and monitor PCs or cellphones with rhythmic candlestick charts, whatever the job is if it makes money and gives us profit I think it doesn't matter what you do
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Agreed, a trade is usually short term but investors usually retain their position for months or decades. An important part of risk management trading, even experienced traders have a bad day when they lose money. When you buy a coin stock or an asset be sure what you're looking to achieve, how much risk you're willing to bear, and how long you think you'll want to do it.
In both trading and investing, if something changes or if your put is not met then the decision to retain your position should be revisited.
Investors invest (at least try) to hodl for years, sometimes as you said - for decades.
Traders are different in that regard - sometimes, you need to adjust your positions on the go..
As a new investor, the investor must have the right knowledge and information to the cryptocurrency market. The price of cryptocurrency fluctuates very quickly which is more likely to suffer losses. Investing in cryptocurrency should focus on a specific currency. Large currency such as like bitcoin and ethereum are usually more stable due to the use of use and its larger market prices. These currency are able to survive despite the market fluctuations. A specific currency should be selected for investment that is safe already proved and permanent.
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As a new investor, the investor must have the right knowledge and information to the cryptocurrency market. The price of cryptocurrency fluctuates very quickly which is more likely to suffer losses. Investing in cryptocurrency should focus on a specific currency. Large currency such as like bitcoin and ethereum are usually more stable due to the use of use and its larger market prices. These currency are able to survive despite the market fluctuations. A specific currency should be selected for investment that is safe already proved and permanent.
It is not as though that large cryptocurrency, such as bitcoin, do not fluctuate; rather, they have relative stability when compared to altcoins, and bitcoin has the potential to increase in value even if the price falls.
It is still necessary to understand the cryptocurrency market in order to determine the best time to trade and avoid trading losses. However, patient traders will always take advantage of market trends. Every shift in the market benefits them. For example, they buy when there is a drop and sell when there is an increase.
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Agreed, a trade is usually short term but investors usually retain their position for months or decades. An important part of risk management trading, even experienced traders have a bad day when they lose money. When you buy a coin stock or an asset be sure what you're looking to achieve, how much risk you're willing to bear, and how long you think you'll want to do it.
In both trading and investing, if something changes or if your put is not met then the decision to retain your position should be revisited.
Investors invest (at least try) to hodl for years, sometimes as you said - for decades.
Traders are different in that regard - sometimes, you need to adjust your positions on the go..
As a new investor, the investor must have the right knowledge and information to the cryptocurrency market. The price of cryptocurrency fluctuates very quickly which is more likely to suffer losses. Investing in cryptocurrency should focus on a specific currency. Large currency such as like bitcoin and ethereum are usually more stable due to the use of use and its larger market prices. These currency are able to survive despite the market fluctuations. A specific currency should be selected for investment that is safe already proved and permanent.
New investors should learn a lot about crypto, market habits and coins. I agree that they should choose bitcoin and ethereum as the coins they hold because the two coins are quite safe to own. However, bitcoin remains a priority because I see ethereum is still struggling and this is not good for new investors, according to my analysis.
New investors need knowledge and experience, so they must learn to choose the right coins.
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You can treat trading as your business if you want to. But when people around you are just used to thinking being employed means going to a workplace, they'd still be seeing you as unemployed.
What matters is you are earning. You could tend other things to do though which is a big plus being a trader. You have freedom.
- Actually it really depends on us, because we can treat trading as our business or it can also be our personal job that we can do inside our home. The only difference is that we don't have a boss or time to chase instead we still have our own time.
Therefore, we can do trading anytime we want, it's up to us if we want to do it every day and it can also be once in a while. Its really up to us as individuals.
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You can treat trading as your business if you want to. But when people around you are just used to thinking being employed means going to a workplace, they'd still be seeing you as unemployed.
What matters is you are earning. You could tend other things to do though which is a big plus being a trader. You have freedom.
- Actually it really depends on us, because we can treat trading as our business or it can also be our personal job that we can do inside our home. The only difference is that we don't have a boss or time to chase instead we still have our own time.
Therefore, we can do trading anytime we want, it's up to us if we want to do it every day and it can also be once in a while. Its really up to us as individuals.
I agree with you, trading according to our wishes. We can do it daily or when we have free time. without pressure from the boss.
However, choosing trading as a profession by leaving real-world work is not recommended, because trading is difficult. except for those who are already experts in crypto trading.
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Unemployment means that only those who are mentally and physically unable to work and who have deprived themselves of all means of earning money will be considered unemployed. From this perspective, those involved in trading are by no means unemployed because they are mentally and physically involved in making money, be it virtual currency. Since virtual currency is directly linked to income, a trader is not unemployed in any way, but rather plays a major role in the economic development of that country.
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Unemployment means that only those who are mentally and physically unable to work and who have deprived themselves of all means of earning money will be considered unemployed. From this perspective, those involved in trading are by no means unemployed because they are mentally and physically involved in making money, be it virtual currency. Since virtual currency is directly linked to income, a trader is not unemployed in any way, but rather plays a major role in the economic development of that country.
- I read in one of the comments here that he said that if I'm not mistaken, trading for him is like being self-employed, maybe it's okay to consider trading as self-employed, that's why when you're self-employed, the business is named after you, right?
But literally if we look at it, it seems like that but it's not. Like I said in a post before here, it really depends on how we recognize this trading and if it's anything,
there's nothing wrong with it.
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Unemployment means that only those who are mentally and physically unable to work and who have deprived themselves of all means of earning money will be considered unemployed. From this perspective, those involved in trading are by no means unemployed because they are mentally and physically involved in making money, be it virtual currency. Since virtual currency is directly linked to income, a trader is not unemployed in any way, but rather plays a major role in the economic development of that country.
- I read in one of the comments here that he said that if I'm not mistaken, trading for him is like being self-employed, maybe it's okay to consider trading as self-employed, that's why when you're self-employed, the business is named after you, right?
But literally if we look at it, it seems like that but it's not. Like I said in a post before here, it really depends on how we recognize this trading and if it's anything,
there's nothing wrong with it.
In my opinion, trading is more inclined to someone's profession in trading crypto, and taking advantage of the trade. It can also be called a business, but I don't consider it self-employment.
because trading requires experience and expertise in making analysis and also reading market movements. Not managing a company.
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In my opinion, trading is more inclined to someone's profession in trading crypto, and taking advantage of the trade. It can also be called a business, but I don't consider it self-employment.
because trading requires experience and expertise in making analysis and also reading market movements. Not managing a company.
Everyone can have different opinion and as well there different consideration. It is true that not all the paper can easily take to trading as there profession because if they don't have analysis skill on trading like the technical analysis and the fundamental analysis and also about learning knowledge of market psychology then he would definitely not have any passive income from trading. And it is will always right for them they won't take trading as self employment. I will also support them but if a person have everything required for trading I don't have any problem to consider them as self employment.
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Traders are correct self-employed, but do you know that self-employed are usually considered as unemployed? I don't know why others are triggered about this, but its somewhat correct. Most employed, even if they are absent or take a leave or take a sick leave, without work, they have salary to be accepted because of the leave.
Once a self-employed do this or its different, because most of the time you don't have to be accepted once it happens.
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Unemployment means that only those who are mentally and physically unable to work and who have deprived themselves of all means of earning money will be considered unemployed. From this perspective, those involved in trading are by no means unemployed because they are mentally and physically involved in making money, be it virtual currency. Since virtual currency is directly linked to income, a trader is not unemployed in any way, but rather plays a major role in the economic development of that country.
As long as you're working hard and earning a living, you're not jobless. Some people mistakenly believe that trading is not a legitimate form of work because traders are not civil servants. But being employed is not limited to working under the government. Traders, as self employed individuals, should be grateful for the opportunity to work independently and earn a living on their own terms without waiting for governments opportunities.
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Someone who can make money with trading stably will stay on it. So it doesn't matter if the trader is unemployed because trading alone is going to be the one thing that will feed himself. And that means employment still or if not formally then that's a way to make a living and today, that's still valid as something that we can work out for.
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Someone who can make money with trading stably will stay on it. So it doesn't matter if the trader is unemployed because trading alone is going to be the one thing that will feed himself. And that means employment still or if not formally then that's a way to make a living and today, that's still valid as something that we can work out for.
But being unemployed and you do have made out trading as your main source then this is really that an advantage. This is why at the time or moment that you do able to obtain this skill then it will be that an advantage but of course not all traders do comes into a point that you do become that profitable or something that you can be able to have grasps on it. If it turned out that you arent that still profitable then its not recommended that you will be that quitting up your job and fully rely with trading profits specially if you do find your skills isnt really that something that you could be able to rely on and this is something which is really that very risks. If you do see up the other way around then this is the time that you can rely on it.
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Someone who can make money with trading stably will stay on it. So it doesn't matter if the trader is unemployed because trading alone is going to be the one thing that will feed himself. And that means employment still or if not formally then that's a way to make a living and today, that's still valid as something that we can work out for.
That's the most thing that matters.
All the rest is up to interpretation.
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Someone who can make money with trading stably will stay on it. So it doesn't matter if the trader is unemployed because trading alone is going to be the one thing that will feed himself. And that means employment still or if not formally then that's a way to make a living and today, that's still valid as something that we can work out for.
But being unemployed and you do have made out trading as your main source then this is really that an advantage. This is why at the time or moment that you do able to obtain this skill then it will be that an advantage but of course not all traders do comes into a point that you do become that profitable or something that you can be able to have grasps on it. If it turned out that you arent that still profitable then its not recommended that you will be that quitting up your job and fully rely with trading profits specially if you do find your skills isnt really that something that you could be able to rely on and this is something which is really that very risks. If you do see up the other way around then this is the time that you can rely on it.
You are right, it is not for everyone because trading as a main source of income isn't that easy. You have to be profitable, you need to have the numbers and without such, stop it and stay as an investor.
Someone who can make money with trading stably will stay on it. So it doesn't matter if the trader is unemployed because trading alone is going to be the one thing that will feed himself. And that means employment still or if not formally then that's a way to make a living and today, that's still valid as something that we can work out for.
That's the most thing that matters.
All the rest is up to interpretation.
Many interprets trading as an easy job so those that have just learned it think that they can go full time and leave their current employment, it's not like that.
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Someone who can make money with trading stably will stay on it. So it doesn't matter if the trader is unemployed because trading alone is going to be the one thing that will feed himself. And that means employment still or if not formally then that's a way to make a living and today, that's still valid as something that we can work out for.
Actually this does not mean unemployed or not working, but indeed this job is a trader. But for ordinary people it might be said that way, because cryptocurrency traders are only at home. but actually the results of trading crypto are greater than someone who works in a company employee.
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Someone who can make money with trading stably will stay on it. So it doesn't matter if the trader is unemployed because trading alone is going to be the one thing that will feed himself. And that means employment still or if not formally then that's a way to make a living and today, that's still valid as something that we can work out for.
Actually this does not mean unemployed or unemployed, but indeed this job is a trader. But for ordinary people it might be said that way, because cryptocurrency traders are only at home. but actually the results of trading crypto are greater than someone who works in a company employee.
People who say traders are unemployed are those who still have old thinking. At first, it was the same in my environment, but the more young people understand technology, the more they know the world that is not physically visible.
Because people in the past considered someone who worked to be someone who went out in the morning and came home at night, whatever their job.
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Someone who can make money with trading stably will stay on it. So it doesn't matter if the trader is unemployed because trading alone is going to be the one thing that will feed himself. And that means employment still or if not formally then that's a way to make a living and today, that's still valid as something that we can work out for.
Actually this does not mean unemployed or unemployed, but indeed this job is a trader. But for ordinary people it might be said that way, because cryptocurrency traders are only at home. but actually the results of trading crypto are greater than someone who works in a company employee.
People who say traders are unemployed are those who still have old thinking. At first, it was the same in my environment, but the more young people understand technology, the more they know the world that is not physically visible.
Because people in the past considered someone who worked to be someone who went out in the morning and came home at night, whatever their job.
It can also be said that, even now there are many jobs that can be done online. Just staying at home while looking at the Laptop or other gadgets we can get a lot of money, one of which is trading crypto.
Indeed, people who do not understand will say that, if I am said like that I would rather let it be than later there will be a debate that is useless to me.
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People who say traders are unemployed are those who still have old thinking. At first, it was the same in my environment, but the more young people understand technology, the more they know the world that is not physically visible.
It's true, what happens is that the possibilities of people failing in trading are many, some just like to follow what others say, very little study, everyone wants to make money easily Without effort, this is currently very difficult, ignorance is something that is becoming very Normal , so Clearly things are now going in very varied directions, operators lose money, they no longer Believe in this, trading will always have to be seen as a business to avoid possible Failures.
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People who say traders are unemployed are those who still have old thinking. At first, it was the same in my environment, but the more young people understand technology, the more they know the world that is not physically visible.
Because people in the past considered someone who worked to be someone who went out in the morning and came home at night, whatever their job.
It can also be said that, even now there are many jobs that can be done online. Just staying at home while looking at the Laptop or other gadgets we can get a lot of money, one of which is trading crypto.
Indeed, people who do not understand will say that, if I am said like that I would rather let it be than later there will be a debate that is useless to me.
Yes, unfortunately this kind of mindset is still very common in society. The idea is that when we only work from home, especially when asked what the company is and not a company that implements WF, people will doubt our work. and assume that we are just unemployed, not going to work like normal. and even though we live in urban areas, this kind of old mindset unfortunately still exists around us. Indeed, there are some people who are still stubborn with this mindset and are not open to the progress of the times.
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People who say traders are unemployed are those who still have old thinking. At first, it was the same in my environment, but the more young people understand technology, the more they know the world that is not physically visible.
Because people in the past considered someone who worked to be someone who went out in the morning and came home at night, whatever their job.
It can also be said that, even now there are many jobs that can be done online. Just staying at home while looking at the Laptop or other gadgets we can get a lot of money, one of which is trading crypto.
Indeed, people who do not understand will say that, if I am said like that I would rather let it be than later there will be a debate that is useless to me.
Yes, unfortunately this kind of mindset is still very common in society. The idea is that when we only work from home, especially when asked what the company is and not a company that implements WF, people will doubt our work. and assume that we are just unemployed, not going to work like normal. and even though we live in urban areas, this kind of old mindset unfortunately still exists around us. Indeed, there are some people who are still stubborn with this mindset and are not open to the progress of the times.
it also happens in my environment, emetrak always asks where we work, what company etc. they don't know about technological advances, by working at home we can also get income that may be higher than working in a company.
the old mindset still exists and will always exist until the new generation dominates with new, more modern thinking
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it also happens in my environment, emetrak always asks where we work, what company etc. they don't know about technological advances, by working at home we can also get income that may be higher than working in a company.
the old mindset still exists and will always exist until the new generation dominates with new, more modern thinking
Actually they can see it clearly, there is a financial comparison between working and not working. people who have finances will be healthier in terms of perspective and can do activities as usual without being constrained by one thing, namely lack of money and not being able to carry out important or regular activities. If unemployed, eating may not be regular.
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People who say traders are unemployed are those who still have old thinking. At first, it was the same in my environment, but the more young people understand technology, the more they know the world that is not physically visible.
Because people in the past considered someone who worked to be someone who went out in the morning and came home at night, whatever their job.
It can also be said that, even now there are many jobs that can be done online. Just staying at home while looking at the Laptop or other gadgets we can get a lot of money, one of which is trading crypto.
Indeed, people who do not understand will say that, if I am said like that I would rather let it be than later there will be a debate that is useless to me.
And even if there is a debate, it will actually just be a driver's debate which will not get any benefit. Just imagine we have to explain and even argue with those who don't know anything at all and they even chuckle at what they believe.
This will just be a waste of time, and even if they can accept our explanation, it won't make us get any money from it.
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People who say traders are unemployed are those who still have old thinking. At first, it was the same in my environment, but the more young people understand technology, the more they know the world that is not physically visible.
Because people in the past considered someone who worked to be someone who went out in the morning and came home at night, whatever their job.
It can also be said that, even now there are many jobs that can be done online. Just staying at home while looking at the Laptop or other gadgets we can get a lot of money, one of which is trading crypto.
Indeed, people who do not understand will say that, if I am said like that I would rather let it be than later there will be a debate that is useless to me.
And even if there is a debate, it will actually just be a driver's debate which will not get any benefit. Just imagine we have to explain and even argue with those who don't know anything at all and they even chuckle at what they believe.
This will just be a waste of time, and even if they can accept our explanation, it won't make us get any money from it.
- To other people when you are working online without a boss like doing trade in ourlives they will really think they are unemployed or freelancers most of the time. Because they all have control over their hours, in which is really true. But however it is still different that we have other sources of income that come from traditional business.
So, if this is debatable, I also think there is no point in arguing about it because we will not gain anything from this in terms of making profit.
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Trading is a source of employment, so it will be fundamentally and economically wrong to say that traders are unemployed. Traders are very much employed. It's safe to say that traders are self employed
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You can treat trading as your business if you want to. But when people around you are just used to thinking being employed means going to a workplace, they'd still be seeing you as unemployed.
What matters is you are earning. You could tend other things to do though which is a big plus being a trader. You have freedom.
It's wrong and an act of ignorance for one to assume that traders are unemployed. Trading is one of the best source or means of employment. As you are your own boss and time manager
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- To other people when you are working online without a boss like doing trade in ourlives they will really think they are unemployed or freelancers most of the time. Because they all have control over their hours, in which is really true. But however it is still different that we have other sources of income that come from traditional business.
So, if this is debatable, I also think there is no point in arguing about it because we will not gain anything from this in terms of making profit.
Actually, trading and focusing there is also a good way to earn income. Because we can set our own working hours without interference from superiors.
We can do that if we have become an expert in trading.
I can't do it yet because I'm still learning to be able to have good skills.
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And even if there is a debate, it will actually just be a driver's debate which will not get any benefit. Just imagine we have to explain and even argue with those who don't know anything at all and they even chuckle at what they believe.
This will just be a waste of time, and even if they can accept our explanation, it won't make us get any money from it.
- To other people when you are working online without a boss like doing trade in ourlives they will really think they are unemployed or freelancers most of the time. Because they all have control over their hours, in which is really true. But however it is still different that we have other sources of income that come from traditional business.
So, if this is debatable, I also think there is no point in arguing about it because we will not gain anything from this in terms of making profit.
I also don't mind if I have to be called unemployed, because being unemployed doesn't mean not having a job and doesn't mean not having money, right? while we have money. Lol
Whatever they say they will call it, because it is not a loss for us and also not an advantage for us. For example when they say we work, does that make us profit? no, right.
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And even if there is a debate, it will actually just be a driver's debate which will not get any benefit. Just imagine we have to explain and even argue with those who don't know anything at all and they even chuckle at what they believe.
This will just be a waste of time, and even if they can accept our explanation, it won't make us get any money from it.
- To other people when you are working online without a boss like doing trade in ourlives they will really think they are unemployed or freelancers most of the time. Because they all have control over their hours, in which is really true. But however it is still different that we have other sources of income that come from traditional business.
So, if this is debatable, I also think there is no point in arguing about it because we will not gain anything from this in terms of making profit.
I also don't mind if I have to be called unemployed, because being unemployed doesn't mean not having a job and doesn't mean not having money, right? while we have money. Lol
Whatever they say they will call it, because it is not a loss for us and also not an advantage for us. For example when they say we work, does that make us profit? no, right.
It depends on our thinking, if we don't care about what people say, we enjoy our lives more. including being called unemployed, even though we have income from trading but don't have an office because we can do it at home.
I also want to be like you who can focus on trading, but I have other activities in the real world.
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However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
For profitable traders, I don't see the need to have an extra source of income. That mostly for newbie traders so that they can sustain themselves in the market. The market is very volatile and unpredictable and the best way to learn the forex market is to take good risk, have a good strategy and be consistent.
Well, I think that if profitable traders has some spare time for other jobs, it is not a bad ideas. For me, newbies traders actually needed more time on the market to master the market trends and patterns, while the most experienced traders should be the ones that could engage in other jobs and still meet their trading activities without no effects on their trading activities.
Honestly, the volatility of the crypto make it more better for the most experienced traders who engage on trading simultaneously besides other jobs. This is my opinion.
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Someone who can make money with trading stably will stay on it. So it doesn't matter if the trader is unemployed because trading alone is going to be the one thing that will feed himself. And that means employment still or if not formally then that's a way to make a living and today, that's still valid as something that we can work out for.
Actually this does not mean unemployed or unemployed, but indeed this job is a trader. But for ordinary people it might be said that way, because cryptocurrency traders are only at home. but actually the results of trading crypto are greater than someone who works in a company employee.
People who say traders are unemployed are those who still have old thinking. At first, it was the same in my environment, but the more young people understand technology, the more they know the world that is not physically visible.
Because people in the past considered someone who worked to be someone who went out in the morning and came home at night, whatever their job.
It can also be said that, even now there are many jobs that can be done online. Just staying at home while looking at the Laptop or other gadgets we can get a lot of money, one of which is trading crypto.
Indeed, people who do not understand will say that, if I am said like that I would rather let it be than later there will be a debate that is useless to me.
It doesn't matter how you make money. Just because you can make money doesn't mean you're unemployed. Because you can never earn money without some kind of work. trading is a hard task, here you have to research many coins analysis market condition etc.. Earning money only through physical labor is not considered a Employed. trading is a technical work. so traders Definitely are not uneployed.
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I also don't mind if I have to be called unemployed, because being unemployed doesn't mean not having a job and doesn't mean not having money, right? while we have money. Lol
Whatever they say they will call it, because it is not a loss for us and also not an advantage for us. For example when they say we work, does that make us profit? no, right.
It depends on our thinking, if we don't care about what people say, we enjoy our lives more. including being called unemployed, even though we have income from trading but don't have an office because we can do it at home.
I also want to be like you who can focus on trading, but I have other activities in the real world.
Well, sometimes when we think too much about what other people say, it will also make us uncomfortable and eventually make us lose focus. In fact, if you think about it, we also can't control what they want to say.
So it would be better to ignore it all, moreover this is also for our own good so that we can focus more on something we are doing. Moreover, sometimes if people already have a character like that (want to always comment on other people's lives), when we have an office job, we will always be the topic of their conversation.
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Not all traders are unemployed but there were those people who do make out trading as their last resort because they do know that it could give out that kind of opportunity that they can be able to make money or able to make income on which this is actually true and possible but actually this isnt a skill that you could be able to learn in a short period of time. This is why its always been best that you do have a work first and making up some side trading and trying out to practice yourself on trading skills and if you do find out that you are already that having that skill and become sustainable then this is the time that you will really be considering on taking up some resignation.
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However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
For profitable traders, I don't see the need to have an extra source of income. That mostly for newbie traders so that they can sustain themselves in the market. The market is very volatile and unpredictable and the best way to learn the forex market is to take good risk, have a good strategy and be consistent.
Well, I think that if profitable traders has some spare time for other jobs, it is not a bad ideas. For me, newbies traders actually needed more time on the market to master the market trends and patterns, while the most experienced traders should be the ones that could engage in other jobs and still meet their trading activities without no effects on their trading activities.
Honestly, the volatility of the crypto make it more better for the most experienced traders who engage on trading simultaneously besides other jobs. This is my opinion.
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Experience traders or pro traders can really have other jobs like white collar jobs and other jobs and still have the comfort on trading and making analysis but for a new trader to analyze the market and make strategy, studying the market and still have a job would really destabilize the individual and end up being stress and discomfort. Only experience and knowledgeable pro traders would really enjoy the work and still have time to trade.
Your opinion isn’t bad at all I support your opinion.
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Not all traders are unemployed but there were those people who do make out trading as their last resort because they do know that it could give out that kind of opportunity that they can be able to make money or able to make income on which this is actually true and possible but actually this isnt a skill that you could be able to learn in a short period of time. This is why its always been best that you do have a work first and making up some side trading and trying out to practice yourself on trading skills and if you do find out that you are already that having that skill and become sustainable then this is the time that you will really be considering on taking up some resignation.
It takes courage to quit your real-world job and focus on trading, I didn't dare to do it. because I couldn't make consistent profits in trading and my family needed money to live.
I did trading as a side job to supplement my income.
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Not all traders are unemployed but there were those people who do make out trading as their last resort because they do know that it could give out that kind of opportunity that they can be able to make money or able to make income on which this is actually true and possible but actually this isnt a skill that you could be able to learn in a short period of time. This is why its always been best that you do have a work first and making up some side trading and trying out to practice yourself on trading skills and if you do find out that you are already that having that skill and become sustainable then this is the time that you will really be considering on taking up some resignation.
It takes courage to quit your real-world job and focus on trading, I didn't dare to do it. because I couldn't make consistent profits in trading and my family needed money to live.
I did trading as a side job to supplement my income.
Yes, it is indeed quite risky when we decide to focus on trading and make trading our main job, and let go of our work in real life. Really, it is very risky.
But in fact, there are some of my friends and maybe many out there who do it. However, they are different from us or people who are not as focused and successful in crypto trading. So, they usually have gone through a long process, and have found their own strategy so that they can get more profits than losses in crypto trading. And that has been going on for a long time, so they have the courage to leave their real life jobs and focus on crypto trading.
But that's for some people. For me, I personally don't dare to do it.
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Yes, it is indeed quite risky when we decide to focus on trading and make trading our main job, and let go of our work in real life. Really, it is very risky.
But in fact, there are some of my friends and maybe many out there who do it. However, they are different from us or people who are not as focused and successful in crypto trading. So, they usually have gone through a long process, and have found their own strategy so that they can get more profits than losses in crypto trading. And that has been going on for a long time, so they have the courage to leave their real life jobs and focus on crypto trading.
But that's for some people. For me, I personally don't dare to do it.
I also don't dare to quit my real world job, to focus on trading. As I said before, I have a family that I have to provide for while my trading skills are not good because I am not a professional trader. so so far trading is just a side job for me, to get additional income.
I really appreciate those who have the courage to focus more on trading, and as you said they must have gone through a long process.
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I also don't dare to quit my real world job, to focus on trading. As I said before, I have a family that I have to provide for while my trading skills are not good because I am not a professional trader. so so far trading is just a side job for me, to get additional income.
I really appreciate those who have the courage to focus more on trading, and as you said they must have gone through a long process.
If you can do both at the same time, why quit?
I mean as long as you're happy with your work while doing trading, and it doesn't cost you too much time then by all means, don't quit.
If you're profitable in trading, but you feel that you can't make it as a stable income then don't quit. Now if you're making profits already that's more than your monthly salary in your work and you're doing it consistently then it's your decision now if you will quit on your job or not. Traders aren't unemployed, but I would call them as self-employed, or more of a work-from-home type of worker. At the end of the day, there are traders out there that are making too much money on trading already that they don't need to spend 8 hours to be paid minimum. :D
Learning trading, and be an expert with it will cost you money, and time, but once you become an expert, it will be worth it. It's a skill that can yield you money if you know what you're doing, same if when you have a skill and you're offering it with others.
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There are many professional traders who make a living from trading, but not everyone can make a living from it. There are many who trade and lose their investments. It is best if a trader has an alternative source of income and if he does not consider trading as his source of income, then he can invest in trading for a long time and even if he loses from his trading, he will not deviate from trading, which will help him gain more experience.
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It takes courage to quit your real-world job and focus on trading, I didn't dare to do it. because I couldn't make consistent profits in trading and my family needed money to live.
I did trading as a side job to supplement my income.
It's a risky endeavor indeed.
However, of course, it's possible if enough determination and willpower goes toward it - discipline would be the main thing as well.
You took the safer option - which is completely fine too!
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It takes courage to quit your real-world job and focus on trading, I didn't dare to do it. because I couldn't make consistent profits in trading and my family needed money to live.
I did trading as a side job to supplement my income.
It's a risky endeavor indeed.
However, of course, it's possible if enough determination and willpower goes toward it - discipline would be the main thing as well.
You took the safer option - which is completely fine too!
When a person dedicates himself to the market and trading it is something that I admire a lot, I would like to do it, but I still do not feel safe, it is something that Requires a lot of security and a lot of determination, when you have a family you cannot do certain things or take such big risks because you cannot fail them, however, what you do I hope it goes very well , y ou have already taken the step, now what remains is to continue there, I really would like to live only from trading one day, but I still feel that I have a lot to learn.
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You can treat trading as your business if you want to. But when people around you are just used to thinking being employed means going to a workplace, they'd still be seeing you as unemployed.
What matters is you are earning. You could tend other things to do though which is a big plus being a trader. You have freedom.
Every one of us has the freedom to choose whatever we want to have as a job without seeking any explanation of why we chose it.
In most of the jobs of recent times of this digital era, it is no longer a must for someone to have a workplace before someone will know that you are working because someone can work from home, at any time they feel or want to.
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Not all traders are unemployed but there were those people who do make out trading as their last resort because they do know that it could give out that kind of opportunity that they can be able to make money or able to make income on which this is actually true and possible but actually this isnt a skill that you could be able to learn in a short period of time. This is why its always been best that you do have a work first and making up some side trading and trying out to practice yourself on trading skills and if you do find out that you are already that having that skill and become sustainable then this is the time that you will really be considering on taking up some resignation.
It takes courage to quit your real-world job and focus on trading, I didn't dare to do it. because I couldn't make consistent profits in trading and my family needed money to live.
I did trading as a side job to supplement my income.
Yes, it is indeed quite risky when we decide to focus on trading and make trading our main job, and let go of our work in real life. Really, it is very risky.
But in fact, there are some of my friends and maybe many out there who do it. However, they are different from us or people who are not as focused and successful in crypto trading. So, they usually have gone through a long process, and have found their own strategy so that they can get more profits than losses in crypto trading. And that has been going on for a long time, so they have the courage to leave their real life jobs and focus on crypto trading.
But that's for some people. For me, I personally don't dare to do it.
This should really be something that be put up in mind is that when it comes to process then this would really be a long time or term process on which this isnt a skill that could be learned overnight. There are those people who do become that optimistic that they can do it in a short period of time not until into the moment or time that you do experience for yourself about the reality on how to deal up with moving prices and predicting on where it would be going, then y ouwill be having that kind of realization that its never been that an easy thing or something that do speak about on trying out to take a grasps in a short time period. Its not easy or simply being hard but it doesnt mean that it would be impossible to learn. It do really just that take up some time and tons of efforts.
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You can treat trading as your business if you want to. But when people around you are just used to thinking being employed means going to a workplace, they'd still be seeing you as unemployed.
What matters is you are earning. You could tend other things to do though which is a big plus being a trader. You have freedom.
This has been posted months ago, but I just saw this today, and TBH, I'm one of the many people out there that many thought that I was unemployed because I'm not working physically and I'm just at home all the time.
Just to share a story. Ever since I graduated, I find an online job where I'm earning a few bucks. It's way more than what I earn if I work 8 hours here as an employee, so I decided not too. Many thought that I was unemployed and I'm not earning anything until the pandemic came and many shifted their work. That's when they realize what I'm doing and after that happened, I'm not hearing any negative things about me and my work anymore. Well, I'm returning to work as an employee in the future for my personal reasons despite having an online job. :D
As for freedom, I'm the type of person that prioritizes freedom that's why I always want to work from home as I have a control of myself unlike working 8 hours. At the end of the day, it really is all about how much we earn. :)
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Just to share a story. Ever since I graduated, I find an online job where I'm earning a few bucks. It's way more than what I earn if I work 8 hours here as an employee, so I decided not too. Many thought that I was unemployed and I'm not earning anything until the pandemic came and many shifted their work. That's when they realize what I'm doing and after that happened, I'm not hearing any negative things about me and my work anymore. Well, I'm returning to work as an employee in the future for my personal reasons despite having an online job. :D
As for freedom, I'm the type of person that prioritizes freedom that's why I always want to work from home as I have a control of myself unlike working 8 hours. At the end of the day, it really is all about how much we earn. :)
Yep, there are people like you here too... everyone has a different mindset, as long as we respect each other's work, it won't be a big problem actually... it's just that, there are still many stigmas among adults today that work is 9 to 5 and wearing a uniform with a salary that is paid every month routinely... that's not wrong either... and seeing freelancers who like to develop their passion, that's also not wrong... maybe in terms of social status, society's views must be different, but never consider jobs like trading or other jobs with irregular income as lowly jobs.. don't..
Trading in the hands of professionals, is a source of unlimited money, even more money can be made by a professional trader... it's just that, not everyone can become a professional trader, because it takes a lot of hard work there..
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
- This is just my thought, I think it's better to think of trading just for fun but you study and know the pros and cons of it. So at least, this is our mindset but if we do technical analysis, the chances of us getting a profit are high.
Rather than thinking that this is like a job although there is also truth, it's better to just think of it as a hobby at least we don't have anyone else to blame in the end.
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If you're just starting to be a trader and had a goal on it, you should have a stable job first outside of trading, When you're earning double of what you earned your job on trading, that's the time that you leave the job and go full-time trading.
Trading is a rewarding and fulfilling job because you have flexible time and you command what you earn compared to your job, where your income is fixed.
It is important that once your trading activities is conflicting with your regular job, and trading is mor profitable, it is a good idea to let go the regular job and focus on trading as full time source of income.
Actually, if a traders had large capital on crypto trading, it should consider being a full time trader, because what matters is the ability to take care of your needs regularly.
In addition, if as a trader, you are earning more on trading crypto assets than a regular job, in my opinion. it is better to be a full time trader.
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It's called being financially free. I guess only people who have sworn to work for others will call a trader jobless. Traders don't need to answer to anyone, they have understood the market to the fullest unlocking a door to endless financial stability. So long they stick to their risk management plan and don't try to gamble their way to being successful then they got their self an endless amount of days to print their funds.
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Trading is the pure focused process which is required lot's of patience and fund management while doing trading, Market always give up and down for trader to make money, But sometime trader got liquidated while they are using Margin trade.
TRADER can be self-employee but sometime bear market give you the shocked and can not give us profit as we expected.
TRADER can we call theme self employed.
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It's called being financially free. I guess only people who have sworn to work for others will call a trader jobless. Traders don't need to answer to anyone, they have understood the market to the fullest unlocking a door to endless financial stability. So long they stick to their risk management plan and don't try to gamble their way to being successful then they got their self an endless amount of days to print their funds.
But we do know that this isnt something a skill that you can be able to learn in a short time period on which simply means that on the moment that you do able to learn up trading skills then this will really be giving out such freedom on which you would really be able to make yourself that be able to generate income with the market and since you do really know on how to go with the flow then this is something that an advantage since you do really know on how to go with the flow in comparing into those people who do just simply rely into their 8-5 job forever. Im not saying that its bad but its better to learn up a skill on which it would really be bringing you up into that financial freedom. It might not be easy but its not something which is impossible. It all matters about someones dealing.
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Trading is the pure focused process which is required lot's of patience and fund management while doing trading, Market always give up and down for trader to make money, But sometime trader got liquidated while they are using Margin trade.
TRADER can be self-employee but sometime bear market give you the shocked and can not give us profit as we expected.
TRADER can we call theme self employed.
Market is the trader's employer, so to speak. That's how I see it ;)
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It's called being financially free. I guess only people who have sworn to work for others will call a trader jobless. Traders don't need to answer to anyone, they have understood the market to the fullest unlocking a door to endless financial stability. So long they stick to their risk management plan and don't try to gamble their way to being successful then they got their self an endless amount of days to print their funds.
But we do know that this isnt something a skill that you can be able to learn in a short time period on which simply means that on the moment that you do able to learn up trading skills then this will really be giving out such freedom on which you would really be able to make yourself that be able to generate income with the market and since you do really know on how to go with the flow then this is something that an advantage since you do really know on how to go with the flow in comparing into those people who do just simply rely into their 8-5 job forever. Im not saying that its bad but its better to learn up a skill on which it would really be bringing you up into that financial freedom. It might not be easy but its not something which is impossible. It all matters about someones dealing.
In trading to be able to get skills does take a long time. We must have knowledge and always learn to be able to be skilled in trading. By focusing on trading we can get consistent profits, some even quit their jobs to choose trading. and that is according to the decisions and considerations of each person. They have the right to choose what is best for their lives.
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It's called being financially free. I guess only people who have sworn to work for others will call a trader jobless. Traders don't need to answer to anyone, they have understood the market to the fullest unlocking a door to endless financial stability. So long they stick to their risk management plan and don't try to gamble their way to being successful then they got their self an endless amount of days to print their funds.
But we do know that this isnt something a skill that you can be able to learn in a short time period on which simply means that on the moment that you do able to learn up trading skills then this will really be giving out such freedom on which you would really be able to make yourself that be able to generate income with the market and since you do really know on how to go with the flow then this is something that an advantage since you do really know on how to go with the flow in comparing into those people who do just simply rely into their 8-5 job forever. Im not saying that its bad but its better to learn up a skill on which it would really be bringing you up into that financial freedom. It might not be easy but its not something which is impossible. It all matters about someones dealing.
In trading to be able to get skills does take a long time. We must have knowledge and always learn to be able to be skilled in trading. By focusing on trading we can get consistent profits, some even quit their jobs to choose trading. and that is according to the decisions and considerations of each person. They have the right to choose what is best for their lives.
Yes, in every field of endeavour there is always an entend that has to be passed through to gain the set objectives. This is expected to be so because nothing is automatic, especially where new knowledge is involved let alone skills that call for steady development. There are always attempts made as part of an intention to improve outcomes in a given set of work. It is self evident that the choices made by an individual are deliberate in some way and every individual has the right to choose the path that they are going to take in their lifetime. But whatever you do, as long as you are confident of your choices, then this is the part that has to be enjoyed.
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Trading is the pure focused process which is required lot's of patience and fund management while doing trading, Market always give up and down for trader to make money, But sometime trader got liquidated while they are using Margin trade.
TRADER can be self-employee but sometime bear market give you the shocked and can not give us profit as we expected.
TRADER can we call theme self employed.
Market is the trader's employer, so to speak. That's how I see it ;)
The market is open for everyone and to anyone who can make use of it perfectly, like we know lot of people have venture into the market and yet has not been able to accumulate or make any reasonable profits from the market due to fear and pressure of news that arises, most traders doesn't know how to follow the market and they trade towards news, if time not properly taken they could lose their money while follow the FUD.
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Trading is the pure focused process which is required lot's of patience and fund management while doing trading, Market always give up and down for trader to make money, But sometime trader got liquidated while they are using Margin trade.
TRADER can be self-employee but sometime bear market give you the shocked and can not give us profit as we expected.
TRADER can we call theme self employed.
Market is the trader's employer, so to speak. That's how I see it ;)
The market is open for everyone and to anyone who can make use of it perfectly, like we know lot of people have venture into the market and yet has not been able to accumulate or make any reasonable profits from the market due to fear and pressure of news that arises, most traders doesn't know how to follow the market and they trade towards news, if time not properly taken they could lose their money while follow the FUD.
You are right because the market gives us the opportunity to gain profit by trading or doing medium-term investing. and I have done that.
We must learn to be able to read opportunities and follow market trends, because our opportunity to gain profit by always focusing on monitoring the market.
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It's called being financially free. I guess only people who have sworn to work for others will call a trader jobless. Traders don't need to answer to anyone, they have understood the market to the fullest unlocking a door to endless financial stability. So long they stick to their risk management plan and don't try to gamble their way to being successful then they got their self an endless amount of days to print their funds.
Nobody can understand the market to the fullest and it is somehow hard to make profit as a trader for a very long time. After a good profits from many trades, a little mistake will make you run at loss and all the profit that you have made will be gone in juat a twinkle of an eye. Trading cannot serve as a job for you and take care of your billa in the long run because the market is fill with uncertainty, and you are trading on a volatile asset which is very risky.
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Trading cannot serve as a job for you and take care of your billa in the long run because the market is fill with uncertainty, and you are trading on a volatile asset which is very risky.
Nahh that can't be true, it's sounding more like you talking of a gambler. A successful traders cannot loss all his hard earned money to the market unless he was being reckless. When I mean being successful I don't mean having 1or 2 good trades and calling your self a trader or adding FX to your name. Being successful means you have been in the market, you've understood both the fundamentals and technical aspects of the market. These kind of people makes consistent profits from the market. I don't think there's any job that would pay up to what they make from the market on a daily or weekly bases. So yea, trading can be a job mate.
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Trading cannot serve as a job for you and take care of your billa in the long run because the market is fill with uncertainty, and you are trading on a volatile asset which is very risky.
Nahh that can't be true, it's sounding more like you talking of a gambler. A successful traders cannot loss all his hard earned money to the market unless he was being reckless. When I mean being successful I don't mean having 1or 2 good trades and calling your self a trader or adding FX to your name. Being successful means you have been in the market, you've understood both the fundamentals and technical aspects of the market. These kind of people makes consistent profits from the market. I don't think there's any job that would pay up to what they make from the market on a daily or weekly bases. So yea, trading can be a job mate.
Definitely, it can be treated as a job, but you really have to begin at some point and it might not be easy to grind as you need to stay maybe up to 12 hours initially to learn everything and to make money. And then as you go along, you gain that experience and learn how to adjust strategy.
You can also treat it like a business, so you financially commit on it, invest a lot of your money in order to make more money. And in order to make consistent money, you need to have a lot of discipline and again, strategies to tweak from time to time. It's a non-conventional for most of us, but if someone wanted this career path, then he needs to be dedicate to it.
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Trading cannot serve as a job for you and take care of your billa in the long run because the market is fill with uncertainty, and you are trading on a volatile asset which is very risky.
I'll give you a scenario.
Let's say for example, I'm trading and I'm profitable, and I'm making enough money to pay my bills and keep aside some money for my wants as well. Does that mean that I can't trading as a job still despite of the uncertainty around the crypto market? Does that mean that I still can't treat trading as a job because cryptocurrencies are volatile?
Anything can be a job as long as you're making money on it. I mean I've seen things where people are earning from it and treat it as a job. Job in definition is a piece of work that's being paid. Trading can be a job because you're doing a piece of work and you're being paid (only if you're profitable.)
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You are right because the market gives us the opportunity to gain profit by trading or doing medium-term investing. and I have done that.
We must learn to be able to read opportunities and follow market trends, because our opportunity to gain profit by always focusing on monitoring the market.
Analysis is the king of everything in the current day we live in.
On-chain activity and deep dives in it may also help ;)
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Trading cannot serve as a job for you and take care of your billa in the long run because the market is fill with uncertainty, and you are trading on a volatile asset which is very risky.
I'll give you a scenario.
Let's say for example, I'm trading and I'm profitable, and I'm making enough money to pay my bills and keep aside some money for my wants as well. Does that mean that I can't trading as a job still despite of the uncertainty around the crypto market? Does that mean that I still can't treat trading as a job because cryptocurrencies are volatile?
Anything can be a job as long as you're making money on it. I mean I've seen things where people are earning from it and treat it as a job. Job in definition is a piece of work that's being paid. Trading can be a job because you're doing a piece of work and you're being paid (only if you're profitable.)
Yes, that anything that generates income from what you do can be considered as a job. Not all jobs come with such remuneration system of pay earning per month and many other jobs include freelancers, business owners and the likes. For a job to be considered as generating income for the discharge of trade, it should also provide for additional employments of personal gains satisfying the criterion of a profitable trade the ability to pay the bills while satisfying individual pleasures. It is incorrect to state that a trader doesn’t work for a living because many people can trade erratically in other industries as well. As long as there is a plan, which is backed up by some kind of regular income, trading is a perfectly viable business like any other business that requires skill to manage it.
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It's called being financially free. I guess only people who have sworn to work for others will call a trader jobless. Traders don't need to answer to anyone, they have understood the market to the fullest unlocking a door to endless financial stability. So long they stick to their risk management plan and don't try to gamble their way to being successful then they got their self an endless amount of days to print their funds.
Nobody can understand the market to the fullest and it is somehow hard to make profit as a trader for a very long time. After a good profits from many trades, a little mistake will make you run at loss and all the profit that you have made will be gone in juat a twinkle of an eye. Trading cannot serve as a job for you and take care of your billa in the long run because the market is fill with uncertainty, and you are trading on a volatile asset which is very risky.
You have said it as it is my friend, it is very difficult or almost impossible to understand the market, from one moment to another everything can change, stops can be jumped and you can lose, then we must be careful with that, having trading as a full job is something that I would not do unless I were a millionaire, because I would not mind losing, but I consider that a trader should be a second job where the basis is to learn a lot and make profits but not so high but in accordance with our economy.
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It's called being financially free. I guess only people who have sworn to work for others will call a trader jobless. Traders don't need to answer to anyone, they have understood the market to the fullest unlocking a door to endless financial stability. So long they stick to their risk management plan and don't try to gamble their way to being successful then they got their self an endless amount of days to print their funds.
- Trading is a very broad topic, and there is no shortcut to it, unlike what some people think when they enter it, which is that trading is easy. It is easy to say but difficult to do when you are the one who will make the actual trade. This is because the theory and actual experience in trading are different.
There cannot be no process in trading because there are many things to consider that those who want to really learn trading need to go through. So if you have a job and you are entering crypto trading, don't just quit your job until you have started earning passive income in the crypto space.
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There cannot be no process in trading because there are many things to consider that those who want to really learn trading need to go through. So if you have a job and you are entering crypto trading, don't just quit your job until you have started earning passive income in the crypto space.
Every trading must have a process, and this process will affect the results. This process starts from the preparation of the trade, both mentally, financially, and knowledge including the strategy. and all of that is very important and influential. that's why, in trading, you can't just prepare money. and if you do during the process there will definitely be various obstacles, especially about volatility and also sudden market drops, this will definitely make us even more stressed if we don't want a complicated process and thorough preparation.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
Well i also believe that trading is a kind of work but not all traders earn consistently, sometimes we will experience loss or earn very few digits in trading that is why most of the people do trading as a part time job, they will do their regular job and then do trading after they work,it depends on time management and strategy on how to make earnings,but only one thing for sure traders are not unemployed because trading is a work and it can give us profit or income.
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There cannot be no process in trading because there are many things to consider that those who want to really learn trading need to go through. So if you have a job and you are entering crypto trading, don't just quit your job until you have started earning passive income in the crypto space.
Every trading must have a process, and this process will affect the results. This process starts from the preparation of the trade, both mentally, financially, and knowledge including the strategy. and all of that is very important and influential. that's why, in trading, you can't just prepare money. and if you do during the process there will definitely be various obstacles, especially about volatility and also sudden market drops, this will definitely make us even more stressed if we don't want a complicated process and thorough preparation.
- You are correct mate, others are trying to take shortcuts, in fact, they are trying to force themselves to mature before they are even ripe. These are the newbie traders who think they can immediately maintain or make passive income from trading in the crypto space.
That's why most of the communities that enter crypto trading have also failed in this cryptocurrency trading industry because of their mindset. So their mindset should be right because if it is wrong, for sure they will not last long in the crypto industry.
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Haha hard to say traders are employed or unemployed, if trader lost his portfolio continuously than one day he will become unemployed :-X
But full time trader is also earn very well and they are not enemployed..
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That's why most of the communities that enter crypto trading have also failed in this cryptocurrency trading industry because of their mindset. So their mindset should be right because if it is wrong, for sure they will not last long in the crypto industry.
Most of the successful traders that are existing today did not become successful just overnight, it took them years of continues learning and mastering of strategy before they finally became successful but some newbies just want to get rich overnight front trading and that's because they have been brainwashed by some content creators on YouTube who showcases flashy cars and luxury lifestyle and call themselves traders meanwhile they are non traders who are just making so much money from their traffic on YouTube. Trading is not easy and anyone that wants to become very good would have to keep learning and also remember that it will take long time to become very rich.
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That's why most of the communities that enter crypto trading have also failed in this cryptocurrency trading industry because of their mindset. So their mindset should be right because if it is wrong, for sure they will not last long in the crypto industry.
Most of the successful traders that are existing today did not become successful just overnight, it took them years of continues learning and mastering of strategy before they finally became successful but some newbies just want to get rich overnight front trading and that's because they have been brainwashed by some content creators on YouTube who showcases flashy cars and luxury lifestyle and call themselves traders meanwhile they are non traders who are just making so much money from their traffic on YouTube. Trading is not easy and anyone that wants to become very good would have to keep learning and also remember that it will take long time to become very rich.
Those kinds of newbie traders are greedy people who think they can make a big profit in just one sitting and that's where they make mistakes. And the worst part is that they insist that what they are doing is right and yet their actions are belied so the result is that their assets are burned in the end.
They don't know how to listen, they just only followed what they could think of, that's the difficulty and problem that is not the character
of a truly successful trader.
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That's why most of the communities that enter crypto trading have also failed in this cryptocurrency trading industry because of their mindset. So their mindset should be right because if it is wrong, for sure they will not last long in the crypto industry.
Most of the successful traders that are existing today did not become successful just overnight, it took them years of continues learning and mastering of strategy before they finally became successful but some newbies just want to get rich overnight front trading and that's because they have been brainwashed by some content creators on YouTube who showcases flashy cars and luxury lifestyle and call themselves traders meanwhile they are non traders who are just making so much money from their traffic on YouTube. Trading is not easy and anyone that wants to become very good would have to keep learning and also remember that it will take long time to become very rich.
Some people do really think that trading skills could really be that learned overnight or a few days on which not really that even thinking up that on how long these traders are really that spending up their time and effort for them to learn up this specific skills and those noobs do take it that lightly and once they do decide to learn up such skill then this is where they would really be that making up that engagement and on the moment they do experience out the real deal, then this is the time that they will really be able to tell into themselves that it was really just that indeed true on what they have experienced. So it will really be that up to you whether you would be learning up those things or you would really be that dealing and ending up like gambler like mind on which this isnt really that recommended.
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Haha hard to say traders are employed or unemployed, if trader lost his portfolio continuously than one day he will become unemployed :-X
But full time trader is also earn very well and they are not enemployed..
For me I think it should be called a different name from being employed or unemployed because it collects from people a lot, I have been were someone lost all his money worth over $2k in trading within 24 hours, when this amount cannot even be realized by the person in four to seven months if they were working, so actually there is nothing employment in trading but however you can make money and you can also loss, though a lot of people may not agree with this but that's how I see it because employment is receiving salaries consistently while you cannot receive constantly on trading.
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Haha hard to say traders are employed or unemployed, if trader lost his portfolio continuously than one day he will become unemployed :-X
But full time trader is also earn very well and they are not enemployed..
For me I think it should be called a different name from being employed or unemployed because it collects from people a lot, I have been were someone lost all his money worth over $2k in trading within 24 hours, when this amount cannot even be realized by the person in four to seven months if they were working, so actually there is nothing employment in trading but however you can make money and you can also loss, though a lot of people may not agree with this but that's how I see it because employment is receiving salaries consistently while you cannot receive constantly on trading.
In my opinion, it depends. We can't totally say a trader an employed person because we can't really assure that we can make money with trading. Here in my place, you can pay more when getting government documents if you're employed because you can afford for it. So I don't think we can call employed to a traders because most of them can't make money from it.
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Well i also believe that trading is a kind of work but not all traders earn consistently, sometimes we will experience loss or earn very few digits in trading that is why most of the people do trading as a part time job, they will do their regular job and then do trading after they work,it depends on time management and strategy on how to make earnings,but only one thing for sure traders are not unemployed because trading is a work and it can give us profit or income.
If you are a daily trader, it's possible that you can make money daily, you can make money weekly and you can make money monthly depending on how active you are with trading and similarly, you can make loss too because you can't trade and think of not making any loss but the over all plan should be focus on making profit anytime you trade.
I have always have the urge to be a daily trading, it's profitable if you are active and knows what you afr doing but it's time demanding which is why I don't engage in them else the past 5 months has been profitable for many daily traders.
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These are the newbie traders who think they can immediately maintain or make passive income from trading in the crypto space.
Yes, passive income is something we should view with some suspicion. Very few platforms offer this, and it's a fact that when evaluating certain things, we can lean toward something or not. It's difficult for most platforms to do that. That's why, as you say, trading is so popular. It's a thousand times better to obtain results through trading and through your own efforts in analysis than anything else.
For example, with cryptocurrencies, who doesn't like earning passive income by buying other currencies or tokens? Whether it generates USDT or BTC is something different, and it doesn't exist anymore. What they did was something like that at the Betfury casino in its early days.
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Well i also believe that trading is a kind of work but not all traders earn consistently, sometimes we will experience loss or earn very few digits in trading that is why most of the people do trading as a part time job, they will do their regular job and then do trading after they work,it depends on time management and strategy on how to make earnings,but only one thing for sure traders are not unemployed because trading is a work and it can give us profit or income.
Crypto market is sometimes very difficult to predict. The price can change drastically at any time. That's why it is difficult to earn profits regularly. Even professional traders, I assume they also sometimes get some losses. But if we have good understanding in trading, we can optimize the chance of getting profits. So, it depends on the knowledge and experience. Having better knowledge, it means it will have a bigger chance of getting profits.
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These are the newbie traders who think they can immediately maintain or make passive income from trading in the crypto space.
Yes, passive income is something we should view with some suspicion. Very few platforms offer this, and it's a fact that when evaluating certain things, we can lean toward something or not. It's difficult for most platforms to do that. That's why, as you say, trading is so popular. It's a thousand times better to obtain results through trading and through your own efforts in analysis than anything else.
For example, with cryptocurrencies, who doesn't like earning passive income by buying other currencies or tokens? Whether it generates USDT or BTC is something different, and it doesn't exist anymore. What they did was something like that at the Betfury casino in its early days.
You are right here that passive income in crypto often has to be approached more critically. Very few platforms can maintain these systems over time, and thus, what pleases the eye may turn out to be rather ambiguous. Trading, thus, is often stated to be the only thing that lets a person take full control over their economical profits knowingly and actively. Using own initiatives in reading the market is somewhat far better than waiting for something uncertain. Some have attempted to present similar systems that look promising, but they cannot stand firm and people revert back to somewhat ordinary and viable opportunities.
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These are the newbie traders who think they can immediately maintain or make passive income from trading in the crypto space.
Yes, passive income is something we should view with some suspicion. Very few platforms offer this, and it's a fact that when evaluating certain things, we can lean toward something or not. It's difficult for most platforms to do that. That's why, as you say, trading is so popular. It's a thousand times better to obtain results through trading and through your own efforts in analysis than anything else.
For example, with cryptocurrencies, who doesn't like earning passive income by buying other currencies or tokens? Whether it generates USDT or BTC is something different, and it doesn't exist anymore. What they did was something like that at the Betfury casino in its early days.
You are right here that passive income in crypto often has to be approached more critically. Very few platforms can maintain these systems over time, and thus, what pleases the eye may turn out to be rather ambiguous. Trading, thus, is often stated to be the only thing that lets a person take full control over their economical profits knowingly and actively. Using own initiatives in reading the market is somewhat far better than waiting for something uncertain. Some have attempted to present similar systems that look promising, but they cannot stand firm and people revert back to somewhat ordinary and viable opportunities.
The only problem is that passive income is not easy for an individual to achieve. Even if you are an employee or have been hired by a company, you are not automatically a regular employee right away, of course there are companies that require them to first go through a contractual period of 6 months then after that a 6-month probationary period before becoming a regular employee.
So once you become a regular employee, you have passive income that can be called until you grow old, the same goes for traditional business,
and here in crypto trading that we are doing now.
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The only problem is that passive income is not easy for an individual to achieve. Even if you are an employee or have been hired by a company, you are not automatically a regular employee right away, of course there are companies that require them to first go through a contractual period of 6 months then after that a 6-month probationary period before becoming a regular employee.
So once you become a regular employee, you have passive income that can be called until you grow old, the same goes for traditional business,
and here in crypto trading that we are doing now.
I am also a contract employee in a company and I have not become a permanent employee because I am still new there. However, the income I receive from crypto is enough to help me meet my living needs and I am grateful for that.
Being an employee and trading is a decision I have taken at this time because I have not thought about starting a new business in the real world.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
Well i also believe that trading is a kind of work but not all traders earn consistently, sometimes we will experience loss or earn very few digits in trading that is why most of the people do trading as a part time job, they will do their regular job and then do trading after they work,it depends on time management and strategy on how to make earnings,but only one thing for sure traders are not unemployed because trading is a work and it can give us profit or income.
Is it me or is it that am actually getting everything confused up in my head because at the initial thought of seeing this thread, my view was tied to the trading as per cryptocurrency trading and not your normal business trade because the replies am seeing is actually making confused because it seems users here are certain that you can relate cryptocurrency trading as a means of job employment which is a total blasphemy for me.
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
Well i also believe that trading is a kind of work but not all traders earn consistently, sometimes we will experience loss or earn very few digits in trading that is why most of the people do trading as a part time job, they will do their regular job and then do trading after they work,it depends on time management and strategy on how to make earnings,but only one thing for sure traders are not unemployed because trading is a work and it can give us profit or income.
Is it me or is it that am actually getting everything confused up in my head because at the initial thought of seeing this thread, my view was tied to the trading as per cryptocurrency trading and not your normal business trade because the replies am seeing is actually making confused because it seems users here are certain that you can relate cryptocurrency trading as a means of job employment which is a total blasphemy for me.
Maybe for those who can trade professionally can get consistent income and consider being a trader as a permanent job. However, some also suggest trading as a side job, it all comes back to each person's ability and expertise. Personally, I consider trading as a side job because I still have other businesses besides being a crypto trader.
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Maybe for those who can trade professionally can get consistent income and consider being a trader as a permanent job. However, some also suggest trading as a side job, it all comes back to each person's ability and expertise. Personally, I consider trading as a side job because I still have other businesses besides being a crypto trader.
You can earn money by trading and a lot of technical analysis has to be done here. So trading is definitely a job. You can't get anything for free in this world without doing any work. No one can ever call traders unemployed. A trader is able to earn many times more money than a job holder. So how can a trader be unemployed? Traders are definitely not unemployed. Whoever says trading is unemployment he doesn't know anything about trading.
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Actually anything that can generate income to you can be called a job. However it is said that gamble can not be called a side hustle and yest it's true but there are folks that do make money from it consistently. Although there are times which a trader makes profits and there are times which traders don't and likewise gamblers too.
So my point is as long as it can generate money for you without any huge losses it can be called a side hustle.
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Actually anything that can generate income to you can be called a job. However it is said that gamble can not be called a side hustle and yest it's true but there are folks that do make money from it consistently. Although there are times which a trader makes profits and there are times which traders don't and likewise gamblers too.
So my point is as long as it can generate money for you without any huge losses it can be called a side hustle.
It is completely true, as long as one’s activity brings stable income, and does not lead to high losses, then one can speak about the side job. Admittedly, gambling may be different from other jobs but the reality is, there are people who have been making money from other risks-related operations on a continuous basis. It is the same with the cases of trading since the world has the opportunities to earn and increase, there are also risks of getting a loss. The question here is, what does the difference a person make in relation to handling the risk and the ability to know when one has ventured enough. Although evaluating its earnings do not result to continuous losses, anybody has the right to claim that it is an acceptable side hustle.
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Whatever someone does and they make little or much profit from it can be taken as a job. For the case of trading, it will not be advised to have it as a job because of the level of uncertainty of the market that you can't always predict correctly. Building your future around such an endeavor is highly risky because you can lose your assets because of the wrong move taken in trading
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There are still many who think that trading activities are just fun and not a job, but trading is work, trading is categorized as self-employed or in the big dictionary -> people who work for themselves, so traders immediately refute those who think you are unemployed just because they don't see you have a boss, you are your own boss, don't be discouraged by what they say, if you are very comfortable and get consistent profits then keep it because when you try to find work out there, you it will only waste your opportunity to become a professional trader.
However, traders are advised to have a fairly stable side income to support their finances because the market always moves freely and unpredictably.
anyway, I have created this topic in another forum.
Being employed does just mean wearing you suit and tie in the morning and go to your work pace. Like you said there is what is called self employment, where one works for himself, and trading fits into this category. See something ehn if you are making your cool cash from trading you don't even have to mind what people think or say, because their thoughts and speech isn't what credit you bank or provide food on the table. And also with the way the economy is going most companies lay off their workers for no justifiable reason that is why being self employed still remains the best.
However as a trader you should note that the market may not always be in your favor, so you should make investment in place which can yield you money anytime the market is not in your favor.
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However as a trader you should note that the market may not always be in your favor, so you should make investment in place which can yield you money anytime the market is not in your favor.
Indeed, this is one of the basic knowledge when entering the crypto world, that the market is always volatile, always changing, whether it is a small, medium or large change. so this should no longer be something new and surprising as long as we understand the situation.
but the problem is that maybe those who are new to it often do not equip themselves with basic things and understanding like this. so, they are very easily carried away by different situations, easily panic when the market is up or down. and this is very bad in doing business in crypto.
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The only problem is that passive income is not easy for an individual to achieve. Even if you are an employee or have been hired by a company, you are not automatically a regular employee right away, of course there are companies that require them to first go through a contractual period of 6 months then after that a 6-month probationary period before becoming a regular employee.
So once you become a regular employee, you have passive income that can be called until you grow old, the same goes for traditional business,
and here in crypto trading that we are doing now.
I am also a contract employee in a company and I have not become a permanent employee because I am still new there. However, the income I receive from crypto is enough to help me meet my living needs and I am grateful for that.
Being an employee and trading is a decision I have taken at this time because I have not thought about starting a new business in the real world.
Good for you that you are a contract employee even though you are not regular in the company but if the contract continues you will still be considered as a regular employee dude because your salary is also continuous as an employee.
And it is also good that besides being employed you are still getting profit in the crypto industry and that is something that is fun because you are managing your time properly here, so what you are doing is good dude, keep it up and I hope other people with us here can do the same.
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You can treat trading as your business if you want to. But when people around you are just used to thinking being employed means going to a workplace, they'd still be seeing you as unemployed.
What matters is you are earning. You could tend other things to do though which is a big plus being a trader. You have freedom.
I agree with you, my friend, let people think you are unemployed, the most important thing is how we earn income every day so that we can show people that earning money is not only by going to work, but nowadays technology is sophisticated, most people earn a lot of money from technology, even more than the salary of a factory worker. If we still don't accept being considered like that, it's better for us to open a small business or work at a workplace so that people don't say things like that, just as a side job, my friend.
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You can treat trading as your business if you want to. But when people around you are just used to thinking being employed means going to a workplace, they'd still be seeing you as unemployed.
What matters is you are earning. You could tend other things to do though which is a big plus being a trader. You have freedom.
I agree with you, my friend, let people think you are unemployed, the most important thing is how we earn income every day so that we can show people that earning money is not only by going to work, but nowadays technology is sophisticated, most people earn a lot of money from technology, even more than the salary of a factory worker. If we still don't accept being considered like that, it's better for us to open a small business or work at a workplace so that people don't say things like that, just as a side job, my friend.
It doesn't matter if people see you as unemployed or not, what matters is the revenue you are getting from trading. If your trading income is worth making you to just stay at home and make your money without much struggle from 9-5 work, then it doesn't matter if other See's you as unemployed because they don't know what you are doing in your closet and you don't also have anything to prove to them, let them think what they want. Some people doesn't really know that in this era a lot of people are making millions of dollars just sitting in their personal office at their homes.
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It doesn't matter if people see you as unemployed or not, what matters is the revenue you are getting from trading. If your trading income is worth making you to just stay at home and make your money without much struggle from 9-5 work, then it doesn't matter if other See's you as unemployed because they don't know what you are doing in your closet and you don't also have anything to prove to them, let them think what they want. Some people doesn't really know that in this era a lot of people are making millions of dollars just sitting in their personal office at their homes.
As somebody that's considered introvert, I always want people to see me as an "UNEMPLOYED" person. Why? TBH, I don't know, but it just satisfies me to see that those people who are saying that I am unemployed are earning way lesser than what I'm earning, and I'm doing it at our home while they're spending 8 hours earning minimum wage. :D Am I bad if I think that way? :D
Anyway, I see traders as freelancers that are employed, but in a different way. While the most common is we have employers while the most common freelancers have clients, traders have nothing, but still, they're earning the same or sometimes even higher than other people out there. Like you said, let them think what they want because at the end of the day, they don't know what you're doing. The only time that you will show it to them is when you built something for yourself already like a house and lot, or a car as a fruit of your trading. Of course, I'm way too far from that dream of mine still. :D
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You can treat trading as your business if you want to. But when people around you are just used to thinking being employed means going to a workplace, they'd still be seeing you as unemployed.
What matters is you are earning. You could tend other things to do though which is a big plus being a trader. You have freedom.
I agree with you, my friend, let people think you are unemployed, the most important thing is how we earn income every day so that we can show people that earning money is not only by going to work, but nowadays technology is sophisticated, most people earn a lot of money from technology, even more than the salary of a factory worker. If we still don't accept being considered like that, it's better for us to open a small business or work at a workplace so that people don't say things like that, just as a side job, my friend.
It doesn't matter if people see you as unemployed or not, what matters is the revenue you are getting from trading. If your trading income is worth making you to just stay at home and make your money without much struggle from 9-5 work, then it doesn't matter if other See's you as unemployed because they don't know what you are doing in your closet and you don't also have anything to prove to them, let them think what they want. Some people doesn't really know that in this era a lot of people are making millions of dollars just sitting in their personal office at their homes.
There are really that those individual who are really that mindful or does really like to hear out other peoples sentiments on which they are that too sensitve on whatever they are been able to heard on. There are those times or situations that you are becoming that too mindful about on what other people been saying towards you. If you are unemployed and doing trading? So what?
They arent the ones who do feed you and support you on your day to day living and we do have our own lives that we are currently that dealing on with, on which its much better that we should mind our own business rather than on letting ourselves that trying to get involved on what others lives do have.
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You are right here that passive income in crypto often has to be approached more critically. Very few platforms can maintain these systems over time, and thus, what pleases the eye may turn out to be rather ambiguous. Trading, thus, is often stated to be the only thing that lets a person take full control over their economical profits knowingly and actively. Using own initiatives in reading the market is somewhat far better than waiting for something uncertain. Some have attempted to present similar systems that look promising, but they cannot stand firm and people revert back to somewhat ordinary and viable opportunities.
It is very true, in fact, I have seen some reels and advertising that they have on Binance about having passive income , when the money is put under a plan where it cannot be withdrawn ,they have it blocked and it generates a percentage, there is also a very peculiar case with a casino and the affiliate system, how the affiliates managed to get a lot, the income was renewable and what did the casino do ? lower those incomes to something that there is no point in looking for more, then things fall, they do not work, and in part it is due to a bad advertising calculation.
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It doesn't matter if people see you as unemployed or not, what matters is the revenue you are getting from trading. If your trading income is worth making you to just stay at home and make your money without much struggle from 9-5 work, then it doesn't matter if other See's you as unemployed because they don't know what you are doing in your closet and you don't also have anything to prove to them, let them think what they want. Some people doesn't really know that in this era a lot of people are making millions of dollars just sitting in their personal office at their homes.
As somebody that's considered introvert, I always want people to see me as an "UNEMPLOYED" person. Why? TBH, I don't know, but it just satisfies me to see that those people who are saying that I am unemployed are earning way lesser than what I'm earning, and I'm doing it at our home while they're spending 8 hours earning minimum wage. :D Am I bad if I think that way? :D
Anyway, I see traders as freelancers that are employed, but in a different way. While the most common is we have employers while the most common freelancers have clients, traders have nothing, but still, they're earning the same or sometimes even higher than other people out there. Like you said, let them think what they want because at the end of the day, they don't know what you're doing. The only time that you will show it to them is when you built something for yourself already like a house and lot, or a car as a fruit of your trading. Of course, I'm way too far from that dream of mine still. :D
We all have our own preferences and views on life and not most of us are the same but there are some who are similar in some way. Of course, not everyone wants to be employed and not everyone wants to be an entrepreneur.
Now, in this situation, everyone wants to be traders, but not everyone is making a way to learn how to be a trader and we all know that here. So, on your part, your not bad, that's the choice and I respect it, I also see that you also respect if there are others who want to stay employed and that's what we should really give each other respect for our choices.
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It doesn't matter if people see you as unemployed or not, what matters is the revenue you are getting from trading. If your trading income is worth making you to just stay at home and make your money without much struggle from 9-5 work, then it doesn't matter if other See's you as unemployed because they don't know what you are doing in your closet and you don't also have anything to prove to them, let them think what they want. Some people doesn't really know that in this era a lot of people are making millions of dollars just sitting in their personal office at their homes.
As somebody that's considered introvert, I always want people to see me as an "UNEMPLOYED" person. Why? TBH, I don't know, but it just satisfies me to see that those people who are saying that I am unemployed are earning way lesser than what I'm earning, and I'm doing it at our home while they're spending 8 hours earning minimum wage. :D Am I bad if I think that way? :D
Anyway, I see traders as freelancers that are employed, but in a different way. While the most common is we have employers while the most common freelancers have clients, traders have nothing, but still, they're earning the same or sometimes even higher than other people out there. Like you said, let them think what they want because at the end of the day, they don't know what you're doing. The only time that you will show it to them is when you built something for yourself already like a house and lot, or a car as a fruit of your trading. Of course, I'm way too far from that dream of mine still. :D
We all have our own preferences and views on life and not most of us are the same but there are some who are similar in some way. Of course, not everyone wants to be employed and not everyone wants to be an entrepreneur.
Now, in this situation, everyone wants to be traders, but not everyone is making a way to learn how to be a trader and we all know that here. So, on your part, your not bad, that's the choice and I respect it, I also see that you also respect if there are others who want to stay employed and that's what we should really give each other respect for our choices.
We must indeed respect each other's decisions, they can choose to keep working and trading in their spare time. There are also those who focus on trading by leaving their jobs in the real world, because they feel that the income from trading is greater and more consistent. All decisions and risks are on each of us. Good luck.
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It doesn't matter if people see you as unemployed or not, what matters is the revenue you are getting from trading. If your trading income is worth making you to just stay at home and make your money without much struggle from 9-5 work, then it doesn't matter if other See's you as unemployed because they don't know what you are doing in your closet and you don't also have anything to prove to them, let them think what they want. Some people doesn't really know that in this era a lot of people are making millions of dollars just sitting in their personal office at their homes.
As somebody that's considered introvert, I always want people to see me as an "UNEMPLOYED" person. Why? TBH, I don't know, but it just satisfies me to see that those people who are saying that I am unemployed are earning way lesser than what I'm earning, and I'm doing it at our home while they're spending 8 hours earning minimum wage. :D Am I bad if I think that way? :D
Anyway, I see traders as freelancers that are employed, but in a different way. While the most common is we have employers while the most common freelancers have clients, traders have nothing, but still, they're earning the same or sometimes even higher than other people out there. Like you said, let them think what they want because at the end of the day, they don't know what you're doing. The only time that you will show it to them is when you built something for yourself already like a house and lot, or a car as a fruit of your trading. Of course, I'm way too far from that dream of mine still. :D
We all have our own preferences and views on life and not most of us are the same but there are some who are similar in some way. Of course, not everyone wants to be employed and not everyone wants to be an entrepreneur.
Now, in this situation, everyone wants to be traders, but not everyone is making a way to learn how to be a trader and we all know that here. So, on your part, your not bad, that's the choice and I respect it, I also see that you also respect if there are others who want to stay employed and that's what we should really give each other respect for our choices.
I agree with you. Not everyone will be a good trader and everyone has where their skills can become productive for them. Just as we differ in skin color, language, country and belief is same we we will choose various means of earning an income based on how we want it. This is why we should respect people choices and decisions.
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It doesn't matter if people see you as unemployed or not, what matters is the revenue you are getting from trading. If your trading income is worth making you to just stay at home and make your money without much struggle from 9-5 work, then it doesn't matter if other See's you as unemployed because they don't know what you are doing in your closet and you don't also have anything to prove to them, let them think what they want. Some people doesn't really know that in this era a lot of people are making millions of dollars just sitting in their personal office at their homes.
As somebody that's considered introvert, I always want people to see me as an "UNEMPLOYED" person. Why? TBH, I don't know, but it just satisfies me to see that those people who are saying that I am unemployed are earning way lesser than what I'm earning, and I'm doing it at our home while they're spending 8 hours earning minimum wage. :D Am I bad if I think that way? :D
Anyway, I see traders as freelancers that are employed, but in a different way. While the most common is we have employers while the most common freelancers have clients, traders have nothing, but still, they're earning the same or sometimes even higher than other people out there. Like you said, let them think what they want because at the end of the day, they don't know what you're doing. The only time that you will show it to them is when you built something for yourself already like a house and lot, or a car as a fruit of your trading. Of course, I'm way too far from that dream of mine still. :D
We all have our own preferences and views on life and not most of us are the same but there are some who are similar in some way. Of course, not everyone wants to be employed and not everyone wants to be an entrepreneur.
Now, in this situation, everyone wants to be traders, but not everyone is making a way to learn how to be a trader and we all know that here. So, on your part, your not bad, that's the choice and I respect it, I also see that you also respect if there are others who want to stay employed and that's what we should really give each other respect for our choices.
We must indeed respect each other's decisions, they can choose to keep working and trading in their spare time. There are also those who focus on trading by leaving their jobs in the real world, because they feel that the income from trading is greater and more consistent. All decisions and risks are on each of us. Good luck.
- Indeed, let's just do what we want. If you don't feel like trading and someone has a job, then stay at work, ignore trading. If you really want to trade,
then let's study or learn, that's all. Isn't it said that if you want there's a way and if you don't want there's many reasons, this has been a long-standing saying that
most people believe.
As for me, if you get into trading, it's not easy to do in actual, but it's easy to study or learn, but in the execution that we learn in trading, this is where we find out if we are really learning something in trading that we have studied or learned for real.
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If you think you know what you are doing and can trade for the best and maximum output, then tsking it as your major work or job to do is never a bad idea, just as we are well aware on how trading could be time consuming and how we also have to engage much of our time online making research and seeking on perfect strategies to engage for the trades, we can have it as a fulltime job and that alone will help increase our productivity in it because we have enough time to explore more on opportunities and speculate well.
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If you think you know what you are doing and can trade for the best and maximum output, then tsking it as your major work or job to do is never a bad idea, just as we are well aware on how trading could be time consuming and how we also have to engage much of our time online making research and seeking on perfect strategies to engage for the trades, we can have it as a fulltime job and that alone will help increase our productivity in it because we have enough time to explore more on opportunities and speculate well.
Since you are aware of the risk involved if you know what you are doing there is no reason that should assert to trade as the full time business without proper consideration. However I do not consider this as an issue of courage at all but more a question of utilisation of time in a better quantitative and qualitative way in accordance with the necessities of the activity being in focus. It is accompanied by the fact that the market is active all the time, and the opportunity does not wait for someone who hesitates in two minds. But when you are somewhat really into students and not just on the side for fun, you will be inclined to movements that were before erratic to you. And at that moment you ceased to be an individual who is waiting for profits but you are already involved in the stream which know when to come in and out.
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If you think you know what you are doing and can trade for the best and maximum output, then tsking it as your major work or job to do is never a bad idea, just as we are well aware on how trading could be time consuming and how we also have to engage much of our time online making research and seeking on perfect strategies to engage for the trades, we can have it as a fulltime job and that alone will help increase our productivity in it because we have enough time to explore more on opportunities and speculate well.
I agree with that, but what needs to be understood is that to achieve all that, we will go through a long and complicated process, and in the middle of that process, of course, we will always need capital and we also have to stay alive, meaning we have to keep meeting our needs.
While we wait for who knows how long, it is also risky if we do not do our main job while we are in the process.
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I agree with you. Not everyone will be a good trader and everyone has where their skills can become productive for them. Just as we differ in skin color, language, country and belief is same we we will choose various means of earning an income based on how we want it. This is why we should respect people choices and decisions.
No doubts, we all have different strengths, and what works for one person might not work for another, but in my opinion, this is irrelevant to trading because anyone can be a good trader; what matters is consistency, knowledge, and discipline. A consistent trader will undoubtedly improve his trading moves and decisions with time.
Trading is never for those who are comfortable; instead, it is for those who are willing to take risks. Any trader who is willing to learn the fundamentals and technicalities of trading can become a good trader. Trading is learnable, so anyone can do it.
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If you think you know what you are doing and can trade for the best and maximum output, then tsking it as your major work or job to do is never a bad idea, just as we are well aware on how trading could be time consuming and how we also have to engage much of our time online making research and seeking on perfect strategies to engage for the trades, we can have it as a fulltime job and that alone will help increase our productivity in it because we have enough time to explore more on opportunities and speculate well.
I agree with that, but what needs to be understood is that to achieve all that, we will go through a long and complicated process, and in the middle of that process, of course, we will always need capital and we also have to stay alive, meaning we have to keep meeting our needs.
While we wait for who knows how long, it is also risky if we do not do our main job while we are in the process.
This we can say that we keep comfortable once we find a comfortable rhythm going through the cycles of trading, especially if it yields the intended results. Unfortunately, this full-time involvement does not exempt one from having a stream of ups and downs in this line of work. When the pressure of the daily needs, so much starts to arise, this is felt when the market is not as productive as expected. This is the most felt test because it involves more than strategy, but the ability to face the great unknown. Yes, we may be confident about ourselves but once there is no other means of getting an income then worry will gradually usurp concentration. It is a life with some stability which is not only connected with the position numbers on the screen but also how we proceed the other activities of the life differently from trading activities.
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If you make a living from trading, if you are a professional who works independently in the financial market, we can say that you are an entrepreneur.
The concept of employment is formal, meaning that you are hired by someone, an employee, so you can be considered unemployed, unless you work for an investment company, a brokerage firm, a bank, and for that, you will have an employment relationship, an employment contract.
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If you make a living from trading, if you are a professional who works independently in the financial market, we can say that you are an entrepreneur.
The concept of employment is formal, meaning that you are hired by someone, an employee, so you can be considered unemployed, unless you work for an investment company, a brokerage firm, a bank, and for that, you will have an employment relationship, an employment contract.
You know it's funny how people see traders as lazy, and unemployed people who just sits around all day, and at the end of the day, some kind of miraculous money just enters into your accounts. People don't even want to know the kind of effort which was put to get that money.
I remember a book I read about cryptocurrency the author of the book said that before he started trading he was too over confident, infact when it was the time for him to learn trading, he told his tutor that what is even there in trading , is it not just to be looking at the movement of graphs and patterns on your computer screen, he assured his tutor that he will become a professional in trading under a week but that wasn't the case.
This kind of mentality as seen in this man was propelled by his believe that trading is not even a Job or a task that requires much effort to earn. In simple terms anything that give you money or puts food on you table is a Job and as such you are definitely employed. Trading isn't an exception.
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If you make a living from trading, if you are a professional who works independently in the financial market, we can say that you are an entrepreneur.
The concept of employment is formal, meaning that you are hired by someone, an employee, so you can be considered unemployed, unless you work for an investment company, a brokerage firm, a bank, and for that, you will have an employment relationship, an employment contract.
Becoming a trading professional or someone whose consistent is never been easy or something that you can easily be able to obtain such skills. You will be that not able to acquire up in a short time period but rather you do find yourself having such kind of rush when you arent that finding yourself that having no progress. Most traders doesnt mean that they dont have job, some are just that making it as their side income and since there's no assured profits that they could make then its just wise that you should be not quitting your job and still continuing to do your job. It do only needs up that proper time management on which we know that its important because if you would be losing your balance from your work and trading then it will be compromising something.
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I agree with you. Not everyone will be a good trader and everyone has where their skills can become productive for them. Just as we differ in skin color, language, country and belief is same we we will choose various means of earning an income based on how we want it. This is why we should respect people choices and decisions.
No doubts, we all have different strengths, and what works for one person might not work for another, but in my opinion, this is irrelevant to trading because anyone can be a good trader; what matters is consistency, knowledge, and discipline. A consistent trader will undoubtedly improve his trading moves and decisions with time.
Trading is never for those who are comfortable; instead, it is for those who are willing to take risks. Any trader who is willing to learn the fundamentals and technicalities of trading can become a good trader. Trading is learnable, so anyone can do it.
- I believe that everyone can be a good trader in reality, but not everyone wants to be a good trader in this field of the crypto space that we are in as an industry. It seems that in the world of crypto trading, only a few are chosen but many are called.
That's why many of those who enter crypto trading end up failing in the end because they are not 100% serious about entering it, so they end up quitting early and saying in the end that it is not for them.