Choose trading as a career only if...

[ZAINmalik75]

Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.

First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500  which itself 10% profit which is difficult but possible with right choices.

I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.

Capital and risk tolerance is not enough we need a person who can wait for the right time to invest in a coin. Who can wait for months and years to make good profit from a trade. Who is fast, and reacts to any news quickly.

A trader don't need $5k to start their journey but such a capital can increase their profits and reduce them from over trading too. If a person can bear the stress then he must chose trading as career.

[Agbe]

Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.

First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500  which itself 10% profit which is difficult but possible with right choices.

I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.

When choosing crypto currency trading as a career there's are allot of factors that one should look into before choosing choosing it as being a trader is not a joke as it's demanding and tasky one thing one need to take consideration befor taking that decision should be your ability of risk tolerance as it is part of trading so before choosing trading as e career one needs to be immuned against lose as the crypto market sometimes is not stable and is very volatile leading elose of money so anyone who can handle loose very well should be the one considering choosing a career as a trader

[dekafee79]

Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.

First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500  which itself 10% profit which is difficult but possible with right choices.

I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.

When choosing crypto currency trading as a career there's are allot of factors that one should look into before choosing choosing it as being a trader is not a joke as it's demanding and tasky one thing one need to take consideration befor taking that decision should be your ability of risk tolerance as it is part of trading so before choosing trading as e career one needs to be immuned against lose as the crypto market sometimes is not stable and is very volatile leading elose of money so anyone who can handle loose very well should be the one considering choosing a career as a trader

If you have experience, knowledge and expertise in trading we can choose trading as a career. To become a professional trader you must have good emotions, always be disciplined and careful in trading. And the key is always focus and enthusiasm in learning trading and practicing skills.

[Findingnemo]

If you have experience, knowledge and expertise in trading we can choose trading as a career. To become a professional trader you must have good emotions, always be disciplined and careful in trading. And the key is always focus and enthusiasm in learning trading and practicing skills.

One can have every skill needed to be a successful trader but if they don't have enough capital then the chances of being success become low that's why every aspect is important before jumping into completely. And one can have capital but when they lack the skill or money management then just over the time they will starts losing their capital too.

[densus88]

If you have experience, knowledge and expertise in trading we can choose trading as a career. To become a professional trader you must have good emotions, always be disciplined and careful in trading. And the key is always focus and enthusiasm in learning trading and practicing skills.

One can have every skill needed to be a successful trader but if they don't have enough capital then the chances of being success become low that's why every aspect is important before jumping into completely. And one can have capital but when they lack the skill or money management then just over the time they will starts losing their capital too.

Skills are the main thing that must be owned before trading, besides the capital that must be owned to trade. both are very important. To get capital we can participate in airdrops and bounty campaigns, where the rewards we get can be used as capital. And knowledge and skills can be obtained by always learning and trying to become more expert in trading, so in my opinion both just go hand in hand.

[Rruchi man]

I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.

Trying to make trading your only career when you have limited knowledge on it or just beginning is very dangerous because there is no assurance of success. Before considering trading as a career and something to depend on, it is wise that you must have confirmed that it is something you can be successful in based on the wealth of knowledge that you have gathered.

An in depth knowledge of trading can get you capital when people see your results. How?? People can offer you capital to trade with and share the profits with them in percentages.

[|MINER|]

Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.

First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500  which itself 10% profit which is difficult but possible with right choices.

I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.

The first think I would like to suggest if any person want to do trading as their career then they should find a valid reason for that why they want to do take trading as their career. And then I would like to say then that trading is not that kind of easy think you will come here and learn only one month and you will understand all the things about trading.
Because sometimes learing trading take a years plus time and also want to suggest that becoming professional trader you must know about the money management which will you learn and also know the psychological game behind the trading. After that if you learn the analysis of trading you should start will the demo and then when you will able to find the reason of losses and profit you should go on the real market.

[Stuart]

Most people lose in trading because they're not really prepared for it so certain qualities are necessary for someone to choose trading as a career path.

First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500  which itself 10% profit which is difficult but possible with right choices.

I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.

Making a career out of trading is a very nice idea and choice path to personal financial freedom and independence. This has a flexible timing and freedom for those in the trading system.

Capital is a required commodity when it comes to business, while in trading of any kind it is the number one thing that has to be made available for actions to start taking place. Even in a demo trading account, Capita is made available.

I don't really see it as a standard or a major that anyone starting trading will need to have $5k before starting, cause to me, that will cause more harm than good to the trader if he/she is just starting trading on a real account (after practicing on a demo account).

Starting with a little amount is very important as he/she will grow, in experience and in profit and with this, understanding how the market goes, when and when not to enter a trade, how to follow up news and trends etc.

Someone who wants to make a career out of trading should start with a capital that he/she can afford to lose (putting yourself at a safe side as you see yourself grow).

[sampoerna]

I'm really not sure with this, because I personally have never thought about making trading a career. because I'm not that good at trading, not that capable of doing it, so I'm quite self-aware that I don't make trading a career, just as a side job, that's enough, because it's just to manage risk better.

but maybe this is different from some other people who do make trading a career, because they are able to do it, and they are diligent and always focused on trading, spending their time on trading and analyzing the market well, even they already understand what movements are likely to occur in the market with TA and FA analysis, and they already know how to manage so as not to lose, with some techniques that they use. that's not a problem,

the problem is, when someone just enters the realm of trading, then without preparation, and makes trading a full time job and only based on luck, this is serious and very high risk.

[BitMaxz]

You know, dude, the majority of us in this field of the crypto space know that trading is very complicated, which is really true. Now, if the fund you are going to enter is $500, it is a bit necessary, so you can't make a mistake as much as possible.

Especially if you are going to conduct trading activity in the futures trade, now in order to control your fund, you must, in every setting you make in the trade, do not forget to put SL and limit it to 2$ first so that you can observe the flow of what is happening in the market. And limit yourself to 10x-15x leverage; you should not go beyond that.

For me, if you are not confident yet to trade without a knowledge and live trading experience, it's too risky to go on live trading with $500 capital on futures. Having a leverage above 5x is too volatile without proper knowledge of how to set up SL, it will always end up hitting your SL.

To reduce risk, since you do not want to lose a lot of money in trading, start trading on spot rather than futures while you monitor the price action. Once you get some signals, double/triple check and verify the signals before you buy. Only trade on futures if you believe the trend will be bearish, and only use 5x leverage anything beyond than that is extremely risky.

[LUCKMCFLY]

I would choose trading as a career and as a job if and only if I had financial stability, otherwise I wouldn't do it because obviously when we are trading we are risking money and if we hit a bad streak where we don't understand the market everything will go down, I think this is what can be very significant if we decide to make a living from trading, I would do it, but obviously I would have at least the resources for 1 year to support my family and myself, including the costs of children's schools, taxes, utilities, all of this.

[LogitechMouse]

---
First thing is capital and risk tolerance, yes even though we can start trading with as low capital as possible but to make it as a career it needs atleast decent capital like $5000 range that will give better cushion to make trading decisions and could be enough to make something like needed for survival let's say $500  which itself 10% profit which is difficult but possible with right choices.

I would like to hear from you, what would you like to add into this list for someone who wants to make a career out of trading cryptos.

There are many factors to this one, but I will share one because I believe many here already shared their opinion already.

Know how to put stop-loss and take profits. This almost got me a few weeks ago when the market suddenly made a correction, I opened a long position because I thought that it will go even higher, but a day after I opened, the market made a huge correction (last week), causing me to lose almost around 40%, but it's impermanent loss. It's good for me that I waited, and I still ended up making profit since during the election, the market went up significantly. Still, that isn't the case for most traders here hence, always, always put a stop-loss and take profit if necessary.

[laijsica]

If you have experience, knowledge and expertise in trading we can choose trading as a career. To become a professional trader you must have good emotions, always be disciplined and careful in trading. And the key is always focus and enthusiasm in learning trading and practicing skills.

One can have every skill needed to be a successful trader but if they don't have enough capital then the chances of being success become low that's why every aspect is important before jumping into completely. And one can have capital but when they lack the skill or money management then just over the time they will starts losing their capital too.

I agree with you. For a trader to be successful, he needs both capital and experience, and he also needs to have patience to manage himself with consistency in every price trend. A trader should focus primarily on holdings as per his ability and after having a decent portfolio he can take any investment decision be it short term or long term. Investor should have regular buying habit irrespective of price to increase the chances of getting profit through capital so that UP decreases in long term cycle and chances of getting high profit.

[Agbe]

To become a trader as a career, you have to be prepared mentally, with a lot of capital and knowledge because all of these must be there, if one of them is not there then it is not balanced. a trader must be smart in setting strategies and managing assets so that trading is not done with one coin but several coins must be traded, and must have an income target such as earning a daily income. When one coin experiences a loss, we still have another coin to cover the loss.

Yes I will agree with you on this because for you to be called a trader there are certain qualities that one is expected of having so any one that lacks such is bound to run at lose or is at risk and as I have always said that first and foremost is the technical ability to study the market behavior and movement which has to be with your knowledge or the kind of training one have gotton before going to trade because with what I have seen some people who call them self trader only have half knowledge about trading as they only go for seminars and workshop on trading, then one thing we need to consider is the traders mindset there's a particular mindset that a trader is supposed to have the mindset of not giving of as that will go a long way to propel the traders into success because your mind need to be ready for trade as a trader so that profit driven spirit needs to activated in anyone who wants to call himself a trader

[Azharul]

We know that trading is one of the best profitable source for earning money from crypto currency market. So i am also think that trading will be best opportunity for earning best profit from crypto currency market. But we also know that trading is the best risky section in cryptocurrency market for earning money. So if we want to create our career from crypto currency trading, we must understanding in cryptocurrency market and trading system. Because without trading knowledge we don’t understand easily and also lost our profit.