TRADERS are not UNEMPLOYED

[Crypto Library]

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.

[Chilwell]

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.

[albon]

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.

[dekafee79]

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

[milewilda]

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.

[dave_strider]

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..

[JoyMarsha]

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

[LUCKMCFLY]

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.

[Crypto Library]

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.

[milewilda]

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.

[martinex]

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.

[Crypto Library]

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

[MUGNIA]

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

[albon]

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.

[DragonF]

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.