So, you are interested in becoming a trader. Kudos to you. But first and foremost, know that trading is not for everyone.
Before you can become a full-fledged merchant, you must gain certain abilities. It is not like working a day job and living paycheck to paycheck.
It is not a job that allows you to earn money after two weeks or one month of work at 8-hours a day.
There is no guarantee that you will make money when trading. It is the truth. Knowing this, do you still want to work as a full-time trader now?
Would you still want to swap your steady employment for trading, despite your numerous duties in life, such as paying monthly bills, home payments, home credit, and so on?
Probably not; you will continue to work at your current job because it has more assurance.
Trading is dangerous, and there is no way of knowing whether you will make money or not. Many people are compelled to participate because of the numerous advantages.
The first is to achieve financial independence. If you work for a company, you put in one week worth of effort and then wait for your daily break and weekends.
Are you content with your current situation? I doubt it. Employees appear to be working to live rather than living to work.
Some people even believe that they only exist during rest days because these are the only days they get to enjoy themselves.
We do not have a choice, though. We must do it because we need funds. However, this opportunity is what trading can offer.
Because your office is right at home, you do not have to go far to come to work. You have complete control over when you trade and when you take a holiday.
You do not need to submit a leave request and have it approved by your manager.
More Time to Spend With Yourself and Your Family
Second, trading will provide you with more time to spend with yourself and your family. You do not need to travel abroad or to other faraway locations to work and earn a lot of money.
If you push learning how to trade, you will not have to give in as much time to work and satisfy your employer. You have more time to spend with yourself and your loved ones.
You will be able to better care for your children if you have more time. That is why some people prefer working from home.
However, the majority of home-based employment still demands you to assist others. If this is not what you are looking for, you should start crypto trading right away.
Furthermore, there is no discrimination in the trade market. You do not need a pleasant personality to succeed.
Unlike other occupations, you do not need a college diploma to start, and there is no upper age limit.
You can begin trading at Bitcoin Prime any time if you have sufficient funds and trading knowledge.
Lose or Make a Profit
Trading is similar to running a business or being an entrepreneur. You can never be certain that you will be successful in business.
Expect your money to flow out quickly in the early years, and there is no guarantee that the money you put in will come back.
However, if all of your efforts have paid off, you can earn seven figures every month. It is not something that happens overnight. It will take some time.
Again, in crypto trading, you could lose or make a profit. Because of the fluctuating market, it is indeed risky. The question is whether you are willing to take a chance.
Taking a risk pays off in trading, crypto, and other industries. That is why so many people are still trying to remain on top of the crypto game.
Many people have previously tried to find the pot of gold in the crypto realm.
Recently, eleven new crypto tycoons made it onto the Forbes’ 2021 billionaires list. With an estimated net worth of $8.7 billion, Sam Bankman-Fried is the wealthiest crypto billionaire.
Next is the Coinbase co-founder and CEO Brian Armstrong with $6.5 Billion. Chris Larsen of Ripple follows with $3.4 Billion.
At the fourth spot is the Winklevoss twins, Cameron and Tyler, with $3 Billion each.
Following are Michael Saylor with $2.3 Billion, Jed McCaleb with $2 Billion, Fred Ehrsam and Changpeng Zhao with $1.9 Billion, Matthew Roszak and Tim Draper with $1.5 Billion each.
Trading gives you a higher chance of achieving such prosperity than working as an employee for the rest of your life.
Some traders, including Ed Seykota (the all-time best trader), Richard Dennis, and Marty Schwartz, can make millions in 5-10 years. There are many more out there that we are unaware of.
The question is, can you do it on a fixed-rate salary for a few years? It is not too late to consider crypto trading if you wish to amass such money.
But, as we already stated, it is not that simple. That is because if you do not know what you are doing, you may lose multiple times.
Because of everything you have learnt, you might be thinking about becoming a trader again. However, did you know that just 10% of people succeed in this field?
Yes, you read that correctly. Most rookie traders who have a streak of losses leave right away. They do not believe that trading is for them.
You should not start trading if your attitude is like this. Instead, you should save your money for something else.
Marty Schwartz was a losing trader for nine years before becoming a winner. However, this does not guarantee that it will happen to you. It is on a case-by-case basis.
What I am trying to say is that if you work hard enough, you can succeed. You may succeed in any industry if you are passionate about what you are doing.
From the perspective of novice crypto traders, it is better to consult professional crypto traders first before diving into the world of cryptocurrency.
In this way, they feel more assured that their trading risk will decline to the expertise of professional traders.