What ways can a trader raise money?
What ways can a trader raise money?
There are two types of people who learn trading, there are those who already have a source of income and are looking for way to multiple it so they choose trading as an option for them, while their others without any source of income but just learning to trade for the sake of knowledge and hoping that one day they will be able to make enough capital to invest into trading.
How would you advise a newbie trader without any source of income to gather together money that they can use in trading?
Exclude this options that they have to get a job and save up money because if it was so easy to get a good paying job, some of them may not even be trading.
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
If a trader doesn’t have a means to capital for trading, I’m sorry to say that there is no any way for the trader to raise money online. The trader has to try offline, he can do some job and raise some money with an amount he can afford to lose. I think a starting trader can trade with $100, if the trader is good to go, he can extend that money to more money but in reality, that money is really hard to make in trading, you need to put extra effort in trading before you can make money.