Is trading really worth it?
Is trading really worth it?
Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I’m just curious if it’s a dignified, worth-spending occupation. I don’t know where to ask, I don’t understand technical analysis; when he explains it to me I feel it’s some sort of gambling strategy.
I’ve used to read experts’ discussions, papers, books and the like, but I find no such stuff on trading. It’s a very vague term anyway. Are there really people who just “buy low and sell high”, making a living by just doing that? I can’t comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.
Trading is an ideal tool for maximizing wealth, as you have a fixed income that covers your expenses, and then a surplus of money to invest, and the role of trading comes to maximize those investments.
Crypto trading in short is a balance between cash and crypto and trying to determine the appropriate entry and exit points to maximize profits. In short, it is a race that needs time to be an unknown variable, something that does not happen when it is used to pay bills and provide food that needs fixed expenses.
So Answer is Yes & No depend on time
As someone who’s been trading for a while now, I can tell you that it definitely is worth it! I’ve seen firsthand how much money can be made through trading, and it’s really opened up a lot of opportunities for me.
I know that some people view trading as a risky endeavor, but I believe that as long as you’re smart about it and don’t let emotions get in the way, it can be a very lucrative way to make money.