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.
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?
Regardless, if they have capital for trading or not I would say they should first learn the basics of trading and do all sort of experiments with demo trading account until the find their logic which is successful in determining the market then they should enter into trading but if one wants to do it as a part time I wouldn’t advise them to do so as it’s required lot of effort and we cannot be successful of we consider it as a part time.