₦airaland Forum

Crypto traders be enjoying on the regular

VeryWickedMan:
This is where extra marital affairs become an advantage.

And the one that di*d from extra marital affairs ko,the leicester owner

While investment can be a good way to financial freedom and a very good way to boost your finances, there are certain advantages traders have over investors who just leave their money in stocks or whereverand wait for returns.

1. Traders make money even in a bearish market

This is a common knowledge to those who have been in the trading space for a while. Trading allows you make money even when there is 'blood on the street'.

While our counterparts in the investment space are complaining about their Investment going down with the market, traders smile to the bank, especially those who do know how to trade. Although there is also the chance of loosing money when the market is up but those with experience, skill and good risk management will be rewarded

2. Flexibility

While investments have to be timed and also has it's time when things do go well, trading is the opposite especially for those into crypto trading who have the ability to trade 7 days a week 24 hours a day.

While doing so can be desctructive and affect your health in the long run, you can decide the days of week you like to trade and also time of the days that would be most favourable to you. Tradung can be done anytime as long as you have the skills and tools to execute

3. No limit to income

There are no limits to how much a trader can make in hours, in a day or in a year. Not same for investors who most times loose in the long term. Your investment can only make as much as the market is willing to give over a specific period of time.

It's the opposite for a trader, a trader makes as much as he can get from the market with very little amount of money required.

4. Investment is capital intensive

While both requires a good amount of capital to start, trading requires way less and gives way more in the short and long term. Imagine waiting 10years for a 10% profit on a $500 investment account. 10 years to make bearly $50.

5. Losses

In trading you can limit how much you actually can afford to loose per trade especially for traders who understand risk management and the importance of having a stop loss. A trader can have $10k as capital and risk only 1% of that and it won't affect his portfolio.

An investor can't control how much he is able to loose in the market. The market dictates his funds. Let's say the market goes minus 50% in a day on a $10k capital, that's a whole $5k gone in just one day while his counterpart lost only $100 from that minus 50% market.

While a trader can easily bounce back from that loss in a very short period of time, an investor will have to wait for months if not years to be at break even or make profit

All these ones no too concern crypto traders wey dey earn in dollars, everyday cashout!!!!

All these ones don't really concern people who trade cryto, we earn with skills and from the dollars also, steady going to the bank

Tonytonex:
😯😯 that's huge.

Yh

nairamaniac:
I rather play kalo kalo that forex. I'm sure you would need other peoples money to invest in you to grow your fx capital from 10k to 100,000.

Yes,are u ok now?

Tonytonex:
to start trading sir.

I can look for someone to put me through on the basics.

N.B. how much do people charge for teaching it?

I charge 130k, you can get it cheaper from other mentors though

nairamaniac:
are you referring to forex trading ND similar stuffs?

yh

TOMMYS:
Forex

Yh

Artscollection:
Which ever currency you trade comes with It's risk, It is not even new. You should been advicing people to acquire trending certification like anti money laundering, data analysis and the rest and with that they can work remotely also. I trade currency also partly but it is not something i will advise someone to venture it because it takes guts.

Trading is what i do full time, and most people know about online skills i don't have the strength to be writing much actually

alimiadedayo1:
pls send your what app number

its on my profile

Tonytonex:
ok thanks. I will do that. Will 50K be enough to start?

To Start trading or start leaning ?

Tonytonex:
how can one start please?

And what kind of trading forex or crypto?

Both, you can start by learning on tour own or requesting help from a professional

Artscollection:
Big lie !!every trader is on pause now bv you don't know where the werey naira go put head.

I don't trade in naira, research or ask questions before potraying ignorance

alimiadedayo1:
what kind of digital trading can I start to make money

Fx trading, although u will have to learn very well first

Just start to learn trading so u can benefits from dollar increase and ur trading skills

This is an ad

Most lucrative thing right now is buying dollars,everyday profit

Dollar just gained 10% in 2 weeks abd we are not talking about it. Sha invest in the dollar no matter what you do

Windblown2much:
long term investment right?

yeah, and continue to buy even when its in a loss,in the long term u win

Windblown2much:
pls how do I buy dollars and make profit everyday?

Get dollars on binance and make sure it is for lon term investment

Use the money to learn digital skills, forex, uiux, web development etc or basically buy dollars and enjoy profit almost everyday.

Crypto trading

ariesbull:
It's expensive....bring it down to 1500

How about they give it for free

[quote author=Lifeinlight post=127620024][/quote]I absolutely get your point though,even to get the skill has become expensive and takes time too,government isn't helping matter on the other hand

Lifeinlight:
check out the unemployment stat in US and Nigeria and come back

Check out the poverty stat in US and Nigeria and come back

Check out the illiteracy and out of school children stat in US and Nigeria and come back

I never said it's not more here, it is but i actually prefer if undergraduates don't see jobs as the sole reason for graduating

ceejayluv:
At least not the One of joblessness being the norm. Getting a formal Job in Nigeria has always been a prayer Point for the majority.

Yh i get your point actually, it's a pandemic here

UnfairLife7:
why can't they get a job after graduation? what are the responsibility of the government? why is Nigeria different? or you think US or Canadian graduates are jobless like we have here?

Yes there are jobless people in US and canada or you really think those living on the streets have job,lmao. They also have the issue of underemployment too so there's that

rossoneri:
That's fine.

I remember when BSC was new and every crypto trader was launching their own token daily across the globe. People were rushing in and of course getting rug pulled. Till it all went burst. Same with wonder banks! There are so many other examples.

The online prop space is a bubble and it will burst eventually like all get rich quick schemes and/or ponzis. Remember this conversation when that happens.

Some are bursting already, it isn't a new thing,when something good comes out there will always be fake and you will agree with me that everything is a risk. I will advice people get prop firms to be able to aquire enough funds for a good long term capital, you don't avoud things totally cause you think it's risky.

As a trader who's been into trading for some years now i will say i actually don't like to trade during festive seasons especially the one we have right now for some reasons

1)low volatility
Most people's trades depend on how market moves or how much market moves and the market is very slow during festive season cause most people aren't trading during those times which results to slow market

2)potential losses
Since market is not volatile during thise times,market can be very choppy and annoying which most times result to losses or breakeven trades

Do you trade during festive seasons? Why and why not

rossoneri:
So what i wrote is not about the difficulty of passing their challenges. The challenge being difficult or not is irrelevant to my points. My write up is for inexperienced traders to understand that online prop firms are more or less a ponzi scheme! The online prop business model is a scam. Just like a typical ponzi scheme were those who get in first always cash out, online prop firms pay out profitable traders from funds of the sale of challenges. Thats their real business, selling challenges. They don't fund anyone and they don't copy any trades. There is no real actual capital anyone is trading, its all simulated or demo if you like. New traders need to understand this. It is deceitful and unsustainable and you cannot build a trading career based on online prop firms. Ask any forex trader who has been trading for at least 15 years!

I do understand your point very much,yes many prop firms have failed and all that and yes they do profit from inexperienced traders but do you blame the prop firm or the trader. Prop firm give you unlimited time to pass a chanllenge and you want to use 1 day to do so, after loosing you turn around and blame the firm's dd rule and all that. Truth is prop firms will come and some will go but they are here to stay. Some will stay for long,some are basically here to scam too so it's a dicy situation. I use prop firms and i actually advice experienced traders to do same.