I know of so many who dropped their jobs to take up trading as a life time carrier despite the volatility of the market. A whole lot made hudge fortune from the market. So many made what the have never achieved throughout their life time in office jobs in few trades. Some other set abandoned their jobs and took up a carrier in trading mentorship. This has brought hudge fortune to traders who understand their market analysis at large.
Would trading be called an occupation if this be the case. I ask because I see a whole lot of persons who see trading as gambling and even discourage prospective traders not to venture into such. Is trading really gambling or does it in any way have similarities with gambling. This part has to be clearified because it is really bringing heavy argument in our society.
Most religious bodies still kick against trading with the view that it is a form of gambling that has 60% certainty if traded with caution. But if the certainty is above average then why do we still regard it as gambling?
From:
https://www.ig.com/en/cryptocurrency-trading/what-is-cryptocurrency-trading-how-does-it-workWe could define crypto currency trading as follows:
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.
What could we deduce from this. Could there be a contrary view. Because for me crypto trading can be classified as an occupation in at this point of the world's evolution especially in underdeveloped and developing nation's where unemployment is hitting the peak of the day. Crypto trading could be an alternate source of lively hood which could payoff most of the bills some highly paid jobs can not attempt to clear off. This post isn't meant to discourage you from your job. It's only an eye opener. Crypto trading can still serve as a side hustle to settle bills before the arrival of our large salaries.
For me trading is also an occupation because you can use it to earn and not just as an alternative but you can focus on it if you want. You just need to learn and educate yourself first before entering or making it as your occupation. And of course be sure that you have a huge capital to start. I don't agree that trading is gambling. In the old days people did not use money instead they traded with the things they had. It means even before trading is already present, but unlike nowadays that we use cryptocurrency instead of things or goods to trade. Sometimes, Religious group are very exaggerated. On their eyes and views making money using crypto are gambling but you know some of them are also investing in crypto, right?!