Post
Topic
Board Trading Discussion
Re: Is trading an occupation?
by
Mauser
on 07/04/2021, 08:28:15 UTC


We 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.



In my opinion all kinds of traders can view their trading as occucpation. It doesn't really matter if you trade stocks, currencies, commodities or cryptos. As long as you are making a profit and can live of your trades than it is an occupation. Using trading to pay our bills is a good idea, but we also need to be careful that we fullfill all the regulatory requirements in our countrs. Another issue would be to pay taxes from our trades. It is not always the case that the broker or exchange will directly post our returns to the tax collectors, we might need to do it ourselfs. So taking away some profit for the tax payments at the end of the year is a factor we need to take into onsideration.