I will love to understand the difference between mining and trading? To some point I see trading more easier and convenient than mining but I guess is before I don't full understand how mining works! Most mining are done with machines but trading is humans strategies, so am definitely not inclined with their difference. Please help us with your knowledge, we're all learning.
In simple terms
Look at mining in a more conventional way. Like mining gold. You will need tools, equipment and effort to discover and extract that gold from the earth. Once you get it, you can either stash it for the future or sell it off on the market for money.
Mining is more like a business you invest in for long term sustainability if things go well. But not everyone can afford the equipment or the patience to wait long term for return of investment. Here is where trading comes in. Even with your $500 or less, you can still try to trade and get some profit.
Please note that there is no guarantee of profits short or long term. Every form of investment is a risk and we always hope that with the risks we take, we get the reward in the end.