Post
Topic
Board Trading Discussion
Re: Should trading be for the rich?
by
petulino
on 29/11/2023, 13:06:25 UTC
There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?
Determining whether trading should only be accessible to people who can afford to lose money is difficult. The principle of adjusting access to trading opportunities is widely accepted in the cryptocurrency community, even if trading entails risks and necessitates a certain amount of financial stability as well as financial backing. In an effort to lower these barriers, decentralised finance (DeFi) systems, for instance, offer more open and welcoming trade environments.
Recognise the dangers inherent in trading as well as the need of prudent money management.