I have noticed that people are advised to gamble with 2% of their income while some said the advised amount to be used for gambling should not be more than 1% of their income.
Trading is not gambling but it is very risky also because most traders are also losing. But with small right strategies and patience, losses can be minimized while profit can be achieved. People think the right strategies starts with the percentage of money used for trading from their income
What percentage of someone's income do you think is advised to be used for trading?
I don’t recommend any percent for anyone to trade with, if you are planning to trade, then make sure you trade with any amount that won’t really affect you Incase if you lose it, because in trading, their is no way we can’t avoid loss, and some people will trade with so much amount of money, and they even going to ignore the risk involved in trading, they are always so confident, and some might trade with so much amount of money, and after losing the money, they will start regretting why they trade.
You can decide to trade with any amount, and trading is less risky compare to gambling, but when trading, you have to consider the risk involved in it also, you shouldn’t be so desperate for the profits which you are going to make. I already have the amount which am trading with, so I don’t even deposit more money to the wallet even after being paid.