Trading can be considered as a source of income, but the trader must learn with determination to reach that level. There are many who consider trading as a source of income but when they lose their capital instead of profit from it, they get discouraged. To do something good from trading, a trader must go through hardships. There is no chance of regular income in this platform. Those who want to depend on it should definitely change their goals. It is not possible to become successful as a trader by learning only technical or fundamental. Trader must also have a financial backup and try to be realistic.
Trading is risky, so it’s never meant to be considered a main source of income, except for those who have exceptional skills when trading, otherwise a lot would rush into trading and see it as a get rich quick tool and eventually lose all their trading funds in the end due to wrong mindset and decisions.
Instead, trade to gain additional income. See trading as a side hustle, that way if you lose from it, your main income will not be bothered and affected.
Those whom we see as traders are not just trading alone. They are also hodling bitcoins in addition to their trading activities. Some traders set of trading academies where they teach young people how to trade. They do all of these to help sustain them so they do not rely heavily on profits from their.
When a trader engages in other things to earn money, it does not mean that he is a bad trader, it is just a way to distract himself from getting so emotionally attached to his trade and withdrawing his investment prematurely.