The source of income is where the money for the investment is going to come from. This shows how important it is to have a source of income before thinking about trading because there is no way that everything can be balanced when you don't have an inflow of money. This shows how important it's going to be to have a source of income, and even if the most important thing is the capital, the most important thing is going to be the upkeep. Because when you don't have a source of income or even emergency funds, how do you keep up with everything that is going on? because you cannot enjoy your trading without having money.
Before engaging in or diving into the world of trading, we should have a real and stable income. I believe trading is not suitable and not recommended as a primary source of income. The risk of loss is certainly present, but it can be minimized with good skills and knowledge. Furthermore, it's also crucial to have an emergency fund when entering this field. If you only have a certain amount of money but no steady income, it's best not to trade. It's best to trade when you have a steady income, including investments.
It is indeed very dangerous if someone does not have a stable income, it will affect all of their daily needs. Financial uncertainty can cause excessive stress, anxiety, and emotional distress, which can ultimately negatively impact decision making. Even to cover needs, a person may be forced to use emergency funds or even go into debt, which actually worsens their financial condition.
Yes, it is true that most people find this job very difficult to conquer. It requires extra sacrifice to achieve the success we desire. What we must pay attention to is not to be too brutal in trading. It's a good idea to record every mistake and win we make and act responsibly.This way, we can see how far we've improved in our trading.