Is trading a good idea to earn passive income online?

[Immilash]

Most of us believes that trading is a very hard way to earn money but I can say it's very possible to earn money as a trader, most people earns tons and tons of money in trading,Better believe it, I suppose that is certainly feasible. There are numerous who really rely upon exchanging for procuring their full time pay and I surmise, some way or another they had the option to adapt.
What I am talking about fundamentally is that, it wouldn't be really smart to rely wholely upon your exchanges for acquiring a full time pay as the market for vary once in a while and on the off chance that you ought to rely upon it wholely, you should be certain that you will not have a consistent stream of pay. You may procure better this month and one month from now probably won't be so great. So I sort of consider it to be a danger and won't counsel anybody to put it all on the line.
The best thing to do is to attempt gain a source that you will acquire a consistent pay to assist yourself with at whatever point the market becomes negative and not great. Furthermore above all, we should realize that you can't simply begin exchanging from no where, you really want to initially make a venture from your cash; subsequently the need to find a side line of work or business with atleast a consistent progression of pay.

 

[Angelbane78]

Trading is for fun, you can't make money straight away

 

[Kingsley]

Life is all about trading, trading is about buying and seling of goods or services or even both. In this life is either you are trading in goods or services. As a teacher or medical doctor you sell your services and the students or pupils pays for the services, while the patients pays for that of the medical doctor. So also it is for those that trades in goods aswel, the consumers comes to them to pay their goods, there is no way any on can exist in this world and not be involved in trade in one form or another, because we all need more money or should I say addition income to what is on us.


When it comes to online traders mostly those of us that deals with digital currencies, the technicalities involved in it is somuch and hence is not something that anyone could just dive into without having a perfect insight. I believe that whatever is worth doing should be worth doing well online trading could be very good to make additional income and it can still serve as a major source of income. It depends on the level of ones investment in it .

 

[Good-Guy]

I must say that trading is simply not an easy thing. There are many people who trade in forex and cryptocurrencies and they make many mistakes that lead to big losses. One of the biggest mistake they make is that they invest money that they cannot afford to lose. This is a basic rule. Since trading is a side business, it should be treated as such. Of course there are many full-time traders, but they are risking their capital and this is what I can say. In order to become a successful trader, you must follow a great strategy that works.

Unfortunately, forming such kind of good strategies is not that easy because almost all kinds of trading strategies carry some risk. You must be really good at reading the market conditions and making the right decisions. You must be a good analyst and you must never "gamble" money with unrealistic predictions. Unfortunately, this is what many traders do. You can try to seek the opinions of expert traders who are already in the field of trading. You must understand the volatility of the market. The problem here is that cryptocurrency markets fluctuate at a high rate, but they take time to recover.

 

[eldavis]

Trading is not a good idea to make passive income, it's a great way to achieve this. I know of some persons who are earning massively from just trading. The reason why people see trading as a hard way to make money, is the fact that they have not fully understood how trading works.

 

[Abigael]

Trading is very good for earning extra money or passive income. This implies that you should be having another stable source of income like a job that pays all your bills. Then trading can just be for the extra cash. This is because the fluctuating market may not guarantee you pay all the time.

There are so many things you can trade these days, both online and offline. You just have to have the knowledge really well then start doing it. For offline trading, you may need to hire someone to manage it for you while you attend to your day job.

Online trading methods like forex trading and crypto trading may require you to do it alone. But since you likely don't work 24 hours a day, you can plan your time really well so that you can engage in the trading too.

 

[cashisking149]

Nothing passive about trading I'm afraid.You can do very well actively from it but passive trading bots don't work in my experience.

 

[Activator230822]

For me l don't see it as a great idea to investing in the online earning. When you pack the required skills, you will see the forex trading as gambling.