Is trading a viable full-time income?

Anyone here actually trading for a living? Is it really possible? Like, can someone who trades Binance futures with leverage both short and long actually make a solid income? What kind of capital would someone need to pull off trading as a full-time gig? If your capital isn't managed properly, you might end up needing a regular job, so how should you handle your trading funds? Can you realistically make at least $5000 a week?

Everything you said is possible including how much to be made in a week but it depends on the psychology of the trader. You have to understand the market where you are trading whether leverage or not, a better trader will profit but an experienced trader will continue to lose. It is a bad artisan that quarrels with his tool. To manage your capital won't safe the day but the knowledge you have will go along way. Use a capital you can afford base on the exchange requirement.

There may be people trading full-time to earn a living there. Futures trading is full of risks especially using high leverage (25X - 50X - 75X) I myself am not sure it can produce long-term especially during market conditions like now. Capital depends on the traders ... the more capital the bigger the profit, but on the other hand the risk is also the same. Managing money is very important in trading, it's part of the trading strategy. Yes it is possible, depending on your skills in trading to find the right coin to trade.

I know their are people who take trading as full time job and they are doing perfectly fine. But for me I can't never advice anyone to take trading as  full time why because trading is very risky and no matter how good someone is in trading the person will still loose money, so instead of advising someone to take trading as his or her full time job, I rather advice the person to take it as an alternative source of income if the person is really interested in trading. This is not me blabbing or something there are people I know both home and abroad who are now back to square one, and trading is the cause. And this dip that even occurred in Bitcoin I believe that you guys saw some news online on how trader's  were committing suicide, why because they lost millions and billions in dollars in Bitcoin when the dip occurred in bitcoin. And this are trader's who took trading as their Source of income (full time job)

Do not see trading as a full time job, it is very risky. Just use 10% from the money that you are earning to trade instead and do not go beyond it. You can lose in trading today and make money in trading tomorrow. Making money from trading all the time is not possible. It is good to also read this: Do not depend on trading as a source of income.

Honestly, I don't think I would do this. Income in trading alone is unstable. Not everyday is a good day, there will be bad days. You won't always hit your target, there could be negative days/weeks. And there are worse scenarios. Best to incorporate it to a series of streams of income. In order to make sure you'd still be able to put food on the table if things go south. Things are more rough for peeps who are supporting a family too.

If it's about possibilities, yes the possibility is there to make that amount in trading. But you understood it that it should also come with a greater capital. That's why it's not easy to make that and getting into that point is really risky. Someone who's going to do this with futures, you're also putting your capital at risk because even if you set stop loss, you're not always in the safety net of your plans and you can unexpectedly burn and lose your trades still. Managing your trades will be learned later on after you've made so much money, that's the key there.

My simple word for him is that he should incorporate trading into one of the gambling that he is doing because trading can make him lose than win is what that is happening to people. Day trading make people to be more greedy Future trading make people to be most greedy With what he mentioned he should not just trade but make money from other places.

I heard full time traders but its not that they solely rely their income from trading alone. They have real-life businesses that provide them constant flow of income, and the profits they'll made from trading are just additional profits, not really their main profits. However, trading as a full time job and the only source of income? For me, it may probably work in the beginning but I don't think it will work longer. And to think that you have no real job that could finance your trading capital, does it mean it comes from taking a loan? That's very risky, and that won't work in the long run, even if you claim to be a professional trader in the market.

Trading is very risky, but you mentioned futures trading which is almost like gambling. Yes it is possible to make a profit by trading, many people are making a profit, but there is no guarantee that you will be able to make a profit consistently. However, if you face losses while trading, where will you get the money to start trading again? Also, how will you meet your family expenses? You will find that sometimes even professional traders face losses, so trading can never be like a full-time job. You should continue your job or business and you can trade with 10-12% of your income along with your job or business.

The amount of profit that can be generated will depend on the amount of capital used. And in fact, there are some people who dedicate their work solely to daily trading. They trade almost every day and earn income from it. However, I don't think it's easy to reach that stage. And usually, even full-time daily traders sometimes still need additional income. For example, we often find them opening VIP classes or similar programs where some share trading signals, while others focus on teaching analysis methods in trading. I also know a few people who do this. However, it is not easy at all. And for those who lack sufficient time, capital, and a strong mindset, most will not be able to sustain this profession.

No you can't. If you are a lucky trader, you cannot guarantee a fixed return, and since the obligations (rent, food, health insurance, etc.) are fixed, it is foolish to rely on trading as a full-time job. The promises that trading will change your financial situation are for investing amounts that you are not afraid to lose and not as a full-time job.

Professional trader is a job and you can get consistent profit if you have a very good trading skills. It’s not for everyone job since it requires consistency on your analysis regarding to the market behavior. If you are just new and trying to learn trading I believe you should not consider it as full time job due to the high risk involved. It’s easier to find a decent job rather than gamble on trading if you still doesn’t have good trading skills.

This depends on your average monthly expenses. Let's say you're earning $1k/month and aiming for a 2-3% monthly return , then you should have ~$35k-$50k caps per month. 2-3% is a reasonable return on investment (RR) ratio using low leverage. Suppose you're targeting 5% per month (this falls into the "rare professional trader" category). This is what professional traders who have tested their trading skills for years use. Without it, you're just dreaming of trade for living.

If you want to use trading as a full time income source, you need strong trading skills. Using your skills, you will conduct your analysis to pick the right coins and profit from them. It is not easy but you can do it so learning will be the key to developing high skills. If you ask about the capital to start, that is relevant because traders will have different capital to trade. Some traders may use less than $1000 but others with a lot of money can use larger capital. Yes, it is possible to make $5,000 weekly minimum but you must have high skills and a lot of money to start. The important thing is skills so you need to have these. You can set a capital only with the amount you can afford.

Possibility or not trading as full time job income depend on how much your capital and how smart money management, honestly I have full time in cryptocurrency trading but several fatal mistake make my self have looking for other source income like airdrop, become affiliate until find freelance job. You can make trading as full time job firstly you have much capital and spent out for few percent when entry at market, if your first order have drop significant you has change with other fund left to buy or trade any coin. You can't do it if have limited fund for trading and difficult make trading as full time job when your coins have bough already drop significant, honestly make trading as part time job only because you can manage trading as well as although you have main job as real job or still working as freelance.

We can decide to be a full time trader, this has nothing to do with being into loss or not achieving what we targeted, once we can understand how to trade and the use of strategy that best works for us, but the income may be inconsistent, sometimes we can be in loss, but considering all these, it's still better than we don't fully depend on trading as a source of income, having an alternative investment could be more better advised.

I'm not a trader, but there could be some of us here that goes full time with it and making money. I remember back when there was really a hype on crypto trading. That was in 2017 as there was a lot of members making money. But I'm not sure if they committed full time though or it is just because we are in the bull run that time that they so called making a lot of money and quitting their regular 9-5 job. So let's see if someone will going to answer your questions. Or trading will be gate keep by some of us who are making thousands if not hundreds of dollars every month. Of course, they needed huge capital to begin with and that they are willing to take the risk to make money in this industry. But in any case, it's not that easy to trade if you are a beginner and it will take some time to become a good and professional to earn that kind of money that you mentioned.

Taking trading responsibly as a full-time source of income may not really be a problem and yes, there are regular and irregular traders but all are reacting according to their risk managements. Most importantly, trading alone can not be reliable for a living so, diversification is the only way to survive it While trading may be as alternative source of incomes. No specific amount instead you leverage according to what you can afford because trading is risky that should not be taken a primary source of income.

If you’re thinking of diving into futures leverage as your first actual trade as a newbie, I don’t think that’s a good starting point for your trading activity. First, learn the basics of trading. Second, do you even understand the crypto trading industry you’re getting into? Because from what I see, you still have a long road ahead in this trading industry. In crypto trading, you can start with as little as $10 if you just want to practice first. Then, if you do decide to jump into futures right away, you should only use a small amount initially, and the leverage should only be around 5-10x. You don’t need a large sum right away. It’s actually better to start with a small amount and grow its value while you practice, rather than losing $100 immediately while you’re still learning how to trade. And finally, remember there’s no fixed profit amount you can guarantee in trading; that’s something you should always keep in mind.