You need capital to trade.


You need a source of income to survive.
Trading is not a skill for survival.
It's a skill for multiplying the capital you have from your survival income.
It's why 90% of newbie traders fail.
They come into trading with $100, which is their home and abroad, and they only have.
Expect to turn that $100 into $10k overnight.
Do not forget, inside that $100 is their next meal, their daily bills, the hope for the next month's survival.
The pressure to make a profit ASAP from $100 capital because bills need to be paid from there ruins their chances of ever becoming a profitable trader.
To become a profitable trader, raise capital, and make sure your daily survival doesn't depend on it. Also, be sure you have income means you live off of it.
It gives you a calm head to trade at ease.
If you don't have any income right now.
That should be your number one priority before trading.
While learning trading as a skill.
Focus on developing other monetizable Web2 and Web3 skills
Am I saying you can't depend on trading, hell no, you can.
I have seen people use their last kobo to trade, in days, they multiplied, it's highly possible, still is, but not an everyday occurrence.
And you might not be that lucky once. It might take you the burning down of your first, second, or third capital before you meet that big break.
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