Bitcoin Forum

Trading look like a hard to understand game and for any new person in trading making profits is always hard that is why am here to ask how can a newbie make profit trading coins and what manual can be followed.

Trading is a game where you're mostly going against the top quant trading firms, unless you're trading those low-cap coins where they mostly wouldn't even bother trading.

And there isn't really a sort of "manual". There are trading basics out there, but in the end you come up with your own strategies. Because if you and a lot of people follow and use a single strategy, chances are the profitability is going to be really low and you're just going to try to front-run each other.

Your topic title indicates you are looking short cut to become rich. That's the prevention of becoming rich from trading. Because a greedy attempt is enough to throw you to the road, to be honest. If you don't have enough patience then practice it. Don't try to become rich over the night. Trading isn't an investment scheme, here you may make a profit or would lose your capital as well. So the suggestion is to start trading with a small amount and practice, learn as much you can. Read articles and watch YouTube for learning purposes. Then day by day improves yourself.

trading and investing has same level of complexity , in trading we must mastering all technique needed to analize price is it technical or fundamental?. accumulation strategy that applied on trading will have better result than investing. in investing we will miss on daily volatility that should taken as opporunity to earn money.

trading is a profession like any other.
you can do it as a hobby but obviously you can't expect extraordinary results.
you do not base your activities on luck you must have a certain knowledge and experience that a newbie certainly does not have "by nature". Ok the luck of the beginner, but from here to get rich I see it really hard ... maybe impossible ::) for the 99,99% of people that will try on it...

Off course I know there is no short cut to become rich in trading, one for one to become a successful trader their need time and persistence in trading even if there is an ups and down during trading time.

Yes, A newbie "can" become rich through trading or even be more successful than experienced traders, but that factor at play in most cases could be due to what I call luck. You could make your first trade with the right asset at the right time, and then you hit a jackpot more than someone who has traded for 5 years, but the question is are you willing to rely on luck?

Certainly not because luck is unreliable. It's like gambling. I would rather learn and perfect my strategy over time.

Trading is always hard particularly for newbies who still lack the knowledge and experience. But if you are eager to learn and do what it takes to learn in trading, then hopefully in the future you will make good profits in trading. But don't expect to make it happen today, everything in trading takes a long process and you should be ready at all cost. There is no manual in trading, everything is learned through experience.

If you enter trading without prior knowledge and skills, literally it will always be hard. This is why one should never do trading unless he is knowledgeable and capable. Otherwise, you will end up in a mess if you insist to trade. Newbies are always bound to lose in trading, they will only start to make profits in trading once they gained the knowledge, experience and skills. And generally, no newbies will make it big in trading. But most of the legends do.

Learn, gain experience and earn.
Everyone started out as a newbie and you have many choices in crypto. You can either trade, hold or do the other ways of growing your portfolio through staking.
Keep reading many materials about trading and the market itself so that you are informed on what it looks like. It's easy to think that a newbie can become rich in trading but the actual process is complicated because there can be a lot of things that can happen and your emotion, it will either make you stop and give up or give strength to continue.

Before newbies can start making money I believe you will have understand what cryptocurrency trading is all about,  if you understand what trading is all about and if you can take your time and do your analysis very well then I believe you will definitely make your money. The professionals you see today also started as a newbie but with consistency and patience they are now professional. If you understand the basics them you will make your money even if you are a newbie.

If you are completely a noob or zero knowledge about trading then it would be just sensible on having
this kind of learning curve or path.

1. Study babypips.com and finish the course
2. Try some actual trades with actual balance
3. Learn from your mistake
4. Try to make some good control of emotion/ Good risk management

Dont rush up yourself on learning everything or getting rich.Mind about on how you would gonna survive.

Change that mindset first.

Those that I know that wanted to become quickly rich, they got into scam investments and other fake schemes. Because they were rushing and doing unnecessary things to grow their money in the wrong way.

You need to take time and gain knowledge not just in trading but also in how you'll take step by step with your plans. Enjoy the process of trial and error.

Newbies can trade by just buying bitcoin, holding it for a long time, and finally selling when the price considerably surpass the price you bought your coins for.

That is the manual and it's called long term trading. :D

Anything else on short run and involving altcoins should be taken with a grain of salt. Even professionals aren't safe on this game, imagine newbies...

From scratch and becoming a successful trader isn't easy for a newbie (is there someone successful in trading?).  There's a lot of experience you need before you'll understand the market and there's no shortcut to it and you'll face a terrible problem when you lack knowledge and skills.  The more eager you have in yourself seeking profit could become greediness which leads to becoming a victim of scams.  So don't rush anything and don't think that you will quickly rich in trading, because once you are new to trading, don't expect too much in profit, sometimes we value our mistakes as an experience that we must avoid in the future.

I believe investing in the long-term will be the answer to your question but for sure not as quick as you want, however, there's no time frame when it will happen.

In the past there is an understanding among the new comers to cryptocurrency that it is an easy way to get rich. If they were asked how this gonna happen, they don't know. There is a need for proper education about the cryptocurrency market. People are well aware about cryptocurrencies, but the awareness of it as an investment, trading asset, transaction source and everything need to be taught. Someone might've got lucky to become rich in a short term investing on any of the cryptocurrency. With that one should not expect the same to happen for them.

It is very difficult for newbie to do something profitable by trading. A newcomer comes to the marketplace and see that it thinking about 6 months to 1 year. It is very difficult to make a profit by trading newbie, al though sometimes it is seen that in many ways they are doing something very profitable, it is only working as a luck.

Hard or not, you can answer if you deeply think about it.

Question

• If all or most of traders, exclusively newbie traders, are able to earn profit or better become rich by trading, where the money come from?
  
  • It is unrealistic to think that such money comes from older, more experienced traders.
  • Newbies are more vulnerable to loses than experienced ones
• It's the zero-sum game so the money flow will be from the poor to the rich. Most of newbies are the poor and get poorer. Most of experienced traders are the rich and get richer

There are no short cut in trading you know, and it also advisable to invest rather than trading. In crypto trying to become Rich over the night is very risky and you could also lose your capital. And again there isn't manual it just basics you have to read and patiently wait for the next big opportunity.

It takes times but eventually once you understand how it works then sure you can become rich, you can start trading with any amount but I can say that higher the capital then chances are more for you to make profits. There are different types of trading which can be learned in a lot of ways like through courses, online blogs, guides, even people teach you things so pick one which suits you.

Yes its really hard especially when you are a newbie. There is always a path if you really wanted to succeed. Thus, this need perserverance and ability to cope with idea and basics of trading. If you also have some patience maybe you could end up winning on trading. Many techniques have been resurface and once you grasp it then its likely possible to get rich.

Anyone can be a trader as long as he has a knowledge about it. But not everyone can succeed as a trader because its not easy as it seems. Even experienced traders are sometimes having a hard time to gain, so what more for a newbies?

If you're really determine to succeed as a trader then you need to educate yourself and gain experience. Becoming rich is possible but it will take time so dont rush things.

its very impossible to happen, unless if that newbie rely with copy paste trading or provide a bots because surely he can make good profits after all.

Infact most stories of some popular traders around the internet , they took approximately 4-5 years before they became a successful. So its a world record tbh if however there's a newbie that will become rich because of trading, and it's literally a bypass except what I've mentioned above.. Lol

A newbie trader or even a professional trader still needs effort and hard work to be successful,
we know that trading is very complex and need to learn many things to survive,
both knowledge, skill and patience are important things and are definitely needed in trading

Trading is not an easy thing to do, and definitely its certainly not a get-rich-quick scheme. And everything in trading is taught and learned with a long process. So we can never expect a newbie to become rich in trading, even if he focus trading only with bitcoin. But i do believe that crypto trading will bring fortune but most likely to those who trade with knowledge and expertise, and definitely to those who take big risks that are also capable to manage the risk.

No guarantee to that. Every trader makes losses and newbies will loss more because of lack of experience. My suggestion is to continue doing your research and practicing your technical ability to read and analyse the market. Use technical analysis

Honestly, No. Coming from your title itself "Newbie" which means new and new traders explore first and gaining experience and knowledge maybe there are some people who are new and invest to a coin that pumps and give them good amount of profit but that doesn't mean it is called trading and maybe he is just lucky.

Newbie can become good trader and the time varies when he will good at trading and once he is good with trading, he can definitely become rich by just trading alone.

It seems that the opportunity for a newbie to become rich by trading is very small, because trading is not something easy. Because the newbie
does not have enough knowledge about the crypto world, and also the newbie is not experienced in trading. Therefore, the possibility of
a newbie experiencing losses when trading is very large, that's why crypto trading has a very high risk. Even I, who have been trading crypto
for a long time, have not become rich from trading, need good skills in market analysis, and also need experience that allows us to understand
how to make big profits from trading and finally make us rich. I have a mentor who is experienced in the crypto world, he managed to get rich
from trading crypto, but to be able to achieve this there are many processes that must be passed. So getting rich from trading can't be instant,
we need to go through a long process. As long as we continue to study the crypto world well and improve our trading skills, it is possible to
become rich from trading.

You can't just jump into trading as a newbie if you don't have any prior knowledge or experience with the notion of trading, such as marketing analysis. Because trading is a risky business, you could make money or lose it. When you're trading for the first time, good luck may come your way, and you'll have a better chance of succeeding.

Becoming rich as newbie could be base on luck not certainty, meaning as a new person coming to trading can be futunate enough to buying into project that can make you millions within a shot period of time you got into crypto.
Example could be seen on Shiba Inu, a lot of new people that dive into trading Shiba Inu got rich as at the time the coin saw its dramatic increase in price.
Then for manual thee is no such, DYOR.

Newbies need to learn first then maybe can be rich with trading, newbie needs to learn about market support and resistance level and this can be learned from YouTube video guides available on Youtube and also available articles on websites, so first need to learn then can be rich if follow the trading techniques but without learning can be rich.

It’s hard until you say so! I have seen my circle getting permanent in trading for their daily wages. Nothing is impossible, there are tuitions, online free classes, videos blogs for everything these days. If you really want hop in then you just need to be very consistent with learning’s.  Rest of the success will follow.

Everyone is newbie until you grab the knowledge about the topic.

Be careful with those thoughts. There are no big results that are not accompanied by effort, experience and knowledge and the most important thing is "big capital funds". Besides that only luck and luck will not come continuously.

If you are a beginner and think that trading is profitable, do it right and don't assume that you will get rich in no time. In fact, there will be many failures that you will faces. But as long as you want to keep learning and trying, I'm sure one day you will become an expert.

If you are afraid, the only best way to make big profits is to become a BTC holder instead of trading without experience and knowledge.

All professional traders started as newbies, and they also have a hard time learning and understanding what trading is. It is just that they have more patience than you because you want to learn it right away. I am pretty sure if they share the thing that they are reading, you can't still understand it and you can't win any trade because trading has no shortcuts and you need to discover it for yourself. I know your frustration. I have felt it previously and asked for a strategy and what should I read to my friend who has been trading for 3 years. He gave me his strategy, but it isn't working for me, so I decided to learn on my own and made my own strategy with which I started winning trades.

i can only tell you that trading is not orderly difficult if you know the basement or the rudiments, people who get it wrong through trading is people who venture into without knowing the foundation of trading, many newbies who falls of lost into trading is those who have not come across of any article or guide of trading before...so if you want to merit trading you have to be curious by reading trading article's online and also acquire some knowledge through YouTube videos

Anyone who wants to starts trading must make sure that they have enough funds to engage in trading, because there is no way that you will be able to make money if you don’t have money and time to dedicate into it.

Day trading is something that you would have to dedicate your time, you have to always be in front of your screen majority of the times and watching the market and doing analysis to know where it’s heading to, and knowing when you have to buy and sell. If the OP is seeing it as a short cut to become rich, it’s not something that’s going to work.

Its not about becoming rich since the beginning.. you have to find your strategy first, even if there are multiple tips and tricks for this, you will eventually find what works for you. With time.

I believe we still have some traders who may have not started on a bad not in the sense that one don't have to lose while learning, you can still gain profits along your learning stage as a newbie.

A newbie in trading can make profit if they follow the simple math - buy low and sell high. If they dont follow this, they will go into a frustrating cycle of wrong prices to trade at and unending cycles of pain.

Now I dont know why you even speak of "manuals" - the basics of trading can be easily found on many internet sites and there is no guidebook to profit, otherwise everyone would be using that to become rich and there would be no poverty in this world.

Instead, use this basic method to place mid-long term orders. That should be enough to get you started but it will require patience to reach those targets.

.
Anyone has the opportunity to get rich from trading, and vice versa everyone has the opportunity to lose because of trading, in trading there is nothing that guarantees profit so everything relies heavily on luck, of course we also have to learn from many techniques but it never guarantees profit, the easy thing we did when we were newbies was trading on new listed coins.

a newbie I think it's hard to get rich from trading results before he becomes a professional, or luck is on his side. if you start from a beginner, I suggest not looking to get rich quick, but we must invest in knowledge to lead us to the treasure that comes from trading later. Get-rich-quick thinking like this is used by marketing to drain customers' money, because they are tempted by instant results and time

Anyone can become rich with trading, including a newbie but with terms and conditions.
Before you trade, you should have skills in analyzing the market and choosing the coin you want to trade.
Learning trading needs patience and time to understand the lesson and you must practice what you learn so you can improve your skills in analysis.
You should give time yourself to learn more lessons and get experience from trading itself so you can analyze the market and make a profit.

Most newbies don't really know what is the key to becoming successful traders, some of them after a few trades, especially losses tend to stop their journey in trading.
For me, the key is to be in the game for the long term, capital preservation, and it will lead you to become "rich" in trading, minimizing losses, and maximizing profits.

It's a matter of a lot of learning and also luck. It's a matter of understanding TA and also the psychology behind it and behind every rumor and news coming out.
I don't think that one mastering all this can still be called newbie. Not any longer, by far.

So for OP question the answer is "no".
A newbie will most probably treat crypto trading like gambling where he has a bigger chance to win if he pays a bit of attention to charts. And, if he's careful at the fees and he has entered in a good moment, he will earn some... until the trend changes unexpectedly and loses more than he has earned. Then he will either leave disappointed, either get on to actually learn (and get back to trading when he's no longer newbie), or... start holding...

It is more difficult for a beginner, of course, but in general - the scenario is quite possible. It all depends on the approach to work and the desire of the trader.

It all depends on how you can work hard to improve your skills in trading, and remember, trading needs a big effort to master the skills, especially skills to analyze the coins. Trading is not about buying low and selling high, but it will have more than how to find the right coins, when to enter the market, etc. Being rich is just a matter, but how can you pass every learning process about trading? And that will not many people can do it because the efforts that I mentioned before will disappear in the middle of the process itself. So you need to think twice about the hard of learning to trade because trading is not as simple as you thought.

all are traders who come from beginners, they have gone through a lot of experience and learned all trading strategies, so it seems easy to make money now. you have to train yourself, by learning more about the market, so that your trading and analytical skills will be maximized well. do well and study hard to be able to trade. because no one gets rich fast.

Yes, it's possible but a newbie still has to go through a lot before he reaches success because, to be honest, trading is a long process of learning. It couldn't be a shortcut to getting rich so it requires hard work, perseverance, and eagerness to learn not just the basics of trading but also all the effective strategies that you could apply. There's a chance for a beginner to succeed but it will still take time.

You might not agree with me, but a newbie has not a single business trading.  What a newbie should focus on is learning and understanding the concepts behind crypto currency trading while raising capital. Also, there is no manual to trading crypto currency, there is no great teacher idea, the more you learn, the more you know; the more you trade crypto currencies; the wider your knowledge grows. so newbie should take up position of a newbie and learn before  trading. Crypto currency trading is not a get rich quick scheme

It depends on what you mean by this, if a newbie through their hard work and dedication studies the markets, learns from his mistakes and designs a good strategy then they are not a newbie anymore but their chances of making money with the markets grow significantly, however if you are asking about a newbie actually becoming rich with trading then there is still a chance for this to occur, however it would be because of luck and nothing else, something in which you cannot rely on and that most likely will bring you misfortune and not the riches most people expect as a trader.

You could definitely have that kind of possibility on making yourself rich but it would vary on different factors or circumstances.

1. How well you do trade
2. How much would be your capital
3. Sustain
4. Emotion/Capital management

Dont rush up on doing things because this would result into mistake.

Learn the basics in trading first. Once you gained good knowledge and is ready to experience in real trading, that will be the start of developing your own skill and enhance your strategies that will work on you. Do not expect for instant profits if you are still new to trading, that is very impossible to happen. While some newbies have their own beginner's luck, but in most cases, newbies are still prone to losses. Being rich will only be achieved once they perfect their skill but that will take a lot of years of experience.

Yes, of course you are right. Trading is like a complete gaming system. There are a lot of newbie traders who can't analyze well, but at the same time bring huge profits from the trading platform.Where experienced traders cannot bring. So I would say that if you are lucky then you are more likely to be a newbie to the trading platform.

In addition to this list,
 * We have to know our limitation

---

And OP must understand that trading is not the fastest way to earn money and make us rich. But yes, It was very certain to make a profit in trading if we are also willing to learn and follow advice from others. As the way we think positively and focus on our trading plan, it is too possible we able to reach our goal and become rich, but of course, just it takes time.

But don't  rely on luck if you are already here long time.
It takes experience, skills or hard work before you will see the fruits of your labor.
Luck is in play if you are mostly investing in alts or meme coins/tokens or other hyped-up projects.
But if you will stick to top alts, knowledge and other know-how will play great role in your trading results.

What work are you talking about, is it to work to build a trading skills or work to persist trading even if the trade is not going in your favor, most newbies are stock between the decision to either continue trading or quiet if their losing merging is greater than profits.

Generally we come to crypto platform with having wrong idea that how can I get rich with in shortest time. This is the expression of greediness. This thought  ultimately destroy your dream before entering the platform. So very beginning in crypto life I would like to suggest you to join crypto platform and start to lean. If you are to be a good learner then you will also be good earner. You have to set your mind that approximately two years you cannot earn anything form the platform accept learning. Just remember that trading is not only a investment platform here your experience work in the same way for to get success.

Relying on luck alone will not make us get the profit we want besides investing in meme coins or hype projects is quite risky,
maybe it's better to prioritize to improve our knowledge and skills to support in trading or investing,
but again it all depends on each person's decision

In a situation whereby your trading is not working out, you shouldn’t just keep persisting, you should as well make sure that you are looking for solution. When it is not working you should look for the solution and know the areas you are making a mistake and try to solve those mistakes you believe you are making And see how good you would get after that.

So, you don’t just keep persisting when you are not really looking for a solution to the problem, with the believe that things are just going to workout due to the fact that you keep on persisting. And sometimes it’s best for you to just look for something else. Trading isn’t really something that everyone must do, yes it is a really good thing if you can do it, for the fact that you’ll be making a good amount of money from it, but it is still not a must that you would do it. There are still other things you can do which will fetch you income as good as that.

keep studying. there is no instant way for it. many people think that trading is a shortcut to make someone rich. in fact, if you are not prepared for it, it can cost you money. Because of that, you have to keep learning. even people who have been trading for a long time cannot guarantee continuous profits. because of this, what needs to be done is to learn continuously, because market behavior is always changing.

When you're still think trading is a game and moreover you're a newbie, I'm pretty sure you wouldn't become rich with trading. Trading is hard, you need have experience and have good enough analysis, which mostly doesn't have on a newbie. When a newbie want to start trading, it doesn't mean he will always loss because trading also need luck and you might lucky the market on your side. Keep in mind, I'm not a professional trader... but when the first time I've started trading, this is what I learnt so far.

You can become rich through trading, just give it your all. But, it’s not easy, know if what you’re about getting into is something that works for you. I have friends that have tried to be traders and after they have given it a try and seen that it is not something that would work out for then they have decided that it is not meant for them since it is not working for them.

Some of them have also continued because they see the possibility. And the answer is a yes, people can make money by trading cryptocurrency but it may not become possible if you are not ready to continuously learn new things.

Actually no because as being a newbie you don't know what you are doing in the market and how could you became rich if you have zero knowledge upon dealing with volatility for sure the real scenario there is you get broke first or maybe many times before you will come up with that status because every defeat on trading you will learn something that you may apply on your trade so be consistent trader if you want to be rich on trading.

not for new people or for people who have often done it, still always pay attention to something with an analysis that can indeed be used as a reference in every trade that will be made.
to trade, one of them is to consider the factors that affect market trends. so when more people buy a certain product, the price usually goes up, when more people sell than buy, the price tends to go down, so we can immediately start doing what we think is best.

which is no less important, the mistake that most people make when trading crypto is to give up quickly when they feel a loss. This happens a lot among beginners and also does not rule out even the experienced ones. When they experience a loss, their emotional level will be greatly affected, so always putting things like this aside is a must.

However, as you can see, we begin as newbies and must learn and gain some knowledge in order to earn money. You can still be referred to as a newbie when you are first starting out in the market, but as you gain more experience, your level will rise. You can earn more money by increasing your level. When it comes to newbies with zero knowledge, you can make money, but when it comes to newbies with knowledge and who are ready to start their first trade, that is when you have the best chance of making money.

more precisely a newbie with preparation who can benefit from trading or investment. I think there is very little chance that a newbie with 0 knowledge and experience can get their first profit in trading.
Crypto trading requires sufficient skills and knowledge to be able to make a profit. newbies usually just come along to buy assets and hold them. wait for the pump moment and sell it. a simple technique that can be done, but for trading, of course, newbies have to increase their level first to be able to get a decent profit.

Yes, definitely, but of course not instantly.

Trading is a high risk high reward kind of earning money. Your chances of getting rich in trading entirely depends on your level of knowledge and how patient are you to study a lot of things you should know in order to attain the level of professional traders to earn big money after years of trading. It's normal to lose your money, it's normal to be frustrated, but the most important is you don't have to give up easily if you really wanted trading to be your great source of income.

Not every beginner becomes a successful trader, despite the fact that everyone makes efforts to gain theoretical knowledge first, and then practical knowledge. But some newbie try to start trading without having basic knowledge, and in such cases it is like a casino that leads to the loss of money.

The average trader who has made a profit will find it very difficult to explain to novice traders how they think and trade because what they think is the result of their years of experience in trading. you must be able to find the best way for yourself so that you can always profit when trading.

It is undeniable that what we expect from trading is profit but we cannot have high expectations to make big profits in a short time, especially for a beginner. all of that requires a process where skills and experience in trading greatly affect future trading. if you want to start trading, make sure that the capital we spend is in accordance with the budget and start seeing and understanding the crypto market. in the world of trading, there is a name for profit and also a failure that it can be found at any time and we as traders must be able to accept it. Make it a lesson in the future to be better at trading.

Beginners can get rich with Bitcoin, the key is that they must be consistent with what they are doing. Don't get bored and give up with crypto. Because in many previous cases, beginners withdrew from cryptocurrency because they claimed they couldn't deal with a volatile market, they had to be patient. and mentally strong to face all the possibilities that could suddenly happen. Moreover, most of the geeks will usually experience failure at the beginning which we can call the initial warm-up to the real trade.

Pro-traders are certainly coming from newbies before they reach their position by now. I could say that everyone has the chance to become rich and to become a trader, it is just a matter of how we help ourselves to make things possible as this really needs the ff;
 * commitment
 * plan
 * self-confidence
 * patience

But if we are a lazy people and wanted instant, becoming rich in trading is way impossible and definitely, we end up failing.

in my opinion, if a newbie gets big profit from trading and becomes rich, it may be because of luck. because someone is said as a newbie if he is new to something, lack of experience and have ni knowledge. So if he wins high profits from trading,he is luck.
in this case,why the concern should be rich?
rich is cimplex and definitely ir needs peocess. and a newbie should pass many process and experiences to reach ut. nothing permanenr will be instant

I think as a newbie there are many things to learn in trading. I also new in forum but i had an experience in trading with my friend. There i saw no theoretical method work physically but instant decision works in trading feel free always. So i think there is no alternative of practical experience in trading and gradually a newbie in trading will be more efficient.

No manual, no alternative way to learn to trade. A newbie must have to start from the very beginning and that is to learn the basics. This is not a hard thing to do unless you are in a hurry which is also one reason why many newbies fail.

Indeed, aiming to become rich is somewhat ambitious for a newbie, however, this is really impossible for their status. It has to accept that newbies can't be rich from trading because of a lack of experience and knowledge. But we don't take this as an excuse, we instead make this as a sort of motivation and enhance our capabilities for this is the only way it helps in order to become rich.

There's a wide explanation about that 'best way'.

It's going to be an addition of strategies, experience, and patience. But with newbies thinking of being rich in trading, it's totally okay but they shouldn't think of it to come asap.

That sequence of their life would come eventually and they have to go through too many losses and learn from those.

I totally agree with this.

Newbie mindset would be always to get rich overnight in trading, which is impossible, that's why most of traders are 80% failed on making profits if I'm not mistaken (correct me if I'm wrong). It is very easy to enter a trade but hard to make a technical analysis that will help you with a higher chance of probability to make profits in the long run.

It won't be easy because you will lose a lot of money in order to gain the experience you need to be a professional trader. Patient is the key and consistency.

Every professional trader was once a newbie. There are tons of academies online and offline a new trader can enroll in to get the right knowledge about trading. The major concern is not where to get the knowledge but will there be patience to ensure the classes are well followed because one thing is to enroll and another is to complete it. So many traders are half baked and keeps complaining about losses even more than newbies

If you're looking for profit then anyone can make a profit although it's only by luck if a newbie becomes rich from trading then I doubt it can happen since becoming rich from trading have a long journey and you should know a lot of strategies, more capital, and more experience in this case you're not a newbie anymore if you're rich from trading.

Yeah trading can be very fun when you are on the right track and you making steady profits and this reflect your General views on the subject matter.
And with my own experience I have come to the point that without good trading skills any one can lose in trading.

Trading is not a race but a marathon. You can search on google how to choose good coins because the article and news about cryptocurrency is already well-spread around the platform so you can ask and search any particular questions you are curious about. But again, the thing I recommend is don't be afraid to lose in the beginning, you have to make sacrifice to start so you can start with small amount first and then learn it from there.

The learning part is not that difficult to understand, it is something that is very important and everyone should be learning how to trade and what to be careful about while trading, if you do not do that then you will lose money and if you can't see that then you are going to be pretty upset about it but there is nobody else to blame but you.

However, we need to also make sure that we know what a newbie means, if you are a newbie, and start learning and get rich, then maybe by the time you are rich then you are not a newbie anymore?

I mean if this is my first day in crypto, and in a year I turned my 100 bucks to 1 million dollars, that makes me a veteran already right? Why would we call someone a newbie when they achieved that? So, a "newbie" can't get rich, but anyone who gets rich is not a newbie.

Trading is a complete gaming system. If you have good luck then you can do something good from trading platform. There are many people who lose a lot by trading and then become destitute.Again, there are many people who can make a good profit from trading platforms.I would say trading depends entirely on luck.

Why not? Crypto currency trading is meant for everyone as long as you understand the skills involved. There are even some of us that have been around here for a long time and we still don’t have a clue of how trading works.

So, if you can understand it and you can be good at it then you should go for it. All you need is a good amount of training and you’d be able to start making money through trading. And before you start you should as well make sure that you have enough capital to engage in this business, because the risk involved is too much. It’s just something that you would get better with time as you continue to have experience in the market.

no one gets rich in a short time, unless there is a miracle by finding treasures left behind in the past. crypto can not make everyone rich quickly, especially for beginners who are new to crypto, they have to study hard to understand the market and their analysis really has to be precise. and spend more time understanding the market.

Crypto doesn't make people rich in no time. Everyone who is successful in crypto has gone through many hardships, from finding capital to trading and studying hard to understand the market. successful traders of course also have experience about the state of the market, their instincts are close to the market. for beginners study harder, and practice trading skills in order to make a profit. no shortcuts here.

It is true that getting rich can be obtained through crypto trading, but that does not mean it can be achieved easily. As you said we need to
work hard and also have to understand how to read the market. And all of that was achieved through a fairly long process, so that we can really
understand how the crypto world works. So we can understand effective strategies to be able to generate sustainable profits. It seems that it is
impossible for a newbie who does not have the knowledge and experience to get rich through crypto trading. Because crypto trading cannot make
someone rich instantly, so only people who have studied the crypto world properly and have trading experience will make it possible to get rich
through trading crypto. Therefore if we follow a trading group and the owner of the group promises us we are rich by joining a paid member,
it's all a scam. So my advice is that instead of joining a trading group, it's better to spend money on trading courses.

It's possible that some newcomer successfully bought a coin when it was worth a cent, and then sold it for thousands of dollars, but I can't believe it. After all, to do this, you need to have the knowledge that will allow you to invest correctly. And if you have such knowledge, then you are no longer a beginner. So you can get a profit only after you get the knowledge.

Trading is never easy as long as you think it's easy (newbies usually think trading is easy)...

even a professional trader still has a high level of loss, if a newbie doesn't want to learn slowly from the bottom/basics, enjoy every moment when trading, learn continuously and mentally toughen up to deal with any market price movements then it's impossible for them to become a pro in trading.

The discipline requires for success iin any field is also requires for success in trading. Trading is summary of your skill, experience, patience, growth and capacity! To answer your question straight, it is possible for newbie to make success of himself in trading. It will however take time to attain success!

Obviously because they are new to it, that is why they think it's hard but to be honest trading is really hard even for someone that are not new on this scene but it is possible to become good at it if you will keep on learning and keep on practicing. We have good traders that can be say successful already because of what they have earned and the things that they bought during their stay in trading. If they can do it then why cant we?

There is nothing special about them but they are also humans like us. For now it's impossible for you to get rich in trading because you are still a newbie but soon you will as long you follow my advice above.

I actually make small investments and this method can provide me with a small profit. But yes i am participating in a lot of bounty to get back the money i lost while trading. But you can start trading with some ideas and you should start with small capital. I think in this section you should search for a lot of ideas to find out exactly what you need right now.

In trading I don't think we can really avoid losses because after all it is part of trading,
basically in trading requires knowledge and skills and it has an important role,
to be a pro it takes a process so keep learning and improving your knowledge and skills

That "not instantly" means that he could get out of the newbie zone, that's what we are trying to say here. I mean can they do it? Of course, they can, a newbie who starts today could end up becoming rich "eventually", but by the time they are rich, they will not be a newbie anymore.

This is why there is no way of saying that a newbie can be rich but also, we can say that all the people who got rich were newbies at one point. So, in the end we could say that newbies can be rich eventually, all newbies do not become rich, but all rich people were newbies so if you are a newbie and want to trade then go ahead and learn how to get rich and become a veteran eventually and maybe be richer as well.

Basically this, a newbie has almost no chance at making money in the markets, however that does not mean there are no chances at all for a newbie as we were all newbies at some point and then we stopped being one as we learned more about the markets, so newbies have hope but they need to be willing to put into the effort and learn all what they can before they begin to trade, and if they do then the chances they will become profitable will increase dramatically.

Who says a newbie have zero chances of making good profits from trading cryptocurrency the fact that trading is associated with high risk of loses we should also not under estimate a newbie luck.

Every professional trader started has a newbie so definitely newbies can really make money in trading but they just have to understand what trading is all about, they should learn the basics of trading and I believe they will definitely make money.
The newbies that I know can not make money are the once that don't know anything about cryptocurrency, but they hear their friends or relatives talking about it and they think they can start trading and they will be making money.

Crypto is almost the shortest legal cut to getting rich, unarguably so but can also wreck anyone if he invest in wrong projects or invest at the wrong time. Any time you buy bitcoin is good time but the better strategy is to pick at the bottom because if it  will somehow reach a new all time high in the space of 4 years.

Nothing is impossible in life if you devote your time, energy, and thoughts to it. So being successful in trading does not require rank or level; you can be a newbie and be successful in trading while someone who is a legendary member may fail; all you need is a good basic foundation in trading, know and acquire a very good knowledge and understanding about cryptocurrency and trading in general, and I am confident that you will be able to make it in crypto trading.

But no one can tell you when will the bottom be. This is the common mistake of newbies in crypto market, they thought that getting large profits is easy peasy. But once they got in and got acquainted with the market, they realized that they still need hard work in order to get those profits. It may be one of the shortest route to get rich, but that is if you got lucky with your investments. It is true that you can get high profits at a short period of time, but it depends on your strategy and the coin you are involve with. But if you happen to invest in a pump and dump coin, you will be screwed if you haven't exited at the right time.

When I said a newbie I didn't mean on this forum what I meant was a newbie in trading, note not everyone on this forum like trading and even a legendary member here can be a novice in trading.

For a beginner, it may be difficult to immediately become rich from trading results, unless luck is on his side. but I have a suggestion to invest most of the capital owned. and the rest is used to learn trading. that way the risk becomes small and we can learn to trade for the long term. to learn trading takes a long time, because we have to learn from every problem and solve it, or if we want to be smart we learn from other people's experiences, it will be even faster if we have friends who have been in the trading world for a long time

Well maybe we can consider that a beginner trader in crypto are already a trader of stocks or others and that only mean a beginner can become rich with trading. But if we were going to refer a beginner trader in a way as a learning in progress then I would going to agree that a success and the dream of becoming rich in trading will for sure takes time. Also, trading is constant learning, learning from experience and learning technical analysis but getting the possibility to become rich in trading is very much possible.

That's true because after all without going through the process the newbie trader will not develop,
it takes patience and humility as well to keep learning because it is part of the process,
by trying and working hard I think success will come by itself

It's the obvious reason that makes me question the situation. Like you could literally just wait and become a good trader, you do not have to do much, it will come to you, you will learn it, you will lose some money meanwhile but you will get there eventually, all you have to do is wait for it and it will come. What most newbies do is expect to get rich very quickly, and they do too much too quickly and end up losing money.

Just be patient, learn, trade, lose, learn why you lost, and be better, that's all you need to do. It's not even that hard, I mean trading is not easy, but becoming a good trader is not a hard thing to do, you just need time for it.

I see no reason why a newbie will become reach from trading alone. This is impossible but can be possible with better guidelines. If the newbie trades based on trade calls, I think that is better and could be possible compared to when they are trading alone. Trading is difficult and we shouldn't see it as simple as we could think. It's you get the skill and grand yourself well in it before going fully in trading.

That is if they get lucky investing huge amounts in a new project that booms instantly but what if it was a scam? I think these people will only say that crypto is the quickest way to lose money.

It's possible that they can get rich if they are greedy because they are willing to take more risk by spending more money and doing more trades but the only downside of being greedy is they never get contented so what happens is they will still lose what they already gained. They only think that trading is a shortcut but actually trading is the hardest route among all crypto activities because in trading your will need more than just a basic understanding.

Everyone need guidelines because this isnt something a thing which you could easily deal with or make yourself get rich without having the hurdles and difficulties and this is something that you would

really be experiencing along the way.It is possible that you could really make yourself that rich but this is for latter years to come but of course the thing you do need is to sustain

and make yourself that profitable and able to survive the market.You should bare that on mind first before stressing yourself on making perfect trades since it cant really be that possible.

There are exchanging essentials out there, yet in the end you concoct your own techniques. Since, supposing that you and a many individuals follow and utilize a solitary system, odds are the benefit. Exchanging isn't a venture conspire, here you might create a gain or would lose your capital too. So the idea is to begin exchanging with a modest quantity and practice, advance as much you can.

I agree with what you said right here about the time it took you for trading, I will not advice anyone to venture into trading unless the person is ready to devote his time only for the trading business, ready to attend mentorship program and classes on how to trade, the person can learn about risk management, profit making plains and or that, but the truth be told,even experts in trading still loose money so you can never master all the signals.

Well, I don't think there's any industry out there that's EASY to make money in. I guess trading takes it a step notch due to the fact that you're using money to make more money, basically, it increases the rewards by making the risks involved higher. It's never going to be easy, losing will always accompany you on your entire journey so just etch that to yourself before starting. I actually wouldn't take the chances of a newbie being a millionaire due to trading to be impossible, but that's more like it's all about luck instead, and it'd be no different than gambling if you were to rely on said luck to actually start your trading experience.


There's only a general rule, not really a set guideline. After all, what you're investing in are projects that change throughout the years, I don't think setting any rules or whatnot to bind the changes would actually net you any positive result. It'd ultimately just strangle you as a limited of sorts.

It's going to be a process and more on a long process until a newbie reaches his fortune through trading. The starting would be more on the capital for learning.
And how many newbies are willing to lose just for the sake of learning strategies and as well as gaining experience? That's why I think if there will be newbies who will become rich in trading, they're not that much but only those that pursue it despite the bad experience and losses they've acquired.

Who wouldn't want to become rich? If you have little or no idea about cryptocurrencies, I would set more modest goals first. For example, to invest the money in such a way that at least the loss in value is compensated. In order to have great opportunities, you have to take bigger risks more often. If you are completely new, however, I would first and foremost make sure not to invest too much money.

Every one of the ways to get rich quickly is extremely risky and dangerous. In fact, there is no shortcut to achieving success as well as gaining skills and experience. At present, it is very difficult for newcomers to earn money through trading. Before, there is a comprehension among the newbie to cryptocurrency that it is a simple method for getting rich. On the off chance that they were asked how this going to occur, they don't have any idea. There is a requirement for appropriate instruction about the digital currency market. Individuals are very much aware of digital currencies, yet the consciousness of them as speculation, exchanging resources, exchange sources, and everything should be educated. Somebody might have been fortunate to become wealthy in the transient putting resources into any of the digital forms of money. With that, one shouldn't anticipate that the equivalent should happen to them.

Unless if you are lucky that you trade that coin and the next day it moons 10,000% or something like that, maybe that would work. However, the chances are very, very, very slim because we cannot predict the chart's movement whether if it's under a minute, several minutes, a day, week, etc. However, there is a good chance that you can get rich in the future if one or more of the coins or tokens you've invested early have pumped up very high.

Trading is a vast technical place where everyone trades for profit but cannot succeed there. It doesn't matter who is new or who is experienced. Those who deviate from the determining track will also have to pay the forfeit.

Trading is a two-way street, anyone can become rich by trading, but also the rich can lose everything! This is a game, so people should be careful what they do, as always when money is involved!
Trading is like everything else, whether someone will become successful or not depends on many factors! In the first place, it's the commitment to trade, to learn something, to constantly research, and monitor everything that can affect the crypto market and the prices of coins and tokens! Ambition to achieve something, patience not to make hasty moves... all this should fit in and stick to some rules and strategies day by day!
While some people lose others succeed in making a profit, it's trading! I will say that experience matters a lot when a situation comes and you need to make a decision, most likely you will make a better decision if you have some experience... without it, you can just wild guess and play on the lucky card, but in most cases that not ends well!

everyone here could be rich people from trading, its provide alot opportunity to earn money on short time, but the most important thing is about risk. when they decided to trade , did they ready about risk that may also could make them suffer loss too? alot people only talking about profits, but never care about loss possibility.

The level of work-rate decides this a bit. A newbie that basically focuses on becoming better and better for a whole month could learn so much during that period, and I mean working and not just spending time. I have seen people learn more in 8 hours than some people learn in a year of college education. Which means that if you really put your head into something, study 12-16 hours a day, for a whole month then not only you could learn trading but you could also be on your path to become rich as well. This isn't of course a rule, it depends on each person, some are better at it and some are not.

some people even didnt understand about "working and just spending time" .alot of them maybe only working to spend their time , meanwhile alot knowledge we get if we working and learning in couple hourse we used to. alot hours that we spend daily but it useless when we face the fact on our life. 12 -16 hours was alot time to learn everything, we got best opportunity from this time and set our goal for future as long as we consistent with this learning.

Trading doesn't include luck, that's just a more rare scenario that may come up when it wouldn't be visible on the chart. Investment and trading are completely different stuff I guess, they can have different meanings and may vary from person to person. For trading it needs focus and patience, for investment patience is totally just the key if you knew and really into it.

I think trading will rely more on our skills and knowledge. it will be more difficult for beginners to learn it. if it's just selling and buying maybe anyone can do it. but to profit from the trading of course requires experience and skill.
beginners who want to learn and focus on trading I think can master it. several communities teach how to analyze the market and how to choose assets for day trading.

We can't just rely upon luck when trading. If this was just the way we work on our trades, we're not going to get surprised when we lose.
We all have the chance to get rich in trading but it takes time. That is was very unfortunate that these newbies have a slim chance to become rich until they become mature enough and not rely on luck but on their strategies and skills. And we have to understand that trading is not the way to become rich, this might be a reason why we lose a lot. We could have the chance to become rich but never it guarantee everything.

You do not need to rely on the fact that the coin you bought will grow by thousands of percent. Even if this happens by some miracle, then without knowledge and experience, all profits will be lost in the subsequent trade. Trading is a very complex business that needs a lot of study and hard work, a lot of theory, a lot of practice, and even this does not guarantee you a profit in trading.

Yes, it is. Everything that you wanted to learn if you're new to it will always be difficult, what matters is your persistence to learn and develop new skills or knowledge. I'll tell you, even newbies can profit, but depending on every situation, it wouldn't last unless he just follows his impulses. It requires a certain amount of good behavior to profit and to get more profit in the long term.

I think newbies can become rich by trading but this can not be done alone, the help of a mentor is needed for a new to trade and become rich. This sounds impossible to me but I think their is a possibility here if the newbie has a person like mentor that is putting him through the necessary that is needed to be done. Trading can be tricky but with the right mindset and help from a superior trader, things can go as smooth as possible.

For a newbie to trade successfully, using robot to trade can also bring good fortune to a trader whether they are newbies or professionals in the market. There are good coins you can use to trade with the help of a robot that can bring good profit even though the market is not fluctuating in the manner it supposed to.

Coins with thousands of percent growth will certainly make anyone, including beginners, become rich in an instant if they have it. but if without any knowledge maybe beginners will sell it and will not enter again into trading.
It all depends on how to take advantage of profits well and do capital management so that unwanted things don't happen, such as the balance turning back to zero.

No one can guarantee that in the world of trading, there will always be gains and losses, the most important thing is to understand technical knowledge and fundamental analysis, that's the basic thing to know.
I grew from my ignorance of crypto and trading and continued to learn how to profit from each trade. Getting rich by trading is possible and vice versa.

Many people missed their opportunity to earn well from their investment because they focused more on profit than risk. Take your time to study and understand the risk you are about to take in the community, if it will bring a good income at the end of the investment or losses at the end of the investment. Those professional traders in the market, took their time to study the market price very well before taking the risk to trade their altcoins in the market to make a passive profits. Be more concern about risk than the profit, if you want to go far in profit making in the community which will really help you to grow higher in the community.

As a newbie, do not rush to find profits instead look for knowledge and accumulate experience. Most of the newcomers just want to make a profit without having to learn anything. Professional traders, they also start like you are a newbie, over time learn and hone their knowledge even  they have to spend a lot of money in the market to get the success they are today. sSo don't expect profit but focus on knowledge first.

Trading in real account and demo account will have different result , maybe in demo account we have no pressure in every transaction and mentalilty will kept well. but when using real account , the first thing in our mind was how if we suffered loss did we accept this. due this feeling our analisys full of doubt and finally not precision again.

I mean it's not for trading. Everything new in this world is really hard to understand if you are not trying to put an effort to understand/learn about those stuff. Same with trading, if you put your effort and spare your time to actually learn to trade then it's not really difficult to trade, your only obstacle is just yourself for limiting yourself from doing something.

Demo accounts is a good way to start trading with as one will have good experience before depositing and using real money for trading as newbies traders need a lot of experience to avoid loses.

I get that a newbie would be having hard time, but sometimes that depends on the period they started as well. I know plenty of veterans who lost a ton of money because it was a horrible bear period, and I know plenty of newbies who made a lot of profit because they started just on the bull period. The difference is that newbies lose even more during bear, and earn a lot less during bull periods.

There are situations where one newbie decides to get in, it is a hype period, like when we moved from 10k to 60k, and they make a ton of money from both bitcoin and some small cap gems, and turn their money into like 10x during that period. Then, the prices start to go down because we go into a bear period and since they have no idea how they should react, they end up losing even more.

Even if you are a newbie then you could still able to engage into the market because come to think that pro's do start on being a newbie.It all matters on how he would handle up himself
into this very unpredictable market.As a starter then you should not mind up about being getting rich because that kind of particular state isnt something that could be achieved.
Come to consider that you would need to do well on this market and does need bigger funds or capital for you to do so.You cant just be that coming rich via $10 investment.

Bro, there are no shortcuts in crypto, this is something you have to give your time, give it a lot of patience, read a lot of articles and also watch a lot of videos on YouTube, because one bad investment could throw u back to where you started from. So trust the process and stay patient and the riches will follow.

Common sense - Every professional trader was once a newbie in trading.
So it automatically answers your question that yes a newbie can make enough money in trading provided he is doing the right things.
It takes time and patience to make money and you must put in a lot of efforts to learn how to trade.
Utilise your time properly and learn a lot about trading and practice it a lot.
Only practice will groom your skills and eliminate your mistakes in the long run.

from newbie we move to advanced traders and it take long time to pass but everyone could pass this stage as long as we use our time and resources well. for first year maybe we just spend our time to learn and observe about market movement with demo account or use real account with small balance.when it get good result , moving step head with bigger account and regularly open trades that using our own trading system and dont influenced with other opinion.

That persistence could be a difficult thing if you focus it on the wrong thing. For example I love writing, it is the most wonderful way of expressing myself and it is basically like a hobby. I work as a content writer AND still write for a few games I play (role playing games where it is required for you to write), so you know I would be persistent at getting better at it.

However, back in 2016-2017 period I studied coding so that I would make a lot of money, that is what I assumed coding will be all about, making a ton of money. In the end, I quit after like a few months because it wasn't for me, so I wasn't persistent at it. So, pick the thing you would love, not the thing that would bore you to death.

Newbie is no matter if you learned well before trading. Many newbie fail to become rich because they have not proper learned how to trade and trade according to market condition. Newbie become rich but I will take time to achieve goal. If any newbie work hard and trade wisely than I believe that in year one can easily become a rich man.

I think it needs a meracle for a newbie to become rich, if the expert did not become rich on trading then it is hard to believe that newbie that still in a learning stage can become rich for a short period of time? I think newbie still needs to learn or study more and become an expert first before become rich on trading, because trading is not just a game of capital it is also a game that needs attention and full understanding because in trading there is only two way to choose the way to earn and way to loss.

Buy low and sell high, ezpz.

And the goal is wrong at the start. They're visioning and aiming to be rich without having a plan of learning first so that they can plan as well and go through smoothly with their goal of being rich through trading. When they've encountered a bad situation and they're failing with their plans, they give up easily. That's why in trading, it's not just all about the outcome that you'll get and goal but also if you're determined of what you've got in because it's not the quickest way.

it's true, the desire to be rich in trading is a wrong goal but many traders who managed to become rich because of consistency and also a lot of knowledge taken from their many experiences, trading is not an easy thing and also not all theory is learned, many things the unexpected happens and emotional control is also very influential in the course of trading. so in trading the most important thing is knowledge and how to get rich or not, that is the ending of all that we have worked for. and remember that no effort betrays the results if we do it seriously.

It's better to hear the actual experience from rags to riches from those traders that really made it. But I'm sure that it's not just all about trading but they'll also share some hustle that they did.
So it's like pure hustle plus their career with trading. It goes with the process and if you really are a hard-working person, you'll be able to see your progress and eventually get your way to riches together with all the lessons you've learned from your losses and mistakes.

Newbie to advance? I think that was too fast and it seems you skipped something. I forget the term but there is next after a newbie and before being advanced or pro. 1 year is long but it's up to you if you will use this only to learn, observe and practice. I think after that, you will become a very good trader but you must still start trading with smaller amounts because it was still your first time.

If you feel that you're doing good or you are familiar on the platform that you're using, that's the time to up your game. Using our own start is nice but it's not bad to see how other traders doing with their trades. You can interact with them and exchange ideas to improve your trades both.

maybe yes maybe not, but the percentage for beginners to get rich in trading is very small, only with high profits and that is only experienced by a few people.
before starting trading maybe the mindset to get rich should be changed, because it can be a scourge that destroys trading plans. it is better for beginners to focus on understanding the science of trading and continue to do it consistently, whether rich or not it is the result of all that has been done.

Patience is what many of the newbies lack.

Well, if they pass on the trial of being patient then they'll surely get to see the door of success in crypto whether they choose to be a trader or a holder.

True that it's about the process that they need to be patient dealing with as they have those moments, good and bad because that will sum up to their result and success in the future.

Simple answer, "Yes", anyone can become rich trading cryptocurrencies, but the thing is that when a newbie gains knowledge of how to trade crypto and make profits, then he or she is no longer a newbie.
Am not a full time trader but from my little experience, I understand that trading to profit isn't hard and there's nothing really hard to understand, what you give your quality time is what you will learn and know how to do very well, if you give your time to learning, researching and reading books related to cryptocurrency trading, have all the necessary tools required for effective trading, and also work on your emotions likes being patient and not being over greedy, overtime, you can start profiting in trades.

That's why I say they're trying to get rich in the wrong place. If they wanted to enjoy a quick get rich scheme, trading isn't the place. Trading, just like any other industry, still requires the people in it to persevere, study, lose and then win. They need to spend time and effort to actually understand what it's about, and then try to earn money from it. What OP is looking for is a gambling den or a lottery perhaps imo. I mean yes, you can trade without doing all the stuff I said, but then, as I said, it'd be better to find a casino instead, now that you don't need to think, you just need money. 

In essence, a beginner cannot get rich if he is not interested in enriching his knowledge of trading. and he can realize his ideals, namely by learning from his own experience and the experiences of others who ultimately understand the market reaction. Of course, he will find many problems when trading if he can get past those obstacles then wealth will follow, along with increasing his knowledge of trading

no one could be rich man only in a night, except they have lucky factors. we will sacrifice when we pass our journey in market,maybe some of us didn patient and starting to give up. by improve our knowledge about trading or investing, it hope could increase our posiiton in better condition.

You are right one need to have big hart to invest both time and money to profit in any cryptocuerrncy venture and trading is one of those ventures that requires both time and money to gain good knowledge and build skills in trading.

^ Definitely right and now you have learned that making money on cryptocurrency is not just easy, there is no shortcut, and everything must be done with hard work, you will not be a successful trader if you have zero ideas on it. Trading is a very risky part of making money, in just a single mistake, it could wipe out all your hard work in just a matter of minutes. So there is no guarantee that making money in trading will always be there, you may experience losses as a part of the experience which will lead to being a better trader.

A newbie can't be that was the truth OP. But experts and those who have a good understanding of the market certainly have the chance.
If this newbie wanted to earn money for trading and aiming to become rich, therefore, he needs to improve himself first and focus on developing knowledge and skills as they are a top priority. Nothing wrong with the aim of becoming rich but this will achieve if we don't work hard and have some sacrifices like to have effort and more time spent on studying the market behavior.

I've seen a channel on YouTube that the newbie who bought Doge and Shiba is now a rich person, at that time the newbie tried to find profit by buying new listed coins and was cheap so that after he knew it was to buy Shiba and Doge and 2021 the price of 2 coins rose thousands of percent so that they become rich.

At that time in 2021 the price of Dogecoin and Shiba really skyrocketed,
but if we talk for now of course it's different and we don't know if the two meme coins will skyrocket again,
If you are really interested, you can follow the development

there is no expert who immediately masters a field without starting a hard struggle at the beginning when they are still a newbie, you are a newbie in trading now and losses are a natural thing to experience, it is impossible for you to immediately make a profit.  but now there are many trading mentors that you can make as your teacher, but you have to choose wisely the mentor who will teach you, also look at his track record, that's important.

I think that the importance of the thread is that, to show that novices do not go despite the fact that they can get rich overnight, I know that there are many advertisements on social networks where there are many trading academies that paint a life exceptional and that the results are achieved is with trading, and it is not like that, trading is not for that, whoever believes that through trading they become millionaires is very wrong, trading at least I see it as a business, where many things must be done to obtain small profits and in the long term, I think that it is that way if trading can be seen, especially for newbies.

A newbie can't make profits by trading because in trading everyone should have experience, proper research and must have patience. But a new trader will face a lot of problems and if they can make profits byt they will lose soon. Because whales uncertainty pump and dump the market and we see a lot of fake breakout and breakdown in chart analysis. So before investing in vrypto trade everyone should have much knowledge about proper trading.

I believe anybody can do it with the right skills and patience, but these are not the only factors to take into account, as the market also has to be fairly stable and not as in current last two weeks.

It might seem like an impossible skill to learn but it's all in the amount of time you invest in learning the skill of trading . Btw dont take shortcuts in trying to get to the finish line,baby steps is all it takes and once you have this knowledge trading will be a breeze, and if you like you could use youtube for some free resources to get ahead of your game,good luck.

Remember knowledge first then profits follow.

I would say that a person's advance knowledge about finances before they get into crypto plays a big role in this speed. If they are great at math, and a financial wiz, then they are going to be amazing at crypto as well and wouldn't take long to figure it out. I had a friend who managed to turn a small amount to a giant amount in 3 years, I am talking about like less than his rent to never work again amounts in 3 years, all thanks to him being a great financial worker before he got into crypto. Obviously he retired, because he has millions, but that means he moved from newbie to never working again levels so quickly and that is possible.

But, what if they fake their records? It's easy for someone to do it online but what would their motive be if they will do that. Only to make someone else lose? But I don't think they can get a benefit of doing that. Ah I know, maybe, they fake their records and then sell some books or courses but for our safety, it's better to buy only on the official stores and always check if they are verified.

Hiring a mentor will make things easier for a newbie but one must prepare a good amount of money because they can be a little costy. If we are poor, we have no choice but to go on the traditional and hard way. That's fine though and they say that the hard way is more beneficial.

True I have known some personalities that have financial background and some trading background from forex, They got quite profitable in crypto hype train last year the figures they are trading are much more larger than my trading volume. We all have some qualities that helps us on trading like our educational background, personal network, and personal finance. 

Trading has got the ability to make you rich, but some believe it as a way to turn themselves rich immediately. It has happened with different users, but we can't expect the same to happen with us. Those are big bag holders who risk big to make big. Another thing there'll be people who state that they made big money out of $10 which is also false statement. In today's market it is impossible to make such thing. Learn yourself, experiment yourself, experience yourself and automatically trading brings profit.

By the term “rich” what do you mean?
In your opinion how much money is sufficient for you to become rich ?
There is not ending to a person’s need, so your statement is meaningless according to me.

So if you ask me if a newbie can make money with trading or not?
Then i can say, surely you can make.
All you need is just to analyse the market and good predictions.
You can also join some paid calls group though it’s not recommended for trading.

Newbies usually finds it difficult to make profit in trading. This is because they are not experienced enough, and some also gets into trading with knowing what trading is all about. Which results to them losing large amount of money. There are youtube videos online which can probably guild you on how to avoid losing consistently. Once a trader have a good strategy, learns how to deal with greed. He/she will surely make good profit.

Crypto trading is relatively risky, for that learning and trading knowledge is much more important for beginners.

Basically crypto trading is the same, buying and selling crypto that he trades, only the difference is the knowledge he has, market developments, analysis, Up and down charts also need to be understood to generate the expected profit.

The bottom line: never take trading lightly and trivially, some methods also need to be done.
For example:
Crypto Trading Strategies You Need To Know. (https://www.moneycontrol.com/msite/wazirx-cryptocontrol-articles/crypto-trading-strategies-you-need-to-know/)

I usually hear people say that trading is a very stressful job and one can't work and trade at the same time but what you point out there is an advice that everyone needs who thinks the way I described.

No one can become rich in traditional trading, if you don't own the game, then you lose! Whales and the big players own the game, they are getting richer because the people who aren't them but seeks the gains, always fail. I think that everyone except whales and big players are newbies, how can I call someone pro who is a puppet in someone's game? Investment, long-term investment is the key to success but it can be even more successful if you turn long-term investment into, let's call it quarterly trading. There are 4 seasons in a year, I think it's easier to buy low & sell high, grow your assets when you trade like this and don't follow the panic,a don't allow income pressures to significantly affect your decisions and mental state of wellbeing.

There are lots of ups and downs associated with trading, it is very risky and needs time and dedication to gain enough experience. It is hard for you to be a trader and not loose funds in your early days of trading, it happened to me when i started trading, i lost alot of money before i later decided to set aside an amount of money i could afford to loose. It took me time but in the end i was able to learn. All I'm saying is your experience is all that matters just get yourself familiar with the basics and be ready to loose some money otherwise go for investment just as @ratimov advised.

Of course you can, but it all has to be based on trading knowledge and patience, because in Crypto trading anything can happen.
but never retaliate for the losses you suffer, because it will cause greed to cause losses.
trade as usual with the knowledge learned, slowly the profits will come.

The trader does not trade depending on whether he is experienced or inexperienced. Anyone can trade. A new trader has relatively little knowledge which makes it a little difficult to make the expected profit otherwise the experienced ones comparatively get more then Inexperienced. If you have enough capital and at least have basic knowledge it is possible for you to get high reward.

Trading is definitely a risky game for everyone be it a newbie or not. Those that have become rich through it were once newbies who took the risk. Some where very fortunate in one way or another but some even after failing kept on trying, tried to get more knowledge and understand about how it works probably through different courses and good mentoring and have gotten rich through it. So no doubt  newbies can get rich through it but at the same time become worse than they once were if they fail to adopt and follow certain rules of trading.

Yes newbie can, as a newbie don't ever try leverage trading, the best is to trade degen coins or just buy and hold, one thing that I've studied about crypto is that if you are in a coin early enough you are bound to reap immensely from such coin, all newbie need is the right information, get in before the hype, forget about Technical analysis, Fundamental analysis superceed it, lots of newbies made good money from Shiba inu,

Most newbie cryptocurrency traders feel there is an endless wealth to be had in the virtual currency world, although it is becoming harder for new traders to find opportunities to profit. but, the newbie traders who are just entering the market are usually oblivious to the risks and have an aim to make quick money out of it.

As a new trader, one should be careful about the known risks involved in trading in this domain. These include the significant risk of losing one's money. While trading cryptocurrencies does not guarantee you a profit, it is often perceived that the quick returns can earn traders millions. However, in order to get to that level of success, you would need to become an expert in the domain, learn the tricks of the trade, invest enough time and patience, and avoid any impulse trading, such as buying or selling at the wrong time. You will need to have a significant amount of trading experience to make any significant profits.

Will this allow you to become rich overnight? No, probably not.

leverage trading is not recommended for newbies, I see many newbies who try leverage trading but end up losing because they still lack experience. it's better to be a flexible trader, you only buy when the price goes down and sell when the price goes up, sounds easy but it's actually quite difficult because of that you have to train your emotions and trading skills.

Not good ideas recommended beginner or newbie with higher leverage trading or use future kinds for trading because they still not understand with chance make fund loss. But less expectation with all beginner minds why when entering on cryptocurrency always asking " could be rich with trading? I know is not fault but how come can be rich with less knowledge and little fund bring for trading assets. Better learn step by step and know with risk first before talking about become rich with trading. But is not wrong when have dreaming become rich on cryptocurrency trading.

The problem is not with leverage trading because if a trader properly set a low leverage the liquidation price will definitely be far and that will give potential profits, but if a newbie get too greedy by setting a high leverage it will increase the risk in higher percentage which will aid easy loses.

its only work traders that experienced in spot trading and have good trading result, maybe more than 70% win rate and continuely gain for more 1 year could start in future trade. due its risk that high,newbie was not adviced using future trade feature, its ture we could earn profits hundred percents in each trade, but we also could loss our balance easily moreover if not use proper money management. we will get love mail from binance about liquidation.

This is a critical question that needs good explanation to answer it. It's just like asking if it's necessary to have money before building a house. To become rich in trading the trader needs to have known how the market works. I don't see any possibility here.
 A newbie can not become rich in trading. They need to learn the necessary things that is required. Experience is necessary in trading so trading without good experience can lead to lose of fund and newbies can not achieve this with knowing how to trade very well.

Sometimes it is seen that many newbie make huge profits from trading platforms. In that case, I would say it is entirely his destiny.Many experienced traders, however, make huge losses from trading. Despite the analysis, they make a loss.The whole reason newbie benefit from trading platforms is because I believe in luck.

well, generally, it needs to be studied more deeply to get big profit from trading. it's not an easy thing. anyone can get rich in trading, but if he really has insight into it.
In general, I see newbies who try to trade without any knowledge, it's the same as playing gambling, only with greater certainty of defeat. after all, anything can happen in the world of trading, but the chances are very slim for a newbie to get rich in a short time. even more so if he was only doing it because he saw other people gain so easily.
However, if you want to get rich at this, you need to learn continuously, use minimal capital, choose big assets, and keep learning when you fail. because a newbie can become a professional because of this.

As long as you know the drill and has the behavior of none greedy person then of course even Newbie can make money here in crypto trading.
I also remember when I was a newbie that I tend to follow all the good advises given by my mentor and yes I become a Trader for a while , but I find this time consuming for me so i change course and starts to Hold instead of trade .

Correct.

Most of the newbie traders are greedy, with a narrow mindset, which is to get rich in an instant, that's not gonna happen as fast as they think. Envy is the reason why they do it without any single knowledge about it, because they don't want to be left in the dirt by their friends who are already making fortune in Trading.

So my advice on newbie traders is don't force yourselves to be someone you're not. Be patient, trust your own timeline and don't be in a hurry. Time will be your guide, experience will make you someday a professional trader.

Getting rich is not easy need a hard working and proper way.Although trading can easily make people rich but have a some risk.Just as trading can make you rich, it can make you poor.But that's true if anyone have to some knowledge about trading then he earn more and more money.Trading is very easy to earn money.But need to proper way and some technic.Most of the newbie traders unknowingly started trading and due to which they are facing loss.So they should do trading course

I know to become rich is not a one day job but then with steady grow one can build up skills that aid faster financial wealth this is so because once you have adequate knowledge to make good trading decision.

I can agreed that a newbie can only make ends meet while trading cryptocurrencies, to even reach that stage such newbie must have gotten much experience and knowledge after spending many hours of charting time, learning and practicing with live trade, however the mindset of becoming reach via crypto trading is a big task that is not easy to be accomplished, many newbies who have that notions of becoming rich might end up bankrupt and get rekt, crypto trading is very risky and it's takes a lots efforts and experience to even break-even in trading how much becoming rich.

It is not just easy for a newbie to become rich in trading , there are somethings that needs to be done that can make it to be possible.  A newbie who just started  trading and he/she has no job but only depending on trading , it impossible for such person to think that he can become rich so quick from trading . A newbie need to be sound in trading by also learning more skills about trading to think of becoming rich.

Well, at least no one canceled luck. But I still support the idea that a trader needs to understand many aspects of working in the market in order to be successful.

Success isnt something that you could really easily to attain without doing something or factors which you would really need to do before you could acquire such state.Trading could really make your rich

but the question is on how you would gonna do it considering that this market is way too unpredictable? Dont rush up yourself to become successful because there would be still lots of times

lots of trial and error which you could really experience before you could able to achieve such state.Just try to sustain yourself and you would find out that you are doing well
and the rest would be in profits that you are talking.

Perhaps, you can achieve it if you have patience and dedication. It is all just a matter of how to look forward and go straight to what we aim for. A lot of people, especially newbies fail to reach their goals because they don't know what they are doing, it was just like riding on a boat not knowing where you go. If we are very certain about the thing we do, no matter how hard it was, it never appears to our minds about quitting, but it is all about how we are able to surpass these trials and difficulties as literally no easy way to become rich.

alot beginer have good imagination from trading result, they never felt how it will ask our sacrifice when still early and learning about trading knowledge. lossing alot money will be first stage that will done for every beginner, when meet this phase their consistency will tested. first thing we should recognized when we want start trading only as to our self, did we accept this risk that occcur .

Trading have made alot of cillioniares in the crypto space. Although trading is meant for day to day profits. Newbies can become rich through trading. One major thing that can bring profits in trading is when you trade base on futures. Spot trading is more like to buy a coin when it dips, and sell then it pumps. Trading brings Hugh Profits if trade with the right signal. The best thing is to look for a better coin that will pump and hits its ATH price.

Well actually thinking about it very well, if it is very possible for a rookie who has a lot of money to become rich in trading, the reason I see is:

1.- That you buy BTC and get a quick profit if you are lucky enough that the BTC rises in price fast, if it reaches a new ATH it could be said that you can be rich if you buy a lot of BTC, otherwise you would have to wait as long as necessary until the BTC rises, which is more focused on an investor vision, which is not bad at all.

2.- To buy an altcoin whose price makes such a big pump that at that moment it can have a good ROI, this can happen but in the same way it has to have a strong investment and now as the market is, I would say that it has to count with great luck.

I think that this is the way a novice does it, but if we look at it, it is not market speculation where he has more options, because speculating in the market requires a lot of knowledge, betting on the rise or fall of the price has more work I think long-term investment could be the best solution, and the best safe investment will always be BTC.

I will not advise a newbie who has no trading experience to venture into trading because you're going to lose your hard-earned money. You can start with a Youtube video to get pre-trading knowledge, don't pay attention to anyone asking you for funds yet because you can learn few tips by yourself before going for onsite classes. Get the knowledge first before you think of making profit.

The way to get rich in trading is not in the short term, in fact I would think that if you can get rich by trading but in the long term, even in the very long term, the trick is simple, see trading as a business, where each decision It has nothing to do with the fact that you must win, I swear, because in trading there must be losses, the trader who says that he has not had losses is a lie, he is not a trader because simply nobody is perfect and the vision of the market that each person has to sometimes it can be correct but sometimes not, it changes and we don't see it, that's where it gets lost, but the important thing is to maintain a positive balance.

It has my opinion' i think never possible for a newbie member to get quickly rich from trading session beacuse for trading you should start increasing your knowledge then you will be rich. Although there are no enough knowledge about tradin for a newbie person so how he/she could make profits! However firstly newbie can Study more about trading corporation then they will make something. I can't tell you trading easy step beacuse i was learning trading almost fours years over but i have no enough skills

There is no such thing as one day learning. If a new trader want to earn a lot and want to become rich, just invest more and earn more but you cannot earn by doing nothing like learning on how to trade, invest and earn

This is what noobs do mainly think on the time that they are seeing someone earns huge amount in trading then they would really be putting up into their minds that they could easily do it if they do tend to engage

on where it do really starts up immediately on engaging with the market and when reality slaps into their faces then this is where self realizations do happen and would make out conclusion
that this isnt something simple that you could bare or learn with in a short span of time.This one do really takes long time and lots of efforts and lots of trial and error
which is something that you do need to sustain.

Just invest more and earn more? Oh please, how easy that would be. If only trading is that easy then we're not gonna see those newbies that lost pretty much all of their assets because of how uneducated they are about how trading works, in this case cryptocurrency trading. But sadly, that's how it is. Newbies tends to believe that trading is such an easy task, especially if they're only following some random dude online that says they made it big in a few days and voila. But making mistakes is a good way to learn the harsh truth about trading. So, lessons learned, hopefully when that mistake happens.

what a beginner thinks in crypto asset trading is to get as much profit as possible quickly. that is wrong thinking.
there might be 1:100 beginners who get that luck. but I still have doubts.
There's a lot to learn in trading. most beginners follow the advice of others to start trading. as long as they learn theory and tools that beginners can use I guess that would be great.

There is a saying that "just get some bones in the market". It means that you just gain a profit, not big, not too small, but just enough for you. Don't be greedy because you can't get all of the money in the market. Set a target profit and after you get it, you'll stop on that day. Beginners' luck? It isn't always working in trading because it isn't a gamble that you are relying on luck. You need to learn and gain some knowledge when it comes to gambling.

I may be too stupid to understand the saying, but yes it might be useful because profits can only be achieved if one is smart enough to maximize the opportunities. It doesn't take much because a little is still profitable, but of course we shouldn't pick up trash that is expected to be profitable in the future. What does it mean? This means that we also need to do an analysis before taking advantage of the opportunities that exist.

For newbie, i think trading is all about learning, not making profit. it is like you driving a car.. You are still enwbie in driving, but wanna go to highway instead.. well.. you know the rest :)
first year of trading must be filled with learning. i.e Psychological, Risk Management, after that, go advancing to strategies and technical things..

trading is indeed a difficult thing for a newbie to understand, but I think a newbie can still make some profits there. but can newbie get rich from it? In general you can but it's very difficult. You may need special skills to make money in the world of trading without much knowledge there. even, people who have been trading for a long time still often get into trouble. however, the best recommendation is simply to learn the basics of trading first. a newbie who trades without the right knowledge is just like gambling in the world of trading. you can be rich if you are lucky.

Another topic where a newbie need a motivational reply that he could become rich in crypto by making low effort? Indeed a newbie can become rich if he is lucky to buy altcoins at low and be on time to sell at ATH. But I dont believe that newbie has a lucky four-leaf clover and does only profitable trades. Besides, after a first trade, he is no longer a newbie, but an experienced trading platform user. Which means that for newbie to become rich, his very first trade must be extra profitable. You cant buy something few dollars nowadays, and sell it for billions. That means newbie needs to have a huge balance to trade and become rich. Those who have a lot of money for trades, can afford to hire a professional trader or an analyst. Conclusion - newbie can not become rich through trading imo.

I also agree with your point of view that it is almost impossible for a newbie to get rich quick in trading, because a trader is almost tantamount to the word knowledgeable and experienced. In order for a trader to be successful, one has to understand a lot of issues and nuances, which a beginner can't do because of the lack of necessary knowledge and experience. It seems to me that a newbie member should start by acquiring the qualities of a trader, and not by chasing wealth as early as possible. First focus on improving skills, and only then focus on profits. When a beginner is ready to become a full-fledged trader, then he will be able to earn his wealth.

for investing, it is possible for newbies to become rich, by choosing coins that have the potential to pump, because they are just waiting or forgetting to invest so that during the bullish season they can harvest it. It's different for trading, where luck can't come repeatedly, because they don't have good trading knowledge, because you have explained the conditions for success in trading that way. therefore the need for experience to gain trading knowledge

The problem most of the time here is with the lever setting because if a trader correctly sets it to low lever then here
Liquidation will be far away from the priceless home, but there is a small profit, but there is no rickshaw here. I guess they're all going to lose him

What happens in your demo account will be entirely different if you're gonna use your real account, real money in trading. The pressure is on another level because you're gonna lose your money if you made a bad decision. Trading without any sufficient knowledge but you got rich in a short period of time in stock trading for example is called lucky, like you randomly bought a coin then it pumps like crazy the other day or week.

Being rich in trading does not determine whether you are a newbie or not,as long as you have the experience about trading,and you do the right things you are suppose to do,there is chances that you can become rich.But one thing I know,and you will always bare in mind as a newbie is that trading comes with risk,if you are not determine to loose,never think about trading,because you will end up being depressed as a result of loss of money.
Everybody has a chance of being rich,if he trades on a better coin that yields good result.

Literally speaking, if you have enough money to bu coin in any of the exchange site platform, surely there is a high chance fpr you to earn big and loss as well if you will become neglectful, but of course you need to knowledgeable here in the crypto space first to achieve your goal being one of the crypto traders.

Here you can do it if you want but what you have to do to do it if you don't have any knowledge about trading then you will have a hard time doing it.  There is nothing you can do here, everything will be difficult and if you have ideas, everything will seem very easy to you and you will have a hard time chatting to do it.

Everything do needs ample time and effort for you to have a good grasp on everything even though it might not be that simple  but it's not impossible.It is just there are people who are really into rush on which they do really prefer on doing actions on hasty manner which do always result into mistakes and this is where learning and realization do comes next but of course it would really be depending on someone's risk management and emotion handling since not all would really be good at it.

If you're looking for quick ways to become wealthy, Then I recommend you look for another way to make quick money. Crypto is a game of patience. Making a lot of money as a trader takes time.

I think it is too risky for a newbie to go big into trading. Sure it sounds nice to be a crypto day trader and make large profits, but those people are professionals. Without any prior knowledge in trading the chances are much higher for you to lose money than to make money. It takes a lot of work and dedication to become successful in trading. Don't get me wrong, if you want to own some crpyto currencies than buy some. Especially big names like BTC or ETH are very good investments, but I would advise against trading them too regularly. It's much better to just buy and hold those coins, you don't need to worry about price movements and transaction costs. My advice for any beginner in the trading world is to first read about it and get some experience before adding a lot of money to your trading account.

You are right. Investment is way better way then trading to earn. Notice, I am not saying become rich, as each define differently what is being rich. Trading is identical to working. While when you work, you cant get a negative salary. That is why I think investment is a better solution. You are not limited with time to make a decision when and where to invest. You have all time of the world to make a research. After an investment, you are free to support the project and try to increase its popularity or value.

This is one of the misconception of some people and even new in the crypto, not because there is an investment opportunity or there is a lot of project you can invest does it mean that your money will going to have a profit there is a lot of projects that you can lose your capital. But the things you said about trading is true that sometimes instead of you having a profit you will get a negative so it is more likely a gambling part as you will be losing and you will be winning not like working where you can have constant salary.

Quite impossibly I would say. How often do you see a newbie with tons of money? Often newbies dont trade with huge amounts. You cant turn $100-1000 into a million through trading. Your every trade must be profitable and you would have to go all-in in every trade; take huge risks. Through investment - there are chances to turn $1,000 into a $1,000,000. Shiba Inu is a great example. But such opportunities happens once in a century and you must be extremely lucky to be at the right place at the right time.

Wow, this is much interesting making a thousand dollars a day without much stress. This is one of the area where trading is much superior to holding. You can hold a coin that worth up to $3k for a year before having a good x or giving you a better profits. Trading is one of the key that could make a trader to be more confident financially than holding. I have seen traders that are making upto $5k to $10k every day which is as a reason of their time been spent in acquiring knowledge.

If we do talk about the basics or starting up from scratch then its really hard to make yourself a millionaire or rich with gambling yet this one would require big capital for you to place up big bets or positions

thats why it would really be relevant on having that bigger capital rather than on starting up with few dollars or hundreds but we cant really deny that there are noobs who do possess soo much money
whether its inheritance or simply those early adopters in the market but there's no point on doing trading if you are rich.

So if you do make yourself having this kind of goal or target then you should really work hard for it.

based on my experience, a newbie without any experience and knowledge about trading may not earn with trading but  will only be lose more money. A new trader suffer a lot of bad decision but it depends on your how you control yourself when the cryptocurrency is not in good terms

well it requires a lot of effort, time and hard work and experience as well. That is one of the main reasons why most novice trader end up blowing  up their account, they think if they spent a month or so they start getting rich quickly with trading. Those who manage to be profitable are people had been training themselves for years both in terms of knowledge and psychologically.

They are absolutely right, for me a novice should not trade if they do not have knowledge, always when one is a novice what they think is that, to get rich and they do not see anything wrong with trading, everything is rosy and that is a big mistake, for me what you should do is have control of your emotions and take a break, think that everything should be done slowly with patience because otherwise the safest thing you have is to lose money, I have seen many think They will get rich and what they achieve is that they do not trade anymore because of the disappointment.

It will take a long time for a person to learn everything about trading. As a newbie, it will be a big risk to trade without enough knowledge and experience. It needs a broad knowledge so a newbie must undergo a process of learning first. Yes, entering it without knowing at least the basics could make you lose more.
It will need a lot of courage, patience, and emotional control because there are lots of aspects that you have to consider first before doing trading. Getting rich shouldn't be your first goal because that could lead to greed but rather understanding how trading works.

You see trading as a tool to get rich quickly. Which is giving birth to a greed in your mind. Trading is a legitimate business where you have to be patient and control greed. Otherwise it will throw you on the road.  And you will lose your investment. you can follow Trading signal from expert  group or you can bought top & value coin and hold for long term like Bitcoin, Ethereum, BNB for example. It will give you a good return in future

You are definitely right on this one on which if you do have that kind of perception on which you do think about easy profits or something in related then this would really poke up that being greedy of yours
considering that humans are naturally greedy then its likely that would really be poke up  when you do already have that intention in mind of becoming rich or you could make profits
in a shortest time as possible but we know that this isnt how the market works on which you would be hardly able to do so when you are on the actual situation.
It would be still involving  lots of errors before acquiring such state.

Make no mistake for twith such inquiry in addition to you being a newbie some persons might want to use your gullibility against you. How? Be mindful as you might likely be getting some PM for ways, how or where to invest in to so as to start making it big.

Another thing I observed from the OP question as a newbie is like there's an atom of impatient in you, which is not good for an investor especially when it comes to cryptocurrency investment and trading. As there are times the market trend may seem like is going to be bearish all through without any inch of a bull market, and this could take for long as the caseay be. So with an impatient person your level of frustration may be unimaginable.

So think before you leap!

Yes, eventually a rookie who comes with the thought of getting rich is being very innocent, maybe he comes referred from some kind of influencer who has shown him a kind of life that he is living with cars, women, a big house and even a lambo, those kind of rookies who believe that they will get rich quickly are the first to lose their money and be left with nothing, this is where they can fall into total depression or addiction, it is something similar to what happens to players in gambling, they want to win just by luck and always win that way.

Be it in trading or investing it takes a lot of preparation because it is not that easy to make a profit in crypto,
newbie traders need to learn everything that has to do with crypto,
because if we only rely on luck, sooner or later it will make us lose money easily

It is hard to understand once you are not really into trading because if you are a right person for trading then you will go deep into matter and make it real for the funds you wanted to invest for.

Trading might be hard, but it is something that can be a big earning place mate.

Buy the coin you Know will increase and be ready if this will continues to drop and will earn once you earn at least 30% above .

Always set selling points and target so that you would be at least having those times on which you would need to act and secure whenever you do gain up.
Being rich could really be possible with trading but you shouldnt make yourself mind about it because it would eventually create that kind of desperation
in mind.The thing you should mind is on how you would really be making yourself to be that sustainable because the rest would be normally be following
which is to make money as much as you could since you do know on what you are doing.

Trading can make a newbie wealthy. In trading, there is no such thing as a 100 percent expert. Trading, in my opinion, is a game that everyone can win. It's just a game of chance. Simply put, if you've been doing it for a long time, you'll have an advantage over a newbie due to your prior expertise.

Because in my opinion it is not easy to consistently make profits from trading, so it takes really good preparation. And most newbies usually
trade only influenced by other people and they usually don't have a good preparation when trading. Even I, who have experience trading crypto,
still haven't become rich, so for a newbie to get rich from trading it's something difficult to happen. If there are newbies who trade crypto and
then get rich, they are just lucky. Because most newbies when trading will experience losses, because it is a fact that newbies trade without
preparation. This means that to get rich from trading crypto is something that is very difficult, because we really have to prepare everything well
and the process is usually quite long. Can't get rich instantly from trading crypto.

Newbies could get rich only if they are in a very high hyped lucky situation. This means that if they are in a big bull run and make a good chunk of investment and get lucky, they could totally get rich. I have met with so many people who invested 10k-15k during the bull run of 2021 and to some veeeery stupid coins, and yet they became very rich. With DeFi also allowing you to get in early and stake, that meant that you may have bought 10-15k worth of tokens, but with staking you held like 20-25k right away in first couple of days because of high stake returns. Then the price went x10 and you had 200-250k suddenly in a week or two. This wasn't rare, it happened quite frequently as well.

This of course is not suggested, its a very risky move and majority of people ended up being in a rug pull instead.

If you do pertain about low cap coins and been suddenly pumped or moon then chances on getting rich wont really be precise unless if you had invested big and then gained 1000x of the said coin then that would surely
be a big hit but not all we do have that kind of chance on which since outcomes and results will really be depending on how someone would be dealing up with price volatility of the coins that you had purchased.
Newbie could potentially make themselves rich but its not recommendable to touch up low caps or not known projects in the market.The odds or chances of losses is high
so dont hurry up yourself on making profits.

Not everyone get that lucky, i have seen some forks who made huge profits during the early ico days and at the moment lost everything to defi and the rest of the new developments in the industry. Let's be subjective and try to look out for projects that have a future perspective and not just an over-hyped project.

First you have to understand some technical analysis and then apply it. It also depends on the kind of trader you want to be maybe a day trader, short term trader or long term trader and so on. These will determine how much skills you need, and also you need to trade to really learn trading. After understanding many technical analysis instruments you will then research on good coins to trade with good volume, utility base on your research metrics and classify them into how the type of trading you want to do. Start with spot trading   you can search for many free tutorials on YouTube and learn patiently from them. Journalise your trading.

The technicalities in trading make it almost impossible for newbies who do not know how to do technical trading to make any profits from the trading at the beginning, trading is not like gambling one can rely on luck in trading you need to do a technical analysis of your trading position.

Every trader has the chance to be rich both new and old traders. However, since you are a newbie or a beginner, don't expect too much on big achievement in trading. You must understand that in any business, the newbie level is the level to focus on learning, not to expect the biggest goal. If being rich is your biggest goal in trading, you can expect it once you have experienced enough as a crypto trader for some years. For me, you are too early to expect being rich.  :-\

Thank you for this awesome reply as the place of education is very important in this kind of situation as trading is not like gambling that one can get lucky to win some lottery without doing anything. Trading needs education and that is what we must have before setting out to start trading.

Trading is not for one that if one has been into trading for a longtime,  it does not guarantee one to be expert or perfect.  Trading is about learning and consistency .
Trading is about practice and learning,  doing it for a longtime without trying to learn to have knowledge may not result with good outcomes at the end of every trading .

From your post it indicates that you looking for a shortcut to success, making making off bitcoin takes plenty of patience, practice and a lot of reading. In bitcoin you can't just become rich over night. So just try and read a lot of articles and watch a lot of videos too.

There is no name here that specify the type of people that can get rich here or the people who cannot get rich out of trading,it all depends on how you go about it,when you started trading,and how consistent you are in trading.

Every newbie that really wants to excel in crypto or trading must read and do thorough research about when to trade and how to trade.So every person has an equal chance of succeeding in trading all you need to do is just to try.

Yes, there's no type on whose the one to become rich in trading which it's really understandable that the ones who are experienced.or knowledgeable will really be having the high chance on getting that kind of situation status when it comes on becoming rich even though nothing is assured or having that sureness for it to happen but you can't really able to make yourself grasp that possible chance.If you do just know on how to sustain yourself into the market or able to survive with this very volatile and unpredictable market then all possibilities are there but don't expect or anticipate for it to happen.

I like this advice, knowledge is very important in any aspect of life and once you can build your knowledge around Bitcoin, whatever aspect of it you choose you will do well. Take trading for instance once a newbie is ready to go through all the necessary training and acquire the relevant skills. making profits easy but this all required alot of time and reading as you have said.

Yes trading is not like gambling. You must have a lot of knowledge to trade. If you have no knowledge about trading then you will make a lot of losses on the trading platform.But sometimes newbie make money from trading platforms, but that can be a joke.For many, good times are favorable, which is why they can benefit from trading platforms.

Nothing is impossible and anyone despite his/her designation or experience can become rich from trading cryptocurrencies. All one need is to know the right project to invest, have a very good strategy and be disciplined.

There is a very thin line between experience and results. Undoubtedly, a beginner can get a good result from the first transactions, but the question is whether he will be able to properly dispose of this profit in the future?

I would likely to encourage newbies to start learning and connect with people with the same passion and interest.
keep on learning and also know how to manage your profits... 
having the knowledge to have money is different from how you can save it and make it grow. Secure both.

I think we've been too one sided on this story. What am about yo suggest might seem like the same thing since, it ends in your making profit but, you might take a different approach towards your trading and I think that would help.

Maybe we could shift our focus from making profit to time and be focused on not making loses. By not making loses, your inversely making profit and with that been th goal all along, your good. You would find yourself doing more of take profits and every penny that you manage to make out of the market is a win for you. It might seem like a penny but, its in the accumulation that the value is revealed!