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Author Topic: Can I get rich by trading  (Read 1448 times)
Mrsonutiten (OP)
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January 17, 2021, 07:25:32 AM
 #1

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
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January 17, 2021, 07:34:21 AM
 #2

If you have a lot of money to start trading and you are good and knowledgeable about trading, I think that you can get rich. The funds will be the priority because if you are trading with pennies then you will need a miracle and patience for an instant wealth to happen to you.
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January 17, 2021, 08:01:48 AM
 #3

You can actually earn and become rich in trading if you think you can go with your knowledge into different parts in trading. Actually, you can play safe in trading, in long term trading by just making an investment and wait to pump the coin this takes time but there is a chance that becomes safer than the margin trading in this kind of trading is riskier than the long term trading but the easiest one to earn immediately. Still, this requires a lot of knowledge regarding with the market graph, technical indicators, trend line and more still you need to make an investment with your knowledge to survive on this kind of trading. So what you will prefer on this both trading investment? it depends what suitable for you if want to monitor the market always go for the margin trading, if you want just to invest and brings back when the market price is high go for long term.

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January 17, 2021, 09:02:04 AM
 #4

It's not a question anymore.
Most of what will happen with traders is being taken over by greed.
The pumps and dumps could change your decisions in a blink.
So, I think the most effective way is to stand with your goal. Discipline.
If you already decided on a selling point at this number or amount, then do so without thinking the pump could make you more.
That's greed if you won't stop it.
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January 17, 2021, 09:21:49 AM
 #5

If you have a lot of money to start trading and you are good and knowledgeable about trading, I think that you can get rich. The funds will be the priority because if you are trading with pennies then you will need a miracle and patience for an instant wealth to happen to you.
Thats not true. Some are started only with minimal funds and we're able to get rich by pooling off a good trade either on centralized exchange or decentralized. I knew some even started form 300 to 500 usd that grows so huge in short time due to their skill set on trading. It's a matter of strategy and technique. I'm not envied of those guys but I set them as inspiration on how they did it.

I'm also a trader and sometime I got lucky or fortunate to gain some good and decent profit and planning to widen that experience more.

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January 17, 2021, 10:09:52 AM
 #6

Thats not true. Some are started only with minimal funds and we're able to get rich by pooling off a good trade either on centralized exchange or decentralized. I knew some even started form 300 to 500 usd that grows so huge in short time due to their skill set on trading. It's a matter of strategy and technique. I'm not envied of those guys but I set them as inspiration on how they did it.

I'm also a trader and sometime I got lucky or fortunate to gain some good and decent profit and planning to widen that experience more.
Yes, in the end it all depends on the expertise we have, even though capital also determines that we should not avoid this fact, but once again capital does not make an excuse for someone who has expertise in trading, of course, will determine what steps will be taken. because expertise is a knowledge that cannot be bought but because he learns from the journey he has been doing for a long time.

I really believe in what you say even though with a capital that is not too large with the expertise that we have, of course we can determine what steps will be taken even though not instantaneously but it is very certain that what has been done will increase with the time that is done in trading. it takes patience and nothing is instant in something like this.

Blessed are you are also one of the many traders and it is clear that to be like you, it takes courage and experience so that you can continue to do what must be done with proper analysis and do not panic and patiently analyze well. you are lucky, until now I have not dared to do it because I introspected myself because of the panic that could not be suppressed in my mind which is precisely the main problem.

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January 17, 2021, 11:00:55 AM
 #7

It's not a question anymore.
Most of what will happen with traders is being taken over by greed.
The pumps and dumps could change your decisions in a blink.
So, I think the most effective way is to stand with your goal. Discipline.
If you already decided on a selling point at this number or amount, then do so without thinking the pump could make you more.
That's greed if you won't stop it.
Btw, there's no get rich quick method. Most of the trader's problems are maintaining their profits. many of my fellow traders have gotten a pretty good profit, but all of them turn into losses in a fairly short time. Expect too much, not having a profit goal on a certain scale and also over trading are greedy that we must avoid

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January 17, 2021, 11:51:36 AM
 #8

People are always looking for x10 or x100 coin, most traders are too greedy. However, in addition to greed, they are also very impatient which is a fatal mistake in trading. So we can get rich by trading, but the number of rich people isn't much.

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January 17, 2021, 11:59:44 AM
 #9

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people

Yes why not? if many people think that they cannot get rich for trading then doing this is a joke, But seriously you can possibly earn some richest here but you should do a lot of research to have proper understanding on what are the things you needed to do, also if you have a small capital on it well obviously it will take longer time for you to  achieve what you targeted for trading some coins here. But if you have big capital to start on then provably you can make things fast but remember learn to execute your trades with having a good decision on when to take your profit and when to execute your cut loss since this is more important upon trading.

R


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January 17, 2021, 12:05:58 PM
 #10

Investors are richer than traders, as a rule of thumbs.

You can get rich by trading IF (lot of IFs)
  • You are disciplined traders who always obey your own rules: to entry and to exit or cut loss.
  • Don't let your emotion decides how you enter or exit the market
  • Don't join leverage trades till the day you are professional and successful trader
  • Don't take loan and use it for spot trading or worse leverage trading. Pressure from loan can result in bad decisions as your emotion and mentality are very unstable.
  • Don't join any signal group and make your trade orders based on your own investigation, calculation

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January 17, 2021, 12:25:50 PM
 #11

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
Yep only 10% people can growth her money woth trade.  Big of crypto people loss her momey. I loss 1 btc 2018 then i stop trade but 2020 again back in crypto.


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January 17, 2021, 12:40:26 PM
 #12

...Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people

When trading, it is very important not to lose your money. This rule is the main one and it is more important than even making a profit. Thus, having learned to trade with minimal risk of losing your deposit, you will definitely make a profit from your trading in the future.

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January 17, 2021, 02:45:56 PM
 #13

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
Well, I would say it is possible to make millions with trading only if you have enough knowledge, experience, and quite a decent amount of capital to use, I guess. However, I don't think you can do it in one day though. It seems they are onto quick profits, are they? Well, that is the common mistake of newbies because there's no such thing as quick profits in trading, you gotta build some patience on it and that is one of the primary reasons why they always lose.



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January 17, 2021, 02:52:24 PM
 #14

Taking the decision to trade or not, completely depends on you.
But your statement cannot be 100% true.
Instead of Getting rich by trading, many people get bankrupt.
So without proper knowledge if you trade then surely you will face losses.
And I belong to both section of the people , i only trade that much amount on which i am capable of bearing losses.

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January 17, 2021, 03:09:16 PM
 #15

There is no instant way to earn money especially in trading. Indeed, there are so many people who tells that trading is a place to earn money quickly, especially in youtube. They make a content where they get a big profit in just a few minutes, it is true but I believe before he gets a big profit like that he will encounter many situations where he has a very large loss.

I believe it is poison for newbies, they teach newbies to be reckless in trading. They only offer a nice way when trading, because as far as I know there are not many traders who make content and show huge losses. My advice is, trading is indeed a way to get money but trading is also a way where you will spend a lot of money. Even not only that, but you will spend a lot of time and thought to achieve what you want. And, I read a lot of books about trading and many of them say that a new trader takes 5 years to get consistent profit.
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January 17, 2021, 04:03:49 PM
 #16

In fact, the concept of trading is not as easy as when you enter the market, conditions that are not always favorable in sales stability, you have targets according to what you want and of course are driven by current market movements. It should be noted that exchanging your money for cryptocurrency does not automatically increase your portfolio by 10x.

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January 17, 2021, 04:08:28 PM
 #17

First of all we have to learn it that trading is not for greedy or a lower hearted people who can not afford a little lose. Trading is only for the man who have knowledge about how it actually works and have brain to analysis. And profit also depend on traders portfolio. Because most of the case who start trading with a little portfolio can not do something good because always they expect a min profit every trade. For example someone has 100 usd in trading. So he expect a min profit 10 usd, but it actually 10% of invested money. But on the other hand if that user had 1000 usd and expect a min profit 10 usd. then It's really possible because it's only 1%.

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January 17, 2021, 04:40:31 PM
 #18

Taking the decision to trade or not, completely depends on you.
But your statement cannot be 100% true.
Instead of Getting rich by trading, many people get bankrupt.
So without proper knowledge if you trade then surely you will face losses.
And I belong to both section of the people , i only trade that much amount on which i am capable of bearing losses.
No matter the case may be, trading this year will be profitable than previous years, especially in the bear. The advice to trade at low risk is determined by the capacity of all traders. Some traded with all they had and they didnt regret it and some with so little yet regret no doing more. I will say trading in bear is unsafe without enough experience but not taking risk this year is more riskier. Put good money in GOOD project and leave at a good time.

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January 17, 2021, 04:43:40 PM
 #19

There is nonentity to explain very especially here. Simply plop, if you have adequate capital, persistence, patience, and enough proficiency in trading, that's all can perform to bring about someone rich. An additional real element is to harmonize with the good and the bad at any time.

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January 17, 2021, 04:46:02 PM
 #20

You can not be rich you can be the richest person in your circle.  But i recommended you something that do not comes in trading platform with this hope that you can be richest person very soon which will effect your hope, trust, and your investment. Comes with this hope that this is another kind of business where i have to learn lots of thing before start. And in my beginning journey i have to be with a little bit profit. Otherwise if you comes with a huge hope from your beginning then it could be like this. That you enter trading and after that you loss some then you becomes frustrated and you take wrong decision which is wrong project you choose to trade. Which result is you get zero. So the final thing is comes here, learn, start with slowly, gain experience then you can see result after a time.
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January 17, 2021, 06:02:37 PM
 #21

Huge capital needed if you want to become a rich guy through trading. As you have said, it's not everyone that becomes successful from it. But being an investor and holding it for a longer time has a better chance of doing it. You can utilize the risk if the market crashes because your only move is to buy with those low prices if ever it happens. And if the price starts to increase, it's the only time you'll start selling. But not everyone is patient enough to wait for those prices to go up.

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January 17, 2021, 06:06:01 PM
 #22

You could if you wanted and had the skills get a decent income just from trading. But to do that you'd probably need to have the balls to stand in markets or buy when others sell, and vice versa. It would be a tough call but it is not impossible  Cool
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January 17, 2021, 09:40:02 PM
 #23

Firstly you need to erase the mindset of getting rich by trading of course that is very important step towards avoiding distractions in your trading journey thereafter learn the skills in trading fortunately their are a lots of materials on trading in the internet  ebooks, videos etc pick a strategy with a high risk to reward ratio practice it very well by subjecting it to stimulation or demo  until you are consistent in profit making, invest your fund into an exchange or broker for live trading compound your portfolio after taking profits with a small amount of funds per trade.

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January 17, 2021, 11:37:05 PM
 #24

Trading is not one day journey obviously, it takes months and years to learn and develop strategies to deal with the market unless you have tons of money to invest in bitcoin in December 2020 and sell all of it in January 2021, you'll make more than 100% profits, but it's not the case for most of the people. So, it's better to grow the portfolio gradually weekly or monthly, or whenever the opportunity arises to make trades. Buy and sell to gain 2%-10% profit is good enough to build the portfolio and don't be greedy, set the buy orders and stop-loss-limit.
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January 17, 2021, 11:54:54 PM
 #25

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
You can make millions but not in just a day, and for sure it is very impossible if you don't take action to that. It remains just a dream and sayings if you are not committed to doing it. Many traders got good money in trading but obviously, they suffer losses also at first before they know what could be the best strategy to apply.

One thing I learn in trading is that,
*only use your extra money in trading, in this case, you are willing to wait for your money to grow and it won't affect you emotionally if the price will dump. Less chance that you sell at low but willing to wait for the price to rise.

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January 17, 2021, 11:58:56 PM
 #26

Huge capital needed if you want to become a rich guy through trading. As you have said, it's not everyone that becomes successful from it. But being an investor and holding it for a longer time has a better chance of doing it. You can utilize the risk if the market crashes because your only move is to buy with those low prices if ever it happens. And if the price starts to increase, it's the only time you'll start selling. But not everyone is patient enough to wait for those prices to go up.

Not only the capital is important, but the trading skills. Unfortunately, these skills are not learned overnight. The strategies that you will learn are acquired throughout the years your into crypto trading. This is why some traders can easily spot a pump and dump coin. Because it is the years that they have been here, that they already know what to look at. Don't think that getting into crypto trading will be your gateway to riches. Because it is not. It will take hard work and patience before you can even get a glimpse of your trading profits.
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January 18, 2021, 12:53:41 AM
 #27

It's like gambling dude. Pure luck and good technical analysis for a basis is highly needed on this part. Like it's doing some do or die if you want to be rich in trading. It's a zigzag road to achieve that but if you are confident enough to make an entry by trading huge amount of capital at once and you are sure of your entry, you can become a millionare in just a snap of finger.

But in reality, people thought you can be rich in trading in an instant. But even the greatest trader make some losses in trading. Especially in margin trading who do some big entries but liquidated at the end.

The essense of this is to learn how to improve yourself. Not to be rich in an instant. It's easy to say that its possible to get rich but when you are here in a real situation you can actually say it's not that easy.
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January 18, 2021, 01:36:22 AM
 #28

snip
Thats not true. Some are started only with minimal funds and we're able to get rich by pooling off a good trade either on centralized exchange or decentralized. I knew some even started form 300 to 500 usd that grows so huge in short time due to their skill set on trading. It's a matter of strategy and technique. I'm not envied of those guys but I set them as inspiration on how they did it.

I'm also a trader and sometime I got lucky or fortunate to gain some good and decent profit and planning to widen that experience more.
That is my belief though, those people grinded their way but what I am saying in that reply is a way to get rich quick. I know that it feels like I invalidate the achievement of those who started from scratch but what I am saying there seems to misinterpreted.
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January 18, 2021, 01:37:09 AM
 #29

Huge capital needed if you want to become a rich guy through trading. As you have said, it's not everyone that becomes successful from it. But being an investor and holding it for a longer time has a better chance of doing it. You can utilize the risk if the market crashes because your only move is to buy with those low prices if ever it happens. And if the price starts to increase, it's the only time you'll start selling. But not everyone is patient enough to wait for those prices to go up.
If he's too good in money and handling it there will be no need for a huge amount to really start, some where able to start with only limited amount, it's sometime through knowledge we can really earn, we should be smart to know when to sell and when to buyback. Before even there's is no huge capita to start being able to join in some campaign can help to start trading now we need to gain more knowledge and alot our own money to start.

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January 18, 2021, 09:14:41 AM
 #30

Huge capital needed if you want to become a rich guy through trading. As you have said, it's not everyone that becomes successful from it. But being an investor and holding it for a longer time has a better chance of doing it. You can utilize the risk if the market crashes because your only move is to buy with those low prices if ever it happens. And if the price starts to increase, it's the only time you'll start selling. But not everyone is patient enough to wait for those prices to go up.
If he's too good in money and handling it there will be no need for a huge amount to really start, some where able to start with only limited amount, it's sometime through knowledge we can really earn, we should be smart to know when to sell and when to buyback. Before even there's is no huge capita to start being able to join in some campaign can help to start trading now we need to gain more knowledge and alot our own money to start.
But that's the reality, the rich getting richer because of their capital advantage. While if somebody don't have a big capital, he has to go many tough times protecting his small funds to grow it. When we say limited amounts, how much that would be? I still think of it as different as the huge capital and little amount. There can be a limited amount but that's somehow acceptable and quite big for someone to start out but in all summary, still depends how he'll make it through many tough times including mental breakdowns which is common in investing in crypto or being a trader.

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chikading2016
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January 18, 2021, 11:51:15 AM
 #31

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
Well everyone really wanted money that is why they invest in cypto and many people today become more greedy they wanted a big earning in day, but is isn't that simple. Trading really needs a big patience and if you wanted to trade with a big profit you also need a big money as capital in short if we wanted to earn a big earning we also need to take the risk.

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January 18, 2021, 01:23:19 PM
 #32

If that is your wish "to be rich in crypto trading" you can take the method or example of the people below who are successful because of trading crypto.

Who are the richest cryptocurrency investors?

And if you want to do "trade" there is a guide that you can read below, to increase your knowledge in trading.

15 Practical Ways to Make Money with Bitcoin in 2021

The bottom line: trading has a risk that your money will be lost, if you do not have crypto trading knowledge, so before trading learn about crypto trading well.

R


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January 18, 2021, 03:27:02 PM
 #33

Crypto trading can make us rich, if we have good analytical skills and also have trading experience. Because so many people try to get rich through
crypto trading, but unfortunately most of the people fail, even lost large amounts of money when trading. Therefore, we must prepare everything
carefully before starting trading. Now it is very easy to learn how to trade properly, many platforms can provide important information related to trading.
I learned a lot of trading from the YouTube platforms. There are lots of videos explaining how to become successful traders.

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January 18, 2021, 03:33:14 PM
 #34

anyone can get rich from trading, only how to do and manage your assets properly. I think nowadays many traders get rich just by doing traders, but they have accurate timing and are also good at doing good analysis in traders, as well as good skills. so my advice is to hone your skills so you can be successful in trading and become rich

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January 18, 2021, 03:38:13 PM
 #35

Sure, you can. But it's a zero sum game, others will lose

The odds are bad far below 50%

Whale win by having more info than average Joe

Carpe diem  -  understand the White Paper and mine honest.
Fix real world issues: Check out b-vote.com
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January 18, 2021, 08:28:17 PM
 #36

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
Things are never so simple, it is true that only a minority of people make money in the markets however the amount of people that actually makes a significant amount of money in the markets is even lower than that, also you make it seem as if this is a problem of will when it is not, most people that become traders want to earn money and they want to become part of the 10%, that is not the problem, the problem is that most of those people have mistaken ideas about what it takes to get that goal and that is what makes them loser traders over the long term.
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January 18, 2021, 08:34:34 PM
 #37

Chances are, yes. Everyone can get rich in trading but the catch is, you need to be knowledgeable and be aware of risks involve.  Wink
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January 18, 2021, 09:57:21 PM
 #38

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people

Yes you can make money and be rich from crypto currency but it won't happen over night. Crypto currency is not a get rich scheme. And to earn from trading, you must know how to trade crypto currency market. And also importantly have a good capital. The more capital you use to trade, the more profits %
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January 18, 2021, 10:14:20 PM
 #39

Chances are, yes. Everyone can get rich in trading but the catch is, you need to be knowledgeable and be aware of risks involve.  Wink
Let's accept the fact that trading is not an easy way to chase profit, you will I guess get rich but not in the instant. You will I guess profited in trading but just in a couple of the day, everything needed to have a better process and to have a better result.

But that is right, you should be knowledgeable enough before entering the field of trading because that is your only best weapon ever.

Every one of us wishing to become rich and most of us looking forward to any strategy to becomes rich. Let's find ways to rich not even on trading which is very risky.

.
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January 18, 2021, 10:28:21 PM
 #40

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
Dont know where you do get that 10% but to presume that you are trying to compare it in forex/stocks market.
https://www.thebalance.com/why-do-forex-traders-lose-money-1344936

10% or not but for sure there are only a few who do able to manage on making money with this market.
This is indeed composed of sellers and buyers and profitability will vary on how well you do
managed yourself on playing with these.

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January 18, 2021, 10:37:18 PM
 #41

Trading will be difficult if one does not master it. For that many traders are from 100% only 20% who succeed and gain more profit in crypto trading.
Here it is not only capital that becomes a factor to get rich in crypto trading. Requires expertise and experience, if you want to minimize the risk of loss.
Always be careful in choosing coins for your portfolio is a good thing before trading and investing. Learn coin technology, coin history may help in trading.

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January 18, 2021, 10:59:47 PM
Last edit: January 18, 2021, 11:21:52 PM by seleme
 #42

Long story short: For getting rich either you have a lot of money or sacrifice your years for learning the hidden secrets of markets. It is not easy to get rich but it is not also impossible to get quickly rich with the right decisions at the right time. Newbies can open the max leverage trade during news and the sudden spike can quadruple the account balance less than 10 mins. Of course, the REKT will happen sooner or later. Trading capital is crucial at one point but some brokers can lend the account leverage for a long time with small commission. By the way, there are controlled mirror accounts on social trading platforms too.

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January 18, 2021, 11:21:04 PM
 #43

Yes it is possible to get rich by doing trading. Some of the people we do know in the field of trading have taken years before they have become successful on this field. Trading is not just a day of making you rich. It is a process and anyone can be possible to do trading as long as you have the knowledge and skills to assess the market to determine the entrance and exit points to gain profit. The funds on starting up trading doesn't matter on how big or small. The important thing is you have an amount to start of trading and that you will make it possible to make growth using trading. Trading takes time and effort so if you do not have such patience on doing trading, you can just fail instead of gaining success on it.

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January 18, 2021, 11:39:42 PM
 #44

Yes, its possible to get rich with trading but it will vary on how you do well on making trades and how much you do risk out because profitability
will vary on how you do trade and this is where most people do have wrong perception towards it that trading can make them rich in no time
without even realizing on how hard to deal with it in reality.

It do requires lots of patience plus sufficient knowledge towards the market and how it moves.This isnt something that you can just
dive in and make money without any effort or hardship.

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January 19, 2021, 01:06:13 AM
 #45

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people

There's no question about earning  lot of money in trading alt coins, you can be a millionaire instant, depends on your capital and investment. If you have more investment the more profit you may gain if you trade alternative coins and most important is your techniques and strategies on how you trade coins otherwise the disadvantages of it you will get loss of your assets and investment if you don't know how to trade coins.

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January 19, 2021, 02:06:39 AM
 #46

Yes we can but trading need a lot of knowledge in order to do it properly specially on how to manage exposure, read charts, manage positions and properly use stop loss and this is on top of controlling your emotions as in the end it is you who takes the decisions when to open a trade. If one invests in the right time, any currency can make them rich. That include fiat currencies.
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January 19, 2021, 05:06:12 AM
 #47

In my opinion proper knowledge can became you rich.Because most of the crypto traders have not much idea about cryptocurrency strategy.Before make big investment on crypto everyone should learn all about trading and became rich with crypto trading you need much patience on your mind.
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January 19, 2021, 05:38:46 AM
 #48

In tennis, it's similar, the top 100 make some money, all the other barely have to cover tournament expenses (tickets, hotels, managers...). If you wish to make money and get rich you need to be on top, but to be there you need to be a pro, in every meaning of that word! A lot of practice, you need to sharp your skills all the time!
Or you can buy a trading bot (some good one), invest in a bankroll and let it work for you!

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January 19, 2021, 01:26:59 PM
 #49

If you know about crypto market and much knowledge about it, then you invest this market. Without much knowledge about crypto market, you should not invest in crypto market. That's wat, a few people are profit from trading, because they have a huge knowledge about crypto.

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January 19, 2021, 01:43:16 PM
 #50

Trading is not an easy way for you to become rich, because trading takes a lot of sweat, tears, failed decisions, and a lot of mistakes and in order for you to become more successful, you have to face that challenges and do everything to become profitable.

Trading is a great source of money, with the right knowledge and strategy, I'm sure you can become rich in time just don't rush things so you won't lose money. Many succeed but still many are suffering big time, simply because they don't know when to stop.
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January 19, 2021, 01:52:56 PM
 #51

It is possible to get rich by trading, but there are many things you need to do before you can start trading.
You need to learn many lessons about trading, practice what you got from the lesson, and get many trading experiences, so you will have a chance to make a profit.
You will get time to feel trading is easy to do and you can make a profit many times, but at other times, you will feel difficult to make a profit.
That will show us that trading is not as easy as we thought, so we need to learn more lessons to improve our skills.
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January 19, 2021, 03:17:29 PM
 #52

Why not to be rich trough trading in bitcoin or altcoin, but you should remember you can be poor if choose wrong coin and not entry with good time. Maybe almost trader only showed with how much profit earn from bitcoin and altcoin trading but they never give trading history with how much money loss from trading, maybe you can begin with spot trading only and never joining any ICO project or trying with future trading, after you know more with spot trading and coin price then you can learn with future or ICO investment.

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January 19, 2021, 05:27:55 PM
 #53

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January 19, 2021, 05:51:00 PM
 #54

It is possible to get rich by trading, but there are many things you need to do before you can start trading.
You need to learn many lessons about trading, practice what you got from the lesson, and get many trading experiences, so you will have a chance to make a profit.
You will get time to feel trading is easy to do and you can make a profit many times, but at other times, you will feel difficult to make a profit.
That will show us that trading is not as easy as we thought, so we need to learn more lessons to improve our skills.

You're on point. Trading is a skill to be learnt and it's not one that should be hurried. One of the mistakes I see a lot of people do is that they want to skip the learning process and go straight to trading futures - not even practicing with spots first. To make matters worse, they do so using signals from telegram channels. While this approach might work for a while especially when the market is trending, these sets of people tend to lose everything they earned simply because they don't know some vital trading concepts like Risk management, proper position sizing and keeping their emotions in check.

Even the best traders had to take out time to learn. You won't get rich by skipping the tedious parts.

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January 19, 2021, 09:48:58 PM
 #55

If you know about crypto market and much knowledge about it, then you invest this market. Without much knowledge about crypto market, you should not invest in crypto market. That's wat, a few people are profit from trading, because they have a huge knowledge about crypto.
Honestly speaking and on what I see, There are some bitcoin holders that I see that don't have too much knowledge about the cryptocurrency market and chances are they are only told to buy some for profit, For example, family relatives. In these past few months when bitcoin started to get attention, There are many new investors in bitcoin and I'm sure they got some profit from it and on the process, this can make people want to learn more about cryptocurrency and most likely they will learn to trade it and know more about the crypto market. Buying crypto without knowledge about it is risky but having a person who knows about it could possibly reduce the risk.
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January 19, 2021, 09:59:48 PM
 #56

If you know about crypto market and much knowledge about it, then you invest this market. Without much knowledge about crypto market, you should not invest in crypto market. That's wat, a few people are profit from trading, because they have a huge knowledge about crypto.
Honestly speaking and on what I see, There are some bitcoin holders that I see that don't have too much knowledge about the cryptocurrency market and chances are they are only told to buy some for profit, For example, family relatives. In these past few months when bitcoin started to get attention, There are many new investors in bitcoin and I'm sure they got some profit from it and on the process, this can make people want to learn more about cryptocurrency and most likely they will learn to trade it and know more about the crypto market. Buying crypto without knowledge about it is risky but having a person who knows about it could possibly reduce the risk.

But with that lack of knowledge which do end up on holding coins do usually result into positive ones which i do called some newcomers luck but eventually that would really result into some mistakes later on.

Neither they would miss out on selling out for profits or would typically sell out early when they do see small gains but well it doesnt matter as long you profit and that what matter most.

Getting rich is possible but it would depending on how well you do make out your trades which not all are capable of.

R


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January 19, 2021, 10:49:24 PM
 #57

To be honest, that depends on you and your mindset. It is probably impossible to happen if you never work for it and improve your trading skills. Because the future result of our trading will depend on what we do today. Remember that there is no such an instant rich scheme in trading and even other business, it never runs smoothly and quitters will never achieve that goal. Therefore, if we are aiming to get rich then we have to work it hard.
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January 19, 2021, 11:14:30 PM
 #58

Of course, I want to be in 90% of the people who succeed in trading. But that doesn’t mean succeeding in that trade is 100% always making a profit.
In trades are not always  profitable,  sometimes  traders  will experience  losses. In fact, it’s not  just a  trader’s problem that’s  expert  or  beginner.
Profit and loss are the laws of commerce. But with the expertise of a trader, it can minimize losses.

/font]
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January 19, 2021, 11:30:06 PM
 #59

Yes, we can be rich from trading, we get so many profits and also collect the profits to make us rich.
However, never forget about "we can also be poor because of trading".
This is also true, when we are greedy, careless, only the following hype, not based on analysis, panic, and also not a good trader, we can lose our money so easily.
So, it means that whatever the condition and whatever what we are going to be rich, just focus on it, realizing also the risks to be more careful, wise, not panic, and also not greedy.

We have seen many cases about this, losing money because of trading. But we also have seen many cases, many people are rich because of profits from trading.
So, what will we do?? In which part will we be?

R


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January 19, 2021, 11:42:32 PM
 #60

you sure theres only 10 percent people that makes money in trading ? we are talking making money and we dont mention making millions yet but if your going to say millions thats another story .
 making millions a day is nearly impossible but it can be verry possible if you are already a billionaire , you can you use billions to make a few millions of profit .
 its easy to compete and win if the competition is composed of greedy individuals , all you need to do is to not be like them .
 we dont need to join those 90 percent just because they are too many compare to 10 percent .
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January 20, 2021, 07:10:25 AM
 #61

You're on point. Trading is a skill to be learnt and it's not one that should be hurried. One of the mistakes I see a lot of people do is that they want to skip the learning process and go straight to trading futures - not even practicing with spots first. To make matters worse, they do so using signals from telegram channels. While this approach might work for a while especially when the market is trending, these sets of people tend to lose everything they earned simply because they don't know some vital trading concepts like Risk management, proper position sizing and keeping their emotions in check.

Even the best traders had to take out time to learn. You won't get rich by skipping the tedious parts.
New people will not care about the process as they want to make a short time profit.
They try to use many signals on telegram channels, and even they paid for getting the signal which we do not suggest to them.
It is better to learn by ourselves, so we can have a chance to improve our skills to be better in the future.
That will be our benefit if we can improve our skills because we can adapt to the market's current situation.

Crypto trading can really give us good fortune that will make us into a rich and wealthy trader but it won't happen in a quick time. Trading is really exciting but it's a high risk and if you're not smart and good enough, you will end up losing all your money in just a blink of an eye. But if you trade with proper technique and good strategies, its possible that you will get rich and earn huge amount in trading.
Yeah, it is right because we saw it before.
As long as we can learn anything related to trading, we can have the opportunity to make a profit.
By improving our skills, we can minimize the risk and we can act base on the current situations, and we can know when we can trade.
Sooner or later, we will have the opportunity to earn huge amount from trading, and it is just a matter of time to us.
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January 20, 2021, 07:17:08 AM
 #62

Crypto trading can make us rich, if we have good analytical skills and also have trading experience. Because so many people try to get rich through
crypto trading, but unfortunately most of the people fail, even lost large amounts of money when trading. Therefore, we must prepare everything
carefully before starting trading. Now it is very easy to learn how to trade properly, many platforms can provide important information related to trading.
I learned a lot of trading from the YouTube platforms. There are lots of videos explaining how to become successful traders.
Analytical skills are very important that's true, but you have to realize that sometimes you just need to be lucky. There has been many times when the charts showed that bitcoin should go up but it went down, many times it showed it should go down but it went up, so there has been many times no matter how great of a trader you are, you just were unlucky. This is the exact reason why I keep saying that you should do absolutely everything in your power if you can, but if you end up failing and lose money, you should not be upset about it.

Crypto trading is not simple, it will not be just few steps to get richer, it is going to take some time and it is going to be very hard. However if you know what you are doing, and if you try your best, you could potentially get some profits in the end and if you are at + when all your trades are over, that's all you can ask for.
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January 20, 2021, 08:10:19 AM
 #63

This could happen but that is not easy.

It is true that with the price increasing like this, trading could be profitable but these kinds of pumps don't happen that much, and most of the time, you will be dealing with a price that you will find hard to deal with. You need to study the signals based on your analysis and don't always depend on what other people say. For me, investing has a higher chance of making a profit than trading.
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January 20, 2021, 09:19:23 AM
 #64

(...)

Even the best traders had to take out time to learn. You won't get rich by skipping the tedious parts.

New people will not care about the process as they want to make a short time profit.
They try to use many signals on telegram channels, and even they paid for getting the signal which we do not suggest to them.
It is better to learn by ourselves, so we can have a chance to improve our skills to be better in the future.
That will be our benefit if we can improve our skills because we can adapt to the market's current situation.


I had a similar experience when I jumped aboard the crypto bandwagon. I wanted to get a piece of the trading money quickly so I patronized signal groups and even pump & dump groups too. There were wins but the losses quickly outweighed the wins when the 2018 bear market kicked. I was caught with my pants down with no clue of how to preserve the profits I made during the bull market. That's the downside with skipping the learning process, you tend to gamble on trades. No rules, trading system, setups or even properly managing risks. It's gambling, nothing more.

I learnt the hard way.




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January 20, 2021, 10:21:58 AM
 #65

I think most people start with this question, and this is why "90% of traders lose money" -> because they think its an easy and quick to learn way, to get rich. Soon they realize it is not as easy as they thought, and then they leave. Successful traders are the ones who refuse to give up.

So: Is it possible to make money, trading BTCUSD? Sure thing. Is it easy? Nope.
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January 20, 2021, 12:29:57 PM
 #66

Since I've been trading for the last couple of years and I could even consider like I have some tech/trading knowledges, when I read ''90% of traders lose money'', it makes me lauch. There are not good traders if they didn't lose a good amount of money before so if you have some good traders as your friends and they say that they are top traders and they have never lost money, that's not true. I repeat, a good trader has lost a lot of money. Regarding the thread topic, you can be rich trading, why not, but you need to invest a good amount of money to be rich. I agree that If you joined the crypto space in 2012 or so and you bought many thousands of bitcoins by that time, you can trade them now and be rich easily but I suppose you are not refering to this case, you are talking about a normal trading nowadays so you have to invest a good amount of money if you want become a rich guy Wink
There is another open point to be discussed, how much money do I need to become rich? In my personal opinion, 1M$ could be considered as a rich guy but this amount of money could not be considered enough for many other people, so this is another subjective opinion to be considered.

KOL Manager and CriptoGemas CEO, just contact me on telegram: @angelfcc - @CriptoGemas_R4H
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January 20, 2021, 12:45:09 PM
 #67

Could you get rich in trading Huh Yeah, you could but the barriers are high.

You could get really into trading and think that you might be able to make a living out of it, but this does often depend on your analysis of the market. Your approach to investing and risk management. Let's not forget that it can be time consuming and extremely stressful. SO, if you can deal with all of that, then you're set!!!
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January 20, 2021, 01:56:02 PM
 #68

You can get rich through trading and you can also go bankrupt either. However, the knowledge you have about trading, time, capital, and your patience level will determine if you're going to get rich or will be among the traders that once believe cryptocurrency is a quick to rich scheme but later lose their life saving and blaming it on Bitcoin whereas the problem is from their end because they don't seek knowledge first before dive into trading

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January 20, 2021, 01:58:12 PM
 #69

Trading is possible to get rich but only a few people are capable of this. Most people are better off being an investor with this approach, they are more likely to not lose money.
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January 20, 2021, 04:30:07 PM
 #70

I know some personalities on social media from different countries that become a millionaire from bitcoin trading but its not easy it took years for them to master how market works by studying technical analysis and course you need big money to profit more some traders I saw has $100k-200k balance and the profit is really insane if you start in a small balance you also need years to earn huge money if your lucky but trading is not always a win thats why you need to study how it works.   

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January 20, 2021, 05:02:02 PM
 #71

Yes you can but you have to be a good decision maker first.
You have to analyze the market when to sell and when to buy. Which token has a great potential in near future.
Instead of these you also need some luck.

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January 20, 2021, 05:43:58 PM
 #72

If you have a lot of money to start trading and you are good and knowledgeable about trading, I think that you can get rich. The funds will be the priority because if you are trading with pennies then you will need a miracle and patience for instant wealth to happen to you.

Trading isn't about instant success. We can't get rich through it in just a single day because it takes a lot of courage for us to earn a good profit in this field. It's not just a capital that we need but we also have to dedicate our time and effort to pursue it. Trading is a long process of learning so we also need to have an eagerness to adopt the possible market changes and for us to deal with the volatility of the market. We should also know how to handle our emotions since the market is unstable and always changing. Trading all in all is a long journey and we have to be knowledgeable about it.
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January 20, 2021, 06:16:28 PM
 #73

The answer is yes, but technically you have to work it your way up until you gain enough experience and knowledge. Also, even if you call yourself a successful trader, gaining a good profit sometimes is hard. This just means that trading is not really for everyone but only to those who have patience and dedication to succeed.

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January 20, 2021, 07:36:26 PM
 #74

trading is not easy as imagined, there are many obstacles that we will go through when trading,
especially if we do not have long experience, learn to endure greed, and learn analytical techniques.
the longer your experience can make more comfortable your trading and that is the key to success.
Rich can happen if you hard work!

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January 20, 2021, 08:03:35 PM
 #75

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
I have never seen anyone getting rich by just trading. Moreover getting rich is also a pretty subjective word. I have seen a lot of people earning a stable living from trading and markets this can be alongside your existing stream of income and people who it full time make a bit more than others. But dreaming of earning millions just by trading doesn't generally work. The problem is the greed and worry that comes with increasing your capital. When people trade with comparatively low capital they play trading within thier scope which doesn't bring in greed in them. They just create a daily target for themselves and try to achieve that milestone daily. They don't overdo things and neither do they try to compete with the market. This is the key to make a living from trading. But yes it's not that losses in trading are impossible I have seen these same people blowing up their accounts so many times or not making even a penny in quite a few months but this is the real test of your patience.
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January 20, 2021, 09:34:03 PM
 #76

trading is not easy as imagined, there are many obstacles that we will go through when trading,
especially if we do not have long experience, learn to endure greed, and learn analytical techniques.
the longer your experience can make more comfortable your trading and that is the key to success.
Rich can happen if you hard work!

But there are people who do really expect that much when it comes to trading where they can make themselves rich in a short span of time or
lets say a quick rich scheme which is totally wrong to mind off and mostly noobs do have this kind of mindset and when the time that they
had to encounter the reality then they do fucked out theirselves and telling that this wasnt simple after all.It would really take lots of trades,
time and effort for you to grasp out anything here on trading world.This isnt something that can be acquire in a short time.
Yes, you can get rich but depending on how you do trade and how much you do risk on.
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January 20, 2021, 11:14:44 PM
 #77

Of course, you can, why not...
give real examples. If you bought Ethereum in March 2020 and then sold your Ethereum right now, you will now get a 10x profit. to become rich in trading is not easy, it takes ability, mental fortitude, and also strong belief. *work hard dude



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Rainbot
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January 21, 2021, 06:52:29 AM
 #78

I had a similar experience when I jumped aboard the crypto bandwagon. I wanted to get a piece of the trading money quickly so I patronized signal groups and even pump & dump groups too. There were wins but the losses quickly outweighed the wins when the 2018 bear market kicked. I was caught with my pants down with no clue of how to preserve the profits I made during the bull market. That's the downside with skipping the learning process, you tend to gamble on trades. No rules, trading system, setups or even properly managing risks. It's gambling, nothing more.

I learnt the hard way.
I had that experience too in 2017-2018 and at that time, I almost made a big profit, huge profit, if I do not have an urgent thing that I need to solve.
But I do not regret it because I still make some nice profit with that, and I do not be too late to sell my coin at that price.
I never join in the pump and dump groups because I know that the groups are too risky to join, and many of my friends lose their money because they can not follow the price moves.
We already had a bad experience in the past, and I am sure we do not want to get the same experience, so we need to prepare for the next bitcoin and altcoin season to sell at a high price.
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January 21, 2021, 07:17:26 AM
 #79

you can get rich by Hodling the right assets.
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January 21, 2021, 09:38:34 AM
 #80

Yeah you can if you are consistent. Nothing is impossible. Just don't get your hopes high as soon as you start trading. Trading takes patience and you will eventually start making profit once you get hold of it through experience. Don't forget, mistakes that you will make will help you learn better.

Only less than 10% of the people really makes money by trading.

Really? Where did you get this statistics from? I doubt only "10%" of the people really makes money by trading. If this was real, no one would want to trade.
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
At this point, it looks like you are just trying to demotivate people from trading.

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January 21, 2021, 11:31:58 AM
 #81

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.
I do see alot people go into the trading sphere with this mindset of getting rich in short amount of time and times without number I have seen their accounts go back to zero (0),cause most times they don't wait to acquire the proper knowledge needed before jumping into trading, because of screenshots of successful trades they see online they think trading is as easy as it seems, not knowing those traders don't post pictures of the trades they have lost, as a newbie trader its important to guide your mind and not let those screenshot you see online deceive you.

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January 21, 2021, 12:17:27 PM
 #82

If you're thinking already that you're going to rich in Trading even if you're just a starter, please don't, it's a trap. Being too confident can lead to a disaster, rushing things up will just blur your vision in the long run, so instead of earning profits, you'll just continuously lose your capital.

Trading could indeed make you or anyone rich in a certain period of time, but not overnight or just in a day. You have to experience first profit losses, sleepless night because of stress and frustration due to bad decisions. We all have to climb up the ladder of success step by step, there's no shortcut in victory.
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January 21, 2021, 01:46:56 PM
 #83

The simplest way to answer the topic question is to ask yourself,
if there are really millionaires and billionaires who met there fortune through trading bitcoin?
If for whatever reason you get to answer yes to yourself, then the next question for you is,
should they meet their fortune through trading, why can't you?

It's a simple thing, the era your met with doesn't matter much, your knowledge, experience, capital and how you manage risk determines how fast you would to attaining your goal and how well you would do trading bitcoin. Having all this in check could be the go you need.
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January 21, 2021, 02:11:24 PM
 #84

I think is very possible to get rich why trading but I think is a gradual process and not the way people think, most people think cryptocurrency is just very easy to trade, for you to be rich with trading you just have to follow the normal procedure and you can't just get rich with 24hours. It might take months depending on the amount you are using to trade and the partern you are using and you might even endup losing all your funds.

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January 21, 2021, 04:12:36 PM
 #85

I repeat, a good trader has lost a lot of money. Regarding the thread topic, you can be rich trading, why not, but you need to invest a good amount of money to be rich. I agree that If you joined the crypto space in 2012 or so and you bought many thousands of bitcoins by that time, you can trade them now and be rich easily but I suppose you are not refering to this case, you are talking about a normal trading nowadays so you have to invest a good amount of money if you want become a rich guy Wink
That's what people are not realizing, because in the trading world you lose some money but you try to earn more money. If you invested 1000 dollars, made it into 1500 dollars and lost money to become 1300 dollars, that means you "lost" 200 dollars but you are still 300 dollars up total. That is what the aim of traders should be, every trader loses money but if you have more money in the end that means it should be fine for you, and that is what you should aim at.

If you try to aim at never losing money that means you are a bad trader because a true trader would know that losing money is inevitable in trading world. However one thing is for sure, if you are not definitely sure about a trade, do not do it. Most important thing in trading is researching and making sure that thing you want to buy is at the right place, buying is the most important part of trading, selling is less important.

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January 21, 2021, 04:53:40 PM
 #86

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
It's really hard to be successful on trading alone.  People who trade with cryptocurrencies use a large percentage in this environment.  But as you say the success rate is very low, even though advanced techniques can be applied, it is difficult to create lines that will always be profitable over time.  I have tried but not confident to pursue my dream of commercializing crypto.

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January 21, 2021, 05:57:17 PM
 #87

Of course, you can, why not...
give real examples. If you bought Ethereum in March 2020 and then sold your Ethereum right now, you will now get a 10x profit. to become rich in trading is not easy, it takes ability, mental fortitude, and also strong belief. *work hard dude
It is a long term type of trading. hold it for long enough to reach new ATH again. But mental strength will be very influential for the results that will be obtained. Want to get rich by trading but don't know how to analyze the market and a weak mentality will make someone lose everything in trading and go bankrupt. It's not that easy to get rich by trading. It takes a long process and knowledge of trading. But there are also people who are always lucky.
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January 21, 2021, 06:39:18 PM
 #88

Trading is the way most people do because we can feel the profits in a short time.
Crypto Volatility can be used as income if you are able to manage risks, and can bring losses if you cannot manage it.
There is no easy way to make money but your knowledge and experience can help you to make a profit.
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January 21, 2021, 06:49:30 PM
 #89

I repeat, a good trader has lost a lot of money. Regarding the thread topic, you can be rich trading, why not, but you need to invest a good amount of money to be rich. I agree that If you joined the crypto space in 2012 or so and you bought many thousands of bitcoins by that time, you can trade them now and be rich easily but I suppose you are not refering to this case, you are talking about a normal trading nowadays so you have to invest a good amount of money if you want become a rich guy Wink
That's what people are not realizing, because in the trading world you lose some money but you try to earn more money. If you invested 1000 dollars, made it into 1500 dollars and lost money to become 1300 dollars, that means you "lost" 200 dollars but you are still 300 dollars up total. That is what the aim of traders should be, every trader loses money but if you have more money in the end that means it should be fine for you, and that is what you should aim at.

If you try to aim at never losing money that means you are a bad trader because a true trader would know that losing money is inevitable in trading world. However one thing is for sure, if you are not definitely sure about a trade, do not do it. Most important thing in trading is researching and making sure that thing you want to buy is at the right place, buying is the most important part of trading, selling is less important.
Doing day trading in my opinion buying and selling is just as important, because we are not as investors but as traders, where we have made purchases and when we have made a profit we just have to sell them, and we can profit from the trades we make, then we can buy again. with other coins or with the same coins, but we have to wait a definite time to buy according to our speculations and predictions, of course.

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January 21, 2021, 06:54:29 PM
 #90

You can become rich in trading as well as poor. The bottom line is that the main problem with trading is that you can lose your money.
That is, you can make yourself poorer with your own hands, and this is the worst thing. If you like trading, fine, but understand that this is a full-time job.
Yes, it can make you rich, but at the cost of hard work.

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January 21, 2021, 08:27:10 PM
 #91

no.

because there is no way to trade successfully.

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January 21, 2021, 09:35:59 PM
 #92

If you're thinking already that you're going to rich in Trading even if you're just a starter, please don't, it's a trap. Being too confident can lead to a disaster, rushing things up will just blur your vision in the long run, so instead of earning profits, you'll just continuously lose your capital.

Trading could indeed make you or anyone rich in a certain period of time, but not overnight or just in a day. You have to experience first profit losses, sleepless night because of stress and frustration due to bad decisions. We all have to climb up the ladder of success step by step, there's no shortcut in victory.

If you're too lucky to become rich then it's your lucky moment in life, having shortcut of wealth was just like winning on a jackpot raffle. However, trading won't be like that way because it needs more effort, experience and downfalls. Personally I've been through those past experiences that almost made me rich, but suddenly frustrated me along the way due to market downturns which eventually made me learn more options in life on how important every opportunity to sell while there's a option to earn when market was still productive.
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January 22, 2021, 06:55:25 AM
 #93

No one is born a successful trader that makes it trading a difficult task, so getting rich by trading is not easy. However, if you can face every consequence, have studied the market, you always use a trading plan, and you know how to use a stop loss. You might be good at trading and earn a considerable amount of money with it. Having a good trait or characteristics can also help you to be a great trader such as discipline, patience, enthusiasm, always think straight, and mental toughness.

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January 22, 2021, 10:56:10 AM
 #94

If we do have good trading skills and long trading experience, then we really understand how to make profit from trading. We can get big profits
and become rich, but to get rich through trading we need to get a big profit every time you trade, and to get a large profit requires a large capital too.
So in my opinion to get rich from trading like that is very difficult, there must be some supporting factors too. One of them must have a large
amount of capital, which not everyone has.

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January 22, 2021, 11:41:16 AM
 #95

The simplest way to answer the topic question is to ask yourself,
if there are really millionaires and billionaires who met there fortune through trading bitcoin?
If for whatever reason you get to answer yes to yourself, then the next question for you is,
should they meet their fortune through trading, why can't you?

It's a simple thing, the era your met with doesn't matter much, your knowledge, experience, capital and how you manage risk determines how fast you would to attaining your goal and how well you would do trading bitcoin. Having all this in check could be the go you need.
There are really no people who became billionaires by "trading" bitcoin, there could be maybe one or two that made a billion dollars by getting it very early but there are really not that many people with that much bitcoin neither as far as we know, the most recent is Grayscale who profited billions but they did it via investing. Everyone can become very rich by investing if they start at high level and gain a decent return like 20% a year for 20+ years, but trading is not a billionaires job.

You do not see people buy and sell in 50+ million range that frequently, they just buy and hold and later sell months later. However we do not need to become billionaires, that is too much, but what we can be is millionaires. Even just this year some guy made his 70k into 1+ million dollars via margin trading and high leverages, obviously on a good period, took him just 6 months. So yes trading could make you a millionaire, but maybe not billionaire.

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January 22, 2021, 04:01:23 PM
 #96

Of course, you can, why not...
give real examples. If you bought Ethereum in March 2020 and then sold your Ethereum right now, you will now get a 10x profit. to become rich in trading is not easy, it takes ability, mental fortitude, and also strong belief. *work hard dude


I think that's an unpredictable thing, it's true that currently crypto movements are showing a positive trend what if the opposite?

I think in the world of trading we must still have proper management, which has also been carefully calculated. Both in terms of risk calculation and calculation of predetermined targets according to ability (if there is a bonus it can be considered that it is an added value).

Of course we really need to think about this regardless of the technical and fundamental analysis that we have to master.
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January 22, 2021, 05:14:50 PM
 #97

I introspected myself on account of the frenzy that couldn't be smothered in my psyche which is decisively the primary issue. The greater part of the broker's issues are keeping up their benefits. large numbers of my kindred dealers have gotten a very decent benefit, yet every one of them transform into misfortunes in a genuinely brief timeframe.

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January 22, 2021, 05:28:25 PM
 #98

They possibly offer a pleasant way when exchanging, in light of the fact that to the extent I know there are relatively few brokers who make substance and show gigantic misfortunes. My recommendation is, exchanging is for sure an approach to get cash however exchanging is likewise a way where you will go through a great deal of cash. Exchanging is just for the one who know about how it really functions and have mind to investigation.


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January 22, 2021, 07:04:30 PM
 #99

Yes ita not dufficult. But one thing you have not cleared. Want to rich in short time kr long time. If you want to trade short term bery easy  choose a good coin and take 10% profit daily to acquire.
If Long term trade top 10 coin and you cam earn a happy income.

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January 22, 2021, 07:07:34 PM
 #100

~~~~~~~
Was that 10%/90% came from a study? Could you quote your source in the OP as well?
In any way does the number matter if you haven't even mentioned any factor on why is it only 10%?
I forgot the news article I read long time ago but there was a college kid that quit college and went straight up to crypto trading. If only I have that much time to learn trading, I would've dropped.
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January 23, 2021, 07:09:25 AM
 #101

I agree with your discussion that 90% people cant abale to make money from crypto trading, for a successful traders need to proper knowledge and idea about crypto market and project. Without any knowledge and idea nobody can't make money from Crypto trading.            
The fact that of there are lots of people have been making a lot of money regularly from their trade. That depends one the individual who has been doing the trade on the market.
The whales are always making a lot of money from the market and that's proven that as long as people can do that properly and they can get rich by doing the trade in the market.

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January 23, 2021, 10:43:24 AM
 #102

Getting rich is possible but they need to have plan because the millionaire trader have a lot of plan to rich their goal. There is some trader who become rich because they got a very potential coin with cheap price and price will become bigger so they get a lot of profit. Trading is perfect opportunity to earn money but become millionaire in weeks or short period time is impossible it takes years to hit that and there is no guarantee also you will be millionaire.
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January 23, 2021, 04:37:48 PM
 #103

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people

If you are rich or have a huge amount of money, I guess you could be rich for sure.
However, if you are one of the ordinary traders here just like me, I think it will be a long journey
before we get the high level of being one of the rich people here in cryptocurrency. Because, in crypto trading
there is a basic process that We need to undergo first.
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January 23, 2021, 10:24:36 PM
 #104

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
It's true not all crypto traders can say they make profits off the coins they traded on, in every field of life there are always winners and losers in the market, even the winner lose their trades sometimes, just deciding to be between the 10% who win trades and the 90% who doesn't isn't enough, you have to put in the work, like learning about new trading strategies daily, because learning never ends you need to build your trading knowledge more in order to be among the %10.

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January 23, 2021, 11:50:32 PM
 #105

Trading can make you rich and can even make us fall, it all depends on how much your ability to trade,
if you don't have that ability, then I believe your trading will be easily messed up, especially trading in crypto currencies must have high skills,
not only TA must be honed, but restraining trading emotions must also be mastered.

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January 24, 2021, 12:52:20 AM
 #106

I've seen many people live off just by trading profits and yes I think it is possible with the proper mentality and set up and a good maintaining balance. I have a friend who completely resigned from his day job work just to focus full time on trading and base on what he is telling me he is doing good. But we must keep in mind that what worked for others might not work for you, don't take it as financial advice when you hear someone that yes it is possible trading still has high risk and you have the potential to lose all your money if you are not ready.

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January 24, 2021, 02:38:23 AM
 #107

There are a lot of skilled traders.

People are getting rich by trading. There are a lot of them and some of them are even paid to trade other's funds. As long as you know what you are doing, you have the knowledge to do so. Some say that it needs a lot of funds to start with but there are a lot of people that started with a little fund and now earning a lot of profit.
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January 24, 2021, 03:26:11 AM
 #108

Trading can make you rich and can even make us fall, it all depends on how much your ability to trade,
if you don't have that ability, then I believe your trading will be easily messed up, especially trading in crypto currencies must have high skills,
not only TA must be honed, but restraining trading emotions must also be mastered.
Learning about TA takes time and for new people, it is possible that they also need a teacher for private training. op asks whether someone can get rich by trading, of course you can, but the capital here also matters. everyone's rich context is different. if our target is large, maybe capital is also influential even though trading can also provide big profits now with the copytrade can help many people to be able to earn without having to be able to analyze

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January 24, 2021, 04:45:57 AM
 #109


Only less than 10% of the people really makes money by trading.

...
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
Assuming that only 10% had succeeded in trading but I don't think they'll get into an easy trading history or being an instant millionaire. For this 10% out of thousand individuals who tried in this, it for sure they are able to reach their goal but it takes years.
Definitely, it is our decision to take the risk or not, to weaken and quiet when suffered losses and difficulties? These things will give us an excuse of not achieving our goal and aiming to become rich is just a dream at all.

For I am into trading, I don't aim that high. What I ask for and working hard is to make a profit in every trade I make. Well, that be close to that soon if I continue doing this.



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January 24, 2021, 03:01:55 PM
 #110

Getting rich by trading is all what we are trying to do here, it is definitely "possible" and that's what we aim at, is it doable? Depends on the talent of the trader, if you are a good trader you can but if you are a bad one you won't. I think people are not realizing that bitcoin has billions of dollars worth of trading every single day, do you really believe that all of those buys and sells are from people who just buy because they want to hold for a long time or sell because they want to get out?

Most of that volume comes from people who buy and sell intraday so they could make a profit from day trading, that is billions of dollars traded within a day in an out of traders accounts. Which is why I believe it is quite obvious why we can easily say it is possible to make a profit from trading, it wouldn't be easy but it would be definitely possible.

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January 24, 2021, 03:17:45 PM
 #111

The answer is yes, of course. I've seen a lot of people who become rich because they do trading after they retire from their work they focus in trading, some of them make trading as their way of living, but keep in mind that this might get you rekt as well, you can win and you may lose as well, you just need to be prepared so whatever may happens even though you lose some it would not make you fall into deficit and would not make you poor.
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January 24, 2021, 07:41:34 PM
 #112

not as easy as imagined to get rich from trading. now we have to see the real thing if to become a professional trader must be smart, and skill must be good. without it nothing will happen because trading is a mystery where price movements are unpredictable and always change in every second. so the analysis needed to get rich from trading
That is the problem, those that imagine themselves making a fortune in trading never imagine all the hard work that they will need to put into it because they think it is easy, and as we know making money in trading can be incredibly hard especially when the market moves abruptly from one direction to the other as it does not give you time to react and place orders with enough speed, so while becoming rich with trading is possible the majority of traders will not make any money in the markets.

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January 24, 2021, 08:52:01 PM
Last edit: January 25, 2021, 11:18:41 PM by seleme
 #113

The answer is yes, of course. I've seen a lot of people who become rich because they do trading after they retire from their work they focus in trading, some of them make trading as their way of living, but keep in mind that this might get you rekt as well, you can win and you may lose as well, you just need to be prepared so whatever may happens even though you lose some it would not make you fall into deficit and would not make you poor.
I can make anyone millionaire if that person has billions, the logic in trading is easy and straightforward: to maximize the profit and increasing the r/r with compound interest. Big boys aka hedge funds will never get poorer for the exact mentioned reasons.

not as easy as imagined to get rich from trading. now we have to see the real thing if to become a professional trader must be smart, and skill must be good. without it nothing will happen because trading is a mystery where price movements are unpredictable and always change in every second. so the analysis needed to get rich from trading
That is the problem, those that imagine themselves making a fortune in trading never imagine all the hard work that they will need to put into it because they think it is easy, and as we know making money in trading can be incredibly hard especially when the market moves abruptly from one direction to the other as it does not give you time to react and place orders with enough speed, so while becoming rich with trading is possible the majority of traders will not make any money in the markets.
The vast majority think only about making money, they don't care about money management and margin adjustment. The market can be fast sometimes and newbie luck can work on these times but sooner or later the luck will drain the energy of the trader and he will start to trade with logic. If the person has not related trading experience in this field, it will be his last trade on a specific market...

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January 25, 2021, 04:44:43 AM
 #114

Assuming that only 10% had succeeded in trading but I don't think they'll get into an easy trading history or being an instant millionaire. For this 10% out of thousand individuals who tried in this, it for sure they are able to reach their goal but it takes years.
Definitely, it is our decision to take the risk or not, to weaken and quiet when suffered losses and difficulties? These things will give us an excuse of not achieving our goal and aiming to become rich is just a dream at all.

For I am into trading, I don't aim that high. What I ask for and working hard is to make a profit in every trade I make. Well, that be close to that soon if I continue doing this.
Those 10% not succeed because they are the only ones who are good at trading, they succeed because they are the only ones who want to succeed and realize what it takes. Those 90% include some people who would be great traders but they fail to become one because they can't wait to make some money, if they wait a lot longer and they work hard and long hours for years they would become one of those 10% as well but they fail because they want to get rich right now.

If you know what it takes to be a good trader, if you are willing to study, if you are willing to learn, if you are willing to practice, if you are willing to trade for 1-2 years gaining experience with lower amounts, you will get into that 10%, but you have to do all of these very properly without getting any shortcuts or wanting any quick returns, if you can do this you will become one of those 10% that profit.

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January 25, 2021, 05:19:23 AM
 #115

Of course you can get rich by trading if you are skill enough to make a good strategy, manage your risk reward ration and being a smart trader. But beware since some traders also lose and ended up being broke with trading that's why it's important that you have good knowledge in analyzing the market.

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January 25, 2021, 06:07:36 AM
 #116

Trading is good ideas. But you know the trading information. Trading is not to easy to handle. So first know the market price changing. Market price is any time to change. So know that information. Then easy to trad in Mark place and get more profit.

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January 25, 2021, 03:52:09 PM
 #117

Trading is good ideas. But you know the trading information. Trading is not to easy to handle. So first know the market price changing. Market price is any time to change. So know that information. Then easy to trad in Mark place and get more profit.
We never find out the exact market price change, But how all the traders are continuously trade in crypto platform, Because all are know about the stability of each coins. So active investors are survive in forever. Margin trading is little difficult to handle for all the investors, because we see profit or loss at anytime so must split to invest and take a huge buckets of cryptocurrencies.
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January 25, 2021, 09:50:18 PM
 #118

You've said it all. Op, but let me add
People who know what they are doing can actually becoming very rich in crypto trading, but I must say its not easy, and it also requires alot of decipline, I've ones entered into crypto trading, I came out after some time and decided I will just become an investor cus in trading, sometimes, am forced to hold coins or tokens I never intended buying and holding, but selling will result to a significant loss, so in other to avoid this loss, am forced to hold and sometimes, after waiting for long time, I still end up selling at a big or bigger loss. This is why I decided to become an investor instead of a trader.

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January 25, 2021, 11:22:01 PM
 #119

Well, every trader started trading with the intention of getting rich although a large percentage of them fail at this because they did not take time to understand how it works.
Trading crypto isn't something one dabbles in just anyhow. One needs to take time to gather knowledge and the necessary skills required for becoming a successful trader.
Other than gathering knowledge, you need to have a substantial amount of capital. At least, you'd need less time to make significant amount of profit.
Lastly, you must be able to manage risks. Risk management in trading isn't emphasized enough. You can have the necessary knowledge and skills with a substantial capital and lose all if you can't manage your risks.

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January 25, 2021, 11:39:21 PM
 #120

A trader can get rich through trading. For the same the user should have good capital to invest. With top cryptocurrencies it is possible to make assured profit out of the volatile market. More the volume more will be the profit, and this has high risk when we go for large difference between the buying and selling.

Another possible way is through luck, and this happens with very few users. Even a small investment has got the ability to provide a big return out of the investment. Or else one should have the patience to buy and hold for the right occasion to profit.

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January 27, 2021, 07:33:02 AM
 #121

You can actually earn and become rich in trading if you think you can go with your knowledge into different parts in trading. Actually, you can play safe in trading, in long term trading by just making an investment and wait to pump the coin this takes time but there is a chance that becomes safer than the margin trading in this kind of trading is riskier than the long term trading but the easiest one to earn immediately. Still, this requires a lot of knowledge regarding with the market graph, technical indicators, trend line and more still you need to make an investment with your knowledge to survive on this kind of trading. So what you will prefer on this both trading investment? it depends what suitable for you if want to monitor the market always go for the margin trading, if you want just to invest and brings back when the market price is high go for long term.
Some good points already pointed out. A trader who wants to become rich by doing trade then must follow those tips. Otherwise, it won't work a lot or long time. In trading, anything can possible, you can be a rich person or you will lose your funds, both are possible and happening everytime. So, you must maintain those if you become a rich person by trading.

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January 27, 2021, 01:38:48 PM
 #122

I would say having this sort of trading experience would be great for long term as well. I understand that trading is a short term thing, I understand that day trading for example is literally "day" trading but if you learn these skills, you could make it into a business. Sure there will be days where you will lose, but there will be days when you win as well, which is why I think it is quite clear that we should not focus on the moments when we lose, but focus on overall and how we are doing.

If you are a good trader, and make a decent return every single day, even having 1% profit per day "average" (you can't make profit everyday, but some days will be higher) you will be capable of making a huge return every year. That is why those short term gains combined together for the course of many years would mean a lot of profit in the long term as well.
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January 27, 2021, 02:17:41 PM
 #123

There is no rush things in becoming millionaire because there is a lot of time and hardwork that you need to do to reach that status in life it's needed to have process there is not need to be rush. I don't think so that only 10 percent of the trader earn in the trading because base on what I see many people are going to earn money because of the trading.

Its true there is no easy way to earn money in crypto trading , you need to have patience and have more trades to do and make it successful trade to be a millionaire in crypto. If you are holders you need to know at early a good project that can give you 1000% in return which is too riksy since you don't have any idea if the project can success in longterm. So every persons that become millionaire in cry pro taking that risk. You should also do the same if you want to be one of them.

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January 27, 2021, 04:15:24 PM
 #124

You can you make the right decision every time.
You have to understand the market properly. A well calculated decision never get wasted. But information is everything in trading. You have to gain proper knowledge about the market,about the project, about the market trend.

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January 27, 2021, 05:03:07 PM
 #125

It is very difficult to be a person on the 10% list who only relies on feeling, usually many people also see and buy according to their feelings and finally rekt
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January 27, 2021, 06:20:39 PM
 #126

It could be, you can be rich and also poor because of trading. Not a few cases of people who trade also experience losses. Remember this business has a high level of risk. Even if you don't have the knowledge I grasp you are gambling in the market. Trading is not as easy as people say. all need a process even takes time. If you have the determination and also want to study high I think everyone can get rich by trading. but still understand the point that I conveyed above
I believe that today if a person has at least minimal trading skills, as well as a small start-up capital for trading, then given the current performance of the cryptocurrency market, you can make good money even with the simplest scalping strategy. Of course, you need to spend a lot of time for this, but nevertheless, the time will pay off quite well.
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January 27, 2021, 07:27:16 PM
 #127

Binance future x100 if you want to play at the casino or you HODL, patience is a virtue, and HODL is the way   Grin

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January 27, 2021, 09:13:52 PM
 #128

If you wannabe in the top 10% who earn a lot of money through trading, follow a simple strategy and always remember that a coin will never long last when it comes to its growth so don't be a bagholder as it will make you lose much more. As you asked this question, I'd also like to tell you that many who bought under $10k have easily made over 5x in returns if they sold at the peak.

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January 27, 2021, 09:17:29 PM
 #129

It could be, you can be rich and also poor because of trading. Not a few cases of people who trade also experience losses. Remember this business has a high level of risk. Even if you don't have the knowledge I grasp you are gambling in the market. Trading is not as easy as people say. all need a process even takes time. If you have the determination and also want to study high I think everyone can get rich by trading. but still understand the point that I conveyed above
I believe that today if a person has at least minimal trading skills, as well as a small start-up capital for trading, then given the current performance of the cryptocurrency market, you can make good money even with the simplest scalping strategy. Of course, you need to spend a lot of time for this, but nevertheless, the time will pay off quite well.

Trading could really give out that kind of chance for someone whom do able to do so but everything but as mentioned where these things are really needing some sort
of knowledge that cant really be gained through a short span of time.

One of the most common reason on why we do trade is just for the sake of entering or making money or profit.This is why people do get engage with trading
but those kind of hopes will really be put up self realization that things doesn't really mean to be that way.

Don't rush up on learning something because it will be eventually showed up.

R


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January 28, 2021, 12:31:24 AM
 #130

Cryptocurrencies are a lot of comparable to bonds and stocks. That is the reason a large number of them are trading at huge discounts with a great opportunity for traders to become affluent absolute first.

No brokers are charging high fees, nor some other mediators to deal with. When you have your cryptocurrency, that's the time for you to find an exchange. Then next is having and researching for a  coin to trade.

Just to share with. I'm really into BTC. As you can trade for it in any other cryptocurrency available on the market.

Just for instance in where I am currently at - in kucoin. In there I am trading for BTC-USDT: https://trade.kucoin.com/BTC-USDT

I'm not saying you can get instant wealth, you yourself need to be persistent and knowledgeable so that everything does not end in nothing. Smiley
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January 28, 2021, 01:34:52 AM
 #131

Cryptocurrencies are a lot of comparable to bonds and stocks. That is the reason a large number of them are trading at huge discounts with a great opportunity for traders to become affluent absolute first.

No brokers are charging high fees, nor some other mediators to deal with. When you have your cryptocurrency, that's the time for you to find an exchange. Then next is having and researching for a  coin to trade.

Just to share with. I'm really into BTC. As you can trade for it in any other cryptocurrency available on the market.

Just for instance in where I am currently at - in kucoin. In there I am trading for BTC-USDT: https://trade.kucoin.com/BTC-USDT

I'm not saying you can get instant wealth, you yourself need to be persistent and knowledgeable so that everything does not end in nothing. Smiley

trading bitcoin is risky because of its high fluctuating cost, yet with the volatility, there exists a chance. As long you have some capital with you to trade you can change over it into millions
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January 28, 2021, 02:52:15 AM
 #132

I have a friend who makes pretty good money by trading, so i think everyone can become rich by trading but tbh I’m a hodler.  i trade up for profit then hold. i usually trade btc-usdt FYI

Comparing Okex BTC-USDT with Kucoin BTC-USD, it can be found that the 24 vol of the two are close. The trade count(24H) is 31,053.5 USDT and 31,561 as of this writing.
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January 28, 2021, 03:52:09 AM
 #133

I have a friend who makes pretty good money by trading, so i think everyone can become rich by trading but tbh I’m a hodler.  i trade up for profit then hold. i usually trade btc-usdt FYI

Comparing Okex BTC-USDT with Kucoin BTC-USD, it can be found that the 24 vol of the two are close. The trade count(24H) is 31,053.5 USDT and 31,561 as of this writing.
I am on agree with KuCoin in terms of trading. I also tried others but I took longer in this exchange. And now apart from BTC-USDT I am also starting to trade XRP-BTC https://trade.kucoin.com/XRP-BTC
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January 28, 2021, 04:13:06 AM
 #134

This is hard but possible to get a lot of money by trading, but for achieve a good wealth one have to learn all trading situations and learn the market mood.
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January 28, 2021, 05:03:00 AM
 #135

Today there are people encourage to invest in this trading because they know the chance of winning. This is what we called as the higher risk the higher profit the lower the risk the lower the chance to earn our double up your money immediately. These are the common mistakes of the people or the beginner in trading trade whenever their want without a plan. Trade what they can't afford. Trade all of the money they have. If you have a full of guts losing your trade is just nothing because the aim of the real trade is to focusing earning and ignoring the loss ( make sure you have risk management to prevent getting burnt).
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January 28, 2021, 06:09:39 AM
 #136

This is hard but possible to get a lot of money by trading, but for achieve a good wealth one have to learn all trading situations and learn the market mood.
You also need to get a bigger capital if you want to get rich quick but always know that you should be a good trader before putting in a lot of capital. I do agree it is hard but if you are determined to do something, you can achieve it, sure there are some that have the natural talent for it but you do not have to compare yourself to them because life is not a race does not matter when you start, what matters is that you start and finish.
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January 28, 2021, 09:40:59 AM
 #137

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
Not only greed the lack of knowledge and the idea of the market is also a reason behind it. Many people make a good entry but they do not have a great exit plan. In most cases, we saw people just watch their trade-in profit and they do not book profits. Most people do not have a good strategy too. They just saw some news and buy that token without thinking what will be the outcome of it.
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January 28, 2021, 10:00:44 AM
 #138

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
I guess about 90% of people have the same reason why they want to get involve on crypto/stocks trading, and that reason is to become rich. There are different kinds of trading in crypto and for me, if you want to get rich faster you should try Margin or Contract Trading. If you have good capital then go try Grid Trading Bot or DCA. If you're looking for an exchange that have those kinds of trading I would suggest you to check KuCoin. Exchanges like KuCoin have a great trading volume of most major coins/tokens: BTC, ETH, XRP, LTC
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January 28, 2021, 10:08:17 AM
 #139

Sometime, when I see this kind of questions. I always ask myself one thing why do we do what we do? What is the moral behind us starting it in the first place. You said and I quote "CAN I GET RICH BY TRADING". Let me answer your question first and give you my thought on this. Yes, you can make it big time on trading. But the secret to making it with Trading now depends on you. Have you done your assignment very well, to know those who have made it through Trading before? Do you have any of them that can mentor you on how you can make it and the rules and regulations. Tactics to use, when to trade, what to trade, when the signal is good, when to buy, when to sell. And what it takes to be a good trader. All of these questions you must be able to find answers to them before you set out to start trading. Else, you are ready for a doom.

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January 28, 2021, 12:30:18 PM
 #140

This is hard but possible to get a lot of money by trading, but for achieve a good wealth one have to learn all trading situations and learn the market mood.
You also need to get a bigger capital if you want to get rich quick but always know that you should be a good trader before putting in a lot of capital. I do agree it is hard but if you are determined to do something, you can achieve it, sure there are some that have the natural talent for it but you do not have to compare yourself to them because life is not a race does not matter when you start, what matters is that you start and finish.

It is true, your capital was your main concern when it comes to trading but of course before you make a precise decisionnof entering trading make sure that you have already equipped with such knowledge that may guide you through your journey in trading. It is a total kind of risk that every trader are enduring and surpassing to be able to get a profit. But despite of the risks we can't deny that the possibilities of getting rich via trading were possible.
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January 28, 2021, 01:14:10 PM
 #141

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
I'm also a trader, I want to become rich someday and trading is the possible answer. You need patient, you need to be smart, buy in low price and sell in high price that's the simple way to become rich using crypto-currency. Even it is years, bitcoin is almost popular around the world and because of this the value of bitcoin will increase and increase.

But, "don't put the eggs in one basket". It means don't put all your money in trading, make another source of income to make sure you have money to survive or money to use incase of emergency.

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January 28, 2021, 09:18:41 PM
 #142

not as easy as imagined to get rich from trading. now we have to see the real thing if to become a professional trader must be smart, and skill must be good. without it nothing will happen because trading is a mystery where price movements are unpredictable and always change in every second. so the analysis needed to get rich from trading
That is the problem, those that imagine themselves making a fortune in trading never imagine all the hard work that they will need to put into it because they think it is easy, and as we know making money in trading can be incredibly hard especially when the market moves abruptly from one direction to the other as it does not give you time to react and place orders with enough speed, so while becoming rich with trading is possible the majority of traders will not make any money in the markets.
The vast majority think only about making money, they don't care about money management and margin adjustment. The market can be fast sometimes and newbie luck can work on these times but sooner or later the luck will drain the energy of the trader and he will start to trade with logic. If the person has not related trading experience in this field, it will be his last trade on a specific market...
Which is terribly sad if you ask me, I can understand their desire to make money as everyone deep down has a desire to improve their lives, but the fact they spend no time trying to inform themselves about the dangers of the market and about to learn how not to lose money is what disappoints me the most, there are so many newbie traders that come and just after a few months lose everything making the whales even richer that I would have thought that other newbies watching on the sidelines would have realized this pattern and yet that does not seem to be the case.

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January 28, 2021, 09:20:33 PM
 #143

This is hard but possible to get a lot of money by trading, but for achieve a good wealth one have to learn all trading situations and learn the market mood.
You said it right. It is hard which is really true. There are people that have a lot of misunderstanding about trading and they think that whenever they knew someone who's a trader in real life, they think of him as a rich guy who made wealth overnight.
But with all of those rewards and profits that they've made, they don't ask how hard it is before a trader formulates and study well the behavior of the market and as well as managing his emotions as he trade.

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January 28, 2021, 10:22:38 PM
 #144

For the fact that trading platforms are easily accessible, many people troop in to loose their hard earned money in the name of making more. I highly regard the fact that there are demo accounts to nurture young traders before they go into trading proper. We are mostly too anxious to practice on the real market rather than the demo accounts. Yes one can get very rich by trading, but if not well prepared, then one can equally get very poor by trading. In my point of view, very good pieces of advice have been given by our able colleagues here, we young and new traders should always be mindful that Roam was not built in one day thus the need for us to practice well until we are fit enough to face the heart breaks and rewards of the market.

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January 28, 2021, 11:02:24 PM
 #145

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people

Thinking how to become rich in trading here on cryptocurrency is very easy, only if you are one of the wealthy person surely is an
advantage, big capital in return big profit, small capital ROI for sure of course small profit. Unless, even you are not belong to the rich people but you are knowledgeable in the actual trading, I could say there is a chance for you to become rich in the end.
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January 29, 2021, 05:51:25 AM
 #146

Today's market activity can be relatable to this thread.
GameStop on the stock side, and Dogecoin on the crypto side.
both got strong gains, like a lot of gains.
At this point, I learn that even on the stock market activity you don't need to analyze the fundamentals aspect.
Just follow the market, and always spend what you can afford to lose.
I do invest in stocks and crypto (of course), stock's people always think their self a "fundamental" people who read a stats and annual report of the company to impress their friend on social media  Grin
Now the stock market is just another close friend of the cryptocurrency market.
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January 29, 2021, 06:07:49 AM
 #147

Yes you can get rich by trading just like other ways of earning could also make you rich just don't expect that it would be easy.
Every way you want to earn could make you rich but it wouldn't happen instantly we need to work hard to achieve our goal.
The problem with most of us in crypto thinks that it is easier to get rich here compare to working or having business in real life because it is troublesome,
But honestly they are just the same we just need to find which field we are more comfortable with to work efficiently.

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January 29, 2021, 09:02:19 AM
Last edit: February 12, 2021, 02:00:36 PM by marcbitcoins
 #148

Yes, it can make you rich if you know what you are doing. If you don’t know what you are doing, you may end up very frustrated and will join the 90% of those who have tried and failed. I’ve been trading for over 3 years and based on this span I can certainly say that trading is profitable by all means. You’ll have to work your way up through your losses and trading isn’t easy, it requires plenty of patience and discipline.
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January 29, 2021, 12:06:45 PM
 #149

This is hard but possible to get a lot of money by trading, but for achieve a good wealth one have to learn all trading situations and learn the market mood.
You also need to get a bigger capital if you want to get rich quick but always know that you should be a good trader before putting in a lot of capital. I do agree it is hard but if you are determined to do something, you can achieve it, sure there are some that have the natural talent for it but you do not have to compare yourself to them because life is not a race does not matter when you start, what matters is that you start and finish.

It is true, your capital was your main concern when it comes to trading but of course before you make a precise decisionnof entering trading make sure that you have already equipped with such knowledge that may guide you through your journey in trading. It is a total kind of risk that every trader are enduring and surpassing to be able to get a profit. But despite of the risks we can't deny that the possibilities of getting rich via trading were possible.

Capital is one of your main concern, that is so true.

If you can't afford to lose your funds in trading, better make your decision. Profit is doable in this market but that does mean that losing your money is also a possibility. You can't be sure when will the pump or dump will happen that is why you really need to take the risk. I am not saying that you should not invest or trade, all I am saying is that you should be prepared.
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January 29, 2021, 12:45:56 PM
 #150

Today there are people encourage to invest in this trading because they know the chance of winning. This is what we called as the higher risk the higher profit the lower the risk the lower the chance to earn our double up your money immediately. These are the common mistakes of the people or the beginner in trading trade whenever their want without a plan. Trade what they can't afford. Trade all of the money they have. If you have a full of guts losing your trade is just nothing because the aim of the real trade is to focusing earning and ignoring the loss ( make sure you have risk management to prevent getting burnt).
No, most traders don't have the guts to lose their money that is why they keep on barking once they lose and create FUDs about crypto.
They are not wrong thinking about getting rich through trading but in such a way they need to be patient and work hard for their goal.

Ain't that hard but somehow, some traders never wanted that, they want a quick and instant return. And I don't bothered them if they lose coz they are also the reason. Months or a year in trading, we probably see the results and that helps us to assess if we are able to get rich if we continue trading.

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January 29, 2021, 06:51:28 PM
 #151

Sometime, when I see this kind of questions. I always ask myself one thing why do we do what we do? What is the moral behind us starting it in the first place. You said and I quote "CAN I GET RICH BY TRADING". Let me answer your question first and give you my thought on this. Yes, you can make it big time on trading. But the secret to making it with Trading now depends on you. Have you done your assignment very well, to know those who have made it through Trading before? Do you have any of them that can mentor you on how you can make it and the rules and regulations. Tactics to use, when to trade, what to trade, when the signal is good, when to buy, when to sell. And what it takes to be a good trader. All of these questions you must be able to find answers to them before you set out to start trading. Else, you are ready for a doom.
That is the real question to ask. Sure everyone can get rich trading but the real problem is, how hard have you worked for it?

Nothing in life that makes you rich gets to you cheaply, sure there are stories about lottery or getting lucky or people finding that one thing and putting money in and becoming super rich etc etc but the reality is that if you do not do anything about becoming better, you are waiting to get lucky and getting lucky is one in a million thing that most probably won't hit you, hell I can say "you won't get lucky" with certainty and I will write except one in a million times which is good odds to be right about. That means you need to work hard, learn how to trade, study, and practice to become a good trader, that way you could probably get richer by trading only after you have done all of that which takes a long time.
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January 29, 2021, 09:26:38 PM
 #152

Sometime, when I see this kind of questions. I always ask myself one thing why do we do what we do? What is the moral behind us starting it in the first place. You said and I quote "CAN I GET RICH BY TRADING". Let me answer your question first and give you my thought on this. Yes, you can make it big time on trading. But the secret to making it with Trading now depends on you. Have you done your assignment very well, to know those who have made it through Trading before? Do you have any of them that can mentor you on how you can make it and the rules and regulations. Tactics to use, when to trade, what to trade, when the signal is good, when to buy, when to sell. And what it takes to be a good trader. All of these questions you must be able to find answers to them before you set out to start trading. Else, you are ready for a doom.
That is the real question to ask. Sure everyone can get rich trading but the real problem is, how hard have you worked for it?

Nothing in life that makes you rich gets to you cheaply, sure there are stories about lottery or getting lucky or people finding that one thing and putting money in and becoming super rich etc etc but the reality is that if you do not do anything about becoming better, you are waiting to get lucky and getting lucky is one in a million thing that most probably won't hit you, hell I can say "you won't get lucky" with certainty and I will write except one in a million times which is good odds to be right about. That means you need to work hard, learn how to trade, study, and practice to become a good trader, that way you could probably get richer by trading only after you have done all of that which takes a long time.

People would  really be  having that  kind of mindset on where they do believe that getting rich could really be that easy but when real experience would really be  faced off then that's the time
they would  say that this isn't something attainable  if you wont  really be putting much effort unless if you do rely on luck on hitting jackpots on  lotteries then that might do
but we know the odds are close  to impossible.

Getting rich by  trading is possible  but you would need to be sustainable on  every aspect which  is the hardest challenge as a trade.This isn't something that can be attained
with few trades or very short duration of time.

Do your best to be sustainable and be  consistent and this one is already the indication that you are really doing well.

R


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January 29, 2021, 09:47:55 PM
 #153

Trading is almost like every other occupation. If you are really good in it you can get rich. Now what is most important with trading is to have strong character, have knowledge and to have clear goals what you want to do. From all people trading only around 5% are earning. Keep that in mind and good luck.
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January 29, 2021, 10:47:16 PM
 #154

Yeah, a lot of people wanted to become rich but the question is, are working it to become real? It possible that only a few of them while the majority are just setting down and keep dreaming. If people had come into trading because of wanting to become a millionaire, then they are right but they should have to know that it can't be made in just a day and also depending on how you trade.

It is very unfortunate that many traders had come into trading without knowledge, of course, they will lose instantly than becoming a millionaire.

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January 31, 2021, 09:55:05 AM
 #155

Trading is almost like every other occupation. If you are really good in it you can get rich. Now what is most important with trading is to have strong character, have knowledge and to have clear goals what you want to do. From all people trading only around 5% are earning. Keep that in mind and good luck.
Yeah, everyone is trying to "get rich" in crypto and that upsets me a bit. Trading is something you do for a very long time to get rich, it is not a get rich quick scheme, nobody offers you 10% daily profit everyday for a year here, that is not the case. If you want a ponzi scheme go look for a ponzi scheme and hope that you are one of the few rare ones that got paid from it on early investments instead of the ones who got scammed by the late ones.

Because, we are talking about crypto here and it is a legit good investment which will not make you rich over night. However if you study right, learn very well, know everything, read the charts properly, use good indicators and buy-sell at the right prices, you could make a decent return in the long run, and I mean long run, not daily every day. This doesn't mean you won't have good days, but they won't be all the time.

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January 31, 2021, 10:04:32 AM
 #156

Yeah, a lot of people wanted to become rich but the question is, are working it to become real? It possible that only a few of them while the majority are just setting down and keep dreaming. If people had come into trading because of wanting to become a millionaire, then they are right but they should have to know that it can't be made in just a day and also depending on how you trade.
I think those people that are determined enough to become millionaires know about the work to put on will not take a day, otherwise they must be delusional. Becoming rich by trading is a 50/50 depending on the person, if they are losing so much money or are they profiting a lot of money. For me, maybe I would stop at a certain point, getting too high on everything will eventually be someone's downfall and I do not want something like that to happen if I can prevent it in the first place, being content for me is the best course of action, what are you going to do with a lot of money anyways, its not like you will take them to the grave.
It is very unfortunate that many traders had come into trading without knowledge, of course, they will lose instantly than becoming a millionaire.
We can't blame these people, they had heard the hype from other amateur traders about the wonders of trading profits so they want to jump in as early as possible because they do not want to get left behind even if it means that they are going to lose a lot of money by learning to trade and trading simultaneously.

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January 31, 2021, 06:58:29 PM
 #157

Yeah, a lot of people wanted to become rich but the question is, are working it to become real? It possible that only a few of them while the majority are just setting down and keep dreaming. If people had come into trading because of wanting to become a millionaire, then they are right but they should have to know that it can't be made in just a day and also depending on how you trade.
I think those people that are determined enough to become millionaires know about the work to put on will not take a day, otherwise they must be delusional. Becoming rich by trading is a 50/50 depending on the person, if they are losing so much money or are they profiting a lot of money. For me, maybe I would stop at a certain point, getting too high on everything will eventually be someone's downfall and I do not want something like that to happen if I can prevent it in the first place, being content for me is the best course of action, what are you going to do with a lot of money anyways, its not like you will take them to the grave.
The difference compared to today versus let's say 50 years ago (and in fact true even just 20 years ago) is that people realized hard work alone will not keep you fed and sheltered and heatly.

We are not even after making billions of dollars, we want to have enough money to be sure that we will be capable of eating, have a house, and pay for any sickness we might have, these are basic human stuff that keeps you alive and that is what we are after. Do you know how many people in the world would starve to die if they couldn't earn any wage for a year?

Nearly 50% of the humanity, that is right if we as humanity stopped making any new income, only half of humanity would not die, and I am not talking about staying alive via starvation, I am talking about dead, because there would be a lot of people who would be alive but starving as well. So, basically we decided if hard work doesn't get us there, we might as well try to make money with money like rich people do, that is the biggest difference in this generation.

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January 31, 2021, 10:37:14 PM
 #158

Well, it’s good that you already understand that in order to make money in the market, someone has to lose their money, they rightly said, most of them lose their money here because they are newbies and make rash actions.

As for me, trading in the market, especially in such an unpredictable one, trading is very dangerous and extremely unstable, one day you are a millionaire, the next day you are no longer.

Therefore, this must be approached very carefully and most importantly, do not make plans for 10% per day and calculate the compound interest. Trading can take away all your profits and all your money in one moment!

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February 02, 2021, 01:21:58 AM
 #159

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people


we crypto traders belong to those 10% people that gaining income on digital currencies, but in this field  you need higher investment if you want to gain higher profit and it is very risky if you dont have any idea in trading, needs technique and skills in order for you to gain high profit and not to lose your investment. crypto traders can be millionaire just be patient and read lot of crypto news, read graphs and learn trading techniques.

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February 02, 2021, 02:46:33 PM
 #160

at least you have to really understand and have to accept the risk if something bad happens when you trade. but if you get a profit that is very, very safe for you, you can become rich. My advice is never to be greedy

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February 03, 2021, 03:17:58 AM
 #161

If you have a lot of money to start trading and you are good and knowledgeable about trading, I think that you can get rich. The funds will be the priority because if you are trading with pennies then you will need a miracle and patience for an instant wealth to happen to you.

Before I used to know better, I always say this statement that a trader needs 'capital' in order profit. But upon extensive research, I have realized that trading is definitely risky and the odds are relatively low in earning profit.

An article was published stating that 97% of the people who engage in the trading profession resulted into a loss. The remaining 3%, however, profited which amounted to a bank teller's monthly wage. Though these are considered SHORT-TERM trading, if you really want to focus into this profession then expect incurring loss in the first few attempts.

R


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February 03, 2021, 10:50:05 PM
 #162

Yes you can get rich by trading just like other ways of earning could also make you rich just don't expect that it would be easy.
Every way you want to earn could make you rich but it wouldn't happen instantly we need to work hard to achieve our goal.
The problem with most of us in crypto thinks that it is easier to get rich here compare to working or having business in real life because it is troublesome,
But honestly they are just the same we just need to find which field we are more comfortable with to work efficiently.
That is the thing, we know that becoming rich is difficult, after all if it was easy then a great deal of the people will be rich or at least be on their way to be and yet this is not true, and yet for some reason people come here thinking they are going to become rich easily and this is not the case, the days in which you could invest in bitcoin and get a lot of them for a few dollars and just wait are over, now a single bitcoin is valued above 37k and very few have the money to even buy one, so there are only two options to take a risk with altcoins, which is something I do not recommend, or just buy whatever bitcoin that you can and hold it until it can give you significant profits.

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February 04, 2021, 10:37:01 AM
 #163

If you have a lot of money to start trading and you are good and knowledgeable about trading, I think that you can get rich. The funds will be the priority because if you are trading with pennies then you will need a miracle and patience for an instant wealth to happen to you.

Before I used to know better, I always say this statement that a trader needs 'capital' in order profit. But upon extensive research, I have realized that trading is definitely risky and the odds are relatively low in earning profit.

An article was published stating that 97% of the people who engage in the trading profession resulted into a loss. The remaining 3%, however, profited which amounted to a bank teller's monthly wage. Though these are considered SHORT-TERM trading, if you really want to focus into this profession then expect incurring loss in the first few attempts.
The numbers and statistics about the failure of the crypto participants that you read are similar to what I have read, even in many articles and other papers on areas similar to trading, the failure rate is quite high while success is only a small part. All of which said that getting rich by trading is not easy, of course, the wealth from here is possible, but the question here is whether we have the talent and the courage to overcome the challenges here or will stop like the majority, being special in the crowd is just one thing a few people can do

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February 04, 2021, 10:52:48 AM
 #164

at least you have to really understand and have to accept the risk if something bad happens when you trade. but if you get a profit that is very, very safe for you, you can become rich. My advice is never to be greedy
Once you profit, that doesn't mean you can be rich that easy and quick. You need to be consistent in all of your trades but I doubt it that you can have a consecutive gains in your trades for a short period of time. The market is volatile and you can't just be perfect with your trades most of the time. Even the trading experts can agree into that if their analysis didn't go accordingly to what they're planning. But for real, it's true you can become rich on it by being consistent.

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February 04, 2021, 05:08:57 PM
 #165

I think that before thinking about getting rich, what you have to be clear about is the way you see trading, how you see market speculation? If you want to get rich, it is not bad, but the quickest way is to invest in the long term, and if you trade, you should see it as a business.

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February 04, 2021, 07:30:46 PM
 #166

the answer can be yes and no. Many people get rich by trading, but they also learn how to trade properly and properly in order to get a profit. Don't just want to be rich, but how you can learn about trading.
Conversely, many also go bankrupt with trading because they do not have the knowledge of trading and do not have bad strategies and psychology when trading. Make sure, before you want to get rich by trading you have to know the way you have to know the knowledge.
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February 04, 2021, 11:06:43 PM
 #167

Trading given lot and special thanks  to all those who strategies help me to learn and earn.
Trading isn't a get rich scheme it's not about guessing, You need to study the market data understand how the market moves, You should be able to analyze, know entry point and all that I made 30k from last month

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February 05, 2021, 04:00:07 AM
 #168

This is right time to trade a bitcoin. Frist you know the tracking. So learn the trading knowledge. Then you get more time in training. Training is not easy. Frist you know the market information. Market price is any time to up and down. So time to buy and sell the bitcoins. Bitcoin price is any time to up. So wait for the price increase. Good ideas for trad the bitcoin. Bitcoin help to future growth.

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February 05, 2021, 01:11:39 PM
 #169

It depends on skills of a trader and on deep knowledge’s about trading strategies. Only good luck can’t help hear. A lot of newbie traders in crypto usually go burst rather quickly. They bankrupt because they have no experience, panic and make wrong decisions. Not all who are in crypto become rich. A lot of traders dream just to break even.
It's also depends how to manage your earnings and the different strategies you will do in order to get what you want. Learning about trading takes a lot time. It's a process how you learn with different scenario. Time will determine when you become rich and its not possible as long as you put you plans into actions. It's also your attitude towards your goals. If you feel that you have the skills to be a trader go for it. There's a lot of helps you can get in the internet. We have already knew the crypto so we should not turn back with that.

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February 05, 2021, 04:22:47 PM
 #170

Answer is yes, I think it is conceivable to form millions with exchanging as it were on the off chance that you've got sufficient information, encounter, and very a better than average amount of capital to utilize, I figure. Be that as it may, I do not think you'll do it in one day in spite of the fact that. It appears they are onto fast benefits, I say that's the common mistake of newbie’s since there's no such thing as speedy benefits in exchanging, you got to construct a few persistence on it which is one of the essential reasons why they continuously lose.

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February 06, 2021, 07:45:17 AM
 #171

to be in the 10% is a very huge task but we have to be careful and not rush things. the problem is that people want to earn all the reward in a day or a week which has only little chance to happen. getting rich only works with planning in whatever you are doing.

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February 06, 2021, 08:30:42 AM
 #172

If you're planning to be a full-time trader my advice now is don't continue what you're planning. It's possible to get rich in trading but you really don't know how the market will move. To be able to go full time you must have a fund that is enough for a couple of months separate from your trading capital, this is to avoid going into debt if things don't go well. If you get successful in trading then you can make a living from it, just separate your net profit from your trades.
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February 06, 2021, 09:55:21 AM
 #173

If you're planning to be a full-time trader my advice now is don't continue what you're planning. It's possible to get rich in trading but you really don't know how the market will move. To be able to go full time you must have a fund that is enough for a couple of months separate from your trading capital, this is to avoid going into debt if things don't go well. If you get successful in trading then you can make a living from it, just separate your net profit from your trades.
^ It depends on their luck, I saw in the other thread that someone gained almost 100% profit in trading in just 1 month. There are some traders who are lucky enough that they gained profit in trading, good for them. However, wishing to get more profit and become rich is too much for me, which will lead to greediness which is not good. Because not all the time we can make a profit on trading, not all the time, there are some instances that we will fail or more worst get into debt if we can't control our ego and greediness.
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February 06, 2021, 01:32:04 PM
 #174

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people

Of course, you can get rich by trading crypto but 1st you must be a good friend with Elon Musk. Just share your thoughts with him tell him to post a tweet about your current crypto(whether it is BTC or some other shitcoin) and expect price skyrocketing.
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February 06, 2021, 03:38:48 PM
 #175

It will be founded on my job criteria and coincidence. Because trading is not a word of mouth that I said is performed. Many themes are wrapped here. You have to trade with everything in mind. But the big ones who are traders are undoubtedly rich. It is possible to get rich from trading but in my viewpoint, it is possible after a lot of difficult endeavors and a lot of tolerance.

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February 06, 2021, 03:51:35 PM
 #176

If you're planning to be a full-time trader my advice now is don't continue what you're planning. It's possible to get rich in trading but you really don't know how the market will move. To be able to go full time you must have a fund that is enough for a couple of months separate from your trading capital, this is to avoid going into debt if things don't go well. If you get successful in trading then you can make a living from it, just separate your net profit from your trades.

Don't stop him if he wants to become a full-time trader, he is just courageous because he wants to compete and fight this in this market, he just only needs to change his mindset from thinking he can get rich yes it is true but not that easily he will continue to lose if he will not study the market and its volatility if he keeps on being greedy and become rich as fast as he could, so better for him to know that not all his trade will have a gain not unless he studied it.
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February 06, 2021, 10:59:50 PM
 #177

If you're planning to be a full-time trader my advice now is don't continue what you're planning. It's possible to get rich in trading but you really don't know how the market will move. To be able to go full time you must have a fund that is enough for a couple of months separate from your trading capital, this is to avoid going into debt if things don't go well. If you get successful in trading then you can make a living from it, just separate your net profit from your trades.

Don't stop him if he wants to become a full-time trader, he is just courageous because he wants to compete and fight this in this market, he just only needs to change his mindset from thinking he can get rich yes it is true but not that easily he will continue to lose if he will not study the market and its volatility if he keeps on being greedy and become rich as fast as he could, so better for him to know that not all his trade will have a gain not unless he studied it.
Reaching out goals or simply becoming rich wont really be a simple path for someone to take.It would involved lots of trials and errors plus experiencing those worst of the worst
on this journey.Trading can make your rich but it would depend on how much you had put on and risk on and on how well you do make out to be ending up to be profitable.
Not all would really be succeeding into this career path and in fact lots had failed and slapped into the ground just because of hurrying too much.
Take it slow and dont rush up and study all the possible things that you can do.

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February 06, 2021, 11:34:18 PM
 #178

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people

Of course, you can get rich by trading crypto but 1st you must be a good friend with Elon Musk. Just share your thoughts with him tell him to post a tweet about your current crypto(whether it is BTC or some other shitcoin) and expect price skyrocketing.
Agreed on the statement, this is how big people has the ability to manipulate the market. Whether the market is on the downtrack or towards the peak doesn't matter. Now Elon Musk could've bought some Bitcoin and gives some tweet, following will be the massive growth. Who is the profiting person, and his wealth gets added with few more billions. Anyhow trading makes people rich out of the capital investment ability.

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February 06, 2021, 11:55:28 PM
 #179

You can get rich through trading if you study the rudiment and not just jump into it. To be a good trader takes a lot of time and dedicated effort and most often not less than 2 years. Learning trading for two months and call yourself a trader is just a mere joke

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February 07, 2021, 01:10:15 PM
 #180

Trading can give promising income but the risk of you losing all your money is also high due to the market's volatility. Even those who are experienced in trading lose thousands and even some lose millions of dollars in a snap. Discipline, risk management, technical analysis, experience, patience can help you succeed in trading, but it is easier said than done because when opportunity and greed comes sometimes your knowledge, experience, and even your quality as a good trader will not be of use.
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February 08, 2021, 02:50:37 PM
 #181

Reaching out goals or simply becoming rich wont really be a simple path for someone to take.It would involved lots of trials and errors plus experiencing those worst of the worst on this journey.Trading can make your rich but it would depend on how much you had put on and risk on and on how well you do make out to be ending up to be profitable.
Not all would really be succeeding into this career path and in fact lots had failed and slapped into the ground just because of hurrying too much.
Take it slow and dont rush up and study all the possible things that you can do.
It is definitely a patience required path, plus getting richer from nothing will take even longer, most rich people in the world right now had parents or family that was already rich, look at all the top names on forbes richest list and there is very very rare names there who came from nothing, sure they became 1000 times richer, but they weren't poor neither, they had great lives and put on top of it to become the richest people, it is still accomplishment but it wasn't from zero.

So, if you start from zero you are going to have a big hard time to get into rich levels, even middle levels will take a lot, starting with nothing and having 10 thousand dollars is a huge deal, but even if you do that you just have 10k, and reaching from there to 1 million dollars will look impossible. If you are patient and work hard and keep grinding you could do that in many years but you need to always keep working for it.
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February 08, 2021, 07:22:02 PM
 #182

the answer can be yes and no. Many people get rich by trading, but they also learn how to trade properly and properly in order to get a profit. Don't just want to be rich, but how you can learn about trading.
Conversely, many also go bankrupt with trading because they do not have the knowledge of trading and do not have bad strategies and psychology when trading. Make sure, before you want to get rich by trading you have to know the way you have to know the knowledge.
This is pretty much the truth for almost anything, people can become rich with trading but they can become poorer and the chances that you become poorer are higher than the chances you make any money, more than 90% of traders lose all their money, the rest only make a little bit of money and only a minority of less than 1% make profits big enough to become rich with trading, and yet despite those odds everyone thinks they can become rich with trading.

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February 08, 2021, 07:27:11 PM
 #183

the answer can be yes and no. Many people get rich by trading, but they also learn how to trade properly and properly in order to get a profit. Don't just want to be rich, but how you can learn about trading.
Conversely, many also go bankrupt with trading because they do not have the knowledge of trading and do not have bad strategies and psychology when trading. Make sure, before you want to get rich by trading you have to know the way you have to know the knowledge.
This is pretty much the truth for almost anything, people can become rich with trading but they can become poorer and the chances that you become poorer are higher than the chances you make any money, more than 90% of traders lose all their money, the rest only make a little bit of money and only a minority of less than 1% make profits big enough to become rich with trading, and yet despite those odds everyone thinks they can become rich with trading.

Trading is not an easy to go rich scheme, it's  a market where everyone inside are aiming to earned. You need to compete as the reality around is your winning money is someone's money. Most of the time, those who able to make money from this market firstly suffer and lose their initial investment, but because they're not giving up. They've manage to work with their knowledge and find the right strategy to work with and enhance it from time to time.

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February 08, 2021, 07:45:53 PM
 #184

Why do you think people mine and invest in cryptocurrency, why do people do business?  In  business gradual gain make rich.  so the purpose people get themselves involve in cryptocurrency is not to get poor but to get rich
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February 08, 2021, 07:50:20 PM
 #185

If you are thinking of getting rich easily, it will be a bad dream. If you want to be rich, you can do it by using your talent and working hard.

Trading is not as easy as it may seem from the outside. You need to have experience, skills and knowledge of the market to trade. If you enter the market without any preparation, the results will be dangerous. Prepare yourself in such a way that you can analyze the market properly, because you cannot trade without market analysis.

I know a person who is earning a lot of money through trading, he has worked hard when he was learning to trade. Now he is successful but he is still learning. Because trading is something where there is no end to learning.

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February 08, 2021, 10:49:06 PM
 #186

People can be rich in trading if they have a huge capital, with excellent trading skills and knowledge but there is no like this thing, it might just a dream of becoming a millionaire. But even you have the capital, of course, this will depend on how you put works on our trade.

Now, ask yourself. How confident you are to risk your money in trading? Please be reminded that this will never give you an easy job, nor to have easy money in trading, and losses will accompany you. If that you'll think it is fine, then you have to try and evaluate the result.

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February 12, 2021, 07:01:17 PM
 #187

If you are thinking of getting rich easily, it will be a bad dream. If you want to be rich, you can do it by using your talent and working hard.

Trading is not as easy as it may seem from the outside. You need to have experience, skills and knowledge of the market to trade. If you enter the market without any preparation, the results will be dangerous. Prepare yourself in such a way that you can analyze the market properly, because you cannot trade without market analysis.

I know a person who is earning a lot of money through trading, he has worked hard when he was learning to trade. Now he is successful but he is still learning. Because trading is something where there is no end to learning.
Many people see a person making a fortune in trading and they only see the tip of the iceberg, they only see this person earning money while just watching charts for some hours and they think it is an easy job to do, what they do not see are the hundreds if not thousands of hours that this person went through reading book after book about trading, testing his theories about the market, failing and losing money in the process and finally reaching a point in which he could begin make profits.

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February 12, 2021, 10:16:07 PM
 #188

Some one pleasantly cited that on the off chance that i alloted errand of to cut a tree within 3 hours i will incline toward to spend 2 hour for sharp the hatchet. Really, you'll be able play secure in exchanging, in long term exchanging by fair making an speculation and hold up to pump the coin this takes time but there's a chance that gets to be more secure than the edge exchanging in this kind of exchanging is more hazardous than the long term exchanging but the most effortless one to win instantly. Still, this requires a parcel of information with respect to with the market graph, technical indicators, slant line and more still you wish to create an venture together with your information to outlive on this kind of exchanging.

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February 12, 2021, 11:10:46 PM
 #189

Yes people can get rich in trading but not in an instant. And it also depends on how much you’ve invested and for how long too. I know someone who’ve invested his last pay at work and every time bitcoin reaches a new ATH he would announce how much he profited. But I don’t think he ever withdrew his profits and kept hodling up until now.
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February 13, 2021, 04:15:32 AM
 #190

Yes people can get rich in trading but not in an instant. And it also depends on how much you’ve invested and for how long too. I know someone who’ve invested his last pay at work and every time bitcoin reaches a new ATH he would announce how much he profited. But I don’t think he ever withdrew his profits and kept hodling up until now.

Trading and investing are different from each other. As jjdub7 posted in this thread,

You need skills to succeed in both.

Trading is more rewarding, but it's 'active'. You have to follow news, indicators, and so on daily.

On the other hand, investing is more passive after the initial due diligence where to put the money...

I think you are talking about investing and not trading. We can all get rich through trading, but it is not that easy. We can talk about how we should control our emotions, what we should do in a certain movement or anything like that but it will all still end up on how you will be managing your funds and your investments.
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February 13, 2021, 07:54:42 AM
 #191

Exchanging simply by making a venture and hold back to siphon the coin this requires some investment yet quite possibly gets more secure than the edge exchanging this sort of exchanging is less secure than the drawn out exchanging yet the least demanding one to procure right away. I introspected myself in view of the frenzy that couldn't be stifled in my brain which is unequivocally the principle issue.

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February 13, 2021, 08:00:28 AM
 #192

It really depends if you focus on trading and have some good strategies maybe you can be rich in the future. You can also use some trading algorithms like Mudrex. That could help you get more trading strategies if you want to earn more profit and be rich in the future.

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February 13, 2021, 09:04:16 AM
 #193

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people
In trading, you can earn a lot and by this money, you can be a rich person. On the other hand, you can lose your funds too due to lack of enough knowledge and strategy.

There is a huge possibility of getting rich by trading and you should have the knowledge to use in proper places and technical analysis and research based knowledge can help you a lot to gain more profit.

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February 13, 2021, 11:01:02 AM
 #194

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people

Yes, you can get rich trading cryptocurrency.  However, this is not an easy task.  

A person has imperfect thinking.  He is subject to emotion.  Also, the trader can get tired and make fatal mistakes.

The brain of primates (humans is a primate, as well as great apes) are poorly equipped to process huge amounts of information.  In the process of evolution, primates solved simpler tasks - picking a banana from a palm tree, finding a cave for shelter, etc.

Who could have guessed that their distant descendants would trade on the cryptocurrency exchange?  

Therefore, to get a profit in trading, you need iron self-discipline.

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February 13, 2021, 11:50:31 AM
 #195

In order to make a profit for a business you must know about trading it is never possible to make money without knowledge of the art of trading the amount of losses will increase here. Therefore before joining crypto and starting trading, you need to know the correct information about trading strategies and markets understand trading signals in that case you can become rich by trading but trade may not always be profitable. You have to try to rise above the risk applying your intellect you need to focus more on trade.
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February 13, 2021, 03:22:14 PM
 #196

~

Trading and investing are different from each other. As jjdub7 posted in this thread,

You need skills to succeed in both.

Trading is more rewarding, but it's 'active'. You have to follow news, indicators, and so on daily.

On the other hand, investing is more passive after the initial due diligence where to put the money...

I think you are talking about investing and not trading. We can all get rich through trading, but it is not that easy. We can talk about how we should control our emotions, what we should do in a certain movement or anything like that but it will all still end up on how you will be managing your funds and your investments.
Controlling emotions somehow applies to holding as well, since like me I usually take a peak in the price quite often like spamming F5 in the price charts since it is being updated continuously anyway.
Some people are just too emotionally driven by the price because what they invest were like all sacrifices from their assets and that's really really bad move.
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February 13, 2021, 03:52:30 PM
 #197

Yes people can get rich in trading but not in an instant. And it also depends on how much you’ve invested and for how long too. I know someone who’ve invested his last pay at work and every time bitcoin reaches a new ATH he would announce how much he profited. But I don’t think he ever withdrew his profits and kept hodling up until now.
Yes, but it is funny that most people here said NO. I knew that there were lesser amount of people who purely just keep on trading everyday all day, and more people who like to invest. I like to call myself an investor, I rarely ever buy and sell a coin at the same day, probably do that because I want to move money around, otherwise I would never do that.

I should say I usually keep the coin as much as I can, and check how it is going and unless its at the price I want and not going high, I will not sell it, I would consider selling if it reaches price I want and stops going further high. And I only buy when I have a price for it to drop and if it reaches that price I do end up buying. Plus, I do not deal with low level bad coins that are risky, I usually end up trading top 100 coins and not under, there were few times I found some of them good as well but it rarely goes out of top 100.

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February 13, 2021, 04:00:29 PM
 #198

Yes people can get rich in trading but not in an instant. And it also depends on how much you’ve invested and for how long too. I know someone who’ve invested his last pay at work and every time bitcoin reaches a new ATH he would announce how much he profited. But I don’t think he ever withdrew his profits and kept hodling up until now.
I agree, there is not instant in this crypto market the only thing that can change fast is the market price that is volatile, we all can get rich in trading a have a tons of friend who get rich because of trading they even try the $100 challenge , and I am seeing their progress, not all the day they have gain they encounter losses even they are years in trading there are some point that they are close to bankrupt because market fluctuates unexpectedly, what I am saying is you will be rich but you may experience hardship and trials in your way
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February 13, 2021, 05:54:25 PM
 #199

Yes people can get rich in trading but not in an instant. And it also depends on how much you’ve invested and for how long too. I know someone who’ve invested his last pay at work and every time bitcoin reaches a new ATH he would announce how much he profited. But I don’t think he ever withdrew his profits and kept hodling up until now.
I agree, there is not instant in this crypto market the only thing that can change fast is the market price that is volatile, we all can get rich in trading a have a tons of friend who get rich because of trading they even try the $100 challenge , and I am seeing their progress, not all the day they have gain they encounter losses even they are years in trading there are some point that they are close to bankrupt because market fluctuates unexpectedly, what I am saying is you will be rich but you may experience hardship and trials in your way
Rather, how can anyone be lucky, in 2017-2018 people thought that they were trading and making good money, but they just did it all on an uptrend in the market, when it was possible to do nothing at all and make money by simply buying coin.

Therefore, difficulties can be encountered at any moment, most likely each person will face it, because they will not face it is not real, but how a person will react to all problems can tell about his future potential.

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February 13, 2021, 06:04:02 PM
 #200

In These days all Coin are going very high. Cake token,1 inch token,uniswap token ,polkadot ,Etherium and Btc all have reached All time high. You can definitely make a huge income and become rich by trading. But you should do right strategies and tomento follow.
Trade on big coin like BNb Eth and hope you will earn big.

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February 13, 2021, 08:28:03 PM
 #201

In These days all Coin are going very high. Cake token,1 inch token,uniswap token ,polkadot ,Etherium and Btc all have reached All time high. You can definitely make a huge income and become rich by trading. But you should do right strategies and tomento follow.
Trade on big coin like BNb Eth and hope you will earn big.
I agree with you. It is easy now to be in profit but getting rich that is other thing. Things will start to go down sooner or later and decisions what you made in those time will decide will you get a change to get rich or not. And a lot of luck is needed too.
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February 14, 2021, 09:37:17 AM
 #202

As a matter of fact the there's a more chance of you losing money by trading since 80-90% of traders lose money in the long-term and many of them don't ever look back because of the back experience and that a fact that you should never forget.

My suggestion to you would be to never think of trading as a quick way of making money and instead work on your technical analysis and read one book on trading at least(Technical Analysis of the Financial Markets by John Murphy is one of the good reads), and start trading by small amount of money at first and work your way up from there, and as you gain more experience along the way start gradually increasing your capital that you put into trading, that way the you lower your chance of losing any sort of large amount of money by trading and therefore increase your odds of being successful as a trader.

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February 14, 2021, 12:35:27 PM
 #203

Yes you can be rich in trading but you need to work it hard with patience and perseverance because become rich is not instant. You can't avoid loses but you can handle it as long as you have learn trading both technical and fundamental analysis and you have a good strategies to earn more profit than loses. Also making a huge profit in trading is depends on your capital. If you only have small capital, then become rich is impossible.
In trading it can possible to get rich through having a right knowledge, patience and hard work. This is right we can earn profit and at the same lose. That’s why it is very important to learn first without it, impossible to achieve to get rich. Also, in crypto it is not instant to be millionaire you work hard for it, the huge capital the huge gains you will get.
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February 14, 2021, 12:41:34 PM
 #204

It really depends if you focus on trading and have some good strategies maybe you can be rich in the future. You can also use some trading algorithms like Mudrex. That could help you get more trading strategies if you want to earn more profit and be rich in the future.
Using trading tools can indeed provide a definite average profit or measurable loss, but I think if we want to be rich with that, it requires a lot of capital or we have to be patient to coumpundate our capital so we can get the desired profit. trading can make someone rich quickly and vice versa. this business is high risk. bullshit with people who say trading is easy
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February 14, 2021, 02:47:20 PM
 #205

Of course I think at a time like this if you have started trading a few days ago then I think you can make good money in trading at the present time because now the volume of every coin in trading has increased and every trader from every trading I think  He has been able to earn income by trading a good amount this year
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February 14, 2021, 04:14:26 PM
 #206


Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.


the DeFi boom made many people rich last year. NFT possibly could make the lucky one rich this year.
not to mention the altseason has been "started" (or maybe not yet).
according to the coinmarketcap website, many cryptocurrencies got decent gains 100-200% in 7 days.
also, airdrop really helps. for example UNI token, 1INCH token, and more.
However, I agree that the greed side of the people will be significant during this run.
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February 14, 2021, 04:17:07 PM
 #207

Yes people can get rich in trading but not in an instant. And it also depends on how much you’ve invested and for how long too. I know someone who’ve invested his last pay at work and every time bitcoin reaches a new ATH he would announce how much he profited. But I don’t think he ever withdrew his profits and kept hodling up until now.

I see mostly people lose in trading rather than winning but you can try your luck in current bull season because this is best time to get most out of trading.
The only thing is that you do not invest too much in trading. Just use portion of your money invested in altcoins and hope to get good returns.

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February 14, 2021, 08:08:11 PM
 #208

Previously, I did not believe that you can earn something in trading, now I am sure and convinced that everything is possible, with such a market as today, which shows constant growth dynamics, you can successfully trade and even get rich, only without fanaticism and with a sober mind.
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February 15, 2021, 07:31:47 PM
 #209

In my opinion you can get poor by trading without skills, i hope you understand now what's i want meaning. Trading is a way where you can make money in everyday with if you have no skills about trading then you can loss your money. Do you know by trading isn't about instant success so for that you should teach and increase knowledge for maintain loss time and consideration profits chance.
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February 16, 2021, 12:40:27 AM
 #210

Yup it may be possible but many of
 want's to be millioner in a day.
Only less than 10% of the people really makes money by trading.

Every field has it's competition but in a greed, people join crypto to make their portfolio 10x.

But in most of cases they loss their hard earned money.
So,
Only we ourselves have to decide that,
where we want to be..
In 10% people or in 90% people

Whether you are rich or not depends on your own way of trading. The short and long term is an option, and each has its advantages and disadvantages, depending on how we manage it as best as possible with perseverance and patience in managing trading, don't be driven by currency prices that continue to increase, because that's where one of them will arise. unexpected risk. Every action and decision needs to be well thought out, in accordance with the goals to be achieved later.

To be on the safe side, I recommend playing in the long run, because investing the funds you have, even though the profits you get will take a long time, at least in this way you can minimize the risk of loss. Compared to the short term, the profits you get will be faster if you profit, but if you fail and even minus, that's where you have to run the risk of losing. So pay attention and consider both the decision or the steps you will take.
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February 16, 2021, 04:54:58 PM
 #211

I've read a lot of research on this subject. So, according to all studies, 90-95-98% of traders are unprofitable in the long term. Some of those that are not unprofitable have an income that is only slightly higher than the interest on a deposit in a bank. In the long term, the percentage of truly profitable traders ranges from 1 to 5-7%. I don't think that's a lot. And those who want everything at once ... As the Russian comedian-standaper, already deceased, said, the one who wants everything at once gets nothing and gradually. Profits are definitely not the result of too much trading.
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February 16, 2021, 05:20:50 PM
 #212

As my opinion for crypto currency tradings need proper knowledge and experience about coin, market, about chart, buyselling volume and Of course you can be rich from cryptocurrency trading.  But this is true that crypto trading not for all people.     
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February 16, 2021, 05:43:29 PM
 #213

Quote
Only less than 10% of the people really makes money by trading.
You need to do more research to know that less than 10% are not the people that are making money in the trading market. Many professional are in the trading system with so much profit making in the trading system, where they also facilitator other traders to know how to achieve something tangible from their trade.

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February 16, 2021, 08:02:45 PM
 #214

Yes you can but it is hard as half of it is luck and speculation and the other half is information flowing around and how it is perceived
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February 16, 2021, 09:54:30 PM
 #215


Those who are good at leverage trading can easily make money, I'm sure they have become rich already knowing that every day they can make thousands of $ with it. But for some who are just hodlers who wait til the price hits ATH and convert to USDT, it takes them years to accumulate thousands of dollars. A market cycle they say which normally is what goes on with crypto. Can they get rich, YES of course.

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February 18, 2021, 09:03:36 AM
 #216

Of course, I think at a time like this if you have started trading a few days ago then I think you can make good money in trading at the present time because now the volume of every coin in trading has increased and every trader from every trading I think  He has been able to earn income by trading a good amount this year
Well, yes, yet relatively few will succeed. Most won't make enough. Furthermore, look at a price chart—regardless of whether it be for stock, cryptocurrency pair, or futures contract—it seems like it ought to be quite simple to bring in cash.
In addition, you should know discipline. Because in trading it requires a high measure of it than knowledge. Likewise persistence - Don't lose your patience, to bounce in for any trade.
Likewise, having a correct methodology and ability can assist you with acquiring profits. This includes making research to distinguish coins or cryptos by analyzing their trends and performance so that you can focus on it alone. Like for example, BTC or ETHor XRP.
Additionally, there's a methodology wherein you are thinking about the fast advancement of technology which you can take advantage of- for example getting into an exchange just to make your trading experience simpler.
In conclusion, markets are unstable and it can get troublesome in foreseeing what's to come. Henceforth, trade with the cash you can bear to lose. 
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February 18, 2021, 10:55:51 AM
 #217

Of course we can be rich in trade, depending on how we manage our marketing properly and how we manage our marketing, and it's no longer a public secret it will be, but if trade in the real world at this time of the pandemic, it'll obviously make our living, it'll be different when we trade in the Internet world and it might be better because buying and selling on the Internet is current and convenient and efficient because it can also be impossible to make direct contact With others and reduce exposure to the current virus. And as a trade outline it may make us rich it obviously depends on how to live it my personal advice when ok want to get rich all it takes is time and it's not as easy as turning the palms of the hands

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February 18, 2021, 11:41:26 AM
 #218

If you are good and smart with it then you will get rich with trading. Always check first the altcoin/s you are going to trade with whether it is active or not, outdated or not, and if it has a high market cap, so that you can avoid losing some funds. But it is better to have bigger funds to start trading so that you can also have bigger profits.
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February 18, 2021, 07:51:21 PM
 #219

The principle of trading is to profit from what is traded. It's just buying low and selling high. But in practice it is not as easy as we are talking about. If you have no knowledge, experience, etc. To support this activity, you will be very close to a loss. Trading is a risky activity and if you don't have the 2 main thing I mentioned above then you are only gambling on the market with the hope that the price can increase.

You and everyone else involved in trading will have the same potential for big profit, but if your goal is to get rich in trading then do it well and consistently. Everything take a process and sooner or later you will reach that goal depending on the capital you have. But you have to know that bitcoin and altcoin are not get-rich-quick scheme, you will decide for yourself how you get there.

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February 18, 2021, 07:56:55 PM
 #220

If you are good and smart with it then you will get rich with trading. Always check first the altcoin/s you are going to trade with whether it is active or not, outdated or not, and if it has a high market cap, so that you can avoid losing some funds. But it is better to have bigger funds to start trading so that you can also have bigger profits.

There are so many things that you needed to consider before achieving your goal, you can be rich indeed if you have the right knowledge, skills and determination to the extent that you are willing to take the risk.

Trading especially with crypto accompanied by big risk due to it's volatile nature, many people who thinks that this market is a easy access to become rich failed and suffered. You need to work out with your strategy and keep yourself updated if you wanted to succeed from this venue of investment.

Yes, it is very much possible to rich by by trading. But you have to professional in trading. Without proper knowledge, you can't shine in it. So at first you should learn proparly about trading.

Learn every aspects and mixed it up so you can build / create a better format to where you can follow for your trading activities, you need to set your plans it's very important.

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February 18, 2021, 08:18:20 PM
 #221

90% of the people seem to be voracious and impatient in trading. Because I myself experienced it when it was eager to get a high profit I bought coins when ath. And I lost 80% of my assets, it's very sad. I am currently returning to trading with minimal capital and properly paying attention to the trading charts. I wish I could have incurred my loss at that time.

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February 18, 2021, 09:10:37 PM
 #222

If you wish because there are many people trading in the market are not yet rich. If you have that believe that you will get rich with your trading, and follow up with it with strategies you will get rich.

As a trader who want to get rich with trading must follow this steps:
1: determination : with the planning and strategies you show on your trade will determine your achievement in future.
2: Personal Research: For you to get rich with your trade, you must learn how to carry out personal research to enable you to achieve your goals.

3: Selective: to get rich with your trade you need to know the type of trading you want to embark with for you to be able to get rich with your trading system.

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February 18, 2021, 11:25:10 PM
 #223

anyone can get rich from trading, as long as that person really has good skills and abilities. in trading capital does not determine the most important result is to take advantage of opportunities to be able to manage assets properly

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February 19, 2021, 04:12:14 AM
 #224

Yes people can get rich in trading but not in an instant. And it also depends on how much you’ve invested and for how long too. I know someone who’ve invested his last pay at work and every time bitcoin reaches a new ATH he would announce how much he profited. But I don’t think he ever withdrew his profits and kept hodling up until now.
We know it is possible that is not the problem, the problem is that people expect this to happen to them and yet make no effort to reach that goal and think they can achieve those results by just investing a few dollars in a few weeks, their issue is their expectations, becoming rich is still possible even now as long as your capital is substantial, you know the ins and outs of how to trade and you are willing to wait for years or even a whole decade to see those results, but very few people think like that which is why they end up making a lot of mistakes which reduce their wealth instead of increasing it.

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February 19, 2021, 06:17:50 AM
 #225

Of course, I think at a time like this if you have started trading a few days ago then I think you can make good money in trading at the present time because now the volume of every coin in trading has increased and every trader from every trading I think  He has been able to earn income by trading a good amount this year
Well, yes, yet relatively few will succeed. Most won't make enough. Furthermore, look at a price chart—regardless of whether it be for stock, cryptocurrency pair, or futures contract—it seems like it ought to be quite simple to bring in cash.
In addition, you should know discipline. Because in trading it requires a high measure of it than knowledge. Likewise persistence - Don't lose your patience, to bounce in for any trade.
Likewise, having a correct methodology and ability can assist you with acquiring profits. This includes making research to distinguish coins or cryptos by analyzing their trends and performance so that you can focus on it alone. Like for example, BTC or ETHor XRP.
Additionally, there's a methodology wherein you are thinking about the fast advancement of technology which you can take advantage of- for example getting into an exchange just to make your trading experience simpler.
In conclusion, markets are unstable and it can get troublesome in foreseeing what's to come. Henceforth, trade with the cash you can bear to lose. 

Some do really like to FOMO or go with the FUD which makes them to have losses.... Once they heard something they will trade hurriedly but they should remember that trading should be emotionless, you should just have emotion when price goes rocket specially with the altcoins, its hard to predict those prices actually most of it are manipulated.
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February 19, 2021, 08:25:35 AM
 #226

I recommend that you don't get your hopes up about the trading... A much better strategy is to buy and sell coins several times a year! It's much more profitable than unprofessional daytrading...

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February 19, 2021, 08:32:23 AM
 #227

I recommend that you don't get your hopes up about the trading... A much better strategy is to buy and sell coins several times a year! It's much more profitable than unprofessional daytrading...

Agree. Buying and holding cryptocurrency that has a potential of growth is much more profitable and easier than first studying how to properly do daytime trading, then feeling nervous from each price fluctuation. I'm not speaking how much time you would save simply by holding and sitting 24/7 behind screen, looking for a perfect time to buy and sell. Besides, while holding, you may do other parallel work and earn.

R


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February 19, 2021, 08:40:56 PM
 #228

You can absolutely but I do not think the best time to do trades is currently at the time of bullrun
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February 19, 2021, 09:37:01 PM
 #229

You can absolutely but I do not think the best time to do trades is currently at the time of bullrun
Yes its quite risky but there are traders who can really make profit regardless of the market status. So I think it depends on your strategy and capabiity to take advantage every situation. Thats why you need to be knowledgeable in this field to be aware on what coins are best to trade.

If you dont have what it takes to be a day trader, much better to be a long term hodler, less stress but it needs a lot of patience.

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February 19, 2021, 10:46:26 PM
 #230

Let me tell you this now, you will not only be rich but you can also make it big time. This is one of the best few ways you can make it in crypto. There are lot of articles that has been written on how someone can make it big time tradin- g crypto. The logic behind is very simple and at the same time very complex. You buy low and sell high. Sometimes, you sell higher. The question here is how do you know when to buy? When to sell? And when I o hodl. You need to get now all these. What are the coins to trade. Any coin tat has future.

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February 20, 2021, 09:46:29 PM
 #231

Yup of course. That's why a lot of people do it. But note in mind that there is still a risk and a chance for you to be broke as well.

Remember that in every investment, risk is INVITABLE. What you can do is to manage the risk. You have to do a lot of research and consider different studies to make your trades more beneficial. And most importantly for me, is you have fun while doing your studies along with your trading. You can only be good at it if you are enjoying doing it.

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February 23, 2021, 07:39:14 PM
 #232

I see all this "to the moon" stuff and start dreaming
but am sure it's not that easy
And you are right it is not that easy, people have warped expectations out of trading, while people get overexcited when a bull market comes the truth is that you can know who is a good trader when the market is not moving at all or when it is crashing because those traders can still extract profits from those market conditions while the rest needs the price to skyrocket to make profits, so as long as you are a competent trader over the years you could become rich but it is a process and not something that will happen overnight.

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February 28, 2021, 11:26:16 AM
 #233

With a certain amount of knowledge and experience, as well as the ability to conduct technical and fundamental analysis, a trader has the opportunity to get a sufficient good profit. In addition, when using margin trading, many traders receive a constant income. But given the current performance of the cryptocurrency market, it is much safer to make money on investments alone.
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February 28, 2021, 12:12:32 PM
 #234

I would say no. You might get great amounts if you are skilled and knowledgeable enough in trading. Although there is a great possibility that you can make a living as a day trader, but you won’t get rich. The best way to be “rich” is through buying and HODLing them long-term until the time when that certain coin “shoots up to the moon” like BTC does.

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March 01, 2021, 04:47:14 PM
 #235

Yes you can
But you Have to take right anf well calculated decision every time.
You can't be rich by investing with your emotions rather you should invest with your knowledge and well calculated decisions.
But eventing depends on luck. So keep faith in Almighty allah and go forward

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March 01, 2021, 05:18:19 PM
 #236

It is not impossible to get rich by trading. But it does not hesitate to make you very poor also. You have to learn to trade well to be rich. It is better not to come here if you do not have the necessary knowledge and experience on trading.
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March 01, 2021, 05:53:23 PM
 #237

Leonardo da Vinci said the following about this: anyone who wants to get rich within 24 hours will be hanged within a year. There is another adage: greed leads to poverty. Yes, everyone wants to get rich quick. But it all depends on what risks you take. If you take on increased risks in your desire to get rich, then these risks will sooner or later nullify your deposit. You can focus on a small number of high-quality projects and reduce the trading volume, and this may be sufficient for the growth of the deposit.
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