Can I get rich by trading

[passwordnow]

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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[DarkDays]

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 

[gabbie2010]

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.

[error08]

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.

[Kelvinid]

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.

[Twinkledoe]

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.

[maxreish]

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.

[Kittygalore]

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.

[dimonstration]

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.

[passwordnow]

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.

[chikading2016]

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.

[YOSHIE]

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.

[MCobian]

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.

[Kocret02]

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

[hv_]

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

[Silberman]

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.

[coindefi]

Chances are, yes. Everyone can get rich in trading but the catch is, you need to be knowledgeable and be aware of risks involve. 

[ampere]

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 %

[ReiMomo]

Chances are, yes. Everyone can get rich in trading but the catch is, you need to be knowledgeable and be aware of risks involve. 

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.

[dunfida]

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.