Can I get rich by trading

[JooBra]

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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[XZERO1]

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.

[Inkdatar]

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.

[avarnet]

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

[Atek33]

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

[TedMosby]

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.

[noormcs5]

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.

[Evgenklm]

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.

[Jocuserious]

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.

[Sinjokubhi]

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.

[Julien_Olynpic]

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.

[Betaj00]

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.     

[Sebas.tian]

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.

[gazilla]

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

[enhu]

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.

[tastycereal]

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. 

[MUHAMMAD NUR AMANAH]

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

[sniveel]

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.

[skarais]

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.

[Fredomago]

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.