Can I get rich by trading

[Traderbtcc]

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.

[AicecreaME]

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.

[CryptocurencyKing]

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.

[Issa56]

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.

[jostorres]

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

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.

[ivankoh]

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.

[AakZaki]

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.

[koang]

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.

[Joyawan13]

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

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.

[dotcoin.info]

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.

[jubalix]

no.

because there is no way to trade successfully.

[Hippocrypto]

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.

[Kong Hey Pakboy]

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.

[Shasha80]

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.

[fullhdpixel]

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.

[fauzan123]

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.

[Alexmagn84]

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.

[Benefactor]

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.

[Hobo66]

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.

[isaac_clarke22]

~~~~~~~

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.