Can I get rich by trading

[traderethereum]

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.

[RealMalatesta]

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.

[Janation]

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.

[nelson4lov]

(...)

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.

[New.in.trading]

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.

[rig4hodlers]

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
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.

[DarkDays]

Could you get rich in trading 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!!!

[posi]

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

[Kitaiev]

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.

[ice18]

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.   

[fahmimajannat]

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.

[Cling18]

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.

[Oceat]

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.

[SaveOurSea]

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!

[teosanru]

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.

[Quidat]

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.

[Renampun]

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

[traderethereum]

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.

[SafeSwap]

you can get rich by Hodling the right assets.

[adzino]

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.