Can I get rich by trading

[makishart]

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.

[1714727679]

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[1714727679]

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[Question123]

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.

[kram31]

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.

[Rexler]

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.

[Inspiron14]

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.

[Astvile]

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.

[Janation]

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.

[arifteguhr]

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

[Yamifoud]

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.

[doomloop]

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.

[k@suy]

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.

[South Park]

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.

[seleme]

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...

[lixer]

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.

[perla]

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.

[josgandosbro]

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.

[TinaK]

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.

[Fivestar4everMVP]

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.

[goldade]

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.

[Ayiranorea]

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.