Can I get rich by trading

[Swopon]

You can actually earn and become rich in trading if you think you can go with your knowledge into different parts in trading. Actually, you can play safe in trading, in long term trading by just making an investment and wait to pump the coin this takes time but there is a chance that becomes safer than the margin trading in this kind of trading is riskier than the long term trading but the easiest one to earn immediately. Still, this requires a lot of knowledge regarding with the market graph, technical indicators, trend line and more still you need to make an investment with your knowledge to survive on this kind of trading. So what you will prefer on this both trading investment? it depends what suitable for you if want to monitor the market always go for the margin trading, if you want just to invest and brings back when the market price is high go for long term.

Some good points already pointed out. A trader who wants to become rich by doing trade then must follow those tips. Otherwise, it won't work a lot or long time. In trading, anything can possible, you can be a rich person or you will lose your funds, both are possible and happening everytime. So, you must maintain those if you become a rich person by trading.

[Emitdama]

I would say having this sort of trading experience would be great for long term as well. I understand that trading is a short term thing, I understand that day trading for example is literally "day" trading but if you learn these skills, you could make it into a business. Sure there will be days where you will lose, but there will be days when you win as well, which is why I think it is quite clear that we should not focus on the moments when we lose, but focus on overall and how we are doing.

If you are a good trader, and make a decent return every single day, even having 1% profit per day "average" (you can't make profit everyday, but some days will be higher) you will be capable of making a huge return every year. That is why those short term gains combined together for the course of many years would mean a lot of profit in the long term as well.

[Kupid002]

There is no rush things in becoming millionaire because there is a lot of time and hardwork that you need to do to reach that status in life it's needed to have process there is not need to be rush. I don't think so that only 10 percent of the trader earn in the trading because base on what I see many people are going to earn money because of the trading.

Its true there is no easy way to earn money in crypto trading , you need to have patience and have more trades to do and make it successful trade to be a millionaire in crypto. If you are holders you need to know at early a good project that can give you 1000% in return which is too riksy since you don't have any idea if the project can success in longterm. So every persons that become millionaire in cry pro taking that risk. You should also do the same if you want to be one of them.

[fahmimajannat]

You can you make the right decision every time.
You have to understand the market properly. A well calculated decision never get wasted. But information is everything in trading. You have to gain proper knowledge about the market,about the project, about the market trend.

[monatana]

It is very difficult to be a person on the 10% list who only relies on feeling, usually many people also see and buy according to their feelings and finally rekt

[wxxyrqa]

It could be, you can be rich and also poor because of trading. Not a few cases of people who trade also experience losses. Remember this business has a high level of risk. Even if you don't have the knowledge I grasp you are gambling in the market. Trading is not as easy as people say. all need a process even takes time. If you have the determination and also want to study high I think everyone can get rich by trading. but still understand the point that I conveyed above

I believe that today if a person has at least minimal trading skills, as well as a small start-up capital for trading, then given the current performance of the cryptocurrency market, you can make good money even with the simplest scalping strategy. Of course, you need to spend a lot of time for this, but nevertheless, the time will pay off quite well.

[MrCryptHodl]

Binance future x100 if you want to play at the casino or you HODL, patience is a virtue, and HODL is the way  

[Stedsm]

If you wannabe in the top 10% who earn a lot of money through trading, follow a simple strategy and always remember that a coin will never long last when it comes to its growth so don't be a bagholder as it will make you lose much more. As you asked this question, I'd also like to tell you that many who bought under $10k have easily made over 5x in returns if they sold at the peak.

[Lanatsa]

It could be, you can be rich and also poor because of trading. Not a few cases of people who trade also experience losses. Remember this business has a high level of risk. Even if you don't have the knowledge I grasp you are gambling in the market. Trading is not as easy as people say. all need a process even takes time. If you have the determination and also want to study high I think everyone can get rich by trading. but still understand the point that I conveyed above

I believe that today if a person has at least minimal trading skills, as well as a small start-up capital for trading, then given the current performance of the cryptocurrency market, you can make good money even with the simplest scalping strategy. Of course, you need to spend a lot of time for this, but nevertheless, the time will pay off quite well.

Trading could really give out that kind of chance for someone whom do able to do so but everything but as mentioned where these things are really needing some sort
of knowledge that cant really be gained through a short span of time.

One of the most common reason on why we do trade is just for the sake of entering or making money or profit.This is why people do get engage with trading
but those kind of hopes will really be put up self realization that things doesn't really mean to be that way.

Don't rush up on learning something because it will be eventually showed up.

[Nice-Block]

Cryptocurrencies are a lot of comparable to bonds and stocks. That is the reason a large number of them are trading at huge discounts with a great opportunity for traders to become affluent absolute first.

No brokers are charging high fees, nor some other mediators to deal with. When you have your cryptocurrency, that's the time for you to find an exchange. Then next is having and researching for a  coin to trade.

Just to share with. I'm really into BTC. As you can trade for it in any other cryptocurrency available on the market.

Just for instance in where I am currently at - in kucoin. In there I am trading for BTC-USDT: https://trade.kucoin.com/BTC-USDT

I'm not saying you can get instant wealth, you yourself need to be persistent and knowledgeable so that everything does not end in nothing.

[EvAng3l1on]

Cryptocurrencies are a lot of comparable to bonds and stocks. That is the reason a large number of them are trading at huge discounts with a great opportunity for traders to become affluent absolute first.

No brokers are charging high fees, nor some other mediators to deal with. When you have your cryptocurrency, that's the time for you to find an exchange. Then next is having and researching for a  coin to trade.

Just to share with. I'm really into BTC. As you can trade for it in any other cryptocurrency available on the market.

Just for instance in where I am currently at - in kucoin. In there I am trading for BTC-USDT: https://trade.kucoin.com/BTC-USDT

I'm not saying you can get instant wealth, you yourself need to be persistent and knowledgeable so that everything does not end in nothing.

trading bitcoin is risky because of its high fluctuating cost, yet with the volatility, there exists a chance. As long you have some capital with you to trade you can change over it into millions

[gideonpadang]

I have a friend who makes pretty good money by trading, so i think everyone can become rich by trading but tbh I’m a hodler.  i trade up for profit then hold. i usually trade btc-usdt FYI

Comparing Okex BTC-USDT with Kucoin BTC-USD, it can be found that the 24 vol of the two are close. The trade count(24H) is 31,053.5 USDT and 31,561 as of this writing.

[Waltmart]

I have a friend who makes pretty good money by trading, so i think everyone can become rich by trading but tbh I’m a hodler.  i trade up for profit then hold. i usually trade btc-usdt FYI

Comparing Okex BTC-USDT with Kucoin BTC-USD, it can be found that the 24 vol of the two are close. The trade count(24H) is 31,053.5 USDT and 31,561 as of this writing.

I am on agree with KuCoin in terms of trading. I also tried others but I took longer in this exchange. And now apart from BTC-USDT I am also starting to trade XRP-BTC https://trade.kucoin.com/XRP-BTC

[Gaurav536]

This is hard but possible to get a lot of money by trading, but for achieve a good wealth one have to learn all trading situations and learn the market mood.

[Serious475]

Today there are people encourage to invest in this trading because they know the chance of winning. This is what we called as the higher risk the higher profit the lower the risk the lower the chance to earn our double up your money immediately. These are the common mistakes of the people or the beginner in trading trade whenever their want without a plan. Trade what they can't afford. Trade all of the money they have. If you have a full of guts losing your trade is just nothing because the aim of the real trade is to focusing earning and ignoring the loss ( make sure you have risk management to prevent getting burnt).

[Obito]

This is hard but possible to get a lot of money by trading, but for achieve a good wealth one have to learn all trading situations and learn the market mood.

You also need to get a bigger capital if you want to get rich quick but always know that you should be a good trader before putting in a lot of capital. I do agree it is hard but if you are determined to do something, you can achieve it, sure there are some that have the natural talent for it but you do not have to compare yourself to them because life is not a race does not matter when you start, what matters is that you start and finish.

[laredo7mm]

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

Not only greed the lack of knowledge and the idea of the market is also a reason behind it. Many people make a good entry but they do not have a great exit plan. In most cases, we saw people just watch their trade-in profit and they do not book profits. Most people do not have a good strategy too. They just saw some news and buy that token without thinking what will be the outcome of it.

[brandtalex]

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 guess about 90% of people have the same reason why they want to get involve on crypto/stocks trading, and that reason is to become rich. There are different kinds of trading in crypto and for me, if you want to get rich faster you should try Margin or Contract Trading. If you have good capital then go try Grid Trading Bot or DCA. If you're looking for an exchange that have those kinds of trading I would suggest you to check KuCoin. Exchanges like KuCoin have a great trading volume of most major coins/tokens: BTC, ETH, XRP, LTC

[konflikkastil]

Sometime, when I see this kind of questions. I always ask myself one thing why do we do what we do? What is the moral behind us starting it in the first place. You said and I quote "CAN I GET RICH BY TRADING". Let me answer your question first and give you my thought on this. Yes, you can make it big time on trading. But the secret to making it with Trading now depends on you. Have you done your assignment very well, to know those who have made it through Trading before? Do you have any of them that can mentor you on how you can make it and the rules and regulations. Tactics to use, when to trade, what to trade, when the signal is good, when to buy, when to sell. And what it takes to be a good trader. All of these questions you must be able to find answers to them before you set out to start trading. Else, you are ready for a doom.

[k@suy]

This is hard but possible to get a lot of money by trading, but for achieve a good wealth one have to learn all trading situations and learn the market mood.

You also need to get a bigger capital if you want to get rich quick but always know that you should be a good trader before putting in a lot of capital. I do agree it is hard but if you are determined to do something, you can achieve it, sure there are some that have the natural talent for it but you do not have to compare yourself to them because life is not a race does not matter when you start, what matters is that you start and finish.

It is true, your capital was your main concern when it comes to trading but of course before you make a precise decisionnof entering trading make sure that you have already equipped with such knowledge that may guide you through your journey in trading. It is a total kind of risk that every trader are enduring and surpassing to be able to get a profit. But despite of the risks we can't deny that the possibilities of getting rich via trading were possible.