Can I get rich by trading

[samputin]

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'm also a trader, I want to become rich someday and trading is the possible answer. You need patient, you need to be smart, buy in low price and sell in high price that's the simple way to become rich using crypto-currency. Even it is years, bitcoin is almost popular around the world and because of this the value of bitcoin will increase and increase.

But, "don't put the eggs in one basket". It means don't put all your money in trading, make another source of income to make sure you have money to survive or money to use incase of emergency.

[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.

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...

Which is terribly sad if you ask me, I can understand their desire to make money as everyone deep down has a desire to improve their lives, but the fact they spend no time trying to inform themselves about the dangers of the market and about to learn how not to lose money is what disappoints me the most, there are so many newbie traders that come and just after a few months lose everything making the whales even richer that I would have thought that other newbies watching on the sidelines would have realized this pattern and yet that does not seem to be the case.

[passwordnow]

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 said it right. It is hard which is really true. There are people that have a lot of misunderstanding about trading and they think that whenever they knew someone who's a trader in real life, they think of him as a rich guy who made wealth overnight.
But with all of those rewards and profits that they've made, they don't ask how hard it is before a trader formulates and study well the behavior of the market and as well as managing his emotions as he trade.

[sammyp]

For the fact that trading platforms are easily accessible, many people troop in to loose their hard earned money in the name of making more. I highly regard the fact that there are demo accounts to nurture young traders before they go into trading proper. We are mostly too anxious to practice on the real market rather than the demo accounts. Yes one can get very rich by trading, but if not well prepared, then one can equally get very poor by trading. In my point of view, very good pieces of advice have been given by our able colleagues here, we young and new traders should always be mindful that Roam was not built in one day thus the need for us to practice well until we are fit enough to face the heart breaks and rewards of the market.

[santiPOGI]

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

Thinking how to become rich in trading here on cryptocurrency is very easy, only if you are one of the wealthy person surely is an
advantage, big capital in return big profit, small capital ROI for sure of course small profit. Unless, even you are not belong to the rich people but you are knowledgeable in the actual trading, I could say there is a chance for you to become rich in the end.

[TedMosby]

Today's market activity can be relatable to this thread.
GameStop on the stock side, and Dogecoin on the crypto side.
both got strong gains, like a lot of gains.
At this point, I learn that even on the stock market activity you don't need to analyze the fundamentals aspect.
Just follow the market, and always spend what you can afford to lose.
I do invest in stocks and crypto (of course), stock's people always think their self a "fundamental" people who read a stats and annual report of the company to impress their friend on social media 
Now the stock market is just another close friend of the cryptocurrency market.

[acener]

Yes you can get rich by trading just like other ways of earning could also make you rich just don't expect that it would be easy.
Every way you want to earn could make you rich but it wouldn't happen instantly we need to work hard to achieve our goal.
The problem with most of us in crypto thinks that it is easier to get rich here compare to working or having business in real life because it is troublesome,
But honestly they are just the same we just need to find which field we are more comfortable with to work efficiently.

[marcbitcoins]

Yes, it can make you rich if you know what you are doing. If you don’t know what you are doing, you may end up very frustrated and will join the 90% of those who have tried and failed. I’ve been trading for over 3 years and based on this span I can certainly say that trading is profitable by all means. You’ll have to work your way up through your losses and trading isn’t easy, it requires plenty of patience and discipline.

[Janation]

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.

Capital is one of your main concern, that is so true.

If you can't afford to lose your funds in trading, better make your decision. Profit is doable in this market but that does mean that losing your money is also a possibility. You can't be sure when will the pump or dump will happen that is why you really need to take the risk. I am not saying that you should not invest or trade, all I am saying is that you should be prepared.

[Viscore]

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).

No, most traders don't have the guts to lose their money that is why they keep on barking once they lose and create FUDs about crypto.
They are not wrong thinking about getting rich through trading but in such a way they need to be patient and work hard for their goal.

Ain't that hard but somehow, some traders never wanted that, they want a quick and instant return. And I don't bothered them if they lose coz they are also the reason. Months or a year in trading, we probably see the results and that helps us to assess if we are able to get rich if we continue trading.

[tbterryboy]

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.

That is the real question to ask. Sure everyone can get rich trading but the real problem is, how hard have you worked for it?

Nothing in life that makes you rich gets to you cheaply, sure there are stories about lottery or getting lucky or people finding that one thing and putting money in and becoming super rich etc etc but the reality is that if you do not do anything about becoming better, you are waiting to get lucky and getting lucky is one in a million thing that most probably won't hit you, hell I can say "you won't get lucky" with certainty and I will write except one in a million times which is good odds to be right about. That means you need to work hard, learn how to trade, study, and practice to become a good trader, that way you could probably get richer by trading only after you have done all of that which takes a long time.

[Lanatsa]

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.

That is the real question to ask. Sure everyone can get rich trading but the real problem is, how hard have you worked for it?

Nothing in life that makes you rich gets to you cheaply, sure there are stories about lottery or getting lucky or people finding that one thing and putting money in and becoming super rich etc etc but the reality is that if you do not do anything about becoming better, you are waiting to get lucky and getting lucky is one in a million thing that most probably won't hit you, hell I can say "you won't get lucky" with certainty and I will write except one in a million times which is good odds to be right about. That means you need to work hard, learn how to trade, study, and practice to become a good trader, that way you could probably get richer by trading only after you have done all of that which takes a long time.

People would  really be  having that  kind of mindset on where they do believe that getting rich could really be that easy but when real experience would really be  faced off then that's the time
they would  say that this isn't something attainable  if you wont  really be putting much effort unless if you do rely on luck on hitting jackpots on  lotteries then that might do
but we know the odds are close  to impossible.

Getting rich by  trading is possible  but you would need to be sustainable on  every aspect which  is the hardest challenge as a trade.This isn't something that can be attained
with few trades or very short duration of time.

Do your best to be sustainable and be  consistent and this one is already the indication that you are really doing well.

[JooBra]

Trading is almost like every other occupation. If you are really good in it you can get rich. Now what is most important with trading is to have strong character, have knowledge and to have clear goals what you want to do. From all people trading only around 5% are earning. Keep that in mind and good luck.

[Distinctin]

Yeah, a lot of people wanted to become rich but the question is, are working it to become real? It possible that only a few of them while the majority are just setting down and keep dreaming. If people had come into trading because of wanting to become a millionaire, then they are right but they should have to know that it can't be made in just a day and also depending on how you trade.

It is very unfortunate that many traders had come into trading without knowledge, of course, they will lose instantly than becoming a millionaire.

[lixer]

Trading is almost like every other occupation. If you are really good in it you can get rich. Now what is most important with trading is to have strong character, have knowledge and to have clear goals what you want to do. From all people trading only around 5% are earning. Keep that in mind and good luck.

Yeah, everyone is trying to "get rich" in crypto and that upsets me a bit. Trading is something you do for a very long time to get rich, it is not a get rich quick scheme, nobody offers you 10% daily profit everyday for a year here, that is not the case. If you want a ponzi scheme go look for a ponzi scheme and hope that you are one of the few rare ones that got paid from it on early investments instead of the ones who got scammed by the late ones.

Because, we are talking about crypto here and it is a legit good investment which will not make you rich over night. However if you study right, learn very well, know everything, read the charts properly, use good indicators and buy-sell at the right prices, you could make a decent return in the long run, and I mean long run, not daily every day. This doesn't mean you won't have good days, but they won't be all the time.

[zanezane]

Yeah, a lot of people wanted to become rich but the question is, are working it to become real? It possible that only a few of them while the majority are just setting down and keep dreaming. If people had come into trading because of wanting to become a millionaire, then they are right but they should have to know that it can't be made in just a day and also depending on how you trade.

I think those people that are determined enough to become millionaires know about the work to put on will not take a day, otherwise they must be delusional. Becoming rich by trading is a 50/50 depending on the person, if they are losing so much money or are they profiting a lot of money. For me, maybe I would stop at a certain point, getting too high on everything will eventually be someone's downfall and I do not want something like that to happen if I can prevent it in the first place, being content for me is the best course of action, what are you going to do with a lot of money anyways, its not like you will take them to the grave.

It is very unfortunate that many traders had come into trading without knowledge, of course, they will lose instantly than becoming a millionaire.

We can't blame these people, they had heard the hype from other amateur traders about the wonders of trading profits so they want to jump in as early as possible because they do not want to get left behind even if it means that they are going to lose a lot of money by learning to trade and trading simultaneously.

[doomloop]

Yeah, a lot of people wanted to become rich but the question is, are working it to become real? It possible that only a few of them while the majority are just setting down and keep dreaming. If people had come into trading because of wanting to become a millionaire, then they are right but they should have to know that it can't be made in just a day and also depending on how you trade.

I think those people that are determined enough to become millionaires know about the work to put on will not take a day, otherwise they must be delusional. Becoming rich by trading is a 50/50 depending on the person, if they are losing so much money or are they profiting a lot of money. For me, maybe I would stop at a certain point, getting too high on everything will eventually be someone's downfall and I do not want something like that to happen if I can prevent it in the first place, being content for me is the best course of action, what are you going to do with a lot of money anyways, its not like you will take them to the grave.

The difference compared to today versus let's say 50 years ago (and in fact true even just 20 years ago) is that people realized hard work alone will not keep you fed and sheltered and heatly.

We are not even after making billions of dollars, we want to have enough money to be sure that we will be capable of eating, have a house, and pay for any sickness we might have, these are basic human stuff that keeps you alive and that is what we are after. Do you know how many people in the world would starve to die if they couldn't earn any wage for a year?

Nearly 50% of the humanity, that is right if we as humanity stopped making any new income, only half of humanity would not die, and I am not talking about staying alive via starvation, I am talking about dead, because there would be a lot of people who would be alive but starving as well. So, basically we decided if hard work doesn't get us there, we might as well try to make money with money like rich people do, that is the biggest difference in this generation.

[sunny28]

Well, it’s good that you already understand that in order to make money in the market, someone has to lose their money, they rightly said, most of them lose their money here because they are newbies and make rash actions.

As for me, trading in the market, especially in such an unpredictable one, trading is very dangerous and extremely unstable, one day you are a millionaire, the next day you are no longer.

Therefore, this must be approached very carefully and most importantly, do not make plans for 10% per day and calculate the compound interest. Trading can take away all your profits and all your money in one moment!

[cyriljundos]

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

we crypto traders belong to those 10% people that gaining income on digital currencies, but in this field  you need higher investment if you want to gain higher profit and it is very risky if you dont have any idea in trading, needs technique and skills in order for you to gain high profit and not to lose your investment. crypto traders can be millionaire just be patient and read lot of crypto news, read graphs and learn trading techniques.

[ichsan ardi]

at least you have to really understand and have to accept the risk if something bad happens when you trade. but if you get a profit that is very, very safe for you, you can become rich. My advice is never to be greedy