Can I get rich by trading

[qwertyup23]

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 an instant wealth to happen to you.

Before I used to know better, I always say this statement that a trader needs 'capital' in order profit. But upon extensive research, I have realized that trading is definitely risky and the odds are relatively low in earning profit.

An article was published stating that 97% of the people who engage in the trading profession resulted into a loss. The remaining 3%, however, profited which amounted to a bank teller's monthly wage. Though these are considered SHORT-TERM trading, if you really want to focus into this profession then expect incurring loss in the first few attempts.

[South Park]

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.

That is the thing, we know that becoming rich is difficult, after all if it was easy then a great deal of the people will be rich or at least be on their way to be and yet this is not true, and yet for some reason people come here thinking they are going to become rich easily and this is not the case, the days in which you could invest in bitcoin and get a lot of them for a few dollars and just wait are over, now a single bitcoin is valued above 37k and very few have the money to even buy one, so there are only two options to take a risk with altcoins, which is something I do not recommend, or just buy whatever bitcoin that you can and hold it until it can give you significant profits.

[geegaw]

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 an instant wealth to happen to you.

Before I used to know better, I always say this statement that a trader needs 'capital' in order profit. But upon extensive research, I have realized that trading is definitely risky and the odds are relatively low in earning profit.

An article was published stating that 97% of the people who engage in the trading profession resulted into a loss. The remaining 3%, however, profited which amounted to a bank teller's monthly wage. Though these are considered SHORT-TERM trading, if you really want to focus into this profession then expect incurring loss in the first few attempts.

The numbers and statistics about the failure of the crypto participants that you read are similar to what I have read, even in many articles and other papers on areas similar to trading, the failure rate is quite high while success is only a small part. All of which said that getting rich by trading is not easy, of course, the wealth from here is possible, but the question here is whether we have the talent and the courage to overcome the challenges here or will stop like the majority, being special in the crowd is just one thing a few people can do

[passwordnow]

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

Once you profit, that doesn't mean you can be rich that easy and quick. You need to be consistent in all of your trades but I doubt it that you can have a consecutive gains in your trades for a short period of time. The market is volatile and you can't just be perfect with your trades most of the time. Even the trading experts can agree into that if their analysis didn't go accordingly to what they're planning. But for real, it's true you can become rich on it by being consistent.

[LUCKMCFLY]

I think that before thinking about getting rich, what you have to be clear about is the way you see trading, how you see market speculation? If you want to get rich, it is not bad, but the quickest way is to invest in the long term, and if you trade, you should see it as a business.

[AakZaki]

the answer can be yes and no. Many people get rich by trading, but they also learn how to trade properly and properly in order to get a profit. Don't just want to be rich, but how you can learn about trading.
Conversely, many also go bankrupt with trading because they do not have the knowledge of trading and do not have bad strategies and psychology when trading. Make sure, before you want to get rich by trading you have to know the way you have to know the knowledge.

[Hobo66]

Trading given lot and special thanks  to all those who strategies help me to learn and earn.
Trading isn't a get rich scheme it's not about guessing, You need to study the market data understand how the market moves, You should be able to analyze, know entry point and all that I made 30k from last month

[josgandosbro]

This is right time to trade a bitcoin. Frist you know the tracking. So learn the trading knowledge. Then you get more time in training. Training is not easy. Frist you know the market information. Market price is any time to up and down. So time to buy and sell the bitcoins. Bitcoin price is any time to up. So wait for the price increase. Good ideas for trad the bitcoin. Bitcoin help to future growth.

[SacriFries11]

It depends on skills of a trader and on deep knowledge’s about trading strategies. Only good luck can’t help hear. A lot of newbie traders in crypto usually go burst rather quickly. They bankrupt because they have no experience, panic and make wrong decisions. Not all who are in crypto become rich. A lot of traders dream just to break even.

It's also depends how to manage your earnings and the different strategies you will do in order to get what you want. Learning about trading takes a lot time. It's a process how you learn with different scenario. Time will determine when you become rich and its not possible as long as you put you plans into actions. It's also your attitude towards your goals. If you feel that you have the skills to be a trader go for it. There's a lot of helps you can get in the internet. We have already knew the crypto so we should not turn back with that.

[Wipeout2097]

Answer is yes, I think it is conceivable to form millions with exchanging as it were on the off chance that you've got sufficient information, encounter, and very a better than average amount of capital to utilize, I figure. Be that as it may, I do not think you'll do it in one day in spite of the fact that. It appears they are onto fast benefits, I say that's the common mistake of newbie’s since there's no such thing as speedy benefits in exchanging, you got to construct a few persistence on it which is one of the essential reasons why they continuously lose.

[Maackayon1]

to be in the 10% is a very huge task but we have to be careful and not rush things. the problem is that people want to earn all the reward in a day or a week which has only little chance to happen. getting rich only works with planning in whatever you are doing.

[xSkylarx]

If you're planning to be a full-time trader my advice now is don't continue what you're planning. It's possible to get rich in trading but you really don't know how the market will move. To be able to go full time you must have a fund that is enough for a couple of months separate from your trading capital, this is to avoid going into debt if things don't go well. If you get successful in trading then you can make a living from it, just separate your net profit from your trades.

[DoublerHunter]

If you're planning to be a full-time trader my advice now is don't continue what you're planning. It's possible to get rich in trading but you really don't know how the market will move. To be able to go full time you must have a fund that is enough for a couple of months separate from your trading capital, this is to avoid going into debt if things don't go well. If you get successful in trading then you can make a living from it, just separate your net profit from your trades.

^ It depends on their luck, I saw in the other thread that someone gained almost 100% profit in trading in just 1 month. There are some traders who are lucky enough that they gained profit in trading, good for them. However, wishing to get more profit and become rich is too much for me, which will lead to greediness which is not good. Because not all the time we can make a profit on trading, not all the time, there are some instances that we will fail or more worst get into debt if we can't control our ego and greediness.

[fantasticromantic]

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

Of course, you can get rich by trading crypto but 1st you must be a good friend with Elon Musk. Just share your thoughts with him tell him to post a tweet about your current crypto(whether it is BTC or some other shitcoin) and expect price skyrocketing.

[pankowri]

It will be founded on my job criteria and coincidence. Because trading is not a word of mouth that I said is performed. Many themes are wrapped here. You have to trade with everything in mind. But the big ones who are traders are undoubtedly rich. It is possible to get rich from trading but in my viewpoint, it is possible after a lot of difficult endeavors and a lot of tolerance.

[molsewid]

If you're planning to be a full-time trader my advice now is don't continue what you're planning. It's possible to get rich in trading but you really don't know how the market will move. To be able to go full time you must have a fund that is enough for a couple of months separate from your trading capital, this is to avoid going into debt if things don't go well. If you get successful in trading then you can make a living from it, just separate your net profit from your trades.

Don't stop him if he wants to become a full-time trader, he is just courageous because he wants to compete and fight this in this market, he just only needs to change his mindset from thinking he can get rich yes it is true but not that easily he will continue to lose if he will not study the market and its volatility if he keeps on being greedy and become rich as fast as he could, so better for him to know that not all his trade will have a gain not unless he studied it.

[dunfida]

If you're planning to be a full-time trader my advice now is don't continue what you're planning. It's possible to get rich in trading but you really don't know how the market will move. To be able to go full time you must have a fund that is enough for a couple of months separate from your trading capital, this is to avoid going into debt if things don't go well. If you get successful in trading then you can make a living from it, just separate your net profit from your trades.

Don't stop him if he wants to become a full-time trader, he is just courageous because he wants to compete and fight this in this market, he just only needs to change his mindset from thinking he can get rich yes it is true but not that easily he will continue to lose if he will not study the market and its volatility if he keeps on being greedy and become rich as fast as he could, so better for him to know that not all his trade will have a gain not unless he studied it.

Reaching out goals or simply becoming rich wont really be a simple path for someone to take.It would involved lots of trials and errors plus experiencing those worst of the worst
on this journey.Trading can make your rich but it would depend on how much you had put on and risk on and on how well you do make out to be ending up to be profitable.
Not all would really be succeeding into this career path and in fact lots had failed and slapped into the ground just because of hurrying too much.
Take it slow and dont rush up and study all the possible things that you can do.

[KennyR]

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

Of course, you can get rich by trading crypto but 1st you must be a good friend with Elon Musk. Just share your thoughts with him tell him to post a tweet about your current crypto(whether it is BTC or some other shitcoin) and expect price skyrocketing.

Agreed on the statement, this is how big people has the ability to manipulate the market. Whether the market is on the downtrack or towards the peak doesn't matter. Now Elon Musk could've bought some Bitcoin and gives some tweet, following will be the massive growth. Who is the profiting person, and his wealth gets added with few more billions. Anyhow trading makes people rich out of the capital investment ability.

[Zemomtum]

You can get rich through trading if you study the rudiment and not just jump into it. To be a good trader takes a lot of time and dedicated effort and most often not less than 2 years. Learning trading for two months and call yourself a trader is just a mere joke

[virasisog]

Trading can give promising income but the risk of you losing all your money is also high due to the market's volatility. Even those who are experienced in trading lose thousands and even some lose millions of dollars in a snap. Discipline, risk management, technical analysis, experience, patience can help you succeed in trading, but it is easier said than done because when opportunity and greed comes sometimes your knowledge, experience, and even your quality as a good trader will not be of use.