Can I get rich by trading

[Innerpumper]

90% of the people seem to be voracious and impatient in trading. Because I myself experienced it when it was eager to get a high profit I bought coins when ath. And I lost 80% of my assets, it's very sad. I am currently returning to trading with minimal capital and properly paying attention to the trading charts. I wish I could have incurred my loss at that time.

[1714670503]

1714670503

[Sebas.tian]

If you wish because there are many people trading in the market are not yet rich. If you have that believe that you will get rich with your trading, and follow up with it with strategies you will get rich.

As a trader who want to get rich with trading must follow this steps:
1: determination : with the planning and strategies you show on your trade will determine your achievement in future.
2: Personal Research: For you to get rich with your trade, you must learn how to carry out personal research to enable you to achieve your goals.

3: Selective: to get rich with your trade you need to know the type of trading you want to embark with for you to be able to get rich with your trading system.

[seramania]

anyone can get rich from trading, as long as that person really has good skills and abilities. in trading capital does not determine the most important result is to take advantage of opportunities to be able to manage assets properly

[South Park]

Yes people can get rich in trading but not in an instant. And it also depends on how much you’ve invested and for how long too. I know someone who’ve invested his last pay at work and every time bitcoin reaches a new ATH he would announce how much he profited. But I don’t think he ever withdrew his profits and kept hodling up until now.

We know it is possible that is not the problem, the problem is that people expect this to happen to them and yet make no effort to reach that goal and think they can achieve those results by just investing a few dollars in a few weeks, their issue is their expectations, becoming rich is still possible even now as long as your capital is substantial, you know the ins and outs of how to trade and you are willing to wait for years or even a whole decade to see those results, but very few people think like that which is why they end up making a lot of mistakes which reduce their wealth instead of increasing it.

[fly.math]

Of course, I think at a time like this if you have started trading a few days ago then I think you can make good money in trading at the present time because now the volume of every coin in trading has increased and every trader from every trading I think  He has been able to earn income by trading a good amount this year

Well, yes, yet relatively few will succeed. Most won't make enough. Furthermore, look at a price chart—regardless of whether it be for stock, cryptocurrency pair, or futures contract—it seems like it ought to be quite simple to bring in cash.
In addition, you should know discipline. Because in trading it requires a high measure of it than knowledge. Likewise persistence - Don't lose your patience, to bounce in for any trade.
Likewise, having a correct methodology and ability can assist you with acquiring profits. This includes making research to distinguish coins or cryptos by analyzing their trends and performance so that you can focus on it alone. Like for example, BTC or ETHor XRP.
Additionally, there's a methodology wherein you are thinking about the fast advancement of technology which you can take advantage of- for example getting into an exchange just to make your trading experience simpler.
In conclusion, markets are unstable and it can get troublesome in foreseeing what's to come. Henceforth, trade with the cash you can bear to lose. 

Some do really like to FOMO or go with the FUD which makes them to have losses.... Once they heard something they will trade hurriedly but they should remember that trading should be emotionless, you should just have emotion when price goes rocket specially with the altcoins, its hard to predict those prices actually most of it are manipulated.

[3meek]

I recommend that you don't get your hopes up about the trading... A much better strategy is to buy and sell coins several times a year! It's much more profitable than unprofessional daytrading...

[bakasabo]

I recommend that you don't get your hopes up about the trading... A much better strategy is to buy and sell coins several times a year! It's much more profitable than unprofessional daytrading...

Agree. Buying and holding cryptocurrency that has a potential of growth is much more profitable and easier than first studying how to properly do daytime trading, then feeling nervous from each price fluctuation. I'm not speaking how much time you would save simply by holding and sitting 24/7 behind screen, looking for a perfect time to buy and sell. Besides, while holding, you may do other parallel work and earn.

[gazilla]

You can absolutely but I do not think the best time to do trades is currently at the time of bullrun

[lienfaye]

You can absolutely but I do not think the best time to do trades is currently at the time of bullrun

Yes its quite risky but there are traders who can really make profit regardless of the market status. So I think it depends on your strategy and capabiity to take advantage every situation. Thats why you need to be knowledgeable in this field to be aware on what coins are best to trade.

If you dont have what it takes to be a day trader, much better to be a long term hodler, less stress but it needs a lot of patience.

[konflikkastil]

Let me tell you this now, you will not only be rich but you can also make it big time. This is one of the best few ways you can make it in crypto. There are lot of articles that has been written on how someone can make it big time tradin- g crypto. The logic behind is very simple and at the same time very complex. You buy low and sell high. Sometimes, you sell higher. The question here is how do you know when to buy? When to sell? And when I o hodl. You need to get now all these. What are the coins to trade. Any coin tat has future.

[migolmigol]

Yup of course. That's why a lot of people do it. But note in mind that there is still a risk and a chance for you to be broke as well.

Remember that in every investment, risk is INVITABLE. What you can do is to manage the risk. You have to do a lot of research and consider different studies to make your trades more beneficial. And most importantly for me, is you have fun while doing your studies along with your trading. You can only be good at it if you are enjoying doing it.

[South Park]

I see all this "to the moon" stuff and start dreaming
but am sure it's not that easy

And you are right it is not that easy, people have warped expectations out of trading, while people get overexcited when a bull market comes the truth is that you can know who is a good trader when the market is not moving at all or when it is crashing because those traders can still extract profits from those market conditions while the rest needs the price to skyrocket to make profits, so as long as you are a competent trader over the years you could become rich but it is a process and not something that will happen overnight.

[wxxyrqa]

With a certain amount of knowledge and experience, as well as the ability to conduct technical and fundamental analysis, a trader has the opportunity to get a sufficient good profit. In addition, when using margin trading, many traders receive a constant income. But given the current performance of the cryptocurrency market, it is much safer to make money on investments alone.

[cheezcarls]

I would say no. You might get great amounts if you are skilled and knowledgeable enough in trading. Although there is a great possibility that you can make a living as a day trader, but you won’t get rich. The best way to be “rich” is through buying and HODLing them long-term until the time when that certain coin “shoots up to the moon” like BTC does.

[fahmimajannat]

Yes you can
But you Have to take right anf well calculated decision every time.
You can't be rich by investing with your emotions rather you should invest with your knowledge and well calculated decisions.
But eventing depends on luck. So keep faith in Almighty allah and go forward

[Rana590]

It is not impossible to get rich by trading. But it does not hesitate to make you very poor also. You have to learn to trade well to be rich. It is better not to come here if you do not have the necessary knowledge and experience on trading.

[Julien_Olynpic]

Leonardo da Vinci said the following about this: anyone who wants to get rich within 24 hours will be hanged within a year. There is another adage: greed leads to poverty. Yes, everyone wants to get rich quick. But it all depends on what risks you take. If you take on increased risks in your desire to get rich, then these risks will sooner or later nullify your deposit. You can focus on a small number of high-quality projects and reduce the trading volume, and this may be sufficient for the growth of the deposit.