Can newbie become rich with trading

[RILWAN]

Trading look like a hard to understand game and for any new person in trading making profits is always hard that is why am here to ask how can a newbie make profit trading coins and what manual can be followed.

[1714060593]

1714060593

[mk4]

Trading is a game where you're mostly going against the top quant trading firms, unless you're trading those low-cap coins where they mostly wouldn't even bother trading.

And there isn't really a sort of "manual". There are trading basics out there, but in the end you come up with your own strategies. Because if you and a lot of people follow and use a single strategy, chances are the profitability is going to be really low and you're just going to try to front-run each other.

[The Cryptovator]

Your topic title indicates you are looking short cut to become rich. That's the prevention of becoming rich from trading. Because a greedy attempt is enough to throw you to the road, to be honest. If you don't have enough patience then practice it. Don't try to become rich over the night. Trading isn't an investment scheme, here you may make a profit or would lose your capital as well. So the suggestion is to start trading with a small amount and practice, learn as much you can. Read articles and watch YouTube for learning purposes. Then day by day improves yourself.

[calya]

A beginner can become successful through trading, but he will become rich faster if he invests. Even though investing is longer than trading, it is less risky and more likely in the long run than trading.

trading and investing has same level of complexity , in trading we must mastering all technique needed to analize price is it technical or fundamental?. accumulation strategy that applied on trading will have better result than investing. in investing we will miss on daily volatility that should taken as opporunity to earn money.

[bitbollo]

trading is a profession like any other.
you can do it as a hobby but obviously you can't expect extraordinary results.
you do not base your activities on luck you must have a certain knowledge and experience that a newbie certainly does not have "by nature". Ok the luck of the beginner, but from here to get rich I see it really hard ... maybe impossible for the 99,99% of people that will try on it...

[RILWAN]

trading is a profession like any other.
you can do it as a hobby but obviously you can't expect extraordinary results.
you do not base your activities on luck you must have a certain knowledge and experience that a newbie certainly does not have "by nature". Ok the luck of the beginner, but from here to get rich I see it really hard ... maybe impossible for the 99,99% of people that will try on it...

Off course I know there is no short cut to become rich in trading, one for one to become a successful trader their need time and persistence in trading even if there is an ups and down during trading time.

[Bitcoin_Arena]

Yes, A newbie "can" become rich through trading or even be more successful than experienced traders, but that factor at play in most cases could be due to what I call luck. You could make your first trade with the right asset at the right time, and then you hit a jackpot more than someone who has traded for 5 years, but the question is are you willing to rely on luck?

Certainly not because luck is unreliable. It's like gambling. I would rather learn and perfect my strategy over time.

[Finestream]

Trading look like a hard to understand game and for any new person in trading making profits is always hard that is why am here to ask how can a newbie make profit trading coins and what manual can be followed.

Trading is always hard particularly for newbies who still lack the knowledge and experience. But if you are eager to learn and do what it takes to learn in trading, then hopefully in the future you will make good profits in trading. But don't expect to make it happen today, everything in trading takes a long process and you should be ready at all cost. There is no manual in trading, everything is learned through experience.

[Viscore]

Trading look like a hard to understand game and for any new person in trading making profits is always hard that is why am here to ask how can a newbie make profit trading coins and what manual can be followed.

If you enter trading without prior knowledge and skills, literally it will always be hard. This is why one should never do trading unless he is knowledgeable and capable. Otherwise, you will end up in a mess if you insist to trade. Newbies are always bound to lose in trading, they will only start to make profits in trading once they gained the knowledge, experience and skills. And generally, no newbies will make it big in trading. But most of the legends do.

[blockman]

Trading look like a hard to understand game and for any new person in trading making profits is always hard that is why am here to ask how can a newbie make profit trading coins and what manual can be followed.

Learn, gain experience and earn.
Everyone started out as a newbie and you have many choices in crypto. You can either trade, hold or do the other ways of growing your portfolio through staking.
Keep reading many materials about trading and the market itself so that you are informed on what it looks like. It's easy to think that a newbie can become rich in trading but the actual process is complicated because there can be a lot of things that can happen and your emotion, it will either make you stop and give up or give strength to continue.

[Issa56]

Trading look like a hard to understand game and for any new person in trading making profits is always hard that is why am here to ask how can a newbie make profit trading coins and what manual can be followed.

Before newbies can start making money I believe you will have understand what cryptocurrency trading is all about,  if you understand what trading is all about and if you can take your time and do your analysis very well then I believe you will definitely make your money. The professionals you see today also started as a newbie but with consistency and patience they are now professional. If you understand the basics them you will make your money even if you are a newbie.

[dunfida]

Trading look like a hard to understand game and for any new person in trading making profits is always hard that is why am here to ask how can a newbie make profit trading coins and what manual can be followed.

If you are completely a noob or zero knowledge about trading then it would be just sensible on having
this kind of learning curve or path.

1. Study babypips.com and finish the course
2. Try some actual trades with actual balance
3. Learn from your mistake
4. Try to make some good control of emotion/ Good risk management

Dont rush up yourself on learning everything or getting rich.Mind about on how you would gonna survive.

[jossiel]

Change that mindset first.

Those that I know that wanted to become quickly rich, they got into scam investments and other fake schemes. Because they were rushing and doing unnecessary things to grow their money in the wrong way.

You need to take time and gain knowledge not just in trading but also in how you'll take step by step with your plans. Enjoy the process of trial and error.

[uneng]

how can a newbie make profit trading coins and what manual can be followed.

Newbies can trade by just buying bitcoin, holding it for a long time, and finally selling when the price considerably surpass the price you bought your coins for.

That is the manual and it's called long term trading.

Anything else on short run and involving altcoins should be taken with a grain of salt. Even professionals aren't safe on this game, imagine newbies...

[sheenshane]

From scratch and becoming a successful trader isn't easy for a newbie (is there someone successful in trading?).  There's a lot of experience you need before you'll understand the market and there's no shortcut to it and you'll face a terrible problem when you lack knowledge and skills.  The more eager you have in yourself seeking profit could become greediness which leads to becoming a victim of scams.  So don't rush anything and don't think that you will quickly rich in trading, because once you are new to trading, don't expect too much in profit, sometimes we value our mistakes as an experience that we must avoid in the future.

I believe investing in the long-term will be the answer to your question but for sure not as quick as you want, however, there's no time frame when it will happen.

[romero121]

In the past there is an understanding among the new comers to cryptocurrency that it is an easy way to get rich. If they were asked how this gonna happen, they don't know. There is a need for proper education about the cryptocurrency market. People are well aware about cryptocurrencies, but the awareness of it as an investment, trading asset, transaction source and everything need to be taught. Someone might've got lucky to become rich in a short term investing on any of the cryptocurrency. With that one should not expect the same to happen for them.

[Blank-Head]

It is very difficult for newbie to do something profitable by trading. A newcomer comes to the marketplace and see that it thinking about 6 months to 1 year. It is very difficult to make a profit by trading newbie, al though sometimes it is seen that in many ways they are doing something very profitable, it is only working as a luck.

[tranthidung]

Trading look like a hard to understand game and for any new person in trading making profits is always hard that is why am here to ask how can a newbie make profit trading coins and what manual can be followed.

Hard or not, you can answer if you deeply think about it.

Question

• If all or most of traders, exclusively newbie traders, are able to earn profit or better become rich by trading, where the money come from?
  
  • It is unrealistic to think that such money comes from older, more experienced traders.
  • Newbies are more vulnerable to loses than experienced ones
• It's the zero-sum game so the money flow will be from the poor to the rich. Most of newbies are the poor and get poorer. Most of experienced traders are the rich and get richer

[Bhig Daddy]

There are no short cut in trading you know, and it also advisable to invest rather than trading. In crypto trying to become Rich over the night is very risky and you could also lose your capital. And again there isn't manual it just basics you have to read and patiently wait for the next big opportunity.

[jrrsparkles]

Trading look like a hard to understand game and for any new person in trading making profits is always hard that is why am here to ask how can a newbie make profit trading coins and what manual can be followed.

It takes times but eventually once you understand how it works then sure you can become rich, you can start trading with any amount but I can say that higher the capital then chances are more for you to make profits. There are different types of trading which can be learned in a lot of ways like through courses, online blogs, guides, even people teach you things so pick one which suits you.