Can newbie become rich with trading

[fauzan Ichsan]

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.

a newbie I think it's hard to get rich from trading results before he becomes a professional, or luck is on his side. if you start from a beginner, I suggest not looking to get rich quick, but we must invest in knowledge to lead us to the treasure that comes from trading later. Get-rich-quick thinking like this is used by marketing to drain customers' money, because they are tempted by instant results and time

[1715345025]

1715345025

[traderethereum]

Anyone can become rich with trading, including a newbie but with terms and conditions.
Before you trade, you should have skills in analyzing the market and choosing the coin you want to trade.
Learning trading needs patience and time to understand the lesson and you must practice what you learn so you can improve your skills in analysis.
You should give time yourself to learn more lessons and get experience from trading itself so you can analyze the market and make a profit.

[GreatArkansas]

Its not about becoming rich since the beginning.. you have to find your strategy first, even if there are multiple tips and tricks for this, you will eventually find what works for you. With time.

I believe we still have some traders who may have not started on a bad not in the sense that one don't have to lose while learning, you can still gain profits along your learning stage as a newbie.

Most newbies don't really know what is the key to becoming successful traders, some of them after a few trades, especially losses tend to stop their journey in trading.
For me, the key is to be in the game for the long term, capital preservation, and it will lead you to become "rich" in trading, minimizing losses, and maximizing profits.

[NeuroticFish]

Anyone can become rich with trading, including a newbie but with terms and conditions.
Before you trade, you should have skills in analyzing the market and choosing the coin you want to trade.
Learning trading needs patience and time to understand the lesson and you must practice what you learn so you can improve your skills in analysis.
You should give time yourself to learn more lessons and get experience from trading itself so you can analyze the market and make a profit.

It's a matter of a lot of learning and also luck. It's a matter of understanding TA and also the psychology behind it and behind every rumor and news coming out.
I don't think that one mastering all this can still be called newbie. Not any longer, by far.

So for OP question the answer is "no".
A newbie will most probably treat crypto trading like gambling where he has a bigger chance to win if he pays a bit of attention to charts. And, if he's careful at the fees and he has entered in a good moment, he will earn some... until the trend changes unexpectedly and loses more than he has earned. Then he will either leave disappointed, either get on to actually learn (and get back to trading when he's no longer newbie), or... start holding...

[zaesvlas]

It is more difficult for a beginner, of course, but in general - the scenario is quite possible. It all depends on the approach to work and the desire of the trader.

[maydna]

It all depends on how you can work hard to improve your skills in trading, and remember, trading needs a big effort to master the skills, especially skills to analyze the coins. Trading is not about buying low and selling high, but it will have more than how to find the right coins, when to enter the market, etc. Being rich is just a matter, but how can you pass every learning process about trading? And that will not many people can do it because the efforts that I mentioned before will disappear in the middle of the process itself. So you need to think twice about the hard of learning to trade because trading is not as simple as you thought.

[kamilah147]

all are traders who come from beginners, they have gone through a lot of experience and learned all trading strategies, so it seems easy to make money now. you have to train yourself, by learning more about the market, so that your trading and analytical skills will be maximized well. do well and study hard to be able to trade. because no one gets rich fast.

[Cling18]

Yes, it's possible but a newbie still has to go through a lot before he reaches success because, to be honest, trading is a long process of learning. It couldn't be a shortcut to getting rich so it requires hard work, perseverance, and eagerness to learn not just the basics of trading but also all the effective strategies that you could apply. There's a chance for a beginner to succeed but it will still take time.

[youdacapt]

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.

You might not agree with me, but a newbie has not a single business trading.  What a newbie should focus on is learning and understanding the concepts behind crypto currency trading while raising capital. Also, there is no manual to trading crypto currency, there is no great teacher idea, the more you learn, the more you know; the more you trade crypto currencies; the wider your knowledge grows. so newbie should take up position of a newbie and learn before  trading. Crypto currency trading is not a get rich quick scheme

[Silberman]

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 depends on what you mean by this, if a newbie through their hard work and dedication studies the markets, learns from his mistakes and designs a good strategy then they are not a newbie anymore but their chances of making money with the markets grow significantly, however if you are asking about a newbie actually becoming rich with trading then there is still a chance for this to occur, however it would be because of luck and nothing else, something in which you cannot rely on and that most likely will bring you misfortune and not the riches most people expect as a trader.

[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.

You could definitely have that kind of possibility on making yourself rich but it would vary on different factors or circumstances.

1. How well you do trade
2. How much would be your capital
3. Sustain
4. Emotion/Capital management

Dont rush up on doing things because this would result into mistake.

[Vaculin]

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 the basics in trading first. Once you gained good knowledge and is ready to experience in real trading, that will be the start of developing your own skill and enhance your strategies that will work on you. Do not expect for instant profits if you are still new to trading, that is very impossible to happen. While some newbies have their own beginner's luck, but in most cases, newbies are still prone to losses. Being rich will only be achieved once they perfect their skill but that will take a lot of years of experience.

[topman21]

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.

Yes, of course you are right. Trading is like a complete gaming system. There are a lot of newbie traders who can't analyze well, but at the same time bring huge profits from the trading platform.Where experienced traders cannot bring. So I would say that if you are lucky then you are more likely to be a newbie to the trading platform.

[Yamifoud]

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.

You could definitely have that kind of possibility on making yourself rich but it would vary on different factors or circumstances.

1. How well you do trade
2. How much would be your capital
3. Sustain
4. Emotion/Capital management

Dont rush up on doing things because this would result into mistake.

In addition to this list,
 * We have to know our limitationAnd OP must understand that trading is not the fastest way to earn money and make us rich. But yes, It was very certain to make a profit in trading if we are also willing to learn and follow advice from others. As the way we think positively and focus on our trading plan, it is too possible we able to reach our goal and become rich, but of course, just it takes time.

[TimeTeller]

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.

Yes, of course you are right. Trading is like a complete gaming system. There are a lot of newbie traders who can't analyze well, but at the same time bring huge profits from the trading platform.Where experienced traders cannot bring. So I would say that if you are lucky then you are more likely to be a newbie to the trading platform.

But don't  rely on luck if you are already here long time.
It takes experience, skills or hard work before you will see the fruits of your labor.
Luck is in play if you are mostly investing in alts or meme coins/tokens or other hyped-up projects.
But if you will stick to top alts, knowledge and other know-how will play great role in your trading results.

[RILWAN]

It is more difficult for a beginner, of course, but in general - the scenario is quite possible. It all depends on the approach to work and the desire of the trader.

What work are you talking about, is it to work to build a trading skills or work to persist trading even if the trade is not going in your favor, most newbies are stock between the decision to either continue trading or quiet if their losing merging is greater than profits.

[BobK71]

Generally we come to crypto platform with having wrong idea that how can I get rich with in shortest time. This is the expression of greediness. This thought  ultimately destroy your dream before entering the platform. So very beginning in crypto life I would like to suggest you to join crypto platform and start to lean. If you are to be a good learner then you will also be good earner. You have to set your mind that approximately two years you cannot earn anything form the platform accept learning. Just remember that trading is not only a investment platform here your experience work in the same way for to get success.

[newdevices]

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.

Yes, of course you are right. Trading is like a complete gaming system. There are a lot of newbie traders who can't analyze well, but at the same time bring huge profits from the trading platform.Where experienced traders cannot bring. So I would say that if you are lucky then you are more likely to be a newbie to the trading platform.

But don't  rely on luck if you are already here long time.
It takes experience, skills or hard work before you will see the fruits of your labor.
Luck is in play if you are mostly investing in alts or meme coins/tokens or other hyped-up projects.
But if you will stick to top alts, knowledge and other know-how will play great role in your trading results.

Relying on luck alone will not make us get the profit we want besides investing in meme coins or hype projects is quite risky,
maybe it's better to prioritize to improve our knowledge and skills to support in trading or investing,
but again it all depends on each person's decision

[tygeade]

It is more difficult for a beginner, of course, but in general - the scenario is quite possible. It all depends on the approach to work and the desire of the trader.

What work are you talking about, is it to work to build a trading skills or work to persist trading even if the trade is not going in your favor, most newbies are stock between the decision to either continue trading or quiet if their losing merging is greater than profits.

In a situation whereby your trading is not working out, you shouldn’t just keep persisting, you should as well make sure that you are looking for solution. When it is not working you should look for the solution and know the areas you are making a mistake and try to solve those mistakes you believe you are making And see how good you would get after that.

So, you don’t just keep persisting when you are not really looking for a solution to the problem, with the believe that things are just going to workout due to the fact that you keep on persisting. And sometimes it’s best for you to just look for something else. Trading isn’t really something that everyone must do, yes it is a really good thing if you can do it, for the fact that you’ll be making a good amount of money from it, but it is still not a must that you would do it. There are still other things you can do which will fetch you income as good as that.

[Dr.Osh]

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.

keep studying. there is no instant way for it. many people think that trading is a shortcut to make someone rich. in fact, if you are not prepared for it, it can cost you money. Because of that, you have to keep learning. even people who have been trading for a long time cannot guarantee continuous profits. because of this, what needs to be done is to learn continuously, because market behavior is always changing.