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.

Nothing is impossible in life if you devote your time, energy, and thoughts to it. So being successful in trading does not require rank or level; you can be a newbie and be successful in trading while someone who is a legendary member may fail; all you need is a good basic foundation in trading, know and acquire a very good knowledge and understanding about cryptocurrency and trading in general, and I am confident that you will be able to make it in crypto trading.

When I said a newbie I didn't mean on this forum what I meant was a newbie in trading, note not everyone on this forum like trading and even a legendary member here can be a novice in trading.

[Xampeuu]

For a beginner, it may be difficult to immediately become rich from trading results, unless luck is on his side. but I have a suggestion to invest most of the capital owned. and the rest is used to learn trading. that way the risk becomes small and we can learn to trade for the long term. to learn trading takes a long time, because we have to learn from every problem and solve it, or if we want to be smart we learn from other people's experiences, it will be even faster if we have friends who have been in the trading world for a long time

[molsewid]

For a beginner, it may be difficult to immediately become rich from trading results, unless luck is on his side. but I have a suggestion to invest most of the capital owned. and the rest is used to learn trading. that way the risk becomes small and we can learn to trade for the long term. to learn trading takes a long time, because we have to learn from every problem and solve it, or if we want to be smart we learn from other people's experiences, it will be even faster if we have friends who have been in the trading world for a long time

Well maybe we can consider that a beginner trader in crypto are already a trader of stocks or others and that only mean a beginner can become rich with trading. But if we were going to refer a beginner trader in a way as a learning in progress then I would going to agree that a success and the dream of becoming rich in trading will for sure takes time. Also, trading is constant learning, learning from experience and learning technical analysis but getting the possibility to become rich in trading is very much possible.

[kesmex]

For a beginner, it may be difficult to immediately become rich from trading results, unless luck is on his side. but I have a suggestion to invest most of the capital owned. and the rest is used to learn trading. that way the risk becomes small and we can learn to trade for the long term. to learn trading takes a long time, because we have to learn from every problem and solve it, or if we want to be smart we learn from other people's experiences, it will be even faster if we have friends who have been in the trading world for a long time

Well maybe we can consider that a beginner trader in crypto are already a trader of stocks or others and that only mean a beginner can become rich with trading. But if we were going to refer a beginner trader in a way as a learning in progress then I would going to agree that a success and the dream of becoming rich in trading will for sure takes time. Also, trading is constant learning, learning from experience and learning technical analysis but getting the possibility to become rich in trading is very much possible.

That's true because after all without going through the process the newbie trader will not develop,
it takes patience and humility as well to keep learning because it is part of the process,
by trying and working hard I think success will come by itself

[sana54210]

The average trader who has made a profit will find it very difficult to explain to novice traders how they think and trade because what they think is the result of their years of experience in trading. you must be able to find the best way for yourself so that you can always profit when trading.

There's a wide explanation about that 'best way'.

It's going to be an addition of strategies, experience, and patience. But with newbies thinking of being rich in trading, it's totally okay but they shouldn't think of it to come asap.

That sequence of their life would come eventually and they have to go through too many losses and learn from those.

It's the obvious reason that makes me question the situation. Like you could literally just wait and become a good trader, you do not have to do much, it will come to you, you will learn it, you will lose some money meanwhile but you will get there eventually, all you have to do is wait for it and it will come. What most newbies do is expect to get rich very quickly, and they do too much too quickly and end up losing money.

Just be patient, learn, trade, lose, learn why you lost, and be better, that's all you need to do. It's not even that hard, I mean trading is not easy, but becoming a good trader is not a hard thing to do, you just need time for it.

[Desmong]

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.

I see no reason why a newbie will become reach from trading alone. This is impossible but can be possible with better guidelines. If the newbie trades based on trade calls, I think that is better and could be possible compared to when they are trading alone. Trading is difficult and we shouldn't see it as simple as we could think. It's you get the skill and grand yourself well in it before going fully in trading.

[jostorres]

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.

Crypto is almost the shortest legal cut to getting rich, unarguably so but can also wreck anyone if he invest in wrong projects or invest at the wrong time. Any time you buy bitcoin is good time but the better strategy is to pick at the bottom because if it  will somehow reach a new all time high in the space of 4 years.

That is if they get lucky investing huge amounts in a new project that booms instantly but what if it was a scam? I think these people will only say that crypto is the quickest way to lose money.

It's possible that they can get rich if they are greedy because they are willing to take more risk by spending more money and doing more trades but the only downside of being greedy is they never get contented so what happens is they will still lose what they already gained. They only think that trading is a shortcut but actually trading is the hardest route among all crypto activities because in trading your will need more than just a basic understanding.

[Hamphser]

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.

I see no reason why a newbie will become reach from trading alone. This is impossible but can be possible with better guidelines. If the newbie trades based on trade calls, I think that is better and could be possible compared to when they are trading alone. Trading is difficult and we shouldn't see it as simple as we could think. It's you get the skill and grand yourself well in it before going fully in trading.

Everyone need guidelines because this isnt something a thing which you could easily deal with or make yourself get rich without having the hurdles and difficulties and this is something that you would

really be experiencing along the way.It is possible that you could really make yourself that rich but this is for latter years to come but of course the thing you do need is to sustain

and make yourself that profitable and able to survive the market.You should bare that on mind first before stressing yourself on making perfect trades since it cant really be that possible.

[Benefactor]

There are exchanging essentials out there, yet in the end you concoct your own techniques. Since, supposing that you and a many individuals follow and utilize a solitary system, odds are the benefit. Exchanging isn't a venture conspire, here you might create a gain or would lose your capital too. So the idea is to begin exchanging with a modest quantity and practice, advance as much you can.

[GiftedMAN]

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 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.

If you still want to trade, then get ready for the first year (or maybe even more) to lose your money. Whatever you do, you will lose money, like 95% of traders. There will be losses until you gain enough experience and form your strategy in which a balance between risk and profit is found. This balance is very difficult to achieve and it will take a lot of time to achieve it, trying more and more new ways to make money, until you find something optimal and what you understand best in the market.

This can take years, and for some even a decade. Personally, it took me about 3 years. Trading is an extremely difficult and dangerous profession. This is not a game, don't even try to treat it like a game or like a casino. You will fail.

I agree with what you said right here about the time it took you for trading, I will not advice anyone to venture into trading unless the person is ready to devote his time only for the trading business, ready to attend mentorship program and classes on how to trade, the person can learn about risk management, profit making plains and or that, but the truth be told,even experts in trading still loose money so you can never master all the signals.

[Wexnident]

Well, I don't think there's any industry out there that's EASY to make money in. I guess trading takes it a step notch due to the fact that you're using money to make more money, basically, it increases the rewards by making the risks involved higher. It's never going to be easy, losing will always accompany you on your entire journey so just etch that to yourself before starting. I actually wouldn't take the chances of a newbie being a millionaire due to trading to be impossible, but that's more like it's all about luck instead, and it'd be no different than gambling if you were to rely on said luck to actually start your trading experience.

Everyone need guidelines because this isnt something a thing which you could easily deal with or make yourself get rich without having the hurdles and difficulties and this is something that you would

There's only a general rule, not really a set guideline. After all, what you're investing in are projects that change throughout the years, I don't think setting any rules or whatnot to bind the changes would actually net you any positive result. It'd ultimately just strangle you as a limited of sorts.

[passwordnow]

I see no reason why a newbie will become reach from trading alone. This is impossible but can be possible with better guidelines. If the newbie trades based on trade calls, I think that is better and could be possible compared to when they are trading alone. Trading is difficult and we shouldn't see it as simple as we could think. It's you get the skill and grand yourself well in it before going fully in trading.

It's going to be a process and more on a long process until a newbie reaches his fortune through trading. The starting would be more on the capital for learning.
And how many newbies are willing to lose just for the sake of learning strategies and as well as gaining experience? That's why I think if there will be newbies who will become rich in trading, they're not that much but only those that pursue it despite the bad experience and losses they've acquired.

[schupp]

Who wouldn't want to become rich? If you have little or no idea about cryptocurrencies, I would set more modest goals first. For example, to invest the money in such a way that at least the loss in value is compensated. In order to have great opportunities, you have to take bigger risks more often. If you are completely new, however, I would first and foremost make sure not to invest too much money.

[Tahsin Kabir Kollol]

Every one of the ways to get rich quickly is extremely risky and dangerous. In fact, there is no shortcut to achieving success as well as gaining skills and experience. At present, it is very difficult for newcomers to earn money through trading. Before, there is a comprehension among the newbie to cryptocurrency that it is a simple method for getting rich. On the off chance that they were asked how this going to occur, they don't have any idea. There is a requirement for appropriate instruction about the digital currency market. Individuals are very much aware of digital currencies, yet the consciousness of them as speculation, exchanging resources, exchange sources, and everything should be educated. Somebody might have been fortunate to become wealthy in the transient putting resources into any of the digital forms of money. With that, one shouldn't anticipate that the equivalent should happen to them.

[cheezcarls]

Unless if you are lucky that you trade that coin and the next day it moons 10,000% or something like that, maybe that would work. However, the chances are very, very, very slim because we cannot predict the chart's movement whether if it's under a minute, several minutes, a day, week, etc. However, there is a good chance that you can get rich in the future if one or more of the coins or tokens you've invested early have pumped up very high.

[GigaBit]

Trading is a vast technical place where everyone trades for profit but cannot succeed there. It doesn't matter who is new or who is experienced. Those who deviate from the determining track will also have to pay the forfeit.

[iv4n]

Trading is a vast technical place where everyone trades for profit but cannot succeed there. It doesn't matter who is new or who is experienced. Those who deviate from the determining track will also have to pay the forfeit.

Trading is a two-way street, anyone can become rich by trading, but also the rich can lose everything! This is a game, so people should be careful what they do, as always when money is involved!
Trading is like everything else, whether someone will become successful or not depends on many factors! In the first place, it's the commitment to trade, to learn something, to constantly research, and monitor everything that can affect the crypto market and the prices of coins and tokens! Ambition to achieve something, patience not to make hasty moves... all this should fit in and stick to some rules and strategies day by day!
While some people lose others succeed in making a profit, it's trading! I will say that experience matters a lot when a situation comes and you need to make a decision, most likely you will make a better decision if you have some experience... without it, you can just wild guess and play on the lucky card, but in most cases that not ends well!

[Serco]

everyone here could be rich people from trading, its provide alot opportunity to earn money on short time, but the most important thing is about risk. when they decided to trade , did they ready about risk that may also could make them suffer loss too? alot people only talking about profits, but never care about loss possibility.

[Captain Corporate]

The level of work-rate decides this a bit. A newbie that basically focuses on becoming better and better for a whole month could learn so much during that period, and I mean working and not just spending time. I have seen people learn more in 8 hours than some people learn in a year of college education. Which means that if you really put your head into something, study 12-16 hours a day, for a whole month then not only you could learn trading but you could also be on your path to become rich as well. This isn't of course a rule, it depends on each person, some are better at it and some are not.

[iged_war]

The level of work-rate decides this a bit. A newbie that basically focuses on becoming better and better for a whole month could learn so much during that period, and I mean working and not just spending time. I have seen people learn more in 8 hours than some people learn in a year of college education. Which means that if you really put your head into something, study 12-16 hours a day, for a whole month then not only you could learn trading but you could also be on your path to become rich as well. This isn't of course a rule, it depends on each person, some are better at it and some are not.

some people even didnt understand about "working and just spending time" .alot of them maybe only working to spend their time , meanwhile alot knowledge we get if we working and learning in couple hourse we used to. alot hours that we spend daily but it useless when we face the fact on our life. 12 -16 hours was alot time to learn everything, we got best opportunity from this time and set our goal for future as long as we consistent with this learning.