Can newbie become rich with trading

[Woodie]

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 might seem like an impossible skill to learn but it's all in the amount of time you invest in learning the skill of trading . Btw dont take shortcuts in trying to get to the finish line,baby steps is all it takes and once you have this knowledge trading will be a breeze, and if you like you could use youtube for some free resources to get ahead of your game,good luck.

Remember knowledge first then profits follow.

[1714154135]

1714154135

[1714154135]

1714154135

[jaberwock]

Newbie to advance? I think that was too fast and it seems you skipped something. I forget the term but there is next after a newbie and before being advanced or pro. 1 year is long but it's up to you if you will use this only to learn, observe and practice. I think after that, you will become a very good trader but you must still start trading with smaller amounts because it was still your first time.

If you feel that you're doing good or you are familiar on the platform that you're using, that's the time to up your game. Using our own start is nice but it's not bad to see how other traders doing with their trades. You can interact with them and exchange ideas to improve your trades both.

I would say that a person's advance knowledge about finances before they get into crypto plays a big role in this speed. If they are great at math, and a financial wiz, then they are going to be amazing at crypto as well and wouldn't take long to figure it out. I had a friend who managed to turn a small amount to a giant amount in 3 years, I am talking about like less than his rent to never work again amounts in 3 years, all thanks to him being a great financial worker before he got into crypto. Obviously he retired, because he has millions, but that means he moved from newbie to never working again levels so quickly and that is possible.

[doomloop]

there is no expert who immediately masters a field without starting a hard struggle at the beginning when they are still a newbie, you are a newbie in trading now and losses are a natural thing to experience, it is impossible for you to immediately make a profit.  but now there are many trading mentors that you can make as your teacher, but you have to choose wisely the mentor who will teach you, also look at his track record, that's important.

But, what if they fake their records? It's easy for someone to do it online but what would their motive be if they will do that. Only to make someone else lose? But I don't think they can get a benefit of doing that. Ah I know, maybe, they fake their records and then sell some books or courses but for our safety, it's better to buy only on the official stores and always check if they are verified.

Hiring a mentor will make things easier for a newbie but one must prepare a good amount of money because they can be a little costy. If we are poor, we have no choice but to go on the traditional and hard way. That's fine though and they say that the hard way is more beneficial.

[abel1337]

Newbie to advance? I think that was too fast and it seems you skipped something. I forget the term but there is next after a newbie and before being advanced or pro. 1 year is long but it's up to you if you will use this only to learn, observe and practice. I think after that, you will become a very good trader but you must still start trading with smaller amounts because it was still your first time.

If you feel that you're doing good or you are familiar on the platform that you're using, that's the time to up your game. Using our own start is nice but it's not bad to see how other traders doing with their trades. You can interact with them and exchange ideas to improve your trades both.

I would say that a person's advance knowledge about finances before they get into crypto plays a big role in this speed. If they are great at math, and a financial wiz, then they are going to be amazing at crypto as well and wouldn't take long to figure it out. I had a friend who managed to turn a small amount to a giant amount in 3 years, I am talking about like less than his rent to never work again amounts in 3 years, all thanks to him being a great financial worker before he got into crypto. Obviously he retired, because he has millions, but that means he moved from newbie to never working again levels so quickly and that is possible.

True I have known some personalities that have financial background and some trading background from forex, They got quite profitable in crypto hype train last year the figures they are trading are much more larger than my trading volume. We all have some qualities that helps us on trading like our educational background, personal network, and personal finance. 

[Vaskiy]

Trading has got the ability to make you rich, but some believe it as a way to turn themselves rich immediately. It has happened with different users, but we can't expect the same to happen with us. Those are big bag holders who risk big to make big. Another thing there'll be people who state that they made big money out of $10 which is also false statement. In today's market it is impossible to make such thing. Learn yourself, experiment yourself, experience yourself and automatically trading brings profit.

[Nrcewker]

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.

By the term “rich” what do you mean?
In your opinion how much money is sufficient for you to become rich ?
There is not ending to a person’s need, so your statement is meaningless according to me.

So if you ask me if a newbie can make money with trading or not?
Then i can say, surely you can make.
All you need is just to analyse the market and good predictions.
You can also join some paid calls group though it’s not recommended for trading.

[blackened515]

Newbies usually finds it difficult to make profit in trading. This is because they are not experienced enough, and some also gets into trading with knowing what trading is all about. Which results to them losing large amount of money. There are youtube videos online which can probably guild you on how to avoid losing consistently. Once a trader have a good strategy, learns how to deal with greed. He/she will surely make good profit.

[YOSHIE]

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.

Crypto trading is relatively risky, for that learning and trading knowledge is much more important for beginners.

Basically crypto trading is the same, buying and selling crypto that he trades, only the difference is the knowledge he has, market developments, analysis, Up and down charts also need to be understood to generate the expected profit.

The bottom line: never take trading lightly and trivially, some methods also need to be done.
For example:
Crypto Trading Strategies You Need To Know.

[Synchronice]

But what to do when the month turned out to be unprofitable? You have less money, you have not earned anything, but you still need to withdraw something from your trading account, because you have mandatory monthly expenses.

I usually hear people say that trading is a very stressful job and one can't work and trade at the same time but what you point out there is an advice that everyone needs who thinks the way I described.

No one can become rich in traditional trading, if you don't own the game, then you lose! Whales and the big players own the game, they are getting richer because the people who aren't them but seeks the gains, always fail. I think that everyone except whales and big players are newbies, how can I call someone pro who is a puppet in someone's game? Investment, long-term investment is the key to success but it can be even more successful if you turn long-term investment into, let's call it quarterly trading. There are 4 seasons in a year, I think it's easier to buy low & sell high, grow your assets when you trade like this and don't follow the panic,a don't allow income pressures to significantly affect your decisions and mental state of wellbeing.

[Munir575]

There are lots of ups and downs associated with trading, it is very risky and needs time and dedication to gain enough experience. It is hard for you to be a trader and not loose funds in your early days of trading, it happened to me when i started trading, i lost alot of money before i later decided to set aside an amount of money i could afford to loose. It took me time but in the end i was able to learn. All I'm saying is your experience is all that matters just get yourself familiar with the basics and be ready to loose some money otherwise go for investment just as @ratimov advised.

[superman184]

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.

Of course you can, but it all has to be based on trading knowledge and patience, because in Crypto trading anything can happen.
but never retaliate for the losses you suffer, because it will cause greed to cause losses.
trade as usual with the knowledge learned, slowly the profits will come.

[GigaBit]

The trader does not trade depending on whether he is experienced or inexperienced. Anyone can trade. A new trader has relatively little knowledge which makes it a little difficult to make the expected profit otherwise the experienced ones comparatively get more then Inexperienced. If you have enough capital and at least have basic knowledge it is possible for you to get high reward.

[Leebabe]

Trading is definitely a risky game for everyone be it a newbie or not. Those that have become rich through it were once newbies who took the risk. Some where very fortunate in one way or another but some even after failing kept on trying, tried to get more knowledge and understand about how it works probably through different courses and good mentoring and have gotten rich through it. So no doubt  newbies can get rich through it but at the same time become worse than they once were if they fail to adopt and follow certain rules of trading.

[FlamingFingers]

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.

Yes newbie can, as a newbie don't ever try leverage trading, the best is to trade degen coins or just buy and hold, one thing that I've studied about crypto is that if you are in a coin early enough you are bound to reap immensely from such coin, all newbie need is the right information, get in before the hype, forget about Technical analysis, Fundamental analysis superceed it, lots of newbies made good money from Shiba inu,

[FatFork]

Most newbie cryptocurrency traders feel there is an endless wealth to be had in the virtual currency world, although it is becoming harder for new traders to find opportunities to profit. but, the newbie traders who are just entering the market are usually oblivious to the risks and have an aim to make quick money out of it.

As a new trader, one should be careful about the known risks involved in trading in this domain. These include the significant risk of losing one's money. While trading cryptocurrencies does not guarantee you a profit, it is often perceived that the quick returns can earn traders millions. However, in order to get to that level of success, you would need to become an expert in the domain, learn the tricks of the trade, invest enough time and patience, and avoid any impulse trading, such as buying or selling at the wrong time. You will need to have a significant amount of trading experience to make any significant profits.

Will this allow you to become rich overnight? No, probably not.

[Ludmilla_rose1995]

****

Yes newbie can, as a newbie don't ever try leverage trading, the best is to trade degen coins or just buy and hold, one thing that I've studied about crypto is that if you are in a coin early enough you are bound to reap immensely from such coin, all newbie need is the right information, get in before the hype, forget about Technical analysis, Fundamental analysis superceed it, lots of newbies made good money from Shiba inu,

leverage trading is not recommended for newbies, I see many newbies who try leverage trading but end up losing because they still lack experience. it's better to be a flexible trader, you only buy when the price goes down and sell when the price goes up, sounds easy but it's actually quite difficult because of that you have to train your emotions and trading skills.

[Xxmodded]

****

Yes newbie can, as a newbie don't ever try leverage trading, the best is to trade degen coins or just buy and hold, one thing that I've studied about crypto is that if you are in a coin early enough you are bound to reap immensely from such coin, all newbie need is the right information, get in before the hype, forget about Technical analysis, Fundamental analysis superceed it, lots of newbies made good money from Shiba inu,

leverage trading is not recommended for newbies, I see many newbies who try leverage trading but end up losing because they still lack experience. it's better to be a flexible trader, you only buy when the price goes down and sell when the price goes up, sounds easy but it's actually quite difficult because of that you have to train your emotions and trading skills.

Not good ideas recommended beginner or newbie with higher leverage trading or use future kinds for trading because they still not understand with chance make fund loss. But less expectation with all beginner minds why when entering on cryptocurrency always asking " could be rich with trading? I know is not fault but how come can be rich with less knowledge and little fund bring for trading assets. Better learn step by step and know with risk first before talking about become rich with trading. But is not wrong when have dreaming become rich on cryptocurrency trading.

[RILWAN]

****

Yes newbie can, as a newbie don't ever try leverage trading, the best is to trade degen coins or just buy and hold, one thing that I've studied about crypto is that if you are in a coin early enough you are bound to reap immensely from such coin, all newbie need is the right information, get in before the hype, forget about Technical analysis, Fundamental analysis superceed it, lots of newbies made good money from Shiba inu,

leverage trading is not recommended for newbies, I see many newbies who try leverage trading but end up losing because they still lack experience. it's better to be a flexible trader, you only buy when the price goes down and sell when the price goes up, sounds easy but it's actually quite difficult because of that you have to train your emotions and trading skills.

The problem is not with leverage trading because if a trader properly set a low leverage the liquidation price will definitely be far and that will give potential profits, but if a newbie get too greedy by setting a high leverage it will increase the risk in higher percentage which will aid easy loses.

[boty]

****

Yes newbie can, as a newbie don't ever try leverage trading, the best is to trade degen coins or just buy and hold, one thing that I've studied about crypto is that if you are in a coin early enough you are bound to reap immensely from such coin, all newbie need is the right information, get in before the hype, forget about Technical analysis, Fundamental analysis superceed it, lots of newbies made good money from Shiba inu,

leverage trading is not recommended for newbies, I see many newbies who try leverage trading but end up losing because they still lack experience. it's better to be a flexible trader, you only buy when the price goes down and sell when the price goes up, sounds easy but it's actually quite difficult because of that you have to train your emotions and trading skills.

its only work traders that experienced in spot trading and have good trading result, maybe more than 70% win rate and continuely gain for more 1 year could start in future trade. due its risk that high,newbie was not adviced using future trade feature, its ture we could earn profits hundred percents in each trade, but we also could loss our balance easily moreover if not use proper money management. we will get love mail from binance about liquidation.

[Wakate]

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.

This is a critical question that needs good explanation to answer it. It's just like asking if it's necessary to have money before building a house. To become rich in trading the trader needs to have known how the market works. I don't see any possibility here.
 A newbie can not become rich in trading. They need to learn the necessary things that is required. Experience is necessary in trading so trading without good experience can lead to lose of fund and newbies can not achieve this with knowing how to trade very well.