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Author Topic: Can newbie become rich with trading  (Read 1938 times)
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May 25, 2022, 01:31:04 PM
 #201

There is no such thing as one day learning. If a new trader want to earn a lot and want to become rich, just invest more and earn more but you cannot earn by doing nothing like learning on how to trade, invest and earn
Just invest more and earn more? Oh please, how easy that would be. If only trading is that easy then we're not gonna see those newbies that lost pretty much all of their assets because of how uneducated they are about how trading works, in this case cryptocurrency trading. But sadly, that's how it is. Newbies tends to believe that trading is such an easy task, especially if they're only following some random dude online that says they made it big in a few days and voila. But making mistakes is a good way to learn the harsh truth about trading. So, lessons learned, hopefully when that mistake happens.
what a beginner thinks in crypto asset trading is to get as much profit as possible quickly. that is wrong thinking.
there might be 1:100 beginners who get that luck. but I still have doubts.
There's a lot to learn in trading. most beginners follow the advice of others to start trading. as long as they learn theory and tools that beginners can use I guess that would be great.



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May 25, 2022, 01:38:06 PM
 #202

There is no such thing as one day learning. If a new trader want to earn a lot and want to become rich, just invest more and earn more but you cannot earn by doing nothing like learning on how to trade, invest and earn
Just invest more and earn more? Oh please, how easy that would be. If only trading is that easy then we're not gonna see those newbies that lost pretty much all of their assets because of how uneducated they are about how trading works, in this case cryptocurrency trading. But sadly, that's how it is. Newbies tends to believe that trading is such an easy task, especially if they're only following some random dude online that says they made it big in a few days and voila. But making mistakes is a good way to learn the harsh truth about trading. So, lessons learned, hopefully when that mistake happens.
what a beginner thinks in crypto asset trading is to get as much profit as possible quickly. that is wrong thinking.
there might be 1:100 beginners who get that luck. but I still have doubts.
There's a lot to learn in trading. most beginners follow the advice of others to start trading. as long as they learn theory and tools that beginners can use I guess that would be great.

There is a saying that "just get some bones in the market". It means that you just gain a profit, not big, not too small, but just enough for you. Don't be greedy because you can't get all of the money in the market. Set a target profit and after you get it, you'll stop on that day. Beginners' luck? It isn't always working in trading because it isn't a gamble that you are relying on luck. You need to learn and gain some knowledge when it comes to gambling.
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May 25, 2022, 04:08:41 PM
 #203

There is a saying that "just get some bones in the market". It means that you just gain a profit, not big, not too small, but just enough for you. Don't be greedy because you can't get all of the money in the market. Set a target profit and after you get it, you'll stop on that day. Beginners' luck? It isn't always working in trading because it isn't a gamble that you are relying on luck. You need to learn and gain some knowledge when it comes to gambling.
I may be too stupid to understand the saying, but yes it might be useful because profits can only be achieved if one is smart enough to maximize the opportunities. It doesn't take much because a little is still profitable, but of course we shouldn't pick up trash that is expected to be profitable in the future. What does it mean? This means that we also need to do an analysis before taking advantage of the opportunities that exist.

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May 25, 2022, 09:13:49 PM
 #204

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.

For newbie, i think trading is all about learning, not making profit. it is like you driving a car.. You are still enwbie in driving, but wanna go to highway instead.. well.. you know the rest Smiley
first year of trading must be filled with learning. i.e Psychological, Risk Management, after that, go advancing to strategies and technical things..
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May 26, 2022, 06:03:03 AM
 #205

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 by trading coins and what manual can be followed.
I will not advise a newbie who has no trading experience to venture into trading because you're going to lose your hard-earned money. You can start with a Youtube video to get pre-trading knowledge, don't pay attention to anyone asking you for funds yet because you can learn few tips by yourself before going for onsite classes. Get the knowledge first before you think of making profit.
trading is indeed a difficult thing for a newbie to understand, but I think a newbie can still make some profits there. but can newbie get rich from it? In general you can but it's very difficult. You may need special skills to make money in the world of trading without much knowledge there. even, people who have been trading for a long time still often get into trouble. however, the best recommendation is simply to learn the basics of trading first. a newbie who trades without the right knowledge is just like gambling in the world of trading. you can be rich if you are lucky.

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May 26, 2022, 09:52:25 AM
 #206

Another topic where a newbie need a motivational reply that he could become rich in crypto by making low effort? Indeed a newbie can become rich if he is lucky to buy altcoins at low and be on time to sell at ATH. But I dont believe that newbie has a lucky four-leaf clover and does only profitable trades. Besides, after a first trade, he is no longer a newbie, but an experienced trading platform user. Which means that for newbie to become rich, his very first trade must be extra profitable. You cant buy something few dollars nowadays, and sell it for billions. That means newbie needs to have a huge balance to trade and become rich. Those who have a lot of money for trades, can afford to hire a professional trader or an analyst. Conclusion - newbie can not become rich through trading imo.

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May 26, 2022, 12:15:41 PM
 #207

It has my opinion' i think never possible for a newbie member to get quickly rich from trading session beacuse for trading you should start increasing your knowledge then you will be rich. Although there are no enough knowledge about tradin for a newbie person so how he/she could make profits! However firstly newbie can Study more about trading corporation then they will make something. I can't tell you trading easy step beacuse i was learning trading almost fours years over but i have no enough skills
I also agree with your point of view that it is almost impossible for a newbie to get rich quick in trading, because a trader is almost tantamount to the word knowledgeable and experienced. In order for a trader to be successful, one has to understand a lot of issues and nuances, which a beginner can't do because of the lack of necessary knowledge and experience. It seems to me that a newbie member should start by acquiring the qualities of a trader, and not by chasing wealth as early as possible. First focus on improving skills, and only then focus on profits. When a beginner is ready to become a full-fledged trader, then he will be able to earn his wealth.

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May 26, 2022, 01:14:17 PM
 #208

It has my opinion' i think never possible for a newbie member to get quickly rich from trading session beacuse for trading you should start increasing your knowledge then you will be rich. Although there are no enough knowledge about tradin for a newbie person so how he/she could make profits! However firstly newbie can Study more about trading corporation then they will make something. I can't tell you trading easy step beacuse i was learning trading almost fours years over but i have no enough skills
I also agree with your point of view that it is almost impossible for a newbie to get rich quick in trading, because a trader is almost tantamount to the word knowledgeable and experienced. In order for a trader to be successful, one has to understand a lot of issues and nuances, which a beginner can't do because of the lack of necessary knowledge and experience. It seems to me that a newbie member should start by acquiring the qualities of a trader, and not by chasing wealth as early as possible. First focus on improving skills, and only then focus on profits. When a beginner is ready to become a full-fledged trader, then he will be able to earn his wealth.
for investing, it is possible for newbies to become rich, by choosing coins that have the potential to pump, because they are just waiting or forgetting to invest so that during the bullish season they can harvest it. It's different for trading, where luck can't come repeatedly, because they don't have good trading knowledge, because you have explained the conditions for success in trading that way. therefore the need for experience to gain trading knowledge

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May 27, 2022, 01:33:31 AM
 #209

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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 most of the time here is with the lever setting because if a trader correctly sets it to low lever then here
Liquidation will be far away from the priceless home, but there is a small profit, but there is no rickshaw here. I guess they're all going to lose him

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AicecreaME
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May 27, 2022, 03:51:12 AM
 #210

In general, a trader has every chance to get good money as a result of working in this niche. For example, I started working with a broker from AMarkets on a demo account in order to get a positive result.

What happens in your demo account will be entirely different if you're gonna use your real account, real money in trading. The pressure is on another level because you're gonna lose your money if you made a bad decision. Trading without any sufficient knowledge but you got rich in a short period of time in stock trading for example is called lucky, like you randomly bought a coin then it pumps like crazy the other day or week.
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May 27, 2022, 04:36:54 AM
 #211

Being rich in trading does not determine whether you are a newbie or not,as long as you have the experience about trading,and you do the right things you are suppose to do,there is chances that you can become rich.But one thing I know,and you will always bare in mind as a newbie is that trading comes with risk,if you are not determine to loose,never think about trading,because you will end up being depressed as a result of loss of money.
Everybody has a chance of being rich,if he trades on a better coin that yields good result.
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May 27, 2022, 05:59:50 AM
 #212

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.
Literally speaking, if you have enough money to bu coin in any of the exchange site platform, surely there is a high chance fpr you to earn big and loss as well if you will become neglectful, but of course you need to knowledgeable here in the crypto space first to achieve your goal being one of the crypto traders.

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sensimilia
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May 27, 2022, 05:14:49 PM
 #213

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.
Here you can do it if you want but what you have to do to do it if you don't have any knowledge about trading then you will have a hard time doing it.  There is nothing you can do here, everything will be difficult and if you have ideas, everything will seem very easy to you and you will have a hard time chatting to do it.

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Fatunad
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May 27, 2022, 07:16:09 PM
 #214

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.
Here you can do it if you want but what you have to do to do it if you don't have any knowledge about trading then you will have a hard time doing it.  There is nothing you can do here, everything will be difficult and if you have ideas, everything will seem very easy to you and you will have a hard time chatting to do it.
Everything do needs ample time and effort for you to have a good grasp on everything even though it might not be that simple  but it's not impossible.It is just there are people who are really into rush on which they do really prefer on doing actions on hasty manner which do always result into mistakes and this is where learning and realization do comes next but of course it would really be depending on someone's risk management and emotion handling since not all would really be good at it.

R


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May 30, 2022, 06:39:48 AM
 #215

If you're looking for quick ways to become wealthy, Then I recommend you look for another way to make quick money. Crypto is a game of patience. Making a lot of money as a trader takes time.
Mauser
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May 30, 2022, 07:19:35 AM
 #216

I think it is too risky for a newbie to go big into trading. Sure it sounds nice to be a crypto day trader and make large profits, but those people are professionals. Without any prior knowledge in trading the chances are much higher for you to lose money than to make money. It takes a lot of work and dedication to become successful in trading. Don't get me wrong, if you want to own some crpyto currencies than buy some. Especially big names like BTC or ETH are very good investments, but I would advise against trading them too regularly. It's much better to just buy and hold those coins, you don't need to worry about price movements and transaction costs. My advice for any beginner in the trading world is to first read about it and get some experience before adding a lot of money to your trading account.
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May 30, 2022, 07:35:12 AM
 #217

You are right. Investment is way better way then trading to earn. Notice, I am not saying become rich, as each define differently what is being rich. Trading is identical to working. While when you work, you cant get a negative salary. That is why I think investment is a better solution. You are not limited with time to make a decision when and where to invest. You have all time of the world to make a research. After an investment, you are free to support the project and try to increase its popularity or value.

R


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joeperry
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May 30, 2022, 05:27:52 PM
 #218

You are right. Investment is way better way then trading to earn. Notice, I am not saying become rich, as each define differently what is being rich. Trading is identical to working. While when you work, you cant get a negative salary. That is why I think investment is a better solution. You are not limited with time to make a decision when and where to invest. You have all time of the world to make a research. After an investment, you are free to support the project and try to increase its popularity or value.
This is one of the misconception of some people and even new in the crypto, not because there is an investment opportunity or there is a lot of project you can invest does it mean that your money will going to have a profit there is a lot of projects that you can lose your capital. But the things you said about trading is true that sometimes instead of you having a profit you will get a negative so it is more likely a gambling part as you will be losing and you will be winning not like working where you can have constant salary.

bakasabo
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May 31, 2022, 07:39:43 AM
 #219

Quite possibly, I think. But you need to be prepared for the fact that a beginner has significant risks of losing money. When I first started working with a broker from Amarkets, I paid quite a lot of attention to training.

Quite impossibly I would say. How often do you see a newbie with tons of money? Often newbies dont trade with huge amounts. You cant turn $100-1000 into a million through trading. Your every trade must be profitable and you would have to go all-in in every trade; take huge risks. Through investment - there are chances to turn $1,000 into a $1,000,000. Shiba Inu is a great example. But such opportunities happens once in a century and you must be extremely lucky to be at the right place at the right time.

R


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Wakate
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June 01, 2022, 02:18:36 PM
 #220

I was kicked out of college. I used to work at a fast-food for minimum wage. At night, I would read all I could on investing and daytrading. Currently, I trade for 30 minutes per day and make around $1,000, then spend the rest 192.168.100.1 192.168.1.1 of the day off. AMA
Wow, this is much interesting making a thousand dollars a day without much stress. This is one of the area where trading is much superior to holding. You can hold a coin that worth up to $3k for a year before having a good x or giving you a better profits. Trading is one of the key that could make a trader to be more confident financially than holding. I have seen traders that are making upto $5k to $10k every day which is as a reason of their time been spent in acquiring knowledge.

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