Can newbie become rich with trading

[stomachgrowls]

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.

If we do talk about the basics or starting up from scratch then its really hard to make yourself a millionaire or rich with gambling yet this one would require big capital for you to place up big bets or positions

thats why it would really be relevant on having that bigger capital rather than on starting up with few dollars or hundreds but we cant really deny that there are noobs who do possess soo much money
whether its inheritance or simply those early adopters in the market but there's no point on doing trading if you are rich.

So if you do make yourself having this kind of goal or target then you should really work hard for it.

[MommyElsa]

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.

based on my experience, a newbie without any experience and knowledge about trading may not earn with trading but  will only be lose more money. A new trader suffer a lot of bad decision but it depends on your how you control yourself when the cryptocurrency is not in good terms

[SystemTrader]

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.

well it requires a lot of effort, time and hard work and experience as well. That is one of the main reasons why most novice trader end up blowing  up their account, they think if they spent a month or so they start getting rich quickly with trading. Those who manage to be profitable are people had been training themselves for years both in terms of knowledge and psychologically.

[LUCKMCFLY]

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.

based on my experience, a newbie without any experience and knowledge about trading may not earn with trading but  will only be lose more money. A new trader suffer a lot of bad decision but it depends on your how you control yourself when the cryptocurrency is not in good terms

They are absolutely right, for me a novice should not trade if they do not have knowledge, always when one is a novice what they think is that, to get rich and they do not see anything wrong with trading, everything is rosy and that is a big mistake, for me what you should do is have control of your emotions and take a break, think that everything should be done slowly with patience because otherwise the safest thing you have is to lose money, I have seen many think They will get rich and what they achieve is that they do not trade anymore because of the disappointment.

[virasisog]

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.

based on my experience, a newbie without any experience and knowledge about trading may not earn with trading but  will only be lose more money. A new trader suffer a lot of bad decision but it depends on your how you control yourself when the cryptocurrency is not on good terms

It will take a long time for a person to learn everything about trading. As a newbie, it will be a big risk to trade without enough knowledge and experience. It needs a broad knowledge so a newbie must undergo a process of learning first. Yes, entering it without knowing at least the basics could make you lose more.
It will need a lot of courage, patience, and emotional control because there are lots of aspects that you have to consider first before doing trading. Getting rich shouldn't be your first goal because that could lead to greed but rather understanding how trading works.

[smartaction]

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 see trading as a tool to get rich quickly. Which is giving birth to a greed in your mind. Trading is a legitimate business where you have to be patient and control greed. Otherwise it will throw you on the road.  And you will lose your investment. you can follow Trading signal from expert  group or you can bought top & value coin and hold for long term like Bitcoin, Ethereum, BNB for example. It will give you a good return in future

[Fatunad]

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 see trading as a tool to get rich quickly. Which is giving birth to a greed in your mind. Trading is a legitimate business where you have to be patient and control greed. Otherwise it will throw you on the road.  And you will lose your investment. you can follow Trading signal from expert  group or you can bought top & value coin and hold for long term like Bitcoin, Ethereum, BNB for example. It will give you a good return in future

You are definitely right on this one on which if you do have that kind of perception on which you do think about easy profits or something in related then this would really poke up that being greedy of yours
considering that humans are naturally greedy then its likely that would really be poke up  when you do already have that intention in mind of becoming rich or you could make profits
in a shortest time as possible but we know that this isnt how the market works on which you would be hardly able to do so when you are on the actual situation.
It would be still involving  lots of errors before acquiring such state.

[Markinzo]

Make no mistake for twith such inquiry in addition to you being a newbie some persons might want to use your gullibility against you. How? Be mindful as you might likely be getting some PM for ways, how or where to invest in to so as to start making it big.

Another thing I observed from the OP question as a newbie is like there's an atom of impatient in you, which is not good for an investor especially when it comes to cryptocurrency investment and trading. As there are times the market trend may seem like is going to be bearish all through without any inch of a bull market, and this could take for long as the caseay be. So with an impatient person your level of frustration may be unimaginable.

So think before you leap!

[LUCKMCFLY]

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.

based on my experience, a newbie without any experience and knowledge about trading may not earn with trading but  will only be lose more money. A new trader suffer a lot of bad decision but it depends on your how you control yourself when the cryptocurrency is not in good terms

Yes, eventually a rookie who comes with the thought of getting rich is being very innocent, maybe he comes referred from some kind of influencer who has shown him a kind of life that he is living with cars, women, a big house and even a lambo, those kind of rookies who believe that they will get rich quickly are the first to lose their money and be left with nothing, this is where they can fall into total depression or addiction, it is something similar to what happens to players in gambling, they want to win just by luck and always win that way.

[GelatikKembar]

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.

based on my experience, a newbie without any experience and knowledge about trading may not earn with trading but  will only be lose more money. A new trader suffer a lot of bad decision but it depends on your how you control yourself when the cryptocurrency is not in good terms

Yes, eventually a rookie who comes with the thought of getting rich is being very innocent, maybe he comes referred from some kind of influencer who has shown him a kind of life that he is living with cars, women, a big house and even a lambo, those kind of rookies who believe that they will get rich quickly are the first to lose their money and be left with nothing, this is where they can fall into total depression or addiction, it is something similar to what happens to players in gambling, they want to win just by luck and always win that way.

Be it in trading or investing it takes a lot of preparation because it is not that easy to make a profit in crypto,
newbie traders need to learn everything that has to do with crypto,
because if we only rely on luck, sooner or later it will make us lose money easily

[kotajikikox]

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 is hard to understand once you are not really into trading because if you are a right person for trading then you will go deep into matter and make it real for the funds you wanted to invest for.

Trading might be hard, but it is something that can be a big earning place mate.

Buy the coin you Know will increase and be ready if this will continues to drop and will earn once you earn at least 30% above .

[Quidat]

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 is hard to understand once you are not really into trading because if you are a right person for trading then you will go deep into matter and make it real for the funds you wanted to invest for.

Trading might be hard, but it is something that can be a big earning place mate.

Buy the coin you Know will increase and be ready if this will continues to drop and will earn once you earn at least 30% above .

Always set selling points and target so that you would be at least having those times on which you would need to act and secure whenever you do gain up.
Being rich could really be possible with trading but you shouldnt make yourself mind about it because it would eventually create that kind of desperation
in mind.The thing you should mind is on how you would really be making yourself to be that sustainable because the rest would be normally be following
which is to make money as much as you could since you do know on what you are doing.

[Awwal08]

Trading can make a newbie wealthy. In trading, there is no such thing as a 100 percent expert. Trading, in my opinion, is a game that everyone can win. It's just a game of chance. Simply put, if you've been doing it for a long time, you'll have an advantage over a newbie due to your prior expertise.

[Shasha80]

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.

based on my experience, a newbie without any experience and knowledge about trading may not earn with trading but  will only be lose more money. A new trader suffer a lot of bad decision but it depends on your how you control yourself when the cryptocurrency is not in good terms

Yes, eventually a rookie who comes with the thought of getting rich is being very innocent, maybe he comes referred from some kind of influencer who has shown him a kind of life that he is living with cars, women, a big house and even a lambo, those kind of rookies who believe that they will get rich quickly are the first to lose their money and be left with nothing, this is where they can fall into total depression or addiction, it is something similar to what happens to players in gambling, they want to win just by luck and always win that way.

Be it in trading or investing it takes a lot of preparation because it is not that easy to make a profit in crypto,
newbie traders need to learn everything that has to do with crypto,
because if we only rely on luck, sooner or later it will make us lose money easily

Because in my opinion it is not easy to consistently make profits from trading, so it takes really good preparation. And most newbies usually
trade only influenced by other people and they usually don't have a good preparation when trading. Even I, who have experience trading crypto,
still haven't become rich, so for a newbie to get rich from trading it's something difficult to happen. If there are newbies who trade crypto and
then get rich, they are just lucky. Because most newbies when trading will experience losses, because it is a fact that newbies trade without
preparation. This means that to get rich from trading crypto is something that is very difficult, because we really have to prepare everything well
and the process is usually quite long. Can't get rich instantly from trading crypto.

[niceli]

Newbies could get rich only if they are in a very high hyped lucky situation. This means that if they are in a big bull run and make a good chunk of investment and get lucky, they could totally get rich. I have met with so many people who invested 10k-15k during the bull run of 2021 and to some veeeery stupid coins, and yet they became very rich. With DeFi also allowing you to get in early and stake, that meant that you may have bought 10-15k worth of tokens, but with staking you held like 20-25k right away in first couple of days because of high stake returns. Then the price went x10 and you had 200-250k suddenly in a week or two. This wasn't rare, it happened quite frequently as well.

This of course is not suggested, its a very risky move and majority of people ended up being in a rug pull instead.

[Fatunad]

Newbies could get rich only if they are in a very high hyped lucky situation. This means that if they are in a big bull run and make a good chunk of investment and get lucky, they could totally get rich. I have met with so many people who invested 10k-15k during the bull run of 2021 and to some veeeery stupid coins, and yet they became very rich. With DeFi also allowing you to get in early and stake, that meant that you may have bought 10-15k worth of tokens, but with staking you held like 20-25k right away in first couple of days because of high stake returns. Then the price went x10 and you had 200-250k suddenly in a week or two. This wasn't rare, it happened quite frequently as well.

This of course is not suggested, its a very risky move and majority of people ended up being in a rug pull instead.

If you do pertain about low cap coins and been suddenly pumped or moon then chances on getting rich wont really be precise unless if you had invested big and then gained 1000x of the said coin then that would surely
be a big hit but not all we do have that kind of chance on which since outcomes and results will really be depending on how someone would be dealing up with price volatility of the coins that you had purchased.
Newbie could potentially make themselves rich but its not recommendable to touch up low caps or not known projects in the market.The odds or chances of losses is high
so dont hurry up yourself on making profits.

[Piesel]

Newbies could get rich only if they are in a very high hyped lucky situation. This means that if they are in a big bull run and make a good chunk of investment and get lucky, they could totally get rich. I have met with so many people who invested 10k-15k during the bull run of 2021 and to some veeeery stupid coins, and yet they became very rich. With DeFi also allowing you to get in early and stake, that meant that you may have bought 10-15k worth of tokens, but with staking you held like 20-25k right away in first couple of days because of high stake returns. Then the price went x10 and you had 200-250k suddenly in a week or two. This wasn't rare, it happened quite frequently as well.

This of course is not suggested, its a very risky move and majority of people ended up being in a rug pull instead.

Not everyone get that lucky, i have seen some forks who made huge profits during the early ico days and at the moment lost everything to defi and the rest of the new developments in the industry. Let's be subjective and try to look out for projects that have a future perspective and not just an over-hyped project.

[bitcrystal]

First you have to understand some technical analysis and then apply it. It also depends on the kind of trader you want to be maybe a day trader, short term trader or long term trader and so on. These will determine how much skills you need, and also you need to trade to really learn trading. After understanding many technical analysis instruments you will then research on good coins to trade with good volume, utility base on your research metrics and classify them into how the type of trading you want to do. Start with spot trading   you can search for many free tutorials on YouTube and learn patiently from them. Journalise your trading.

[Piesel]

The technicalities in trading make it almost impossible for newbies who do not know how to do technical trading to make any profits from the trading at the beginning, trading is not like gambling one can rely on luck in trading you need to do a technical analysis of your trading position.

[bhooscream]

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.

Every trader has the chance to be rich both new and old traders. However, since you are a newbie or a beginner, don't expect too much on big achievement in trading. You must understand that in any business, the newbie level is the level to focus on learning, not to expect the biggest goal. If being rich is your biggest goal in trading, you can expect it once you have experienced enough as a crypto trader for some years. For me, you are too early to expect being rich.