it is possible I guess ..but you going to risk a lot ... basically going "all in" every trade ...
I would instead learn more about risk management, capital preservation, etc ...
Topic: . - page 2. (Read 947 times)
Is it possible to turn 50$ into 500$ with just 1 month by trading cryptocurrency? I would love to know and would love to have some good advise regarding this cause I am willing to do trades and I have never done any trades in cryptocurrency before any advise and suggestion would be awesome. I would also like to know about brokers.
That's going to be hard to do but I won't say it's impossible. There would need to be some significant fluctuation in price of a coin in that month and you would need to time your trades well. Even then, making 10 times your original investment is a huge profit and would be very hard to do.
Though very rare and the god of cryptocurrency has to be with you before you can make over 500% in just a month. As a trader I have make 200% in a week but in a long run loses part of it and after reconciliation I do end up around 100% profit. It is very risky and the place you can get $500 from $50 is through gambling if you know on the inherent risk in it.
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