Can newbie become rich with trading | Bitcointalksearch.org

Mr.right85

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Quote from: RILWAN on April 18, 2022, 12:29:20 PM

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 think we've been too one sided on this story. What am about yo suggest might seem like the same thing since, it ends in your making profit but, you might take a different approach towards your trading and I think that would help.

Maybe we could shift our focus from making profit to time and be focused on not making loses. By not making loses, your inversely making profit and with that been th goal all along, your good. You would find yourself doing more of take profits and every penny that you manage to make out of the market is a win for you. It might seem like a penny but, its in the accumulation that the value is revealed!

Genamant

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Quote from: RILWAN on April 18, 2022, 12:29:20 PM

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 would likely to encourage newbies to start learning and connect with people with the same passion and interest.
keep on learning and also know how to manage your profits...
having the knowledge to have money is different from how you can save it and make it grow. Secure both.

sklopan

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There is a very thin line between experience and results. Undoubtedly, a beginner can get a good result from the first transactions, but the question is whether he will be able to properly dispose of this profit in the future?

crytolad

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Quote from: RILWAN on April 18, 2022, 12:29:20 PM

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 and anyone despite his/her designation or experience can become rich from trading cryptocurrencies. All one need is to know the right project to invest, have a very good strategy and be disciplined.

Rigon

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Quote from: RILWAN on June 17, 2022, 11:23:00 AM

Quote from: ?? on ??

Yes, a novice can become wealthy through trading. However, there are a few things to keep in mind. Before you begin, you should educate yourself. Joining a crypto signals group (offered by MyCryptoParadise) where you can get signals to make money is also beneficial.

Thank you for this awesome reply as the place of education is very important in this kind of situation as trading is not like gambling that one can get lucky to win some lottery without doing anything. Trading needs education and that is what we must have before setting out to start trading.

Yes trading is not like gambling. You must have a lot of knowledge to trade. If you have no knowledge about trading then you will make a lot of losses on the trading platform.But sometimes newbie make money from trading platforms, but that can be a joke.For many, good times are favorable, which is why they can benefit from trading platforms.

Tellek Garing

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Quote from: Bhig Daddy on June 18, 2022, 04:58:42 AM

From your post it indicates that you looking for a shortcut to success, making making off bitcoin takes plenty of patience, practice and a lot of reading. In bitcoin you can't just become rich over night. So just try and read a lot of articles and watch a lot of videos too.

I like this advice, knowledge is very important in any aspect of life and once you can build your knowledge around Bitcoin, whatever aspect of it you choose you will do well. Take trading for instance once a newbie is ready to go through all the necessary training and acquire the relevant skills. making profits easy but this all required alot of time and reading as you have said.

Mahanton

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Quote from: Lordhermes on June 18, 2022, 11:18:44 AM

There is no name here that specify the type of people that can get rich here or the people who cannot get rich out of trading,it all depends on how you go about it,when you started trading,and how consistent you are in trading.

Every newbie that really wants to excel in crypto or trading must read and do thorough research about when to trade and how to trade.So every person has an equal chance of succeeding in trading all you need to do is just to try.

Yes, there's no type on whose the one to become rich in trading which it's really understandable that the ones who are experienced.or knowledgeable will really be having the high chance on getting that kind of situation status when it comes on becoming rich even though nothing is assured or having that sureness for it to happen but you can't really able to make yourself grasp that possible chance.If you do just know on how to sustain yourself into the market or able to survive with this very volatile and unpredictable market then all possibilities are there but don't expect or anticipate for it to happen.

Lordhermes

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There is no name here that specify the type of people that can get rich here or the people who cannot get rich out of trading,it all depends on how you go about it,when you started trading,and how consistent you are in trading.

Every newbie that really wants to excel in crypto or trading must read and do thorough research about when to trade and how to trade.So every person has an equal chance of succeeding in trading all you need to do is just to try.

Bhig Daddy

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From your post it indicates that you looking for a shortcut to success, making making off bitcoin takes plenty of patience, practice and a lot of reading. In bitcoin you can't just become rich over night. So just try and read a lot of articles and watch a lot of videos too.

Rockstarguy

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Quote from: Awwal08 on June 15, 2022, 05:03:30 PM

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.

Trading is not for one that if one has been into trading for a longtime, it does not guarantee one to be expert or perfect. Trading is about learning and consistency .

Quote

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.

Trading is about practice and learning, doing it for a longtime without trying to learn to have knowledge may not result with good outcomes at the end of every trading .

RILWAN

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Quote from: ?? on ??

Yes, a novice can become wealthy through trading. However, there are a few things to keep in mind. Before you begin, you should educate yourself. Joining a crypto signals group (offered by MyCryptoParadise) where you can get signals to make money is also beneficial.

Thank you for this awesome reply as the place of education is very important in this kind of situation as trading is not like gambling that one can get lucky to win some lottery without doing anything. Trading needs education and that is what we must have before setting out to start trading.

bhooscream

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Quote from: RILWAN on April 18, 2022, 12:29:20 PM

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. Undecided

Piesel

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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.

bitcrystal

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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

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Quote from: niceli on June 15, 2022, 05:36:36 PM

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.

Fatunad

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Quote from: niceli on June 15, 2022, 05:36:36 PM

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.

niceli

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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.

Shasha80

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Quote from: GelatikKembar on June 12, 2022, 11:00:15 PM

Quote from: LUCKMCFLY on June 12, 2022, 09:41:06 PM

Quote from: MommyElsa on June 01, 2022, 07:53:33 PM

Quote from: RILWAN on April 18, 2022, 12:29:20 PM

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.

Awwal08

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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.

Quidat

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Quote from: kotajikikox on June 13, 2022, 01:17:20 AM

Quote from: RILWAN on April 18, 2022, 12:29:20 PM

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.

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