Can newbie become rich with trading - page 11.

dunfida

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Quote from: RILWAN on April 18, 2022, 11:29:20 AM

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 could definitely have that kind of possibility on making yourself rich but it would vary on different factors or circumstances.

1. How well you do trade
2. How much would be your capital
3. Sustain
4. Emotion/Capital management

Dont rush up on doing things because this would result into mistake.

Silberman

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Quote from: RILWAN on April 18, 2022, 11:29:20 AM

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 depends on what you mean by this, if a newbie through their hard work and dedication studies the markets, learns from his mistakes and designs a good strategy then they are not a newbie anymore but their chances of making money with the markets grow significantly, however if you are asking about a newbie actually becoming rich with trading then there is still a chance for this to occur, however it would be because of luck and nothing else, something in which you cannot rely on and that most likely will bring you misfortune and not the riches most people expect as a trader.

youdacapt

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Quote from: RILWAN on April 18, 2022, 11:29:20 AM

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 might not agree with me, but a newbie has not a single business trading. What a newbie should focus on is learning and understanding the concepts behind crypto currency trading while raising capital. Also, there is no manual to trading crypto currency, there is no great teacher idea, the more you learn, the more you know; the more you trade crypto currencies; the wider your knowledge grows. so newbie should take up position of a newbie and learn before trading. Crypto currency trading is not a get rich quick scheme

Cling18

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Yes, it's possible but a newbie still has to go through a lot before he reaches success because, to be honest, trading is a long process of learning. It couldn't be a shortcut to getting rich so it requires hard work, perseverance, and eagerness to learn not just the basics of trading but also all the effective strategies that you could apply. There's a chance for a beginner to succeed but it will still take time.

kamilah147

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all are traders who come from beginners, they have gone through a lot of experience and learned all trading strategies, so it seems easy to make money now. you have to train yourself, by learning more about the market, so that your trading and analytical skills will be maximized well. do well and study hard to be able to trade. because no one gets rich fast.

maydna

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It all depends on how you can work hard to improve your skills in trading, and remember, trading needs a big effort to master the skills, especially skills to analyze the coins. Trading is not about buying low and selling high, but it will have more than how to find the right coins, when to enter the market, etc. Being rich is just a matter, but how can you pass every learning process about trading? And that will not many people can do it because the efforts that I mentioned before will disappear in the middle of the process itself. So you need to think twice about the hard of learning to trade because trading is not as simple as you thought.

zaesvlas

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It is more difficult for a beginner, of course, but in general - the scenario is quite possible. It all depends on the approach to work and the desire of the trader.

NeuroticFish

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Quote from: traderethereum on April 20, 2022, 05:30:15 AM

Anyone can become rich with trading, including a newbie but with terms and conditions.
Before you trade, you should have skills in analyzing the market and choosing the coin you want to trade.
Learning trading needs patience and time to understand the lesson and you must practice what you learn so you can improve your skills in analysis.
You should give time yourself to learn more lessons and get experience from trading itself so you can analyze the market and make a profit.

It's a matter of a lot of learning and also luck. It's a matter of understanding TA and also the psychology behind it and behind every rumor and news coming out.
I don't think that one mastering all this can still be called newbie. Not any longer, by far.

So for OP question the answer is "no".
A newbie will most probably treat crypto trading like gambling where he has a bigger chance to win if he pays a bit of attention to charts. And, if he's careful at the fees and he has entered in a good moment, he will earn some... until the trend changes unexpectedly and loses more than he has earned. Then he will either leave disappointed, either get on to actually learn (and get back to trading when he's no longer newbie), or... start holding...

GreatArkansas

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Quote from: RILWAN on April 19, 2022, 11:21:44 AM

Quote from: RyanSmith23421 on April 19, 2022, 11:13:20 AM

Its not about becoming rich since the beginning.. you have to find your strategy first, even if there are multiple tips and tricks for this, you will eventually find what works for you. With time.

I believe we still have some traders who may have not started on a bad not in the sense that one don't have to lose while learning, you can still gain profits along your learning stage as a newbie.

Most newbies don't really know what is the key to becoming successful traders, some of them after a few trades, especially losses tend to stop their journey in trading.
For me, the key is to be in the game for the long term, capital preservation, and it will lead you to become "rich" in trading, minimizing losses, and maximizing profits.

traderethereum

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Anyone can become rich with trading, including a newbie but with terms and conditions.
Before you trade, you should have skills in analyzing the market and choosing the coin you want to trade.
Learning trading needs patience and time to understand the lesson and you must practice what you learn so you can improve your skills in analysis.
You should give time yourself to learn more lessons and get experience from trading itself so you can analyze the market and make a profit.

fauzan Ichsan

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Quote from: RILWAN on April 18, 2022, 11:29:20 AM

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.

a newbie I think it's hard to get rich from trading results before he becomes a professional, or luck is on his side. if you start from a beginner, I suggest not looking to get rich quick, but we must invest in knowledge to lead us to the treasure that comes from trading later. Get-rich-quick thinking like this is used by marketing to drain customers' money, because they are tempted by instant results and time

Joshapat

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Quote from: RILWAN on April 18, 2022, 11:29:20 AM

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.

.
Anyone has the opportunity to get rich from trading, and vice versa everyone has the opportunity to lose because of trading, in trading there is nothing that guarantees profit so everything relies heavily on luck, of course we also have to learn from many techniques but it never guarantees profit, the easy thing we did when we were newbies was trading on new listed coins.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: RILWAN on April 18, 2022, 11:29:20 AM

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.

A newbie in trading can make profit if they follow the simple math - buy low and sell high. If they dont follow this, they will go into a frustrating cycle of wrong prices to trade at and unending cycles of pain.

Now I dont know why you even speak of "manuals" - the basics of trading can be easily found on many internet sites and there is no guidebook to profit, otherwise everyone would be using that to become rich and there would be no poverty in this world.

Instead, use this basic method to place mid-long term orders. That should be enough to get you started but it will require patience to reach those targets.

RILWAN

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Quote from: RyanSmith23421 on April 19, 2022, 11:13:20 AM

Its not about becoming rich since the beginning.. you have to find your strategy first, even if there are multiple tips and tricks for this, you will eventually find what works for you. With time.

I believe we still have some traders who may have not started on a bad not in the sense that one don't have to lose while learning, you can still gain profits along your learning stage as a newbie.

RyanSmith23421

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Its not about becoming rich since the beginning.. you have to find your strategy first, even if there are multiple tips and tricks for this, you will eventually find what works for you. With time.

SirLancelot

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Quote from: The Cryptovator on April 18, 2022, 01:09:15 PM

Your topic title indicates you are looking short cut to become rich. That's the prevention of becoming rich from trading. Because a greedy attempt is enough to throw you to the road, to be honest. If you don't have enough patience then practice it. Don't try to become rich over the night. Trading isn't an investment scheme, here you may make a profit or would lose your capital as well. So the suggestion is to start trading with a small amount and practice, learn as much you can. Read articles and watch YouTube for learning purposes. Then day by day improves yourself.

Anyone who wants to starts trading must make sure that they have enough funds to engage in trading, because there is no way that you will be able to make money if you don’t have money and time to dedicate into it.

Day trading is something that you would have to dedicate your time, you have to always be in front of your screen majority of the times and watching the market and doing analysis to know where it’s heading to, and knowing when you have to buy and sell. If the OP is seeing it as a short cut to become rich, it’s not something that’s going to work.

GeorgeJohn

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Quote from: RILWAN on April 18, 2022, 11:29:20 AM

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 can only tell you that trading is not orderly difficult if you know the basement or the rudiments, people who get it wrong through trading is people who venture into without knowing the foundation of trading, many newbies who falls of lost into trading is those who have not come across of any article or guide of trading before...so if you want to merit trading you have to be curious by reading trading article's online and also acquire some knowledge through YouTube videos

xSkylarx

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Quote from: RILWAN on April 18, 2022, 11:29:20 AM

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.

All professional traders started as newbies, and they also have a hard time learning and understanding what trading is. It is just that they have more patience than you because you want to learn it right away. I am pretty sure if they share the thing that they are reading, you can't still understand it and you can't win any trade because trading has no shortcuts and you need to discover it for yourself. I know your frustration. I have felt it previously and asked for a strategy and what should I read to my friend who has been trading for 3 years. He gave me his strategy, but it isn't working for me, so I decided to learn on my own and made my own strategy with which I started winning trades.

lombok

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Be careful with those thoughts. There are no big results that are not accompanied by effort, experience and knowledge and the most important thing is "big capital funds". Besides that only luck and luck will not come continuously.

If you are a beginner and think that trading is profitable, do it right and don't assume that you will get rich in no time. In fact, there will be many failures that you will faces. But as long as you want to keep learning and trying, I'm sure one day you will become an expert.

If you are afraid, the only best way to make big profits is to become a BTC holder instead of trading without experience and knowledge.

Flexystar

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It’s hard until you say so! I have seen my circle getting permanent in trading for their daily wages. Nothing is impossible, there are tuitions, online free classes, videos blogs for everything these days. If you really want hop in then you just need to be very consistent with learning’s. Rest of the success will follow.

Everyone is newbie until you grab the knowledge about the topic.

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