Can newbie become rich with trading - page 13.

Issa56

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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.

Before newbies can start making money I believe you will have understand what cryptocurrency trading is all about, if you understand what trading is all about and if you can take your time and do your analysis very well then I believe you will definitely make your money. The professionals you see today also started as a newbie but with consistency and patience they are now professional. If you understand the basics them you will make your money even if you are a newbie.

blockman

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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.

Learn, gain experience and earn.
Everyone started out as a newbie and you have many choices in crypto. You can either trade, hold or do the other ways of growing your portfolio through staking.
Keep reading many materials about trading and the market itself so that you are informed on what it looks like. It's easy to think that a newbie can become rich in trading but the actual process is complicated because there can be a lot of things that can happen and your emotion, it will either make you stop and give up or give strength to continue.

Viscore

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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.

If you enter trading without prior knowledge and skills, literally it will always be hard. This is why one should never do trading unless he is knowledgeable and capable. Otherwise, you will end up in a mess if you insist to trade. Newbies are always bound to lose in trading, they will only start to make profits in trading once they gained the knowledge, experience and skills. And generally, no newbies will make it big in trading. But most of the legends do.

Finestream

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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.

Trading is always hard particularly for newbies who still lack the knowledge and experience. But if you are eager to learn and do what it takes to learn in trading, then hopefully in the future you will make good profits in trading. But don't expect to make it happen today, everything in trading takes a long process and you should be ready at all cost. There is no manual in trading, everything is learned through experience.

Bitcoin_Arena

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Yes, A newbie "can" become rich through trading or even be more successful than experienced traders, but that factor at play in most cases could be due to what I call luck. You could make your first trade with the right asset at the right time, and then you hit a jackpot more than someone who has traded for 5 years, but the question is are you willing to rely on luck?

Certainly not because luck is unreliable. It's like gambling. I would rather learn and perfect my strategy over time.

RILWAN

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Quote from: bitbollo on April 18, 2022, 02:48:31 PM

trading is a profession like any other.
you can do it as a hobby but obviously you can't expect extraordinary results.
you do not base your activities on luck you must have a certain knowledge and experience that a newbie certainly does not have "by nature". Ok the luck of the beginner, but from here to get rich I see it really hard ... maybe impossible Roll Eyes

for the 99,99% of people that will try on it...

Off course I know there is no short cut to become rich in trading, one for one to become a successful trader their need time and persistence in trading even if there is an ups and down during trading time.

bitbollo

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trading is a profession like any other.
you can do it as a hobby but obviously you can't expect extraordinary results.
you do not base your activities on luck you must have a certain knowledge and experience that a newbie certainly does not have "by nature". Ok the luck of the beginner, but from here to get rich I see it really hard ... maybe impossible Roll Eyes

for the 99,99% of people that will try on it...

calya

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A beginner can become successful through trading, but he will become rich faster if he invests. Even though investing is longer than trading, it is less risky and more likely in the long run than trading.

trading and investing has same level of complexity , in trading we must mastering all technique needed to analize price is it technical or fundamental?. accumulation strategy that applied on trading will have better result than investing. in investing we will miss on daily volatility that should taken as opporunity to earn money.

The Cryptovator

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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.

mk4

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Trading is a game where you're mostly going against the top quant trading firms, unless you're trading those low-cap coins where they mostly wouldn't even bother trading.

And there isn't really a sort of "manual". There are trading basics out there, but in the end you come up with your own strategies. Because if you and a lot of people follow and use a single strategy, chances are the profitability is going to be really low and you're just going to try to front-run each other.

RILWAN

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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.

Topic: Can newbie become rich with trading - page 13. (Read 1995 times)