Can newbie become rich with trading - page 2.

kotajikikox

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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 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 .

GelatikKembar

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Quote from: LUCKMCFLY on June 12, 2022, 08:41:06 PM

Quote from: MommyElsa on June 01, 2022, 06:53:33 PM

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.

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

LUCKMCFLY

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Quote from: MommyElsa on June 01, 2022, 06:53:33 PM

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.

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.

Markinzo

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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!

Fatunad

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Quote from: smartaction on June 12, 2022, 01:30:27 PM

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 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.

smartaction

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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 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

virasisog

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Quote from: MommyElsa on June 01, 2022, 06:53:33 PM

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.

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.

LUCKMCFLY

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Quote from: MommyElsa on June 01, 2022, 06:53:33 PM

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.

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.

SystemTrader

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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.

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.

MommyElsa

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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.

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

stomachgrowls

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Quote from: bakasabo on May 31, 2022, 02:39:43 AM

Quote from: ?? on ??

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.

Wakate

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Quote from: ?? on ??

I was kicked out of college. I used to work at a fast-food for minimum wage. At night, I would read all I could on investing and daytrading. Currently, I trade for 30 minutes per day and make around $1,000, then spend the rest 192.168.100.1 192.168.1.1 of the day off. AMA

Wow, this is much interesting making a thousand dollars a day without much stress. This is one of the area where trading is much superior to holding. You can hold a coin that worth up to $3k for a year before having a good x or giving you a better profits. Trading is one of the key that could make a trader to be more confident financially than holding. I have seen traders that are making upto $5k to $10k every day which is as a reason of their time been spent in acquiring knowledge.

bakasabo

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Quote from: ?? on ??

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.

joeperry

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Quote from: bakasabo on May 30, 2022, 02:35:12 AM

You are right. Investment is way better way then trading to earn. Notice, I am not saying become rich, as each define differently what is being rich. Trading is identical to working. While when you work, you cant get a negative salary. That is why I think investment is a better solution. You are not limited with time to make a decision when and where to invest. You have all time of the world to make a research. After an investment, you are free to support the project and try to increase its popularity or value.

This is one of the misconception of some people and even new in the crypto, not because there is an investment opportunity or there is a lot of project you can invest does it mean that your money will going to have a profit there is a lot of projects that you can lose your capital. But the things you said about trading is true that sometimes instead of you having a profit you will get a negative so it is more likely a gambling part as you will be losing and you will be winning not like working where you can have constant salary.

bakasabo

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You are right. Investment is way better way then trading to earn. Notice, I am not saying become rich, as each define differently what is being rich. Trading is identical to working. While when you work, you cant get a negative salary. That is why I think investment is a better solution. You are not limited with time to make a decision when and where to invest. You have all time of the world to make a research. After an investment, you are free to support the project and try to increase its popularity or value.

Mauser

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I think it is too risky for a newbie to go big into trading. Sure it sounds nice to be a crypto day trader and make large profits, but those people are professionals. Without any prior knowledge in trading the chances are much higher for you to lose money than to make money. It takes a lot of work and dedication to become successful in trading. Don't get me wrong, if you want to own some crpyto currencies than buy some. Especially big names like BTC or ETH are very good investments, but I would advise against trading them too regularly. It's much better to just buy and hold those coins, you don't need to worry about price movements and transaction costs. My advice for any beginner in the trading world is to first read about it and get some experience before adding a lot of money to your trading account.

Penelope Wheeler

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If you're looking for quick ways to become wealthy, Then I recommend you look for another way to make quick money. Crypto is a game of patience. Making a lot of money as a trader takes time.

Fatunad

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Quote from: sensimilia on May 27, 2022, 12:14:49 PM

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.

Here you can do it if you want but what you have to do to do it if you don't have any knowledge about trading then you will have a hard time doing it. There is nothing you can do here, everything will be difficult and if you have ideas, everything will seem very easy to you and you will have a hard time chatting to do it.

Everything do needs ample time and effort for you to have a good grasp on everything even though it might not be that simple but it's not impossible.It is just there are people who are really into rush on which they do really prefer on doing actions on hasty manner which do always result into mistakes and this is where learning and realization do comes next but of course it would really be depending on someone's risk management and emotion handling since not all would really be good at it.

sensimilia

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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.

Here you can do it if you want but what you have to do to do it if you don't have any knowledge about trading then you will have a hard time doing it. There is nothing you can do here, everything will be difficult and if you have ideas, everything will seem very easy to you and you will have a hard time chatting to do it.

Mr. Magkaisa

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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.

Literally speaking, if you have enough money to bu coin in any of the exchange site platform, surely there is a high chance fpr you to earn big and loss as well if you will become neglectful, but of course you need to knowledgeable here in the crypto space first to achieve your goal being one of the crypto traders.

Topic: Can newbie become rich with trading - page 2. (Read 1995 times)