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Topic: Can newbie become rich with trading - page 8. (Read 1941 times)

hero member
Activity: 2506
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I don't take loans, ask for sig if I ever do.
April 26, 2022, 10:30:55 AM
Well, I don't think there's any industry out there that's EASY to make money in. I guess trading takes it a step notch due to the fact that you're using money to make more money, basically, it increases the rewards by making the risks involved higher. It's never going to be easy, losing will always accompany you on your entire journey so just etch that to yourself before starting. I actually wouldn't take the chances of a newbie being a millionaire due to trading to be impossible, but that's more like it's all about luck instead, and it'd be no different than gambling if you were to rely on said luck to actually start your trading experience.


Everyone need guidelines because this isnt something a thing which you could easily deal with or make yourself get rich without having the hurdles and difficulties and this is something that you would
There's only a general rule, not really a set guideline. After all, what you're investing in are projects that change throughout the years, I don't think setting any rules or whatnot to bind the changes would actually net you any positive result. It'd ultimately just strangle you as a limited of sorts.
hero member
Activity: 798
Merit: 546
Leo is resting.
April 26, 2022, 09:55:59 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 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.

If you still want to trade, then get ready for the first year (or maybe even more) to lose your money. Whatever you do, you will lose money, like 95% of traders. There will be losses until you gain enough experience and form your strategy in which a balance between risk and profit is found. This balance is very difficult to achieve and it will take a lot of time to achieve it, trying more and more new ways to make money, until you find something optimal and what you understand best in the market.

This can take years, and for some even a decade. Personally, it took me about 3 years. Trading is an extremely difficult and dangerous profession. This is not a game, don't even try to treat it like a game or like a casino. You will fail.


I agree with what you said right here about the time it took you for trading, I will not advice anyone to venture into trading unless the person is ready to devote his time only for the trading business, ready to attend mentorship program and classes on how to trade, the person can learn about risk management, profit making plains and or that, but the truth be told,even experts in trading still loose money so you can never master all the signals.
hero member
Activity: 1260
Merit: 504
April 26, 2022, 05:55:57 AM
There are exchanging essentials out there, yet in the end you concoct your own techniques. Since, supposing that you and a many individuals follow and utilize a solitary system, odds are the benefit. Exchanging isn't a venture conspire, here you might create a gain or would lose your capital too. So the idea is to begin exchanging with a modest quantity and practice, advance as much you can.
sr. member
Activity: 2436
Merit: 324
April 25, 2022, 05:50:53 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 see no reason why a newbie will become reach from trading alone. This is impossible but can be possible with better guidelines. If the newbie trades based on trade calls, I think that is better and could be possible compared to when they are trading alone. Trading is difficult and we shouldn't see it as simple as we could think. It's you get the skill and grand yourself well in it before going fully in trading.
Everyone need guidelines because this isnt something a thing which you could easily deal with or make yourself get rich without having the hurdles and difficulties and this is something that you would

really be experiencing along the way.It is possible that you could really make yourself that rich but this is for latter years to come but of course the thing you do need is to sustain

and make yourself that profitable and able to survive the market.You should bare that on mind first before stressing yourself on making perfect trades since it cant really be that possible.
hero member
Activity: 2464
Merit: 585
April 25, 2022, 03:03:02 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.
Crypto is almost the shortest legal cut to getting rich, unarguably so but can also wreck anyone if he invest in wrong projects or invest at the wrong time. Any time you buy bitcoin is good time but the better strategy is to pick at the bottom because if it  will somehow reach a new all time high in the space of 4 years.
That is if they get lucky investing huge amounts in a new project that booms instantly but what if it was a scam? I think these people will only say that crypto is the quickest way to lose money.

It's possible that they can get rich if they are greedy because they are willing to take more risk by spending more money and doing more trades but the only downside of being greedy is they never get contented so what happens is they will still lose what they already gained. They only think that trading is a shortcut but actually trading is the hardest route among all crypto activities because in trading your will need more than just a basic understanding.
member
Activity: 812
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Crypto bookmaker and casino
April 25, 2022, 03:00:49 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 see no reason why a newbie will become reach from trading alone. This is impossible but can be possible with better guidelines. If the newbie trades based on trade calls, I think that is better and could be possible compared to when they are trading alone. Trading is difficult and we shouldn't see it as simple as we could think. It's you get the skill and grand yourself well in it before going fully in trading.
legendary
Activity: 3178
Merit: 1128
April 25, 2022, 02:14:41 PM
The average trader who has made a profit will find it very difficult to explain to novice traders how they think and trade because what they think is the result of their years of experience in trading. you must be able to find the best way for yourself so that you can always profit when trading.
There's a wide explanation about that 'best way'.

It's going to be an addition of strategies, experience, and patience. But with newbies thinking of being rich in trading, it's totally okay but they shouldn't think of it to come asap.

That sequence of their life would come eventually and they have to go through too many losses and learn from those.
It's the obvious reason that makes me question the situation. Like you could literally just wait and become a good trader, you do not have to do much, it will come to you, you will learn it, you will lose some money meanwhile but you will get there eventually, all you have to do is wait for it and it will come. What most newbies do is expect to get rich very quickly, and they do too much too quickly and end up losing money.

Just be patient, learn, trade, lose, learn why you lost, and be better, that's all you need to do. It's not even that hard, I mean trading is not easy, but becoming a good trader is not a hard thing to do, you just need time for it.
full member
Activity: 1110
Merit: 104
The OGz Club
April 25, 2022, 10:44:36 AM
For a beginner, it may be difficult to immediately become rich from trading results, unless luck is on his side. but I have a suggestion to invest most of the capital owned. and the rest is used to learn trading. that way the risk becomes small and we can learn to trade for the long term. to learn trading takes a long time, because we have to learn from every problem and solve it, or if we want to be smart we learn from other people's experiences, it will be even faster if we have friends who have been in the trading world for a long time

Well maybe we can consider that a beginner trader in crypto are already a trader of stocks or others and that only mean a beginner can become rich with trading. But if we were going to refer a beginner trader in a way as a learning in progress then I would going to agree that a success and the dream of becoming rich in trading will for sure takes time. Also, trading is constant learning, learning from experience and learning technical analysis but getting the possibility to become rich in trading is very much possible.
That's true because after all without going through the process the newbie trader will not develop,
it takes patience and humility as well to keep learning because it is part of the process,
by trying and working hard I think success will come by itself
hero member
Activity: 2170
Merit: 530
April 25, 2022, 09:50:48 AM
For a beginner, it may be difficult to immediately become rich from trading results, unless luck is on his side. but I have a suggestion to invest most of the capital owned. and the rest is used to learn trading. that way the risk becomes small and we can learn to trade for the long term. to learn trading takes a long time, because we have to learn from every problem and solve it, or if we want to be smart we learn from other people's experiences, it will be even faster if we have friends who have been in the trading world for a long time

Well maybe we can consider that a beginner trader in crypto are already a trader of stocks or others and that only mean a beginner can become rich with trading. But if we were going to refer a beginner trader in a way as a learning in progress then I would going to agree that a success and the dream of becoming rich in trading will for sure takes time. Also, trading is constant learning, learning from experience and learning technical analysis but getting the possibility to become rich in trading is very much possible.
full member
Activity: 1400
Merit: 115
Sugars.zone | DatingFi - Earn for Posting
April 25, 2022, 07:52:04 AM
For a beginner, it may be difficult to immediately become rich from trading results, unless luck is on his side. but I have a suggestion to invest most of the capital owned. and the rest is used to learn trading. that way the risk becomes small and we can learn to trade for the long term. to learn trading takes a long time, because we have to learn from every problem and solve it, or if we want to be smart we learn from other people's experiences, it will be even faster if we have friends who have been in the trading world for a long time
member
Activity: 742
Merit: 12
Global peace initiative
April 25, 2022, 05:58:18 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.
Nothing is impossible in life if you devote your time, energy, and thoughts to it. So being successful in trading does not require rank or level; you can be a newbie and be successful in trading while someone who is a legendary member may fail; all you need is a good basic foundation in trading, know and acquire a very good knowledge and understanding about cryptocurrency and trading in general, and I am confident that you will be able to make it in crypto trading.

When I said a newbie I didn't mean on this forum what I meant was a newbie in trading, note not everyone on this forum like trading and even a legendary member here can be a novice in trading.
full member
Activity: 1848
Merit: 158
April 24, 2022, 05:49:53 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.
Crypto is almost the shortest legal cut to getting rich, unarguably so but can also wreck anyone if he invest in wrong projects or invest at the wrong time. Any time you buy bitcoin is good time but the better strategy is to pick at the bottom because if it  will somehow reach a new all time high in the space of 4 years.

But no one can tell you when will the bottom be. This is the common mistake of newbies in crypto market, they thought that getting large profits is easy peasy. But once they got in and got acquainted with the market, they realized that they still need hard work in order to get those profits. It may be one of the shortest route to get rich, but that is if you got lucky with your investments. It is true that you can get high profits at a short period of time, but it depends on your strategy and the coin you are involve with. But if you happen to invest in a pump and dump coin, you will be screwed if you haven't exited at the right time.
member
Activity: 714
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★Bitvest.io★ Play Plinko or Invest!
April 24, 2022, 05:42:51 PM
#99
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 in life if you devote your time, energy, and thoughts to it. So being successful in trading does not require rank or level; you can be a newbie and be successful in trading while someone who is a legendary member may fail; all you need is a good basic foundation in trading, know and acquire a very good knowledge and understanding about cryptocurrency and trading in general, and I am confident that you will be able to make it in crypto trading.
sr. member
Activity: 2226
Merit: 270
Chainjoes.com
April 24, 2022, 05:30:44 PM
#98
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.
Crypto is almost the shortest legal cut to getting rich, unarguably so but can also wreck anyone if he invest in wrong projects or invest at the wrong time. Any time you buy bitcoin is good time but the better strategy is to pick at the bottom because if it  will somehow reach a new all time high in the space of 4 years.
hero member
Activity: 1372
Merit: 908
April 24, 2022, 05:17:56 PM
#97
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 professional trader was once a newbie. There are tons of academies online and offline a new trader can enroll in to get the right knowledge about trading. The major concern is not where to get the knowledge but will there be patience to ensure the classes are well followed because one thing is to enroll and another is to complete it. So many traders are half baked and keeps complaining about losses even more than newbies
Basically this, a newbie has almost no chance at making money in the markets, however that does not mean there are no chances at all for a newbie as we were all newbies at some point and then we stopped being one as we learned more about the markets, so newbies have hope but they need to be willing to put into the effort and learn all what they can before they begin to trade, and if they do then the chances they will become profitable will increase dramatically.
Who says a newbie have zero chances of making good profits from trading cryptocurrency the fact that trading is associated with high risk of loses we should also not under estimate a newbie luck.

Every professional trader started has a newbie so definitely newbies can really make money in trading but they just have to understand what trading is all about, they should learn the basics of trading and I believe they will definitely make money.
The newbies that I know can not make money are the once that don't know anything about cryptocurrency, but they hear their friends or relatives talking about it and they think they can start trading and they will be making money.
member
Activity: 742
Merit: 12
Global peace initiative
April 24, 2022, 04:59:48 PM
#96
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 professional trader was once a newbie. There are tons of academies online and offline a new trader can enroll in to get the right knowledge about trading. The major concern is not where to get the knowledge but will there be patience to ensure the classes are well followed because one thing is to enroll and another is to complete it. So many traders are half baked and keeps complaining about losses even more than newbies
Basically this, a newbie has almost no chance at making money in the markets, however that does not mean there are no chances at all for a newbie as we were all newbies at some point and then we stopped being one as we learned more about the markets, so newbies have hope but they need to be willing to put into the effort and learn all what they can before they begin to trade, and if they do then the chances they will become profitable will increase dramatically.
Who says a newbie have zero chances of making good profits from trading cryptocurrency the fact that trading is associated with high risk of loses we should also not under estimate a newbie luck.
legendary
Activity: 2492
Merit: 1332
April 24, 2022, 03:23:02 PM
#95
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 professional trader was once a newbie. There are tons of academies online and offline a new trader can enroll in to get the right knowledge about trading. The major concern is not where to get the knowledge but will there be patience to ensure the classes are well followed because one thing is to enroll and another is to complete it. So many traders are half baked and keeps complaining about losses even more than newbies
Basically this, a newbie has almost no chance at making money in the markets, however that does not mean there are no chances at all for a newbie as we were all newbies at some point and then we stopped being one as we learned more about the markets, so newbies have hope but they need to be willing to put into the effort and learn all what they can before they begin to trade, and if they do then the chances they will become profitable will increase dramatically.
hero member
Activity: 2772
Merit: 634
April 24, 2022, 11:20:38 AM
#94
Yes, definitely, but of course not instantly.

Trading is a high risk high reward kind of earning money. Your chances of getting rich in trading entirely depends on your level of knowledge and how patient are you to study a lot of things you should know in order to attain the level of professional traders to earn big money after years of trading. It's normal to lose your money, it's normal to be frustrated, but the most important is you don't have to give up easily if you really wanted trading to be your great source of income.
That "not instantly" means that he could get out of the newbie zone, that's what we are trying to say here. I mean can they do it? Of course, they can, a newbie who starts today could end up becoming rich "eventually", but by the time they are rich, they will not be a newbie anymore.

This is why there is no way of saying that a newbie can be rich but also, we can say that all the people who got rich were newbies at one point. So, in the end we could say that newbies can be rich eventually, all newbies do not become rich, but all rich people were newbies so if you are a newbie and want to trade then go ahead and learn how to get rich and become a veteran eventually and maybe be richer as well.
full member
Activity: 1610
Merit: 103
The OGz Club
April 23, 2022, 03:09:31 PM
#93
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 never easy as long as you think it's easy (newbies usually think trading is easy)...

even a professional trader still has a high level of loss, if a newbie doesn't want to learn slowly from the bottom/basics, enjoy every moment when trading, learn continuously and mentally toughen up to deal with any market price movements then it's impossible for them to become a pro in trading.
In trading I don't think we can really avoid losses because after all it is part of trading,
basically in trading requires knowledge and skills and it has an important role,
to be a pro it takes a process so keep learning and improving your knowledge and skills
member
Activity: 811
Merit: 20
Chainjoes.com
April 23, 2022, 02:45:31 PM
#92
I actually make small investments and this method can provide me with a small profit. But yes i am participating in a lot of bounty to get back the money i lost while trading. But you can start trading with some ideas and you should start with small capital. I think in this section you should search for a lot of ideas to find out exactly what you need right now.
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