if you are a trader, how long it took for you to become profitable trader? - page 2.

Rruchi man

legendary

Activity: 1456

Merit: 1108

Use chips.gg

Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable.

You are obviously reading the wrong materials, and you should be careful. What you read and believe can actually have an affect on you. You will only be prone to believe these lies when you have never seen any trader who is very successful. Trading has made some traders profitable, and that is primarily because they were committed to becoming better and stayed consistent.

If you don't have the patience to enjoy the process of becoming profitable and successful, you will quit because learning to trade can be very challenging.

The process may take six months, a year, or more. It is different for everyone depending on different factors.

a298b112

member

Activity: 143

Merit: 36

Quote from: Oshosondy on November 05, 2024, 07:07:21 AM

You want $2000 or $3000 above from trading daily?

well, I don't mind having even $2000 from day trading.

however, I understand it is very risky for someone who is just starting...
my goal is to make at least $2000 per month (to start with) and eventually see if this is something I can do...
I can allocate some funds for trading. BTW, I am in the market for four years as a investor... but didn't really trade

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

No exact timeline regarding on when you became a profitable trader. Also there's no guarantee that you can always earn with your trades since market is known to be unpredictable and with this nature we cannot really be so sure to gain profit with each coins we trade.

But if you are eager to learn more about this and always make sure to get an update about latest movement of the market also the current news occur maybe it will help you do decide about what strategy you do. Also if you are new don't think about getting profit at early age, what you need to pay attention is on how you could able to get more knowledge about technicalities of the market.

BitMaxz

legendary

Activity: 3374

Merit: 3095

BTC price road to $80k

You can not learn trading in just a week or a month. Even if you do, you will need to learn to trade on paper money and optimize your strategy to avoid losing a big amount.
It takes months or years before you become a profitable trader. There is no get rich quick scheme; you need to be consistent in trading. Once you are comfortable with your strategy, you can begin trading with live trading and gradually increase your capital to increase your profits until you reach your target of $2k to $3k per month.

If you are looking for some guides how to trade, you can read them from this source: Awesome Crypto Trading

Rockstarguy

hero member

Activity: 1050

Merit: 592

God is great

One thing you need to know about trading as a beginner, you need to focus more on getting better understanding of how trading works and you need to have some level of patience too because most times as beginners the kind of profit that you may have in trading is not what you really want but something better, bit don't let small profit discourage you. Try your best to get good strategies, understand it better.

As a beginner if you are depending on trading to sustain yourself you may end up getting dissapointed, get other source of income that you can depend on so that you won't be so desperate to make profit quick from trading. Focus more on trading skills, then you will surely better results.

Oshosondy

legendary

Activity: 1610

Merit: 1193

Gamble responsibly

You want $2000 or $3000 above from trading daily? The question is how much do you have to trade? If you have like $100000, you can learn about trading and only go for coin like bitcoin. Altcoins can make you lose your money. But you can try them with small amount of money that you can afford to lose.

But if you want to make such amount of money with $5000, you will lose all your money because you will use leverage and that will teach you a lesson.

Trading is easy but to use it to make money is hard. Huge capital with small risk is better. But as a starter, use small amor that you can afford to lose to learn. Make sure you do not use more than you can afford to lose to start trading. Beginners will always lose to learn.

Russlenat

hero member

Activity: 2716

Merit: 904

Quote from: a298b112 on November 05, 2024, 05:52:15 AM

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

Most popular traders are actually long-term investors, they hold longer and get the best returns. Day trading, or short-term trading, can be profitable too, but you don't see many names in the news because most of them keep a low profile. You won’t know if you can profit until you try it yourself. But trust me, being profitable in day trading is possible unless you treat it like gambling.

a298b112

member

Activity: 143

Merit: 36

More I read, more I see that trading in a long term is not profitable. So, I wonder are there any profitable traders that make money on the market constantly and sustain decent lifestyle? I am not looking for big money, let's say 2k or 3k per month would be enough. Is this something doable? Is there any strategies to become a trader that makes this amount of money?

Topic: if you are a trader, how long it took for you to become profitable trader? - page 2. (Read 157 times)