Post
Topic
Board Trading Discussion
Merits 1 from 1 user
Re: Can newbie become rich with trading
by
Ratimov
on 18/04/2022, 22:44:39 UTC
⭐ Merited by Synchronice (1)
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.

No. In order to become rich, it is enough to buy bitcoin and wait 10 years, while doing nothing. The risk is minimal, the profit is maximum. In order to earn the same money in trading, you need a lot of factors, the risk is maximum, the profit is minimal.

Bitcoin has shown several million percent returns over 10 years. In trading, you will never be able to increase your deposit so much, you will not even find an example of such a trader who has earned 1 million percent of profitability in bitcoin in 10 years thanks to trading.

Trading is not a profitable behavior and any professional will tell you that only by investing can you earn in the long run. With trading, you will sooner or later lose all your money, do not console yourself with the illusion that trading is much more profitable than investing. It is beneficial in making only small profits over a short period of time. Only investing along with compound interest will make you rich enough in the long run.