Can you get rich from day trading?

[btaliat]

The profit and the possibility of the answer will be determined by the amount the trader is trading with. If the trader is trading with huge amount of money, he may make make enough money to make him rich

 

[Heatman]

Day traders rarely hold positions overnight and attempt to profit from intraday price moves and trends. Day trading is risky but potentially lucrative for those that achieve success.

The first thing that you should ask yourself would be that do you know enough about online trading on either forex or cryptocurrency before you go into it?

 

[Kelly5]

There is a specific partern of trading that is unique to everyone. Find yours and stick to it. And yes, people get rich day trading forex on the foreign exchange market. Just depends on you being deciplined

 

[Shigobad2020]

Day traders rarely hold positions overnight and attempt to profit from intraday price moves and trends. Day trading is risky but potentially lucrative for those that achieve success.

A traders can make a millions overnight just by doing a day business, althou a day trading is a risky investment where you can also loose all You have but its worth trying.

 

[Keibah]

A person can get rich day trading if they post themselves strategically. Having all the capital is one thing but investing properly is another thing.

 

[Senator]

You most certainly can get rich day trading the forex market. If you are not the greedy type and you have really dealt with the temptation of greed very well, you can definitely make money day trading forex

 

[Spicywilfred]

no matter how much investment invested in day trading it is almost impossible to get rich with it almost immediately, this things takes time, needs time and process too.

 

[Eodine]

Taking a close look at things, trading is actually more profitable than just holding because in trading you buy low sell higher and the accumulated profit increases.

 

[Ralphjoe]

Of course, it is very possible to become very rich doing day trading as those that become successful are quite very persistence and very knowledgeable about it. So if you want to become successful doing day trading you should get the requisite knowledge and should be hard-working and focused to be able to become rich in it.

 

[Heatman]

Of course yes you can get rich from trading the only problem is if you don't know how to trade or how to get your trade-in spot-on and you end up losing money from trading which is a very risky act or business.

 

[Sincerem]

Is possible to earn reasonable amount of money via trading either forex trading or crypto trading. But high level of experience is needed to trade in order not get your funds liquidated onetime.

 

[Heatman]

I don't use to tell people that is not easy to earn money from trading but I used to tell them that it is very difficult for you to any money from trading as long as you don't know how to trade, you will definitely not make money easily from trading.

 

[Good-Person]

It is quite possible to make a good amount of money if you become online trader but I really do not believe that you will become rich overnight. I believe you are talking about crypt trading, right? If this is so, then you may need to invest a really good amount of money in crypto and wait for the price to rise. This is the only way possible for you to get rich when it comes to trading.

 

[Heatman]

Of course yes, there are so many people who have become millionaires from forex trading and possibly because they have the knowledge to deal on forex and make big money from it but if you lack such knowledge you will become a loser from forex trading.

 

[Setho]

In my experience with trading, most people use the daily and hourly time frame more so I think that you can actually earn a lot and be rich through day em trading

 

[Heatman]

Well, in my opinion because everything is under probability when it comes to earning money online from trading. It's a very risky venture and if you are not careful, you can easily lose all the money you have.

 

[Setfragil]

It depends on tour definition of rich. You can make good profits from a business in a day but becoming rich in a day might be a difficult thing to achieve. Wealth accumulate over a period of time not overnight of trading in a business.

 

[Heatman]

Well, there is always a good chance that you will be able to make money online from trading but you definitely need to learn how to trade before you can easily earn money.

 

[Senator]

I know of course that one can become certainly rich day trading. I'm majorly concerned here on day trading the forex market. You only have to be very good at reading this market

 

[Heatman]

When you know the do's and don'ts in Trading and follow into the latter then there is no way you can not be able to get rich from your day trading but if you don't know them then you are definitely going to become poor from your daily trading.