Can you really make money trading contracts?
I believe many friends have incurred losses in contracts over time. You start to wonder: can you really make money trading contracts?
My answer is: you can make money, but you may not necessarily make money, only exceptional individuals do.
Newbies should focus on learning experiences.
Do not invest too much.
You must have a sufficient understanding of your trading abilities. My first advice for newcomers is to start with a small amount of capital.
Trading is such a professional matter.
It requires professional learning and training.
The cryptocurrency market is highly volatile; you only need to catch one big trend in your lifetime. Many people never catch a big one in their life; they just keep flipping short trades, making and losing money, failing to hold profits, and then losing in the next wave.
Work diligently, study contracts seriously, but don’t trade heavily. Gradually compound your gains from 5000 to 50000. This process is the hardest but is essential for developing trading character. During this process, you can form your own trading system, which you can later adapt to other speculative markets.
Then, compound your gains from 50000 to 100000, from 100000 to 200000, and from 200000 to 500000. Once you reach this point, you are not far from success, and you will find that you have already established a stable profit-making method. Becoming a millionaire is only one step away.
The essence of trading profit is not complicated; it's like planting in spring and harvesting in autumn. Fertilizing and tilling the soil is necessary but not essential. Even the best seeds need the right climate to sprout, and sprouted seeds need enough time to grow, bloom, and bear fruit. You need to be patient; pulling up seedlings won't help them grow. Most importantly, if the climate is bad that year, no matter how much you plow and fertilize, it will all be in vain. Accepting this fact will help you know what to do.
In life, you only need two bull markets, and you only need to become wealthy once.
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