Profitable online trading strategies can bring millions of dollars and have no upside limits. Whether it’s stocks, futures, or cryptocurrencies, there are thousands of successful traders in the world who are living beyond their wildest dreams by regularly executing profitable strategies, trading from their laptop, from anywhere in the world.
The beauty of online trading is that ANYONE can become a millionaire regardless of their education, work experience, nationality etc.
Once you find a strategy that actually works, you start building the momentum and scaling it by opening larger positions every time you book a profit – ultimately increasing your daily profits to tens of thousands of dollars. This is the natural evolution and progression of every successful trader.
But what is the recipe for such profitable trading? What trading method or strategy can make you rich? This is exactly what are about to figure out in this article.
After conducting careful research, talking to multiple successful traders we have discovered two ways of building wealth trading online that really work – the HARD way and EASY (fast) way.
The HARD way
TIMOTHY Sykes is a travel “addict” and a high-roller with plenty of cash to flash, but it wasn’t always that way. The stock trader and teacher, who is based in Miami Beach, built an empire out of a few thousand dollars and is now dedicated to showing others how to live a similar lifestyle. It took him over 6 years to learn a trading strategy that actually works.
“I wasn’t born with money, I started with few thousand dollars … I challenged myself to make a million dollars and I did it,” Mr. Sykes said on his Instagram page.
He is passionate and has no time for the lazy or those that try to question his success. His Instagram account is fascinating and includes statements such as: “I sometimes post obnoxious cash photos to inspire you to study hard.”
“I trade stocks nearly every day and earn roughly $US5000 ($AU6500) per week at that, trading from wherever I am in the world, and then I also make more money from teaching others my process too,” Mr. Sykes explained.
However, it took him years and years to master stock trading and build enough capital to capitalize on small price movements.
The problem with this trading strategy is that stocks prices do not move a lot during the day. At most, stocks fluctuate 1-3% percent, which means that you need significant capital to make money on such small price changes. It also means that it’s almost impossible to achieve this goal for beginners or people with little starting capital.
“It is most definitely the dream job, but I’ve also been doing this for nearly 20 years now and I have to say it takes a lot of time and effort studying before getting to an income level like this,” Tim commented.
But fortunately, there is a shortcut and much faster way to make profits trading online.
The EASY (Fast) way
The answer to the most important question “how to become rich quick?” is not very simple, requires much research and study, but it’s definitely worth it. The short version of an answer is: trading Bitcoin with leverage, on platforms such as PrimeXBT. The keyword is “leverage”, but the platform and asset choice is also of the utmost importance.
Leverage (or margin trading), according to Investopedia “is an investment strategy used to increase the potential return of an investment.” Leverage can be a powerful tool for a trader. You can use it to take advantage of comparatively small price movements, ‘gear’ your portfolio for greater position size, and to make your capital grow faster. Leverage is a key feature of innovative trading platforms such as PrimeXBT.
This means that PrimeXBT trading platform allows you to trade with much larger capital than your initial balance and have the potential for a larger profit. For example, when 100x leverage is offered – your deposit of $100 automatically turns into 10,000$ trading capital. The percentage of trading gains will be calculated from the new, larger trading capital and now even the smallest price movements will provide amazing profit opportunities for anyone using leverage.
You probably heard stories about millionaires who bought Bitcoin early, and successful PrimeXBT traders who turned 100$-300$ accounts into millions by trading with leverage.
Erik Finman has not followed the traditional path of college-bound students growing up in the United States. In May of 2011, at the age of 12, Finman struck a deal with his parents to be able to skip college in pursuit of an unorthodox education, provided he could invest successfully. The deal? He had to turn $1,000 in cash that his grandmother gave him into an impressive $1 million.
Another great example of a successful Bitcoin trader who turned a small amount of initial starting capital into a fortune worth millions, is Rob Graham. Rob Graham is a serial entrepreneur and a self-made cryptocurrency trader-millionaire who consistently makes anywhere between $10 – $30k every single day by trading Bitcoin on PrimeXBT platform.
He uses a simple Bitcoin RSI trading strategy that he explains in detail on his personal website which he provides free of charge to everyone who is interested in learning to trade.
Here is a small part of his step-by-step guide:
“Bitcoin, as well as most other cryptocurrencies, are very volatile and statistically it fluctuates AT LEAST 0.3% per day. 80% of the time. It means that it will make daily swings of at least 0.3% in each direction every day, which makes a technical indicator called RSI work like a Swiss watch! (if you never heard about RSI before checking it out: https://en.wikipedia.org/wiki/Relative_strength_index
You can’t say the same about forex or commodities markets – that’s why this trading strategy works ONLY on Bitcoin trading! 0.3% is not much, but when using 100x leverage you can turn 0.3% price move into 30% profits!”
Rob exclusively trades on PrimeXBT trading platform as it’s the only reliable platform that allows 100x leverage on BTC and offers all of the necessary features for successful strategy execution according to his experience.
He doesn’t mind sharing the strategy for free as he believes “there is a room for profits for everyone”.
Rob’s followers who have signed up for PrimeXBT and tried his strategy often share their thanks on his twitter and facebook, and spoke of how quickly they were able to change their lives and with so little capital. The track record of Rob’s strategy turning new traders into self-made millionaires speaks for itself.
The most important step is getting started, and since so little capital is required there is very little risk involved – but the potential for reward and profit, and the chance to potentially live beyond your wildest dreams being so high – this is an opportunity that should not be missed.
Whether you choose the long way of learning stock trading or the quicker option of Bitcoin leverage trading, remember that both require time, dedication, research, and consistency, to become successful.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
This author could be anybody, but he/she is not a member of staff coingape.com and opinions in the article are solely of the guest writer and do not reflect Coingape’s view.