Yes, you can get rich by trading the stock market.
However, depending on the type of trading it might take a lot more time than passive investing.
Still, the profit potential in active trading is often much greater than in typical investing.
Does investing in stocks make you rich?
Investing in the right stocks can be a great way to accelerate your portfolio’s growth. However, if you invest a good chunk of that money into the right growth stocks, that could speed up your wealth gains and put you in a much better position in the future. It may even make you rich.
How much money can you make from stocks?
How much you actually make depends on what your risk tolerance is. If you are willing to lose $500 on a trade then you would have bought 500 shares in this example. $500 of risk tolerance divided by $1 of risk demands you buy 500 shares. With an exit at $25, you earn $2500 or five times your risk.
How long does it take to get rich from stocks?
Despite wild rides in the stock market, the best thing you can do is to think long-term and start investing early: If you invest $10 per week: After one year, you’ll have $541; after five years, you’ll have $3,173; after 10 years, you’ll have $7,836.