Crypto Currency trading without knowledge

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Quote from: wxa7115 on February 26, 2023, 10:07:00 PM

Quote from: Finestream on February 23, 2023, 03:56:25 PM

Quote from: cabron on February 03, 2023, 01:13:13 PM

Well, you gotta start trading to gain knowledge as well. After a few readings, you gotta take action and be on the game already, you can't just keep reading. A little bit of knowledge like once you have set up your tradingview with a minimum of 3 indicators, would be enough as a basis for your trading decision.

You gain knowledge as you lose and win along your journey to trading crypto.

Gaining knowledge won’t be enough, you should also have to experience some trading activities so that your skills will be honed and improve. It’s okay to commit losses since you are still starting, but creating consistent losses is never helpful at all. That’s why if you can improve your knowledge and skills in trading, that would make your trades high chances to be successful. Otherwise, don’t trade if you are not ready.

Gaining knowledge about how the markets work is indispensable, but it is correct to say that is not enough, as it is impossible to know beforehand how you are going to react to the movements of the markets.

It is easy to imagine that when confronting a negative movement in the market newbie traders will be unaffected by it and they will take the right decision under those circumstances, but chances are that this will not be the case and instead newbie traders will panic and make costly mistakes during this critical juncture.

My advice is and always will be that if there is no knowledge in trading, it is best not to operate, because if you operate with knowledge, you would leave everything in the hands of luck and that is not a wise decision, because trading is not like gambling, Here in trading, an error or a bad decision is because the market was not well analyzed and that results in losing money, so it makes no sense to risk money in this way, while with knowledge you still lose, but you learn And the more you learn, the less the trader is wrong and the less money you lose and the possibility of winning increases.

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Quote from: Awaklara on March 11, 2023, 09:34:27 AM

Quote from: GeorgeJohn on March 11, 2023, 09:08:08 AM

It's well known that any Trading without having the rudiments or foundation of Trading is a waste of resources, at least anyone who wants to venture into Trading suppose to comprehend at least forty five percent of Trading strategies, many people today venture into disadvantages sides of Trading because of lack understanding and inability to know the risk measure.

but it is difficult to discourage anyone who wants to trade even without knowledge. even some teenagers are also interested in trading crypto.
we can explain the risks to them, and give better advice than trading at the start. but they can access videos on youtube and also follow the social media of people who share how to trade.
even though they already know the risks, they will still run into them to try to trade. most beginners have the mindset that trading crypto on a trading platform is the same as gambling using an online platform.

Do you know one thing about Trading, people who trade always be curious to know the implications so that they won't lose their capital, while those people who think that trading is the easiest way of making money are the people who don't be curious of implications or the risk behind trading, teenagers always been interested for anything that gives instant money and that one of things that always contribute for the lost in trading.

Trading have mechanisms and if you don't follow the mechanisms the trader can be experiencing many challenges of losing it capital always. For the aspect of newbie having the mindset that trading is applicable to gambling, you and I know quit well that its a fallacy, trading have to do with skills, you most know the basic things of Trading before a trader can be propagate in trading, while a gambler don't need any measure except predictions and assumptions that it will win the gamble, in summary gambling is totally different from trading, because trading have an elements or protocols you will follow as a trader.

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Quote from: GeorgeJohn on March 11, 2023, 09:08:08 AM

It's well known that any Trading without having the rudiments or foundation of Trading is a waste of resources, at least anyone who wants to venture into Trading suppose to comprehend at least forty five percent of Trading strategies, many people today venture into disadvantages sides of Trading because of lack understanding and inability to know the risk measure.

but it is difficult to discourage anyone who wants to trade even without knowledge. even some teenagers are also interested in trading crypto.
we can explain the risks to them, and give better advice than trading at the start. but they can access videos on youtube and also follow the social media of people who share how to trade.
even though they already know the risks, they will still run into them to try to trade. most beginners have the mindset that trading crypto on a trading platform is the same as gambling using an online platform.

GeorgeJohn

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It's well known that any Trading without having the rudiments or foundation of Trading is a waste of resources, at least anyone who wants to venture into Trading suppose to comprehend at least forty five percent of Trading strategies, many people today venture into disadvantages sides of Trading because of lack understanding and inability to know the risk measure.

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Quote from: leonair on March 10, 2023, 04:38:59 PM

Quote from: borovichok on March 09, 2023, 03:01:12 PM

Quote from: coinerer on March 06, 2023, 08:55:57 AM

A newbie trader can never become an expert overnight. And from the beginning they cannot make profit in trading. To become an expert, you have to stick to trading very hard first and learn something after losing multiple times. Or you need to study trading then you can learn to do proper analysis. Trading business is not a very easy thing. It is a very difficult business to profit from here you have to adopt various advanced strategies to do something good from here

Because there are so many fraudulent projects on the market, newcomers have a larger possibility of being victims. Only when a novice is prepared to keep quiet and study a complex market can knowledge be attained; when this is done consistently, good outcomes come from a job well done. Because to the significant market volatility, following a trading plan is absolutely necessary, and there is also sufficient time to allow for errors. One thing I've learned over the years is to use the trading technique that works best for your trading style on each and every trade.

Yes it is true that many fraudulent projects on the market. Now due to poor market conditions very few project can make them successful. And many project tokens listed on exchanges, do not have high quality trading volumes due to big crash all crypto price including btc from ATH. And no coin, including Bitcoin is not ready to rise yet. So now it is very difficult and patience to earn profit by trading. And to gain profit from such a difficult market one has to do a lot of technical analysis. But if you don't have that knowledge then how can you do that potential technical analysis? So having proper trading knowledge is mandatory for trading Otherwise we will face loss.

Yes trading is a type of business and like any other business like without good strategy one cannot succeed in business just like without good knowledge in trading one cannot get profit from trading. So for trading a trader must have good knowledge about trade. Just as you cannot pass an exam without education, without the knowledge of analysis, it is impossible to make a profit from trading, and the possibility of loss is the highest in this case.

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Quote from: Russlenat on March 10, 2023, 03:54:39 PM

Quote from: Hypnosis00 on February 03, 2023, 08:23:02 AM

I would say that "It was not the best decision". We can't just throw money too easily and that much more if that is hard-earned money because we can't just put trading like gambling where we rely on luck otherwise, forget about trading.

Having a basic knowledge of trading is the very least requirement and even using trading bots won't simply work. We have to consider and invest first in knowledge for this is the tool to success or else, losses are only what we get. I don't think that is what we wanted to happen, so we don't need to push ourselves if we are not already ready for this.

Trading is hard and risky so if we still trade without understanding first how trading works and how it will be profitable, then we will lost the essence to succeed. Remember that obtaining knowledge and developing our trading skills are the most important in trading, if we can’t have that, then we will always fall as traders. However, there are also some aspiring traders that no matter how hard they try, they will never get how to take advantage over trading, and maybe they just don’t fit in trading.

It is impossible for one to survive in the trading market without having understanding. Understanding is the only key to trading and their is no two ways about it . It is important for those who are interested in trading to dedicate their time to get better understanding to reduce the risk of lose in the market. Having understanding is a good start for trading and over time the experience also contribute to better outcome in trading .People put how to make money from trading first and do not really consider to understand it well.

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Quote from: Russlenat on March 10, 2023, 03:54:39 PM

Quote from: Hypnosis00 on February 03, 2023, 08:23:02 AM

I would say that "It was not the best decision". We can't just throw money too easily and that much more if that is hard-earned money because we can't just put trading like gambling where we rely on luck otherwise, forget about trading.

Having a basic knowledge of trading is the very least requirement and even using trading bots won't simply work. We have to consider and invest first in knowledge for this is the tool to success or else, losses are only what we get. I don't think that is what we wanted to happen, so we don't need to push ourselves if we are not already ready for this.

Trading is hard and risky so if we still trade without understanding first how trading works and how it will be profitable, then we will lost the essence to succeed. Remember that obtaining knowledge and developing our trading skills are the most important in trading, if we can’t have that, then we will always fall as traders. However, there are also some aspiring traders that no matter how hard they try, they will never get how to take advantage over trading, and maybe they just don’t fit in trading.

Because the fact that trading is not meant for anyone, those who did not knowledgeable enough will usually lose their asset.
Trading is not an easy task, and it requires a lot of effort, dedication, and knowledge to become successful. Understand the ins and outs or the outcome of trading before diving in, as trading without a solid understanding can lead to significant losses. Developing trading skills takes time and patience, and it is crucial to have a disciplined approach to trading.

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Quote from: Stable090 on March 07, 2023, 01:15:51 PM

Quote from: Researchoo on February 03, 2023, 12:19:34 AM

Use a crypto trading bot: A trading bot is a software program that automates the process of buying and selling cryptocurrencies based on predetermined rules and algorithms. Some trading bots require a certain level of technical knowledge to set up, while others are designed for novice traders.

Am not in support of using a trading bot, why will you even want to trade when you don’t have knowledge of trading, you will endup losing your money, if you want to trade, you don’t have to depend on anybody or any bots, we all know bots are not reliable, you might be making money at the beginning but at the end you might endup losing all your money, so traders should always avoid trading bots. It not normal, why will you want to use trading bots but you don’t have knowledge about trading.

For using trading bot you have to the knowledge of trading . Because the trading bot will work automatically only when you will give it instructions. So in this case if you don't understand about trading, if you don't have knowledge of candle analysis then it will be difficult for you to experience profit with trading bot. So trading bot never be profitable for those traders who don't have Trading knowledge.

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Quote from: borovichok on March 09, 2023, 03:01:12 PM

Quote from: coinerer on March 06, 2023, 08:55:57 AM

A newbie trader can never become an expert overnight. And from the beginning they cannot make profit in trading. To become an expert, you have to stick to trading very hard first and learn something after losing multiple times. Or you need to study trading then you can learn to do proper analysis. Trading business is not a very easy thing. It is a very difficult business to profit from here you have to adopt various advanced strategies to do something good from here

Because there are so many fraudulent projects on the market, newcomers have a larger possibility of being victims. Only when a novice is prepared to keep quiet and study a complex market can knowledge be attained; when this is done consistently, good outcomes come from a job well done. Because to the significant market volatility, following a trading plan is absolutely necessary, and there is also sufficient time to allow for errors. One thing I've learned over the years is to use the trading technique that works best for your trading style on each and every trade.

Yes it is true that many fraudulent projects on the market. Now due to poor market conditions very few project can make them successful. And many project tokens listed on exchanges, do not have high quality trading volumes due to big crash all crypto price including btc from ATH. And no coin, including Bitcoin is not ready to rise yet. So now it is very difficult and patience to earn profit by trading. And to gain profit from such a difficult market one has to do a lot of technical analysis. But if you don't have that knowledge then how can you do that potential technical analysis? So having proper trading knowledge is mandatory for trading Otherwise we will face loss.

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Quote from: Hypnosis00 on February 03, 2023, 08:23:02 AM

I would say that "It was not the best decision". We can't just throw money too easily and that much more if that is hard-earned money because we can't just put trading like gambling where we rely on luck otherwise, forget about trading.

Having a basic knowledge of trading is the very least requirement and even using trading bots won't simply work. We have to consider and invest first in knowledge for this is the tool to success or else, losses are only what we get. I don't think that is what we wanted to happen, so we don't need to push ourselves if we are not already ready for this.

Trading is hard and risky so if we still trade without understanding first how trading works and how it will be profitable, then we will lost the essence to succeed. Remember that obtaining knowledge and developing our trading skills are the most important in trading, if we can’t have that, then we will always fall as traders. However, there are also some aspiring traders that no matter how hard they try, they will never get how to take advantage over trading, and maybe they just don’t fit in trading.

borovichok

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Quote from: coinerer on March 06, 2023, 08:55:57 AM

A newbie trader can never become an expert overnight. And from the beginning they cannot make profit in trading. To become an expert, you have to stick to trading very hard first and learn something after losing multiple times. Or you need to study trading then you can learn to do proper analysis. Trading business is not a very easy thing. It is a very difficult business to profit from here you have to adopt various advanced strategies to do something good from here

Because there are so many fraudulent projects on the market, newcomers have a larger possibility of being victims. Only when a novice is prepared to keep quiet and study a complex market can knowledge be attained; when this is done consistently, good outcomes come from a job well done. Because to the significant market volatility, following a trading plan is absolutely necessary, and there is also sufficient time to allow for errors. One thing I've learned over the years is to use the trading technique that works best for your trading style on each and every trade.

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Quote from: Stable090 on March 07, 2023, 01:15:51 PM

Quote from: Researchoo on February 03, 2023, 12:19:34 AM

Use a crypto trading bot: A trading bot is a software program that automates the process of buying and selling cryptocurrencies based on predetermined rules and algorithms. Some trading bots require a certain level of technical knowledge to set up, while others are designed for novice traders.

Am not in support of using a trading bot, why will you even want to trade when you don’t have knowledge of trading, you will endup losing your money, if you want to trade, you don’t have to depend on anybody or any bots, we all know bots are not reliable, you might be making money at the beginning but at the end you might endup losing all your money, so traders should always avoid trading bots. It not normal, why will you want to use trading bots but you don’t have knowledge about trading.

Sooner or later you would realize that bots arent those things which you could really rely on and just letting them on handling out your money on trading with the market.You wont really be getting or gaining knowledge and experience towards trading field on that case and also you wont really be that so dumb on not to have those regretable feelings and thoughts that its better if you have traded on your own which is really that a very common end line i would say.

Trading without knowledge is common when you are really that a complete newbie and this is where we are really that tending to engage on because we do persevere on making
money.It might looks simple because it is really just buying low and selling high but when you are on the actual ground then those words cant really be spoken of by you.

Stable090

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Quote from: Researchoo on February 03, 2023, 12:19:34 AM

Use a crypto trading bot: A trading bot is a software program that automates the process of buying and selling cryptocurrencies based on predetermined rules and algorithms. Some trading bots require a certain level of technical knowledge to set up, while others are designed for novice traders.

Am not in support of using a trading bot, why will you even want to trade when you don’t have knowledge of trading, you will endup losing your money, if you want to trade, you don’t have to depend on anybody or any bots, we all know bots are not reliable, you might be making money at the beginning but at the end you might endup losing all your money, so traders should always avoid trading bots. It not normal, why will you want to use trading bots but you don’t have knowledge about trading.

CoolBoybd

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Without trading knowledge crypto trading is like betting game. I will suggest never do trading before knowing trading perfectly. Without trading knowledge you may lose all your funds in a short time.

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Quote from: coinerer on March 06, 2023, 08:55:57 AM

A newbie trader can never become an expert overnight. And from the beginning they cannot make profit in trading. To become an expert, you have to stick to trading very hard first and learn something after losing multiple times. Or you need to study trading then you can learn to do proper analysis. Trading business is not a very easy thing. It is a very difficult business to profit from here you have to adopt various advanced strategies to do something good from here

True, it doesn't make sense when a beginner can become an expert overnight, it takes us more time than imagined to become a true expert. We may go through the learning process easily, because it is a theory that can be easier to understand. But once you put it into practice it might be very different from what you learn from a theory, you need more time to apply what you have learned. Moreover, there will be many factors that must be studied, not just an introduction to the market.

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Quote from: Researchoo on February 03, 2023, 12:19:34 AM

Use a crypto trading bot: A trading bot is a software program that automates the process of buying and selling cryptocurrencies based on predetermined rules and algorithms. Some trading bots require a certain level of technical knowledge to set up, while others are designed for novice traders.

Without trading knowledge, trading in the first place will end up with massive lost, you wouldnt learn anything but rather using your money to learn trading the hard way instead of using doing paper trading where all your loss and profits are just figures, they are not real and in that way, you can adjust your mistakes and learn things easily following real time, only the loss and profits that are not real, everything else is real. I would advise you not to also use bots for your trades, they are only good when there demand and FOMO in the market, everything good cease to exist as soon as bull run ends.

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Quote from: gabbie2010 on March 06, 2023, 08:45:55 AM

Quote from: coinerer on March 05, 2023, 10:55:38 AM

Quote from: abel1337 on March 05, 2023, 10:36:21 AM

Quote from: LUCKMCFLY on March 05, 2023, 09:42:05 AM

If someone tells me that they want to trade in the bitcoin market but they have no idea how it works, my advice is to tell them not to do it, that it is not correct to enter the market and gamble, it does not work like that, maybe if they do he does and is lucky he wins, but in the long term that luck will run out and he will lose everything, trading is not luck or guessing, you know, and we have to take that into consideration when operating.

What I told him is that he better go to a casino and manage his money there, I know that he will still lose it but at least he will enjoy the games, whereas in trading things are not like that.

I also have the experience of being on that situation like they treat trading as a way to produce easy money. The one who lose money on trading will understand how hard it is to do trades without proper knowledge on what they are doing. This is why I don't give advise to people in real life who want to do trading unless I know that they have started their way on doing trades and somehow managing to get some profits. Doing blind trades is just like doing gamble and to be honest for me it is much worth it the experience of just gambling rather than doing blind trades.

I always tell newbies to stay away from trading. There are many people who are interested in trading just by hearing the profit stories of others without acquiring any trading knowledge. And especially they lose in trading and consider trading as a bad thing but they don't want to understand anything before starting trading. So if someone asks me for trading advice I tell them to refrain from trading. Because trading is not an easy task and it is not possible for everyone to succeed from here

A lot of newbies would shun whoever advice them to stay away from trading rather to seek or aquire knowledge first, unfortunately many of them is being carried away with mostly photoshopped profits earned by some scammers online whose actions enticed and lured them to trading personally I did trade as a newbie then unfortunately lost a lot of money thinking that it's easy to make money in cryptocurrencies trading then, it will take a good number of charting time to become an experience trader couple with lot of learning and practicing thereafter embark on Live trading.

A newbie trader can never become an expert overnight. And from the beginning they cannot make profit in trading. To become an expert, you have to stick to trading very hard first and learn something after losing multiple times. Or you need to study trading then you can learn to do proper analysis. Trading business is not a very easy thing. It is a very difficult business to profit from here you have to adopt various advanced strategies to do something good from here

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Quote from: coinerer on March 05, 2023, 10:55:38 AM

Quote from: abel1337 on March 05, 2023, 10:36:21 AM

Quote from: LUCKMCFLY on March 05, 2023, 09:42:05 AM

If someone tells me that they want to trade in the bitcoin market but they have no idea how it works, my advice is to tell them not to do it, that it is not correct to enter the market and gamble, it does not work like that, maybe if they do he does and is lucky he wins, but in the long term that luck will run out and he will lose everything, trading is not luck or guessing, you know, and we have to take that into consideration when operating.

What I told him is that he better go to a casino and manage his money there, I know that he will still lose it but at least he will enjoy the games, whereas in trading things are not like that.

I also have the experience of being on that situation like they treat trading as a way to produce easy money. The one who lose money on trading will understand how hard it is to do trades without proper knowledge on what they are doing. This is why I don't give advise to people in real life who want to do trading unless I know that they have started their way on doing trades and somehow managing to get some profits. Doing blind trades is just like doing gamble and to be honest for me it is much worth it the experience of just gambling rather than doing blind trades.

I always tell newbies to stay away from trading. There are many people who are interested in trading just by hearing the profit stories of others without acquiring any trading knowledge. And especially they lose in trading and consider trading as a bad thing but they don't want to understand anything before starting trading. So if someone asks me for trading advice I tell them to refrain from trading. Because trading is not an easy task and it is not possible for everyone to succeed from here

A lot of newbies would shun whoever advice them to stay away from trading rather to seek or aquire knowledge first, unfortunately many of them is being carried away with mostly photoshopped profits earned by some scammers online whose actions enticed and lured them to trading personally I did trade as a newbie then unfortunately lost a lot of money thinking that it's easy to make money in cryptocurrencies trading then, it will take a good number of charting time to become an experience trader couple with lot of learning and practicing thereafter embark on Live trading.

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Quote from: abel1337 on March 05, 2023, 10:36:21 AM

Quote from: LUCKMCFLY on March 05, 2023, 09:42:05 AM

If someone tells me that they want to trade in the bitcoin market but they have no idea how it works, my advice is to tell them not to do it, that it is not correct to enter the market and gamble, it does not work like that, maybe if they do he does and is lucky he wins, but in the long term that luck will run out and he will lose everything, trading is not luck or guessing, you know, and we have to take that into consideration when operating.

What I told him is that he better go to a casino and manage his money there, I know that he will still lose it but at least he will enjoy the games, whereas in trading things are not like that.

I also have the experience of being on that situation like they treat trading as a way to produce easy money. The one who lose money on trading will understand how hard it is to do trades without proper knowledge on what they are doing. This is why I don't give advise to people in real life who want to do trading unless I know that they have started their way on doing trades and somehow managing to get some profits. Doing blind trades is just like doing gamble and to be honest for me it is much worth it the experience of just gambling rather than doing blind trades.

Its wrong info that OP advised about trading bot, cause its not really for beginners and who doesn't have knowledge about anything related to trading, it's for easing the trading activity based on the criteria we feed to it so trades will happen automatically but to make profits we need to have a working strategy and it will come from only based on the knowledge we have about trading.

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Quote from: abel1337 on March 05, 2023, 10:36:21 AM

Quote from: LUCKMCFLY on March 05, 2023, 09:42:05 AM

If someone tells me that they want to trade in the bitcoin market but they have no idea how it works, my advice is to tell them not to do it, that it is not correct to enter the market and gamble, it does not work like that, maybe if they do he does and is lucky he wins, but in the long term that luck will run out and he will lose everything, trading is not luck or guessing, you know, and we have to take that into consideration when operating.

What I told him is that he better go to a casino and manage his money there, I know that he will still lose it but at least he will enjoy the games, whereas in trading things are not like that.

I also have the experience of being on that situation like they treat trading as a way to produce easy money. The one who lose money on trading will understand how hard it is to do trades without proper knowledge on what they are doing. This is why I don't give advise to people in real life who want to do trading unless I know that they have started their way on doing trades and somehow managing to get some profits. Doing blind trades is just like doing gamble and to be honest for me it is much worth it the experience of just gambling rather than doing blind trades.

I always tell newbies to stay away from trading. There are many people who are interested in trading just by hearing the profit stories of others without acquiring any trading knowledge. And especially they lose in trading and consider trading as a bad thing but they don't want to understand anything before starting trading. So if someone asks me for trading advice I tell them to refrain from trading. Because trading is not an easy task and it is not possible for everyone to succeed from here

Topic: Crypto Currency trading without knowledge (Read 684 times)