Earning From Trading Without Any Professional Knowledge

Pandu Geddon

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Quote from: xzy887 on October 13, 2022, 09:24:01 AM

We all want to earn by trading but no one wants to learn about trading.
It has become our habit.
But you should keep in mind that if you don't acquire good knowledge about trading, you can only profit there for a short time. Which can lead to big losses later.

it's not that they don't want to learn, most novice traders want to learn from their experience. learn a little and put it into practice right away. this is not a big problem, it's just that the risk of loss will be higher.
indeed some profit from their luck when choosing the right asset. especially with good market support. but such a situation would not last.
Many novice traders are oriented that crypto trading will bring them quick profits. that's the mindset that I think should be removed from traders who want to be successful in the future.

xzy887

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We all want to earn by trading but no one wants to learn about trading.
It has become our habit.
But you should keep in mind that if you don't acquire good knowledge about trading, you can only profit there for a short time. Which can lead to big losses later.

arwin100

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Quote from: kesmex on October 13, 2022, 05:16:07 AM

Quote from: NicNacCoin on October 12, 2022, 07:34:18 PM

Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

OP as you said as a brand new stater one can earn from trading platform but it depends entirely on luck.Like I mean it would be like gambling. It is very difficult to make money trading on this trading platform without any analysis or experience.Once he falls into a loss, all his thoughts and future will be completely out of his mind from this cryptocurrency trading platform.

That's why it's important to have analytical skills and an experience before trading,
we must know that the risk is not small when we want to invest in crypto,
loss is part of trading or investing and what distinguishes those who have experience from those who do not is when they experience losses they do not immediately give up and it is used as a lesson for the future

And its hard to determine when to buy and sell if we don't know anything from it, so learning something important like doing technical analysis or fundamentals can help us to gear up with certain strategies which can help us to gain. And by continuous to learn more from trading can give us long term sustainability since for sure we can use this to earn frequent profit if we do right trades and have discipline on this.

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Quote from: NicNacCoin on October 12, 2022, 07:34:18 PM

Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

OP as you said as a brand new stater one can earn from trading platform but it depends entirely on luck.Like I mean it would be like gambling. It is very difficult to make money trading on this trading platform without any analysis or experience.Once he falls into a loss, all his thoughts and future will be completely out of his mind from this cryptocurrency trading platform.

That's why it's important to have analytical skills and an experience before trading,
we must know that the risk is not small when we want to invest in crypto,
loss is part of trading or investing and what distinguishes those who have experience from those who do not is when they experience losses they do not immediately give up and it is used as a lesson for the future

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Quote from: hyudien on September 23, 2022, 10:39:23 AM

Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

That means you gamble and try to test your luck by making trades that you don't know how to work. No wonder many beginners want to make money fast but don't want to go through the crazy process. Usually the person is lazy, hopes to get rich quickly, without skills, and ends up trapped in a trade that turns out to be gambling. Don't get me wrong sometimes the hype of crypto trading makes you forget that any kind of trading requires knowledge and you just have to look for it either for free by reading articles, watching explanatory videos, or taking paid classes. Because at least the knowledge base makes every decision unhurried and hasty. You drop money for a certain period of time, remember everything is a process and crypto trading is volatile so don't just hit the buy and sell button if you don't really know how the market works.

Trading could somehow be link into gambling most particularly for newbies who’s up to quick profits and just trade even without the knowledge and skills acquired. And so they end up mostly losing all their funds just like gambling. However, I would say yes, it’s possible for a newbie to earn in trading even without experiencing professional training. Just be equipped with trading knowledge and skills that you can build out from your experiences in trading. That way, you may face losses at first but later on you will learn from them eventually and start to trade the right and profitable way.

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Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

Take your time to learn all the basic necessary skills required to start trading especially learning technical and fundamental analysis aspect of trading, using TA to work on a trading strategy obtained out of the numerous ones available on the internet if possible use a higher timeframe of Minimum 4 hour timeframe, practice it with demo or stimulation, once you are consistent in profits taking you are good to go live trading, however losses are inevitable it's up to you to learn on how to manage your risk which is part of what you will learn in Money management in trading with time and plenty of charting hours you gain a lot of experience.

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Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

OP as you said as a brand new stater one can earn from trading platform but it depends entirely on luck.Like I mean it would be like gambling. It is very difficult to make money trading on this trading platform without any analysis or experience.Once he falls into a loss, all his thoughts and future will be completely out of his mind from this cryptocurrency trading platform.

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Quote from: Kelvinid on October 12, 2022, 07:02:14 PM

Quote from: Mr.right85 on October 12, 2022, 06:55:26 PM

Quote from: DoublerHunter on October 12, 2022, 06:44:52 PM

^ It is possible but the high risk would be also tied up.
You can do copy trading on a trading platform that has offer this kind of feature and choose professional traders to copy their portfolio but unfortunately, this is based on luck,

Whe I hear luck, I think of gambling. Copy trading won't really be about luck as, the so called or self proclaimed and acclaimed professional traders have possibly done there analysis and so, your not just really jumping in the market but doing so based on trust in someone else's trade and analysis.

Copy trading is never the best way to go about trading the crypto market, its more of an advantage should you give learning a chance. For this reason, demo mode has been put in place in many exchanges and utilising it to gain experience should be a way to better your chances in trading live. Be ready to build trust in a strategy you would come up with.

As a starter, having luck seems to be in their mind, and mostly do copy trading. Well, I'd never see it as a wrong move as beginners as they are still learning and about to gain experience as I was sure that in the later they will make their own strategies and improve their knowledge and skill so they can stand alone. But to believe these self-proclaimed experts is no longer acceptable to me, maybe for just getting ideas but to rely on them is not the thing we are supposed to do.

Relying into others is never been a good behavior for you to do so.Trading does involved skills and knowledge which would really be helping you to handle out this unpredictable market.

Earning is what we do mainly aim on why we do make trades.This isnt a race and there are just people who do keep minding on rushing decisions and make things on haste and this is where mistakes do
really happen.
You cant really acquire skills on short time basis though but it would really be depending on someone on how they would really be making up progress into theirselves.

Kelvinid

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Quote from: Mr.right85 on October 12, 2022, 06:55:26 PM

Quote from: DoublerHunter on October 12, 2022, 06:44:52 PM

^ It is possible but the high risk would be also tied up.
You can do copy trading on a trading platform that has offer this kind of feature and choose professional traders to copy their portfolio but unfortunately, this is based on luck,

Whe I hear luck, I think of gambling. Copy trading won't really be about luck as, the so called or self proclaimed and acclaimed professional traders have possibly done there analysis and so, your not just really jumping in the market but doing so based on trust in someone else's trade and analysis.

Copy trading is never the best way to go about trading the crypto market, its more of an advantage should you give learning a chance. For this reason, demo mode has been put in place in many exchanges and utilising it to gain experience should be a way to better your chances in trading live. Be ready to build trust in a strategy you would come up with.

As a starter, having luck seems to be in their mind, and mostly do copy trading. Well, I'd never see it as a wrong move as beginners as they are still learning and about to gain experience as I was sure that in the later they will make their own strategies and improve their knowledge and skill so they can stand alone. But to believe these self-proclaimed experts is no longer acceptable to me, maybe for just getting ideas but to rely on them is not the thing we are supposed to do.

Mr.right85

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Quote from: DoublerHunter on October 12, 2022, 06:44:52 PM

Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

^ It is possible but the high risk would be also tied up.
You can do copy trading on a trading platform that has offer this kind of feature and choose professional traders to copy their portfolio but unfortunately, this is based on luck,

Whe I hear luck, I think of gambling. Copy trading won't really be about luck as, the so called or self proclaimed and acclaimed professional traders have possibly done there analysis and so, your not just really jumping in the market but doing so based on trust in someone else's trade and analysis.

Copy trading is never the best way to go about trading the crypto market, its more of an advantage should you give learning a chance. For this reason, demo mode has been put in place in many exchanges and utilising it to gain experience should be a way to better your chances in trading live. Be ready to build trust in a strategy you would come up with.

DoublerHunter

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Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

^ It is possible but the high risk would be also tied up.
You can do copy trading on a trading platform that has offer this kind of feature and choose professional traders to copy their portfolio but unfortunately, this is based on luck, and if you are not lucky enough you will probably be lost all your money in a single snap. I would better not hurry in trading because the best weapon here is your knowledge to lower the risk. Trade with skills and knowledge would be recommended by most experts.

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Quote from: milewilda on October 11, 2022, 04:15:21 PM

Quote from: rendravolt on October 10, 2022, 11:08:03 AM

Quote from: gunhell16 on October 10, 2022, 01:47:27 AM

Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

Of course, to make money here in crypto trading you don't need to be a professional trader. I'm not a professional trader, but at least since I have a few years of experience in trading, I can still make a profit, dude.

As long as you know the basic and usual behavior in an exchange that you are running as an actual trader, it is certain that you will experience profit here, as long as you at least know how to read the candlestick and other tools that you can use in trading.

Maybe an additional suggestion from me, when in a day you profit 5% to 10% of the trade, it is better to immediately take profit. Given that the market is not yet conducive and unstable, it will be very prone to manipulation. Be a smart trader without being greedy.

On general sense then it would really be that recommendable on having that kind of behavior when it comes into making actions on whatever situation you might faced on.Having some small percentage profits or gains
on a single day would really be that sensible for you to pull out and close orders and secure that profit for that day rather than waiting up for more which you cant really be that so sure if you could really still make
profits out of that.Trading without any professional knowledge is suicide, you dont even know on how to make positioning and what actions in regards on various
situations you are facing on.Of course you would be needing that knowledge for you to order to sustain.

If you are in this business to grow and not just basing or leaning with your luck, it's important to have the basic foundation and all along you will learn the deeper process that you can use in order to sustain your benefits, but, just like you mentioned it will be suicide or a risky investment if you will continue doing this without any knowledge.

The common mistake of each trader is to position their investment with their emotions instead of taking your call with more basis and factors that affecting the market movements.

Having the right basis will lead you to a profitable side of this business..

Rengga Jati

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Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

Actually, it is possible, I have friends that are trading with their own skills, doing daily trading in several types of trading activities.
They are not professionals and not even educated in certain technology, program, or other types of this.
But, they are able to do it as a quite professional trader.
How can it be?
By learning.

Learning will help you to gain some knowledge, at least you have the basic knowledge about crypto trading. This is not easy mate, because the crypto basic knowledge about trading also includes several elements, not only about the techniques, but also our management to be able to manage our own emotions, fund, and also control ourselves.

As long as you have a willingness to learn more about crypto trading from whatever you learn, you may gain more chances to be good in trading. You can learn from a professional trainer (it is much better because you will be guided enough), from YouTube, articles, and many more sources. But in this case, you must be selective enough to learn it.

milewilda

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Quote from: rendravolt on October 10, 2022, 11:08:03 AM

Quote from: gunhell16 on October 10, 2022, 01:47:27 AM

Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

Of course, to make money here in crypto trading you don't need to be a professional trader. I'm not a professional trader, but at least since I have a few years of experience in trading, I can still make a profit, dude.

As long as you know the basic and usual behavior in an exchange that you are running as an actual trader, it is certain that you will experience profit here, as long as you at least know how to read the candlestick and other tools that you can use in trading.

Maybe an additional suggestion from me, when in a day you profit 5% to 10% of the trade, it is better to immediately take profit. Given that the market is not yet conducive and unstable, it will be very prone to manipulation. Be a smart trader without being greedy.

On general sense then it would really be that recommendable on having that kind of behavior when it comes into making actions on whatever situation you might faced on.Having some small percentage profits or gains
on a single day would really be that sensible for you to pull out and close orders and secure that profit for that day rather than waiting up for more which you cant really be that so sure if you could really still make
profits out of that.Trading without any professional knowledge is suicide, you dont even know on how to make positioning and what actions in regards on various
situations you are facing on.Of course you would be needing that knowledge for you to order to sustain.

rendravolt

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Quote from: gunhell16 on October 10, 2022, 01:47:27 AM

Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

Of course, to make money here in crypto trading you don't need to be a professional trader. I'm not a professional trader, but at least since I have a few years of experience in trading, I can still make a profit, dude.

As long as you know the basic and usual behavior in an exchange that you are running as an actual trader, it is certain that you will experience profit here, as long as you at least know how to read the candlestick and other tools that you can use in trading.

Maybe an additional suggestion from me, when in a day you profit 5% to 10% of the trade, it is better to immediately take profit. Given that the market is not yet conducive and unstable, it will be very prone to manipulation. Be a smart trader without being greedy.

gunhell16

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Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

Of course, to make money here in crypto trading you don't need to be a professional trader. I'm not a professional trader, but at least since I have a few years of experience in trading, I can still make a profit, dude.

As long as you know the basic and usual behavior in an exchange that you are running as an actual trader, it is certain that you will experience profit here, as long as you at least know how to read the candlestick and other tools that you can use in trading.

LUCKMCFLY

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Quote from: rojan on September 24, 2022, 08:24:42 PM

Quote from: |MINER| on September 24, 2022, 02:31:47 PM

Quote from: Munir575 on September 24, 2022, 01:19:50 PM

If you don't have enough knowledge, I believe it is very tough to make money. You can learn everything about trading without receiving professional training. You at least have sound trading skills. Additionally, you must understand how to interpret price chart patterns and evaluate basic factors. If you are already aware of these concepts, you may stand a decent chance of making money.

Yes in those fact when a trader get into trading without having knowledge about it for the greedyness of earn in short time they lost everything. But if they can capture some knowledge about trading and also for more help to use copy trading I think they can earn from it . Generally I don't prefer copy trading but for the beginning it can be use for little fund .

Newbies come to trading but at first lose all their money. Because of that they start trading without having any idea about trading. That's why they take loss first. I think to trade one must have good idea. If he is lazy about trade he can never make profit. And if he has idea about trade he won't lose. To trade he has to think about many things and then trade. . Otherwise you have to go through a lot of problems.

Well I learned to see trading as a profession where you learn every day and this is something that does not change, for me everything that has to do with trading encompasses all world events, in itself it is a mere speculation, yes it is known how to interpret a trader knows or can predict that according to certain events he could predict where the direction of the market is going, and the trader does not care or become attached to any currency or any action, because he sees it as money, and if it rises Well, the trader wins, if the market goes down, the trader still wins, this is something that must be understood by those who want to be traders, because every day they have to be willing to study.

CryptocurencyKing

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Quote from: Sunrise360 on September 18, 2022, 09:21:56 AM

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

This describes you as one who isn't ready to work but wishes to earn you know. Even a crop farmer after soring, still returns to weed. Its a simple law of nature that applies to investing or trading as you have it.

You never really make much profit out of a business you've got little or zero experience in. Before you go into a business, you ought to seek the advice of a professional of that field. Your inexperience simply means, your out there to make other traders rich as, its a highly risky and experience environment.

Though you might be lucky, luck will surely run out on you. Experience keeps you much longer or a little longer.

Quote from: ?? on ??

Professional training may not be so important just like it was before as everything should always start from a scratch and let your losses be your own motivation to learn and develop knowledge and skills through the available resources online and offline. With the help of free internet nowadays, professional training may not so relevant that even not so good traders could end up as successful traders in the future.

This still stresses the importance of learning. Offline and online, the materials you meet are most likely from professionals and that could be seen for a training of some sort. Also, your success and failures in the market. Its important that you learn at least.

Wawa2013

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Quote from: rojan on September 24, 2022, 08:24:42 PM

Quote from: |MINER| on September 24, 2022, 02:31:47 PM

Quote from: Munir575 on September 24, 2022, 01:19:50 PM

If you don't have enough knowledge, I believe it is very tough to make money. You can learn everything about trading without receiving professional training. You at least have sound trading skills. Additionally, you must understand how to interpret price chart patterns and evaluate basic factors. If you are already aware of these concepts, you may stand a decent chance of making money.

Yes in those fact when a trader get into trading without having knowledge about it for the greedyness of earn in short time they lost everything. But if they can capture some knowledge about trading and also for more help to use copy trading I think they can earn from it . Generally I don't prefer copy trading but for the beginning it can be use for little fund .

Newbies come to trading but at first lose all their money. Because of that they start trading without having any idea about trading. That's why they take loss first. I think to trade one must have good idea. If he is lazy about trade he can never make profit. And if he has idea about trade he won't lose. To trade he has to think about many things and then trade. . Otherwise you have to go through a lot of problems.

Because crypto trading is complicated, we must have patience and good preparation to succeed. Can't a newbie who without knowledge
can become a successful trader, as you said, why are there so many newbies who jump right in to try trading and they end up failing.
So don't rush into the crypto world, we must be willing to learn about the crypto world first, after that start trying to practice trading with
small capital. That way the opportunity to become a successful trader is quite large, we have to go through a long process to be a successful
trader. Can't become a successful trader instantly, therefore don't be lazy to learn to improve our trading skills, and never rely on signals from
other people when trading, we will lose money quickly if trading crypto depends on the signals of other people in the trading group, avoid that
kind of thing. If we want to be successful, we must learn to do our own research and analysis, because signals from other people are not
necessarily accurate.

rojan

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Quote from: |MINER| on September 24, 2022, 02:31:47 PM

Quote from: Munir575 on September 24, 2022, 01:19:50 PM

If you don't have enough knowledge, I believe it is very tough to make money. You can learn everything about trading without receiving professional training. You at least have sound trading skills. Additionally, you must understand how to interpret price chart patterns and evaluate basic factors. If you are already aware of these concepts, you may stand a decent chance of making money.

Yes in those fact when a trader get into trading without having knowledge about it for the greedyness of earn in short time they lost everything. But if they can capture some knowledge about trading and also for more help to use copy trading I think they can earn from it . Generally I don't prefer copy trading but for the beginning it can be use for little fund .

Newbies come to trading but at first lose all their money. Because of that they start trading without having any idea about trading. That's why they take loss first. I think to trade one must have good idea. If he is lazy about trade he can never make profit. And if he has idea about trade he won't lose. To trade he has to think about many things and then trade. . Otherwise you have to go through a lot of problems.

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