Earning From Trading Without Any Professional Knowledge - page 4.

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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 may not be easy but if you're for the chance, there is. Like the suggestion of others, you can copy the trades of the experts and from there, it's all like luck is going to work for itself with your trades.
You have no full control over it and since you're starting out, every possible outcome that may come should be accepted by you lightly because you're all there to see if it's possible.
The profit can be made through like just buying around and waiting for a day or two if there's a difference and movement to the market of the coin that you've bought and from there, it's the way to start your trading journey.

AicecreaME

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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's possible, depending on how much precautions you'll take before making any trades. Without doing so, I think you'll experience more losses than winning in trading if you do not posses enough knowledge even as a beginner, that's the truth. You need a foundation to lean on in order to achieve the goal you wanted. Trading is not easy for those who wants to get rich overnight or even in just a short period of time, but if you do have the patient to do so, eventually you'll get in the level where you could make profits easily.

BobK71

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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.

If you are able to acquire knowledge on your own without professional training then I don't think it's a problem. But for those who are beginners in trading, it is not very easy to gain naturally with out knowledge. I will not call this impossible because many have gained by buying any asset in the bull market without realizing or having proper knowledge. On the other hand, many could not retain the money gained due to lack of proper knowledge. So in my opinion it is an essential issue. Everyone should acquire trading skills in any way.

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Quote from: beerlover on September 21, 2022, 12:12:18 PM

Quote from: maydna on September 20, 2022, 08:07:27 AM

~snip~

Those copy-trading people who are willing to share their trades are usually people who would like to promote themselves and that's not always bad, but usually that's a bad thing. It means that they do not truly care about being right or wrong, they care about being followed by as many people as possible and that usually entails getting right back to back, so the "goal" is same, if they make you money then they get famous, good for all.

However, they won't care if you do not make money, they won't be famous and that's bad but they do not lose anything, they just fail to reach their goal, on the other hand you would be losing money and that's not fine.

That's because their goal is to get something from other people. After they are famous, many people will follow them even though not all can follow them because of the limited capital used for trading. But those people think that by following copy-trading, they hope to make a profit like those famous people.

As long as they still have a lot of money to trade and are still famous, they will always share their trades with many people to increase their popularity. But sadly, few of us can benefit from that trade.

arwin100

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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.

You don't need professional training to lear how to trade correctly since you can actually self study some strategies and this is available on internet. There are also videos that can help you up to gather more knowledge about it so best to search them so that you can learn something useful, its just you need to spend more time researching and if you do or done with it for sure all your efforts will be rewarded since you can learn to do critical decision makings towards how the market goes in certain time frames.

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It seems to me that here it is quite possible to draw conclusions, moreover, quite simple ones. If you send an ordinary worker to do a difficult task that requires training - what will he do? Most likely he will make a mistake.

You are right and I would also say trading isn't that easy work ,People usually come to trading thinking that trading is very easy, and most of them who do not understand anlysis and do trade then they have to face losses for investing. But I think that even if there is no professional knowledge in the new situation, trading can be started by making small investment through follow trading or copy trading.

Those wrong believe and wrong mindset would eventually be resulting into those losses and errors since they had really believed on the wrong thing which trading is an easy type of activity or investment step.

You would really be requiring sufficient knowledge and experience for you to deal out very volatile prices specially here on crypto space.You cant really able to find yourself that sustainable if you do lack of these things which it would be that common sense that you would really be needing to do your best as much as you could.

We do all starts on being a noob but eventually those skills will be honed overtime depending on what are the things you've been doing.

noorman0

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It seems to me that here it is quite possible to draw conclusions, moreover, quite simple ones. If you send an ordinary worker to do a difficult task that requires training - what will he do? Most likely he will make a mistake.

Trading is all about "probability", so even a professional is not sure whether the resulting analysis will be right or wrong. In fact trading really isn't that hard, "buy low, sell high" indefinitely. What makes it even more difficult to make trading profits is that you require yourself to set targets and limits.

And also digitization can be a means for beginners to complete professional work with the help of robots or AI.

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Quote from: maydna on September 20, 2022, 08:07:27 AM

Every method has risks. But if you can accept the risk and have learned to reduce the level of risk that we can accept, I think it will be a valuable lesson for us to introspect what we have done. I don't recommend using copy-trading because it's not easy to find real pro traders, and usually, those pro traders use big funds to trade. That means we also have to prepare large funds so our profit level can be greater, and not everyone can have much money to start trading. Another way is to buy bitcoins and keep them for the next few years doing nothing.

Those copy-trading people who are willing to share their trades are usually people who would like to promote themselves and that's not always bad, but usually that's a bad thing. It means that they do not truly care about being right or wrong, they care about being followed by as many people as possible and that usually entails getting right back to back, so the "goal" is same, if they make you money then they get famous, good for all.

However, they won't care if you do not make money, they won't be famous and that's bad but they do not lose anything, they just fail to reach their goal, on the other hand you would be losing money and that's not fine.

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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.

Beginners can profit from trading crypto but must be able to analyze when to buy bitcoins.
Or they can buy and hold bitcoins without using the bitcoins to trade so just buy and hold for a while.
It will be more profitable for them because they will not suffer losses from trading due to a lack of ability to analyze market movements.
If they want to make a profit, they must learn more to analyze well.

Issa56

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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.

If you are planning to go into trading without having professional knowledge then you should be prepared to lose money, trading is not kind of easy the way some people think, if you don't have knowledge and you want to trade you will definitely lose money but you get more experience with time, don't think you will just start trading and be making profit, but I think if you don't really want to lose money then the best thing for you is to buy and Hodl, am not asking you to Hodl altcoins, but buy bitcoin and Hodl to be at a safer side, Altcoins are not reliable and can't be trusted, but if you invest in bitcoin am sure if you can Hodl then you won't lose money.

kryptocanon

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I believe a newbie can earn without having to go through any professional course or training, all the newbie got to do is to also put in work by conducting thorough research either through reading, listening or watching videos. And I think the best way to go about this is by watching youtube videos etc.

Mpamaegbu

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Every professional/experienced person was once an amateur/inexperienced. That's how I cap it. However, when it comes to trading I'm of the opinion that one has to have set skills for it. Skills can be passed from one to another and that's where mentorship comes in. Being mentored by someone who is good at what they do will enable you cut down on unnecessary learning curve and quicken your success rate. If you go alone to do it by yourself, you may record wins but trust me it won't last and may not be consistent.

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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.

Why don't you start earning by practicing medicine or providing legal services, because you also don't have professional knowledge in these areas. So why did you decide that it would be acceptable for you to make money trading cryptocurrency without having professional knowledge? You can try to start trading, but you will still have to pay for your training with your deposit.

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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.

Maybe what you're saying is possible if you can time the crypto you're going to buy cheap and suddenly pump a high percentage, even though you're just a beginner here. But what you say is that you are a newbie and don't have enough ideas or knowledge in crypto trading, you can't earn as much as a professional trader, and you don't have experience in trading. There is no shortcut here in crypto trading my friend, you will make money but not as much as you say you can almost match the income of veteran traders who are already making big money here in crypto.

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Quote from: awik p on September 20, 2022, 01:21:06 AM

Quote from: maydna on September 20, 2022, 12:12:28 AM

~snip~

This method is certainly very risky, because guessing is the same as gambling. but we can choose copy trading to follow, so that the funds we deposit will be run by other traders that we follow, but here the risk is that we have to find a trader who is really a pro, because otherwise our money will be lost too. actually for beginners the safest is to invest in bitcoin, so without analyzing it it will be safer

Every method has risks. But if you can accept the risk and have learned to reduce the level of risk that we can accept, I think it will be a valuable lesson for us to introspect what we have done. I don't recommend using copy-trading because it's not easy to find real pro traders, and usually, those pro traders use big funds to trade. That means we also have to prepare large funds so our profit level can be greater, and not everyone can have much money to start trading. Another way is to buy bitcoins and keep them for the next few years doing nothing.

sumant

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I think it is not possible for a starter to earn from trading without any professional knowledge. Two types of man can earn from trading one who learn everything about trading other who not learn but spend time in trading means experience. If a newbie is gaining profit it will be upmarket where everything is going up. I am started in 2017 gained profit because of upmarket but never learn trading.

danherbias07

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It's possible, just learn the basics first.
Some traders came from doing Forex trading and they just tried to use that knowledge in cryptocurrencies. So basically, they don't really have the knowledge because the fluctuations and the market are different.
You also learn from experience, losses, and more.
Try to also read from different members here about their observations and I am sure it will be a great help to move forward in a faster 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.

I don't think so. Maybe it's possible but your chances of getting profit will be close to zero.

As you may know, some of the traders see trading as their income source already and before reaching that point, they trained, they experienced losses, they learned from their mistakes.

In crypto, if you do not learn you will lose money. If you do not do research, you will lose your money and that's the same with trading. I'm not saying that you need to undergo professional training but at least have some knowledge about it. Make some research first if you really want to trade. I tried trading years ago and I lost because I always let my emotions decide what will I do next. Tried to invest again after I loss and again same thing to the point that I already stopped. You're a starter or a newbie. At least give some effort in learning or training and just don't jump into trading immediately.

RealMalatesta

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Quote from: Solosanz on September 19, 2022, 07:47:17 AM

It's possible, why you're asking? have you not try yourself or all of your trading are now making money?

That's a process of learning because any professional traders will start from the bottom until they learn how to trade correctly and appropriately with certain risk.

If you trade with Bitcoin, no one will manipulate the market.

That's true, you could end up with not something amazing when you are trading and thats fine, but that doesn't mean that you shouldn't invest at all, it just means that you could end up with something or not, and when you do then you are going to be fine about it.

Personally I have started trading with big losses, I kept on losing for nearly a whole year, before I started to study and learn to be better, and the more I studied the better I got and the better I got the more I traded and made more profit. That's why it is normal for people to end up with some returns only after they study and trade for a while, so they can have knowledge and experience together to become a better trader.

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Quote from: maydna on September 20, 2022, 12:12:28 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, it is possible, but you may need more luck to profit because it is the same as gambling. You do not make your own analysis of where the market will move, so you only guess the market movement without knowing anything. Sometimes this can be done and give a profit, but it will not always work because we have seen that the market moves so wildly that even the analysts can make mistakes in placing buy or sell orders.

This method is certainly very risky, because guessing is the same as gambling. but we can choose copy trading to follow, so that the funds we deposit will be run by other traders that we follow, but here the risk is that we have to find a trader who is really a pro, because otherwise our money will be lost too. actually for beginners the safest is to invest in bitcoin, so without analyzing it it will be safer

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