Topic: Is trading good for beginners? (Read 2996 times)

Some beginner do not have mentors or teachers that teach them how to become trader and be trading very well, they learn how to trade on their own but do not see the mistakes that they are getting. They think that they can learn without the help of other individual that already have the experiience to guide them so they do not make mistakes that will make them to lose money I want to be very good at trading and I am still learning from my mentor despite having gotten some lessons that I can use to start making money on my own. Trading is good for every individual that knows how to trade very well and can make profits. You can be a beginner but you are making profits therefore you do not have to stop trading. Only people that do not have luck when they start trading that should not be trading

Their experience is going to be better if they have a mentor but many of them just starts out even without having one. So, they're learning from their own but it's like walking in the cave without that light at the end of it. That's the hard way and many does that and those that have an instructor or mentor, they're lucky because there is someone or many of them that guide them with how they trade and giving the market insights and strategies about candles, bars, etc.

Indeed, novice traders tend to be like that, they are very eager to immediately start their real trading. Even without trading experience it would be very risky to do. If novice traders have an instructor who provides guidance at the beginning, it might not be a problem to just learn and try. but if they only see it from channels or videos it will be very difficult to control.

I believe that beginners who want to trade are because of fomo or hype that is currently happening in the market. and it makes beginners think that making money from trading is very easy.

You can disagree with me but it's the reality that I have seen in real life newbies trying to enter trading with real money. That's what they think is the best for them and I think that they won't do it recklessly. Me as a newbie before, I didn't try any of these demo accounts but went for real trading.

Facing the real thing in trading is what they think is the right approach. In our opinion, there's a different and better way but that's us and not them. Who are we to stop those newbie traders if they want to go ahead and trade asap with real money, right?

Well, lets say it like this, starting to trade without prior knowledge is possible but comes with significant risks, especially for newbies. While the potential for profit exists, the financial markets are complex and can be unforgiving. It's crucial for beginners to approach trading with caution, dedicating time to learn about the markets, understand risk management, and gradually develop a solid trading strategy. Jumping in without this foundation can lead to substantial financial losses. Therefore, it’s important to start with small, affordable investments and prioritize education and practice, possibly through simulation trading, before committing substantial funds.

yes, and I can add one more perspective, another critical dimension that often goes underappreciated is the psychological aspect of trading. The emotional rollercoaster that traders can experience, especially when faced with the volatile highs and lows of the market, can significantly impact decision-making. It’s not just about having a solid strategy and understanding the technical aspects, it’s also about managing your emotions and staying disciplined.

For instance, the fear of missing out (FOMO) can drive traders to make hasty decisions, entering trades at inopportune moments simply because they see others making profits. Conversely, fear of loss can lead to holding onto losing positions for too long, hoping the market will turn in their favor. These emotional responses can derail even the most meticulously planned strategies.

Therefore, cultivating emotional resilience and discipline is as crucial as developing technical expertise.

Yes trading will be able to provide us with benefits, especially having additional income if we treat trading activities in accordance with what is recommended by common sense, because obviously when from the beginning you understand the whole world of trading then I am sure that you will not be too inclined to think about how to make a profit but you also will not dare to ignore the risk management aspect because after all trading is always about decision-making activities that involve risk.

Usually people who come with too much stimulated by the profits achieved by others then they will usually be more inclined to the profits alone without paying attention or even preparing something very important to minimize or prevent the occurrence of dominating and significant losses which in the end yes obviously market fluctuations will trap them in many losses. Yes that's right, the first step that beginners should do is to learn about the basic concepts of the world of trading, how to trade, learn strategies, prioritize risk management and also have good money management and self-control, because this is what will allow you to make profits along with being able to prevent you from the possibility of significant risk. A demo account can be a great alternative for initial basic learning to understand the market situation as well as understanding all the features of the trading platform, and my opinion is that you will have a chance to achieve your goal of success when you treat trading the right way and avoid all the restrictions and also do not forget to work hard and always be consistent in learning.

Trading can be a rewarding venture, but it's crucial for beginners to approach it with caution. The financial markets are complex and can be volatile, making them challenging for newcomers. It’s important to start with a solid foundation of knowledge, understanding the basics of the markets, different trading strategies, and risk management techniques. Many experts recommend beginning with a demo account to practice without financial risk. Additionally, investing in education and possibly seeking guidance from more experienced traders can be incredibly beneficial. In summary, trading can be good for beginners if approached thoughtfully, with a commitment to learning and a clear understanding of the risks involved.

I strongly disagree with you. There is a whole lot that is wrong for a newbie to start with a real account, I will never advise anyone to try that unless they are just prepared to lose money senselessly. The demo account is the right account for the beginners and they must get to a certain level of professionalism before they can start introducing themselves to a live account for their money safety. Although this is not advice binding for everyone, especially those smart ones who can be determined to use the live account for training but with a ridiculously lose risk. Even at that, I prefer the cent account for this kind of beginners because they might think that they will be able to cope with the low risk in trading with the live account but emotion may creep in at any time to force them into acting against their initial plans and losing more than what they bargained for.

I've heard enough stories about trading. I mean stories that are good, bad and ugly, and among them, the most disastrous are those of the new beginners that are headstrong, they are too confident believeing that they know it all just because the market was favourable when they started. They could be tempted, deceived and hardened to the extent that they would even add more money, but in the end, they will lose everything. Even if they invest again, they will still lose it. This is why it is good beginners are wise, the Management and Psychology are key here in beginning. It take time before you develop them properly and be on top of your game. Why not wait instead of wasting money?

Everyone starts on being a noob on which it would really be just that a common approach that they would really be having that kind of mindset on trying to fast track on everything because they are excited on making money or making profits with real trading, until they would really be able to face up the real thing on the the that they would really be able to experience that harshness of this market. Everyone starts on being a noob.
We cant really be able to tell whether this one is good for them or not, you wont really be able to know not until you would really be trying it for yourself. We do start on being a noob so it would be a normal
approach that we do believe that it was easy but in reality its never been that easy and this is where you would really be making out adjustments.

One things for sure that its never been that easy for you to deal with. Its not something that you cant be able to handle or get it directly or a short time period. So it would really be just that normal
that there would be those wrong assumptions from the start.

Yes, no doubt that there are newbies that want to do it with real trading and that's why they're all good with losing money as they start because they have no control over it. They are learning on a quicker phase if they do that and that's the reason why they're doing everything they can as they keep up with how they're building their strategies when they start. Nothing wrong whether demos or real money, the important thing is you're learning and trying to be good at it.

You're right, it is a common way to use demo account but not everyone wants to try demo account. Some people prefer real trading, they can get the basic information about trading through YT video. However, it is always using small funds when it is the first time trading. This is also the right way, people want to get real experience in real trading. If they use demo account, they won't get real experience. However, it totally depends on the individual of the beginner whether they think demo account is needed or not.  

If we have learned the basic things, it is okay to begin real trading. Sure, always remember to use small funds. The focus is to get experience and be more familiar with trading. When we are beginners, we don't expect too much on earning huge profits.

Actually trading is for everyone and everyone has the opportunity to achieve success in the world of trading and if we talk about beginners, don't all traders, especially those who are now successful, start from a beginner who doesn't know anything at all? of course, meaning that a person's best achievements in the world of trading depend on how they go through the process of their trading journey, if for example they really have a strong intention and determination to learn then surely over time they will also have a lot of useful experience to develop their knowledge which will lead them to better results or achieve big profits.

Trading is always about the opportunity to gain profits and the possibility of experiencing losses, although having a lot of experience cannot make you completely avoid the possibility of loss but at least by having a development in terms of experience as a result of your hard work in learning then the possibility of loss will be minimized, so in essence this is a matter of time to gain a lot of experience and also a matter of intention and strong determination in terms of learning to gain a lot of knowledge.

For familiarity then i would say that demo would really be that relevant but in overall learning and making yourself that be able to enhanced then i wouldnt really be that sticking into demo trading.
Whenever you've seen that you are making well on demo trades, then as soon as possible then you should really be doing those live trades or something that you do make use of real money into your trades because
making up trades without having something that being risks is really that not making you better because you would really be that confident since you are risking nothing. One of the main things on why people cant really be able to make improvements just because they dont want to have that risks taking. On the time that theyve seen their demo trading is fine and profitable then on the time that they do make out some real trading with real balance then everything would really be changing up. Totally different when you do make out trades with actual balance and this is something which is really that you can tell the difference.

     It's like learning how to drive a car; you can't immediately hold the steering wheel without knowing the basics; you have to know that first. You can't drive a car right away without
even a basic idea.

     So it's the same with trading: learn the basics first, and when we know the basics, if you really can't stop yourself from doing an actual trade right away, you can try it right away as
long as it's a small amount first. That's the only thing that will happen because you don't really have an idea about trading; it will be the basis of your trading. You will guess what the price of the coin is because you don't know anything about reading the chart on the graph.

This is logical because if a person is not well versed in trading then he can never make good profit. If he does not get good experience in trading and if he is ignorant about the market, then he will not profit, but his money will be more likely to lose. But here some time depends on luck and can gain small amount but most of the time he has to lose money. Since that person doesn't know how to analyze the market well and doesn't have much experience with candlesticks, he can lose his money at any time. That's why I would say first he needs to get education about trading and know the market better when he gets good experience and start trading on his own. But if he trades without understanding then it is not good for him at all, that's why he should learn to analyze the market before trading then he can profit by trading.

Using a demo account is a common practice nowadays. Before it was like a real thing that you have to experience everything with plain cash and you bear the losses that comes from it. But this time, you can have these tests and trials for your own convenience whether you think that you'd be good and you'll be able to make some real money afterwards. So, it's up to the trader as a beginner on how he's going to see himself and judge based on what he's got whether he's good or not yet.

Honestly, the whole idea of trading with no background knowledge sounds pretty daunting to me. It’s a bit like hearing about a shortcut to a treasure but not having a map or even knowing how to read one. I’ve seen folks around me get super excited about trading, thinking it’s a fast track to making money, but I’m more cautious.

I started peeking into some beginner resources, and there’s a lot more to it than just guessing which way the market will swing. It’s complex, and from what I gather, it involves a fair bit of strategy and understanding market signals, not just luck or following a hunch about whether prices will go up or down.


True, its like you’re not just learning to trade, you’re learning to navigate the market’s ever-changing moods. The idea that we could still find our footing, maybe even break even or snag a profit under the right conditions, is pretty encouraging. It shows there’s a silver lining for us beginners as we’re collecting these experiences and slowly but surely crafting our trading mindset. Each trade teaches us something new, helping us grow beyond just the aim of making money. Its about becoming savvy traders, one step at a time.

It's also not about the knowledge but mostly the experience necessary for trading. Because the market is not always how it was portrayed in a course or a book. Most of the time you cannot understand it. So you need experience. You need to encounter different market sentiments in different market seasonality. If you do have the experience, then you have an advantage. If you don't have the experience d then can't you be profitable? No. If your system happens to be profitable in the right market condition, then you can make more money at least play at break even as a beginner.

When you are just starting, you cannot simply expect yourself to be making more amount of money. You just need experience and build right mindset along with it.

True, I agree with you on this issue, which I see lately quite a lot of beginners who come without bringing any preparation, they come and get involved without being based on qualified knowledge and knowledge that will be the basis for consideration in terms of making decisions to open trades and all because they are too focused on profit opportunities that they think are easy to get when obviously if you already know about how to trade surely you will say that making profits in trading is not easy.

Opening a trade with a high level of risk such as using high leverage means that the possibility of risk will also be very high. Misunderstanding from the start about how trading works to really be profitable is a concern in this case, they think that making a profit is not difficult, even though sometimes traders who already have high flying hours or who are experienced are still often trapped in loss situations and even they find it difficult to really make consistent profits, especially those who are still beginners. So it's only natural that in the end losses dominate.