Is trading good for beginners? - page 10.

Quidat

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Quote from: MFahad on April 15, 2023, 11:55:15 AM

The word beginners suggests that a person is now starting and it means that he does not have any experience yet so in my opinion experience and knowledge is necessary element because without these one cannot be performed well. If your friend do not have any knowledge about trading then I will suggest that he should find another job or get knowledge about the desired one as we all know that trading is not easy and second thing is putting money is necessary for trading so if due to lack of knowledge he losses he will be disappointed. There is more chance of losing than enhancing because he doesn't not know the rudiments about trading.

We arent that all knowing beings which there are things in life that we would be able to encounter which we do really have that zero knowledge which means that if we do decide to make out some
engagement then it would really be totally depending on someone or to an individual. Trading is neither good or bad for beginners which we wont really be able to know on what would be the outcome
unless we do try.

This is where we are really trying out to learn up new things because we know that it cant really be just that possible to know on what are the outcomes
if we wont really be making out any actions towards it.Learning is a process and cant be done on a single day.

MFahad

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The word beginners suggests that a person is now starting and it means that he does not have any experience yet so in my opinion experience and knowledge is necessary element because without these one cannot be performed well. If your friend do not have any knowledge about trading then I will suggest that he should find another job or get knowledge about the desired one as we all know that trading is not easy and second thing is putting money is necessary for trading so if due to lack of knowledge he losses he will be disappointed. There is more chance of losing than enhancing because he doesn't not know the rudiments about trading.

cute nmp

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It can be good for both beginner and experienced traders,one need to educate himself well,find a trading plan that suit him and follow a good Trading plan in order to be successful and make consistent profits from the market. Trading is not that simple and it requires a lots of time and effort for one to become an expert in the field.

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Quote from: LUCKMCFLY on March 26, 2023, 11:03:04 AM

Quote from: Sterbens on March 11, 2023, 07:07:18 AM

Quote from: panganib999 on March 09, 2023, 05:08:45 PM

Trading is not something that you think of at 3am and immediately do at 6 am. It requires extensive patience and a little background on the market practices. Analysis is a pretty subjective credential as I don't really think anyone's got a good idea of how the market will move tomorrow but I do understand the logic and discipline involved in making predictions and educated guesses. Ultimately I don't mean to gatekeep but to save your friend the trouble of losing all his hard-earned money on something that he barely knows how to operate from, I would highly suggest he take up a couple youtube videos or so to get a clearer understandign of how trading works in general. That way he wouldn't blame you for his losses, and he's also able to tank losses and understand where he went wrong.

yes, it's true that trading is not a trivial matter, you should not be careless in trading or open a trade if you don't want to lose a certain amount, for beginners you should first understand all the risks involved in trading. know yourself learn to control your emotions and in my opinion the most important thing for a trader is to be able to manage good money management so as to avoid what is called a margin call, this is an interesting thing when a beginner can go through all of this and can get consistent profits over a long period of time certain.

For me, trade is like that job that we have always wanted to have, but that is associated with good information and good decisions, since otherwise if bad decisions are made, it becomes a loss of money and that is something that nobody likes. , obviously things are as they are, for me trading is a lifestyle, but I still don't have the level to live from it, besides, I spend a lot of time learning, I would like to be good at trading futures, but the truth scares me to operate there, I think that for futures you have to be very expert, and I still have a lot to learn, the books are what have really taught me.

Still a lot of things to learn as adjustment is un-avoided when you are into this business, there are chances that even you already anticipating the possible next market movement the chance the direction will go to the other direction, you need to really be ready in anything that may affect your trade.

You can properly adjust when you fully understand the risk and you have the nerve to take each risk upon whatever things may happen.

LUCKMCFLY

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Quote from: Sterbens on March 11, 2023, 07:07:18 AM

Quote from: panganib999 on March 09, 2023, 05:08:45 PM

Trading is not something that you think of at 3am and immediately do at 6 am. It requires extensive patience and a little background on the market practices. Analysis is a pretty subjective credential as I don't really think anyone's got a good idea of how the market will move tomorrow but I do understand the logic and discipline involved in making predictions and educated guesses. Ultimately I don't mean to gatekeep but to save your friend the trouble of losing all his hard-earned money on something that he barely knows how to operate from, I would highly suggest he take up a couple youtube videos or so to get a clearer understandign of how trading works in general. That way he wouldn't blame you for his losses, and he's also able to tank losses and understand where he went wrong.

yes, it's true that trading is not a trivial matter, you should not be careless in trading or open a trade if you don't want to lose a certain amount, for beginners you should first understand all the risks involved in trading. know yourself learn to control your emotions and in my opinion the most important thing for a trader is to be able to manage good money management so as to avoid what is called a margin call, this is an interesting thing when a beginner can go through all of this and can get consistent profits over a long period of time certain.

For me, trade is like that job that we have always wanted to have, but that is associated with good information and good decisions, since otherwise if bad decisions are made, it becomes a loss of money and that is something that nobody likes. , obviously things are as they are, for me trading is a lifestyle, but I still don't have the level to live from it, besides, I spend a lot of time learning, I would like to be good at trading futures, but the truth scares me to operate there, I think that for futures you have to be very expert, and I still have a lot to learn, the books are what have really taught me.

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Quote from: Sakanwa on February 20, 2023, 07:59:02 PM

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

This is definitely a NO. You need have a thorough understanding of how things work before you begin trading. I don't believe in luck when it comes to trading. Yea, I know you can get lucky at some point but even that luck won't save a beginner that has no knowledge of trading. If that's the strategy then you'll lose all your money in a second. It's not like gambling where you can get lucky. I haven't met that much traders but I've met a few and I've none of them operates on just luck.
So advice that someone to take his time and learn trading from the very beginning, that is if he has the interest to be a trader. He needs to learn and understand the nitty gritty of trading (any kind of trading, be it crypto, forex, stock) before he can venture into it.

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Quote from: armanda90 on March 22, 2023, 12:35:35 AM

Depend on which one trading kinds choose by beginner, right now future trading more popular than spot trading because get more and faster profit than spot trading. But with future trading have bigger risk and I think is good choose for beginner with trading in spot, for beginner have mindset with trading not always promising high profit return but some time unpredictable with price drop drastically and we loss our capital.

Good ideas for beginner learn basic and step by step how to start trading exactly in cryptocurrency always have moment fud for making price drop and pump, keep controlling emotion and greedy before start trading in cryptocurrency because many people get bad experience loss in trading due loss control and greedy want to earn more profit.

Yeah I can take that statement, depending from how beginners start their trading participation, like what you mentioned, if you choose future trade meaning to say that you are willing to gamble with your money as the market do have volatile behavior, while if you are more into holding and willing to go for long term wait, spot can help you to wait and understand the adjustments that you needed to do.

Beginners needs deeper information with how the business works and how they can properly adopt with the market movements.

armanda90

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Depend on which one trading kinds choose by beginner, right now future trading more popular than spot trading because get more and faster profit than spot trading. But with future trading have bigger risk and I think is good choose for beginner with trading in spot, for beginner have mindset with trading not always promising high profit return but some time unpredictable with price drop drastically and we loss our capital.

Good ideas for beginner learn basic and step by step how to start trading exactly in cryptocurrency always have moment fud for making price drop and pump, keep controlling emotion and greedy before start trading in cryptocurrency because many people get bad experience loss in trading due loss control and greedy want to earn more profit.

Fuso.hp

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Everything has pros and cons. If newbies are interested in trading then that is very good news but apart from being interested in trading they need to be interested in learning about trading. Because if he does not have enough knowledge about trading then he may face a lot of losses when trading later. So must first gain enough understanding about trading then newbies can move ahead for trading if they want.

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Quote from: Renampun on March 07, 2023, 07:11:38 AM

Quote from: Sakanwa on February 20, 2023, 07:59:02 PM

...
My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

trading is good for all people, especially beginners but trading without knowledge and skills is like someone walking in the middle of the desert without drinking water and food supplies. when I worked as a broker at a gold brokerage before, every day I met people who had a good economy and really wanted to be able to make a profit from trading but they were lazy to increase their knowledge and skills, this is what fraudulent brokers often take advantage of.

trading only relying on luck - trading only relying on friends' invitations - trading only based on FOMO will definitely end up with big losses. trading requires careful preparation - focus - consistency - persistence.

There are so many newbies who enter crypto trading even if they don't know anything because they are willing and ready to gamble because most of them were just encouraged and hyped by the positive things they heard about crypto trading.

After all, they should really learn first before jumping into something like this, we know that its too good to be true, because no one really gets rich here in crypto trading just one night.

topman21

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Trading platforms are not safe for everyone. There are many experienced traders but they sometimes make losses on the trading platform. Trading platform is a very profitable business on the one hand while training platform is a very risky business. But I definitely don't think it's safe for newbies here. There are some new traders who enter here after gaining some experience. They consider themselves to be very experienced after making few trades. I never consider this type of person to be experienced, I think the training platform for them is unsafe.

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Quote from: Sakanwa on February 20, 2023, 07:59:02 PM

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

I think the people you meet are not really being honest telling the truth. he says he has no knowledge of trading, but he uses all his savings to trade and make a profit? how could that be?. it looks very funny and very easy way to earn a lot. so that we know he was not honest with you OP.
It is impossible for people who do not have trading knowledge to be desperate to use all their savings to trade and make a profit from it.

Quote from: andriarto on March 16, 2023, 11:41:15 PM

Short-term trading is risky for beginners

In my opinion, trading is indeed a risky activity or job, but it is not only risky for beginners, even a professional trader cannot avoid the risk of losses that exist when trading.

Quote from: andriarto on March 16, 2023, 11:41:15 PM

for me the wisest thing is to study in theory first so that you have knowledge about short-term trading, and after that don't rush to get big profits and in a short period of time, therefore use small capital first to gain experience. afterwards, we will understand the difficulties that exist in trading, so that we can slowly improve them gradually

what you say is absolutely true and this has been said several times that learning the basic theory is the main key for everyone when they want to start trading, we shouldn't force ourselves to trade right away if we haven't mastered the basic theory and understand how to analyze the market.
after really feeling that we have enough a basic understanding of trading, we are welcome to start practicing trading gradually with small money first and don't ever be greedy to use all of our money to trade.

andriarto

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Short-term trading is risky for beginners, but if we don't start practicing, we will never be proficient in trading. for me the wisest thing is to study in theory first so that you have knowledge about short-term trading, and after that don't rush to get big profits and in a short period of time, therefore use small capital first to gain experience. afterwards, we will understand the difficulties that exist in trading, so that we can slowly improve them gradually

rhodelmabanal

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It is not good for beginners because beginner may loss money because trading is a hard work, i believe that if the trader is a newbie to trading works they have a big chances of loosing,so to those who are beginners i suggest that learn the basic first or consult the expert first before we do trading to make everything fine if there are strategy that you did not understand ask youre expert friend and understand every single detail that he might teach you.

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Quote from: lovesmayfamilis on February 21, 2023, 06:55:45 AM

Can a person be a trader without a general understanding of the financial markets? Is your friend ready to make the right decisions, have an understanding of market trends, and have the ability to manage risk and their own emotions? Well, in addition, to having the ability to adapt to changes in the market, All this and much more do not come in one day; experience and long practice are needed, which bring both mistakes and victories. Of course, if there is interest, it must be thoroughly studied, but one must be prepared that many ravines can be encountered along the way, which ultimately destroy the desire to trade.

There is only one thing that his friend is waiting for, and it is $0 value in his wallet. The concept in trading is easy to understand but it is the one of the hardest job to execute and it is the reason why only few handful individuals are making money from trading. Basic foundation is very important to learn like how to read a chart, how to read a candlestick, how to define a trend, how to identify support and resistance, how to make use indicators, remembering some patterns and also the most important is the trading psychology. If your friend enter in the market without knowing any thing that I mention above, he will be defeated by the market for sure.

Remember that knowledge is power, acquiring knowledge is the 1st thing that we should do before we think how much money that we could earn in trading. Once you have a knowledge then you can apply it in the trading world with confidence and winning attitude. Invest small first, try to experiment different strategies then when you earn confidence, it is the best time to invest huge amount of money.

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Quote from: Bushdark

Whether you are a beginner in trading or not we need to learn how to trade very well before thinking of entering into the market place.
Trading is very hard so we don't need to rush our journey of becoming a trader so we need to calm down and learn the necessary things that would make us a good trader. I have seen some few trades that do not even know how to trade but what they always do is to ask funny questions about the market so they would know when to enter the market and execute there trades. We don't need to be these kind of traders.

Trading required skills, which you need to learn to acquire such knowledge concerning crypto trading before you can decide to trade on your own in the market. If you can exercise patience to learn crypto trading very well like the way potential traders took their time some years ago to learned so many things about Long term trading and short term trading to know the one that is profitable to traders in the community. It will be advisable to learn trading before trading in the market, so that it will help you to embrace profits in your trading and also help you to stay away from losses by buy crypto when the price is low in the market.

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Quote from: Sakanwa on February 20, 2023, 07:59:02 PM

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

We cannot judge people if he or she wants to trade, it is a matter of choice simply because it involves money, we know trading is not simple, and beginner's need to learn more so the better strategy if we are a newbie we need to trade with a small amount an amount that we can afford to loss, and if time will come that we are full of idea or strategy and we learn to trade by our self then we can start trading with big capital.

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Quote from: WatChe on March 14, 2023, 03:00:34 AM

I would say you learn from practical trading not from books or training courses. If you are new to trading then start with small money and gradually increase it. It is imperative to mention that one need to bear losses at every stage of trading. If you have weak nerves and cant bear loss then trading is certainly not for you. Moreover trading (short term) is not everyone game and you need to understand this fact as early as possible to avoid further loses.

How many newbie traders make silly mistakes about which they can read in a children books on economy? If to look even in this forum I'd say that too many. You can make the same silly mistake again and again and still think that you are just not as lucky as others, not every mistake learns us something. So IMO it is important to learn first basics from books, then try to use learning mode of trading and only then try to play at a real market with a small deposit, then lose it anyway and start getting an own experience or left a market if it is not suitable for you.

Bushdark

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Whether you are a beginner in trading or not we need to learn how to trade very well before thinking of entering into the market place.
Trading is very hard so we don't need to rush our journey of becoming a trader so we need to calm down and learn the necessary things that would make us a good trader. I have seen some few trades that do not even know how to trade but what they always do is to ask funny questions about the market so they would know when to enter the market and execute there trades. We don't need to be these kind of traders.

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Quote from: deathcode on March 14, 2023, 12:44:45 PM

Actually trading is good for beginners who already have basic knowledge about trading and crypto and really want to pursue it and accept the risks involved. But it's not good if someone is a beginner with no basic knowledge of trading or crypto at all.

Trading is the same as the work we do, it takes a process or time to learn and gain knowledge and understand the risks of the work we take, not just as long as it is done based on one aspect, but must understand all aspects or at least have basic knowledge about what we're going to do. If the job is carried out without being accompanied by studying special basic knowledge first and only relying on luck, I'm sure one day it will definitely harm itself. It's the same as trading, at least we have to learn and have basic knowledge and understand crypto before trading.

Anyone can trade, but not all of them really understand how to make a profit. So of course losses are a risk for any trader because crypto has very high price volatility compared to other assets.

Because of the risk, every trader may only trade because of his own decision without any coercion. The inability to understand how the market works is self-defeating, so of course getting the right knowledge is recommended before trading.

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