Is trading good for beginners? - page 11.

deathcode

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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.

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.

GreenStox

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I think everyone who studies in anything experiences a struggle to be able to understand and survive in it.
Likewise with trading, I believe that everyone who is just starting trading will find it difficult at first, but over time they will learn.

RockBell

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I would not advise it because it's better to gain enough knowledge before going into trading seriously. Despite that, I prefer to HOLD and get something else to do to get another source of income, trading as its own risk especially trading futures. Trading as a beginner has serious consequences before it will get to the extent of the beginner losing their fund.

WatChe

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Quote from: jokers10 on March 12, 2023, 07:08:27 AM

Trading with a couple of bucks is not the same as trading with millions of bucks and that is not the same as with billions. So couple bucks training will not give you enough experience for trading in general, it is better to learn about trading from books and try training mode with different virtual deposits. And even experienced traders can lose anyway, it is better to keep it in mind and not try to risk too much even when you think you are professional.

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.

jokers10

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Quote from: Sakanwa on March 13, 2023, 02:25:36 PM

Professional or not I don't think in trade they have anything called professional because I have think and tried to be one but not really seeing anything coming out so I initially trade is not manipulated by someone but was built in it own form and pattan .

Market is changing with the time so to keep own form and patterns you should change them as well. And if you think that you are not being manipulated then you just didn't realize that you are being. Trying to understand where and how are you being manipulated can help you in trading as the same way many others are being manipulated the same time but you never know if it is not the manipulation also. And when someone grows into the whale they should learn themselves how to manipulate others as they become too big to play with someone else's waives.

Sakanwa

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Quote from: jokers10 on March 12, 2023, 07:08:27 AM

Quote from: gaston castano on March 11, 2023, 06:01:07 PM

someone who is just starting out trading could get lucky if they do that, but luck won't always be on their side, so they could follow suit but lose all their money in the end.
it's different if he puts in a small part of his money to learn trading, so that when he has experience he can use even more money.

Trading with a couple of bucks is not the same as trading with millions of bucks and that is not the same as with billions. So couple bucks training will not give you enough experience for trading in general, it is better to learn about trading from books and try training mode with different virtual deposits. And even experienced traders can lose anyway, it is better to keep it in mind and not try to risk too much even when you think you are professional.

Professional or not I don't think in trade they have anything called professional because I have think and tried to be one but not really seeing anything coming out so I initially trade is not manipulated by someone but was built in it own form and pattan .

naikturun

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good if they really want to learn trading.
but at first you might find it difficult and also this is a very risky activity so I think he should know the risks before starting.
if you already know about trading you should teach your friend, so he will get some help.

jokers10

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Quote from: gaston castano on March 11, 2023, 06:01:07 PM

someone who is just starting out trading could get lucky if they do that, but luck won't always be on their side, so they could follow suit but lose all their money in the end.
it's different if he puts in a small part of his money to learn trading, so that when he has experience he can use even more money.

Trading with a couple of bucks is not the same as trading with millions of bucks and that is not the same as with billions. So couple bucks training will not give you enough experience for trading in general, it is better to learn about trading from books and try training mode with different virtual deposits. And even experienced traders can lose anyway, it is better to keep it in mind and not try to risk too much even when you think you are professional.

LUCKMCFLY

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Quote from: xSkylarx on March 02, 2023, 01:44:31 AM

Quote from: Reatim on March 02, 2023, 01:04:54 AM

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?

Of course everyone has chance , but the problem is how much is the chance? I mean if you are going to invest that amount would it be doubled or lose?
because there is no assurance here even those knowledgeable sometimes experience defeat so what more those chance taker?
invest when you are ready and never use trading as gambling area because they are different .

If you are going to trade you should be aware that you will lose no matter how professional you are because that is the part of trading . You should accept it and learn from it because that is your teacher and will teach you valuable lesson . Also trading is very far from gambling as you are just basing with luck then if you want to trade and relying on luck then for sure in the long run youll be frustrated as you are losing a lot

In trading there will always be profits and losses, obviously when there is a novice his main tendency will be to lose, or he may be very lucky and win, but the activity that can most often occur is to lose, and the bad thing is that a novice You will never accept that you must read, learn, and apply all your knowledge, sometimes the emotions of novice traders make you operate without knowledge and that is the worst of all mistakes, because it translates into loss of money, and that is already something delicate, because trading is not gambling.

gaston castano

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someone who is just starting out trading could get lucky if they do that, but luck won't always be on their side, so they could follow suit but lose all their money in the end.
it's different if he puts in a small part of his money to learn trading, so that when he has experience he can use even more money.

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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.

Fredomago

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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.

Better understanding is still the best foundation when dealing to something, especially if there's money involve it's tough to push yourself into something that you are unsure on what you are doing, you should focus on each knowledge that you can gather to make sure that you are well equipt before jumping or starting your journey.

With your idea, there's always the right way to start your investment to make sure that you will be able to protect your hard-earned investment.

Bollexz1

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I honestly wouldn't advise a beginner to engage with day trading for a start, the best they could start with is investing in top coins for long-term profit.

panganib999

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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.

JeremyW99

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People who doesn't understand technical analysis can have a lucky streak by just blindly buying and selling, but that luck will run out eventually, and since they don't know about risk management and other basic trading principals, they'll eventually blow through their account.

If they want to trade, they should invest the time to learn.. and practice with a very small amount just to practice until they become consistently profitable.

cute nmp

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Trading is not easy and requires lots of skills for one to be profitable.It takes a lot of time for one to become a professional in the field of trading.Dont think it is a good idea for a beginner trader to invest all his saving in trading,better to play it safe and step by step.

death69

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Quote from: borovichok on March 07, 2023, 05:14:38 AM

Quote from: Rigon on March 07, 2023, 03:03:02 AM

In fact, trading on the side of newbies becomes like a fortune. There must be some minimum experience for trading. When a newbie starts trading, if he doesn't get some experience, he won't be successful in trading. One must rely on his luck to make a profit. Whenever a person gains some experience in trading, he will automatically understand when to trade and when to sell the trade. So I think the surplus person you give should have at least some experience about trading.

The ultimate goal of every trader is to see their portfolio stock with massive earnings from trading positions. Setting up a trade is extremely simple if one has gone through the fundamental, technical training and gained knowledge of how the market functions. For beginners who are serious about making good profits from the market, trading is definitely advantageous. Losses occur because of the necessity of experience in the field; they are inescapable. A novice would suffer significant losses in the market in order to learn from them and avoid making the same mistakes again. In this field, luck also plays a role; it has sustained traders, and in essence, it also depends on risk management.

The trading industry is quite intricate. While luck could play a role, it would only be a little one. The market's technical and fundamental aspects must be understood well if you wish to succeed. Let me tell you, trying to correctly anticipate market movements is like trying to successfully apprehend a snitch while blindfolded. So here's the deal: defeat is inevitable; the important thing is to use it as a teaching moment. In order to advance in this industry, you must adopt this strategy. Furthermore, I will not even begin to discuss the fast schemes. Without having a broomstick makes it difficult to play quidditch. One mistake and you're out of the game. Due to the volatility of the market, it is essential to maintain a high level of vigilance.

Davidvictorson

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Although luck would only have a very minor impact at first, I seriously doubt the person would make any money given the greater risks that an uninformed person would face. Without the necessary knowledge, understanding, and substantial trading experience, a newbie will chase losses, incorporate emotions into their trading decisions, and make several mistakes. That person will never be able to appropriately analyze the market, trade, or manage risk. They will also never be able to utilize the best approach. In conclusion, no novice trader should start until they have completed the proper trading courses, have used a number of trading demos, have obtained a mentor, or are part of a network where they can learn from other experienced traders.

Fredomago

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Quote from: Inwestour on March 09, 2023, 08:25:44 AM

Quote from: Mauser on March 07, 2023, 10:03:39 AM

Yes anybody can be profitable in trading, even someone who has no clue about trading can be lucky and invest in the right project. The question is how likely is it for the luck to stick around or is he going to lose his money eventually. I would recommend anybody that is interested in trading to first read about it and study to get some basic knowledge. This doesn't mean we need to spend years to learn everything, a few days and some good articles can teach the basics. After that I would recommend to start trading very small. Theory is one thing, even better is to already apply theory in practice and see how we are doing. As long our positions are small we don't face the risk of losing a lot of money.

I would say that many years of practice will be required for good results, because it is one thing to learn all the theory and another thing to be able to apply it in practice.

In addition, the market does not operate according to textbooks, everything does not really happen as clearly as in the examples that are described in books, everything can be much more complicated, and this becomes clear only after the fact of how it happened.

In addition, you need to be aware that you will lose money, not all transactions will be profitable. Sometimes you will need to close deals with small losses, and beginners need to be prepared for this. It will not be such that everything will turn out well at once.

Good point, there are things that's very different from the book and in actual trading, you needed to prepare yourself and keep doing your practice to anticipate much better, there are times that you are very sure with your decision but the market will go the other side and you will lose your investment.

Times, that you needed to adjust and accept your losses but re-trying your position and try to recover is also possible if you understand some open opportunities to take.

Always matter with how you desire and understand how the market will flow and keep doing your best to keep on track and
enhance your strategy to make a good call and a profitable execution of your trade.

Inwestour

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Quote from: Mauser on March 07, 2023, 10:03:39 AM

Yes anybody can be profitable in trading, even someone who has no clue about trading can be lucky and invest in the right project. The question is how likely is it for the luck to stick around or is he going to lose his money eventually. I would recommend anybody that is interested in trading to first read about it and study to get some basic knowledge. This doesn't mean we need to spend years to learn everything, a few days and some good articles can teach the basics. After that I would recommend to start trading very small. Theory is one thing, even better is to already apply theory in practice and see how we are doing. As long our positions are small we don't face the risk of losing a lot of money.

I would say that many years of practice will be required for good results, because it is one thing to learn all the theory and another thing to be able to apply it in practice.

In addition, the market does not operate according to textbooks, everything does not really happen as clearly as in the examples that are described in books, everything can be much more complicated, and this becomes clear only after the fact of how it happened.

In addition, you need to be aware that you will lose money, not all transactions will be profitable. Sometimes you will need to close deals with small losses, and beginners need to be prepared for this. It will not be such that everything will turn out well at once.

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