Is trading good for beginners? - page 12.

Fredomago

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

Quote from: Mauser on March 07, 2023, 11:03:39 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, 11:03:39 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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Trading in cryptocurrencies can be challenging for beginners, as it involves a complex and often volatile market. The crypto market is highly speculative, and prices can fluctuate rapidly, making it difficult to predict market trends and make informed trading decisions.
However, there are resources available for beginners to learn about cryptocurrency trading, including online courses, forums, and tutorials. It is important for beginners to take the time to educate themselves and to start with small investments while they are learning.

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Quote from: Sakanwa on February 20, 2023, 08:59:02 PM

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?

For me everyone should be a trader at least for just a day. Trading has no discrimination. And I think that for every beginner, trading is a good idea to start with but only if you have knowledge on trading. And to acquire the knowledge is quite easy depends on where you look for it and who you ask. If you don't have any idea or knowledge about trading, investing in it with all your savings is very risky because you will end up loosing everything you invested. Learning first starts with curiosity and next gathering knowledge on trading. Like I said, seek advice from those who have been trading before you, also make research on trading to understand trading strategy before you start trading.

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Quote from: Sakanwa on February 20, 2023, 08:59:02 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?

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.

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Quote from: abel1337 on March 01, 2023, 06:22:37 PM

Quote from: Sakanwa on March 01, 2023, 05:51:03 PM

Thanks for all the point that you all have shown me and I want to if a beginner after seeing the fall of the market system and Fear cut him away then never have to do it again because of fear of what has happened before, what will be your encouragement to such person the has the fear to trade but has the love for trade?

If you love trading, You don't need encouragement. All you need is the knowledge in trading and the confidence in making some trades. There are platforms who is offering paper trade or demo trades, You can practice there so there's no fear in losing some money. If your fear is failing or losing a trade even if there's no money involved, I think you need to overcome it as I believe that there are no trader who is perfect that is nailing every trade that the trader is doing. Failing or losing a trade is normal, What is important is the accuracy rate you have on trading. Fill yourself up with knowledge and you yourself will be the one who will engage yourself in trading.

I agree with what you said. Self-study seems to be what we need so that we can learn quickly in a short time. And that's because, in the trading demo, we can learn a lot there so that we can get used to it and also know what should and shouldn't be done.

Because you can't immediately jump into even a trading platform that you don't even have any knowledge or idea of what you're getting into, it's difficult what you just heard or someone just encouraged you, this is not the right reason for you to enter the trading business.

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In my opinion someone who has zero experience of trading on any speculative market but claims to make money easily through trading is trying to fool the person in front. Those who have been trading for years know how the market works but not newbies.

There is no doubt that trading is not easy.Experience is very important for trading.But now newbies can also trade easily,And if the newbies say that they are making money easily through trading, it will not be wrong.Now there are many exchanges that provide great options for newbies with new features like copy trading and bot trading And this is a big change in the world of trading,in copy trading newbies can follow any best rank trader and earn daily basis by copy trading,Similarly, newbies with Bot trading can trade easily by setting the bot on auto.With this kind of copy trading and Bot trading, newbies can easily do daily trading without any experience.And without any experience newbies can earn very well

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Quote from: Sakanwa on February 20, 2023, 08:59:02 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.

Luzin

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Quote from: Rigon on March 07, 2023, 04:03:02 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.

Those who do not start can never learn. Including trading, you will not be able to without trying. I would say good for a beginner because he can benefit if he continues to diligently learn to do that. It wouldn't be great if the newbie stopped before understanding. Because so far I've got more profit and it adds money to my family's living expenses.
Of course, beginners will feel uncomfortable at first, but it is a process that they must go through to gain experience and then master trading.

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Quote from: Rigon on March 07, 2023, 04:03:02 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.

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Quote from: Sakanwa on February 20, 2023, 08:59:02 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?

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.

Inwestour

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Quote from: Jody.Drummer on March 02, 2023, 01:25:58 AM

This is the best thing to do when it comes to trying.
The condition is that when we learn in terms of material, of course there must be some practice that must be done and learning to use demos is a good solution, although in this condition most people or beginners always skip because they are not very helpful because they think demos are not very interesting because don't use the heart but this can still be used in fact, moreover this can also be minimized prior to a real account and with your real money, of course.

I see a certain danger in demo trading, I recently read on the forum the story of one trader who traded on a demo for a long time and his results were successful, I suspect that this was largely due to the fact that he did not turn on emotions, he was not afraid to lose money .

Then he decided that he was ready for real trading, but since he had no savings he decided to borrow money, in the end he lost everything. Of course there is a moment of borrowed money, this could add additional emotions, but anyway, if he was so successful on demo trading, why did he lose everything when trading with real money? Because these are completely different things, different responsibilities, different emotions that will need to be dealt with.

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Quote from: cydrix on March 02, 2023, 12:09:39 PM

Quote from: Sakanwa on February 20, 2023, 08:59:02 PM

so I wan to know if it's right for the person to begin trading?

Trading can be difficult and risky, particularly for beginners. It necessarily requires knowledge, experience, and expertise. It is critical to carry out research, begin with a demo account, and create a solid trading plan and risk management strategy.

Trading entails risks, and there is no assurance of success. Trading should be approached seriously, not as a game of chance, with realistic expectations and a willingness to accept both profits and losses.

In case of a new trader, it is necessary to acquire knowledge on various subjects. But in all these traders it is not possible to acquire that knowledge. Because in many people that kind of interest does not work or many people are impatient. But patience is one of the few important aspects of a trader. Traders who are not interested in learning about various aspects of trading such as indicators, chart patterns etc. may drop out in a short period of time. There are many who lack knowledge but they continue to trade and once a time they will also leave the platform. That is why gaining knowledge is most important factor in trading life.

A new trader takes interest in trading and he thinks that trading will make profit but he has no idea about loss. Many don't pay attention to the risk, when he loses he realizes his mistake. However, such obstacles will come regularly. And when you can overcome all these obstacles through gathering knowledge, you will be able to identify yourself as a trader.

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I guess with all your ideas and contribution to my question will really help me go along way and also help a beginner that want to start up trade know what to do from all your ideas. Thanks once again!!.

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Quote from: Sakanwa on February 20, 2023, 08:59:02 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?

I believe that YouTube lectures are sufficient for beginners who wish to begin trading. Avoid pricey courses because, in my opinion, if someone has a trick or a special technique that can help them make money from a deal, they won't need to offer courses to make money. Instead of using money to purchase courses, use it to get some trading experience instead. You will learn more about trading as a result.

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Quote from: Stable090 on March 04, 2023, 07:20:24 PM

Anybody that don’t have knowledge about trading can trade but the person will waste money in the process because you will have to start learning, and if you are learning you will waste money, but if you can continue and you don’t give up, you will one day become a professional but it will take time. If you want to trade as a beginner, it’s better you don’t expect profit for now.

If you are trying to learn while working it can go wrong way. Even if you'll start building nuclear plants not learning about it before you'll hardly build even one. So many ones who expect they can become professionals with a profitable trading just basing on their own experience can face out that they will not achieve that anytime. Not just because they can't learn anything in trading but because professional traders are playing against them and professional traders usually keep learning to play even better.

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Quote from: Stable090 on March 04, 2023, 07:20:24 PM

Anybody that don’t have knowledge about trading can trade but the person will waste money in the process because you will have to start learning, and if you are learning you will waste money, but if you can continue and you don’t give up, you will one day become a professional but it will take time. If you want to trade as a beginner, it’s better you don’t expect profit for now.

If we learn by spending our money then it won't be a waste since we try to get more experience, not everyone has money to start learning or start trading so there are a lot of trading simulators out there or we can learn from our friends/communities to teach us how to trading because friends/communities can guide us before we start to trading so we won't lose in waste.

Stable090

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Anybody that don’t have knowledge about trading can trade but the person will waste money in the process because you will have to start learning, and if you are learning you will waste money, but if you can continue and you don’t give up, you will one day become a professional but it will take time. If you want to trade as a beginner, it’s better you don’t expect profit for now.

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While it is possible for someone without any prior knowledge of trading to enter the market and potentially make a profit, it is generally not recommended. Trading involves a certain level of risk and requires a certain level of knowledge and experience to be successful in the long run. Relying on luck or guesswork is not a reliable strategy for trading.
so in the long run, i think his/her luck will disappear.

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Quote from: Nrcewker on March 04, 2023, 01:20:10 PM

Trading without knowledge can be very risky. Trading isn’t easy money. You won’t become rich overnight through trading. I am just hoping that your friend has chosen good coins, or else no one can save him from getting losses. At first you need to understand how the market works, when the price of the coin increases and when the price falls. What marketcap is and how it plays an important role in the part of trading. Nevertheless nothing can be done other than waiting. Let’s hope for the best.

In my opinion, most of the people who first come to trading and face losses are of this nature. They get into trading thinking that cryptocurrency trading is a magic wand to become rich overnight, but they don't know how slippery it can be if they don't tread properly and can slip and break their back. In my opinion, to get out of these misconceptions and do professional trading, even as a beginner, the basic things that need to be known should be learned first. Otherwise they will must face Loss.

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