Is trading good for beginners? - page 13.

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Quote from: Fredomago on March 01, 2023, 06:48:22 AM

A beginner luck might happened but along the way, without real knowledge with the business he will be out of luck and start losing his investment, beginners should start the right way by doing research and investing time to understand how the market works and what are the things that he needed to know before making his first attempt to trade.

It's important that you have the glimpse on how things may proceed and you know how to work your way to succeed.

Basically it's about the bear and bull markets for sure. Any newbie could end up making a good amount of money during the bull market, specially during those peak times when some random coins and tokens all go berserk. However, when the bear period starts we are not going to see those newbies end up making any profit at all, in fact they are going to end up losing a ton of money.

I have seen so many examples of this, literally people who lost houses over this, why? Because they saw the bull run, turned their thousands of dollars into hundreds of thousands of dollars, and then they bought a house and all that with it, used it as equity, and then lost it all during bear market.

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

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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

My point of view is similar to yours: once we have entered the trade, we should accept losses as we will inevitably encounter them. Moreover, as a newbie, you will incur bigger losses, if you are not ready for losses then you should not start trading.

It can be said that trading can give you daily profits and even very high returns, but the higher the profit, the higher the risk. Trading isn't as simple as holding, so it's not for everyone.
By the way, trading is gambling if you don't have knowledge about it, you trade on emotions it's no different from gambling.

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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

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Quote from: milewilda on March 01, 2023, 04:13:30 PM

Quote from: coinerer on March 01, 2023, 09:34:46 AM

If one wants to do trading it means he must know and understand at least something about trading. If one understands about trading and knows about its risks then of course he can trade it is his personal matter. But he must not panic while trading. And for trading he must learn to analyze or join a channel from where he can get actual signals then he can profit from trading or else he can invest and hold for long time in potential coins like bitcoin or ethereum.

Know the basics and it should be standard because you cant just dive in into a particular thing without even knowing on what it is, if you are having that kind of behavior on which you are really that in a rush on dealing up with something then you would really be that prone into lots of errors and this is why you should really be that sensible in regarding on what into your actions.Trading is good but if it would really be done on the right way.Its not something a skill that could really be acquired in short time as possible on which we do know it does take lots of efforts and you would be experiencing lots of losses and just been said that it is
something that cant be avoided.

Yes, basic things like this are important for them to know because it will increase their awareness of what they are doing. But from what I'm observing now, there are lots of them who choose shortcuts, yes they prefer to follow trading signals for example. I'm not going to blame it because they can also learn from it, but the problem is they do it without knowing what they are doing, I mean they don't know what the reason is when they open a trading position. That should be avoided by studying first.

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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?

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 .

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Quote from: abel1337 on March 01, 2023, 05:22:37 PM

Quote from: Sakanwa on March 01, 2023, 04:51:03 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.

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.

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Quote from: Sakanwa on March 01, 2023, 04:51:03 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 have a love for trading but are feeling fearful due to past experiences --just remember that every trader goes through both ups and downs in the market. It is natural to experience fear and uncertainty, especially as a beginner. When it comes to approaching trading with a clear and informed mindset. Before diving into trading, make sure to educate yourself on the market, the risks involved, and different trading strategies. This can help you make more informed decisions and reduce the likelihood of making impulsive trades based on emotions.
For me --trading is not for everyone and it is okay to take a break or seek help from a professional if you are feeling overwhelmed. Trading can be a rewarding and exciting experience, but the willingness to learn and adapt is your priority first.

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Quote from: Sakanwa on March 01, 2023, 04:51:03 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.

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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?

milewilda

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Quote from: coinerer on March 01, 2023, 09:34:46 AM

Quote from: Fesatmas on March 01, 2023, 08:18:54 AM

Quote from: Lanatsa on February 28, 2023, 02:57:25 PM

All of us do really start on being a newbie on which we do know that errors and mistakes could really happen along the way and its inevitable.Good or bad, we are really that falling on the same situation.

It is really just on how someone would be handling himself towards trading because not all could really be able to bare up with the risks involve.It is really just that one thing in common with
newbies is that they do really think that trading is the fastest way on getting rich.

Once you do have this kind of belief or mindset then you are really that on the wrong direction because this isnt how this works.

Those who have such thoughts then they don't know what trading is. And it's usually experienced by beginners, we can't blame them for their ignorance that makes them think like that. I'm sure if they already know what trading is, they won't have the wrong mindset. They only need to be directed to be given education about what they really do, and that is our duty as the first people to know about this trade. If we don't direct them, they will continue to be in the wrong mindset.

If one wants to do trading it means he must know and understand at least something about trading. If one understands about trading and knows about its risks then of course he can trade it is his personal matter. But he must not panic while trading. And for trading he must learn to analyze or join a channel from where he can get actual signals then he can profit from trading or else he can invest and hold for long time in potential coins like bitcoin or ethereum.

Know the basics and it should be standard because you cant just dive in into a particular thing without even knowing on what it is, if you are having that kind of behavior on which you are really that in a rush on dealing up with something then you would really be that prone into lots of errors and this is why you should really be that sensible in regarding on what into your actions.Trading is good but if it would really be done on the right way.Its not something a skill that could really be acquired in short time as possible on which we do know it does take lots of efforts and you would be experiencing lots of losses and just been said that it is
something that cant be avoided.

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Quote from: John Abraham on February 27, 2023, 10:27:13 PM

You don't have to be the best trader to start trading. Right?
You have to know how to trade and where to trade. I am not talking about bot trading here. I don't suggest bot trading as it won't help you to learn trades. I do not agree that you must lose your money to learn to trade, and it will teach you the best lesson. If you are a billionaire, that's a different case. But, On an online platform, You shouldn't suggest such things.

Surely demo balance and demo trades help newbies how to do it. Even some casinos offer demo tokens to test their games. Some of them offer faucets for their games. Did you see when a new medicine invent, researchers never test them on a human at the beginning? They try it on other animals first. You don't have to lose to learn something. I respect your opinion. But, I don't agree with you.

I think you do not have to be the best trader to start, nor you would need a bot to trade, or you MUST lose money, those are all very true. However, you also can't start (or shouldn't) when you have absolutely no idea, you should study and learn a bit before you do anything, a month or two with some courses and demo trading would definitely help you, you won't be the best but you won't be the worst neither.

And about losing money, when you trade, you will always end up losing eventually, when you are a newbie you lose more frequently than veterans, that is just a fact and we can pull data from newbie traders on exchanges versus veterans and can see that. It's better learn from them at least.

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Quote from: Fesatmas on March 01, 2023, 08:18:54 AM

Quote from: Lanatsa on February 28, 2023, 02:57:25 PM

All of us do really start on being a newbie on which we do know that errors and mistakes could really happen along the way and its inevitable.Good or bad, we are really that falling on the same situation.

It is really just on how someone would be handling himself towards trading because not all could really be able to bare up with the risks involve.It is really just that one thing in common with
newbies is that they do really think that trading is the fastest way on getting rich.

Once you do have this kind of belief or mindset then you are really that on the wrong direction because this isnt how this works.

Those who have such thoughts then they don't know what trading is. And it's usually experienced by beginners, we can't blame them for their ignorance that makes them think like that. I'm sure if they already know what trading is, they won't have the wrong mindset. They only need to be directed to be given education about what they really do, and that is our duty as the first people to know about this trade. If we don't direct them, they will continue to be in the wrong mindset.

If one wants to do trading it means he must know and understand at least something about trading. If one understands about trading and knows about its risks then of course he can trade it is his personal matter. But he must not panic while trading. And for trading he must learn to analyze or join a channel from where he can get actual signals then he can profit from trading or else he can invest and hold for long time in potential coins like bitcoin or ethereum.

Fesatmas

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Quote from: Lanatsa on February 28, 2023, 02:57:25 PM

All of us do really start on being a newbie on which we do know that errors and mistakes could really happen along the way and its inevitable.Good or bad, we are really that falling on the same situation.

It is really just on how someone would be handling himself towards trading because not all could really be able to bare up with the risks involve.It is really just that one thing in common with
newbies is that they do really think that trading is the fastest way on getting rich.

Once you do have this kind of belief or mindset then you are really that on the wrong direction because this isnt how this works.

Those who have such thoughts then they don't know what trading is. And it's usually experienced by beginners, we can't blame them for their ignorance that makes them think like that. I'm sure if they already know what trading is, they won't have the wrong mindset. They only need to be directed to be given education about what they really do, and that is our duty as the first people to know about this trade. If we don't direct them, they will continue to be in the wrong mindset.

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Quote from: Fredomago on March 01, 2023, 06:48:22 AM

Quote from: Crypto Library on February 28, 2023, 05:32:53 PM

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?

If beginner means he has no knowledge about trading, he does not know how to do chart analysis, he only knows that trading can earn profit then trading will never be profitable for this beginner traders. Yes it's also true that some times it can bring profit and it will not be long sustainable at the end of the day he will face loss with his entire fund.
I wanna also say that this kind of trading is gambling not the part of trading. So even if you wanna become a beginner trader, you must first acquire minimum knowledge of how to read candles otherwise it will never be good for you. And I think it is better to start trading without taking a big fund go with small fund for the beginning with also the knowledge.

A beginner luck might happened but along the way, without real knowledge with the business he will be out of luck and start losing his investment, beginners should start the right way by doing research and investing time to understand how the market works and what are the things that he needed to know before making his first attempt to trade.

It's important that you have the glimpse on how things may proceed and you know how to work your way to succeed.

Well, in the first place, we don't have to rely on luck but rather rely on our capabilities. Having knowledge of something we have to do is simply the ticket to where we want to go (success).
As a newbie to trading, we can expect tragic losses and disappointments and that is because we don't have experience but have no knowledge at least knowing the basics is somewhat terrible. And we can expect the worse possible scenario. That is why I encourage newbies to never underestimate trading instead, make themselves prepared before trading.

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Quote from: Crypto Library on February 28, 2023, 05:32:53 PM

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?

If beginner means he has no knowledge about trading, he does not know how to do chart analysis, he only knows that trading can earn profit then trading will never be profitable for this beginner traders. Yes it's also true that some times it can bring profit and it will not be long sustainable at the end of the day he will face loss with his entire fund.
I wanna also say that this kind of trading is gambling not the part of trading. So even if you wanna become a beginner trader, you must first acquire minimum knowledge of how to read candles otherwise it will never be good for you. And I think it is better to start trading without taking a big fund go with small fund for the beginning with also the knowledge.

A beginner luck might happened but along the way, without real knowledge with the business he will be out of luck and start losing his investment, beginners should start the right way by doing research and investing time to understand how the market works and what are the things that he needed to know before making his first attempt to trade.

It's important that you have the glimpse on how things may proceed and you know how to work your way to succeed.

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Quote from: jokers10 on March 01, 2023, 01:56:11 AM

Quote from: John Abraham on February 28, 2023, 03:41:38 AM

...
You can always suggest them to try training mode with demo balance before they start trading with real money.

Of course we should do so, but if we think that it is enough and knowing that majority of newbies will hardly follow the advice will stop on that will it be good advice?

It's not bad advice, either. Sometimes we have to be more thick-skinned like LoyceV. It's like we did what we had to do. After that, if they do not follow the instruction and lose their money. You have no fault. But, when you they will see that there was a training mode and you didn't suggest them because you thought they wouldn't follow you. They will make your suggestion questionable.

Quote

As I said we should also inform that even experienced traders lose and that nearly 100% every newbie will lose very fast so after they try training mode they still shouldn't play with big money. For very long time they should play not more than with amount they are ready to spend on entertainment as highly likely they'll lose it all! It's not about to recommend training mode or not, it's about to recommend it and recommend not to risk their savings after that anyway.

You got a good point here, and I agree with you. They can try with the money they are ready to spend on entertainment. Buddy, we are talking about newbies. I already shared what I had to say.

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Quote from: John Abraham on February 28, 2023, 03:41:38 AM

...
You can always suggest them to try training mode with demo balance before they start trading with real money.

Of course we should do so, but if we think that it is enough and knowing that majority of newbies will hardly follow the advice will stop on that will it be good advice? As I said we should also inform that even experienced traders lose and that nearly 100% every newbie will lose very fast so after they try training mode they still shouldn't play with big money. For very long time they should play not more than with amount they are ready to spend on entertainment as highly likely they'll lose it all! It's not about to recommend training mode or not, it's about to recommend it and recommend not to risk their savings after that anyway.

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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?

If beginner means he has no knowledge about trading, he does not know how to do chart analysis, he only knows that trading can earn profit then trading will never be profitable for this beginner traders. Yes it's also true that some times it can bring profit and it will not be long sustainable at the end of the day he will face loss with his entire fund.
I wanna also say that this kind of trading is gambling not the part of trading. So even if you wanna become a beginner trader, you must first acquire minimum knowledge of how to read candles otherwise it will never be good for you. And I think it is better to start trading without taking a big fund go with small fund for the beginning with also the knowledge.

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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.
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?

The trader must have knowledge and experience about trading and how its system works, he must have knowledge of technical and fundamental analysis, and he must have a strategy for trading that includes risk management tools in addition to an outline of the trader’s goals and a methodology for entering and closing trades. It is not that simple for a beginner trader to do without Knowledge, he must give himself days or a month to learn and gain knowledge and experience before he starts trading. There are many who enter trading without knowledge, concepts, or basics and end up losing their capital after they hoped to achieve huge profits. Trading is good for the most experienced and knowledgeable trader, but for a beginner whose knowledge is zero, it is a drowning sea.

Topic: Is trading good for beginners? - page 13. (Read 2996 times)