Is trading good for beginners? - page 14.

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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?

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, 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?

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.

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Quote from: Sakanwa on February 28, 2023, 04:42:26 AM

We all know that trading is about earning or lossing and the purpose of we trading is to grow our money that we invest in it, what if it happens that you went for training and you still lost everything what is your advice for such people.

Well, you are not learning anyway. It is a waste of time spending your time training but in the end, you've got nothing or you've never gotten what they have taught you and this is possible when you let your emotions control you.

In this case, I suggest you open your mind and accept that trading is not for you. In fact, it was not for everyone because trading is special which is need knowledge, skill, and application. If this is hard for you to understand and you just keep on losing, therefore, there is no reason why you continue but rather stopped.

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Quote from: Sakanwa on February 28, 2023, 04:42:26 AM

We all know that trading is about earning or lossing and the purpose of we trading is to grow our money that we invest in it, what if it happens that you went for training and you still lost everything what is your advice for such people.

Dude, you are talking about trading or investment? Huh

Sure, both trading and investment are about earning profits and losing capital, that's why never trade or invest carelessly. Beginners must ensure to have sufficient knowledge first before thinking to start trading or investing. Trading and investing in crypto are very risky, beginners who have lack knowledge potentially ends up with losses.

Training doesn't guarantee earning profits (success), but it surely makes you more understand about trading. If beginners don't want to lose big money, only use small money in the early journey of trading. The focus should be on learning, not on earning big money.

Franctoshi

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From my experience I will not advice any beginner to start trading because trading is risky and it's meant for an experienced one, so if you start with trading, I assure you will lose your money in the end. Therefore, first of all start your journey with the investment side, basically start with investing into Bitcoin and other valuable or utility coins like ETH , BNB, Then while waiting for your investment to get matured, this period should be the time you should start learning about trading, get the skill if you want to trade and when starting trading ensure you trade with the money you can afford to lose.

GeorgeJohn

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Quote from: Sebas.tian on February 21, 2023, 12:03:49 AM

No, it will be difficult for such person to achieve a good profits from his trading because he don't have knowledge about crypto trading which many people has lost their money for the lacked of trading in the community. The most important thing is for he to save more money and settle down to learn more about crypto trading before he can start with small amount of money to test his self before he can increase his capital in the crypto trading. The type of coin to buy in the market, is very important for newbies to know before investing, because know the type of coin to buy will determine the profit you are going to achieve when the price of that particular coin increase higher in the market.

Is that people lost their money because of lack of experience in trading or lack of trading, your response is contradictory, the major thing that leads people into Lost during trading is inability to understand the scopes of trading before they venture into it, second thing that also lead traders or investors into lost is greediness.

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Quote from: Fesatmas on February 28, 2023, 01:40:39 PM

Quote from: Sakanwa on February 28, 2023, 04:42:26 AM

We all know that trading is about earning or lossing and the purpose of we trading is to grow our money that we invest in it, what if it happens that you went for training and you still lost everything what is your advice for such people.

Something is wrong with the way we trade, my advice is that you should stop trading first and find out what the real problem is so that we are still losing money. If you take part in the training, ask directly to your mentor or the person who provided the training. When we have lost a lot of money, then chasing it is not a solution instead it will make the amount we lose more and more, so as I said before, stop first and find the root of the problem.

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.

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Quote from: HELLOFF on February 22, 2023, 10:46:25 AM

Are they special or different from other bots in some way? How long has ETS been on the market?

As far as I managed to study the information, the team has been working since 2014. and about the results you can find a decent lot on the Internet.

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Quote from: Sakanwa on February 28, 2023, 04:42:26 AM

We all know that trading is about earning or lossing and the purpose of we trading is to grow our money that we invest in it, what if it happens that you went for training and you still lost everything what is your advice for such people.

Something is wrong with the way we trade, my advice is that you should stop trading first and find out what the real problem is so that we are still losing money. If you take part in the training, ask directly to your mentor or the person who provided the training. When we have lost a lot of money, then chasing it is not a solution instead it will make the amount we lose more and more, so as I said before, stop first and find the root of the problem.

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Quote from: MusaPk on February 28, 2023, 04:25:26 AM

No matter how much you read books or browse online resources the real experience of trading only comes when you start trading yourself. If you are losing money in your early days of trading then this its nothing to worry about. As almost all experienced traders have witnessed that in there early days. Make sure you don't invest too much if you don't have necessary experience of trading, that's a very common mistake made by new ones.

I don't read many books how to start trading in cryptocurrency and experience give more lesson how to be success for earning profit, not wrong with the beginner start from reading book or any other source how to build and got guide for start trading, but the implementation in the real is not always depend on theory we are reading.

Common mistake will give the best experience how to be better for up coming time when trading in cryptocurrency, don't make the same mistake actually when holding or selling assets in the right time. Experienced in cryptocurrency trading help us how to be better when next entry or reinvesting on several altcoin.

Sakanwa

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We all know that trading is about earning or lossing and the purpose of we trading is to grow our money that we invest in it, what if it happens that you went for training and you still lost everything what is your advice for such people.

John Abraham

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Quote from: jokers10 on February 28, 2023, 02:21:15 AM

Quote from: John Abraham on February 27, 2023, 11:27:13 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.

Of course you are right, it is much better to learn in a training version of an exchange, but how many people will do so? Maybe couple of hours or days and it is definitely not enough to be experienced trader but then they'll anyway start trading at a real market, in majority. So IMO we should not only give advice for in case of an ideal situation, but for as they'll more likely will do. And IMO it is good to say them to use not more money for trading than they are ready to spend on entertainment, because they'll lose their deposit in 99,9% cases very soon. And even after that a majority of them will hardly use a a training version for long enough.

Sometimes we don't have to say or suggest everything to others. Even though we know that they will try the demo mode for a couple of hours only and then leave it. They will start trading with real money. But as wise people, we shouldn't suggest they start trading with real money on Day 1. When will they be veterans at some point and understand everything, they will there was a guy named joker10. He suggested start trading with real money even though there was a option to learn in demo modes. I believe you don't want to find yourself there.

Sometimes we know that scammers like 1xcrap won't stop doing their shitty business. Doesn't mean we won't ask them to stop or we won't ask signature participants to not promote them. Whoever want to promote them, they will do it even if they get tagged or whatever you do to them. They will continue.

No matter if they use the training version or not. You can always suggest them to try training mode with demo balance before they start trading with real money.

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Quote from: jokers10 on February 28, 2023, 02:21:15 AM

Of course you are right, it is much better to learn in a training version of an exchange, but how many people will do so? Maybe couple of hours or days and it is definitely not enough to be experienced trader but then they'll anyway start trading at a real market, in majority. So IMO we should not only give advice for in case of an ideal situation, but for as they'll more likely will do. And IMO it is good to say them to use not more money for trading than they are ready to spend on entertainment, because they'll lose their deposit in 99,9% cases very soon. And even after that a majority of them will hardly use a a training version for long enough.

No matter how much you read books or browse online resources the real experience of trading only comes when you start trading yourself. If you are losing money in your early days of trading then this its nothing to worry about. As almost all experienced traders have witnessed that in there early days. Make sure you don't invest too much if you don't have necessary experience of trading, that's a very common mistake made by new ones.

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Quote from: Hyphen(-) on February 27, 2023, 03:30:43 PM

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.

Is possible for him to gain even without having the basic knowledge about trading as you said it's a game of luck so he might be lucky, but he actually made the wrong decision to jump into trading without basic knowledge.

How about after been in some of the class in trading and you still fine out that you are still lossing what should be your advice to the person who is the victim of after b having the basic knowledge and still losses?

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Quote from: John Abraham on February 27, 2023, 11:27:13 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.

Of course you are right, it is much better to learn in a training version of an exchange, but how many people will do so? Maybe couple of hours or days and it is definitely not enough to be experienced trader but then they'll anyway start trading at a real market, in majority. So IMO we should not only give advice for in case of an ideal situation, but for as they'll more likely will do. And IMO it is good to say them to use not more money for trading than they are ready to spend on entertainment, because they'll lose their deposit in 99,9% cases very soon. And even after that a majority of them will hardly use a a training version for long enough.

John Abraham

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Quote from: kotajikikox on February 27, 2023, 10:45:24 PM

Quote from: John Abraham on February 27, 2023, 04:06:35 AM

Quote from: kotajikikox on February 27, 2023, 03:18:07 AM

if he is ready to risk everything ? then why not right? but the problem here is that how could you trade if you have no idea at all mate and for God sake this is our money that needs to be earn or gone then why not? better to try using Trading Bot first before bringing your money inside mate this is how we can save our money since in the end? we will be the loser here if not be careful .

Why not learn how to trade before he starts with real money?
Currently, many platforms offer demo balance to start trading as a demo and learn how to trade. Even Bot won't be able to make a profit for you if you cannot instruct what to do. Right? I won't suggest anyone risk his everything even if he wants to risk it. Sometimes people make decisions out of frustration.

Sometimes we gamble in casinos and place max bet in the hope of winning the bet. After the session, we realized that was our biggest mistake. Sometimes luck prefers, and you can win the bet. But, The chances are not 100%. This is not how we should suggest people risk their money even if they are ready to spend it.

As I said before, Trading is not rocket science. You don't have to spend years learning it. Just spend a few weeks/months, and you will know how to do it. Then start with real money.

Bot or free trading demo will not help us becoming best trader instead we need to lose and spend our money first as this will be your teacher to not do the same mistake again and again.
though it is best interest of all new traders to learn with safeties but the thing here is that trading is an area in which all of us need to risk before earning.

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.

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Quote from: John Abraham on February 27, 2023, 04:06:35 AM

Quote from: kotajikikox on February 27, 2023, 03:18:07 AM

if he is ready to risk everything ? then why not right? but the problem here is that how could you trade if you have no idea at all mate and for God sake this is our money that needs to be earn or gone then why not? better to try using Trading Bot first before bringing your money inside mate this is how we can save our money since in the end? we will be the loser here if not be careful .

Why not learn how to trade before he starts with real money?
Currently, many platforms offer demo balance to start trading as a demo and learn how to trade. Even Bot won't be able to make a profit for you if you cannot instruct what to do. Right? I won't suggest anyone risk his everything even if he wants to risk it. Sometimes people make decisions out of frustration.

Sometimes we gamble in casinos and place max bet in the hope of winning the bet. After the session, we realized that was our biggest mistake. Sometimes luck prefers, and you can win the bet. But, The chances are not 100%. This is not how we should suggest people risk their money even if they are ready to spend it.

As I said before, Trading is not rocket science. You don't have to spend years learning it. Just spend a few weeks/months, and you will know how to do it. Then start with real money.

Bot or free trading demo will not help us becoming best trader instead we need to lose and spend our money first as this will be your teacher to not do the same mistake again and again.
though it is best interest of all new traders to learn with safeties but the thing here is that trading is an area in which all of us need to risk before earning.

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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?

The guy is better off gambling, because to me, trading without any knowledge on how trading works is no different from gambling, Infact, it is very possible that he could be more successful in gambling than trading.
Trading involved a good amount of risk, and it's not meant for novices, this is why some trading apps have a demo part where new traders are encouraged to sign up, trade with unreal money for some time before moving on to a live account where they can trade with real money, loss in trading is real, encourage your friend to learn how to trade first before venturing in to it, to avoid stories that touches the heart.

Sakanwa

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And I a case were the beginner have a little knowledge on trade and still losses,in what category will you place such a person.what will you have to say to such beginner that has little knowledge and still losses?
Should such person or beginner still continue or stop patani the current situation he or she is facing on trading.

tjtonmoy

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There's no way a beginner with little to no knowledge can be profitable from trading. Even the professional trades taking loss. How can you profit without any knowledge. He can be profitable in some situation out of pure luck or just by gambling his way through the price movement. But it is more likely not to happen every single time. Anyone who is in trading business, needs proper knowledge about it. I think his future is dark if he continues to trade like this. No profit but only loss.

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