Is trading good for beginners? - page 17.

death69

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Quote from: Distinctin on February 23, 2023, 04:30:05 AM

Quote from: PX-Z on February 21, 2023, 05:53:25 PM

Anyone can trade yes, it's basic. Beginners can trade too, but don't expect a win, profit, and huge profit more often.
Most traders losses, even a pro traders do, how much more a mere beginners where they doesn't know the technicalities, how to read charts, always use emotion when trading. Especially we are talking about crypto trading ha? It may look like easy but it could hurt a lot.

Trading does not guarantee profits even for those who are veterans in this field. And most likely, trading results into losses that’s why we have to be skillful first before we start trading so that we can lessen the risk of losing too. However, I believe trading is open for everyone, even for beginners. As long as you have the sufficient capital to trade, then it’s good to go. But never expect that you will not endure losses along the way, as losses will happen to everyone but some just chose to learn more about trading and improve their trades, that’s why we have successful traders today.

Tradin ain't no joke, its a game of probability. Even the dopest traders can catch Ls. But don't trip, those Ls aint failures, they're opportunites to learn and improv. As a trader myself, I've had my fair share of losses, but I'm different from the rest cuz I learn from my mistaks and level up my trades. You gotta have a solidd plan, manage your risks, and stick to the script, no matter whatt. And most importantly, don't let your feelings mess with your head when your tradin. I remember this one time I let my emotions run wild, and I made a move that cost me big time. Lookin back, it was hilarious, but it taught me to always stay focused and disciplined. So, for all you newbies out there, take it easy, start small, learn the game, and be patient. With time and practic, the profits will come rollin' in!

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Quote from: Tony116 on February 23, 2023, 05:23:09 AM

If newbies want to start trading, start with YouTube lessons, I think it is enough for them. ..

As a rule, a beginner understands that he needs knowledge only when he loses his deposit. After all, according to a beginner, trading is not difficult at all. To do this, it is enough to buy at the minimum price and sell at the maximum. Only here it is impossible to determine where this minimum and where will be the maximum, without knowledge.

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If the person want to engage into community of trading I guess better if they make seek a knowledge first regarding with the trading fundamentals by that they can now build a strong knowledge so they can make an execution properly we know trading is all about the knowledge, updated in news and at the same time strategy, if you have those there's a chance you can make a good profit, to the beginners ideal if they use the paper trading supported in the trading view.

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

Your friend is like the proverbial "child who wants to run before he walks." In fact, he's starting out on the wrong foot and risks losing all of his assets.

Why the rush, if I may ask? Why not count one before you count two? Maybe he feels that trading is a way to get rich quick, but without the proper knowledge and strategy in place, he's in for a very rude shock. Every newbie trailer must be patient and it takes time to learn and earn unless he is in for the short run because with his strategy, he wouldn't even last a moment. No amount of luck will favour him.

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Quote from: irhact on February 23, 2023, 01:39:40 AM

...We also have previous traders selling courses that can help you but while you search for that, you should be careful to avoid been scammed.

If newbies want to start trading, start with YouTube lessons, I think it is enough for them. Stay away from expensive courses because I believe that if someone has a secret or an exclusive method that can help them earn millions of dollars from the transaction, they will not need to sell courses to get money. Trading requires experience, not just an empty theory, so instead of using money to buy courses, use it to experience trading, and you will grow from it.

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Quote from: PX-Z on February 21, 2023, 05:53:25 PM

Anyone can trade yes, it's basic. Beginners can trade too, but don't expect a win, profit, and huge profit more often.
Most traders losses, even a pro traders do, how much more a mere beginners where they doesn't know the technicalities, how to read charts, always use emotion when trading. Especially we are talking about crypto trading ha? It may look like easy but it could hurt a lot.

Trading does not guarantee profits even for those who are veterans in this field. And most likely, trading results into losses that’s why we have to be skillful first before we start trading so that we can lessen the risk of losing too. However, I believe trading is open for everyone, even for beginners. As long as you have the sufficient capital to trade, then it’s good to go. But never expect that you will not endure losses along the way, as losses will happen to everyone but some just chose to learn more about trading and improve their trades, that’s why we have successful traders today.

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I'm confused about the question.

Like, everyone who just started trading is a beginner, even professional traders was once a beginner. But here's my take about this matter. Trading is not gonna be profitable unless you're willing to risk everything just to make yourself at the level where you could make profits. Trading is not a short term process, it is a very long term process depending on how much efforts you're putting to make yourself grow as a trader.

If you're thinking it could make anyone rich overnight, it is not. It's not that easy, it is complicated.

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Quote from: Cling18 on February 22, 2023, 11:50:44 AM

Doing trading without complete knowledge is such a big risk for beginners. It's like you are applying for a job without any idea about the job description. For sure, your friend has the wrong mindset towards trading and only sees it as a way of earning without considering the risks.

You said it all correct, I think that his friend need help before he puts himself in a situation that he can't get out of and that spoils the whole hopes he had for the market. Before we engage ourselves in anything that involves making money, we should always realized that we can lose money as well so if we don't understand what we are getting involved in then we shoudn't proceed.

Learning how to trade can be done from the comfort of our homes as we have very good tutorial on YouTube and other streaming platforms that can give you a break down on how to trade. We also have previous traders selling courses that can help you but while you search for that, you should be careful to avoid been scammed.

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

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

This doesn't only apply to trading but to every other aspect of life, if you lack of the knowledge of a certain things and then decide to indulge in it with the aim of getting profit from it without even trying to first get the knowledge that you lack you're only going to end up with everything gone. So if you or your friend go into trading without the appropriate knowledge needed the first thing that you or your friend should strive for first once you start trading is to gain experience and also learn how the market work. I know sometimes some newbies with beginners luck tend to do pretty well and because of that they feel that there's no more need to learn about it and at the end they'll leave with nothing in their pocket.
Op, you first try to get the knowledge needed for trading and when you feel you've acquire enough knowledge then you can start trading with small funds (the amount that you can afford to lose) and before you know what's happening you'll be a pro. But just know that you're going to lose tons of money before then but if you're able to withstand then you can make it.

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Quote from: Finestream on February 22, 2023, 05:08:22 PM

Quote from: mk4 on February 20, 2023, 09:33:10 PM

There's a reason why a huge majority of people lose tremendous amounts of money with trading — simply because it's not easy and it's definitely not for everyone.

Seriously, trading is overrated. Go get a job or start a business instead. Unless you want to grind for more than a year and shoulder the losses while you're still learning.

Precisely. Newbies should not start trading unless they become skilled and knowledgeable on it since trading itself is not easy and is very risky. Although they can trade as much as they want to, but they should prepare for the consequences and that is losing more than they can afford to lose. Simply because, trading needs a lot of experience so you will be profitable, and let’s just say anyone can do trading, but trading is certainly not for everyone.

^Accept the possible circumstances.
It is also important for beginners to be aware of the potential risks and pitfalls of trading, such as losing money, emotional biases, and scams. It is recommended to start with a small amount of money that you can afford to lose and gradually increase your investment as you gain experience and confidence. Always put in mind that crypto trading carries a significant amount of risk. The cryptocurrency market is known for its volatility and unpredictability, and prices can fluctuate rapidly and dramatically, this means that losses can occur just as quickly as gains.

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Quote from: mk4 on February 20, 2023, 09:33:10 PM

There's a reason why a huge majority of people lose tremendous amounts of money with trading — simply because it's not easy and it's definitely not for everyone.

Seriously, trading is overrated. Go get a job or start a business instead. Unless you want to grind for more than a year and shoulder the losses while you're still learning.

Precisely. Newbies should not start trading unless they become skilled and knowledgeable on it since trading itself is not easy and is very risky. Although they can trade as much as they want to, but they should prepare for the consequences and that is losing more than they can afford to lose. Simply because, trading needs a lot of experience so you will be profitable, and let’s just say anyone can do trading, but trading is certainly not for everyone.

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Quote from: nara1892 on February 22, 2023, 04:01:31 PM

Quote from: Cling18 on February 22, 2023, 11:50:44 AM

Doing trading without complete knowledge is such a big risk for beginners. It's like you are applying for a job without any idea about the job description. For sure, your friend has the wrong mindset towards trading and only sees it as a way of earning without considering the risks. Even trading professionals are continuously learning because trading is a broad thing. There are already lots of ways to learn about trading nowadays so a person who wants to make a profit through trading should try to learn first.

I like the way you described what the OP was talking about, it's a very good yet simple comparison that can be easily understood. I still can't figure out why there are so many beginners who are braver than someone with experience, even if they don't have the knowledge. I don't know what was in their minds so they could do something they didn't even know what they were doing. Trading is not that simple, not just making entries and then taking profits, but there is a lot to learn, starting from understanding what trading is and something more complicated than that.

Because simply they are really that letting that greed inside them tolerate it out which they do believe that they could make themselves that rich out of trading.Yes, its possible
but it wont really be that good if you would really be having this kind of mindset on which would really make you that desperate or really in rush.We do know that trading isnt
something that you could able to bare and handle it out on few tries or on shortest time as possible.Sooner or later you would really be able to realize up things
that not how these things do works.

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Quote from: Cling18 on February 22, 2023, 11:50:44 AM

Doing trading without complete knowledge is such a big risk for beginners. It's like you are applying for a job without any idea about the job description. For sure, your friend has the wrong mindset towards trading and only sees it as a way of earning without considering the risks. Even trading professionals are continuously learning because trading is a broad thing. There are already lots of ways to learn about trading nowadays so a person who wants to make a profit through trading should try to learn first.

I like the way you described what the OP was talking about, it's a very good yet simple comparison that can be easily understood. I still can't figure out why there are so many beginners who are braver than someone with experience, even if they don't have the knowledge. I don't know what was in their minds so they could do something they didn't even know what they were doing. Trading is not that simple, not just making entries and then taking profits, but there is a lot to learn, starting from understanding what trading is and something more complicated than that.

death69

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Quote from: Cling18 on February 22, 2023, 11:50:44 AM

Doing trading without complete knowledge is such a big risk for beginners. It's like you are applying for a job without any idea about the job description. For sure, your friend has the wrong mindset towards trading and only sees it as a way of earning without considering the risks. Even trading professionals are continuously learning because trading is a broad thing. There are already lots of ways to learn about trading nowadays so a person who wants to make a profit through trading should try to learn first.

Yo, as a professional trader, I totaly feel ya on that comment, bro. Tradin ain't just about makin bank, it's about havin a deep understandin of the market and continuously learnin. You cant just jump in ther blind, you gotta have a solid plan, know the tradin stragies, and the risks involved. It's like startin biz, you need to know the market and your competition to succeed.

But let me tell ya, tradin can be hella fun and creativ if you do it rite. It takes a combo of technical skills, knowledge, and creativty to be a dope trader. You gotta be open-mindd, flexible, and willing to take risks, kind of like playin chess. You gotta think strategically and creatively. I remeber this one time I tried out a unique tradin strategy using a combo of technical and sentimental analysis. It was a bit unconventional, but it worked, and I made some seriouss dough.

So, to all the newbies out there, my advice is to learn as much as you can, but dont be afraid to be creative in your approach to tradin. It's not just about followin the rules, it's about being flexible and creative in the market. Get out ther and make some moves

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Doing trading without complete knowledge is such a big risk for beginners. It's like you are applying for a job without any idea about the job description. For sure, your friend has the wrong mindset towards trading and only sees it as a way of earning without considering the risks. Even trading professionals are continuously learning because trading is a broad thing. There are already lots of ways to learn about trading nowadays so a person who wants to make a profit through trading should try to learn first.

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Quote from: whyrqa on February 22, 2023, 09:42:09 AM

Quote from: jeraldskie11 on February 22, 2023, 07:38:40 AM

Considering my experience, I would advise against trading if you are unfamiliar with it. I enrolled in mentorships and picked up a lot of knowledge to succeed in trading. Even though you have all the information you need, it can be challenging to follow because emotions are involved when trading with a real account. I've heard that 90% of traders lose money. Therefore it's really not possible for us to be among the 10% of successful traders without expertise.

I was advised to use the Ets platform, which offers very high quality brts for trading with ready-made algorithms. Maybe in this case, the beginner can be lucky?

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

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Quote from: jeraldskie11 on February 22, 2023, 07:38:40 AM

Considering my experience, I would advise against trading if you are unfamiliar with it. I enrolled in mentorships and picked up a lot of knowledge to succeed in trading. Even though you have all the information you need, it can be challenging to follow because emotions are involved when trading with a real account. I've heard that 90% of traders lose money. Therefore it's really not possible for us to be among the 10% of successful traders without expertise.

I was advised to use the Ets platform, which offers very high quality brts for trading with ready-made algorithms. Maybe in this case, the beginner can be lucky?

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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?

Considering my experience, I would advise against trading if you are unfamiliar with it. I enrolled in mentorships and picked up a lot of knowledge to succeed in trading. Even though you have all the information you need, it can be challenging to follow because emotions are involved when trading with a real account. I've heard that 90% of traders lose money. Therefore it's really not possible for us to be among the 10% of successful traders without expertise.

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How can someone with no knowledge get to trade? It's like burning their money. After all, knowledge is the main thing in any case. Moreover, this requires them to spend capital which is later expected to be able to give them a profit. Even someone who already has knowledge in trading sometimes finds it difficult to determine when he should enter and it is not uncommon for them to experience losses. And what you are talking about is a person who has no knowledge of trading, I suggest that you first tell him to learn first.

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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.

Trading is considered the hardest job, so if you don't have the knowledge it's best not to try. Whether it's trading or investing or whatever, without the knowledge I can say that you won't do anything. Knowledge is the only way to success in any field. And in trading without knowledge is like gambling, not trading. The newbie can still start trading, but you need to start with knowledge along with practice and not just rely on your emotions to trade.

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