Is trading good for beginners? - page 18.

Sanitough

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

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it 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.

After been told it just for them to choice on the candles sticks if it's up the they want to choice 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 sure person to begin trading?

You can’t stop those beginners if they want to trade, as they still believe that trading will give them quick profits. But if you aim to maximize profits when trading, do not trade unless you are ready, unless you have gained the basic knowledge and skills required in trading. That way, you won’t have to endure huge losses like what those newbies have experienced. And make sure once you trade, never anticipate for huge profits at first, as losses will always be inevitable for first timers.

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Quote from: jostorres on February 21, 2023, 07:21:32 AM

Quote from: bakasabo on February 21, 2023, 03:23:04 AM

If a newbie should avoid trading, what should he do then? How can you learn without trying? Anyone managed to learn to ride a bicycle without riding it? I dont believe in that. Newbie should or must trade, but he should start with a little deposit. You dont need to have a doctors degree to be able to understand buy low sell high strategy. I think that beginners should trade with little deposits and with low profit expectations.

Well, there are a lot of ways to earn money here in cryptos not just in trading. If one avoids or doesn't like it then they can always do investing. There is also staking, lending and maybe gambling? Though this one is a little bit riskier than trading but if you have a good skills, experience, and knowledge especially in sports betting then it could work similar to trading.

If one has a passion or interest in trading then they need to try and keep on trying. If they successfully overcome the hardhips of it then I am sure that they will be a good trader in the future. It make sense to start with small as a beginner because they have no or limited knowledge available.

I know there are a lot of ways how to earn crypto besides trading, but OP asked exactly about trading. I dont believe something can be achieved without trying for real. Reading tons of literature wont also be very useful. Theoretical knowledge does not have much value if you dont use that knowledge on practice. Demo accounts are useless, as trader does not risk at all. People here have adviced OP to read trading books, try demo, dont trade. That all wont help him to become a trader if he dont start to trade.

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Quote from: Oshosondy on February 22, 2023, 01:54:30 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.

The professional traders too lose, even some of professional traders may win more often but find themselves having bad luck because that is just trading. But anyone that follows the right step have the more tendency to have an overall win than loss. Fir beginners, they can trade too, but they should consider themselves s beginners and they should use just little amount of money that they can afford to lose because they are more likely to always lose as they continue to learn and having more experience in trading.

In that case, I'd rather not to trade but just to prior learning first before making a step to actually trading. We have to prepare ourselves for this, in fact, pro traders had also suffered losses though we know that they already have a lot of trade experience how much more for a beginner who tried to have luck without knowledge about this? Not to wonder why newbies always complain about their losses because in the first place, they are too aggressive but totally no how about what they do.

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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.

The professional traders too lose, even some of professional traders may win more often but find themselves having bad luck because that is just trading. But anyone that follows the right step have the more tendency to have an overall win than loss. Fir beginners, they can trade too, but they should consider themselves s beginners and they should use just little amount of money that they can afford to lose because they are more likely to always lose as they continue to learn and having more experience in trading.

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

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it 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.

After been told it just for them to choice on the candles sticks if it's up the they want to choice 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 sure person to begin trading?

Someone without knowledge about trading can do it if that is their choice but they should not expect to obtain any profits out of it, and instead they should assume they are going to experiment dramatic losses in a short amount of time.

Trading is an extremely difficult way to make money and only those are the very top when it comes to skill have any hope to make any, so tell that to your friend and if they still decide to trade even when they get know this information then there is nothing else you can do except to wait for your friend to lose everything.

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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.

It's important that you have knowledge about trading because that's how you'll understand how to do it right and how you can possibly earn when you trade. Trading without knowledge like what your friend want is very risky and he will likely face losses. If he value his hard-earned money then he won't enter in trading without knowing what he's getting into.

Therefore if he really wants to be a trader, advice him to not rush things and take time to learn before anything else because knowledge is vital in trading.

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no I don't think so, trading quite honestly is a lot more difficult than just investing. it requires tremendous effort in just creating some profits out of your trading that I think even some veteran aren't really cut it to be traders. the thing is, by trading you should create some series of good decision in order to make your trading succesfull and you're quite literally gonna be against the whales that most of the time manipulates. If you think you are smart enough to go against then wave then you can try, but always know that trading honestly really difficult if you want consistency in creating the profit. luck also have huge factor in determining your success honestly.

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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.

GeorgeJohn

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Someone who doesn't have the basic foundation of trading can't be able to make positive profit for the first months, we all know that trading is all about finances and before you began to make a reasonable amount of profit through trading you most undersgoes learning which enables you to understand the rudiments of trading. Once you have a brief knowledge of trading, you can be able to acquire more knowledge through consistent trading, and it's obvious that you lost can make you as a beginner to be smart of understanding the systematic of trading, because when you lose first and second time in trading you will try to identify the area your fault is coming from.

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

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it 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.

I think it's better you go back and meet the person and tell him not to start trading with everything he/she is having. Firstly in Cryptocurrency always invest or trade with any amount you can afford to lose, even if you are a professional always investing what you can afford to lose, so I believe a newbie should be extra careful, if you want to start trading as a beginner, you have to trade with just little amount, I see no reason why you should trade with all your savings, that's rubbish.

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.

I think you don't also know about trading, if you really know about trading you should know the appropriate answer to give the person and you don't have to ask the question here again. A newbie can definitely learn how to trade, but he/she should be ready to learn, also he/she should trade with just little amount. We a started as newbie, even professional trader's started as newbie.

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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.

We will just realize later when trading the importance of having the knowledge of what we do.
Preparation - we can't do trade without knowledge and this is a part of our preparation. We can't just jump into something that we never know yet otherwise, this is a suicidal attempt. Honestly, we can't underestimate trading, not the market volatility as well which means that we need to learn at least the basic of trading before starting as the least requirement, or else, regrets is only what we get.

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

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it 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.

After been told it just for them to choice on the candles sticks if it's up the they want to choice 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 sure person to begin trading?

Learning is what makes us a good trader whether we are ready to learn or not. There is no way you can trade successfully without learning the art of trading. You need to learn how people get to understand the market with a single look. There are so many strategies for us to make us of and it is until we understand the market before we start using them.

If op is ready to learn them you will surely understand much about the market and trading entirely. One thing that is need is for op to get ready to learn slowly not with too much zeal or curiosity that could lead to something else.

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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.

He may know how to sell and buy the coin but he may end up with losses because he doesn't have sufficient knowledge in trading.
Trading isn't as easy as people think, it requires knowledge and experience. For someone who is interested in trading, better to focus on learning first and know how crypto trading nature. He also needs to know about the characteristic of crypto market, it is not the same as the stock market. Crypto market is a bit difficult to predict and the trend is easy to change at any time. So, without sufficient knowledge, it is rather impossible for newcomers to trade properly and get success in trading.

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During the bull run this happened multiple times. I have met with people who bought doge "just for fun" and made tens of thousands of dollars from it as well, and I have seen people bought the most useless shit I have ever seen which are all gone and worth less than a cent right now, but made thousands from it.

Because during the bull run people make a lot of money from bitcoin first, get their 2x to 5x increases, then they go into other smaller stuff but still top 50, and make their 10x from there, suddenly their 1000 dollars became 50 thousand dollars, what are they going to spend it on? Sure most of it stays in the big name ones, but some of it goes to very terrible small coins all together.

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

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it 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.

After been told it just for them to choice on the candles sticks if it's up the they want to choice 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 sure person to begin trading?

Just let those people who do start up trading without having knowing about those risks because sooner or later they would really be able to realize on whats the risks involved with trading crypto.
It isnt really just something that you could really easily deal with.Yes, it is really just a matter whether the candle is going up or down or simply red or green but the main question on here is
on how you would be able to consider on making your position?

You would really be making the toughest decision whether you would be buying or selling.Errors and mistakes are common and this would be the main thing
that you would be experiencing it first before you do make yourself that learn.

goaldigger

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If its simple buy and sell, its possible but being a trader is not just about this because it requires analysis and its not easy. Having the right knowledge can be a big help so beginners have to find a way to learn and not just to depend on any guess trading.

Beginners might be attracted by a signal group as well and I’m telling you, its not worth it because it is still better if you know this on your own and better if you can decide for your trades on yo ur own.

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

Unless you want to grind for more than a year and shoulder the losses while you're still learning.

And seriously most times you grind far beyond that space of time or through the life time of the trading experience, getting it right at some point and wrong at some point because of improper knowledge. Everyone wants to do trading just because there are no jobs but not because they have the passion for it.

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.

Can you drive if you don't know how to drive? No is the answer likewise to your question. Trading needs basic knowledge that will be sufficient for you as a beginner to guide you even when you are making losses not to lose all your capital by knowing how to take lesser risk.

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It's difficult to expect to profit from trading without knowledge, although sometimes it is possible. I hope all beginners know what is the use of knowledge on trading before they trade, it's not like buying and selling usually but there must be analysis even if it's just the basics.

Without sufficient knowledge I think they should only invest long term in bitcoin only. They can buy it now and stick with it while learning how trading works regardless of the type of trading they prefer. This is a safe option for most beginners, but hopefully they will have to learn over time.

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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.

After been told it just for them to choice on the candles sticks if it's up the they want to choice 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 sure person to begin trading?

He/she can trade but winning on those trades would probably be out of a sheer luck. Everything starts as a beginner and it's apparent even on geniuses but on trading with no prior experience would be a fool's idea to burn his portfolio. I've been there and it was an expensive mistake thinking I have it all to be a great trader but end up losing all of it in just a day thinking I have what it takes to trade especially on leverage trading.

Remind him when you meet again that he probably need to have knowledge on it or else it will be his huge mistake. This is from my experience and I don't want anybody else to feel that way, it's not for the faint hearted.

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And let me guess, he must be trading in Futures or two-way trading which looks very easy to implement and looks easy to profit from. Just guessing up or down and that's it.
Of course beginners like this will lose more of their money and it won't last long. When he said he didn't know about trading science, he was just trying to trade like a gamble, because there was no research or analysis whatsoever. Just rely on luck.
You as a person who knows this, it's good to give good and correct advice, because the decisions you take are very risky and you will definitely lose everything.

Topic: Is trading good for beginners? - page 18. (Read 2996 times)