Is trading good for beginners? - page 4.

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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?

When one does not have knowledge about trading and does not have any idea about how trading works he will not be able to profit from trading in any way. Because he will always make the wrong decision, invest in the wrong coin and sell it at the wrong time. But some times due to his luck he may make some profit but not always it happens. Trading is not an easy thing it is a very difficult thing so trading should be done with good understanding

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If the person entering the crypto trading business is really new and has no knowledge, it is possible, as long as he does not suddenly deposit a large amount of money in an exchange that he will also enter. But he should also study trading at the same time; it is not enough because if he actually trades, he will do it right away.

So at least he can ask questions here, or he can also read first about the basic learnings in trading so that at least he has knowledge in the matter he is involved in.

Quote from: pusaka on March 16, 2024, 11:20:03 AM

If they are not willing to take the risk of sacrificing some money then they may never understand trading. Because even if we understand the theory of trading, it will be different when we directly practice it in the market, so like it or not they have to spend some money. They can also first use a demo account to learn what they have to do and learn the features in trading. However, in a demo account we are not taught the mentality because when using a demo account there is no pressure whatsoever in trading. It's different when we use real money, our mentality will definitely have a big influence on what we decide.
Continue to deepen your knowledge if you want to become a good trader, don't be quickly satisfied with the knowledge we have.

If the newbie entering crypto trading is not a risk taker, it is better and better not to try to trade or study here in the field of crypto space.

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Quote from: Fara Chan on March 16, 2024, 08:37:08 AM

Quote from: Cryptoprincess101 on March 16, 2024, 07:13:35 AM

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

Losing a little money because of trying to trade or because of following the trading learning process is not wrong. But it would be better if in following this process you don't have to face loss because this will also affect a person's mentality, especially if the person is a beginner in this matter. Because beginners can also learn trading without having to face losing a certain amount of money, so if there is an option that does not require initial sacrifice, of course that option should also be considered even though the option you said is not bad for someone who has a stronger trading mentality.

If they are not willing to take the risk of sacrificing some money then they may never understand trading. Because even if we understand the theory of trading, it will be different when we directly practice it in the market, so like it or not they have to spend some money. They can also first use a demo account to learn what they have to do and learn the features in trading. However, in a demo account we are not taught the mentality because when using a demo account there is no pressure whatsoever in trading. It's different when we use real money, our mentality will definitely have a big influence on what we decide.
Continue to deepen your knowledge if you want to become a good trader, don't be quickly satisfied with the knowledge we have.

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Quote from: Cryptoprincess101 on March 16, 2024, 07:13:35 AM

Quote from: 2Pizza410000BTC on March 15, 2024, 06:49:54 PM

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?

I think trading is not right for someone who knows nothing about trading. If trading is done without acquiring the strategy or trading knowledge in the trading platform then he will definitely lose his money. And if he gets some knowledge about trading then he can earn some money from trading platform from time to time. If one relies on luck at some points in the trading platform but if one does not know the trading strategy he will surely suffer then luck will not work on him. So I think it is right for new people who don't know anything to come to the trading platform and I think holding is best for them.

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

Of course your point here is very reasonable because if someone loses money on a trading platform he will learn a lot. Because he will always remember his lost money and he will arrange himself very nicely on the trading platform. When a person loses money on the trading platform, he will be reminded of that money again and again so that he will always focus on trading and achieve ultimate success on the trading platform. I learned on the trading platform but lost a lot of money. I have lost money due to which I have been able to pick up strategies and education very quickly on the trading platform.

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Quote from: Cryptoprincess101 on March 16, 2024, 07:13:35 AM

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

Losing a little money because of trying to trade or because of following the trading learning process is not wrong. But it would be better if in following this process you don't have to face loss because this will also affect a person's mentality, especially if the person is a beginner in this matter. Because beginners can also learn trading without having to face losing a certain amount of money, so if there is an option that does not require initial sacrifice, of course that option should also be considered even though the option you said is not bad for someone who has a stronger trading mentality.

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Quote from: Cryptoprincess101 on March 16, 2024, 07:13:35 AM

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

unfortunately, there are two types of novice traders in case of such a situation. The first is a novice trader who learns from his trading losses and considers it a process of learning to trade. and he continues his trade.
and the second is a trader who does not learn from his trading experience. Even though he loses in trading, he always makes the same mistakes over and over again.

Trading for me is not for beginners. but beginners can learn to trade. whether it be from your own experience or the experience of others. as long as they want to learn, beginners will also become professionals when they persist.

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Quote from: 2Pizza410000BTC on March 15, 2024, 06:49:54 PM

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?

I think trading is not right for someone who knows nothing about trading. If trading is done without acquiring the strategy or trading knowledge in the trading platform then he will definitely lose his money. And if he gets some knowledge about trading then he can earn some money from trading platform from time to time. If one relies on luck at some points in the trading platform but if one does not know the trading strategy he will surely suffer then luck will not work on him. So I think it is right for new people who don't know anything to come to the trading platform and I think holding is best for them.

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

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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?

I think trading is not right for someone who knows nothing about trading. If trading is done without acquiring the strategy or trading knowledge in the trading platform then he will definitely lose his money. And if he gets some knowledge about trading then he can earn some money from trading platform from time to time. If one relies on luck at some points in the trading platform but if one does not know the trading strategy he will surely suffer then luck will not work on him. So I think it is right for new people who don't know anything to come to the trading platform and I think holding is best for them.

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Quote from: Rockstarguy on March 05, 2024, 04:24:09 PM

~ it will be a waste of time and resources for beginners to go into trading without knowledge

Of course, if we trade without knowledge, the result must be losing money. I think nowadays most newbies already understand that trading must have the basic knowledge at least. There were many newbies who lost huge money in the past because they traded at the wrong way. People who are in the newbies level now must learn from the story of failed newbies in the past.

Quote from: Rockstarguy on March 05, 2024, 04:24:09 PM

What makes trading to be bad without learning to have knowledge, it is wrong step to start up trading. The first step every beginner must think about in trading is to learn and not rush to go into trading without knowledge. Going in trading with a blank knowledge is a big mistake for any beginners to think about.

Basically, trading isn't bad. People make it bad because they are using the wrong way in trading. If every person trades with a proper way, trading must give the advantage for everyone. When you trading with no knowledge, how you can expect for raising profits? Trading isn't the same as gambling that relies on the luck. Trading requires the basic knowledge, skills, and experience.

Quote from: Rockstarguy on March 05, 2024, 04:24:09 PM

Trading is very risky and it is not ideal for beginners to rush into it without understanding.

Actually, trading isn't bad for beginners. Every professional traders must begin from the newbie level. But make sure that we begin trading in the right way. The focus should be for learning if we are still in a newbie level. Although we should try to trade, we must use small funds because we still have no enough knowledge when it is in a newbie level.

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Quote from: MFahad on March 15, 2024, 02:52:05 PM

Quote from: Dailyscript on March 15, 2024, 01:52:06 PM

I believe the OP indirectly wants to know if it is risky for a beginner to trade. But there is not road to riches that there wont be any form of risk and sacrifice. There is always a start from a newbies and soon they will reach there. What should be more important is how will they be able to control their emotions during this growing stage. Of course there will be loss and wins which will cost them to either start over or fall down to some middle part.

First of all, though I understand your reference, trading is no road to riches and a lot of newbies often have this misconception thinking that they can earn a lot of money in no time from this industry which isn't true and people who manage to do that are either lucky or already have very high capital to begin with because the amount of profit you can make from this industry depends on how large your capital is.

Trading and newbies is an unending debate, however, the main discussion about it is that when a newbie gets into trading, their first step should be to acquire enough knowledge about the market so that they don't face problems when they involve finances.

Once you do have that kind that misconception then you are really that making yourself that bound to failure. Well, this is something that commonly happen into those who are just new and been just hyped up to make or learn trades just because they've seen someone who do make out huge profits online. One of the most common scenario that we do have on here is that on the time that you've seen those big profits
then you would really be having in mind that you could eventually be able to do it. On the time that you have started your trading journey then you would really be having impressions as a noob that
you could be able to do it in one day until loses would really be experienced.

They wont really be able to learn not until they would really be able to experience for themselves the bitter ones here on crypto trading world. They cant really be able to learn
up things if they wont really be able to experience it out. Cheesy

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Quote from: Dailyscript on March 15, 2024, 01:52:06 PM

I believe the OP indirectly wants to know if it is risky for a beginner to trade. But there is not road to riches that there wont be any form of risk and sacrifice. There is always a start from a newbies and soon they will reach there. What should be more important is how will they be able to control their emotions during this growing stage. Of course there will be loss and wins which will cost them to either start over or fall down to some middle part.

First of all, though I understand your reference, trading is no road to riches and a lot of newbies often have this misconception thinking that they can earn a lot of money in no time from this industry which isn't true and people who manage to do that are either lucky or already have very high capital to begin with because the amount of profit you can make from this industry depends on how large your capital is.

Trading and newbies is an unending debate, however, the main discussion about it is that when a newbie gets into trading, their first step should be to acquire enough knowledge about the market so that they don't face problems when they involve finances.

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Quote from: retreat on March 07, 2024, 01:18:24 AM

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?

It's okay for a beginner to trade, because all professional traders started as beginners. However, what needs to be paid attention to in order to become a trader is that they need to study the market for the instrument they choose, what its characteristics are and carry out back tests, to be able to see how the method they learn can actually work on the market. If they are confident that they can manage positions, carry out TP/SL, and good management on their demo account, they can test on a real account with low money.And if they are successful on a real account with that low amount of money, they can increase their capital slowly and see how their trading progresses. The most important thing is how they can learn and continue to see the development of their trading, not just enter the market and trade as they please.

I believe the OP indirectly wants to know if it is risky for a beginner to trade. But there is not road to riches that there wont be any form of risk and sacrifice. There is always a start from a newbies and soon they will reach there. What should be more important is how will they be able to control their emotions during this growing stage. Of course there will be loss and wins which will cost them to either start over or fall down to some middle part.

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Quote from: benalexis12 on March 07, 2024, 03:11:18 AM

If the newbie trader is really a beginner, there is no problem as long as he learns the basic rules of trading first. Just don't immediately jump into large-scale investments in trading. Just start with small capital and, at the same time, learn while doing actual trading on an exchange.

It is said that practice makes perfect; that's the only way to do it, and don't immediately give up on learning crypto trading; just don't quit, and continuous learning is the only thing to do.

Good advice, this is exactly how i learned trading, like i was investing in trading small amount and at the same time i am learning as well. Newbie traders should not invest large capital at the first time of trading to avoid any big loss. Then day by day trading knowledge will be increase if possible to keep practicing with patience.

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Everything is all about process it’s just depending on the time and the dedication you put into it Trading is not something that you learn one day. It starts from a step of course 1000 miles start from a step so whatever you’re doing that must be a starting point the starting point determine the future of what you’re doing, it is good to start even when you don’t know much at least the person has asked the question the person is ready to trade, the only thing I see here is it not bad for Trading to comments it’s just the person to keep on with the force of getting right information and how to go about it. Of course there must be some losses that is for sure but the person should still move ahead because their is always room for improvement.

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If the newbie trader is really a beginner, there is no problem as long as he learns the basic rules of trading first. Just don't immediately jump into large-scale investments in trading. Just start with small capital and, at the same time, learn while doing actual trading on an exchange.

It is said that practice makes perfect; that's the only way to do it, and don't immediately give up on learning crypto trading; just don't quit, and continuous learning is the only thing to do.

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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?

It's okay for a beginner to trade, because all professional traders started as beginners. However, what needs to be paid attention to in order to become a trader is that they need to study the market for the instrument they choose, what its characteristics are and carry out back tests, to be able to see how the method they learn can actually work on the market. If they are confident that they can manage positions, carry out TP/SL, and good management on their demo account, they can test on a real account with low money.And if they are successful on a real account with that low amount of money, they can increase their capital slowly and see how their trading progresses. The most important thing is how they can learn and continue to see the development of their trading, not just enter the market and trade as they please.

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Quote from: Sorryfor on March 06, 2024, 11:24:47 AM

A person who does not know about trading and has no knowledge about it is unlikely to profit from it. Trading is not really gambling you can indulge in it depending on your luck only. Trading is very complex and if you want to do it you must know a lot about it and along with that you need to be in touch with experienced people And if you want to trade then I would say you shouldn't do it in the beginning. You can invest if you want to supplement it. Then simultaneously try to learn about trading gradually. It is not the case that you will get huge profits just by trading, so be interested to know it well first. Don't start trading just on the impulse of others.

1+ for that.
A lot of people make the mistake of rushing it because they want to start making money as quickly as possible but in this rush, they ignore the fact that the most important thing about it is the learning part because how would you be able to do something effectively if you don't know enough about it? With minimal knowledge, you can barely be able to make successful trades unless you occasionally become lucky and get some trades in your favor.
I also agree that one shouldn't rush it when learning the process, give it enough time so that all the concepts get cleared in your mind so that when you face some situation in the future where you need to solve a specific problem, you will need to know about it to act quickly and effectively to solve the problem.

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Quote from: Sorryfor on March 06, 2024, 11:24:47 AM

A person who does not know about trading and has no knowledge about it is unlikely to profit from it. Trading is not really gambling you can indulge in it depending on your luck only. Trading is very complex and if you want to do it you must know a lot about it and along with that you need to be in touch with experienced people And if you want to trade then I would say you shouldn't do it in the beginning. You can invest if you want to supplement it. Then simultaneously try to learn about trading gradually. It is not the case that you will get huge profits just by trading, so be interested to know it well first. Don't start trading just on the impulse of others.

Honestly, trading is not complex when you know what you are doing. But if you are like a soldier that doesn't have arms and going to a war then that makes it complex and odd.

It doesn't have to be expensive to learn to trade and that is the reason why many newbies get it wrong when they trade because they thought that it is an easy thing to do.

So, they go to the route of learning it expensively by having several experiences of mistakes before they learn. Trading can be done by newbies and not but you have to take note every mistake you might have done.

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Actually, all traders also feel like newbies, right? but the difference is, how much you understand, how strong and ready you are as a newbie. So that it can proceed gradually and with good progress in trading. and how good the basic understanding is. This is what needs to be prepared. But what is certain is, prepare yourself as well and as prepared as possible before deciding to enter the world of trading. At the very least, you have to understand crypto, markets, types of trading, and some market analysis. Because without analysis, our trading will be like just guessing. Never mind without analysis, indicator analysis alone does not always guarantee success in trading, especially if we don't have mature preparation for that ability. It would be very risky.

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Quote from: AnonBitCoiner on March 06, 2024, 02:54:57 AM

Remember that everyone is beginner at start so trading is absolutely good for beginners but there are some points that should be remember by the beginners. They should use little amount because start of trading is just to getting an understanding about trading and during learning there is a greater chance that you will have high risk of loss.

Don't think that this loss is the limit of your trading but consider every loss as a lesson for you that even an expert cannot teach you. If you consider that your loses are higher than your win then try first to focus on learning rather than trying again and again to achieve your goals.

Of course, everyone who has just started trading must try it with a little capital so that they can return to trading if they fail on their first try and must also learn about the mistakes they made in order to avoid making the same mistakes, because trading will be very risky if do it without having a good understanding and experience in trading, even those who have good experience in trading still have to be careful in trading to avoid the possible risk of loss in the trading they do.

I agree but the thing is the first thing that a person who wants to trade is to learn the basics first, give some time and effort to learn before execution and also practice in demo, its bad for a beginner in trading to immediately start trading using a live account and their funds because it may affect their well being in a sense that if they lose their first trade which is normal and understandable, they will lose their confidence and will always has the feeling of fear that may affect their decision making and their analysis, they might become too wary in every trade they will do next, so its better to gather more knowledge so eveb if they lose the trade at first they will know why, experience is a great teacher so yeah combine it with knowledge then it will be the tool for a trader to start and to earn, trading is a continuous learning so a trader should also possess the characteristics of having a very long patience.

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