Is trading good for beginners? - page 5.

stomachgrowls

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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.

Not all people do start on knowing everything on which i do simply means that we are all not all knowing on which there are things in life on which we dont know but having those plans on trying out to learn on it.
Those professional traders are once newbies too on which it would really be that understandable that they had been also a newbie before on which means that in every noob that tends to learn up trading
would really be having the chance on becoming professionals on which it would really be just that depending on how they would really be hovering themselves on doing good trades.

It is really just that they should bare up in mind that this isnt a skill that you could really be able to learn up on a short period of time and with those minimal efforts. Of course you would really be still
needing up to work hard and realize on what are the things that you could be able to learn up along the way on which it would really be that a normal approach but tons
of people do really fail on doing this basic principle when it comes on tending to learn up new things.

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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.

You don't need to have all the money you want to start trading, you don't know how it is going to be or have the experience, why not try it with little amount that you have and they review your results to see if it worth saving more money to increase your capital or maybe you should quit, you never can tell your place as a trader until you try it out and see your results.

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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?

Is it even possible to know how to cook and the food will be sweet when you don't know how to cook? Think it's that way and you will understand that what you as is not logical. You can't understand trading even in bull run if you don't have the knowledge. What I will advice him is that he should learn the basic things, look at the videos and try it out, he will be unsatisfied that trading is not as easy as he or she might think until you get the main knowledge and apply it into the main market, that's the only way to find out.

Sorryfor

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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.

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

Quote from: Nrcewker on March 05, 2024, 01:03:45 PM

Just try to go with the basics. Try to gain theoretical knowledge at first. The more theoretical knowledge you gain, the better you understand the market and the better you do the trading. For beginners trading can be good, but you need to give time to the market. Don’t trade in greed, and choose a budget before actually trading. At last as always said, trade with the amount that you can afford to lose.

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.

Having that kind of mentality will allow you to develop good understanding, once you start grasping ideas that will let you to create patterns which you will base from your experienced, everyone begins from the scratch and no one can say that when they step their foot into this business they are experts right away, maybe some might experienced decent outcome right away but they can't say that they did not suffer from any failed trades, they will also experienced that but the good thing is they adopt and they adjust,

it's you who will create your own path and even from the scrath or a beginner you'll start climbing and make your way on top and become a good and experienced trader, maybe you can rely your finances once you reach the very top where trading will become your main bread and butter.

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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?

the question is, is he ready to learn trading? because it is not easy to get to understand in just one day, it is not true, and there is no shortcut. In short, it requires dedication as some of our colleagues on this platform say.

As long as it's important, let's not rush the things we want to learn, and if anyone wants to do a trade right away, they should just start with small capital so it doesn't hurt our feelings. And start studying the basic common indicators that can help us perform technical analysis.

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Quote from: Nrcewker on March 05, 2024, 01:03:45 PM

Just try to go with the basics. Try to gain theoretical knowledge at first. The more theoretical knowledge you gain, the better you understand the market and the better you do the trading. For beginners trading can be good, but you need to give time to the market. Don’t trade in greed, and choose a budget before actually trading. At last as always said, trade with the amount that you can afford to lose.

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.

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Quote from: Nrcewker on March 05, 2024, 01:03:45 PM

Quote from: Sakanwa on March 06, 2023, 07:18:09 PM

I guess with all your ideas and contribution to my question will really help me go along way and also help a beginner that want to start up trade know what to do from all your ideas. Thanks once again!!.

Just try to go with the basics. Try to gain theoretical knowledge at first. The more theoretical knowledge you gain, the better you understand the market and the better you do the trading. For beginners trading can be good, but you need to give time to the market. Don’t trade in greed, and choose a budget before actually trading. At last as always said, trade with the amount that you can afford to lose.

In trading you can do without knowledge, so it will be a waste of time and resources for beginners to go into trading without knowledge . 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.

Trading is very risky and it is not ideal for beginners to rush into it without understanding. Trading is not that easy for anyone to cope in it with just ordinary understanding and not knowing the main things of what trading is all about

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Quote from: Nrcewker on March 05, 2024, 01:03:45 PM

Quote from: Sakanwa on March 06, 2023, 07:18:09 PM

I guess with all your ideas and contribution to my question will really help me go along way and also help a beginner that want to start up trade know what to do from all your ideas. Thanks once again!!.

Just try to go with the basics. Try to gain theoretical knowledge at first. The more theoretical knowledge you gain, the better you understand the market and the better you do the trading. For beginners trading can be good, but you need to give time to the market. Don’t trade in greed, and choose a budget before actually trading. At last as always said, trade with the amount that you can afford to lose.

As it should be but most newbie traders would really be having that kind of greedy approach on which they are trying out to learn up those skills on that fast manner and wont really be tending to know or stick with those basics, until they would be finding out themselves that getting wrecked by it and this is something that must be avoided in the first place. Well, people would really be able to make out those realizations on the time that they would really be facing out those kind of challenges or with those conditions. Trading is something a skill that cant really be able to learnt up on a short period of time.

You would really be able to encounter a series or swings of market condition on which you dont know on where price would be going on which it doesnt really getting in line with your technical analysis
and fundamental analysis on which it would really be putting up you on a condition that you dont know on what you are doing. Grin

This is why it would really be that important that you should really know on how to adapt on things accordingly or being that versatile. Learn from those mistakes
and be wary on next time that you do deal up with this market.

Nrcewker

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Quote from: Sakanwa on March 06, 2023, 07:18:09 PM

I guess with all your ideas and contribution to my question will really help me go along way and also help a beginner that want to start up trade know what to do from all your ideas. Thanks once again!!.

Just try to go with the basics. Try to gain theoretical knowledge at first. The more theoretical knowledge you gain, the better you understand the market and the better you do the trading. For beginners trading can be good, but you need to give time to the market. Don’t trade in greed, and choose a budget before actually trading. At last as always said, trade with the amount that you can afford to lose.

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Quote from: shawonngp on March 05, 2024, 09:50:16 AM

No, trading is most dangerous for the beginners and without knowledge I don't recommend it. You met a guy who had no knowledge about trading and he started trading his all of saving it's very risky and undoubtedly he will lose all of money at any time. no way to sustain in trading without technical knowledge.

It's not about technical knowledge, one might be able to sustain a trading career without much technical knowledge but when they are getting into trading, they need to at least have the basic knowledge about the market and the cryptocurrencies they are willing to trade and most importantly, they should know trading practices including techniques such as risk management and anything else that can be required when they are trading.
That being said, you are right that it can be dangerous for someone to venture into trading if they don't have any knowledge about it. so it's essential for them to first gain knowledge and then get into trading.

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Quote from: cute nmp on August 12, 2023, 02:43:58 AM

Sure, Trading can be good for all both beginners and experts .But it can be very risky for beginners you must learn technical analysis to be able to trade the market and make consistents profits from it. Acquiring Knowledge is a much to become a good trader that can pulled some money from the market Try learning different trading strategies and choose the one that suit you best.

What trading needs is curiosity, when you concentrate properly in trading its obvious that you will not be experiencing more losses as someone who is not curious in Trading may experience loss, what is involved in trading is understanding and seriousness, we can experience loss base on we do not research of trading before we venture into trading, when you have not know the knowledge of trading, its clear that you may lose.

Quote from: TheUltraElite on February 21, 2023, 03:13:26 AM

In my opinion someone who has zero experience of trading on any speculative market but claims to make money easily through trading is trying to fool the person in front. Those who have been trading for years know how the market works but not newbies.

What I really wants to tell you is that, you should be able to understand the basics things of trading before someone venture into it, if you have zero understanding of trading its obvious that you will not make a profit as I stipulated above..trading needs proper focus and engagement that will help to facilitate to overcome the problems, so if you don't have that experience you end up losing whatever you have.

Quote from: shawonngp on March 05, 2024, 09:50:16 AM

No, trading is most dangerous for the beginners and without knowledge I don't recommend it. You met a guy who had no knowledge about trading and he started trading his all of saving it's very risky and undoubtedly he will lose all of money at any time. no way to sustain in trading without technical knowledge.

Trading is not really good for someone who doesn't knows nothing about trading, when the person enters trading it will continue to lose more money, so it's good to understand trading before joining

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No, trading is most dangerous for the beginners and without knowledge I don't recommend it. You met a guy who had no knowledge about trading and he started trading his all of saving it's very risky and undoubtedly he will lose all of money at any time. no way to sustain in trading without technical knowledge.

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If no one has an idea about trading, then it is not possible to achieve success through trading. To achieve success, you must acquire enough knowledge about trading. Because if you don't know about what you want to trade then how can you succeed. When I don't understand anything about trade how can I expect success from there so how can I expect success. In order to achieve success, one must acquire enough knowledge about trading. In trading, you must patiently check the market and have a long-term trading plan. If you have a plan, you can definitely get success through trading. Many times it is seen that we lose patience in trading. Patience is very important in trading. We need to be patient in trading. Many times we do not get success.We should not lose patience.

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

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it?

Technically, we all know that an individual with no knowledge about trading can never do well when it comes to trading, but we also know that if that same individual is being assisted by a professional trader (i.e Copy Trading) he/she is likely to make massive progress due to the involvement of the third party who happens to be the knowledgeable trader. Hence, the best advice that could ever be given to a Newbie trader is for him/her to first learn it's basis, master how the market works, and then trade with a little capital he can always afford to lose while learning.

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Quote from: Jody.Drummer on August 06, 2023, 08:04:47 AM

Quote from: Bitcoin_people on August 05, 2023, 11:00:16 PM

Basically trading is good for newbies if they can gain experience. A new trader needs to know some things that he can trade profitably by knowing. To make profit there are certain trading tips to follow and advice from well experienced traders. If trading is done according to what they suggest then it will definitely be beneficial for the newbies and they can trade and make profit. Otherwise there are many new traders who do not understand the market but they want to start trading and during this time they face losses. So all those newbie traders out there should always follow good advice. But I think it is better if newbies can gain experience in all aspects of trading.

The truth is that someone new to trading, no matter who they are, will not know what to do first. Many are inspired by the success of others and then they try it themselves, in my opinion it is wrong because if they do it themselves without the right mentor or without looking for a lot of references and only learn from demo accounts alone it will make them experience a lot of losses and in that position they will be confused. Like you said, and I hope those beginners will be able to start with a purposeful goal, meaning gradually starting from the lowest thing. And also they must be able to choose the right mentor to guide their journey, it is not easy to find a mentor who really wants to provide knowledge that is in accordance with the facts, many of them only take advantage of the situation for profit only and also many of them beginners who become victims. In my opinion, the most important thing is that they (beginners) have skills in controlling themselves, are not easily provoked and always have a definite plan in doing so, these limits will be able to reduce the level of loss and avoid them from being called MC.

In normal physical business it is impossible for someone to who don't have knowledge to just wake up and decide to start without any knowledge and expecting to do well. People just feel trading is so easy that once they have the capital for trading they can start even without knowledge and make good profit from it. Trading doesn't work this way, trading is hard anf complicated expecially for the those who don't have better knowledge or no knowledge about it. The first step to go for in trading is learning how to trade. Trading is not easy and without knowledge one can lose All that is in trading, we need to learn to make profit from trades. Making money shouldn't be the first priority in trading but learning should be the first priority in trading.

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Quote from: cute nmp on August 12, 2023, 02:43:58 AM

Sure, Trading can be good for all both beginners and experts .But it can be very risky for beginners you must learn technical analysis to be able to trade the market and make consistents profits from it. Acquiring Knowledge is a much to become a good trader that can pulled some money from the market Try learning different trading strategies and choose the one that suit you best.

If you're a beginner, you can trade but have to start with the learning process of trading before going full into trading in proper, when trading as well, don't engage doing things you're not familiar or experience in, start with a gradual approach and little by little, don't put in much amount of money being a beginner since you're still learning, if you don't mind you can try out some faucets or trading demo account to begin with, lastly, being a newbie, trade bitcoin and avoid any currency that may waste your efforts and asset overnight to null.

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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?

the problem with starting something is readiness from yourself, if you have a strong intention to start trading then what you need to prepare is mental, money and knowledge ^{(trading basics, reading charts and economics)}
i quite often meet people who want to start something but don't want to be complicated with learning ^{(it is impossible for you to go to sleep tonight and waking be a professional trader)}, without good knowledge, it is difficult to be able to master trading and also have good mentality and emotions in trading.

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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?

Best course of action for your friend if he does not have good market knowledge or does not have basic trading knowledge it is better to ask for guidance or you provide him with the help of an investment coach. Because without a scientific basis there will definitely be losses, even though this sounds normal or normal. But I believe this is the most effective way to enter the world of trading to avoid losses that make our finances unstable.

Because in trading we cannot just guess when it will go up and when it will go down, we also need to analyze the features that will come even though we can only guess in two ways. In the end I just want to say all the things we need to learn first then the money will come, it's a logic game. I myself am more sensitive mentally, but say that emotional intelligence is higher than IQ but balance of mind is important when doing something in trading.

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Sure, Trading can be good for all both beginners and experts .But it can be very risky for beginners you must learn technical analysis to be able to trade the market and make consistents profits from it. Acquiring Knowledge is a much to become a good trader that can pulled some money from the market Try learning different trading strategies and choose the one that suit you best.

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Quote from: milewilda on August 06, 2023, 03:51:25 PM

Quote from: Patrol69 on August 06, 2023, 09:46:26 AM

Quote from: armanda90 on August 06, 2023, 08:24:20 AM

Actually, for beginner not recommended for trading without have knowledge, many unpredictable happen at the future actually get potential loss capital when little mistake in trading, but trading could be alternative side job for every one without have to spent all day for working. Current now, many channel information about trading and for beginner can learn step by step how to be success in trading but have to remember in trading is not fast way to earn profit or become rich person. All expert in trading come from beginner or newbies and success manage well with trading factor how to be success by reading as much information or news update about all coins news, depend many people have been success in trading come from beginner why not for beginner success in trading?

When new members start trading without having enough knowledge about trading new members can cause serious loss of their money due to a small mistake so new members should never start trading without having enough knowledge about trading.
Beginners should not focus on trading in the beginning but should focus on other aspects of cryptocurrency and try to learn about the unknown. Most of the new members are usually more interested in trading by looking at the positive side of trading, they think that buying a coin will make them profit but it is not that simple. There is a lot to learn about trading, you need to learn about trading and try to gain practical experience but success in trading is possible.

No matter or whatever you do, it is really just that sensible that you should really be that needing on knowing the basics on the time that you would planning to make some engagement with trading.Just like on what most people been pointing out that its never been simple and its not something that could really be able to know and be sustainable for someone who do just recently start but doesnt mean that we cant really make out some engagement to it knowing that everyone could freely deal up or engage with trading as long we are ready and pursuing out on becoming a trader. Yes, its never been that easy but totally could be learnable.
If you are just a newbie then it would really be just that normal that you would really be committing out lots of mistakes and errors but in due time you would really be making yourself able to learn out of those
errors and mistakes. If you are really that serious on learning up then you should need to sustain and survive and getting in line on what are the realistic approach towards on things.
Just be remindful that you shouldnt really be that in a hurry in speaking about trading executions and having that greed that you should really be doing it fast.

Allocating good amount of budget that you are willing to risk while learning the process, it's something newbies really can allocate and even they will not succeed they just need to learn in each trade that they've taken, just the same with what you said, it's learnable as long as you really wanted to pursue your career and make it to happen.

Though not all are expected to succeed but it's always better to try to see if you will have that luck to learn more about trading.

Take a baby step and continue seeking for more knowledge. Don't rush your way, as trading is always accompanied by risk. You should take note of it.

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