Is trading good for beginners? - page 6.

Rengga Jati

hero member

Activity: 2156

Merit: 670

Hire Bitcointalk Camp. Manager @ r7promotions.com

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

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.

Yes, you could say this is the easiest and fastest way to lose money. Because everyone knows that trading really requires quite complex skills, not only related to knowledge about crypto and trading. But also how we manage ourselves during trading activities, including managing and controlling our emotions and mental to be able to stay calm, positive, wise, patient, and not panic wat, managing funds to be wiser in spending how much money to put into position, and also managing the risk on how high we can take risk and ready for the risks, also to avoid the risks as good as possible.

So, if we only have the money and we start trading with a lack of knowledge and also other management as stated above, this will be really risky for the newbies. It will seem like gambling in crypto trading. This should be avoided to secure our money.

kawetsriyanto

legendary

Activity: 2464

Merit: 1140

duelbits.com

Quote from: awik p on August 07, 2023, 03:19:20 AM

will be even more at risk if they do short-term trading, of course the risk they will suffer is greater. buying and choosing coins for trading is not as easy as one might imagine, of course you have to go through in-depth analysis and implement a strategy, because the market sometimes doesn't match our expectations. for beginners it would be better to make the first investment by doing long-term trading so you won't be dizzy and of course your mentality will be maintained

Short term trading can be daily trading or weekly trading. Which one do you refer to?

Daily trading can be a bit safe if someone has enough knowledge. In daily trading, we only buy and sell the coins daily, so there will be no significant change. Commonly, the profit isn't very big but people can get regular/constant profits daily. But weekly trading can be riskier because the price can change significantly in a week. This needs better understanding about market trends and the progress of the coins to trade. I think weekly trading is totally not for the beginners. In this type of trading, the possibility of bigger losses will be more than daily trading.

AnonBitCoiner

sr. member

Activity: 1456

Merit: 326

Eloncoin.org - Mars, here we come!

Quote from: Timmzzy on August 06, 2023, 03:03:28 AM

just like you were born to this world you dont know how to walk Right? your parents will have to nurture you with love, care and support till you grow up to be able to walk on your own and do things on your own, so thats same thing with how trading works without anyone to coach you and put you through you cant do it on your own. i dont think anyone is born with the TALENT OR KNOWLEDGE of trading, we all got an idea or clue from some were some how.

This is true that everyone has to learn because no one is born as a trader, doctor, philosopher or anything else, it's up to a person that what he choose to be and for what he works hard.

In life when a child born then there is a support of parents but in trading you have to work by yourself as getting help from others sometimes become dangerous because there are lots of scammers present here who will scams you and you will be unaware of this.

No one is successful trader from the beginning but it is concerned with your understanding and consciousness which you will pick up as the time flows.

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

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.

will be even more at risk if they do short-term trading, of course the risk they will suffer is greater. buying and choosing coins for trading is not as easy as one might imagine, of course you have to go through in-depth analysis and implement a strategy, because the market sometimes doesn't match our expectations. for beginners it would be better to make the first investment by doing long-term trading so you won't be dizzy and of course your mentality will be maintained

milewilda

legendary

Activity: 3094

Merit: 1127

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.

Patrol69

sr. member

Activity: 686

Merit: 286

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.

armanda90

hero member

Activity: 1218

Merit: 608

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?

Jody.Drummer

hero member

Activity: 1750

Merit: 567

Leading Crypto Sports Betting & Casino Platform

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.

Timmzzy

member

Activity: 785

Merit: 34

SOL.BIOKRIPT.COM

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?

just like you were born to this world you dont know how to walk Right? your parents will have to nurture you with love, care and support till you grow up to be able to walk on your own and do things on your own, so thats same thing with how trading works without anyone to coach you and put you through you cant do it on your own. i dont think anyone is born with the TALENT OR KNOWLEDGE of trading, we all got an idea or clue from some were some how.

Bitcoin_people

sr. member

Activity: 742

Merit: 387

🎗️🍁🎭

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.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: ZAINmalik75 on July 26, 2023, 01:11:53 PM

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?
so I wan to know if it's right for the person to begin trading?

Trading can be done by everyone but in reality it's not for everyone, here only those guys got handsome profit who has proper knwoledge and experience, may be your friend got profit some time by just blindly prediction but end will be very horrible,
Because there are dozen of stories where people lose million of thier dollar and most of people in them are newbie with a less basic knwoledge and with a weak mindset and emotions.
Crypto market are just like cricket ground when ever you jump into it without basic knwoledge, experience and safety you will play few ball by chance just like your friend did but when ever you face market bouncer there will be no solution due to lack of knowledge and safety and due to this it will definitely damage you as much as hardly.
So in my view in starting fase you should go for Bitcoin long term investment instead of trading because here is no need of safety and basic knwoledge.

Following that statement, it's true that even you don't have deeper knowledge you can still execute your trade, there are many people who claim that they are already a trader because they manage to execute a trade, but in reality there's always competition inside the market and basic knowledge would not save you from losing a lot, you need to dig deeper and to learn all the factors that may affect your decision making before you can really harvest the full benefits of this venue.

It's open to everyone but not for everyone, and the common outcome is there are more losers that those who really maximize the profits out from this industry.

Your decision always base between your knowledge and the luck that backing you from each position you take.

ananyabushra

jr. member

Activity: 64

Merit: 1

In my opinion, for beginners, it's wiser to invest and hold rather than trade. If you hold onto the leading altcoins, you're more likely to make a profit. This way, you'll gain profits alongside your initial investment. However, if you choose to trade, there's a risk of losing your initial investment.

ZAINmalik75

hero member

Activity: 1414

Merit: 670

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?
so I wan to know if it's right for the person to begin trading?

Trading can be done by everyone but in reality it's not for everyone, here only those guys got handsome profit who has proper knwoledge and experience, may be your friend got profit some time by just blindly prediction but end will be very horrible,
Because there are dozen of stories where people lose million of thier dollar and most of people in them are newbie with a less basic knwoledge and with a weak mindset and emotions.
Crypto market are just like cricket ground when ever you jump into it without basic knwoledge, experience and safety you will play few ball by chance just like your friend did but when ever you face market bouncer there will be no solution due to lack of knowledge and safety and due to this it will definitely damage you as much as hardly.
So in my view in starting fase you should go for Bitcoin long term investment instead of trading because here is no need of safety and basic knwoledge.

MFahad

hero member

Activity: 2506

Merit: 645

Eloncoin.org - Mars, here we come!

Quote from: Sterbens on July 21, 2023, 12:26:03 PM

At the end of the day, we have to realize that this is not a form of gambling that is just done on instinct. On the other hand, when in this case reflecting on theory alone this will also not go well because basically it must also be accompanied by practice so that when we talk about trading and want to be there then in addition to theory we must also continue to learn in order to get good experience.
Indeed, something like this will not be easy and we will also definitely get some losses because no one can try to succeed immediately, of course, there must be a series of defeats and losses that are passed through, so the alternative in this case is learning through demos even though sometimes things like this are not taken too seriously but if we really take advantage of this, the experience will form by itself.

These series of defeats should use as a step which will help you to reach your successful destination. If we just hear theory and act as a professional traders so it will be wrong because reality and theory are two different things in which if one is missing your success will be not easy.

We should keep eye on every step which occurs during our journey of success and remember that defeats play an important role too which will encourage you to work more hard and use your mind. we are humans and we cannot go smoothly without doing mistakes but we should take knowledge from these mistakes instead of losing hopes.

Pandu Geddon

hero member

Activity: 826

Merit: 583

Quote from: petulino on July 21, 2023, 10:03:49 PM

You are right but I think trading can lead to loss for newbies who have no knowledge and experience in trading. When a newbie enters any field, he has no experience and knowledge, but he tries to learn and gain knowledge before entering that field

A beginner does not mean being without knowledge. it is very possible for beginners to learn and find out some knowledge related to trading before they deposit their money to trade.
Careless beginners may be what you mean, they are without knowledge and skills. obviously, it makes the possibility of greater losses. I would not blame beginners who want to learn to trade. most importantly they understand the concept of trading properly. a matter of loss or gain, it is only a matter of time and how quickly they adapt to understand trading.

petulino

full member

Activity: 280

Merit: 114

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: Flexystar on July 21, 2023, 04:25:06 AM

I think it’s not the correct question. Everyone is beginner when they start something new so I am pretty sure that if you are new then you have learn the field and grow yourself along the way. Trading is something that is on going process. Everytime shares and stocks can take any turn that you would never know without proper study of the same. Moreover, it’s worst when it comes to crypto currency. The main reason is: “volatile nature”. Most of the currencies are highly volatile due to decentralised nature of the currency. So it’s not one but many factors that affect the decision making process. Make sure you accommodate the process whether beginner or not.

You are right but I think trading can lead to loss for newbies who have no knowledge and experience in trading. When a newbie enters any field, he has no experience and knowledge, but he tries to learn and gain knowledge before entering that field. Crypto currency market is a volatile market, anything can happen in the market at any time, so one should have good experience and knowledge before trading here. well-experienced and skilled trader earns very good profits from here. If one has knowledge of charts, knowledge of all the tools used and analytical skills, then one can earn profit in trading. If there is no experience in these things then there will be loss in trading. So I think one should try to learn before entering any platform. Trading is not as easy as it seems.

|MINER|

sr. member

Activity: 1274

Merit: 457

Quote from: Dessy88 on July 21, 2023, 12:54:19 PM

When i first came to the crypto market i used to invest more in ico projects and it was really a very profitable time for ico projects. Later i started trading and i lost a lot of money in the first time and i had a smart trader to guide me. Now i prefer trading and it took me years to get it under my full control.

It was bound to happen, and I think in the life of most traders they have faced this in their beginning time. I think that in the beginning time without any basic knowledge trading will not never a good decision. At first they have to acquire some basic knowledge to jump in trading. And if this not happen then they will also face the losses you or I get in the first time of trading.
Anyway there is a chance for beginners to invest and that is investing on bitcoin for long time. There they don't need much knowledge to trading here just they have to observe the market situation bear to bull. And they should always keep in mind that investment should be always as much as they can effort to lose.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: uswa56 on July 21, 2023, 12:31:08 PM

Quote from: Romeotom on July 21, 2023, 10:32:46 AM

Of course not! Because trading for newbies is risky and in that case your losses will be high. Moreover, without some kind of experience, you cannot make money from trading.
So you should discuss investing as well as trading so that you can be fully experienced. Moreover, you can get many ideas about trading from this forum.

If we don't trade then where will we get experience from?
I think all of us who are trading now have started and processed from the beginning, regardless of the learning that is followed after trading or before, I think it's the same, only deep knowledge before starting can minimize risk.
So there is nothing wrong for beginners to trade, while continuing to deepen their knowledge and get a lot of lessons from the experiences they have gone through.

Yes, it's a need of precautions to avoid losing a lot when you are already doing the trade, with basic knowledge and the eagerness to learn, you will be able to make your way and find success, though it's not an easy as it seems like and there are many aspirants who mistakenly think the concept of making easy money.

Trading can be performed by beginners and if with little knowledge luck back them up, they will also manifest a good amount of profits.

Just need to make sure that they are willing to take the extra mile to learn more about the business.

topbitcoin

hero member

Activity: 1834

Merit: 720

Quote from: Romeotom on July 21, 2023, 10:32:46 AM

Of course not! Because trading for newbies is risky and in that case your losses will be high. Moreover, without some kind of experience, you cannot make money from trading.
So you should discuss investing as well as trading so that you can be fully experienced. Moreover, you can get many ideas about trading from this forum.

If you don't start you won't have any knowledge of trading, everyone experiences being a newbie before finally they can get the knowledge to measure opportunities on daily charts or candles, and losses can't be avoided, but we have a way to not have excess losses in this situation is for a beginner can use a demo account first and start with it, then when you get better experience you can switch to using capital, but you have to use little capital and try to make consistent profits by calculating below 5% consistent target of trial trading capital and do that consistently within a month until you can really benefit from trading, then when you already have a lot of profit with a small capital, you can increase your trading capital to get more opportunities for bigger profits.

And of course this must be accompanied while reading, listening, discussing to support getting better at trading, whether in this forum or outside it's the same.

Dessy88

full member

Activity: 1050

Merit: 100

Vave.com

When i first came to the crypto market i used to invest more in ico projects and it was really a very profitable time for ico projects. Later i started trading and i lost a lot of money in the first time and i had a smart trader to guide me. Now i prefer trading and it took me years to get it under my full control.

Topic: Is trading good for beginners? - page 6. (Read 3017 times)