Topic: Is trading good for beginners? - page 7. (Read 3004 times)

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.

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.

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.

Successful trading requires a lot of skills and knowledge, and for beginners it may seem too tedious, they do not want to learn all aspects, they want to start trading immediately after watching a few video lessons. Because it seems so simple, bought low, sold high and you are rich. And after several attempts, the understanding comes that it is not so simple and you either need to study further, or not to do it anymore.

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 say that beginners shouldn't start without experience, I think that's not quite right because obviously a beginner won't have experience in the field, unless they're new to it. If they are beginners who want to jump into the world of trading, then they should look for their version of the best mentor first, because it is clear that it will most likely have a bad impact if done alone without being accompanied by someone who is experienced and has high flying hours in that field. So it is true that for their first steps in trading they can use a demo account as an initial learning stage and a deeper introduction, before jumping into real trading at least they already understand and master the content on the platform via a demo account. It seems that it will have a very negative impact if a beginner is determined to start trading on his own without sufficient knowledge and understanding, because currently there are many wrong paths in trading and then they experience a lot of losses and experience frustration.

It is undeniable that even an experienced person is never immune from losses and many of them make wrong decisions due to lack of emotional control. If someone trades on emotions then it is no different from gambling and winning is just luck for them. Therefore, in trading one is required to be able to control his emotions and maintain psychological calm so that he can think clearly in making decisions.

Yes people often take wrong decision even if they have more experience so without knowledge there is no chances of getting your cash or profit. Gamblers things that trading will be as same as that of gambling but they are on wrong way because you will not utilize your knowledge in gambling but utilization of knowledge become necessary when we enters into crypto market for the purpose of trading and investment.



Investment and trading both needs knowledge because if you invest in bitcoin and don't know when to sell and when to buy then how you will take profit? keeping eyes on price chart is also necessary and you need to know that when Bull season will initiated although its something difficult but major events are known like that of halving so try to understand the market.

It will not be easy for such trader to make a good profits from his or her crypto trading, because crypto trading is different from other trading which required knowledge to know when to trade in the market and when to hold to avoid losses at the moment. Many traders are still finding it difficult to understand crypto trading in the community, because they are still following the candle to know whether it is time to sell or buy, and is making them not to achieve what other potential traders are achieving in the community. I started crypto trading when I have the knowledge because it took me some years to know some things that make crypto traders profitable which is helping me to grow higher in the community.

Totally agree with you that newbies should not start trading without experience. Rather, trading in any forum without knowledge and experience proves to be a cause of loss. It is true that a good profit can be made in trading but it is very important to learn and understand it. Crypto currency market is a volatile market so trading here without market analysis and information is very difficult. A demo account can also be used to start trading and thus get a good experience for learning. However, there are many platforms to learn trading from where newbies can get a lot of information about trading.

No i could not think that. Because trading only should for experienced people. Without any experience he will be huge losser there has no doubt. Because trading is not too easy. To be a good trader at first need proper knowledge about trading. Beginners need to know about technical analysis, fundamental analysis, money management etc. When any newcomers gather knowledge about that’s analysis then he can start firstly demo trading. Thenn can be trading is good for beginner. Otherwise any beginners should not start trading to avoid risk.

A professional traders was once a newbie so without been a newbie and making profits when trading, no one can become a professional therefore both the newbies and professional traders can trade and make profits, profits isn't meant for only professional traders.

A newbie that wants to become a traders need to understand that trading needs discipline and without disciples he can't become a professiyon trader that can make money due to the experience he has gathered while trading, professionals also lose some trades too.

If professional traders can lose while trading that means newbies can also gain while trying therefore trading isn't just for professionals only. But as a newbie you have to be very smart and make sure you have strategies that'll make you profits to become a good trader.

Yes, your appetite will increase along the way when you already understand the whole process, better to keep studying and dealing with your research before stepping your feet inside this wild industry, it's not an easy at it is and there are many failed attempts from those who thinks that trading is a venue to make a quick way to be rich.

Though if luck permits, maybe it will happen just how those early believers who manage to buy and hold, then when that huge market pump takes place they all earn decently.

Come to in mind that those professionals are once noobs on which if they could be able to reach out that state then it is really that possible for you to reach out that state too, it is really just it do only differs when it

comes to experience and time and effort that you have able to dealt on this market which for you to be able to reach out that certain condition then you should do the same thing but of course the results or outcomes
wont really be just that the same for those people who do reach out that pinnacle on dealing with this market. Its not something that would really be that an assured thing but at least you have done something which
are supposed to be done if you do have that kind of target when it comes to trading. Never take this thing for granted because this isnt something that you could learn up for few days but rather it would take years
for you to be able to have a good grasps into it and of course it would really be depending on how fast you would be able to understand on what you are dealing with.

Trading is for everyone or someone who are really that eager on learning it out, it is really just that people commit out mistakes just because they do tend to rush up things.

Gaining in trading is only possible for experienced professionals.Trading involves a lot of different factors, but the one I fully get is that the lower your investment, the lower the risk, but the bigger your investment, the higher the risk, and vice versa.All of this is true for experts, but beginners need to learn more and more in order to succeed. In order to do this, beginners must focus and take things slowly; over time, everything will improve. The first thing beginners need to remember is that patience comes before greed.

Maybe trading in small amounts is good for gaining experience for beginners,
but what must be realized is that trading is so risky that when we have no knowledge and experience at all it will be easy to lose,
it's better to focus on learning and gaining experience gradually so that you can develop.

You are right that trading can be a profitable investment for newbies but there are always risks of loss along with profit. There are great opportunities for profit in trading, but this is only possible if one has good experience and knowledge in trading. Without experience and knowledge the risks of loss on this platform increase. Newbies should get well informed before trading. Newbies can start trading with a small portion of their capital. Trading is not as easy as it looks. There are many platforms to learn trading from where newbies can learn a lot. However, investing in any field without knowledge and experience can be risky.

For beginners, trading can be tempting but also risky. It has the potential for making money, but it's not easy. Financial markets can be confusing and unpredictable, leading to big losses. Before trying trading, beginners should learn about it, be careful, and consider other safer ways to invest their money. Understanding the risks is essential to avoid the losses associated with it.

Doing something without knowledge is like creating a time bomb that will explode at any moment. Especially in terms of trading, someone who has a lot of experience and knowledge can still sometimes be wrong in analyzing the market, especially this who acts without knowledge, I prefer to say it as a gambler, because what is the difference because surely those who do it hope for luck alone, while something that is very thick with luck is gambling.
I would say no to someone who has not enough knowledge to do trading, it is better to invest in bitcoin alone while learning more about how to trade, and what we have to understand in it.

Trading will not be good for beginners, because they have no idea about trading. They will only lose their money because they are new. Which will hurt them a lot financially. For beginners it will be very difficult to earn money from trading. Because they have never done any research about trading and they have no knowledge about trading. If they want to start trading then they need to start trading with small amount of money first. So that they can gain knowledge about trading and understand the market of trading. And always trade with good research. This will make you a better trader.

Trading may be a useful instrument to make extra money, but it takes a lot of commitment, work, and self-control. Although there is danger in trading, it is possible to make money from it with the right information, risk management, and strategy development. Beginners should approach trading with a growth mentality and an openness to making errors. Even beginner traders may achieve market success with time, effort, and practice.