Is trading good for beginners? - page 8.

MFahad

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

He can trade but he will be more likely to lose all his savings, not only in trading but in all types of work, business and others if done without the right knowledge you will get nothing but loss and despair, even when the person has the knowledge and is ready plunging into trading he still has the opportunity to lose because not everyone is suitable for trading. Sometimes it's easier to start a business in the real world than do trading.

Exactly true that knowledge is the power and if you use knowledge in a right way so there is nothing more difficult to achieve. Business in real estate is more beneficial because than trading because trading needs learning and if you learn then use your knowledge accurately also matters as well as to learn how to take step during difficult circumstances. Business in real estate is not such risky as that of the trading but people prefer trading more because of its high return but I think never have to put your overall money and as you have profit so use profit for trading and recover your invested money back for further use.

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Quote from: Litzki1990 on April 29, 2023, 09:46:08 AM

Trading for newbies can be good only when newbies know about trading and then trade. Those who give advice to others for trading say that the amount of money to be spent on trading should be deducted from your total money because there is a lot of risk in trading. Even if we trade with enough knowledge or knowledge about trading, we still have risk of money. If a person trades without minimum knowledge of training, then you can imagine how much trading can be harmful for his money. Every new trading interested member should first try to learn about trading. Trading is not a place to read in haste. Here you have to be patient and have enough ideas and then start trading. Moreover, training can never be good for beginners.

Doesnt matter if we do speak about trading or whatever things that you are tending to get involved because everyone could really be that a newbie on a particular stuff because not all things which is known by us,
which means that if you are newbie or completely noob on a certain thing then being good or bad isnt really an indicator for you to be worth it on engaging but knowing or speaking about trading which is particularly a thing which does gives out that kind of opportunity or chance for you to make profit or money then i could consider that this is a good engagement, although it is really that risky but somewhat worth
on the time that you would really be having a good grasps into it. Trading is good but its not something that could anyone could easily pull off. You cant really be that just that too
confident because market is unpredictable and this would really be involving lots of emotional impulsive situations which it would be that normal.

Litzki1990

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Trading for newbies can be good only when newbies know about trading and then trade. Those who give advice to others for trading say that the amount of money to be spent on trading should be deducted from your total money because there is a lot of risk in trading. Even if we trade with enough knowledge or knowledge about trading, we still have risk of money. If a person trades without minimum knowledge of training, then you can imagine how much trading can be harmful for his money. Every new trading interested member should first try to learn about trading. Trading is not a place to read in haste. Here you have to be patient and have enough ideas and then start trading. Moreover, training can never be good for beginners.

merekamo

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If someone doesn't have any knowledge about trading and how the system works, it's not advisable for them to start trading with all their savings. Trading involves a lot of risks, and without the proper knowledge, skills, and experience, one may end up losing all their money.

However, if the person is interested in trading and wants to learn more about it, they can take some online courses, attend seminars, or even seek the help of a professional trader to guide them through the process. It's essential to learn the basics of trading, such as technical analysis, fundamental analysis, risk management, and trading psychology.

Regarding the idea of choosing on the candlesticks, it's essential to note that trading is not just about choosing between two options. Trading requires a lot of analysis and decision-making, and basing decisions solely on the candlesticks is not enough.

Anguwa

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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? 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 possible for anyone to get profit if they trade when the market is favorable, but it will be very good if a beginner start holding coin instead of trading them because I think they lack experience on market movement and also lack knowledge about the trading itself. If beginner decides to follow all those trading signal experts I think it is a wrong direction because no one can predict market.

Patrol69

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"Trading" is not as simple as we think but it is not so simple. We may think we came to trade, traded and left victorious. The thing is not like that, the meaning of the word trading is many. If we do not decide to trade with understanding then the word trading is very difficult for us but if we do not have the minimum idea about the market and take trade only by seeing some temporary ups and downs of the market then trading is very easy for us. People who are really wise or who have enough knowledge about trading never take decision in haste. Before taking a trade or decision, they think about it several times. And multiple times the market observes different candles and there are some other rules which they try to work by following.

But trading is not safe for beginners. Because those who don't have the slightest idea about how to succeed in trading. Newbies should learn or learn about trading first without getting directly involved in trading.

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Quote from: Wolfblood200$ on April 21, 2023, 06:37:23 PM

Every trading has a beginning you have to start your trading journey with deep education on how to trade and make profit and loss and also being consistent

Trading is not only all about knowledge,or education,I agree with you that education is one of the major keys involved in been very successful,but trading is not only based on that,I think trading has a little to do with luck.Trading is a little bit related to gambling,where you stake and wait for luck to decide it.Most persons who claimed to be very educated and have a wide range of experience in trading have failed and loss many times but they won't just let it out.And I don't really advice people to rest their mind on trading because it has failed many persons,and have broken many lives.It is better to hold of don't want to experience such,becausee holding doesn't carry much tension like the way trading does.

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Trading can be very risky and is not suitable for everyone. Even professional traders do not always manage to make money in the market, and it can be even more difficult for beginners. Therefore, if you do not have knowledge and experience in trading, I would recommend starting with learning and understanding the basic principles of trading in financial markets.
If you do decide to start trading, then you should invest the time and effort into learning, strategizing, and planning your trades. Follow a well-founded strategy and don't just try to guess the direction of the market. And remember that trading is not a get-rich-quick scheme and requires patience, discipline and risk management.

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Quote from: ancafe on April 20, 2023, 11:18:08 AM

There is no one who is truly a beginner if they want to trade, because surely they will try to learn first before starting and I agree that for people who do not have knowledge should not do trading before learning how.

If people do not master the science of trading, you should try to find other jobs that are easier and many reasons they will suffer losses when running trading without basic knowledge. But if your friend has an interest in trading, then the step that must be taken is to learn the basics of trading and most importantly ready to lose when conditions are beyond estimates.

This is the dilemma that without practice it will be impossible to acquire the necessary skills for successful trading. Therefore, I would say that you need to trade and gain experience, but you need to start with small amounts that you are likely to lose, but you will gain experience and be able to understand in real trading what works best for you, which strategy is good and which is not good.

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Quote from: Wolfblood200$ on April 21, 2023, 06:37:23 PM

Every trading has a beginning you have to start your trading journey with deep education on how to trade and make profit and loss and also being consistent

For better understanding and to better position oneself to becoming a really good trader, I consider it very important for new traders to start their trading journey by starting with demo trading.

Technology have become do advanced that any body can learn how to trade efficiently without having to spend huge sums of money to learn from professionals, anybody can learn trading at the comfort of his or her home and also at his or her own leisure time.

Trading in demo mode simply means, trading with fake money, money that is not real, the exchange will issue this money to your demo account to trade with, and how you are able to increase this money after a period of time could determine how good a trader you can become or be when trading real money.

Wolfblood200$

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Every trading has a beginning you have to start your trading journey with deep education on how to trade and make profit and loss and also being consistent

Forever101

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Trading requires have a foreknowledge of the ecosystem before venturing into it. Trading can be done by anyone but the result depends on individual level of understanding of what it takes to trade and make substantial profit

ancafe

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

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?

There is no one who is truly a beginner if they want to trade, because surely they will try to learn first before starting and I agree that for people who do not have knowledge should not do trading before learning how.

If people do not master the science of trading, you should try to find other jobs that are easier and many reasons they will suffer losses when running trading without basic knowledge. But if your friend has an interest in trading, then the step that must be taken is to learn the basics of trading and most importantly ready to lose when conditions are beyond estimates.

martyns

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My little advice to any beginner who haven't known how to trade,and have not gotten any experience in trading is that trading is just like gambling,the more you think you will win,is the more you will lose,and the more you think you can recover your money,is the more you will lose your money.Trading is not for children,it is not for people who will lose a small amount of money and panic,but it is for those who are hard hearted,it is for those who have determined to win,nomatter the circumstances on the.Wining is something you work for,it is something you learn from those that are more experienced in the field.Therefore,I do think beginners joining the forum new should wait and learn from the experienced people here.

bangjoe

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Quote from: Fredomago on March 22, 2023, 12:23:29 PM

Quote from: armanda90 on March 22, 2023, 12:35:35 AM

Depend on which one trading kinds choose by beginner, right now future trading more popular than spot trading because get more and faster profit than spot trading. But with future trading have bigger risk and I think is good choose for beginner with trading in spot, for beginner have mindset with trading not always promising high profit return but some time unpredictable with price drop drastically and we loss our capital.

Good ideas for beginner learn basic and step by step how to start trading exactly in cryptocurrency always have moment fud for making price drop and pump, keep controlling emotion and greedy before start trading in cryptocurrency because many people get bad experience loss in trading due loss control and greedy want to earn more profit.

Yeah I can take that statement, depending from how beginners start their trading participation, like what you mentioned, if you choose future trade meaning to say that you are willing to gamble with your money as the market do have volatile behavior, while if you are more into holding and willing to go for long term wait, spot can help you to wait and understand the adjustments that you needed to do.

Beginners needs deeper information with how the business works and how they can properly adopt with the market movements.

I personally think future trading would be very risky and not a good thing for beginners to do in their trading I think it will give them a slap in the face.
It would be better for a beginner to start at an early stage by playing or spot trading to reduce their losses on price fluctuations, this will be much better than using futures trading, besides that it is accompanied by learning technical analysis, sentiment news and fundamentals to strengthen predictions of going up or the price turns on spot trading, if you start to understand and can get profits I think it's not a problem to play in future trading because you already have a strategy and analysis of market movements, bad things will happen if you rely on luck.

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Quote from: octobuzz on April 19, 2023, 10:24:30 AM

Trading is not a get-rich-quick scheme. Most beginners usually want immediate gratification, hence, they venture into crypto trading with little or no knowledge at all. I don't think people who are just starting our in crypto should engage in trading.

They should get a good understanding of the concept before they begin trading. This would obviously take quite a lot of time but it would be worth all the mistakes and errors in the future. Information is power.

Indeed. Some people think it's easy to become a trader and you can earn huge in instant, not aware how risky it is. Knowledge is vital in trading, trying to trade without knowledge is like going to a war without a gun since you don't have idea of what you're getting into. It's likely that you'll only lose your money because you missed the basic steps that a trader should do before starting.

Thus, for newbies, if you'd like to become a trader then learn to fill your mind with knowledge and don't rush. Because it takes time and that is when you are already aware of the things to know (trading strategies, technical analysis, self control etc.) and able to understand the market flow.

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Quote from: nara1892 on April 19, 2023, 10:03:14 AM

Quote from: jeraldskie11 on April 19, 2023, 02:52:35 AM

Quote from: |MINER| on April 19, 2023, 12:50:56 AM

Things that seem easy, but in practice it is not as easy as imagined. Maybe the people who think it's easy are those who think they just put in money and then apply the entry and then withdraw profits, that's what I see from those who ask me. I've even been offered to use their money, and I only need to give them profit every month. I just smiled when I heard that, and I tried to explain to them that trading is not that easy. Sometimes I also lose a lot of money because the market turns out to be unfriendly during trading.

It appears to be fine when they approach you to trade their money, but if you do and liquidate their cash, even if you try hard, I'm sure they will chastise you. So, regardless of what they do, never agree to trade with their money. Trade your own money to avoid conflicts with others if you lose.

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Quote from: martyns on April 19, 2023, 02:00:41 PM

~ some beginners think trading is the way to making money,and they say that simply because they haven't experienced loss before.They think the moment you venture into trading,you are already on your way to riches not knowing that if you don't really take time to calculate your trading movement,you will lose and end up having emotional issue.

It is true that trading is one of the ways of earning money. Nothing with this assumption!
However, it is not easy as beginners think, trading requires sufficient knowledge and experience. Without knowledge and experience, it is difficult to earn money in trading since trading needs proper strategy and requires good mentality. Sure, not every day we can't earn money from trading, sometimes we may get losses. So, beginners also need to know that trading isn't only about earning but it is also about how to deal with losses. This is why we need knowledge and a good mentality to have good trading management.

Quote from: martyns on April 19, 2023, 02:00:41 PM

Everybody can venture into trading irrespective of the time started,it doesn't really mean whether you are a beginner or not,all that matters here is the way you go about yours,and the strategy you use in trading are the determining factor in trading.

Yep. Success in trading depends on the strategy. Whether beginners or experienced traders must use proper strategies to succeed in trading. To know what the proper strategy is, we need sufficient knowledge and experience. These are something that most beginners don't have. So, that's the reason why many beginners fail in their early journey in trading.

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Quote from: octobuzz on April 19, 2023, 10:24:30 AM

Trading is not a get-rich-quick scheme. Most beginners usually want immediate gratification, hence, they venture into crypto trading with little or no knowledge at all. I don't think people who are just starting our in crypto should engage in trading.

With people's success in trading, those that have heard about it are the ones thinking that this is an easy way and a quick get rich scheme wherein they think that they can do it as well.

IMO, nothing wrong with the new ones to engage with trading but they need to understand the risk and the fate isn't with them at the beginning.

Quote from: octobuzz on April 19, 2023, 10:24:30 AM

They should get a good understanding of the concept before they begin trading. This would obviously take quite a lot of time but it would be worth all the mistakes and errors in the future. Information is power.

And little information is dangerous as they say, that's when someone think he's better than the others by just having the crowd source information.

martyns

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Quote from: octobuzz on April 19, 2023, 10:24:30 AM

Trading is not a get-rich-quick scheme. Most beginners usually want immediate gratification, hence, they venture into crypto trading with little or no knowledge at all. I don't think people who are just starting our in crypto should engage in trading.

They should get a good understanding of the concept before they begin trading. This would obviously take quite a lot of time but it would be worth all the mistakes and errors in the future. Information is power.

You are right mate,some beginners think trading is the way to making money,and they say that simply because they haven't experienced loss before.They think the moment you venture into trading,you are already on your way to riches not knowing that if you don't really take time to calculate your trading movement,you will lose and end up having emotional issue.Beginners who look for mentors and learn from people who are already experienced in the field are liable to do exceedingly well in trading.

Everybody can venture into trading irrespective of the time started,it doesn't really mean whether you are a beginner or not,all that matters here is the way you go about yours,and the strategy you use in trading are the determining factor in trading.

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