Trading without experience and knowledge - page 10.

sana54210

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I can assure you that we will only lose. because we just bought without a basis or technique. trading is not as easy as many people think. here requires an indicator as well as experience. sometimes many who already understand the indicators but are carried away by lust it is also difficult to be able to make profits. people should be more patient to invest in knowledge before they get interested in trading

Involving emotions to trading is the biggest reason why people end up losing money, it is not a smart move to put that much money and faith into your feelings because in the end you will lose, there is no way that anyone could make any profit while there is something valid and tangible they could check but ignore. When trading people should be looking for something like TA, indicators and charts but some people ignore all of that and just buy it whenever they think "it should go up" and that's it, they read it somewhere or heard it or whatever and they have no idea why.

This is why I think crypto is too ballooned up right now and there could be a very terrible fall if these people start losing money considering they are acting with emotions when buying, they could do the same when selling as well which could be terrible for the rest of us.

franco123

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One of the mistake I have done and personally discourage for newbies is to trade and invest with 0 knowledge. Trading, and even in investing to long term, requires proper research and application of studies to make the trade more beneficial and minimize the risk. There are a lot of learning materials to this which are available on the web. As a start, you can also try on getting insights from influential traders but we should also have our own strategy. Learn on how to determine optimal entry points and respect your exit strategies. And when it comes to experience, we should always learn from our trading mistakes and apply it on the next trades possible. Do not be discouraged on loss trades and accept and cut your losses. This is part of the game. You will continue to gain knowledge from your experiences and eventually be able to have the confidence to trade in a more efficient and effective way.

fullhdpixel

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Quote from: Ayub83 on February 20, 2021, 02:31:10 PM

In your opinion, can someone trading without experience or knowledge?

Surely anyone "can" trade because all it requires is an exchange and money which you are ready to trade. But will a trader be successful in trading depends on the experience and how much skills they have got. There are traders who have no prior knowledge, jump directly into leverage trading or futures and lose everything within minutes.

Now even such people will be called as traders even if losing traders and the good thing for such guys is that they learn with their mistakes. The real problem starts when you are trading for the first time but decide to go do it with all the funds you have. Even the most experienced traders are not going with full capital into trading so a newbie never should do that either.

ritsel02

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Trading without experience is possible but before taking the risk on investing your money, one should learn and ask first those who have more experience on it. Or atleast do a research on the cryptocurrency you wish to invest or trade. It's hard to just automatically jump on trading without atleast basic knowledge on it. If we don't have experience yet, we can learn atleast on others' experience. Trading is so challenging and worth learning though.

Issa56

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When you want to start trading there are lots of basic things you have to learn first you can't just start today and you will be expecting profit immidetly there are some basic things you have to know before starting to avoid lose of funds. You can definitely get signals from different sites but I think is better after getting signals you have to do your research more. Signals are drop by people like you I don't believe you should only depend on signal groups because must of them fail but if you really want to go into cryptocurrency and make money you have to learn some basics things. As a newbie you have to know the strategy that pays you or the one that works for you you don't have to follow others strategy what works for everyone is different. So as a beginner I will advise you to have basic idea before starting trading.

Sebas.tian

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Quote

In your opinion, can someone trading without experience or knowledge?

No, trading is not a something you can join today and start doing it right. Before you can start trading your coins,you must have the experience or knowledge concerning how to trade coins in a particular market not to wast your resources and time.
Many traders got experienced or knowledged from cryptocurrencies forum to enable them to become a good trader.

Xinarae*

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Online trading requires a lot of discipline and can be risky if combined with an inexperienced decision to make the business journey of the stock market less risky one needs to have a lot of thematic and tips knowledge. To be successful as a trader it is important to acquire knowledge of how to pick stocks and use successful trading techniques. Trading depends on luck like gambling but experience and knowledge are required to know the exact information of the market if you don't become experienced, you will lose everything.

gabbie2010

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Quote from: DJANAS on February 21, 2021, 05:57:05 PM

Trading without experience is like Gambling, if you are lucky you will won, otherwise you will lose all your money

Such a trader will eventually lose all their invested funds in the long run this is based on personal experience I was just gambling while trading blindly, trading is not a thing any Tom, dick and Harry can dabble into without any prior knowledge and experience, internet has enough information with regards to learning how to trade thus creating opportunities for any newbie to sit down to research and learn, practice trading by demoing or via stimulation of trades until profits making is consistent before opening a live account.

DJANAS

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Trading without experience is like Gambling, if you are lucky you will won, otherwise you will lose all your money

Ridwan Fauzi

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Basically no, you can't do anything if you don't any knowledge, yeah at least the knowledge. Although you are following a signal from an expert to trade you will not get anything at the end. There will be sometime when you hold your coin and you just sell the because the coin price is continue to decrease whereas this thing only just a correction.

Because you don't have any knowledge you will make a decision based on your emotional. You will not make a decision based on your rational, because the rational brain will make a decision based on the knowledge. This decision will be made in a structured and systematic manner and even take a little longer to see from various sides. Trading without knowledge is like you are at war but you are not wearing any weapons.

South Park

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Quote from: Ayub83 on February 20, 2021, 02:31:10 PM

Trading has become an activity that is often carried out by cryptocurrency enthusiasts, when you hold coins you are indirectly required to understand how to trade, at least how to sell and buy on exchanges is general knowledge that every cryptocurrency enthusiast must have.

But as the cryptocurrency ecosystem develops, there are lots of trading signals that eventually make many cryptocurrency enthusiasts who have no experience or knowledge of trading try to trade in order to find daily profits.

In your opinion, can someone trading without experience or knowledge?

Can you do it? Yes, should you do it? The answer is a very loud no, look trading is already hard enough even if you have all the necessary knowledge, but trading without any knowledge is like driving without any training, you will be able to get away with it for some time but then sooner or later you will make a mistake so big that your life will be changed forever, do not risk it, it is simply not worth it, the market is not going anywhere, you can take all the time you need to learn how to trade and finally do it once you are ready.

Ryker1

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Quote from: Yatsan on February 21, 2021, 05:17:35 PM

Yes of course any one can do trade even without experience but do not expect that the same results will apply compared to those who acquire basic knowledge prior upon engaging into trading. Any one can trade as long as he have funds with him. What will be the difference from the inexperienced, having no knowledge to those who have is that there is a larger risks and no further assurance of them to gain for their capital will be at stake of loss due to the reason that they seems to be gambling their money for not knowing anything on how to do trading. So better be learn at least the basics before doing engagement to lessen and manage the risks associated upon doing trading to obtain profit and not losses.

Well, I have got your point and you are right there. But I think basic learning on treading is not enough for me, traders must dig more to obtain knowledge and skills in trading. I know it is easy to read articles regarding trading and even watch a video regarding trading strategies and techniques but when you are actual, perhaps it is very hard to acquire. You can do trading without experience but don't expect if you will gain profit because that is not a trial and error that you can simply undo if there is a mistake. It should be worked together, the knowledge and the experience.

Yatsan

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Yes of course any one can do trade even without experience but do not expect that the same results will apply compared to those who acquire basic knowledge prior upon engaging into trading. Any one can trade as long as he have funds with him. What will be the difference from the inexperienced, having no knowledge to those who have is that there is a larger risks and no further assurance of them to gain for their capital will be at stake of loss due to the reason that they seems to be gambling their money for not knowing anything on how to do trading. So better be learn at least the basics before doing engagement to lessen and manage the risks associated upon doing trading to obtain profit and not losses.

lienfaye

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Quote from: Ayub83 on February 20, 2021, 02:31:10 PM

In your opinion, can someone trading without experience or knowledge?

Yes but its like gambling since the result is uncertain and likely the worse. Thus dont expect to gain in trading if you dont have idea on what you're doing.

We dont really need to know everything, just the basics for newbies are enough because as time goes by you'll learn it through experience.

So why try to trade without knowledge and experience if you can achieve those if you will take time and not rushing things.

seleme

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Quote from: Ayub83 on February 20, 2021, 02:31:10 PM

In your opinion, can someone trading without experience or knowledge?

Unless it is newbie luck syndrome, having a good run without experience is hard in the long term. The market is volatile and catching the trends on small timeframes is harder than ever on fast-moving markets. Smart traders think about the long-term trading goals and focus on the future vision. The newbie traders will burn the trading capital sooner or later, IMHO.

Oceat

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Yes, everyone can do trading without experience or knowledge, however there's no guarantee that someone would make a good profit with merely an speculation or treat trading as a gambling and most of them are just burning their money. I wouldn't recommend this kind of practice because it has been proven from many traders who do lost a lot due to inexperienced in the field nor knowledgeable enough.

It's best to learn the basics first and always do your own research if necessary because no one is going to a war without a weapon not unless if you are Chuck Norris. Grin

cheezcarls

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Looking for gigs

Quote from: Ayub83 on February 20, 2021, 02:31:10 PM

Trading has become an activity that is often carried out by cryptocurrency enthusiasts, when you hold coins you are indirectly required to understand how to trade, at least how to sell and buy on exchanges is general knowledge that every cryptocurrency enthusiast must have.

But as the cryptocurrency ecosystem develops, there are lots of trading signals that eventually make many cryptocurrency enthusiasts who have no experience or knowledge of trading try to trade in order to find daily profits.

In your opinion, can someone trading without experience or knowledge?

Impossible. Trading is a skill and you need to learn and have knowledge on it. Just like in school, you don't know how to read and spell words without learning. When I started taking Bitcoin and the crypto industry seriously, I took time studying on how everything works, especially on trading. Although that it may be time consuming to study, but it'll be worth it in the end.

TedMosby

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Quote from: Ayub83 on February 20, 2021, 02:31:10 PM

-snip-
In your opinion, can someone trading without experience or knowledge?

Yes you can, it’s called speculation.
But, the gap between gambling and speculation is too narrow (or is it the same thing?).
The only knowledge we must know before doing trading is knowing how to use the trading platform.

But if your question is, “can someone gets profit from trading without experience or knowledge?”,
The answer is, yes they can. But their chance is is lower than the educated and well-trained trader.

But, even a pro trader is a noob trader when they started it for the first time, right?
You do mistake first, and then you will learn.

AakZaki

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Ordinary people can trade without knowledge and experience by guessing, buying at the red price selling at the green price. but remember that the risk of trading in crypto is very high, because the volatility of crypto prices is very high. Knowledge and experience of trading in cryptocurrency is also very important to determine where the market is going. If you want to become a day trader, at least you understand technical analysis and fundamental analysis. Don't force it to look for daily profits if you are still a beginner. Becoming a holder might be more suitable for beginners who don't know anything about trading.
Besides that, psychology is also important. Because trading in crypto will pump up your psychology, to what extent do you put up with the level of stress that is given when trading in crypto.

Cling18

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You can actually trade without knowledge but there's no guarantee that you'll earn a good profit since you don't have enough information and understanding about what you're doing. It's necessary that we'll have our own research before entering the world of trading because that's the best weapon that we could have upon entering the battlefield. Trading is a risky thing and we should know how to deal with it or else we might lose our funds. Having knowledge about the technical analysis or at least dealing with the possible changes in the market would be our advantage.

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