Trading without experience and knowledge - page 11.

FanEagle

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Quote from: orions.belt19 on February 21, 2021, 09:24:10 AM

If it's a question of "can", then yes you very well can trade without any experience or knowledge. Will you be trading successfully? Then that may be a different matter altogether. Trading blindly is very risky especially when you don't know any indicators or have no idea when is the best time to to enter or make that trade. Not to mention leveraging and margins can definitely make you lose your money. The very least you should know the basics. Some exchanges such as Etoro even have assessments to determine your risk profile.

However, someone who reads tons of books about trading and has attended tons of classes does not always mean he can be very good in trading. Experience is still the best teacher. Not everything can be taught on paper.

That is the funny thing about trading that makes me laugh a lot time to time. Obviously someone who studied trading a lot, like even after years of studying and doing it, still keep studying it, think about it like being a professor of a subject at a prestigious school, you still keep reading to learn more and do not stop, yet you teach anyway while still learning more and more. A very good trader first studies and learns, then starts trading but still keeps learning basically becomes better and better and better.

We all know this person will trade much much better than a newbie, and 99% of the time a great trader will be making a profit while newbie loses money. However funny thing is, very rarely, there are times when a veteran and expert trader loses money on a trade that a newbie made a profit from, and that hilarious if you ask me and shows how trading depends on luck a lot of the times.

Viscore

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Quote from: Ayub83 on February 20, 2021, 03:31:10 PM

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

Don't get surprised if you were going to lose because that would usually be happening in a case like this.

No knowledge/experience = no result.

Thus, if you want to have a positive result from our trades, we have to spend time learning (at least) the basic things and tried to apply this in an actual scenario. Yes, it was just the basic steps but we can learn more as we continue to do it. The more experience and exposure we do, the more learning we acquired.

cytpoway121

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Trading without knowledge and experience is like sitting on a time bomb; ofcourse the profits would be massive amongst but then it would vanish too; the same way it has come lol.

To be successful in trading; you must have a trading pattern, process and strategies that guides when to buy or sell or take profit or cut loss. Leaning helps you win alot in crypto currency. You can learn more from the thread Follow a trading process.

Hamphser

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Quote from: Ayub83 on February 20, 2021, 03:31:10 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?

Just like that you are going into a war without a gun and bullet then you are making yourself get killed or suicide.This is just the same when you do jump into this market without proper knowledge
which would only cause for you to lost up money in short period of time compared if you do have any idea on what you are doing then you would be most likely able to survive or sustainable.
We do start on being a noob or doesnt have any idea and there's no one who do start on being a pro directly this is why self engagement would be the key for you to
gain experience because you would gain up knowledge along the way and its just wise for you to learn from it so that you will be aware on what
would you do in next trade that you will make.

airdata

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Without any knowledge and Experience trading is not possible for people’s. We know that crypto trading is not profitable for wrong coin buy selling, so knowledge is must for crypto trading and also new traders can make profit through telegram channel who provide legit signal.

orions.belt19

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If it's a question of "can", then yes you very well can trade without any experience or knowledge. Will you be trading successfully? Then that may be a different matter altogether. Trading blindly is very risky especially when you don't know any indicators or have no idea when is the best time to to enter or make that trade. Not to mention leveraging and margins can definitely make you lose your money. The very least you should know the basics. Some exchanges such as Etoro even have assessments to determine your risk profile.

However, someone who reads tons of books about trading and has attended tons of classes does not always mean he can be very good in trading. Experience is still the best teacher. Not everything can be taught on paper.

AliMan

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Quote from: Ayub83 on February 20, 2021, 03:31:10 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?

You can trade without knowledge, but in the long run you'll soon fail if you can't beat emotions. Same with gambling, you can't beat the system if you won't count and analyze what moves you need to take to hit the wins. By experience, knowledge will follow in the same manner and yet that needs to develop in the long run.

Inkdatar

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Anyone can trade without experience and knowledge but for you to become successful in your trading journey you have to learn how trading works. This is not only about to earn profit but also learning technical analysis which can guide you when to enter and exit the market. Experience is the best teacher and knowledge is for a lifetime without this it's like having a suicidal attempt of your money that will be a loss.

Obito

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Quote from: Rruchi man on February 21, 2021, 03:25:18 AM

Unless you have plenty money to loose, or you really learn better on your own and you don't mind the losses, don't trade without knowledge most importantly and no information (experience).

To support @Rruchi man, I would go as far as to say that trading without knowledge is a financial suicide. Without experience can be solved by doing trading but going in without a prior knowledge of the basics in trading will make you do expensive decision that results in expensive losses and the only way that you can do that is as @Rruchi man said, if you have a lot of money and you are extremely lucky that something favorable for you happened in the market.

LUCKMCFLY

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If it can be done, but everything would be in the hands of your luck, you would see it almost as a game, and trading is not a game, I see trading as a professional career where you learn every day.

Every time you must seek more knowledge and try to learn, sometimes failures and failures help you understand more about the market, of course the bad thing is losing money, but to avoid this it is recommended that you operate for a long time while you learn. with play money.

What you can try is a long-term investment, because it is likely that you can make a profit while educating yourself, investing in safe currencies, like Bitcoin, and if its price falls in some way it will always give you a profit sooner or later. If you enter the market right now you may be very lucky, because the price and movements of bitcoin can help you, but when Bitcoin has its falls, the market is bearish, it is where you have to speculate according to its movements, and go with the movement of the least resistance so you can make a profit, just as Jesse Livermore said in his books.

Rruchi man

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Quote from: Ayub83 on February 20, 2021, 03:31:10 PM

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

Unless you have plenty money to loose, or you really learn better on your own and you don't mind the losses, don't trade without knowledge most importantly and no information (experience).

Jawhead999

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Right now if you want to trade without experience and knowledge you can do it since the market are in green/bullish, so you've less percentage of loss instead of profit. It will be very different story if the market goes sideways or bear market, you should need those 2 requirement in order to get profit because it's much harder.

But, has been said it's better if you have experience and knowledge instead nothing, you're just like gambling (you win or either lose)

Beware and carefully to trade shitcoin because it's high risk of lossing money (e.g. DEFI)

maxreish

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Trading without a weapon with you (proper knowledge and experience) is like hitting your own head to the wall. Though trading signal apps are already available nowadays, that doesn't mean you can rely on that 100% since it is not guaranteed that it is profitable.

Experience , proper knowledge and confidence are the tools to help a certain trader achieve the success that he/she wants. It is not easy to make money and not also easy to throw your money into something that will not give you profits in return. Patience will always be tested when learning some technical knowledge about trading, but in due time the fruit of hardships and efforts will gonna be paid off.

CryptopreneurBrainboss

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Yes you can trade without any knowledge and come out with some few first timer luck but you're doing yourself more harm than good. Trading without the required skills and knowledge is like driving a plane without having the required knowledge to become a pilot which means there's every possiblity the plane would crashed at anytime because you don't have the right knowledge to tackle some issue when it raises same with trading.

There's some issues that will pump up and when you don't have the basic knowledge, you won't be able to handle them. Trading has a lot to do with reading and understanding the charts, been able to interpret it to predict the direction of the market at least 90% of the time and not just gambling on the direction the market is likely to move. If you don't have the knowledge, go acquire them instead of blindly gambling on the market in the name of trading.

Janation

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Quote from: Ayub83 on February 20, 2021, 03:31:10 PM

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

They can but they should be prepared.

There are a lot of investors that wanted some people to start with a small amount without any knowledge or experience. That is good for some but for some, it won't go right. Others also rely on what will just happen and learn from it but some won't just rely on what will happen while do some effort to make something happen so it won't go to waste.

Wexnident

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I don't take loans, ask for sig if I ever do.

Anyone can trade, and I mean literally anyone. The matter of profiting off of trading is another thought though. Trading always has that 50/50 chance and no matter how much experience you get it always results in a win or loss, and as such anyone can partake in it. However, what separates a good trader from a bad trader is managing his portfolio. He does this to keep his losses to a minimum. Now this seems contrary to what I said of 50/50 equal chance, but there's a difference. Keeping his losses to a minimum doesn't mean that his chances are any lower, it's just that he makes sure that IF he loses, he has a move that can reduce that to the absolute minimum possible.

There's still a lot of factors involved, but honestly, before involving yourself in profiting off of trading, you might want to start off with reducing the risk of losing everything instead. After all, trading is a place where you're guaranteed to always have a loss.

TopT3ns

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Trading without experience, in my opinion, will just be like suicide and of course will make you lose a lot because you will definitely lose the money you have, it's better when you want to trade you have to be able to learn from several media that currently provide many ways of trading cryptocurrency, but when you learn you have to be careful and when you try to use a small capital first, after you can get a profit from a small capital then you can use a large amount of money and make sure to always try because experience will be the best teacher.

OcTradism

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Quote from: Ayub83 on February 20, 2021, 03:31:10 PM

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?

Trading signals are bad but lazy people feel it good because they have something to rely on without any time, effort they have to pay to think, consider, investigate. They have to buy membership of trading signal groups but they can not blame on group operators about right or wrong of their trades.

Signals will be given with a range for entry and take profit or cut loss but receivers will be greedy and accept higher price than the given price.

It is true for trading and others activities. You can not succeed for too long if you are only depended on luck and the others' opinion. Without knowledge and experience, too much dependence will end with loss.

crzy

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Anyone can trade but not everyone can make money in trading so if you want to become more successful you should not skip the learning process of trading. We all know how risky to trade in cryptomarket or in any market, in just a day or an hour your capital can be loss so don’t take trading easily and do it seriously to make money.

Ryker1

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Quote from: Ayub83 on February 20, 2021, 03:31:10 PM

^[snip]
In your opinion, can someone trading without experience or knowledge?

Well, that is simply common sense. It seems like you ask about, ^{--[can I go in the battle and join war even though I did have trained]}.
It is obviously no or and big ^[NO], trading needs knowledge and skills to formulate the possible result, you should have different studies and do chart study so that you have a technical and fundamental analysis in trading which is can forecast a possible prediction on crypto price. Indeed, that is throwing money if you are forcing yourself to do trading even you don't have knowledge on it.

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