Trading without experience and knowledge - page 12.

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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?

They can but might just be so lucky if they make it out minus losing all what's in their portfolio. Spot trading can be a little friendly for someone who's had no experience, but things like Futures trading can be so brutal and one can easily lose everything.

I think one first need to learn a number of things like the dynamics of the market, risk management, the dos and don'ts before embarking on a trading career that involves lots of money.

NeuroticFish

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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?

I've done that myself. Long ago and only for a couple of months.
I was overly lucky and overall didn't lose money. But at the moment I understood how lucky I was I gave it up.
I had no experience, no knowledge in TA, just I was trading a coin that happened to be mostly on a rise back then. After a few failures I stopped while I was still on a small profit.

Yes, many do trading without enough knowledge, they treat trading as gambling. Is not advised because it can easily go wrong.

Freddy11

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Trading without knowledge or experience is same like sitting on tracks of bullet train and hoping it will jump above you. It’s a total suicidal thing and must not be done.

dunfida

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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?

You can trade but having knowledge and experience would really be having a big difference compared to those who dont have any idea on what they are doing.
This market is very unpredictable and if you do really like to sustain yourself or being succesful then you would really be needing these stuffs.
Experience wont be gained until you engage or trade up and skills wont be mold up if you dont eager yourself to learn and of course those would really
be needing your own hardwork on knowing everything from own experience to theories and considering other analysis as well.

Ayub83

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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?

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