Although there are many trading signals today, which can help make a profit without experience and knowledge, but still the knowledge of crypto
is much needed by traders. This will not make a success for a trader if it relies only on trading signals only. Because not all trading signals help
a person succeed and not all trading signals are 100% accurate.
Topic: Trading without experience and knowledge - page 7. (Read 2086 times)
Everyone newcomer can trade. But trading with a small amount. Trading is not an easy job. But it is not impossible to learn. Everyone can become a good trader by practicing. Experience has taught man a lot.
Man makes many mistakes without knowledge and experience. So, don't lose hope and keep trying. One day you will succeed.
in fact, everyone who makes mistakes has a corresponding experience. it is very good if a beginner learns not only from his own mistakes, but also from others. a beginner can learn a lot of information from various youtube channels, but only in practice will he be able to hone his opinion. I always advise beginners to use scalping for trading, as it is one of the easiest strategies for trading cryptocurrency, and you do not need to have a large start-up capital.Man makes many mistakes without knowledge and experience. So, don't lose hope and keep trying. One day you will succeed.
risk is more higher compared to those who decided up to hold up their position and wait for pump instead.
Trading without knowledge is really something that you cant really go from nowhere.You don't have any basis and just purely relying on luck
or good calls but for sustaining yourself in the market then this is impossible
Think of it that even experienced ones do lost up, how much more to those who aren't?
Everyone newcomer can trade. But trading with a small amount. Trading is not an easy job. But it is not impossible to learn. Everyone can become a good trader by practicing. Experience has taught man a lot.
Man makes many mistakes without knowledge and experience. So, don't lose hope and keep trying. One day you will succeed.
in fact, everyone who makes mistakes has a corresponding experience. it is very good if a beginner learns not only from his own mistakes, but also from others. a beginner can learn a lot of information from various youtube channels, but only in practice will he be able to hone his opinion. I always advise beginners to use scalping for trading, as it is one of the easiest strategies for trading cryptocurrency, and you do not need to have a large start-up capital. Man makes many mistakes without knowledge and experience. So, don't lose hope and keep trying. One day you will succeed.
Everyone newcomer can trade. But trading with a small amount. Trading is not an easy job. But it is not impossible to learn. Everyone can become a good trader by practicing. Experience has taught man a lot.
Man makes many mistakes without knowledge and experience. So, don't lose hope and keep trying. One day you will succeed.
Man makes many mistakes without knowledge and experience. So, don't lose hope and keep trying. One day you will succeed.
I believe that everyone know what trading is, but not all of them are experienced people. The purpose of this activity is to make a profit, and this is where knowledge is needed. We don't have to be experienced to profit from trading because without experience one can still profit from it just because of price fluctuation. But yes, experience will make them better at doing this activity and it will be very useful to prevent or minimize losses from trading risk.
Knowledge is needed to judge and experience is needed to make decision. Both of these things will really help a trader to make a profit from trading.
Knowledge is needed to judge and experience is needed to make decision. Both of these things will really help a trader to make a profit from trading.
In your opinion, can someone trading without experience or knowledge?
It's not the matter of being able to trade or not, of course everyone can trade but whether if they're going to be successful with trading or ed up losing a lot of money, that's what makes the difference.
You don't necessarily need to read all the books or articles about trading or technical analysis to get better at it since most of the knowledge you're looking for only comes with more experience, and experience obviously comes with trying out different stuff for yourself, but at least some basic knowledge is needed to get you started which can be achieved with one or two book/s about technical analysis and how market works, one of the good books about that which I can confidently recommend is "Technical Analysis of the Financial Markets" by John Murphy, which puts it as simple as it gets which makes it a great read for any beginner.
Reading is essential, it gives you ideas that will allow you to anticipate. There are so many factors to consider while dealing with this business. But your point are valid, you don't need to read a lots of books which will only cause confusions, but having the basic and
try to keep enhancing it while you are still aorund will surely help.
Just like going to a war with a gun and a bullet is far better with just bringing a knife, though both can kill but the advantage of holding
a gun with bullets is far better than the knife.
Simply apply with trading, everyone can trade but without the proper tools your chance to get busted and lose your money is very high.
Trading without knowledge and skill? Well, it is a question by yourself if you can manage to accept the consequences, and I'm sure you know already what mean. Of course, we can still make a trade but the problem is how we do a trade if we don't know anything, maybe we should expect for the worse.
Skill is actually a product of learning which come with experience. Altcoin market is already so unpredictable and if you don't have experience and the right knowledge about it then its almost certain that you will end up being a victim of a pump and dump scam or maybe buy some shit coin. If none of these happens, there might be a situation when you panic and hence lose a big chunk of your capital.It is just you who made the decision, it is also you who will lose. But I would like for you to open up your mind and be guided. Because if you are aiming to succeed in trading, then make first to gain knowledge, do the basic learning, and most important thing is to make yourself ready.
I would say that trading without knowledge and experience might succeed if you are only trading in BTC/fiat pairs otherwise all of the markets are really unpredictable and there is no assurance of long term value in case you hold a bad coin for too long, you are gone. 
In your opinion, can someone trading without experience or knowledge?
Without prior experience and knowledge the investment will be highly risky. Now many crypto influencers are talking about Bitcoin and its investment and influenced many people to invest but they blindly follow the signals. majority of them end up losing their money. So it is better to have some background knowledge to initiate the investment and gain some experience by investing less amount of money.
In your opinion, can someone trading without experience or knowledge?
From my point of view in practice, anyone can trade and make profits based on computation, luck and green market cycles. But clearly, in the red zone around the highly contradictory psychological threshold of the market, without the experience, knowledge, strategy and response plan. 100% will fail. 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?
Really, trading without thorough knowledge is a grave for your assets. I have a friend who doesn't learn about margin and leverage on ETH * 3 long, a one-night slide has lost $ 800 and even though his capital is $ 3k. It caused serious psychological symptoms for him. That is just a real-life example. Any, investing, trading, exploiting requires knowledge, research before and carefully! Nobody wants to lose money, right? Choose crypto exposure by the smartest method! 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?
In your opinion, can someone trading without experience or knowledge?
It's not the matter of being able to trade or not, of course everyone can trade but whether if they're going to be successful with trading or ed up losing a lot of money, that's what makes the difference.
You don't necessarily need to read all the books or articles about trading or technical analysis to get better at it since most of the knowledge you're looking for only comes with more experience, and experience obviously comes with trying out different stuff for yourself, but at least some basic knowledge is needed to get you started which can be achieved with one or two book/s about technical analysis and how market works, one of the good books about that which I can confidently recommend is "Technical Analysis of the Financial Markets" by John Murphy, which puts it as simple as it gets which makes it a great read for any beginner.
Trading without experience and knowledge is like open the door of ultimate risk. Sometimes maybe you will win luckily but it will not come every time. A big loss can damage your career for a lifetime so the importance of experience and knowledge is indescribable. If you gather plenty of these two things then you can decrease the possibility of losing. And this can make your career better in cryptocurrency.
It is like going into an exam hall without knowing what to write. Yes, it is as bad as that. How can you start trading without and experience or knowledge of how to go about it.
Indeed. How can start trading without we know about it first, at least we must learn basic trading knowledge, right?Only a careless person will do it, trading without knowledge. Even you are a newcomer, you must worry to make a mistake, that's why you need sufficient knowledge. It is a very stupid idea to trade without knowledge, yeah like going exam without learning. This is something crucial to do, a basic thing that can determine what the result is on your trading.
Anyone can trade without knowledge and experience but there is a big risk to loos capital. So before enter the trading, we should research market and acquire knowledge about trading.
Everyone could do that, they can get gains and profits as well but they are prone to losses and liquidation, it is like taking to war without preparation and without any firearms that you will be using in order for you to win that war. 
The point is that trading without knowledge is dangerous, and it is an invitation to losing your money FAST. If anyone is planning on doing this, then maybe start with an insignificant amount that you don't care about losing but getting the feel of the market.
It is like going into an exam hall without knowing what to write. Yes, it is as bad as that. How can you start trading without and experience or knowledge of how to go about it. What lesson have you taken about trading? Do you even understand what trading is? Or what kind of Trading are you planning to start? All these questions are very important, and they must be answered before you can say you want to start and anything called Trading else, you are already heading for dome. I remember when I started then ,I took me sometime before I could mastered some of the techniques. But after that I became more confident and I started making small profit and today I'm still learning but not an amateur.
The first rule in trading is to trust yourself. Then, markets will teach you a lot of experience.
Your own understanding will serve as pillar of your participation in any market that you decide to join in.Trusting yourself and accept whatever fate comes after your entry would enhance you from time to time, there are mistakes that will happened along the way but with your determination to succeed, anything is possible, there are venues to understand more about the business and you'll be able to find the suited patterns to use, success ain't guaranteed while you are still in the process understanding every fundamentals but after that, chances to succeed is really high.
Even though I studied myself how to trade profitably, there must still be a disciplined pattern, that's where it must be understood and greed can also make us misstep when any move there must be a target so stop losses are ready when the market is bearish.
Trading requires sufficient knowledge first before going in the market. You should have at least know the fundamental analysis about basic about technical analysis like resistance and support, candlestick and some common terms in crypto trading. Knowledge is very important all of traders came from zero trading experience to become pro trader and I'm sure they still continue their learning everyday.
Unfortunately too many people end up not investing with their lack of information because they are scared, those type of things could be very difficult for people who were never good at mathematics at their school and let's face it there are way too many people who were horrible at math and that is why there is really too many people who ended up not really putting their money into crypto because they read stuff like what you wrote saying that they should know what they are doing before they get into it and they end up not investing into anything at all when they have no knowledge but the reality is that they should definitely be investing even without math knowledge that helps them learn these things.This is why I think there is a very important thing people who didn't learn any of this, which is basically just invest and forget, they could do that and they could make a profit from that without any knowledge.
The first rule in trading is to trust yourself. Then, markets will teach you a lot of experience.
Your own understanding will serve as pillar of your participation in any market that you decide to join in.
Trusting yourself and accept whatever fate comes after your entry would enhance you from time to time, there are mistakes that will happened along the way but with your determination to succeed, anything is possible, there are venues to understand more about the business and you'll be able to find the suited patterns to use, success ain't guaranteed while you are still in the process understanding every fundamentals but after that, chances to succeed is really high.
Actually, I believe that there are people capable of trading without having any experience or knowledge nowadays as long as they understand the mechanic of a particular market. I used to be an inexperience trader during 2016-2018 but still earn a hard amount of money.
The first rule in trading is to trust yourself. Then, markets will teach you a lot of experience.
And as you say, signals are also a good source of information we can use to benefit ourselves in absence of experience and knowledge. More outstanding, there are people who are sensitive enough that can trade by their feelings but still receive a good profit daily.
The first rule in trading is to trust yourself. Then, markets will teach you a lot of experience.
And as you say, signals are also a good source of information we can use to benefit ourselves in absence of experience and knowledge. More outstanding, there are people who are sensitive enough that can trade by their feelings but still receive a good profit daily.
At least the basics, in forex you really have to learn including the software that our broker is providing but its all the same now, they all are using Metatrader. In crypto, if you learn to use one platform at least you get to learn all until you realize there are better indicators that will help you decide when to get in.
Trading without knowledge will make you learn and with that said, losing enough money means you will be forced to learn. OR simply quit trading and find a dayjob.
Guess you want a trading signal that works for anyone without experience and knowledge? Well, I think something that is possible but I'm not sure if it exist.
You could however trade by yourself without the signal, experience and knowledge, but you'll likely not make consistent profits unless maybe you gain enough experience/knowledge while trading. I would advice you take very little risk while trading to learn from experience.
Signals for the most part do not work, to begin with because many of those that are giving signals would not do so if they could actually produce profits with those signals themselves, so the only option is to trade yourself but without any knowledge or experience that is going to mean that you are basically guaranteeing that you will lose your money, also trying to learn while you are trading may seem like a good idea, as many other activities are learned that way, but this is not true, you cannot afford to make mistakes that could have been avoided by reading the first chapter on a book about trading, so I recommend that you first learn from the books and then you use the experience you accumulate to improve your trading abilities. You could however trade by yourself without the signal, experience and knowledge, but you'll likely not make consistent profits unless maybe you gain enough experience/knowledge while trading. I would advice you take very little risk while trading to learn from experience.
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