Trading without experience and knowledge - page 9.

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Quote from: Shasha80 on February 24, 2021, 01:33:30 AM

I remember the story of my friend, who lost up to $ 1000 in 2018 while trying to trade without any experience or knowledge. So from my friend's story,
it can be concluded that we should never try to trade without experience and knowledge, it's just a waste of money. It's better to first learn about
crypto trading, now it's easier than ever to get the lessons we need on the internet.

We can use the google search engine or YouTube platform if you want to learn about crypto trading, or so it's easy to understand everything in trading,
can take online trading courses. It is much more effective because we have a mentor who guides you to trade. Because in my opinion knowledge
and experience are two important things in trading.

Learning the hardway, from that point if he choose to continue.

Then he needs to do more research and not to repeat the same mistake, that huge amount of money if you are not capable losing, it will push you away from this venue of business, but in the other side, losing so much money will guide you to not to lose more instead it will allow you to build much better strategy and have a much safer trades.

geegaw

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Quote from: ScamViruS on February 23, 2021, 03:34:17 PM

Anyone can do trading, it does not require trading experience and knowledge. But the important thing here is whether he was able to make money or not. If you want to make a profit through trading, you will need proper trading knowledge. Without trading knowledge you will not be able to trade for long as your entire fund will be at a loss.

When I was new to the crypto market, I came to trade without knowing much about trading, which resulted in huge losses. What I've learned from this is that if you go into something without knowing something good about it, it ends quickly. So I think it is important to know the basics of trading.

Yes, trading is for all, it is too obvious that money is ours and we can trade according to our preferences, with no knowledge and no experience, just read about how to execute the commands, we could have become a trader but if someone liked this, I just wanted to advise them to take money and go to the casino, what they are doing is just seeking entertainment, not for purposes invest and make money. Success will be indispensable for knowledge and money only more when our knowledge is filled and developed

asus09

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Need more patient if you wanna try with trading and experience only is not enough because many trader although have three or four years in trading still panic when faced with price suddenly dump, they can't waiting while when bitcoin or altcoin back to higher price. Many time I see panic moment make you loss everything with assets do you have and you need looking other way to recovery your loss.

xSkylarx

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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 myself have no experience or knowledge in trading before. I just understand the concept of buy low and sell high that time. I tried a small amount at first to get used to it, the failures I experienced became my knowledge on trading. Then I started to watch some videos like fundamentals to improve my skill on it.

I don't advise anyone to do what I did. If you plan to get serious in trading, you should have a proper knowledge first before doing this. Trading is a good source of income but it's not anyone can do because the opponent here is not just the market but also yourself.

Shasha80

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I remember the story of my friend, who lost up to $ 1000 in 2018 while trying to trade without any experience or knowledge. So from my friend's story,
it can be concluded that we should never try to trade without experience and knowledge, it's just a waste of money. It's better to first learn about
crypto trading, now it's easier than ever to get the lessons we need on the internet.

We can use the google search engine or YouTube platform if you want to learn about crypto trading, or so it's easy to understand everything in trading,
can take online trading courses. It is much more effective because we have a mentor who guides you to trade. Because in my opinion knowledge
and experience are two important things in trading.

rhodelmabanal

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Quote from: ScamViruS on February 23, 2021, 03:34:17 PM

Anyone can do trading, it does not require trading experience and knowledge. But the important thing here is whether he was able to make money or not. If you want to make a profit through trading, you will need proper trading knowledge. Without trading knowledge you will not be able to trade for long as your entire fund will be at a loss.

When I was new to the crypto market, I came to trade without knowing much about trading, which resulted in huge losses. What I've learned from this is that if you go into something without knowing something good about it, it ends quickly. So I think it is important to know the basics of trading.

I agree on that i see that trading with experience will be a great advantage to trader itself, if we are going to trade without experience we are just like wasting our time and assets, i believe that in trading we need an experience to be more safe, because trading is not a simple work you can earn or loss a huge amount of pofit if you dont do it in a proper way.

ScamViruS

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Anyone can do trading, it does not require trading experience and knowledge. But the important thing here is whether he was able to make money or not. If you want to make a profit through trading, you will need proper trading knowledge. Without trading knowledge you will not be able to trade for long as your entire fund will be at a loss.

When I was new to the crypto market, I came to trade without knowing much about trading, which resulted in huge losses. What I've learned from this is that if you go into something without knowing something good about it, it ends quickly. So I think it is important to know the basics of trading.

electronicash

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there is no way else to experience and gain knowledge but to try it yourself but at least give yourself time to read and how it works. there are several tutorials out there that you can read. learn at least 1-2 indicators to help you decide in buying and selling. you may not be successful at first but you experience it first hand which is important than just asking someone to do it for you.

isaac_clarke22

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

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Well surely some knowledge would help like stop-loss and stuff, but when you're holding you're almost up to commit for a really long-term. I really mean really long-term.
As for your query, yes. If you're implying experience with other trading stuffs like stock trading.
In fact a fresh knowledge to trading would be great since your mind would have harder time to adapt from stock to crypto because those two don't work exactly the same.

asus09

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Without experience and knowledge better trading when bitcoin or some altcoin as your destination have lower price to make without risk, when you get coin really dump you begin have to buy and become your best experience how to get much profit although you less information and knowledge about some coin.

Julien_Olynpic

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Of course, we cannot trade without knowledge. We still need at least minimal knowledge about the structure of the exchange, about how trading works, what margin trading is, etc. Nevertheless, we may well trade with minimal knowledge. In addition, it is well known that beginners and fools are lucky with a profit. But in the long run, most of the newbies lose money.

kramat

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Trading is not easy to handle. Without experience and without knowledge you cannot able to trade in the marketplace. If try to without knowledge you will trade you will get loss. So before trade you will learn the trading information. Then easy to trading in the marketplace. Coin price is any time to increase and decrease. So you will know the market price. What time to increase and decrease. So plan to Daikin trade in the marketplace.

Sinjokubhi

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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?

In the absence of experience or knowledge, I think it's too risky to do. Unless you are accompanied by a professional to teach you how to trade. Because if you do it alone without any experience or knowledge about trading and you buy or sell currencies without thinking. That will be very risky, especially if you buy a large amount to invest.

Indeed, the long term is more convincing and easier to do for a beginner, but if it is done without knowledge, you will find it difficult to run later, unless you pay a professional to invest your funds. Knowledge to start trading is very necessary, so that you do not have trouble when starting it yourself. It would be better if you were accompanied by people who already have the ability and expertise in this trading field. Because from there you can learn how and the trading process to achieve profit (profit) and manage existing and future risks.

From there you will also gain experience. By studying, starting with a small capital first. Don't be afraid to ask questions, because someone will definitely help you. Don't take the risk of trading right away without knowledge and experience. Because if it's not because of luck, you will suffer losses if you start in that way.

Maybe, that's all from me. Good luck !

Jesabela04

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Trading without enough knowledge is like fighting a battle without any weapon, you'll surely lose. It still better that you'll know the importance of technical analysis so you'll have the basis for your trading journey. Trading is actually a long process of learning so the first thing that you have to do is to have the eagerness to learn.

Fatunad

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Quote from: vintages on February 22, 2021, 02:47:13 PM

You can luckily scale through by making some gains from it with no experience. However, to be on a safer side and avoid losing your funds, it's best to have at least some knowledge on how to trade.
At least using a demo account, can be of help. Or even browsing through the exchange also contribute.

Thats what you called that beginners luck when you do engage on trading and then it turns out to be profitable then dont get confident because it is really just the market
had coincide on the price that you had expecting on but it not really a good behavior to stick out with this kind of mindset.Practice and try to grasp everything because
trading isnt a thing that can be simply mastered or took grasp completely of a certain person.There's no need to demo though because real or live experience
will be much better to enhance yourself specially on the emotion side of things.

Kasabus

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This has been talked about several times and most replies will likely the same "LOSING" will be our ends.

But for OP, if you are willing to take the risk, wanted to venture your knowledge, and test your minds into a thing that you never know before, then have to try this.

We are giving you a piece of advice already and it's up to you to make a decision. Who knows that you were able to make a positive result despite the negativity you've heard.

Kocret02

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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?

trade without experience and knowledge as we learn over the ocean. it was very dangerous and very risky for heavy losses. so my best step is that we must have knowledge first so that we can learn deeper into the world of new trading and then the action of trading in real

vintages

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You can luckily scale through by making some gains from it with no experience. However, to be on a safer side and avoid losing your funds, it's best to have at least some knowledge on how to trade.
At least using a demo account, can be of help. Or even browsing through the exchange also contribute.

acener

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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?

Yes they could but they should also know the risk of what they are doing,
They could still trade there are so many trading groups or signal groups that they could follow but don't expect that they would always gain from it.
They should also be aware of the risk of what they are doing and don't expect too much from it.
The way I see it if they don't have any trading experience or knowledge they are just picking up a ramdom coin and just waiting for it to get pump,
They would also struggle on their decision whether to take their profit or continue and if things didn't go that way they wouldn't have a cut loss point so they could really be in a big trouble.

lixer

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Quote from: airdata on February 21, 2021, 09:32:36 AM

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.

Actually this is more specific for crypto trading because the market is so volatile and risky that an investment in a wrong coin might lead to damage beyond control while a small mistake like not using stop-loss can also lead to losses. Trading without knowledge and learning is like gambling because you are just trusting your luck and maybe being over confident with it.

Quote from: seleme on February 21, 2021, 04:41:05 PM

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.

Actually profiting in early trading is even worse because it either makes you overconfident in your skills which don't actually exist since you are new and just got lucky or it makes you think trading is easy money similar to how gamblers think when they win. Both of these will lead to bigger losses later so its better to have small loss early.

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