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Topic: Trading without knowledge - page 14. (Read 2127 times)

full member
Activity: 546
Merit: 100
burst.money
March 31, 2018, 08:45:04 AM
Trading without knowledge same as body without backbone. Trading is the best earning method in crypto-currency world. But many traders don't have enough knowledge about trading. They faces a huge losses.
jr. member
Activity: 168
Merit: 1
March 31, 2018, 08:26:09 AM
Are you serious! That is like going on the battlefield without a gun. Your chance of survival is little.
Trading is very risky move; you need to learn more about it before you invest or make a move. It requires planning and focus to avoiding big losses. But if you want to start trading without knowledge just start in a small amount and some luck.
hero member
Activity: 998
Merit: 504
March 31, 2018, 08:01:39 AM
Yes it is possible for someone to trade on cryptocurrencies and any other stocks in the market without having the knowledge of it, but you will only be gambling with your luck; you just click any direction and hope that you win. So it’s possible, but pretty bad.

It’s more better for you that you have the skills that are required for a trader, cause if you don’t, relying on lucks and hoping that you will make it won’t help you in anyway, you will just end up a loser. So my advice is to study reading and have knowledge.
sr. member
Activity: 335
Merit: 250
DECENTRALIZED CLOUD SERVICES
March 31, 2018, 02:37:50 AM
A lot of people do trading even if they don't know nothing about it and some people succeed on that but most of them failed.
One of the reason why I think they do that, is because of GREED which can result to a big loss for them.

Start with education, make a lot of research, do some practice trading online
and use it later on in real life. Don't rush to earn money because in trading its hard to do so.

Are you a trader in mind but scared inside?
Be more patient, develop your emotion and win in this market.
I am one of those traders who take the risk to get some profit but in the end I failed, it is really hard to trade if you don't have enough knowledge. I had lost so much money in trading because I was just guessing which coin should I buy.
full member
Activity: 448
Merit: 104
March 31, 2018, 02:29:46 AM
What knowledge people requires in this
Trading requires luck as it only depends on peoples
If they selling the currency it means price will dump but if they buy then price will increase, as simple as that
member
Activity: 462
Merit: 10
March 31, 2018, 02:18:34 AM
Start Trading without knowledge? it is very risky .youmust be  loses your investment amount.i know trading is very risky but if you ready to a good trader .you earn a huge profit.so for trading you need very strong experience .and i think you waste your time in trading .i hope you will be success.
hero member
Activity: 2268
Merit: 789
March 31, 2018, 02:05:32 AM
A lot of people do trading even if they don't know nothing about it and some people succeed on that but most of them failed.
One of the reason why I think they do that, is because of GREED which can result to a big loss for them.

Start with education, make a lot of research, do some practice trading online
and use it later on in real life. Don't rush to earn money because in trading its hard to do so.

Are you a trader in mind but scared inside?
Be more patient, develop your emotion and win in this market.

I agree on this but I also have some reservations about it. Firstly, individuals who start their journey in trading should do their part before they engage into such activities in order to avoid potential risks and mitigate damages in case of losses. Second, one must also be resilient, determined, and patient as trading involves a series of decision making skills that poses a risk of losing most of your investments in one go. Third, while profits that you receive may be significantly large, the amount that you need to risk also balances (sometimes outweigh) the scale of losing it all.
While trading may be indeed profitable for experienced traders, they also experience losses from time-to-time due to what you said, being GREEDY. But being greedy is not that much of a deal, relatively though.
member
Activity: 210
Merit: 10
March 31, 2018, 01:59:23 AM
Trading without knowledge is like going to war with no weapon. if you are lack of knowledge in trading obviously others will take that as an advantage. we are talking about here is about money and experience, you must have a lot of knowledge so that you can trade and do others stuff perfectly and in the end you will not regret your decisions.

Just read and never practice is similar you will loss money because thats mean is without knowledge.
If without knowledge, you only need to follow the signal from friend or other expert group which already has proof of success.
member
Activity: 854
Merit: 10
March 31, 2018, 01:47:31 AM
Without knowledge about trading, it will hurt you a lot because you don't know how to choose the best coins and you don't know where to buy the coins.
It is not possible for you to make money without knowing any of these and one more thing is the technology behind is very difficult in the beginning. So it is a bad idea to enter the market without knowing.
sr. member
Activity: 2030
Merit: 323
March 31, 2018, 01:34:05 AM
Trading requires a whole lot and having the basic knowledge about trading is of utmost importance and should not be overlooked. Trading without having any knowledge is like trading blindly and the only outcome you get, would be to incur losses upon your investment. So, you need to first equip yourself with the basics.
If you don’t have prior knowledge of cooking, and you think you are about to get into kitchen and when coming out, you will be having a delicious spaghett is in your plate, does it makes sense? No, likewise, you can’t have any good profit ratio or even profit itself if you don’t know how to use your coins. So it is immensely advised to keep yourself updated with what you are going to do.
member
Activity: 280
Merit: 10
March 31, 2018, 01:26:51 AM
Trading without knowledge is a risk because when you trade you must learn and know everything about trading to avoid losing your money and first trade only small amount to experience and had some knowledge in trading then when you succeed then go for a bigger amount.
newbie
Activity: 197
Merit: 0
March 30, 2018, 10:51:54 PM
Trading without knowledge is like going to war with no weapon. if you are lack of knowledge in trading obviously others will take that as an advantage. we are talking about here is about money and experience, you must have a lot of knowledge so that you can trade and do others stuff perfectly and in the end you will not regret your decisions.
sr. member
Activity: 756
Merit: 251
March 30, 2018, 09:02:27 PM
A lot of people do trading even if they don't know nothing about it and some people succeed on that but most of them failed.
One of the reason why I think they do that, is because of GREED which can result to a big loss for them.

Start with education, make a lot of research, do some practice trading online
and use it later on in real life. Don't rush to earn money because in trading its hard to do so.

Are you a trader in mind but scared inside?
Be more patient, develop your emotion and win in this market.

You have some nice points there, mate. I gave you a single merit for that. However, for the sake of fairness, I think it is not only greed that might have fueled a lot of people to immediately get involved into crypto trading, even without the basic knowledge about cryptp trading or even about cryptocurrency in general. Perhaps some or many of them are just too excited to try it themselves. I think trading is fun and that some are really very much eager to go into action immediately. But I always advise that they start with small amount. 
sr. member
Activity: 1009
Merit: 328
March 30, 2018, 08:18:26 PM
I think trading without knowledge is a suicide. We may need to know trading first with a verry few amount of capital. before we go ditect trading with a big amount of capital. Because if we do trading we need to be patience and we need to considered things like we don't own our disteny we maybe win or lose but  the important things is we learn.
newbie
Activity: 88
Merit: 0
March 30, 2018, 03:54:47 PM
Do not start trading without knowledge. Crypto is not so easy, you need to learn about crypto currency more and more. A beginner should start by choosing a company with a good reputation that offers an exchange and wallet. you can end up losing all your money in an instant if you aren’t careful. So I suggest you start trading with crypto knowledge, learn about crypto.  Smiley
member
Activity: 378
Merit: 35
March 30, 2018, 02:13:33 PM
What a nice phrase: trading without knowledge! Great idea! It will work in two cases:
1) if you have an extrasensory perception to predict currency rates;
2) if you eager to become a vag with no a roof over your head.
hero member
Activity: 742
Merit: 500
March 30, 2018, 02:06:25 PM
A lot of people do trading even if they don't know nothing about it and some people succeed on that but most of them failed.
One of the reason why I think they do that, is because of GREED which can result to a big loss for them.

Start with education, make a lot of research, do some practice trading online
and use it later on in real life. Don't rush to earn money because in trading its hard to do so.

Are you a trader in mind but scared inside?
Be more patient, develop your emotion and win in this market.

I think you bring up a great point, and i completely agree with you that patience is what leads to profit.  Emotions are a major factor when it comes to trading/investing and when someone is just starting out these emotions can really make them lose a lot of money.  Overcoming these fomo and panic emotions is very hard in the beginning but if an investor can hold through a long bear market and ignore all the fud once, then he/she should be able to ride out any other downtrend that comes later.
legendary
Activity: 1148
Merit: 1001
March 30, 2018, 01:55:01 PM
A lot of people do trading even if they don't know nothing about it and some people succeed on that but most of them failed.
One of the reason why I think they do that, is because of GREED which can result to a big loss for them.

Start with education, make a lot of research, do some practice trading online
and use it later on in real life. Don't rush to earn money because in trading its hard to do so.

Are you a trader in mind but scared inside?
Be more patient, develop your emotion and win in this market.

trading (like any other financial activity) without knowledge and skills becomes gambling with great probability of losses.
you must never improvise but you need to study, have the right knowledge, skills and a lot of patience!
newbie
Activity: 56
Merit: 0
March 30, 2018, 01:15:30 PM
Trading itself is knoweldge Smiley I have spectated crypto for past 3-5 months or so. I did some research about it not fron technical side but more of humane , read articles about people who dived heads down into crypto and lost lots of there saving becouse of pressure droping price gave them , saw those funny memes of people buying high's and selling lows and thought this is it im ready to start trading and yet i made most of those mistakes by myself. No knowledge will make you perfect trader if you wont practise it..
full member
Activity: 210
Merit: 101
March 30, 2018, 12:13:17 PM
Since we are converting FIAT to bitcoin,we will patience with some fear in heart.When the price will increase or when it fall.If you do trading with out knowledge,surely it leads to some loss.So you have to learn trade before you have started.
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