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Topic: Trading without knowledge - page 20. (Read 2095 times)

sr. member
Activity: 460
Merit: 254
March 26, 2018, 05:16:34 PM
Trading without knowledges - waisting time and money but in the other hand it's your experience
But if a person does some research about how to swim before just jumping from the cliff into the water, it would save him from all the struggle of learning the survival skills at the very last point. Trading is no kid’s game. I would never encourage trying it out without digging out the basic properties of asset to be traded and some basic rules of this profession. Besides, if someone decides to do bitcoin trading, his amount of loss can be really huge and unimaginable.
member
Activity: 448
Merit: 12
March 26, 2018, 05:02:15 PM
I agree, but you will never be proficient in trading if you do not try it directly. like learning to ride a bike, you can not just hear his theory, as good as anything you listen to his theory you'll never be skilled if you do not try it directly.
just like trading, you should try it directly, if you are not ready with a lot of money start with a little.

agree with you, being and connected with market gives you more deep experience and improves your decision making for buy and sale
to ensure that your actions were correct and had a qualitative result, you need more time to analyze the market and monitor all your investment projects.
legendary
Activity: 2282
Merit: 1023
March 26, 2018, 04:45:59 PM
If i am spending my money, i would learn about the project and then only i will invest them, trading blindly or knowing how to trade is called gambling and you wont make any profit if you are doing that, invest your money only when you are familiar with the investment platform and not before that, with stock trading you can get guidance but in crypto trading you need to learn on your own ,youtube and google will solve these issues.
member
Activity: 398
Merit: 10
March 26, 2018, 02:27:20 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.
It is a true business man, and in addition to firmly grasp the principles of technical analysis we need an effective strategy, understanding and regularly follow news from the site. That is the secret to winning the market. The uninformed will be the losers in this market. Sooner or later they will be empty. I have made many mistakes. Always increase your knowledge.
newbie
Activity: 238
Merit: 0
March 26, 2018, 02:10:44 PM
I agree, but you will never be proficient in trading if you do not try it directly. like learning to ride a bike, you can not just hear his theory, as good as anything you listen to his theory you'll never be skilled if you do not try it directly.
just like trading, you should try it directly, if you are not ready with a lot of money start with a little.

agree with you, being and connected with market gives you more deep experience and improves your decision making for buy and sale
full member
Activity: 1554
Merit: 101
March 26, 2018, 01:43:06 PM
I agree, but you will never be proficient in trading if you do not try it directly. like learning to ride a bike, you can not just hear his theory, as good as anything you listen to his theory you'll never be skilled if you do not try it directly.
just like trading, you should try it directly, if you are not ready with a lot of money start with a little.
hero member
Activity: 868
Merit: 535
March 26, 2018, 01:22:44 PM
Is this even possible? I know I traded with barely any knowledge about it long before but it does not mean I do not know the basics. How can you even trade in an instant without a tinge of idea how it works? Come on, I know some are just into it to impress others but I hope we are honest to ourselves. Otherwise, we set a wrong benchmark for others to emulate. It would then be too risky for these people to trade with zero knowledge on it, especially now that the price of Bitcoin is undeniably higher than it once used to (during the time I started trading).
copper member
Activity: 658
Merit: 284
March 26, 2018, 01:06:07 PM
Trading without the knowledge is a suicide. Though, almost 90% of traders started that way. Trading bitcoin or altcoin require a knowledge and understanding when to buy or sell. What are signs, what are the signs to buy, and what are the signs to sell. Trading any cryptocurrency without the knowledge of how the market can react is a big risk and to avoid losing money you must learn the necessary skills and knowledge.
full member
Activity: 462
Merit: 100
March 26, 2018, 11:56:30 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 think trading without knowledge seems to be very difficult to get a lot of profits from trading, before trading at least you should read how to play very good trading and understand how the movement of prices of bitcoin and other coin and understand what causes the price can rise and fall up to you can use it all for profit.
hero member
Activity: 1540
Merit: 508
March 26, 2018, 11:29:25 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.
Yes, trading without knowledge likes playing lotto. They don't know why they lose and what to do next.
Those losing money should be used to learn about trading, market research and they can save a lots of time Smiley
This is one of the most common mistake of newbie
legendary
Activity: 1414
Merit: 1000
Leading Crypto Sports Betting & Casino Platform
March 26, 2018, 11:23:24 AM
I am sure you will lose your money if trading without knowledge. Trading is need a knowledge and skill to do that
it is better to lear about of trading and analysis.
hero member
Activity: 1148
Merit: 504
March 26, 2018, 11:14:06 AM
Knowledge is power you cant reach the destination without knowledge. Even you go for travel take a map to reach the destination so invest in yourself and educate properly learn deeply then earning will easy for you.
Basic knowledge of trade and cryptocurrency and factors which effect the market need to know.Learn to control the emotions and invest in stable coins having bright future.
Knowledge can not be obtained without a hard effort. Yeah you have to continue to hone your knowledge about trading and crypto. because the key to profit in trading is great knowledge right? other than that. controlling emotions will also play a very important role in trading. yeah whenever prices can go down and knowledge will not manage your emotions. it takes a strong mental to control your emotions in order not to panic
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
March 26, 2018, 11:07:23 AM
You should always trade cold-hearted and based on your TA and FA skills. Don't put emotion in your decisions as that will get you portfolio bleed in most of the cases! First and foremost you need to build up your knowledge base about TA. Do not even try to trade without the basics. Good luck in the markets!
member
Activity: 196
Merit: 11
March 26, 2018, 09:56:17 AM
You can start trading, even if you don't have any previous knowledge. But start with a small amount of money, in case you suffer losses, it wouldn't be a problem for you.
legendary
Activity: 2520
Merit: 1040
Catalog Websites
March 26, 2018, 09:50:08 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.
This is the problem with most of the people who wants to become a trader. They just jumped in trading without having a knowledge or anything that can help them with trading. Jumping into trading without proper knowledge is like going into a war without having any weapons. Its like a suicide for me. Professional traders will take all of your money.

Being a professional trader can't be done with one day only or a week. It will take time in order for you to know the strategies you need in order to trade and earn profit.

If you want to be a professional trader, start with reading anything related to trading. Learn the different strategies you need, the skills and the traits you need in order to be a good trader. Don't just jump in trading just because you want to earn. I will say this "If you do that, 95-100% sure that your money will be lost".
member
Activity: 229
Merit: 10
March 26, 2018, 09:30:15 AM
Trading without knowledges - waisting time and money but in the other hand it's your experience
sr. member
Activity: 1988
Merit: 322
March 26, 2018, 08:35:20 AM
it is true that many today are looking at easy trading. they are always easily captivated by the huge income but never had sufficient experience but in reality all the expectations are inversely proportional to what they imagine, it will certainly result in losses despite how much you have the funds.
We are getting a different mindset these days. We want to get maximum out of something but we are never ready to invest out efforts even minimum. This will not work anymore. Because markets are already so much saturated with traders. So if you are doing nothing and think of big comings, brothers you need to review your strategies and plans accordingly. Work and only this can give you big profits.
sr. member
Activity: 826
Merit: 252
March 26, 2018, 07:48:49 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 try trading in 2015 ( currency/ forex ) and loss $10k on the first month, start only with dream that I can be rich guy in short time make me ignore knowledge and practice. Wrong start for me and I never repeat that again in all my activity ( not for trading only ), always prepare with knowledge, tools and know the risk. People have different mindset about trading and change mindset into the right track is really hard. Your post remind me that trade is not easy and profit is not always become the main goal, knowledge is important.
member
Activity: 294
Merit: 12
March 26, 2018, 07:40:04 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.
Trade without knowledge it's like solving a puzzle where you really don't know where to start first or where to find the missing piece. I am an example of trader in mind but scared inside, but I am really working hard to study to know everything about trading. I do some research, read, watch anything related to trading cause I don't want to failed and lose my money in the end. Thanks to your advice, well appreciated.  Smiley
full member
Activity: 462
Merit: 101
March 26, 2018, 07:15:03 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.

Personally, I have not seen a single trader who knows nothing about the trade and at the same time trades at a profit. It just does not happen. If a person does not know anything about the trade, in the end he will not earn anything, but only lose his money.
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