Trading without knowledge is gambling, nothing more. When you gain first profit you feel like a profi but next loss make you greed and influence on your mind in a bad way. Stay away of trading without any knowledge and effort. You will loose eventually your funds
Well, trading without knowledge is just like entering a job without any knowledge what you are applying at, for example you are a graduate of HRM but is applying for IT support then what do you think will happened? Will you succeed or will go home crying, knowledge is so important so don't forget it. 
Topic: Trading without knowledge - page 22. (Read 2127 times)
Trading without knowledge is gambling, nothing more. When you gain first profit you feel like a profi but next loss make you greed and influence on your mind in a bad way. Stay away of trading without any knowledge and effort. You will loose eventually your funds
If you are going to participate in swimming competition but dont know how to swim,same here if you dont educate yourself you will loose.Knowledge is power and it will take you on right path.
Invest with low amount and make practice continuously.If want to invest for long term dont invest at one place must diversify the investment.
Invest with low amount and make practice continuously.If want to invest for long term dont invest at one place must diversify the investment.
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 without knowledge is really dangerous. You can lose your money if you will enter to the trading world without knoweldge. My advice for you is to gather first information for you to make money in trading cryptocurrencies. 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 without knowledge is useless, as if you are just throwing your money. It is like you are going to the battle that you are not prepared. In your investment, you should have a better understanding and knowledge on trading so that you can put a wise decision that will make you earn profit or avoid losses.
Trading crypto currency without a good knowledge of what trading crypto currency is all about is just like gambling which the probability of you winning is not certain but depends on what the outcome of the gamble will be at the end.
It is hard to trade without knowledge in this way you can lose your investment if you don't have knowledge when it comes to trading and I think reading an article about the bitcoin or anything about the cryptocurrency is a big help to have knowledge in bitcoin. It is like gambling if you trade without knowledge about the trading in the cryptocurrency.
Yes, I also think trading without knowledge is just depends on luck which we can call gambling.In trading to be succeeded you should always follow strategy and became success.But without proper knowledge you can't just rely on luck.So I think trading can't be started without proper knowledge about it.
Actually, if you've been trading awhile its easy to see it as a "given". In contrast, most newbies do not see it as such and try to trade without the basics in place. They figure they'll learn the basics after they've become profitable.
We have too many threads at this forum where people are trading the Eminis or anything else with no discipline, no backtested strategy, no trading plan or incomplete trading plan, abuse of the brokers leverage/margins versus their risk management, trade management after entry, don't know the most important stocks in the index of whatever futures they're trading...variables that do impact the end result.
We have too many threads at this forum where people are trading the Eminis or anything else with no discipline, no backtested strategy, no trading plan or incomplete trading plan, abuse of the brokers leverage/margins versus their risk management, trade management after entry, don't know the most important stocks in the index of whatever futures they're trading...variables that do impact the end result.
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 without knowledge is Gambling. they only use their instincts to put the price.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 only a few people have success with it.
Patience is more valuable than the other things in any kind of business. Beside that education must need there if you don’t have enough knowledge you won’t be the success. So, should gather enough knowledge and go for business.
There is no doubt that having theoretical knowledge is essential for any kind of thing. But besides theory, practical knowledge is also necessary. Bookish knowledge can provide initial ideas while practical knowledge helps to relate to real life. In terms of practical knowledge, this forum is very much helpful for the newbies and upcoming users as well as investors.
It is required for those traders that we need a basic knowledge and learnings about trading.When we enter in crypto being patient and quite smarter in everything we do in investing as a traders.Time management and being discipline on for us to know more and more experience in trading.
Why would anyone wants to trade without adequate knowledge because even those with knowledge fail sometimes. Patience that is need in crypto is not only in the investments but in the time spent in acquiring knowledge on the trade. I don't encourage quick trade but the long term. Compare your knowledge on the research with others and ask any question on the forum or raise topics on what you don't understand.
I couldn't agree with you more because I know some people who just trade because they wanted an easy profit without gaining knowledge about trading itself and cryptocurrencies then they whine about it why they lost that much. The real technique to being successful in trading is you have to gain knowledge first, educate yourself so you would know the run around of trading before getting into the real thing.
I am agree with you TS. The most problem is greediness, and some person want to trade because of curiousity and crypto is trendung so they want to trade as possible and they want instant earnings they think when trading crypto they will earn instant cash because its just buy low and sell high. The most inportant concept of trading is discipline, if you don’t have discipline you can’t study hard, no eagerness to learn something step by step and you need to have patience and determination to be successful trader. good luck
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.
Start small, get big. Learn from mistakes and in time gain experience to start trading like a pro.
trading without knowledge is like walking in a bombland blindly!
knowledge is power and decreases the risk of trading in possibilities calculations.
For a good trader it is necessary to have some good knowledge and previous experience, trading skills are also too much important for a person to be succeeded in trading, without having sound knowledge and trading skill the chances of losing money are more high. I think one can get good experience in trading if he spend some time in trading with a very very low investment. knowledge is power and decreases the risk of trading in possibilities calculations.
A lot of people have been trading without any knowledge, only a few of them succeed and most of them fail. So, you should invest as much amount as your can afford to lose. It would be better if you gain some knowledge before trading.
Jump to: