Trading without knowledge - page 26.

rosalyn07

member

Activity: 244

Merit: 13

Quote from: Johnyz on March 23, 2018, 03:28:52 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.

Trading is a good option if we want to make/earn quick money by taking advantages from the price movements but trading without knowledge is not good. I agree with you, we should need some research about it. Then it demands some time of your life, like me i used to be more than 10 hours in front of the PC to learn more and to take profit from the altcoin market.
I agree with those who says that trading is profitable but we need first to start with small amount to experience trading then sometimes it could be a mistakes but it's more knowledge.

bitcoinmasterlord

legendary

Activity: 1148

Merit: 1006

Quote from: w33man on March 23, 2018, 10:39:29 AM

Quote from: Johnyz on March 23, 2018, 03:28:52 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.

Trading without knowledge or idea about what you are doing is like buying without looking. Trading is risky and you need knowledge, patience, experience and a lot more to be able to make good profit from it. So the best advice to newbies who are rushing to earm a lot from trading, do your homework first before engganging to something that can make you rich or something that can leave you with nothing.

If you consider trading is your part time job and give some time to learn then only you will succeed. without having basic knowledge you will not make a profit in trading. Specially crypto trading needs more knowledge about all cryptocurrencies and you must know which exchanging sites is good for trading. don't expect big profit in initial stage start step by step.

Apiapik

newbie

Activity: 210

Merit: 0

Trading without knowledge is suicide. No matter what assets we have, we will be lost.
Because can not predict the state of the market. When to buy, also when to sell.
So, before making a transaction we must learn the science first.

Dansamiv

newbie

Activity: 224

Merit: 0

Quote from: Johnyz on March 23, 2018, 03:28:52 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.

Yes, some new traders enter the market. Success and wealth are always in their minds like the inheritance. By seeing many people have had great successes. Investing without real knowledge is hopeless, they will be swept into the whirlpool and panic in thought. Accepting losses can be good for them by a change and experience.

jrrsparkles

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Activity: 2436

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Quote from: avp2306 on March 23, 2018, 09:05:54 AM

Quote from: jrrsparkles on March 23, 2018, 08:58:59 AM

Quote from: Shenzou on March 23, 2018, 08:23:54 AM

Quote from: Johnyz on March 23, 2018, 03:28:52 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.

Trading is not that hard, it don't get it why people are so scared of getting into it even though it has a lot of profit involved into it, getting into trading does not have to be a complicated thing you don't need to have a degree in economics or have the mind set of a wall street broker, all you need to do is do a bit of research and get to know the basics of it and you are good to go, the skill is built mainly on experience and not on just theories and fancy talk about numbers.

Trading is not a hard job but making money from that trading is complicated so you need to be more skillful if you want to make money.And if you don't know anything about trading holding is the way to go.

Easy to say that its not a hard job but hard to execute in real time around since tradings is not just all about buying and selling it need proper strategic analysis since if you just do buy,wait and sell well you might lose on your trades since you will maybe act wrong if you will be hype by the experience guys around.

Literally trading means buying and selling,the making profits from that is the big thing so you can buy or sell crypto currencies easily at any exchanges.Hard thing is when to buy and when to sell that is why the experience needed while trading.FOr the newbie experience is zero so the chance of losing money is more.

PhucS

sr. member

Activity: 742

Merit: 250

Quote from: Johnyz on March 23, 2018, 03:28:52 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, I also agree with your opinion. Nowadays, there are many traders who want to make a profit, but they have little or no knowledge about this market. This is very risky, as you have said, it seems that all traders without knowledge will fail quickly. Be sure to learn the knowledge and skills you need before you join this market and need to know how to control your emotions.

LSt56

full member

Activity: 392

Merit: 100

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.

sotoshihero

hero member

Activity: 850

Merit: 504

Quote from: w33man on March 23, 2018, 10:39:29 AM

Quote from: Johnyz on March 23, 2018, 03:28:52 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.

Trading without knowledge or idea about what you are doing is like buying without looking. Trading is risky and you need knowledge, patience, experience and a lot more to be able to make good profit from it. So the best advice to newbies who are rushing to earm a lot from trading, do your homework first before engganging to something that can make you rich or something that can leave you with nothing.

You can trade without knowledge and rely on your luck but this is very risky. But even you have no knowledge but eager to learn it, i think its a good practive. Just stary small and try. Do not forget every lessons you encounter so that you may not fall on the same situation again.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: yndye on March 23, 2018, 09:50:45 AM

Trading may be considered as gambling as well but at least you can reduce the risk by having an idea of a possible outcome so that you can act accordingly later on if the trade doesn't go where you wanted it to go. There are so many people who do this by following the signals of others and just depend on when they would received a signal to buy or to sell without even have an idea why they should buy that coin. Later on, they would just regret that they follow blindly the advise.

Technical analysis can be useful, but only if the market remains fairly calm. Calm market means there is less of impulse actions, fear, greed, etc. People then somewhat accept the range as long as it doesn't get broken, and within that range it keeps bouncing up and down for a while. These repetitive movements are quite easily to exploit in your advantage. Till that extent, it's not, and shouldn't be considered gambling. As soon the panic, fomo, greed, etc start kicking in, then make sure you stay away from the market, especially if you aren't comfortable trading in such circumstances. People who do so anyway, and overestimate their understanding of this market, are mostly those who lose in the end. No one can beat this market at that point.

Usafstar

full member

Activity: 378

Merit: 100

Trading with out knowledge is just the speculative act and the bitcoin for us is very good if we trade the altcoin or bitcoin with out the knowledge then we will not get profit and the market survey and the demand and supply measures are important to know for the trader and the trader job is very tough because for them the market knowledge is important to use in the future. If we do any thing with out knowledge then we face losses and the bitcoin is the digital currency the position can change with in seconds.

Arngrim

member

Activity: 182

Merit: 13

There is also one simple way to do it. You ask people. Grin

I dont think it is a hard task to know about trading. I never learned from youtube or any research. I just tried it and Voila! somehow I learned and then just ask some people about the orders because I only do direct buying and selling before. Once I learned about the orders then I just leave it there for 12-24 hours and that it.
It gets boring after that. Grin

w33man

full member

Activity: 462

Merit: 100

Quote from: Johnyz on March 23, 2018, 03:28:52 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.

Trading without knowledge or idea about what you are doing is like buying without looking. Trading is risky and you need knowledge, patience, experience and a lot more to be able to make good profit from it. So the best advice to newbies who are rushing to earm a lot from trading, do your homework first before engganging to something that can make you rich or something that can leave you with nothing.

anavir

member

Activity: 350

Merit: 12

trading without knowledge is just like talking without knowing....your just wasting not only your time but also your money instead of earning profits....learn first about the whole thing you are planning to thread to become successful

yndye

sr. member

Activity: 616

Merit: 262

Trading without knowledge is like gambling wherein you don't have an idea what the outcome will be and you just hope to get lucky to win. Trading may be considered as gambling as well but at least you can reduce the risk by having an idea of a possible outcome so that you can act accordingly later on if the trade doesn't go where you wanted it to go. There are so many people who do this by following the signals of others and just depend on when they would received a signal to buy or to sell without even have an idea why they should buy that coin. Later on, they would just regret that they follow blindly the advise.

GelsoAM

member

Activity: 158

Merit: 10

That's completely stupid trading without knowledge is just pure stupidness and just try not to attempt it because you are more in likely to lose alot of you're trades.

Bukx

full member

Activity: 196

Merit: 100

Quote from: BobBct on March 23, 2018, 09:30:08 AM

That's a stupid idea because you will do something with money and you don't know what next to do because there are indicators in the market that we use as guide to profit not just blind trade buy there sell that.

What do yiu think might happen to you? It is tge same with trading. Your weapon will be your knowledge. If you will start trading without the basic knowledge about it, you might lose everything. Invest in your self first. Invest time and effort in studying trading and cryptocurrencies. Always remember that knowledge is power. Power is very important.

BabyBoss

full member

Activity: 462

Merit: 100

Quote from: Johnyz on March 23, 2018, 03:28:52 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.

You are right, just like the real businessman they need to study first before they entered the world of trading because it is not that easy they need knowledge about it in order to be successful and not lose that big time. If some are become successful I believe they do it in their own strategy.

Hemady17

member

Activity: 505

Merit: 35

Quote from: Johnyz on March 23, 2018, 03:28:52 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 don’t think that you have no knowledge when you do trading the appropriate word maybe lack of knowledge. Many of the newbie entered the trading practice with very little understanding on the market.

I agree on you that GREED is the driving factor of those newbie. They wanted to earn fast but not knowing the consequences of their actions.

Dreamchaser21

full member

Activity: 686

Merit: 108

Knowledge is very important and I believe you must understand it first before entering in a battle, that’s the best weapon you could ever have in any battle, people say that. Trading is a huge thing because you can easily make money or even lose more than what you have. Make effort, or lose money its your choice make it better and more convenient for you trade with confidence.

BobBct

sr. member

Activity: 616

Merit: 250

That's a stupid idea because you will do something with money and you don't know what next to do because there are indicators in the market that we use as guide to profit not just blind trade buy there sell that.

Topic: Trading without knowledge - page 26. (Read 2095 times)