Trading without knowledge - page 5. | Bitcointalksearch.org

marck31228

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Quote from: Bdstar on March 23, 2018, 04:57:16 AM

It’s really difficult to improve trading capabilities then you have to gather a lot of knowledge about the market. For this purpose, we may find out a lot of literature regarding this purpose. Basically, trading is totally dependent on the experience and knowledge about market.
That’s why, without knowledge and experience, No one can gain from trading and investment. But it also depends on luck but knowledge is the basic element.

Victorycoin

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Quote from: piloder on March 23, 2018, 05:12:39 AM

If you will start trading without any prior knowledge or experience than it will be like a gambling your chance for you to make profit will be equal to your chance of making loss even lower than that.

Trading needs intensive study of market and also you need to watch for every news/update that will broke out.

You will find, out of luck anyone can make some profits, but it takes more than pure luck to sustain any profit made. Without strong and deep roots in knowledge and ways of trading, the fact of such trader already is foreclosed. That is why you readily see some traders back at one regardless the huge profits they had had, some even had the privilege of starting off with some reasonable bankroll.

Webetcoins

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Leading Crypto Sports Betting & Casino Platform

Quote from: BCSHonda on April 12, 2018, 11:35:44 AM

Business without knowledge is quite risky. Because you want to business and compete with your competitors, you must have a solid knowledge and experience. Not only does your knowledge require continuous updating of news regularly and continuously, you can win over your competitors and earn as much as you expect.

Trading needs knowledge. You have to compete with others and should learn knowledge for that because the market is full of investors and traders. You have to make yourself able. Start trading by creating exchange account after that go step by step. Step forward and set up the coin in your account a price little high so that someone buys and you earn profit. So trading needs a lot of knowledge.

Tungsten-1

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Quote from: bitcoinveda on April 12, 2018, 08:49:10 AM

Yes, it is really a bad idea without any knowledge, how can we trade because it is very difficult for us to face the situation of the market. Mainly in crypto, we need a lot of experience in order to make most, so i suggest without any knowledge better stay away from it.

For trading, you need a lot of experience. Knowledge about the market response due to a rise and fall in the prices and the behavior patterns of the investors is of prime importance. Trading without these important things simply leads you to nothing but loss. It is like visiting a strange country without taking a map. You will never be able to reach your destination and would result in wastage of time and money.

hieuho381

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Quote from: binghope on April 13, 2018, 09:47:47 AM

Without knowledge you probably rely on luck. But for the current market we do not have the patience to win, Today's investment in BTC requires us to have in-depth knowledge, experience in the market, so can win.

I do not think luck will help us forever. Each person is only a few lucky to help them escape the tremendous risks. They need to have a lot of economic knowledge to assess the market.
I think the masters of that investment would be Buffett and Graham. Those are the people I admire, they invest with reason and never invest with emotion. They spend more time to learn and invest, I like their diligence and hard work.

binghope

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Without knowledge you probably rely on luck. But for the current market we do not have the patience to win, Today's investment in BTC requires us to have in-depth knowledge, experience in the market, so can win.

Lilianaser

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Trading without knowledge is in my opinion wrong. The people who do this must be because they have been tempted by big profits but do not think about even bigger risks. Yes, it is better if we want to do something must be based on minimal knowledge and we can practice directly. If we already have knowledge about Trading, if someday there is something going on we must have understood what action we should take.

feverpitch

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That's it, you may easy make profit in a growing market like it is now, even if you aren't good in long tem investing.

canaveralnonie

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Dota2

Yes, you have advantage if you knowledge on what you're doing for specially in trading. If you knew every situation or details, the means luck you need is just 1% ( almost no room for it ). For me, trading is like, making your self in middle of the war, and the only thing you can do is to get the life of others and survive for the honor and strategy.

ivrynx

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Trading without knowledge is dangerous for your finances, just think of this, it is like letting a plumber do surgeries on you, when you are in the hospital, as if you are destroying something that keeps you going. Before you trade you need to gain knowledge first, then the experience will follow, it is far different from the saying that experience is the best teacher, in trading you need to survive first in order to experience along the way, if you also do not invest in your knowledge, it might cost you alot of money, since there is a high chance that you will loose rather than earning, it is not a 50/50% chance, sincethere are alot of coins to choose and you will need to consider the trading pairs and the market is volatile for both.

SixOfFive

sr. member

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Trading without knowledge can definitely earn you some gains but I don’t think so anyone should do this because it will not last longer. When a person without trading knowledge starts investing, he invests a small amount at lower price and sells it at higher price. When he earns profit so easily, this leads to the greed and he starts investing more but as he does not have some technical knowledge about how the prices move, etc, he might start losing.

BCSHonda

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Business without knowledge is quite risky. Because you want to business and compete with your competitors, you must have a solid knowledge and experience. Not only does your knowledge require continuous updating of news regularly and continuously, you can win over your competitors and earn as much as you expect.

tienigarazz

full member

Activity: 253

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Trading it self is very risky, but doing it wthout knowing how to do it properly is more risky.
We have to read first all the information we need on how to do trading, in that way we can acquire small strategies that can we use to become successful in trading. We have to think twice or more before doing any risky acts. And always stay calm so that you can think properly and wisely.

Alice123

newbie

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On the off chance that you will begin trading with no earlier information or experience than it will resemble a betting your possibility for you to influence benefit to will be equivalent to your shot of making misfortune even lower than that.

Trading needs concentrated investigation of market and furthermore you have to look for each news/refresh that will broke out.

Miracleismyidol

member

Activity: 266

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Trading without knowledge is kinda risky very risky actually because it is like you are entering a fight without even know how to fight because you might gonna lose as always so you better have any background in it before entering that field because it involves money and that is one of the important thing now because nothing is free today especially if you are living in the city

ervinmadureri

member

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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. We should really be sensible with our actions since money is being earned thru hardwork and investing it with proper knowledge is always been advised. Comparing stocks and crypto will really be different learning process both would be not an easy journey but when it comes to sources then anything is already on the internet

ducphucmmo

member

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Trading really requires a lot of knowledge especially on the coins you're going to invest.Make sure that they have their own potentials so you won't make regrets in the end. I will discussion to trading system of business are including the btc.the trading investment of some other coins should be profit from investors.the without knowledge of listening to trading investment knowledge prevents new entrants from participating in markets

Starone1

newbie

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Quote from: Bitcoin_trader2016 on April 09, 2018, 10:46:23 AM

Trading without a knowledge may only come to lose your money and investments in trading. The first thing you have to do is search and study the price and tokens or whatever company you want to invest.

It is never too late to enter the bitcoin community. Actually bitcoin is not easy to be gained in today’s world so if one really wants to step into this business then all you need is to wait for the price of these coins to get low .bitcoin is itself a very profitable step towards a bright and prosperous future so one should not think of taking this step again and again by the fear of some loss.

bitcoinveda

member

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Yes, it is really a bad idea without any knowledge, how can we trade because it is very difficult for us to face the situation of the market. Mainly in crypto, we need a lot of experience in order to make most, so i suggest without any knowledge better stay away from it.

DMiracle1

full member

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Quote from: Cryptodux on March 26, 2018, 05:20:04 PM

Trading without knowledge simply means gambling, and the results are the same: you lose.

I do agree. Trading requires education, skill, patience, discipline and effort. However even with the right education, trading can still be a huge struggle. We need to learn all aspects of the role, develop our skills and always stick to our plan. We have to be able to make decisions during conditions of unreliability and when there is risk at stake which could cost us money or make money.

Topic: Trading without knowledge - page 5. (Read 2048 times)