Is trading good for beginners?

[Sakanwa]

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

[1714420310]

1714420310

[1714420310]

1714420310

[mk4]

There's a reason why a huge majority of people lose tremendous amounts of money with trading — simply because it's not easy and it's definitely not for everyone.

Seriously, trading is overrated. Go get a job or start a business instead. Unless you want to grind for more than a year and shoulder the losses while you're still learning.

[adaseb]

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

After been told it just for them to choice on the candles sticks if it's up the they want to choice or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for sure person to begin trading?

Well historically people have been making loads and loads of money anytime there is a strong bull market. Whether in stocks or crypto. And they told other people and they also started to trade. And its all good until the bubble pops. I had so many of my friends trading in 2021 making killer profits. Both in stocks and crypto. Then 2022 came and most people lost all their gains.

You wont make any decent money just by following candlesticks patterns, because they work half the time and the other time they dont work. You need to find out what trend we are in and trade that way using candlesticks. So basically in 2021 if you traded using bullish candlesticks patterns it would help you. If in 2022 you used bearish candlesticks patterns it would help. However you don't know what kind of market you are in until its too late or in hindsight.

My advice try and trade with a small account and see how it works out. Or trade demo. They got it available for all cryptos and stocks on tradingview app.

[Sebas.tian]

No, it will be difficult for such person to achieve a good profits from his trading because he don't have knowledge about crypto trading which many people has lost their money for the lacked of trading in the community. The most important thing is for he to save more money and settle down to learn more about crypto trading before he can start with small amount of money to test his self before he can increase his capital in the crypto trading. The type of coin to buy in the market, is very important for newbies to know before investing, because know the type of coin to buy will determine the profit you are going to achieve when the price of that particular coin increase higher in the market.

[Strongkored]

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

He can trade but he will be more likely to lose all his savings, not only in trading but in all types of work, business and others if done without the right knowledge you will get nothing but loss and despair, even when the person has the knowledge and is ready plunging into trading he still has the opportunity to lose because not everyone is suitable for trading. Sometimes it's easier to start a business in the real world than do trading.

[GreatArkansas]

(....)
My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

After been told it just for them to choice on the candles sticks if it's up the they want to choice or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for sure person to begin trading?

Every trader out there started as a beginner. So. for me, it's either good or bad. Good if you trust the process if you learn and are dedicated to learning how to trade, and bad if you don't want to learn or you become greedy.
Trading is a difficult job for me, it involved money, and you may become bankrupt while trading which is the normal case, a lot of people already experienced this.
And take note, most of the beginners or new in trading are intended to stop trading because of various reason after there few trades.

[xSkylarx]

You should advise your friend that while he is saving, he should learn on the way because he is saving money to lose as he has no concrete plan on how he can earn profit from it. For sure, he will just deposited it and guessing the price on where he trade without proper strategy, and he will end up losing his couple of months' savings. Though he can do copy trading, but for sure, he doesn't know anything or what's going on if he puts his money on it. It is really best to have knowledge first, even if you already have money to invest because you'll end up losing if you don't have knowledge of trading.

[Don Pedro Dinero]

There's a reason why a huge majority of people lose tremendous amounts of money with trading — simply because it's not easy and it's definitely not for everyone.

Seriously, trading is overrated. Go get a job or start a business instead. Unless you want to grind for more than a year and shoulder the losses while you're still learning.

I think that with this, the OP should have things clear. Just to add that trading is promoted a lot because the houses earn a lot of money in commissions. That is, they earn every time you buy or sell, so they are more interested in their clients trading than Buy and Hold, which is a safer way to earn, as long as you buy bitcoin or premium products.

[AnonBitCoiner]

First blunder he did is that he don't know anything about trading and initiate it like he has all the information about it. The second blunder he made is that he puts all his saving in it. There are large number of individuals who are involved in trading and with these two mistakes they have lost their revenue completely.\
 
For newbies start point should be minimum and with the passage of time when they understand about trading then putting large sum is not a bad thing but I think that putting your whole saving is a foolish behavior as you know that trading is not a stable.

Trading sometimes gives you profit and makes you rich but on another hand it can also destroy your income and make you poor. So work properly and do not make decisions blindly without any information.

[Baccarat222]

first of all if he doesn't know anything about trading , i think its not a good idea at all . because if he trades without any knowledge he might lose all his saving money . If your financial status is not exhausted but put into trading without knowledge of anything. I expect from a large amount of money to be reduced to 0  ever. The world of trading is quite cruel. ทางเข้าคาสิโน

[Xampeuu]

First blunder he did is that he don't know anything about trading and initiate it like he has all the information about it. The second blunder he made is that he puts all his saving in it. There are large number of individuals who are involved in trading and with these two mistakes they have lost their revenue completely.\
 
For newbies start point should be minimum and with the passage of time when they understand about trading then putting large sum is not a bad thing but I think that putting your whole saving is a foolish behavior as you know that trading is not a stable.

Trading sometimes gives you profit and makes you rich but on another hand it can also destroy your income and make you poor. So work properly and do not make decisions blindly without any information.

for beginners, doing short-term trading will be difficult, considering that short-term trading is not easy. especially for psychological control which is very difficult for beginners. therefore must be patient to enjoy the process in the learning process. everyone will need a different time to master it, and of course you know better. therefore for beginners it is better for long term investment. and learn about short-term trading with small portions, until mastering it

[LogitechMouse]

Trading can be done by everyone, but it isn't for everyone.
Only those who can handle the losses, only those who can wait for them for a long time before they will be profitable.

Is trading good for beginners? Professional traders started as beginners as well right? I mean what kind of question is that. As we start trading, we are all beginners already. As you have that experience in trading, overtime you will not be a newbie anymore. Maybe change your question to "Is trading good for people who don't have knowledge at all?" That would be a better question.

Trading without any knowledge is like having a quiz without any knowledge regarding that particular topic, and you will fail miserably. If you don't want to learn first, just don't try trading at all. Even those who are trading for a very long time are experiencing losses still. Go try demo accounts in different trading platforms such as Binance since they have one. Instead of putting your money into trading, at least put your money into yourself.

[TheUltraElite]

In my opinion someone who has zero experience of trading on any speculative market but claims to make money easily through trading is trying to fool the person in front. Those who have been trading for years know how the market works but not newbies.

You should not trust this person unless you verify yourself their claims. Chances are the person is a scammer attempting to fool you into giving your money.

If this is someone in real life, verify. If this is some internet username, then block them.

[Jawhead999]

Any newbie should avoid trading at all cost except they have a good emotion and wouldn't blame the asset when the price doesn't follow like his prediction.

Even you've learn about candle stick, trends, scalping, trading bot, copy trading and self pro claimed professional trader, there's no guarantee you will make money. Experience is really important in trading, it's need trial and error, also need to accept huge losses in order to learn.

Most people can't able to survive and they're high likely move to shitcoins.

[bakasabo]

If a newbie should avoid trading, what should he do then? How can you learn without trying? Anyone managed to learn to ride a bicycle without riding it? I dont believe in that. Newbie should or must trade, but he should start with a little deposit. You dont need to have a doctors degree to be able to understand buy low sell high strategy. I think that beginners should trade with little deposits and with low profit expectations.

[mu_enrico]

Trading isn't a hobby, so if your friend is just using his spare time to trade, better stop and just put his money on mutual funds. If your friend truly has an interest in charting and stuff, then it's fine to put in more time. Every pro was once a beginner, so yeah trading is good for a beginner "with packages" e.g. serious, determined, good at math, etc.

[tbct_mt2]

Cryptocurrency market is cruel and it's not easy to start with investing or trading. You need to have strong mentality and good discipline to invest and trading well.

With trading, you need to have good knowledge about trading technically and must be very disciplined to close your positions when market looks risky and move oppositely with your thought. Trading is not easy for newbies, junior and senior because not many traders can gain profit in long term.

In a summary, investing is better than trading is my lesson.

[Adbitco]

No one can venture into trading without intensive training or mentoring to know how the cryptocurrency market or forex market works. I just wonder why one could used his life savings into trading without adequately get routed into trading. However, beginners are not meant to just jump into trading without starting with at least Demo account this would help to position and enhance their trading skill before finally funding their account to start full time trading.

[Johnyz]

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

Yes they can trade, but expect them to lose money right away.
Becoming a trader is not easy, it will take a lot of time before you call yourself as a real trader, so as a beginner its your job to learn more and know how the market works, you should not trade if you still don't know what to do not unless you can afford to waste money. Trading is good but for beginners, you should go through the process.

[lovesmayfamilis]

Can a person be a trader without a general understanding of the financial markets? Is your friend ready to make the right decisions, have an understanding of market trends, and have the ability to manage risk and their own emotions? Well, in addition, to having the ability to adapt to changes in the market, All this and much more do not come in one day; experience and long practice are needed, which bring both mistakes and victories. Of course, if there is interest, it must be thoroughly studied, but one must be prepared that many ravines can be encountered along the way, which ultimately destroy the desire to trade.