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Author Topic: Trading without knowledge  (Read 1705 times)
spyerf
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March 23, 2018, 11:06:06 AM
 #21

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 very important. something done without knowledge is just a disadvantage. in terms of trade do not only think of profit, but also loss. indeed in business we should dare to take that risk, but if without basic knowledge, it acts careless and stupid.
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Everglow
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March 23, 2018, 12:04:29 PM
 #22

Yes, if you enter this market with no knowledge, it look like you play gambling. Spending your time to learning, researching carefully before invest your money on this. There are a lot of peoples still earn money from this market, you can find and follow them to learn their experience

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March 23, 2018, 12:10:31 PM
 #23

Risky game you are playing.
Trading without knowledge could be only based on pure luck but you have to know this will not last forever. You can't be expert from the very begininig, good knowledge and experience comes with time but still there are at least some basic information you need to know before you start. But at the end, it's your money you are playing with, so your choice.

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Shenzou
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March 23, 2018, 12:23:54 PM
 #24

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.

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putrisa
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March 23, 2018, 12:24:59 PM
 #25

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 or skill seems to be done because I think the most important thing when trading is trading capital and expertise to control emotions in order to become a patient person is not easily affected by other people's talk.
bitcoinveda
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March 23, 2018, 12:35:46 PM
 #26

Without any knowledge about trading and coin, it is not a good idea because first of all, we need to have basic knowledge about the trading. Sametime you need to research the coin which you are going to invest, trading and researching is not an easy job to make money. The more time you spend the more knowledge you will get.
Tactical Genius
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March 23, 2018, 12:38:15 PM
 #27

Some of us have realized that trading in cryprocurrencies doesn't follow the classical pattern of trading in say forex or stock trading and so sometimes it is really difficult to use traditional trading strategies to predict the market,sometimes it works for large volume trading pairs. In any case you should still need to have some basic knowledge in cryptos trading before going on.

bambino
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March 23, 2018, 12:48:16 PM
 #28

I knew some ppl who start trading on a wave of hype and they wasted all of their investments bcz didn't know basic point of trading..

jrrsparkles
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March 23, 2018, 12:58:59 PM
 #29

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.

avp2306
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March 23, 2018, 01:05:54 PM
 #30

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.

jambul_kribo
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March 23, 2018, 01:07:25 PM
 #31

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.
without any skill make us loss our money easyly.although with big amount that we used to trading but without skill its same with gambling.better to save our money until we have skill to analyze market.

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cydrix
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March 23, 2018, 01:11:37 PM
 #32

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.
No not entirely greed because you don't know anything other than investing money  it will probably turn out that you have been scammed but you would not know it eventually because your knowledge is lacking. Wasting money is the right term to this one here so goodluck with that.

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March 23, 2018, 01:22:31 PM
 #33

A lot of people do trading even if they don't know nothing about it
That quote is the major advantage crypto trading has over Forex trading and people are short changing themselves ignorantly for that. Nothing is as costly as ignorance. Those who do this may escape a while but certainly they eventually get hurt as they suffer losses. There are no shortcuts in success.


I knew some ppl who start trading on a wave of hype and they wasted all of their investments bcz didn't know basic point of trading..
Of course, that is normally how it ends.


it's no problem because you can still do it even without the knowledge and the problem is trading without capital,
Sigh! Sadly, here is one of such who think trading is gambling.

Verdict
Trading without knowledge is...disaster

Wonder_woman
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March 23, 2018, 01:26:10 PM
 #34

Trading without knowledge is very risky and will make you end up having loss, simple as that. 

BobBct
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March 23, 2018, 01:30:08 PM
 #35

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.

Dreamchaser21
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March 23, 2018, 01:31:58 PM
 #36

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.
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March 23, 2018, 01:35:51 PM
 #37

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.

BabyBoss
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March 23, 2018, 01:36:05 PM
 #38

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.

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March 23, 2018, 01:42:41 PM
 #39

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.
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March 23, 2018, 01:49:36 PM
 #40

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.

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