Trading without knowledge

[Emilyearl]

Everyone who wants to trade, should first and foremost have a basic knowledge of how cryptocurrencies work. And even with this knowledge, the person has to attain some level of self discipline cos if there's no discipline, greed pops in once in a while and most times ruins everything that has been worked for over years.

[Gheka]

I don't think trading without having any knowledge of trading is possible. As it is important that one should acquire at least the basic fundamentals regarding trading. Trading without knowledge, is simply like gambling.

Exactly, without knowledge, we can only rely on emotions and good luck to trading and of course, this is similar to gambling, simply choosing and waiting for luck, and we all know that the results of people who play gambling, it is loss and continuous loss. Knowledge is the boundary to distinguish between trading and gambling, a trader who will always accumulate knowledge before engaging in investing because they know they can make money or not, this is based on their knowledge, mistakes and listen to the emotions only do they lose money in vain

[kiddddddd]

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 really true. New traders who thinks they should do 'Cut loss' cuz they feel terrified everytime the market goes red is not a trader at all. I remember one professional crypto trader said When you trade you must expect 100% lost cuz you dont know when ur coin's gonna hit the moon. So for me Research,analyze and take risks must have  everytime the market goes down.

[teck28]

without knowledge and research money will be in the risk

[blckhawk]

Trading without knowledge is risky and will surely lead you to have loss in the end. Trading without knowledge equals loss.

Precisely, without having any knowledge on trading is just like playing gambling with no possibility to win. One of the ingredients in order succeed in trading is knowledge together with experience and skills. Without any one of them will be tough for you to manage trading.

[whirlcoin]

If people do trading without the appropriate trading knowledge then chance of losing their investment is more,so they don't have to do but they can try that cryotocurrency trading if they have experience in other kind of trading like forex with small investment capital without any new knowledge to get but who are completely new to trading and cryotocurrencies don't have to try it.

[shinchan123]

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 the knowledge of it is a gamble because there is no guarantee of one's success, especially the fact of not knowing about most of the information necessary could lead to failure. But then again, there is also a chance that the trader would get lucky. It is really unpredictable if you ask me. .

[Mallampue]

of course is very risky to lose all of money if trading without knowledge
you know that trading is needed a knowlegde to analisys the market of cryptocurrency.

[radjie]

Trading without knowledge is risky and will surely lead you to have loss in the end. Trading without knowledge equals loss.

Precisely, without having any knowledge on trading is just like playing gambling with no possibility to win. One of the ingredients in order succeed in trading is knowledge together with experience and skills. Without any one of them will be tough for you to manage trading.

having skills and being able to do research becomes a major factor in terms of trading. if we do not have knowledge in the big trade the possibility of the risks faced is very large, the money we trade is not growing, but little by little will be reduced.

[v0rtecxz]

Something like this often happens, in some cases people who think commerce is easy to do so they try it without having knowledge and experience, they trade just because they want to get a profit, the result is predictable some of them immediately suffered losses and even some trauma to get back to trading, I emphasize Trade is a place full of risk but also full of advantages, before deciding to start trading you should study and try it on a small scale, looking for some experience in trading, so you get used to seeing market behavior,

[babala]

Trading without knowledge, yes many people can do it, then they will gain knowledge on their way. However, it was not advisable to do it since there is a chance that you may fail. so basically, you need to have background check first before you trade you that you can set up a good strategy.

[wanted sliter]

Something like this often happens, in some cases people who think commerce is easy to do so they try it without having knowledge and experience, they trade just because they want to get a profit, the result is predictable some of them immediately suffered losses and even some trauma to get back to trading, I emphasize Trade is a place full of risk but also full of advantages, before deciding to start trading you should study and try it on a small scale, looking for some experience in trading, so you get used to seeing market behavior,

The common point for new subscribers is that they have too many buy and sell orders. There may be a maximum of 10-30 orders per day. They do not know much about the market and how to manage their assets. The more they buy and sell, the more money they lose. Only charged for each buy and sell order at bittrex exchange they have lost 0.25% for each buy or sell.

[reda]

Trading is not easy. If start with out knowledge you get more loss. Before start the trading learn the trading process. you learn the process then you know how to start and how handling the process. Trading is connect the all country people for more process. But most of the people use the trading for exchange. So you complete the process on time. Time is important for this process. So you complete the trad with in one hours. If not complete and it not easy to cancel the trading process. It automatically canceled the trading process if not complete in one hours. So it affect the people and affect your account feedback. So time to complete the process. Trading is helpful to all country people for any time to exchange and any where to use.
So improve your knowledge then you start.

[kwarto]

when you rush things that would make u failed.
education and research will win you in this kind of game.
beginners should always bear in mind that market is volatile. it may high today and may fall tomorrow... better to equip yourself with knowledge before thinking to enter into trading.

[juragane]

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 will make it difficult for you to earn profits and it will be easy to panic, you should first learn how to play good and correct trading in order to get a lot of profit from trading cryptocurrency.

[Woterry]

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 want to step in the trade game but I’m not ready yet. We just need to be patient to know enough so that we can trade the proper way. For now just research, learn a lot here in the forum. And start small. If you want to gamble make sure you’re experienced enough to do it. Good luck to everyone.

[Jack Cryptoman]

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 agree.
Trading is all about knowledge and psychology. If you do not have knowledge, and psychological preparation, you will lose in 99% of cases.
I trade 7 years.

[suvo05]

In the maximum cases people trades without any knowledge or by emotion. I think only 20% people have the right knowledge about the market and the projects. That's why lot of people loss when they trade.

[ymirymir]

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 agree. For us to do better in trading we should educate ourselves about doing the right things right and we should all know the proper things to apply in trading. It is like a roller coaster ride with a lot of trial and error practices but we should be ready for all the posible changes that we might face.

[dg2010]

no problem man! everyone also needs experience. There are too many traders without knowledge now and i believe that they will learn their lessons soon.