Trading without knowledge

[btc78]

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.

greed is not part of having no knowledge when trading,but instead they are just curious about what trading is all about and just having a wantings of gaining..and besides this is one of the great teacher in trading,when you experienced losses this teaches us to he more careful and more obedient in every trading we will be entering

[Aing]

Maybe this is what people called as FOMO. People don't want to miss something popular. Recently after bitcoin skyrocketed at the end of 2017, people were busy trading bitcoins. They join trading because of the trend. Although join due to the hype, they are still traders. But it should be underlined that they aren't true traders.

[Opekin]

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.

It is like diving into a deep pool without even knowing how to swim. It is only appropriate to learn something first hand before entering something. Crypto world is not simple as it may seem, you have to do a lot of researches and gain a lot of knowledge before even thinking of engaging with it.

The important things is not only knowing how it all working out trading  is easy to get in or having a good comprehension of its every little details. The very big opponent of every trader is the emotions, this is a feeling that will ruin your trade even how much good trader you are if you cant control your emotions over your mind then it will be your downfall.

[mstfprcn]

Trading without knowledge simply means gambling, and the results are the same; you lose. may be if you are lucky guy, you can earn something at the beginning but it wont continue. you have to follow the news, and rumours, also join the telegram groups of the coins in order to feel the market.

[Redhead5]

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.

Yes this is true. If you make trading to this crypto world without enough knowledge on how to do it, you are just putting yourselves in a trial and error process which can be resulted into a big loss of your portfolio. If this the case learned well first basic OP of trading process to get what you really want to.
Simply avoid gamblers principles.

[jojowar]

Definitely correct. You must study first the work around on trading, read articles or discussions like this forum to gain more knowledge and if you know persons that closes to you who also engage in this kind of trading you better ask him/her to give you more ideas.

[Vanester2014]

Trading without knowledge is like you are jumping in water without knowing how deep is it and you dont know what will happen in you when you landing in that place in short its suicide jump. If you want to succeed in trading or in any kind of investments you have to study amd make a research.

[nydiacaskey01]

The problem with new traders are they were driven by greed and those who invited to to start trading may have taken advantage of Binance referral program when referral fees we're still high, they did not inform their referrals about the risk that they are taking when they started trading. It's asking them to go to war without even knowing who is the enemy.

Just take a look at FB pages about Cryptos and look how they encourage people to start trading by showing them how much they earned and what they already bought. Trading is not for everyone. It needs a lot of time and experience to learn how to trade.

[GingerX]

Knowledge is so important to trading, but there is always a dose of luck or unluck. I thing that soon there will be a lot of alt coins with rock stable rate of exchange. There is a good example - decentralized storage cloud Nebula Network, which will have rock stable rate at about 5$ thanks to emission mechanism tied to their supply.

[btccoffee]

Trading without a knowledge is like a suicide, if you are value in your money then the first thing you have to do is make a good research watch more videos about trading and atleast join in some trading discussion in any furom much better if you always active in this furom you can learn so much more about trading in here.

[greatk]

In a bullish season, when all portfolios are going green even the dumpest individual think of himself as a great trader. However, wait for a bearish season, then the sheep are separated from the goats.

Knowledge and patience is key when it comes to trading

[ohkkstaaahp]

The transaction without the knowledge that you rely on luck is the key. But for today's Crypto market, luck will not be for everyone, and for profit we have to have deep knowledge of the Crypot market. If you want to win big then you have to rush into investing and learning experience. So you can win with BTC.

[RAMZA]

Yes it's true on the crypto market most of the amateurs who are not at all recruited in the trade. That's why they give their coins cheaply and everything falls so quickly.

[virasisog]

The transaction without the knowledge that you rely on luck is the key. But for today's Crypto market, luck will not be for everyone, and for profit we have to have deep knowledge of the Crypot market. If you want to win big then you have to rush into investing and learning experience. So you can win with BTC.

first luck is not the key in winning in trading although you will gonna earn but considering your emotions as well having no knowledge it is just useless. Nonetheless a person who has a luck but he knows when he will sell then it is much better. Next is a person or a beginner doesn't need to rush investing he much need to focus on gaining knowledge before investing and not investing first before to learn

[djkyno]

Trading without good knowledge is the worst mistake and it lead generally to big losses. Good knowledge is always required before starting with this risky field, because you have to learn at least the basics of trading to avoid the biggest mistakes and to choose carefully the best coins or tokens to trade.

[ngacengan]

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 seems to be hard to get so much profit you have to need what knowledge can make bitcoin prices move quickly and what causes it you should know it so you can get a lot of profit.

[xSkylarx]

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.

It is a disadvantage to trade without enough knowledge because it is important that we know what we are doing very well upon entering it. I agree that we must have enough education about it for us to succeed in this field and to avoid a big loss. We must just trust crypto and do well for us not to regret anything in the future.

[Marrionbitcoin]

It is quite obvious that you should have some education in order to start trading but for some reason this forum is one of the main things that mislead the beginers. I remember myself a while ago asking about crypto trading, the most popular advise wassomething like "Just fund your exchange account and start trading, you will get experience. No shit".
Just imho we should have a thread with basics of technical analysis and some information about crypto trading / investing pinned on this board.

Right ! But I think you are wrong saying that this forum is the main thibgs that mislead the beginners, its just up to you if you really have that education you wont do that unless you have the basic knowledge in trading which is performing a technical analysis.
Trading is not for you if you just can read and never understand the things you read and specially you have to had the skill in before you can trade.

In my opinion, for as long as you have the guts to invest, why not! You don't need to know everything about Bitcoin just the basic will do. Basic rules are buy low and sell high as effective strategy in trading. Maybe at first you will get lost about trading but in the long run you will learn from your past mistakes. Experience is the best teacher so for me just invest your money to Bitcoin will do in fact, there's nothing in investments.

[klasik1980]

Trade is an extremely complex exercise, and this is fraught with numerous problems. Without a clear understanding or understanding of the market and the fundamental laws governing change, it is almost impossible to make a profit and easily incur losses.

[atjiat]

Trade is an extremely complex exercise, and this is fraught with numerous problems. Without a clear understanding or understanding of the market and the fundamental laws governing change, it is almost impossible to make a profit and easily incur losses.

If you do something So, then first of all you will suffer, and not the market. and yet each trader learns from his mistakes, although it is always necessary to take into account any nuances that have happened to someone else.