Trading without knowledge

[whyrqa]

Users at times out of curiosity try to test their luck through gambling. In this regard there some enter into trading to examine their luck without any prior knowledge about the market scenario. Very few among these get luck to profit big in a small time period, whereas most ends with loss and some gain experience and try to master it.

I think that almost all the newcomers learned from their mistakes, and not in the camp about high matter theory. All the same, there are the first basics that you will know, and everything else comes with experience.

[Quidat]

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.

When a newbie person did able to see big results into some trader they would normally put up into their minds that they can able to do such thing too on where they do believe that making money would be easy and tends to jump in without any preparations and awareness on how risky is trading would be.Putting and risking big amounts which would definitely result into a big loss.

[adzino]

They have to start somewhere. You can trade without knowledge, but its best to start small. Keep investing small amount and learn from your mistakes. You will eventually gain enough experience to handle larger trades which will end up giving you huge profit.

[harizen]

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.

Well on the other hand, there is a good lesson too that can learned for those people who engaging themselves in trading without any preparations or knowledge. Because they are in rush for getting quick profits (maybe they see other people earned decently thru trading) , they will just leap on this without an ammo. And the result? The expected quick profits now turned into quick loss. Afterwards, chasing the loss will happened. Ang again, same result will happened. And so on..

Because of that, they are building now their trading experienced. While on process, they are now used to experienced loss that will make them think on what things they got wrong. And then building strategy will now take placed and then that's a good start.

Sometimes people needs to experienced mistakes for them to become better in the future.

[Tellek Garing]

trading without learning as it will only bring losses. because this will be very difficult to do, and when it has managed to bring profit then immediately sell. do not be greedy because greed will bring disaster

[hurry_hore]

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.

Greedy is one of a reason to lose in trading, but also too patience will cause lose also, there is thread for basic reference in trading : https://bitcointalk.org/index.php?topic=2960563

[Bezobraznike]

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.

Greedy is one of a reason to lose in trading, but also too patience will cause lose also, there is thread for basic reference in trading : https://bitcointalk.org/index.php?topic=2960563

   Greediness can be the reason for losing not just money! It is a flaw, and
I think we all have it, difference is how much each of us can control it. It
is our`s enemy!
   I believe in self-education. We have a chance to learn what ever we wish
just if we wish it. There are so many tutorials about everything, books are
written how to do something, in the end all you got to do is to try it first time,
second, third and like until you become perfect in what you are doing. Some are
talented and they can learn something faster, some of us need`s more time,
but with the right amount of wish we can do a lot of things, even to learn
how to trade and make profit from that!

[Tungsten-1]

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.

I have no different opinion in this regard because knowledge is required to become successful in any field of life. Trading is a very risky profession and demands some critical skills too. Anyone can start trading but only those few can survive and achieve their targets who have worked hard in the past and learnt necessary information. Knowledge about the coin and tactics about this profession are a must for making money.

[WUUEX79]

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 is tantamount to misleading yourself and wasting your money in vain.
I'm never afraid of what's happening because i always use price comparison charts as a foolproof trading indicator.

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".

Actually not misleading maybe at that moment your brain hasn't been able to receive it so your mind can't choose or manage input which is more positive.

Just imho we should have a thread with basics of technical analysis and some information about crypto trading / investing pinned on this board.

This is true, the basis of technical analysis is the key to success in trading.

[ahtsham90]

exactly. People are so much greedy even after taking a  handsome profit from the market still think that why I took my money out I could have made more if I hold. 

[djselery]

Trading without good knowledge is very risky, and it is leading usually to big losses. Many starters think that trading is the shortest and simplest way to make money with crypto currencies, so they start trading without getting good knowledge about this field, and most of them lose their hard earned money.
You need learning a lot about trading before starting, to minimize the risks and to avoid the biggest mistakes.

[fredo123]

Trading without knowledge is very crucial because it will end up to lose. Even those who are highly experience people will still commit mistakes in investing crypto's, aside from that, trading now a days are getting hard because most of the crypto coins are losing its value,

[LodisMcguire]

If you just depend on luck in trading,the result will not likely to be good.It never hurt to learn about something that will make you understand how the thing works.Just study about it and make decision according to your calculation,with this the chance you'll lose will greatly reduced.

[Arlibtchunt2018]

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 with you. It is risky if you don't have enough knowledge in trading. Lack of knowledge can lead you to a wrong decision that could cause to failure or loss. The most important thing that is needed to gain in trading is experience.

[andreijoaquin]

Many are confident to enter trading even without proper knowledge because cryptos are somewhat easy to invest with unlike trading in stock market. In cryptos all you need is a capital and positive mind. Since many trader based on their judgement on other people experience and opinion, most of the time studying the target asset is no longer an applicable but rather choosing what they believe will give them higher profit.

[Intersan]

If you just depend on luck in trading,the result will not likely to be good.It never hurt to learn about something that will make you understand how the thing works.Just study about it and make decision according to your calculation,with this the chance you'll lose will greatly reduced.

Trading without knowledge and without knowing the basic things about it will have a bigger risks than what trading already has. Seriously,  why would someone try to earn money without knowing what he entering.  It will be like taking an exam without studying,  going to war without guns  and bullets,  an investing without money for investing. To be frank,  it is a stupid move to make because how are you going to earn from trading without knowing how to do it. 

Instead of earning,  someone like that will likely end up having nothing in the end but only sadness,  regrets and bitterness. 

[Choii]

it's no problem because you can still do it even without the knowledge and the problem is trading without capital,
I suggest buying eth or btc when the price goes down and hold it ,,, you will get a profit, I am sure

I don't know what's your definition of trading, yes capital is very important if you want to trade but if you want to win in this game you need to learn first before you get the profit that you want to gain. Actually, by Hodling bitcoin or ethereum is the best way to earn a profit, but you need also knowledge to set your goal.

[reda]

It to risk. If start the trading without knowledge. More loss in trading process. So before start the trading  first you learn then trading process then start. It connect the other country people. So easy to share information and you get ideas from people. Trading is not. If any mistakes in the trading process. You get more loss. Time is important for this process. Coin price is any time to change.

[mx667]

If you just depend on luck in trading,the result will not likely to be good.It never hurt to learn about something that will make you understand how the thing works. Just study about it and make decision according to your calculation,with this the chance you'll lose will greatly reduced.

Trading without knowledge and without knowing the basic things about it will have a bigger risks than what trading already has. Seriously,  why would someone try to earn money without knowing what he entering.  It will be like taking an exam without studying,  going to war without guns  and bullets,  an investing without money for investing. To be frank,  it is a stupid move to make because how are you going to earn from trading without knowing how to do it. Instead of earning,  someone like that will likely end up having nothing in the end but only sadness,  regrets and bitterness. 

I think everything needs knowledge to play in. No matter what crypto and coins that you invest in, you must know at least the basic knowledge of crypto. The basic knowledge of crypto are simple. Usually the price of cryptos always changing all the time and the price can go up and down at anytime. So we need to keep in mind that making profit is uncertain in the world of crypto. But you can make a lot of profit if you want to do long-term investment. I think long-term investment is very good option for newbies. Because we do not have to monitor all the cryptos price and we just need to focus on collecting and investing money as much as we can. Unlike daytrading.

[infer]

education is always a key lead us to success. If you want to make money or do something, first, you need to learn about it. Spend some of your time to make research and buy book to read about it. Trading is a good activity to do in order to earn money but you can not trade without knowledge. People have lost their money. Will you be the next one to lose your money ?