Trading without knowledge

[soorhass]

Trading without knowleged can be considered with comitting suicide because you will lose your balance without noticing.

[Dilladupak]

One of the reasons I think they did it, caused huge losses to them. because you have to know a lot of research, do some trading exercises in this forum have a lot of knowledge about trading, so you will more easily trade, and you can control the risks in trading so you will easily get many benefits.

[mornabo]

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.

I think most ordinary traders don't have much knowledge when they try to trade. strategies that they know maybe just buy cheap and sell when expensive. and they think that strategy can be done at any time and for all coins. so most of what they get is a loss. but the experience will lead them to become even more smart and powerful

[Brama Jasa]

many people trade crypto and then they fail and lose, because many people just think about how to profit without physical activity, they are interested without having knowledge about crypto cultivation, how not they are interested in crypto trade many crypto trade advertisements that show glamorous life . With trading so everyone who is mindless participate in trading. everyone wants instant, but there are also some who think about the strategy before doing it, which they have not done yet

[Victorycoin]

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

Don't fool yourself, knowledge is indispensable for success in any area of human endeavor. It could have been your lucky days, but you really don't have to count on that  because anyone can test success, but it take knowledge and wisdom to retain and manage success. If a trader have all the capital he would ever need and no good enough trading knowledge, just give him some time and all that money would have grown wing and left him.

[Kurokyy]

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.

Your right, also a trading without knowledge is like a soldier fighting in a war without weapon. You maybe lucky to evade those bullet but you cant kill anyone. Same in trading, you can win sometimes by pure luck, but in the end you will be losing. Knowledge is power and always be patient!

[Indrawan77]

Trading without knowledge is just the same with gambling, most of the people don't bother to learn the basic because sometimes they got lucky and then they think the basic is not important, and some of them want to used the momentum of bullish market to make profit, so they just entered without any clear mind, trading without knowledge will end up in a loss

[Reid]

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.

Yes. It is like going to war without admitting that you are blind. How can you even help yourself like that. You will just be food from other traders.
Best teacher of all is experience. It is not bad to try it. A little of your fund might help you get more information about what trading is.
But just like he said, do not be greedy. Stop when the amount that you risked is already gone.
Step back and try to realize what happened then make another strategy.
Same could happen, it might work it may not. You are always risking here, so better make it profitable always, run when you are a winner then start again.

[BUK2016]

Well, I don't see it as Greed though because every successful traders started from the kindergarten and that it's look like they are gambling while trading as those that loose are much more than the gainers. 

[Qunetick]

Well, I don't see it as Greed though because every successful traders started from the kindergarten and that it's look like they are gambling while trading as those that loose are much more than the gainers. 

I think trading without any knowledge may result to a big failure that is really. I believe that finding some idea is the very first important thing to do on trading, because we are looking for profit on the trading feild, and if we are not going to do trading seriously maybe we were going to lose everything. So then we really need to trade with learning or maybe experience for good.

[Agetan]

    Practice makes perfect. In trading not only knowledge but you need also to practice doing it. I'm sure after many times you can familiarized about the techniques and other aspect in trading you will become a successful trader and can earn profit from this. Learning while doing that is the best strategy for me in trading.

Practice is number one before tryimg to start trading. 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 buy low sell high. It can lead us to get profit for beginner.

[gabbie2010]

I have read articles of traders who lost there investment due to lack of knowledge, therefore one must be fully equipped with knowledge before trading e.g Technical analysis, Fundamental analysis and the psychological aspect in trading must be adequately learnt or taken of  to enhance a perfect trading strategy after consistently making profits while demoing.

[vasrasus]

I have read articles of traders who lost there investment due to lack of knowledge, therefore one must be fully equipped with knowledge before trading e.g Technical analysis, Fundamental analysis and the psychological aspect in trading must be adequately learnt or taken of  to enhance a perfect trading strategy after consistently making profits while demoing.

Trading was no joke, it should be serious since its an investment, I doubt if any will have that courage to make orders out of nowhere or just pick whichever coin their pen points when they say stops. They might be to rich to do that .😁

[Jaya912]

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.

The result not only big loss but also we can gain big profit if we put our big noney into trading.
Nothing with no risk so try to think wise and put your money into trading as much as you can afford to lose.

[Synaesthesia]

i do not agree with the opinion when trading without knowledge. this makes the market chaotic. This makes the investors lose their money. Knowledge makes you succeed.

[Koro-Sensei]

Trading without knowledge huh? It's like walking on a lava without knowing what pain is and walking endlessly in a city without knowing what road rules are and what is a pedestrian lane is and end up in either jail or worse dead.

[caloy06]

i do not agree with the opinion when trading without knowledge. this makes the market chaotic. This makes the investors lose their money. Knowledge makes you succeed.

Same here, I don't  agree with the opinion when trading without knowledge. All of things or a opportunity we need knowlegde to know what is it?how makes know this situation so, we need all of knowledge to earn money and to future in life. All situation in life to the way to earn money we need knowledge because, knowledge is so very important to everyone that we can't be procurable other person.

[kpcian]

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.

Absolutely right, without having proper knowledge about trading no one can gain anything from this platform. that's why gathering knowledge should be the first priority regarding making a profit through this platform. I also saw so many people that they have taken a wrong decision being emotional instead of the real scenario.

That's why trading requires a lot of knowledge for becoming succeed through this platform. only Knowledge and patience could bring to you a lot of success in the trading platform.

[Theb]

Well if greed is involved in your trades no matter how much knowledgeable are younin technical analysis you will still lose at the end. Men's hunger too much money and don't know how to be satisfied with it will make make him lead to his own downfall. Also people who are experiencing gain and don't know what to do with it because they don't have any trading plan will only make things worst for their situation. They also have the wrong psychology to begin with holding amd not selling at a gain but will immediately start selling at a loss.

[Kelvinid]

i do not agree with the opinion when trading without knowledge. this makes the market chaotic. This makes the investors lose their money. Knowledge makes you succeed.

Exactly.Trading really requires a lot of knowledge especially on the coins you're going to invest.Make sure that they have their own potentials so you won't make regrets in the end.Make your own experience in trading even with just a small amount at first so you will be aware of its consequences either positive or negative ones.Trading is such a risky activity so prepare your strong emotions.