Trading without knowledge

[Vencas1]

WHen you start trading you're playing a zero sum game with money on the line against more experienced, better funded, more knowledgable traders who have their emotions in check and know your playbook and your panic moves because they've been there done that and can sit calmy with icewater veins while you trade like a chicken with its head cut off.  No, it's not easy to learn to trade and it shouldn't be.  Good luck all!  

Here's my advice- learn to recognize and how to trade a breakout pattern.  You can find info-vids on youtube.  I think its the most informative single trade experience you can have.   The rookie sees a breakout and fomo kicks in...rushes in, buys high, panics when the price starts dropping, sells at a loss in the dip in panic, buys again when its going up. 

A trader sees the breakout and if its too late to enter they wait, when profit takers dump and the price cavities they buy your coins when you dump em off at the dip and sell them back to you on the soon to follow rise up again. 

One breakout trade and you can learn all you need to know about how greed/fear and lack of knowledge/experience affects your trading.  Read up on em first and play it right and (or wrong) and you'll come out a better trader for the experience.

[JRoa]

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.

Then the outcome is obvious, you will easily lose your money if you will trade cryptocurrencies without knowledge. The key for you to earn big amount of money in trading is knowledge. You should consider how important to have knowledge about trading!

[Koadharber]

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.

Then the outcome is obvious, you will easily lose your money if you will trade cryptocurrencies without knowledge. The key for you to earn big amount of money in trading is knowledge. You should consider how important to have knowledge about trading!

Not only on trading matter but on all of the things we are engaging on.Knowledge would really always give the advantage into things we are into.Its just normal to think on that if we dive in into a particular things without any knowledge and skills/experience then results are already expected which is losing money or do failed down.This is why its important before engaging into investment since we are risking our money we should do our assignments first.

[00DKM@]

I personally love investment and business, but I will not send my money without understanding or learn what kind of business. It's like you're throwing away your money and property into the landfill. Profits will be useless if there is no proper perception of business in any field. Even the crypto market is getting fiercer.

[angaper]

A lot of people do trading even if they don't know nothing about it and some people succeed on that (...).

I do not think so. According to what I have observed for almost ten years as a trader, it is difficult for a person who enters this business without any knowledge or experience to achieve true success, with consistent profitability over the years.

Many beginners make the mistake of becoming overconfident when a string of good luck allows them to obtain important benefits during their first attempts in the market, but without a solid strategy and adequate money management, all of them, even the most talented and fortunate, are condemned to suffer great losses sooner or later.

[Sum24]

Knowledge will not help you much. In trading, discipline and experience are important. Only these things can help earn. And with knowledge and without experience and discipline, you will lose money.

Well mate to be honest you are right to some extent as profit in bitcoin trading is very certain but to some extent you are not saying the reality because if you are a trader then you should know how important the knowledge is. Not only in trading but any business you must gain high experience and knowledge. if you will get more information about trading then it will increase your profit and will give you benefits with knowledge you will know about when you should buy and when you should hold and sell, so I think a man without knowledge and trading is like walking in the dark street.

[xitrum]

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 a dangerous thing. It can be seen that this is a new school and complex voices, continuous fluctuations and difficult to guess. If you do not have enough knowledge about the market and trading skills then I am confident that you will make a loss and you will definitely fail. You need to thoroughly research the market, analyze and have specific plans before investing to tackle the risks that are not worth it.

[Leonard2016]

trading without knowledge is like walking in a bombland blindly!
knowledge is power and decreases the risk of trading in possibilities calculations.

For a good trader it is necessary to have some good knowledge and previous experience, trading skills are also too much important for a person to be succeeded in trading, without having sound knowledge and trading skill the chances of losing money are more high. I think one can get good experience in trading if he spend some time in trading with a very very low investment.

Yeah , this market is like jungle , there are some free emulator websites allow you to trade without money , just to see how much you can gain by trading , i would suggest them for newbies before they bring any money into the market.

[GDragon]

I strongly agree, Being greed can lead consequences and you can say it a problem. I believe in this concept knowledge = gain. If you don't have a knowledge then the opposite of it is losses.

[liivii]

Trading without proper knowledge is like going to war without equipment and of course the result is defeat and totally broke. Trading is not like investing that you just put money and wait for your money grows without doing nothing. In trading all you have to do is carefully choose what coins in the market are having potentials to grow and be like bitcoin someday, you also have to monitor the coins you bought to know when you call sell your coins to have a profit. The best strategy for me is having a limit on any coin because being greediness is not the best mindset in trading industry.

[kolega]

There are a lot of nuances in trading. Knowledge is necessary. It is necessary to study trading tools, indicators, algorithms. You need to be able to analyze the market, charts with price changes. And that's not all. If this be neglected, there will be disappointments and losses.

[GREATLOVE]

Trading without knowledge is absolutely Nothing. Meaning studying without getting knowledge is useless though. If yu want to trade then you must study trading with studying it very well and let your mind focus on it.

[usama98]

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 like a blind person driving an expensive car 😁

[stein888]

Trading without knowledge is just like going to war without proper training. You don't know what to do or where to start, some people can easily adopt, they are the ones who succeed and some people who dies, they are the one who failed. Emotion is one of the worst enemy in trading, and you must have knowledge just to be sure that you will survive don't think so full of yourself that you can easily know everything because that is the one readon why we fail.

[drmarcobelli]

I started trading without knowledge and I can say it really sucked!
I would just see what coin is gaining the most and put my money there, within a few hours a would just loose like crazy hah.
Guess I can say that I learned my lesson the expensive way 

[shield132]

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.

People do really trade blindly because everytime and everywhere you read posts which "claims" you can earn a lot of money from trading and become rich pretty easily.
So a lot of people tries their luck in it, sometimes you can earn profit luckily, without any knowledge but that's even not short term, it's like one time luck.

[Jackblack90909]

Trading without knowledge is the worst mistake made mainly bu starters with trading field. It leads usually to big losses. Trading is different than gambling where you havent to get knowledge first, and you depend only in luck. Trading require good knowledge to minimize the risks and to make the biggest possible earning.

[nightways]

you better have knowledge before you start some work.when it comes to crypto currency thats huge.trading is a professional part of crypto.you should think twice before you start trading.but dont be afraid, spend small money for your practice first.then go big

Starting of the trade without having any kind of knowledge related to that of trading is just like jumping into a river without even knowing how to swim. If you are going to take such kind of step in your life, then you will be getting nothing profitable but the end result will be losing of most of your money because of making the wrong decision. It is better to learn the basics first and then get into it.

[Savemore]

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 am sure that you will regret it! Do not trade because your knowledge is still not enough! You will lose your money! Beginners like you should not yet trade cryptocurrencies because there is high possibilities that you can lose your money.

[jambul_kribo]

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 am sure that you will regret it! Do not trade because your knowledge is still not enough! You will lose your money! Beginners like you should not yet trade cryptocurrencies because there is high possibilities that you can lose your money.

other people call this gambling, trading without any knowledge and no analisys while they open transaction.just put their buy or sell order , and wait this transasction gain profit or loss.please avoid this way or our money gone.