Trading without knowledge

[kolega]

Many people are driven by greed, a thirst for easy profit, fear of loss. If you add to this list the lack of experience and knowledge about trading, the result is unlikely to be positive. If a person can not allocate time and patience for training in trading, he is unlikely to be able to trade at a profit and manage a decent trading account

[Miracleismyidol]

I couldn't agree with you more because I know some people who just trade because they wanted an easy profit without gaining knowledge about trading itself and cryptocurrencies then they whine about it why they lost that much. There is no doubt that having theoretical knowledge is essential for any kind of thing. But besides theory, practical knowledge is also necessary

[tatum506]

It is hard to trade without knowledge in this way you can lose your investment if you don't have knowledge when it comes to trading and I think reading an article about the bitcoin or anything about the cryptocurrency is a big help to have knowledge in bitcoin. Knowledge will not help you much. In trading, discipline and experience are important. Only these things can help earn

[htconem7]

Number one thing that you should learn is, you are risk taker,  we all know that trading is very risky, complicated, and it is hard to do. Do not start trading without knowledge. Crypto is not so easy, you need to learn about crypto currency more and more. A beginner should start by choosing a company with a good reputation that offers an exchange and wallet. you can end up losing all your money in an instant if you aren’t carefull

[Handa]

Trading Cryptos without proper knowledge is the most foolish thing one can do .To trade,hold and sell one need to be very clear with the crypto market and its instructions . Risk is always high while trading with crypto , you should make sure that your decision is worth doing at that time.

[patrickj]

Many people are driven by greed, a thirst for easy profit, fear of loss. If you add to this list the lack of experience and knowledge about trading, the result is unlikely to be positive. If a person can not allocate time and patience for training in trading, he is unlikely to be able to trade at a profit and manage a decent trading account

Greed lead to huge losses because trading is like gambling they have to bet many times or bet high to win then after they loss they can't control their self to bet again to regain their losses. They should have some luck in their hands to be able to win in gambling.
But in trading, patience and knowledge are what we need to have because at first they have to be knowledgeable in some aspects of what altcoins have a great deal this time or what the community need right now so pump will pop out. After buying some altcoins patience will allow us to hold it until it's all time high exceed or when they met the target profits they want to have.

[yhoga45]

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.

That's a true story because I started without any research, I'm just thinking buy cheap and then sell high. First, that strategy was work because I haven't try to FOMO but then bad news came and always holding my coins so I lost my investment although my investment just a little. From that, I learned that we must be a patient man because I think patience is the process.

[Gheka]

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 knowledge seems to be difficult to get a better profit if you have experience and knowledge about the world of trading for easy to gain profit.

well, it's like playing gambling, because just rely on luck. but when you combine it with knowledge, it can be a great advantage in the future. sometimes the information becomes central very important in trading.

What is based solely on luck, it will not last for too long because sooner or later, luck also abandoned us and go to other people, trading based on luck sometimes we can succeed but if we continue, failure will gradually come to us and we will realize that knowledge in this world is very important. I never say with certainty that knowledge will help us to always win but it will help us get rid of some dangerous situations, give us more accurate choices and know when to buy or sell, a successful trader is someone who can survive for a long time, not a person who only wins in a short time
 

[Hassan02]

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 knowledge seems to be difficult to get a better profit if you have experience and knowledge about the world of trading for easy to gain profit.

well, it's like playing gambling, because just rely on luck. but when you combine it with knowledge, it can be a great advantage in the future. sometimes the information becomes central very important in trading.

exactly and we know that this is may not yet even be look like that you have to depends on the luck of it cause you have to be more practical and to think what could be the best thing to do for.

[Panchum]

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 with out knowledge is not good because it can't help you to progress easily. You need knowledge for the fast promotions. That's only their weapon to achieve their goals.

[GelsoAM]

I think trading without any knowldege at all and traded a big amount of money well let's say the word to you "stupid" because doing that will more and likely to loose your money.

[Ctn]

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. I think that the best weapon and strategy that we should be and should have here is just to be patient and positive here in crypto. Trading is a challenging thing that would changebour lives for good in the future so we must focus on the things that will help us grow in this field.

Indeed. Creating the strategy before entering into the market is great step to take. There are people who only work out their trades based on the strategies and nothing else. Sometimes they are so best in that they could just earn huge profits without studying any back links of the project and neither they are considering different facts of the project, they are just understanding the behaviour of the coin, making strategies on that and earning with it. Greed will always be enemy of the human and to be frank most of the people are there who cant control it. Its far difficult and beyond imagination everyone being so straight about their trades and not being the greedy one.

[moshk555]

Trading without knowledge is same like jumping off the plane without a parachute because without the knowledge of trading there are 99% chances of making the loss. If you even make a profit in 1 or 2 trades at the end you will lose all.

[thrushzodiac8]

Even I don't have any knowledge about it for real. I just counted on the posts for data mining

[guoyu78]

Trading without knowledge is like donating your money to the charity. you cant possible earn a profit because youll probably loose if you dont have any knowledge in regards to trading. everyone knows that trading isnt a piece of cake or an easy task that any regular person can do.

Trading requires an adequate knowledge and marketing skill in order to initiate it properly and successfully. Much better if you can just invest rather than doing trades because investing doesnt requires any good knowledge other than patience and strong control of emotions.

Even donating money to the charity would be better because that is a virtuous deed. In case of losing money in trading, he won’t be earning anything, neither money nor virtue. In this world, every great achievement demands knowledge.

For me, trading without knowledge is like walking in a blind dark valley with eyes closed. What are the chances of someone surviving in such a scenario? Obviously zero.

[Maximo1]

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 definitely right we need to learn first inorder to earn especially in crypto, it needs more time in decision making and of course full knowledge in crypto world,it is an important tool to achieve your goal,without it then your putting yourself as well as your family into risky one.

[dynospytan]

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.

You were definitely right. I agree on what you stated. If you really want to enter the trading world you must understand it first before you do trading. A lot of people are entering this world without enough knowledge of it. It is just like going to a war without enough bullet. How could you win if you are like that right? That's why it is very important to have some information about it before you try it. Learn it for a while, don't be to rushed on earning money because sooner or later, all your hard work will gives benefit to you.

[mangoleaf]

Even the most experienced traders can get burned in this market.  Stock market knowledge does not apply here.  The crypto market is so unpredictable it is basically gambling.

[GangNamSK]

Do business in the cryptocurrency market without knowing that you may be more risky in doing business. It does not bring you profits as you expect. So, in order to do business effectively, you should study the full knowledge of the cryptocurrency market and regularly update the market to be able to beat it. Good luck.

[malah]

before trading better to find information about trading and about the coins we will buy, how the coin movements will be profitable or not and if you do not know or do not have knowledge about trading then you will be wrong in making decisions and can lose