Trading without knowledge

[Alice123]

On the off chance that you will begin trading with no earlier information or experience than it will resemble a betting your possibility for you to influence benefit to will be equivalent to your shot of making misfortune even lower than that.

Trading needs concentrated investigation of market and furthermore you have to look for each news/refresh that will broke out.

[1714552314]

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[tienigarazz]

Trading it self is very risky, but doing it wthout knowing how to do it properly is more risky.
We have to read first all the information we need on how to do trading, in that way we can acquire small strategies that can we use to become successful in trading. We have to think twice or more before doing any risky acts. And always stay calm so that you can think properly and wisely.

[BCSHonda]

Business without knowledge is quite risky. Because you want to business and compete with your competitors, you must have a solid knowledge and experience. Not only does your knowledge require continuous updating of news regularly and continuously, you can win over your competitors and earn as much as you expect.

[SixOfFive]

Trading without knowledge can definitely earn you some gains but I don’t think so anyone should do this because it will not last longer. When a person without trading knowledge starts investing, he invests a small amount at lower price and sells it at higher price. When he earns profit so easily, this leads to the greed and he starts investing more but as he does not have some technical knowledge about how the prices move, etc, he might start losing.

[ivrynx]

Trading without knowledge is dangerous for your finances, just think of this, it is like letting a plumber do surgeries on you, when you are in the hospital, as if you are destroying something that keeps you going. Before you trade you need to gain knowledge first, then the experience will follow, it is far different from the saying that experience is the best teacher, in trading you need to survive first in order to experience along the way, if you also do not invest in your knowledge, it might cost you alot of money, since there is a high chance that you will loose rather than earning, it is not a 50/50% chance, sincethere are alot of coins to choose and you will need to consider the trading pairs and the market is volatile for both.

[canaveralnonie]

Yes, you have advantage if you knowledge on what you're doing for specially in trading. If you knew every situation or details, the means luck you need is just 1% ( almost no room for it ). For me, trading is like, making your self in middle of the war, and the only thing you can do is to get the life of others and survive for the honor and strategy.

[feverpitch]

That's it, you may easy make profit in a growing market like it is now, even if you aren't good in long tem investing.

[Lilianaser]

Trading without knowledge is in my opinion wrong. The people who do this must be because they have been tempted by big profits but do not think about even bigger risks. Yes, it is better if we want to do something must be based on minimal knowledge and we can practice directly. If we already have knowledge about Trading, if someday there is something going on we must have understood what action we should take.

[binghope]

Without knowledge you probably rely on luck. But for the current market we do not have the patience to win, Today's investment in BTC requires us to have in-depth knowledge, experience in the market, so can win.

[hieuho381]

Without knowledge you probably rely on luck. But for the current market we do not have the patience to win, Today's investment in BTC requires us to have in-depth knowledge, experience in the market, so can win.

I do not think luck will help us forever. Each person is only a few lucky to help them escape the tremendous risks. They need to have a lot of economic knowledge to assess the market.
I think the masters of that investment would be Buffett and Graham. Those are the people I admire, they invest with reason and never invest with emotion. They spend more time to learn and invest, I like their diligence and hard work.

[Tungsten-1]

Yes, it is really a bad idea without any knowledge, how can we trade because it is very difficult for us to face the situation of the market. Mainly in crypto, we need a lot of experience in order to make most, so i suggest without any knowledge better stay away from it.

For trading, you need a lot of experience. Knowledge about the market response due to a rise and fall in the prices and the behavior patterns of the investors is of prime importance. Trading without these important things simply leads you to nothing but loss. It is like visiting a strange country without taking a map. You will never be able to reach your destination and would result in wastage of time and money.

[Webetcoins]

Business without knowledge is quite risky. Because you want to business and compete with your competitors, you must have a solid knowledge and experience. Not only does your knowledge require continuous updating of news regularly and continuously, you can win over your competitors and earn as much as you expect.

Trading needs knowledge. You have to compete with others and should learn knowledge for that because the market is full of investors and traders. You have to make yourself able. Start trading by creating exchange account after that go step by step. Step forward and set up the coin in your account a price little high so that someone buys and you earn profit. So trading needs a lot of knowledge.

[Victorycoin]

If you will start trading without any prior knowledge or experience than it will be like a gambling your chance for you to make profit will be equal to your chance of making loss even lower than that.

Trading needs intensive study of market and also you need to watch for every news/update that will broke out.

You will find, out of luck anyone can make some profits, but it takes more than pure luck to sustain any profit made. Without strong and  deep roots in knowledge and ways of trading, the fact of such trader already is foreclosed. That is why you readily see some traders back at one regardless the huge profits they had had, some even had the privilege of starting off with some reasonable bankroll.

[marck31228]

It’s really difficult to improve trading capabilities then you have to gather a lot of knowledge about the market. For this purpose, we may find out a lot of literature regarding this purpose. Basically, trading is totally dependent on the experience and knowledge about market.
That’s why, without knowledge and experience, No one can gain from trading and investment. But it also depends on luck but knowledge is the basic element.

[shesheboy]

Trading without knowledge is still possible but dont expect to earn as much as possible because it is already given that you dont have a proper knowledge on trading but it is never too late to educate your self in regards to trading becauase nowadays there were too many educational and informative post and strategies that you can find and read on this forum bitcointalk.org and most of them can be found at trading discussions board.

[LeaderAMB]

Trading without knowledge is dangerous for your finances, just think of this, it is like letting a plumber do surgeries on you, when you are in the hospital, as if you are destroying something that keeps you going. Before you trade you need to gain knowledge first, then the experience will follow, it is far different from the saying that experience is the best teacher, in trading you need to survive first in order to experience along the way, if you also do not invest in your knowledge, it might cost you alot of money, since there is a high chance that you will loose rather than earning, it is not a 50/50% chance, sincethere are alot of coins to choose and you will need to consider the trading pairs and the market is volatile for both.

It’s much more clear that most of us both can’t get benefit in any work without knowledge. Even knowledge plays an important role in trading and also many other works. I’ve heard many others can get benefit in trading but i think it’s completely groundless, maybe they can take part in this market foremost then I start to research and learn about this field. Let think about someone who don’t have knowledge in trading, definitely they don’t know how to do with it, excepted for trading and getting without money. Also, you have to build skill and experience too, that you can do trading. On a whole, we can’t do trading without knowledge, let have plane to understand about the market before you taking part in this market with investing, trading and the like.

[marck31228]

It’s really difficult to improve trading capabilities then you have to gather a lot of knowledge about the market. For this purpose, we may find out a lot of literature regarding this purpose. Basically, trading is totally dependent on the experience and knowledge about market.
That’s why, without knowledge and experience, No one can gain from trading and investment. But it also depends on luck but knowledge is the basic element.

Also you can study actions of  someone who has experience. Training and  consistency - that's the key to success. https://t.me/bitlevels

[Rkss4]

Trading without knowledge same as a boat or ship without rudder. A successful trading system completely depends upon good knowledge and skills. So be  successful traders must be educated.

[kotajikikox]

Some people have brave heart investing in trading without are very risky it be have a little possibly to earn profits more on loses if not skills didn't knows what their doing, But some other are successful even if nothing knowledge about how to trade i think its called luck guys.

[ArnoldChippy]

Trading without knowledge is dangerous for your finances, just think of this, it is like letting a plumber do surgeries on you, when you are in the hospital, as if you are destroying something that keeps you going. Before you trade you need to gain knowledge first, then the experience will follow, it is far different from the saying that experience is the best teacher, in trading you need to survive first in order to experience along the way, if you also do not invest in your knowledge, it might cost you alot of money, since there is a high chance that you will loose rather than earning, it is not a 50/50% chance, sincethere are alot of coins to choose and you will need to consider the trading pairs and the market is volatile for both.

Yes that is right to say that trading without knowledge is too much risky and there chances that very soon you will lose all your invested amount of money, So it is too much important that if you want to start trading first you need to get some relevant knowledge about trading and after that you should take the step. In fact gaining experience is also too much important in trading, without having good experience i do not think that we can get good profit from trading.