Trading without experience and knowledge

[Gaaara]

You can always trade without a proper knowledge about how market works but it doesn't usually end well, without knowing the mechanics of the market lowers the traders success of getting any profit with just buying and checking if anything comes out of it is the worst case scenario on traders, because it can be considered more as a gamble than trade since you buy hoping only on the chances of it going up not considering the factor of when will it go up or when should one buy.

I did it when I started hearing about cryptocurrencies the first time and it did not end up well, the reason is that I constantly check the markets movement, and the feel of regret every time my assets goes a bit lower is preventing me to gain any profit at all.

[1715131160]

1715131160

[1715131160]

1715131160

[batang_bitcoin]

Trading and investing without knowledge and experience such like as a rudder with it's goals. In trading system, a fresher can't get enough profits or benefits without losing. When I was a beginners then I lost huge amounts of money due to lackness of knowledge and experienced.

It is common for newbies to lose. It has to happen because everyone got into it and everyone have their own start. And when we're starting, we lack of experience and knowledge but as we move on and go forward. We're gaining those things when we continue.

But now I have enough knowledge about cryptocurrencies trading, market and coins futures development. So now I can benifit.

That's good and you can trade now without having a worry of losing because you can execute your trades correctly and you can decide for yourself.

[South Park]

Trading without experience and knowledge means putting yourself at a disadvantage by doing this you will bring your own loss. You will not be able to gain anything but you will lose as much as you invest every crypto trader has achieved success by analyzing the market by applying his own intellect. Therefore first acquire a good knowledge about the market and then trade it is not possible to do business without experience.

It really seems to me as if people are completely oblivious to the nature of the markets, maybe if we use an example people will more easily understand, suppose two people want to run a marathon and one person trains during 6 months to be able to run the marathon while the other person does not, who do you think has a higher chance of winning? The one that trained of course, people need to understand that they are competing against traders with years or even decades of experience and if they do not want to have such a huge disadvantage they need to learn otherwise they are just giving their money away.

[iv4n]

if you want to earn profits there is no other way but to develop your own strategy and if you do not want to do it there is no problem you just need to avoid trading completely.

I think avoiding trading isn't the proper solution. As long as you still have the ability to learn, why not learning to trade properly from any sources. You only can develop a strategy once you have sufficient knowledge and experience. While the first step of improving strategy is learning all about trading, including the market characteristics.

Luqman, avoiding trading is the best possible solution for some people...after all trading is not for everyone! No matter how much some people try, they will always suck in trading, and that means some people will just lose money and it's better for them to not get involved in trading! For some people simple buying & holding is the best possible strategy!
We all have to start somewhere! At first, without any experience, with things we learned around (at least people who do at least some research before they join), it's on us to try and see how it goes for us!

[Kimonoe]

I think without knowledge and experience it is like gambling. experience, psychology, technique, must be present in the trader. with this, traders can survive in the world of trading. different from gambling, I don't think they can last long in the trading world

[tygeade]

Of course you can trade without experience and knowledge. It's simply either BUY or SELL. But if you want to achieve consistency profit in trading, that will take many years of experience and knowledge. Furthermore, it depends what sort of strategy you want to use to approach the market.

If you prefer more aggressive style of trading, then go for technical analysis and look for speculative or naked trading (Most newbie starts from here).

If you prefer more conservative style of trading and risk diversification, then go for hedging strategy which needs more math approach. You have to familiarize yourself with Delta, Gamma, Volatility etc., how to manage your daily position and profit mainly derive from market volatility.

Honestly you are sort of wrong. You "can" trade without experience and knowledge but that is not people are asking or discussing here, they are not really profiting if they trade without any experience or knowledge so what you are saying that "if they have access to a computer and an internet, and if they can read and write, that means they are capable of starting an account and trading", do you really think that could be the thing we are discussion here? The "ability to operate a computer"? Could that possibly be the situation?

Trading without experience and knowledge is something that will lose you money, you will not profit unless you are very lucky and that is why I think people are looking to profit from crypto by learning how to trade first. I believe it is going to be a tough situation if we lack everything and still trade just because we "can".

[Questat]

I think without knowledge and experience it is like gambling. experience, psychology, technique, must be present in the trader. with this, traders can survive in the world of trading. different from gambling, I don't think they can last long in the trading world

Experience can be earn, but knowledge is a must and every newbie needs to know what they are doing before they start trading. It's a risky activity as it involves money and anytime you may lose if you don't pay enough attention on trading, long term trading and short term trading, both needs the require knowledge but short term trading demands more knowledge in order for a trader to succeed.

[nioctib.co]

Of course you can trade without experience and knowledge. It's simply either BUY or SELL. But if you want to achieve consistency profit in trading, that will take many years of experience and knowledge. Furthermore, it depends what sort of strategy you want to use to approach the market.

If you prefer more aggressive style of trading, then go for technical analysis and look for speculative or naked trading (Most newbie starts from here).

If you prefer more conservative style of trading and risk diversification, then go for hedging strategy which needs more math approach. You have to familiarize yourself with Delta, Gamma, Volatility etc., how to manage your daily position and profit mainly derive from market volatility.

Honestly you are sort of wrong. You "can" trade without experience and knowledge but that is not people are asking or discussing here, they are not really profiting if they trade without any experience or knowledge so what you are saying that "if they have access to a computer and an internet, and if they can read and write, that means they are capable of starting an account and trading", do you really think that could be the thing we are discussion here? The "ability to operate a computer"? Could that possibly be the situation?

Trading without experience and knowledge is something that will lose you money, you will not profit unless you are very lucky and that is why I think people are looking to profit from crypto by learning how to trade first. I believe it is going to be a tough situation if we lack everything and still trade just because we "can".

There's no absolute answer for this question. I believe most people think the same way because it's just simply BUY or SELL and as long as you have internet, that's easy. When you want to achieve profit, they thought simply buying a course from internet and they become expert in couple months time. I am 15 years in financial world including stocks, bond, derivatives, CDS, CDO and my best expertise in Exotic Options and Structure Notes which most retails trader didn't even heard before. Most of my friend always ask me the same question and I always will give 1 advise, don't even try unless you are willing to put 5-10 years in before even thinking about consistency profit. You are consider great if you can in BE position after 3 years of trading. Simply think this way, a professional trader earns more than a doctor or lawyer. Do you think they can become a doctor or lawyer in 3 months time? Sorry for telling the truth but that's the real situation in trading world. You are going a battlefield against all other experts with far more experience and high-technology equipment, never think it's easy to get into trading if you are not going to put in a lot, I mean lots of effort.

[Maslate]

....

In your opinion, can someone trading without experience or knowledge?

Asking can someone? Yes, of course. All are welcome either you have knowledge or nothing, as long as they wanted to be in trading.
If you only want to easily get rid of all your money, this is the best thing to do. You can't expect good for that situation but all of the big losses. And people just have to know the consequences before they tried it and so no regrets to happen after.

[carlisle1]

....

In your opinion, can someone trading without experience or knowledge?

Asking can someone? Yes, of course. All are welcome either you have knowledge or nothing, as long as they wanted to be in trading.
If you only want to easily get rid of all your money, this is the best thing to do. You can't expect good for that situation but all of the big losses. And people just have to know the consequences before they tried it and so no regrets to happen after.

Everyone are free to whatever they've wanted to do when they enter this business,
with or without experienced as long as they can read and follow the exchange rules
and regulations they can simply proceed and start dealing with their trades.

Expect that Regrets will come after  losing their invested money, that's reality to those who did not do their own DYOR before entering the market.

Depends from how you see your own potentials, the business is really wide and there's a lots chances to everyone.

[hahay]

Impossible, but once or twice maybe it's fine but not forever, because over time you have to understand everything. In the past I was only required to know how to buy and sell simple at the beginning regardless of price trends at the same time and it did go smoothly, but after realizing there was a good price trend for buying and selling, I realized that the trades I did at the beginning were wrong and no profit at all but only the return that loses. So for me, it is impossible for us to take in trading if you do not have knowledge, because at least knowledge is the most important thing for you to eventually build experience.

[Rexler]

Trading has become an activity that is often carried out by cryptocurrency enthusiasts, when you hold coins you are indirectly required to understand how to trade, at least how to sell and buy on exchanges is general knowledge that every cryptocurrency enthusiast must have.

But as the cryptocurrency ecosystem develops, there are lots of trading signals that eventually make many cryptocurrency enthusiasts who have no experience or knowledge of trading try to trade in order to find daily profits.

In your opinion, can someone trading without experience or knowledge?

Of course, trading just about buying and selling so once they know how to buy and sell, they can easily follow the trade signals given to them, but tbh following those signals won't get them anywhere they will be stuck at just buying and selling phase and won't be able to do an F.A to make their own trade decisions, so having knowledge and experience about trading us very vital, after all the trading signals might stop coming someday and you only have yourself, so it's much better to trade and have the experience than trading with those trading signals.

[djmixen]

Trading has become an activity that is often carried out by cryptocurrency enthusiasts, when you hold coins you are indirectly required to understand how to trade, at least how to sell and buy on exchanges is general knowledge that every cryptocurrency enthusiast must have.

But as the cryptocurrency ecosystem develops, there are lots of trading signals that eventually make many cryptocurrency enthusiasts who have no experience or knowledge of trading try to trade in order to find daily profits.

In your opinion, can someone trading without experience or knowledge?

You are absolutely wrong with these thoughts Because if any traders don't have knowledge and experience, they were definitely no
chances for them to earn nice in trading. Where did you get this thought? Trading has no difference with the students who study to learn a lot of things to feed knowledge. And in every mistakes, I know for a fact that we always learn from it.

[Wawa2013]

I think trading without knowledge and experience will only make us lose a lot of money. Because the percentage of successful trading without
knowledge and experience is very small. So don't ever trade before making preparations, therefore most people who fail to trade because they
don't know how to read the market. Now it is very easy to get knowledge about trading, there are lots of videos on YouTube that teaches how
to trade properly.

[cabron]

I think trading without knowledge and experience will only make us lose a lot of money. Because the percentage of successful trading without
knowledge and experience is very small. So don't ever trade before making preparations, therefore most people who fail to trade because they
don't know how to read the market. Now it is very easy to get knowledge about trading, there are lots of videos on YouTube that teaches how
to trade properly.

I wouldn't so bad to get a bit of experience actually after learning just a bit of how things work. I wasn't very sure of what I was doing back then until I tried buying coins and then tried selling after a day. Watching the youtube tutorials can help, I', doing it myself up even today I still watch videos on youtube and learn from the guys in crypto who do a lot of vlog analysis to the market. They are sort of giving signals for their fans.

[Golftech]

Trading has become an activity that is often carried out by cryptocurrency enthusiasts, when you hold coins you are indirectly required to understand how to trade, at least how to sell and buy on exchanges is general knowledge that every cryptocurrency enthusiast must have.

But as the cryptocurrency ecosystem develops, there are lots of trading signals that eventually make many cryptocurrency enthusiasts who have no experience or knowledge of trading try to trade in order to find daily profits.

In your opinion, can someone trading without experience or knowledge?

Of course, trading just about buying and selling so once they know how to buy and sell, they can easily follow the trade signals given to them, but tbh following those signals won't get them anywhere they will be stuck at just buying and selling phase and won't be able to do an F.A to make their own trade decisions, so having knowledge and experience about trading us very vital, after all the trading signals might stop coming someday and you only have yourself, so it's much better to trade and have the experience than trading with those trading signals.

Better to learn it by yourself than relies with someone as like what you said that it will stop

sooner or later, and not all or more on that signal providers ain't going to work. You should

do your own research and study before taking this business as venue or additional sources of

income,. It takes time, but you always have everything if you'll seek deeply and have the right

attitude towards your goals.

[cryptocointrade.com]

Everybody has to start somewhere so, Yes, anyone can start trading without experience

Also remember, trading is not for everyone. You need to control and weigh fear against greed all the time.

I would recommend to start trading with Morpher.

Why?

1. You get 100 MPH tokens for free (real tokens). They are worth about $4 today
2. Their trading platform is very easy to understand
3. You can trade with a real account (Many people prefer to start with a demo account but you cant learn about controlling your fear/greed in a demo account)

[molsewid]

I think trading without knowledge and experience will only make us lose a lot of money. Because the percentage of successful trading without
knowledge and experience is very small. So don't ever trade before making preparations, therefore most people who fail to trade because they
don't know how to read the market. Now it is very easy to get knowledge about trading, there are lots of videos on YouTube that teaches how
to trade properly.

It was a total risk taking without any reason to hope for a good return in case because in trading we are all depend on our skills and knowledge on how to deal with it. Though an experience may only gain if you will try it out first because we as a newbie trader did try it without a proper experience or either really had an experienced already right but what we have on our first landed on trading as a weapon was our knowledge about it, and how to deal with it and so on.

[bitcoin31]

You can start trading without knowledge or experienced but you need to learn some basic because how you will trade a coin if you are do not have some knowledge. Having information and knowledge to the trading is your advatanges to know what is the coin that is good to buy and what do avoid a coin and the market possible price and the others once you have it you can increase the possibility of earning money.

[thesmallgod]

You can trade without experience because every trader you see today starts one day. However, you cannot trade without knowledge. You need the knowledge to know the functions of trading tools and how to make use of them in order not to make trading mistakes. It becomes simpler especially since there are many crypto trading demo account today where you can practise how to make use of the tools to trade. In conclusion, as long as you start trading with the knowledge and understanding you have learn, with time you discover that you are making better decision. This is because of the lesson you have learnt that is further regarded as an experience