Trading without experience and knowledge

[tygeade]

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.

That's truth, I wanted to just correct that "clicking buy and sell" is not the question here, that is not what is being asked. Just like you said trading requires a lot of time, I do not know how many years or so, thankfully I have been only trading in crypto and not traded other things too much (just a bit of stocks purchased but that wasn't trading, I just bought them and hold them) and I can say that I have been quite successful since early days because all I do is just buy and hold, that's me, I do not trade.

If someone wants to day trade for example, you need to be spending a lot of time to learn and just like you said it is something that takes over ad decade to be consistently profiting from it. Hence, I think "anyone can buy and sell as long as they have a PC and internet connection" is not what is being asked here, that is obvious and nobody would ask that.

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[bitzizzix]

In my opinion, it is highly recommended to have sufficient knowledge before trading because trading is full of risks and knowledge to minimize the risks that will be faced.
and that experience will make you more careful not to make the same mistakes about your losses, analysis is needed to choose the right and profitable coins to trade.
I prefer investing over trading because trades other than being risky have to be done on a full time basis.

[geegaw]

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

Agree, we have no experience when we are just getting started but at the very least, we still need to have the right knowledge for trading, rules, shares and analysis and where to source the signal, without one, we still need another to start with, everything can be learned gradually but nothing in the first place, this is just a waste of money. Many people are confident and think trading is a simple but realistic game, failures and the losers are just piling up over time, many experienced people can't keep their money either, don't talk about an outsider and know nothing, failure will be very fast

[josgandosbro]

With out knowledge not easy to trading. Trading is not easy to handle. So Frist you know the trading information. Then start the trading process. Market price any time check. So know the marketplace price changing time and how to increase market price. without experience and knowledge not handle the trading. If try to start you will get more lose. So wait and learn the eventing then starts. Then easy to handle the any trading issue.

[South Park]

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!

Exactly, it seems that some people believe that if you train and you study you can perform any activity that you want and while I would like to believe that in my experience that is not true, there are some people that no matter what they do they are never going to become good at a particular activity, and when we take into account that trading is in fact very difficult and that no only you need great knowledge about the markets but also you need to have mastery over you emotions then there are some people for which the best option is to never trade.

[JooBra]

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!

Exactly, it seems that some people believe that if you train and you study you can perform any activity that you want and while I would like to believe that in my experience that is not true, there are some people that no matter what they do they are never going to become good at a particular activity, and when we take into account that trading is in fact very difficult and that no only you need great knowledge about the markets but also you need to have mastery over you emotions then there are some people for which the best option is to never trade.

For trading you can have all knowledge but if you can't control your emotions it wont work out for you. Emotions play a big part how much are you getting from trades. It's good to have it in control.

[nioctib.co]

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.

That's truth, I wanted to just correct that "clicking buy and sell" is not the question here, that is not what is being asked. Just like you said trading requires a lot of time, I do not know how many years or so, thankfully I have been only trading in crypto and not traded other things too much (just a bit of stocks purchased but that wasn't trading, I just bought them and hold them) and I can say that I have been quite successful since early days because all I do is just buy and hold, that's me, I do not trade.

If someone wants to day trade for example, you need to be spending a lot of time to learn and just like you said it is something that takes over ad decade to be consistently profiting from it. Hence, I think "anyone can buy and sell as long as they have a PC and internet connection" is not what is being asked here, that is obvious and nobody would ask that.

Yes, investing and trading has different definitions, unfortunately most people couldn't differentiate it. When buying and hold, you just need to have positive outlook on certain products, that's call investing. I am pretty sure the question was "Trading without knowledge and experience" instead of "Trading Profitably Without Knowledge and Experience". So I think I gave the most nearest answer which is, "Yes, as long as you understand what is BUY and SELL, with internet connection, then you are good to go". If someone with common sense and really serious for getting more in depth into trading, this is not the correct question to ask. This question is similar to "Can I fly a plane and become pilot before going for my PPL or CPL License". You can't fly a plane without PPL license but you obviously can simply click BUY and SELL without knowledge and experience.

[k@suy]

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.

As a newbie trader we are all came from scratch, without ann experienced but i guess the knowledge about what you're trying to pursue with should be there. No one started as a pro trader, we always start from the bottom but we should know first the basic of trading, how to trade and the other many how's that we have in mind could only answered through the process. It might be risky but every successful trader did take the same risk as what trader serve to every newbie.

[chikading2016]

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.

As a newbie trader we are all came from scratch, without ann experienced but i guess the knowledge about what you're trying to pursue with should be there. No one started as a pro trader, we always start from the bottom but we should know first the basic of trading, how to trade and the other many how's that we have in mind could only answered through the process. It might be risky but every successful trader did take the same risk as what trader serve to every newbie.

I agree on that everyone always start as a newbie and nobody here become an expert without taking a risk on trading without  expeience. The only thing we need to do as a newbie trader is to always trade a small value coin or token for you are still in a learning stage, because trading in big asset without any experience may result to lossing so we need to be wise.

[zanezane]

What you are mentioning is a recipe for a disastrous and debt-ridden life, knowledge is power always remember that and experience is what shapes you in that career which can resolved by trading itself, having no knowledge though will make you do uninformed decision and most of the time stupid ones that will cause you some money. Always learn and gain knowledge, experience can be acquired through doing the thing but doing without knowledge will be difficult for you to gain experience, they go hand in hand.

[jostorres]

As a newbie trader we are all came from scratch, without ann experienced but i guess the knowledge about what you're trying to pursue with should be there. No one started as a pro trader, we always start from the bottom but we should know first the basic of trading, how to trade and the other many how's that we have in mind could only answered through the process. It might be risky but every successful trader did take the same risk as what trader serve to every newbie.

There are differences from the starts as well, that is what some people do not realize. There are people who have been in the finance industry for decades and they start in crypto world and yes they learn, the examine, and they get better as well but they do that basically with putting less time and just using their experience into it, that is why it is not something that would be suggested for others to do like them, even if they advise you to do something, you should do 2x of that because they think it is simple whereas it is not simple for people like me.

I have spent years upon years getting better and I am nowhere finished getting better, I am still not there, I am profiting now but I spent countless hours becoming like this, why? Because before this I wasn't even good in math, now I am a bit better in math thankfully but it was really a big task to get here for me.

[Pom_bensin]

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?

trading without experience and knowledge will only waste money. trading has a mysterious scheme and we are required to be smart in doing analysis. so if only hope for luck I think I will lose, and it is necessary to leave. there must be training and experience in trading

[passwordnow]

I agree on that everyone always start as a newbie and nobody here become an expert without taking a risk on trading without  expeience. The only thing we need to do as a newbie trader is to always trade a small value coin or token for you are still in a learning stage

I think that should be always start with a small capital. If you want to gain experience, you have to experience what real trading is but if not, there are demo accounts that a newbie can always choose just to have the touch of trading and how it looks like and how it goes.

because trading in big asset without any experience may result to lossing so we need to be wise.

Big asset, you mean those coins that have huge market caps? a newbie won't have that much already as they start and they're fine trading those big assets you say as long as their capital is tolerable.

[Zemomtum]

Trading without experience is just a natural disaster. Fingers will burn over and over again. Learn the rudiments of trading and be conversant with both fundamental and technical before jumping inside the train, all these take a minimum of 2 years to be confident.

[South Park]

Exactly, it seems that some people believe that if you train and you study you can perform any activity that you want and while I would like to believe that in my experience that is not true, there are some people that no matter what they do they are never going to become good at a particular activity, and when we take into account that trading is in fact very difficult and that no only you need great knowledge about the markets but also you need to have mastery over you emotions then there are some people for which the best option is to never trade.

For trading you can have all knowledge but if you can't control your emotions it wont work out for you. Emotions play a big part how much are you getting from trades. It's good to have it in control.

Emotional control seems like a skill that is not really that useful but when it comes to trading is critical, I have seen many times people with a strategy that in theory has a chance of making profits on the markets but when the time comes to use their strategy they get cold feet and they do not do it, basically they either get afraid or too greedy and the trader is unable to close his positions or open new ones when he is supposed to do it, and without that emotional control no matter what strategy you use you will lose money.

[TheGreatPython]

What you are mentioning is a recipe for a disastrous and debt-ridden life, knowledge is power always remember that and experience is what shapes you in that career which can resolved by trading itself, having no knowledge though will make you do uninformed decision and most of the time stupid ones that will cause you some money. Always learn and gain knowledge, experience can be acquired through doing the thing but doing without knowledge will be difficult for you to gain experience, they go hand in hand.

That's right, if you have no knowledge and no experience that means you are swimming with the sharks with no cage and very hungry sharks as well, in this case more like whales. If anyone wants to make any profit from trading they have to realize that the best way to do it would be to learn, learning will provide you with a lot of profit in later stages, one way or another, it might be very quick or it might be very late but you will profit from learning and that takes time, there are no shortcuts, there are no ways to just learn a quick scheme to make money, you have to actually spend time to learn.

After you learned, you start trading small time and you gain experience, the more you trade the more you profit and that is how you profit. That is why both of these are very important for anyone that wants to make profit from trading crypto currencies.

[ice098]

Emotional control seems like a skill that is not really that useful but when it comes to trading is critical, I have seen many times people with a strategy that in theory has a chance of making profits on the markets but when the time comes to use their strategy they get cold feet and they do not do it, basically they either get afraid or too greedy and the trader is unable to close his positions or open new ones when he is supposed to do it, and without that emotional control no matter what strategy you use you will lose money.

As a newbie trader i know that we are all came from scratch, without any experience about it. But of course as a newbie, we were never going to enter in a battle withouth any knowledge about it, about trading. To be able to teach ourselves how to trade we were going to engage in a battle where the only weapon we have is our basi knowledge because expertise and skills will only be gain through the process, there's no other way than taking the risk to be able to learn.

[matchi2011]

Exactly, it seems that some people believe that if you train and you study you can perform any activity that you want and while I would like to believe that in my experience that is not true, there are some people that no matter what they do they are never going to become good at a particular activity, and when we take into account that trading is in fact very difficult and that no only you need great knowledge about the markets but also you need to have mastery over you emotions then there are some people for which the best option is to never trade.

For trading you can have all knowledge but if you can't control your emotions it wont work out for you. Emotions play a big part how much are you getting from trades. It's good to have it in control.

Emotional control seems like a skill that is not really that useful but when it comes to trading is critical, I have seen many times people with a strategy that in theory has a chance of making profits on the markets but when the time comes to use their strategy they get cold feet and they do not do it, basically they either get afraid or too greedy and the trader is unable to close his positions or open new ones when he is supposed to do it, and without that emotional control no matter what strategy you use you will lose money.

Correct as even those who already have the experienced still suffer from the same thing,
they plan ahead of time and thinks that everything will work accordingly.

But when the time the market move either favored them or against them, the plan just simply forgotten due to greed or fear, that
same thoughts simply lose their opportunities to enjoy their potential success.

[taufik123]

Being a beginner and trading without experience will certainly be very risky to lose
. Trading requires at least basic knowledge of trading. Some beginners who ask me about trading I aim to learn the basics of how to trade because it will be very helpful even though they don't fully understand the analysis and fundamentals.

and Greed is also a problem for some people not just beginners. When the price starts to go up high forget to sell at its target and immediately raise it. and in the end the price continues to fall and continues to fall, sorry in the end.
Planning when trading must be strictly followed, selling some coins when it is high and setting aside a little is the right way.

Plans must be carried out and adhered to. However, some plans are not what we expected.

[AicecreaME]

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

I think this is the step 1 and step 2.

Everybody starts without any experience, that's why he start to do it to gain experience. Second is knowledge, while you are doing Trading, you're learning how it works, you'll be curious about how you'll make profits on it therefore you search for the solution to solve that problem. So yes, anyone could trade without any experience because that's going to be given in the process of getting to the part where a certain individual will become a professional trader.