Trading without experience and knowledge

[Hamphser]

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?

Just like that you are going into a war without a gun and bullet then you are making yourself get killed or suicide.This is just the same when you do jump into this market without proper knowledge
which would only cause for you to lost up money in short period of time compared if you do have any idea on what you are doing then you would be most likely able to survive or sustainable.
We do start on being a noob or doesnt have any idea and there's no one who do start on being a pro directly this is why self engagement would be the key for you to
gain experience because you would gain up knowledge along the way and its just wise for you to learn from it so that you will be aware on what
would you do in next trade that you will make.

[cytpoway121]

Trading without knowledge and experience is like sitting on a time bomb; ofcourse the profits would be massive amongst but then it would vanish too; the same way it has come lol.

To be successful in trading; you must have a trading pattern, process and strategies that guides when to buy or sell or take profit or cut loss. Leaning helps you win alot in crypto currency. You can learn more from the thread  Follow a trading process.

[Viscore]

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

Don't get surprised if you were going to lose because that would usually be happening in a case like this.

No knowledge/experience = no result.

Thus, if you want to have a positive result from our trades, we have to spend time learning (at least) the basic things and tried to apply this in an actual scenario. Yes, it was just the basic steps but we can learn more as we continue to do it. The more experience and exposure we do, the more learning we acquired.

[FanEagle]

If it's a question of "can", then yes you very well can trade without any experience or knowledge. Will you be trading successfully? Then that may be a different matter altogether. Trading blindly is very risky especially when you don't know any indicators or have no idea when is the best time to to enter or make that trade. Not to mention leveraging and margins can definitely make you lose your money. The very least you should know the basics. Some exchanges such as Etoro even have assessments to determine your risk profile.

However, someone who reads tons of books about trading and has attended tons of classes does not always mean he can be very good in trading. Experience is still the best teacher. Not everything can be taught on paper.

That is the funny thing about trading that makes me laugh a lot time to time. Obviously someone who studied trading a lot, like even after years of studying and doing it, still keep studying it, think about it like being a professor of a subject at a prestigious school, you still keep reading to learn more and do not stop, yet you teach anyway while still learning more and more. A very good trader first studies and learns, then starts trading but still keeps learning basically becomes better and better and better.

We all know this person will trade much much better than a newbie, and 99% of the time a great trader will be making a profit while newbie loses money. However funny thing is, very rarely, there are times when a veteran and expert trader loses money on a trade that a newbie made a profit from, and that hilarious if you ask me and shows how trading depends on luck a lot of the times.

[Cling18]

You can actually trade without knowledge but there's no guarantee that you'll earn a good profit since you don't have enough information and understanding about what you're doing. It's necessary that we'll have our own research before entering the world of trading because that's the best weapon that we could have upon entering the battlefield. Trading is a risky thing and we should know how to deal with it or else we might lose our funds. Having knowledge about the technical analysis or at least dealing with the possible changes in the market would be our advantage.

[AakZaki]

Ordinary people can trade without knowledge and experience by guessing, buying at the red price selling at the green price. but remember that the risk of trading in crypto is very high, because the volatility of crypto prices is very high. Knowledge and experience of trading in cryptocurrency is also very important to determine where the market is going. If you want to become a day trader, at least you understand technical analysis and fundamental analysis. Don't force it to look for daily profits if you are still a beginner. Becoming a holder might be more suitable for beginners who don't know anything about trading.
Besides that, psychology is also important. Because trading in crypto will pump up your psychology, to what extent do you put up with the level of stress that is given when trading in crypto.

[TedMosby]

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

Yes you can, it’s called speculation.
But, the gap between gambling and speculation is too narrow (or is it the same thing?).
The only knowledge we must know before doing trading is knowing how to use the trading platform.

But if your question is, “can someone gets profit from trading without experience or knowledge?”,
The answer is, yes they can. But their chance is is lower than the educated and well-trained trader.

But, even a pro trader is a noob trader when they started it for the first time, right?
You do mistake first, and then you will learn.

[cheezcarls]

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?

Impossible. Trading is a skill and you need to learn and have knowledge on it. Just like in school, you don't know how to read and spell words without learning. When I started taking Bitcoin and the crypto industry seriously, I took time studying on how everything works, especially on trading. Although that it may be time consuming to study, but it'll be worth it in the end.

[Oceat]

Yes, everyone can do trading without experience or knowledge, however there's no guarantee that someone would make a good profit with merely an speculation or treat trading as a gambling and most of them are just burning their money. I wouldn't recommend this kind of practice because it has been proven from many traders who do lost a lot due to inexperienced in the field nor knowledgeable enough.

It's best to learn the basics first and always do your own research if necessary because no one is going to a war without a weapon not unless if you are Chuck Norris.

[seleme]

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

Unless it is newbie luck syndrome, having a good run without experience is hard in the long term. The market is volatile and catching the trends on small timeframes is harder than ever on fast-moving markets. Smart traders think about the long-term trading goals and focus on the future vision. The newbie traders will burn the trading capital sooner or later, IMHO.

[lienfaye]

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

Yes but its like gambling since the result is uncertain and likely the worse. Thus dont expect to gain in trading if you dont have idea on what you're doing.

We dont really need to know everything, just the basics for newbies are enough because as time goes by you'll learn it through experience.

So why try to trade without knowledge and experience if you can achieve those if you will take time and not rushing things.

[Yatsan]

Yes of course any one can do trade even without experience but do not expect that the same results will apply compared to those who acquire basic knowledge prior upon engaging into trading. Any one can trade as long as he have funds with him. What will be the difference from the inexperienced, having no knowledge to those who have is that there is a larger risks and no further assurance of them to gain for their capital will be at stake of loss due to the reason that they seems to be gambling their money for not knowing anything on how to do trading. So better be learn at least the basics before doing engagement to lessen and manage the risks associated upon doing trading to obtain profit and not losses.

[Ryker1]

Yes of course any one can do trade even without experience but do not expect that the same results will apply compared to those who acquire basic knowledge prior upon engaging into trading. Any one can trade as long as he have funds with him. What will be the difference from the inexperienced, having no knowledge to those who have is that there is a larger risks and no further assurance of them to gain for their capital will be at stake of loss due to the reason that they seems to be gambling their money for not knowing anything on how to do trading. So better be learn at least the basics before doing engagement to lessen and manage the risks associated upon doing trading to obtain profit and not losses.

Well, I have got your point and you are right there. But I think basic learning on treading is not enough for me, traders must dig more to obtain knowledge and skills in trading. I know it is easy to read articles regarding trading and even watch a video regarding trading strategies and techniques but when you are actual, perhaps it is very hard to acquire. You can do trading without experience but don't expect if you will gain profit because that is not a trial and error that you can simply undo if there is a mistake. It should be worked together, the knowledge and the experience.

[South Park]

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?

Can you do it? Yes, should you do it? The answer is a very loud no, look trading is already hard enough even if you have all the necessary knowledge, but trading without any knowledge is like driving without any training, you will be able to get away with it for some time but then sooner or later you will make a mistake so big that your life will be changed forever, do not risk it, it is simply not worth it, the market is not going anywhere, you can take all the time you need to learn how to trade and finally do it once you are ready.

[Ridwan Fauzi]

Basically no, you can't do anything if you don't any knowledge, yeah at least the knowledge. Although you are following a signal from an expert to trade you will not get anything at the end. There will be sometime when you hold your coin and you just sell the because the coin price is continue to decrease whereas this thing only just a correction.

Because you don't have any knowledge you will make a decision based on your emotional. You will not make a decision based on your rational, because the rational brain will make a decision based on the knowledge. This decision will be made in a structured and systematic manner and even take a little longer to see from various sides. Trading without knowledge is like you are at war but you are not wearing any weapons.

[DJANAS]

Trading without experience is like Gambling, if you are lucky you will won, otherwise you will lose all your money

[gabbie2010]

Trading without experience is like Gambling, if you are lucky you will won, otherwise you will lose all your money

Such a trader will eventually lose all their invested funds in the long run this is based on personal experience I was just gambling while trading blindly, trading is not a thing any Tom, dick and Harry can dabble into without any prior knowledge and experience, internet has enough information with regards to learning how to trade thus creating opportunities for any newbie to sit down to research and learn, practice trading by demoing or via stimulation of trades until profits making is consistent before opening a live account.

[Xinarae*]

Online trading requires a lot of discipline and can be risky if combined with an inexperienced decision to make the business journey of the stock market less risky one needs to have a lot of thematic and tips knowledge. To be successful as a trader it is important to acquire knowledge of how to pick stocks and use successful trading techniques. Trading depends on luck like gambling but experience and knowledge are required to know the exact information of the market if you don't become experienced, you will lose everything.

[Sebas.tian]

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

No, trading is not a something you can join today and start doing it right. Before you can start trading your coins,you must have the experience or knowledge concerning how to trade coins in a particular market not to wast your resources and time.
Many traders got experienced or knowledged from cryptocurrencies forum to enable them to become a good trader.

[Issa56]

When you want to start trading there are lots of basic things you have to learn first you can't just start today and you will be expecting profit immidetly there are some basic things you have to know before starting to avoid lose of funds. You can definitely get signals from different sites but I think is better after getting signals you have to do your research more. Signals are drop by people like you I don't believe you should only depend on signal groups because must of them fail but if you really want to go into cryptocurrency and make money you have to learn some basics things. As a newbie you have to know the strategy that pays you or the one that works for you you don't have to follow others strategy what works for everyone is different. So as a beginner I will advise you to have basic idea before starting trading.