Trading without experience and knowledge

[ritsel02]

Trading without experience is possible but before taking the risk on investing your money, one should learn and ask first those who have more experience on it. Or atleast do a research on the cryptocurrency you wish to invest or trade. It's hard to just automatically jump on trading without atleast basic knowledge on it. If we don't have experience yet, we can learn atleast on others' experience. Trading is so challenging and worth learning though.

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[fullhdpixel]

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

Surely anyone "can" trade because all it requires is an exchange and money which you are ready to trade. But will a trader be successful in trading depends on the experience and how much skills they have got. There are traders who have no prior knowledge, jump directly into leverage trading or futures and lose everything within minutes.

Now even such people will be called as traders even if losing traders and the good thing for such guys is that they learn with their mistakes. The real problem starts when you are trading for the first time but decide to go do it with all the funds you have. Even the most experienced traders are not going with full capital into trading so a newbie never should do that either.

[franco123]

One of the mistake I have done and personally discourage for newbies is to trade and invest with 0 knowledge. Trading, and even in investing to long term, requires proper research and application of studies to make the trade more beneficial and minimize the risk. There are a lot of learning materials to this which are available on the web. As a start, you can also try on getting insights from influential traders but we should also have our own strategy. Learn on how to determine optimal entry points and respect your exit strategies. And when it comes to experience, we should always learn from our trading mistakes and apply it on the next trades possible. Do not be discouraged on loss trades and accept and cut your losses. This is part of the game. You will continue to gain knowledge from your experiences and eventually be able to have the confidence to trade in a more efficient and effective way.

[sana54210]

I can assure you that we will only lose. because we just bought without a basis or technique. trading is not as easy as many people think. here requires an indicator as well as experience. sometimes many who already understand the indicators but are carried away by lust it is also difficult to be able to make profits. people should be more patient to invest in knowledge before they get interested in trading

Involving emotions to trading is the biggest reason why people end up losing money, it is not a smart move to put that much money and faith into your feelings because in the end you will lose, there is no way that anyone could make any profit while there is something valid and tangible they could check but ignore. When trading people should be looking for something like TA, indicators and charts but some people ignore all of that and just buy it whenever they think "it should go up" and that's it, they read it somewhere or heard it or whatever and they have no idea why.

This is why I think crypto is too ballooned up right now and there could be a very terrible fall if these people start losing money considering they are acting with emotions when buying, they could do the same when selling as well which could be terrible for the rest of us.

[lixer]

Without any knowledge and Experience trading is not possible for people’s. We know that crypto trading is not profitable for wrong coin buy selling, so knowledge is must for crypto trading and also new traders can make profit through telegram channel who provide legit signal.         

Actually this is more specific for crypto trading because the market is so volatile and risky that an investment in a wrong coin might lead to damage beyond control while a small mistake like not using stop-loss can also lead to losses. Trading without knowledge and learning is like gambling because you are just trusting your luck and maybe being over confident with it.

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.

Actually profiting in early trading is even worse because it either makes you overconfident in your skills which don't actually exist since you are new and just got lucky or it makes you think trading is easy money similar to how gamblers think when they win. Both of these will lead to bigger losses later so its better to have small loss early.

[acener]

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?

Yes they could but they should also know the risk of what they are doing,
They could still trade there are so many trading groups or signal groups that they could follow but don't expect that they would always gain from it.
They should also be aware of the risk of what they are doing and don't expect too much from it.
The way I see it if they don't have any trading experience or knowledge they are just picking up a ramdom coin and just waiting for it to get pump,
They would also struggle on their decision whether to take their profit or continue and if things didn't go that way they wouldn't have a cut loss point so they could really be in a big trouble.

[vintages]

You can luckily scale through by making some gains from it with no experience. However, to be on a safer side and avoid losing your funds, it's best to have at least some knowledge on how to trade.
At least using a demo account, can be of help. Or even browsing through the exchange also contribute.

[Kocret02]

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?

trade without experience and knowledge as we learn over the ocean. it was very dangerous and very risky for heavy losses. so my best step is that we must have knowledge first so that we can learn deeper into the world of new trading and then the action of trading in real

[Kasabus]

This has been talked about several times and most replies will likely the same "LOSING" will be our ends.

But for OP, if you are willing to take the risk, wanted to venture your knowledge, and test your minds into a thing that you never know before, then have to try this.

We are giving you a piece of advice already and it's up to you to make a decision. Who knows that you were able to make a positive result despite the negativity you've heard.

[Fatunad]

You can luckily scale through by making some gains from it with no experience. However, to be on a safer side and avoid losing your funds, it's best to have at least some knowledge on how to trade.
At least using a demo account, can be of help. Or even browsing through the exchange also contribute.

Thats what you called that beginners luck when you do engage on trading and then it turns out to be profitable then dont get confident because it is really just the market
had coincide on the price that you had expecting on but it not really a good behavior to stick out with this kind of mindset.Practice and try to grasp everything because
trading isnt a thing that can be simply mastered or took grasp completely of a certain person.There's no need to demo though because real or live experience
will be much better to enhance yourself specially on the emotion side of things.

[Jesabela04]

Trading without enough knowledge is like fighting a battle without any weapon, you'll surely lose. It still better that you'll know the importance of technical analysis so you'll have the basis for your trading journey. Trading is actually a long process of learning so the first thing that you have to do is to have the eagerness to learn.

[Sinjokubhi]

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?

In the absence of experience or knowledge, I think it's too risky to do. Unless you are accompanied by a professional to teach you how to trade. Because if you do it alone without any experience or knowledge about trading and you buy or sell currencies without thinking. That will be very risky, especially if you buy a large amount to invest.

Indeed, the long term is more convincing and easier to do for a beginner, but if it is done without knowledge, you will find it difficult to run later, unless you pay a professional to invest your funds. Knowledge to start trading is very necessary, so that you do not have trouble when starting it yourself. It would be better if you were accompanied by people who already have the ability and expertise in this trading field. Because from there you can learn how and the trading process to achieve profit (profit) and manage existing and future risks.

From there you will also gain experience. By studying, starting with a small capital first. Don't be afraid to ask questions, because someone will definitely help you. Don't take the risk of trading right away without knowledge and experience. Because if it's not because of luck, you will suffer losses if you start in that way.

Maybe, that's all from me. Good luck !

[kramat]

Trading is not easy to handle. Without experience and without knowledge you cannot able to trade in the marketplace. If try to without knowledge you will trade you will get loss. So before trade you will learn the trading information. Then easy to trading in the marketplace. Coin price is any time to increase and decrease. So you will know the market price. What time to increase and decrease. So plan to Daikin trade in the marketplace.

[Julien_Olynpic]

Of course, we cannot trade without knowledge. We still need at least minimal knowledge about the structure of the exchange, about how trading works, what margin trading is, etc. Nevertheless, we may well trade with minimal knowledge. In addition, it is well known that beginners and fools are lucky with a profit. But in the long run, most of the newbies lose money.

[asus09]

Without experience and knowledge better trading when bitcoin or some altcoin as your destination have lower price to make without risk, when you get coin really dump you begin have to buy and become your best experience how to get much profit although you less information and knowledge about some coin.

[isaac_clarke22]

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Well surely some knowledge would help like stop-loss and stuff, but when you're holding you're almost up to commit for a really long-term. I really mean really long-term.
As for your query, yes. If you're implying experience with other trading stuffs like stock trading.
In fact a fresh knowledge to trading would be great since your mind would have harder time to adapt from stock to crypto because those two don't work exactly the same.

[electronicash]

there is no way else to experience and gain knowledge but to try it yourself but at least give yourself time to read and how it works. there are several tutorials out there that you can read. learn at least 1-2 indicators to help you decide in buying and selling. you may not be successful at first but you experience it first hand which is important than just asking someone to do it for you.

[ScamViruS]

Anyone can do trading, it does not require trading experience and knowledge. But the important thing here is whether he was able to make money or not. If you want to make a profit through trading, you will need proper trading knowledge. Without trading knowledge you will not be able to trade for long as your entire fund will be at a loss.

When I was new to the crypto market, I came to trade without knowing much about trading, which resulted in huge losses. What I've learned from this is that if you go into something without knowing something good about it, it ends quickly. So I think it is important to know the basics of trading.

[rhodelmabanal]

Anyone can do trading, it does not require trading experience and knowledge. But the important thing here is whether he was able to make money or not. If you want to make a profit through trading, you will need proper trading knowledge. Without trading knowledge you will not be able to trade for long as your entire fund will be at a loss.

When I was new to the crypto market, I came to trade without knowing much about trading, which resulted in huge losses. What I've learned from this is that if you go into something without knowing something good about it, it ends quickly. So I think it is important to know the basics of trading.

I agree on that i see that trading with experience will be a great advantage to trader itself, if we are going to trade without experience we are just like wasting our time and assets, i believe that in trading we need an experience to be more safe, because trading is not a simple work you can earn or loss a huge amount of pofit if you dont do it in a proper way.

[Shasha80]

I remember the story of my friend, who lost up to $ 1000 in 2018 while trying to trade without any experience or knowledge. So from my friend's story,
it can be concluded that we should never try to trade without experience and knowledge, it's just a waste of money. It's better to first learn about
crypto trading, now it's easier than ever to get the lessons we need on the internet.

We can use the google search engine or YouTube platform if you want to learn about crypto trading, or so it's easy to understand everything in trading,
can take online trading courses. It is much more effective because we have a mentor who guides you to trade. Because in my opinion knowledge
and experience are two important things in trading.