Trading without experience and knowledge

[xSkylarx]

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

I myself have no experience or knowledge in trading before. I just understand the concept of buy low and sell high that time. I tried a small amount at first to get used to it, the failures I experienced became my knowledge on trading. Then I started to watch some videos like fundamentals to improve my skill on it.

I don't advise anyone to do what I did. If you plan to get serious in trading, you should have a proper knowledge first before doing this. Trading is a good source of income but it's not anyone can do because the opponent here is not just the market but also yourself.

[1715272279]

1715272279

[asus09]

Need more patient if you wanna try with trading and experience only is not enough because many trader although have three or four years in trading still panic when faced with price suddenly dump, they can't waiting while when bitcoin or altcoin back to higher price. Many time I see panic moment make you loss everything with assets do you have and you need looking other way to recovery your loss.

[geegaw]

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.

Yes, trading is for all, it is too obvious that money is ours and we can trade according to our preferences, with no knowledge and no experience, just read about how to execute the commands, we could have become a trader but if someone liked this, I just wanted to advise them to take money and go to the casino, what they are doing is just seeking entertainment, not for purposes invest and make money. Success will be indispensable for knowledge and money only more when our knowledge is filled and developed

[Pamadar]

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.

Learning the hardway, from that point if he choose to continue.

Then he needs to do more research and not to repeat the same mistake, that huge amount of money if you are not capable losing, it will push you away from this venue of business, but in the other side, losing so much money will guide you to not to lose more instead it will allow you to build much better strategy and have a much safer trades.

[Kelvinid]

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

Nothing will stop you if you want to trade because it was your decision and it's you also who take the risk (and lose). But if you consider the loss possibility if you don't have any knowledge in trading or even just the basic idea, you will surely not push yourselves I think.

Trading is just simple BUY and SELL, that's it but we never think that it works perfectly (or at least) if we don't have knowledge about this. In fact, even experts will suffer losses even though they have the expertise already, how much more if we don't have any? We are surely got that bad ends.

I suggest you OP to have at least the basic knowledge which is very important. We can learn it anytime on YT or solicit ideas from your friend, it was a big help and the start-up for success.

[South Park]

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.

There is nothing like learning how to trade by yourself, many people want to skip that step and try to get signals and for the most part they unsuspectedly become part of pump and dump groups or they get scammed, it is better to take the slower path, it is not going to be easy but nothing that is worth it ever is, if you learn how to trade and you are able to create a successful strategy then you could even trade as your main job and improve your life that way.

[adzino]

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?

Sure. Everyone can trade. You don't need "experience" or "knowledge" to trade as long as you know how to buy and sell. But, don't expect much. You highly likely won't be making any profit at all. You will lose everything and then this is how you will gain "experience". You will start learning from your mistakes and gain "knowledge".
So yeah, trade without experience and knowledge, but you will start by making a loss. You can minimize your loss if you try to learn about the market first but you will always start will zero experience.

[Ewox]

Yes, you can actually trade without experience or knowledge about trading. Even much better also if you are a risk taker and you are willing to learn of course. I’m pretty sure you’ll learn fast about trading because you are  interested but if you just went with the flow just because everyone is joining the bandwagon then maybe you also have to assess yourself if it is for you or if you are willing to do trading.

[michellee]

It will be hard to trade without experience and knowledge because that is the point for someone to analyze and try to buy low and sell high. He will not be able to buy low and sell high, but he will buy the coin at any random price and he can confuse to determine the price to buy or sell. Experience and knowledge will be an important thing to analyze the coin movements, so when the market moves to any price, you can draw the chart and find the entry and exit points.

[goldade]

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?

Well, trading without experience or knowledge is difficult but not impossible. The whole essence of trading is to be to analyze the market, buy low and sell high. So, if someone is able to buy low and sell high either by chance, luck or signals from a more experienced trader, such person has actually traded without experience.
Trading signals from an experienced trader has its own flaws but it is way better than just randomly buying coins and selling as you won't even know when to buy or sell.
The best thing any trader can do is gather enough knowledge to become good at trading so as to make the most of the market

[milewilda]

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?

Sure. Everyone can trade. You don't need "experience" or "knowledge" to trade as long as you know how to buy and sell. But, don't expect much. You highly likely won't be making any profit at all. You will lose everything and then this is how you will gain "experience". You will start learning from your mistakes and gain "knowledge".
So yeah, trade without experience and knowledge, but you will start by making a loss. You can minimize your loss if you try to learn about the market first but you will always start will zero experience.

Sooner or later you would really be realizing those things that you should must learn and telling to yourself that dealing with this market is really not easy or very hard.
You are right that once you do commit mistakes or lost up money then thats the time you would really be making some research and learning up things that you should
have done when you are just starting up but well experience is the best teacher as we all know.Trading without experience can be done but you can really tell the difference
between an experienced and noob on trading.It would really be noticeable and trading outcome would be the evidence when you do make out comparison.

[Ucy]

Guess you want a trading signal that works for anyone without experience and knowledge? Well, I think something that is possible but I'm not sure if it exist.

You could however trade by yourself without the signal, experience and knowledge, but you'll likely not make consistent profits unless maybe you gain enough experience/knowledge while trading.  I would advice you take very little risk while trading to learn from experience.

[ice098]

Anyone can trade without knowledge and experience but there is a big risk to loos capital. So before enter the trading, we should research market and acquire knowledge about trading.

Everyone could do that, they can get gains and profits as well but they are prone to losses and liquidation, it is like taking to war without preparation and without any firearms that you will be using in order for you to win that war. At first a simple trading plan can be really helpful it will help us to track our trades. Everyone should learn how to trade so we will not panic in our current market situation now especially this time where almost all of the coins are dump.

[doomloop]

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.

Yes, learning various indicators is important and what's more important is learning how the market behaves under what conditions. One thing I can tell to people who are new is about correction. At times when there is a strong bull-run going on, you will notice that once it slows down or stops, there will be a correction which will pull back the price by a small margin. Similarly there are lots of things you learn when you trade for sometime.

Altcoin trading can be risky and not much is there to be learned apart from technical analysis of the project which tells you how the project will perform in the long term and how is the scalability and longevity looking in long term but all these things can't still confirm the success since some owners will just stop working once they have raised enough money.

[Questat]

Trading without knowledge and skill? Well, it is a question by yourself if you can manage to accept the consequences, and I'm sure you know already what mean. Of course, we can still make a trade but the problem is how we do a trade if we don't know anything, maybe we should expect for the worse.

Anyways,
It is just you who made the decision, it is also you who will lose. But I would like for you to open up your mind and be guided. Because if you are aiming to succeed in trading, then make first to gain knowledge, do the basic learning, and most important thing is to make yourself ready.

[darewaller]

Trading is not an easy business, especially if you say without experience or indicators. we just throw unag on the market. believe me you will not profit by not understanding the indicator technically. now I suggest being able to study through books or finding a mentor to help learn trading. I have spent a lot of money in the beginning for trading without knowledge. and can be more economical if I have taken the trading class. I think every country is now available

Even while using indicators, we are not really there yet, we are not doing anything at all if just look at TA and trade accordingly. TA only says what market "should" do but that's it, it can't say what it will do, and I know that some people find that idiotic, but I still find it not enough.

I have talked about this to some TA people and told them when they think it will go down, Elon could tweet something and make it go up, or when you thinking it will go up there could be some government branch that bans bitcoin and it crashes. So long story short I have talked about this kind of stuff many times but they always said you can't make any move at all if that is the case because tomorrow we could die. That wasn't what I am trying to say, the idea is that we should not trade "only" based on what TA says, there are other things that we should be looking at when trading.

[imstillthebest]

yes its possible to trade without experience but not with knowledge . knowledge not necesarily in trading but knowledge can be in general to understand the basics in life .
im not against the trading signals and groups but they should put disclaimers that what they are sharing are not 100% accurate because there are illegal groups that advertise falsely and only wants to grab money from the lazy traders and noobs in trading .

[JooBra]

yes its possible to trade without experience but not with knowledge . knowledge not necesarily in trading but knowledge can be in general to understand the basics in life .
im not against the trading signals and groups but they should put disclaimers that what they are sharing are not 100% accurate because there are illegal groups that advertise falsely and only wants to grab money from the lazy traders and noobs in trading .

You need to have knowledge to have a chance cause even with it it's hard to make good decisions. But for my experience with people they learn the best by loosing money. Those lessons are hard to forget.

[kolbalish]

It's not as stupid as that. In other words, to hurt one's legs. This means that if you come to trade and do not have the knowledge, it can not be. My point is how to experience without knowledge? Not everything can be started with experience but one must have a minimum knowledge of the subject. Despite having enough knowledge, people are struggling to survive in the trading market. The term trading may be small but its scope is huge. Many people do trading but not everyone is a gainer. Adequate knowledge is required to become a gainer and gradually both good and bad will become experiences. But if you don't know, I think it is more likely to be a bad experience.

[bitgolden]

I myself have no experience or knowledge in trading before. I just understand the concept of buy low and sell high that time. I tried a small amount at first to get used to it, the failures I experienced became my knowledge on trading. Then I started to watch some videos like fundamentals to improve my skill on it.

I don't advise anyone to do what I did. If you plan to get serious in trading, you should have a proper knowledge first before doing this. Trading is a good source of income but it's not anyone can do because the opponent here is not just the market but also yourself.

What you did wasn't that bad neither, don't be too hard on yourself, I have seen people who read forums and decide what to buy and sell that day, seriously I have seen very very noob people who have seen that bitcoin became super high, so maybe if they buy some altcoin and that did 10x return as well they could get super rich, so they check the news and some social media channels and they see some altcoin there and they think it will do 10x and they buy it, that is the whole understanding of those people do.

So, you understanding what you should do and testing and trying and seeing the losses as training already puts you above a lot of people. Honestly there are classes online for chart reading and I do not get why anyone who wants to be a trader doesn't focus their time there? It would obviously be something much more profitable in the end.