Trading without experience and knowledge

[Rehan Zakir]

Everyone newcomer can trade. But trading with a small amount. Trading is not an easy job. But it is not impossible to learn. Everyone can become a good trader by practicing. Experience has taught man a lot.
Man makes many mistakes without knowledge and experience. So, don't lose hope and keep trying. One day you will succeed.

[Spaffin]

Everyone newcomer can trade. But trading with a small amount. Trading is not an easy job. But it is not impossible to learn. Everyone can become a good trader by practicing. Experience has taught man a lot.
Man makes many mistakes without knowledge and experience. So, don't lose hope and keep trying. One day you will succeed.

in fact, everyone who makes mistakes has a corresponding experience. it is very good if a beginner learns not only from his own mistakes, but also from others. a beginner can learn a lot of information from various youtube channels, but only in practice will he be able to hone his opinion. I always advise beginners to use scalping for trading, as it is one of the easiest strategies for trading cryptocurrency, and you do not need to have a large start-up capital.

[Lanatsa]

Everyone newcomer can trade. But trading with a small amount. Trading is not an easy job. But it is not impossible to learn. Everyone can become a good trader by practicing. Experience has taught man a lot.
Man makes many mistakes without knowledge and experience. So, don't lose hope and keep trying. One day you will succeed.

in fact, everyone who makes mistakes has a corresponding experience. it is very good if a beginner learns not only from his own mistakes, but also from others. a beginner can learn a lot of information from various youtube channels, but only in practice will he be able to hone his opinion. I always advise beginners to use scalping for trading, as it is one of the easiest strategies for trading cryptocurrency, and you do not need to have a large start-up capital.

I don't see for scalping to be the easiest way of trading knowing that you would really be engaging with the market on an active manner which means
risk is more higher compared to those who decided up to hold up their position and wait for pump instead.

Trading without knowledge is really something that you cant really go from nowhere.You don't have any basis and just purely relying on luck
or good calls but for sustaining yourself in the market then this is impossible

Think of it that even experienced ones do lost up, how much more to those who aren't?

[sayaya17]

Although there are many trading signals today, which can help make a profit without experience and knowledge, but still the knowledge of crypto
is much needed by traders. This will not make a success for a trader if it relies only on trading signals  only. Because not  all  trading  signals help
a person succeed and not all trading signals are 100% accurate.

[elisabetheva]

Experience and determination are the most important things in trading compared to just talking a lot, just wanting to know from other people the way, so it's wrong, still we have to have experience and failure to reach a pattern point that is understood in trading because I know everyone is different opinion in market analysis at their desired condition.

Even though I studied myself how to trade profitably, there must still be a disciplined pattern, that's where it must be understood and greed can also make us misstep when any move there must be a target so stop losses are ready when the market is bearish.

I am pleased with what you say about the experience and failure to achieve an understandable point pattern in trading. In fact, I really underline about failure, usually people who learn from the beginning and experience failure will make it even more resilient in the future. the experience of failure will make us better prepared not to fall a second time into the same error hole. that's where the ethics of learning is so that we get to know the abilities that exist in ourselves.

Patience and discipline to continue to be applied in every step of what we will do and do not be too greedy with what has been obtained because greed can also blind yourself to the situation. learning will never stop to strengthen self-confidence.

[fahmimajannat]

Trading without experience and Knowledge is quite hard. You need at least one of this.
There is 2 kinds of people.
First movers and fast movers. If you can't be a first mover than become a fast mover.
Learn and gain knowledge daily. So that you can over the lack of experience problem.
So you need at least knowledge.
Otherwise everything will depend on luck.

[Rasel5209]

If you don't have any experience and knowledge about crypto. I suggest don't invest your money. You can invest small amount for known about crypto.

[israt1@]

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?

I don't think it's right to do anything without an idea. Anything you do will lead to destruction. So decide what you want to do first and get the right idea. Come and benefit.

[South Park]

It is like going into an exam hall without knowing what to write. Yes, it is as bad as that. How can you start trading without and experience or knowledge of how to go about it.

Indeed. How can start trading without we know about it first, at least we must learn basic trading knowledge, right?
Only a careless person will do it, trading without knowledge. Even you are a newcomer, you must worry to make a mistake, that's why you need sufficient knowledge. It is a very stupid idea to trade without knowledge, yeah like going exam without learning. This is something crucial to do, a basic thing that can determine what the result is on your trading.

That should be the common sense decision for most people and yet that is not what we see, you need to understand that people are lazy and they do not want to make the effort necessary to learn how to trade by themselves, they believe they can take shortcuts and we know this is simply not the case, 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.

[CaVO32]

If you have no idea of trading and you have started trading then you are going to lose. But, by losing you will gradually gain some experience. It's certainly not an ideal way to learn. But a lot of people do gain knowledge and experience in trading in that way.

But it is possible to trade without experience, just like most of us here when we were just starting in crypto. But you can minimize your losses, if you use only small funds as you are gaining knowledge how to trade with crypto. And I am sure, some of us, lost some money when we were just starting. That's when you gained your first lesson. And whatever technique you acquired, you will carry it when you move forward. So don't be afraid to make your first crypto trade. Just use small money to start with.

[raji1995naya]

Most of the traders are popping up in this season. The reason they see some news or gossips and see that these crypto investments are easy way to become rich. In other words, they are thinking this is easy money. Those are the guys who lose their money and then scolding crypto is a scam. Any trader or investor should have basic knowledge about crypto. Trading is a psychological game. You wouldn't be able to make any profit without knowledge. Sometimes luck will give you chance but it's not working for every day.

[Innerpumper]

I think it's the same as gambling, when we try to get in without doing research we'll never know the direction of movement. it takes curiosity about some of the trading terms that exist inforex, such as reading support and resistent charts as well as some additional indicators. Some of the signals we get from telegram channels are not entirely accurate we have to keep doing analysis according to us personally.

[Kittygalore]

Trading without experience is a bit of a conundrum because how can you get an experience when you don't trade so I would say that trading without knowledge is a bad thing because you might encounter preventable situations if you have a knowledge of it but that can easily be solved as you can just read books and advices about trading.

[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.

[k@suy]

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.

Before I can trade without realizing my profit if I will still hold unto that money, many of my coins before are now on the moon if only I learn how to trade and I study first the market before , it is really hard to learn different things in trading because we can be wrong sometimes and experience losses but still this will account and considered as experience so let us study the market now because this is the right time for it.

[coiner-88]

This market is truly capricious and on the off chance that you do truly prefer to support yourself or being fruitful, you would truly be requiring these stuffs. Experience wont be acquired until you connect with or exchange up and abilities wont be form up on the off chance that you don't excited yourself to learn and obviously those would truly. Exchanging has a ton to do with perusing and understanding the diagrams, had the option to decipher it to anticipate the heading of the market at any rate increase of the time and not simply betting on the bearing the market is probably going to move.

[Hilde Maa]

I have very little money now you can give me any tips on how I can invest

[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.

Before I can trade without realizing my profit if I will still hold unto that money, many of my coins before are now on the moon if only I learn how to trade and I study first the market before , it is really hard to learn different things in trading because we can be wrong sometimes and experience losses but still this will account and considered as experience so let us study the market now because this is the right time for it.

It depends. I believe all people same as you including myself. I know the existence of Bitcoin since 2013 when that time we only mine with Asic USB miner. I bought 2 and started to mine but gave up because at that time, those new machine keep coming and anything you bought will depreciate very fast before you hit BE. I put almost USD 5k to buy about 48 pieces instead of mining at the price of around USD 110-120. I sold everything at USD 980. I am already a millionaire if I just leave it. Nobody can predict future. All I can say is trading is not as simple as BUY or SELL, both have different definition between TRADING and INVESTING. You need a lot of skill in trading, you just need positive outlook if investing.

[nioctib.co]

I have very little money now you can give me any tips on how I can invest

When majority on buying frenzy, you don't buy. When majority scare to buy, that's the time you want to buy. Whenever there's a trend in BTC, newbie wants to hop in regardless what's the price are, but in fact they are already late to ride in. I remember the last trend from 6k to 7k, up to the moon to 20k, the crowd start to become crazy getting in. The price goes all the way back down and range at 10k +-. If like few k to invest now and you have positive outlook on Crypto, I will say build your own small rig and go mine Ethereum. You are more likely to go BE at 6 months +-. After BE, you are printing your money with the machine. If anything goes wrong, you can still easily cut losses by selling all those GPU. Forget about short term trading, it's not suitable for everyone and there's no easy money in trading.

[Pamadar]

Trading without experience is a bit of a conundrum because how can you get an experience when you don't trade so I would say that trading without knowledge is a bad thing because you might encounter preventable situations if you have a knowledge of it but that can easily be solved as you can just read books and advices about trading.

Knowledge is indeed can acquire before starting your trading activities.

There are many ways to understand and how to work with trading business, you just need to seek for available information as it have a lots of venues espcially now that internet is  widely used all over the world.
Do your research and start moving forward, you'll be able to  see if trading is good for you, who knows what might be the outcome till you try  doing it.