Trading without experience and knowledge

[blockman]

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.

That depends on the trader. If he's confident enough and can prove himself even with having the experience of less than a year, it's his decision and there's no such requirement that's being required if it's about the experience.
As long as the experience that a trader have is a long and valuable one, there's no one that can stop them from doing what they want even with less than the year you've said.

[angrynerd88]

Really usually more particular for crypto exchanging since the showcase is so unstable and hazardous that an speculation in a off-base coin might lead to harm past control whereas a little botch like not utilizing stop loss can moreover lead to misfortunes. Exchanging without knowledge and learning is like betting since you're fair trusting your luckiness and perhaps being over certainly on it.There is need of knowledge and experience before starting trade.

[semobo]

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 signal groups are scam so don't get deceived, almost everyone knows how to buy on an exchange because that is how they used to have their first cryptocurrency or atleast it can be learnt using simple Google search.

If someone wants to be a regular trader then they need to have skills on analysing the charts and back-up plans if they lose their capital.

[Darkelf11]

Trading without knowing is big trouble it's like you are giving money to the trading website you are using I think no one would like to do that. If you make a trade I think it's giving you knowledge or experience. If you fail you learned. If you succeed you learned. Well, it costs too much if you just want to earn experience. One of the best ways is still to increase your knowledge every time and don't get too much to settle on those simple things you have.

[geegaw]

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 signal groups are scam so don't get deceived, almost everyone knows how to buy on an exchange because that is how they used to have their first cryptocurrency or atleast it can be learnt using simple Google search.

If someone wants to be a regular trader then they need to have skills on analysing the charts and back-up plans if they lose their capital.

Some groups of signals still offer useful value and I can refer to the information from there, they have more in-depth technical and experience support packages but I have not participated so cannot talk about quality and efficiency, don't be fooled by a handful of bad guys and judge all other groups as similar, here's my edit. Even we don't need chart analysis skills, we just need to analyze the basic information, master the factors that can change the market, we can become a trader but requires more profitability and professionalism, experience is essential no matter what we are in any industry or job

[k@suy]

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.

I highly agree with you mate what i mean is we are all came from scratch as a newbie trader even the pioneered trader or the highly skilled trader was once a newbie where no experience they have. It is acceptable the fact that an aspirant trader enters with no experience but entering trading without basic knowledge was like going in a was without a weapon to protect yourself from damages and lose. We as a trader our knowledge will be our primary investment when it comes to trading.

[South Park]

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.

The best case scenario for anyone is to have someone to teach you in person, however how many people are going to have a friend or family member that knows how to trade? Very few I guess, so we have to learn by ourselves, it is really difficult because as we have seen the majority of traders lose all of their money in a single year, but if you can learn enough about the markets and you have a significant amount of emotional control then it is possible that over time you could become successful in the market of cryptocurrencies.

[doomloop]

Trading signal groups are scam so don't get deceived, almost everyone knows how to buy on an exchange because that is how they used to have their first cryptocurrency or atleast it can be learnt using simple Google search.

If someone wants to be a regular trader then they need to have skills on analysing the charts and back-up plans if they lose their capital.

Signal groups are both a scam, and not a scam at the same time. They are a scam by logic because they have done nothing that would provide proof of profit because they are dealing with "signals" which is just basically indicators hitting right points, and that is not a guaranteed way to make money, it doesn't mean that you will profit, which is why there is nothing we can do with signals that guarantees profit in the end.

There is a situation where we will end up with people who mean "good", they could be good people who think they are doing the right thing, which is why I say they may not be scammers, but the reality is that if they are not doing anything that scams others, but doing something that promotes a chance of profit because they believe in it but still fail to provide profit, they are just unsuccessful people and that's it.

[repear7]

Trading without experience is normal. Experience is a type of practical knowledge. You have to start trading first to gain experience. But, Knowledge is very important to start trading. I think trading without knowledge isn’t good decision.

[rosebrand]

Like it's always said that knowledge is power, someone who has no experience in trading but has gotten enough knowledge about trading can actually kick start and make out profit, with no knowledge the experience has no effect because same thing will keep occurring because of ignorance, trading with no knowledge can actually lead to loss because lack of knowledge will eventual make a trader not know when to enter and when to leave tho a trade might trade based on luck and the recent experience he had but it might not always go at his direction most times the reverse might happen and cause him alot

[lixer]

Really usually more particular for crypto exchanging since the showcase is so unstable and hazardous that an speculation in a off-base coin might lead to harm past control whereas a little botch like not utilizing stop loss can moreover lead to misfortunes. Exchanging without knowledge and learning is like betting since you're fair trusting your luckiness and perhaps being over certainly on it.There is need of knowledge and experience before starting trade.

You may be right, but not in a case like this, when it comes to trading cryptocurrency you are first of all going to need knowledge before experiencing. You don’t just wake up and hear about cryptocurrency, and then you hop on it and start trading without at least doing some research that will be helpful along the way. So for me, knowledge first before anything you want to do, then experience follows, with the knowledge your first experience will be better than someone without knowledge.

Basically you can’t do something you don’t have good knowledge of perfectly, before you’re going to be trading and doing it perfectly you will have to have had the experience and knowledge, without those two things it’s just going to be like you’re gambling for luck since you’re not sure where you’re heading to, you’re just trying and wishing you would win. I have not tried things like this without doing some research on Google or asking a friend for help, it’s really important for anyone to do.

[ScamViruS]

Trading without experience is normal. Experience is a type of practical knowledge. You have to start trading first to gain experience. But, Knowledge is very important to start trading. I think trading without knowledge isn’t good decision.

It is important to have experience and knowledge about trading when it comes to trading. Because you can't stay in the market for long without experience and knowledge, you will lose your money very quickly as a result of trading in the wrong asset. When you do not understand the movement of the market, all the trades that will open can go in the wrong direction. I think it is risky to do short term trading without experience and knowledge about trading.

[Traderbtcc]

Of course, a noob can trade even without having knowledge or experience of how the market works, all they have to do is to follow those trade signals of when to buy or sell and they will be good, but having knowledge and experience on how to forecast a trade is more vital, cause following those trade signals will only make you stop at noob level forever, you won't be able to make your own trading decisions cause you only follow the decisions made by someone else, that's why learning and having knowledge about trading is alot more better.

[South Park]

Trading signal groups are scam so don't get deceived, almost everyone knows how to buy on an exchange because that is how they used to have their first cryptocurrency or atleast it can be learnt using simple Google search.

If someone wants to be a regular trader then they need to have skills on analysing the charts and back-up plans if they lose their capital.

Signal groups are both a scam, and not a scam at the same time. They are a scam by logic because they have done nothing that would provide proof of profit because they are dealing with "signals" which is just basically indicators hitting right points, and that is not a guaranteed way to make money, it doesn't mean that you will profit, which is why there is nothing we can do with signals that guarantees profit in the end.

There is a situation where we will end up with people who mean "good", they could be good people who think they are doing the right thing, which is why I say they may not be scammers, but the reality is that if they are not doing anything that scams others, but doing something that promotes a chance of profit because they believe in it but still fail to provide profit, they are just unsuccessful people and that's it.

There are two different kind of groups, legitimate signal groups that are not looking to scam you but that cannot possibly give you profits as it does not make sense for anyone that has a way to profit from the markets to share that information, and the second group are those that make it seem as if they are sharing signals but that are in fact pump and dump groups, and those groups are without a doubt 100% created by scammers as they have bought cheap coins way ahead of time and then recommend those coins to the ones that follow them and then dump those coins on them.

[zanezane]

~

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.

I disagree, it is not everyday at the start of your trading career that you are going to profit every day, there will be days that losses will incur and there will be days that you will be bountiful. Also worth mentioning that when you start to trade and you are confident that you can risk bigger capital then you have to do it because there is no other way than just going in for the risk and do your best.

[akar87]

I think now many discussion group on social media like telegram channel and facebook group where trader can ask everything about new or old coin worth for investing, but still any time where have to check by our self which one coin good for investing and trading. Many people do not know about new coin listing and buy without check before good or not for investing on that coins.

[akar87]

Trading without knowledge is possible for sure ,just buy lows and sell at highs (try not to do the opposite), but since you have no knowledge or trading experience, how would you know when the dip over and it's time to buy? or the pump is over its time to sell?, this is the main reason why having knowledge or an idea about trading helps, because if you treat trading will a gamble you will only end up on the losing side.

Nice way buy on dip or lower price than holding and wait when price going up to sell, almost trader or beginner understand when bitcoin dump altcoin dump so without any experience and knowledge they have understand when good moment to buy and sell bitcoin or altcoin, just check about some trader panic when buying coin after see good or higher price.

[abel1337]

Trading without knowledge is possible for sure ,just buy lows and sell at highs (try not to do the opposite), but since you have no knowledge or trading experience, how would you know when the dip over and it's time to buy? or the pump is over its time to sell?, this is the main reason why having knowledge or an idea about trading helps, because if you treat trading will a gamble you will only end up on the losing side.

Nice way buy on dip or lower price than holding and wait when price going up to sell, almost trader or beginner understand when bitcoin dump altcoin dump so without any experience and knowledge they have understand when good moment to buy and sell bitcoin or altcoin, just check about some trader panic when buying coin after see good or higher price.

There is a lot to consider when predicting the price, It's not every time that bitcoin dumps, altcoins will go dump. This can mislead newbie traders out there reading this. There are times this year that many altcoins stay on their prices and some pumps when bitcoin dumps. It's way better to learn how to properly trade than to rely on predictions that have no basis.

[aysg76]

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?

Some channels will claim that they have experts who will trade on your behalf and charge commission from you but do you really beleive them? Trading is not an easy task and sometimes people with knowledge and experience also loose in the market and you are talking about newbies who have just entered this highly volatile market.So try to learn first and then enter the market because there are scammers always trying to fool you and get away with your funds and then you will regret afterwards.Precaution is always better than cure.

[k@suy]

Trading without knowledge is possible for sure ,just buy lows and sell at highs (try not to do the opposite), but since you have no knowledge or trading experience, how would you know when the dip over and it's time to buy? or the pump is over its time to sell?, this is the main reason why having knowledge or an idea about trading helps, because if you treat trading will a gamble you will only end up on the losing side.

That's exactly how important it is to enter in trading equipped with such a basic knowledge about trading because no one enter trading with so much knowledge. Your experience in trading and learning much more about trading can be done and can be acquired while you're on your journey.

Nice way buy on dip or lower price than holding and wait when price going up to sell, almost trader or beginner understand when bitcoin dump altcoin dump so without any experience and knowledge they have understand when good moment to buy and sell bitcoin or altcoin, just check about some trader panic when buying coin after see good or higher price.

This should be the first and foremost a must knowledge that an aspirant trader should have before they were getting in to the real trading industry. There so much possibilities may happen especially the possibility of losses if the aspirant didn't have a basic knowledge about trading.