Trading without experience and knowledge

[conected]

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.

- Warning is not only posted a few times, it's regularly given out by lots of good people like you but perhaps many people feel the learning path is too boring and time consuming for them, instead of seriously sitting at a computer and learning techniques, laziness only brings them to signal groups and pays to receive the manipulation of others. Worst of all, they have no knowledge and experience, their intuition will not point out the risks in each signal they receive, sometimes they don't follow directions and like to be independent from the market, a little chaos happens and they burn assets

[Renampun]

*I will make it easier. trading without knowledge and experience = like you are playing slots based on luck...
It has been repeatedly said that at least you must have basic knowledge of trading, you can easily learn about trading on YouTube or Google. take advantage of the facilities that are available today and don't be lazy to learn.

[isaac_clarke22]

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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.

Well common mindset of some newbies would be where Bitcoin dumps then alts dumps the same way. They'll buy the alts, but then that alt really dumped really bad loses its value.
Now newbies would realize the meaning of shitcoin that time.
There are indeed some pumping but mostly from hypes.

[Imran232]

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

Obviously he can. But just take an example for your exam. You go for exam without any kind of preparation or any kind of study in this whole semester then what do you think you can't write anything in the paper. You can by doing some tricky tricks like asking some friends or by writting some wrong answer. But if you were going with full of preparation then how your exam done. Obviously better than previous one. So now if you think about trading like this then you can also br that much successful. But for your higher success you need higher preparation.  So i hope you understand it. Our suggestion is first try to learn then apply by your self for testing perpose with little amout then try to take risk. Remember no one can be successful without learning. So learning should be our 1st choice before thinking about earning.

[blockman]

*I will make it easier. trading without knowledge and experience = like you are playing slots based on luck...
It has been repeatedly said that at least you must have basic knowledge of trading, you can easily learn about trading on YouTube or Google. take advantage of the facilities that are available today and don't be lazy to learn.

Even a guy buys a good coin but he don't have knowledge about it, he's buying out of his luck.
It is a case to case basis but it is always advisable that a trader should at least help himself by making research to satisfy his buying decision.

[doomloop]

Even a guy buys a good coin but he don't have knowledge about it, he's buying out of his luck.
It is a case to case basis but it is always advisable that a trader should at least help himself by making research to satisfy his buying decision.

The case of good coin is only needed when we plan up for long-term holding. Because bitcoin is a good coin but if you are buying it in the bear market like by the times of early 2018 will definitely lead to losses. So, knowledge definitely plays the bigger role here than what possibly our luck factor could lead us. I mean whether it will be a good coin or bad coin, if you are buying at the right time out of technical analysis and other information then definitely it will lead you into big profits.

It has been repeatedly said that at least you must have basic knowledge of trading, you can easily learn about trading on YouTube or Google. take advantage of the facilities that are available today and don't be lazy to learn.

Honestly these days we are having lots of resources to learn but in my opinion most of my friends are feeling lazy to learn but they want to make easy money out of crypto trading. When we are not ready to give required efforts then we cannot expect any good returns out of trading which will be true across all markets.

[DevilSlayer]

Traders should understand first that trading is different from gambling, a lot of traders are mistakenly that trading is pure of luck wherein they will just buy and hold it because they "think" it is the next big thing. The truth is we cannot become a profitable trader if we are not focuing on earning knowledge and also experience. It is better if we will focus on gaining information first befpre putting money in some exchanges. The reason why there are only few people who became profitable in trading is because they are focusing on gaining profit than knowledge first. It is also takes time to become master in specific strategy so it is better if we have patience and also have persistence to learn.

[Distinctin]

Traders should understand first that trading is different from gambling, a lot of traders are mistakenly that trading is pure of luck wherein they will just buy and hold it because they "think" it is the next big thing. The truth is we cannot become a profitable trader if we are not focuing on earning knowledge and also experience. It is better if we will focus on gaining information first befpre putting money in some exchanges. The reason why there are only few people who became profitable in trading is because they are focusing on gaining profit than knowledge first. It is also takes time to become master in specific strategy so it is better if we have patience and also have persistence to learn.

Knowledge and skills are the vital things we need to acquire before trading. It is a kind of preparation that we never have to forget otherwise, we are just only throwing our money out of the pocket.

But it is to understand that knowledge and skills can't learn instantly, it needs time and effort to develop. If we wanted to see passive trading outputs, we will have to work hard on it and consider all our mistakes as a tool for us to improve and to knows which areas we have to focus on.

[TheGreatPython]

The case of good coin is only needed when we plan up for long-term holding. Because bitcoin is a good coin but if you are buying it in the bear market like by the times of early 2018 will definitely lead to losses. So, knowledge definitely plays the bigger role here than what possibly our luck factor could lead us. I mean whether it will be a good coin or bad coin, if you are buying at the right time out of technical analysis and other information then definitely it will lead you into big profits.

Depends on what kind of trading you’re talking about. But it’s necessary that you have a good understanding of what you’re doing, because lack of understanding means you’re going to be suffering from losses on a regular basis. This is not magic, so you’ve got to have the knowledge, and not trying to gamble with the options you have, when it’s clear that you have no clue about it.

There are so many things you will have to do to be good at it and the first is to learn technical analysis. Technical analysis will help you have a clearer view of where the market will be heading to and all that.

[Peanutswar]

*I will make it easier. trading without knowledge and experience = like you are playing slots based on luck...
It has been repeatedly said that at least you must have basic knowledge of trading, you can easily learn about trading on YouTube or Google. take advantage of the facilities that are available today and don't be lazy to learn.

Trading knowledge is one of the most essential things we need to consider even though scrolling to social media sites contains information about trading tips and different sources this will consider as trading knowledge so everything you know to your trading can be used as knowledge can possibly use for your future long, shorts, buy and low trading. Its better to elaborate more information, gain more information so you can survive to this volatile market.

[akar87]

Better to check about new update from coin want to trade, I think many site now giving new update about coin want to mainnet, hardfork or have good news, but when any bigger transaction like sending bitcoin with higher amount always update on twitter or telegram. You can make analyze when have good or bad news about some coin or bitcoin.

[carlisle1]

The case of good coin is only needed when we plan up for long-term holding. Because bitcoin is a good coin but if you are buying it in the bear market like by the times of early 2018 will definitely lead to losses. So, knowledge definitely plays the bigger role here than what possibly our luck factor could lead us. I mean whether it will be a good coin or bad coin, if you are buying at the right time out of technical analysis and other information then definitely it will lead you into big profits.

Depends on what kind of trading you’re talking about. But it’s necessary that you have a good understanding of what you’re doing, because lack of understanding means you’re going to be suffering from losses on a regular basis. This is not magic, so you’ve got to have the knowledge, and not trying to gamble with the options you have, when it’s clear that you have no clue about it.

There are so many things you will have to do to be good at it and the first is to learn technical analysis. Technical analysis will help you have a clearer view of where the market will be heading to and all that.

You need to start somewhere in order to excel and attained success, trading should not treat like gambling you always have many options to enhance your chances, never to step inside any exchange if you don't have the confidence.

It's just normal to lose in some point but it's different when you take your way without any idea from what you are doing.

Do your research and find the suitable system that will work according to how you percept your future.

[blockman]

Even a guy buys a good coin but he don't have knowledge about it, he's buying out of his luck.
It is a case to case basis but it is always advisable that a trader should at least help himself by making research to satisfy his buying decision.

The case of good coin is only needed when we plan up for long-term holding. Because bitcoin is a good coin but if you are buying it in the bear market like by the times of early 2018 will definitely lead to losses. So, knowledge definitely plays the bigger role here than what possibly our luck factor could lead us. I mean whether it will be a good coin or bad coin, if you are buying at the right time out of technical analysis and other information then definitely it will lead you into big profits.

I think it's the opposite that if you've bought it during the bear market and you're looking at the possible return of it to ATH which had happened, you're really lucky if that's the only basis.
And besides, bear markets are really the time that everyone should be buying and stacking a lot while they can. Because it won't last forever and there's always an end of it.

[MCobian]

I started trading without enough experience and knowledge, which ended up making me have to lose quite a bit. Therefore, I always advise newbies
not to make mistakes that I have already done. Trade if you already have knowledge about trading, therefore read more articles on how to analyze
the market. Or if you are lazy to read, you can see tutorials on YouTube, many professional traders share tips about trading. Then for experience
you can get by starting trading with a small capital first, or you can also use the demo trading feature found on several platforms.

[peterpanda]

I started trading without enough experience and knowledge, which ended up making me have to lose quite a bit. Therefore, I always advise newbies
not to make mistakes that I have already done. Trade if you already have knowledge about trading, therefore read more articles on how to analyze
the market. Or if you are lazy to read, you can see tutorials on YouTube, many professional traders share tips about trading. Then for experience
you can get by starting trading with a small capital first, or you can also use the demo trading feature found on several platforms.

Great advices from you and yes it is not a wiser decision to trade without any knowledge and experience. Though demo trade can't bear good result but it is worthy enough. Tutorials and market analysis help a lot in trading.

[RazerCrypto25]

Everything that involves money should be researched first before diving into it. I researched for a long time before I invested in Crypto, but I also lost money because I mostly watched Youtubers that just pump and dump. But I learned that lesson when I also tried to research for a stock that I am trying to invest in. I did most of my research on Reddit, forums, and stayed out of youtube as much as possible. Because believe it or not, influencers on stocks are very different from crypto influencers.

[Question123]

You can trade without experience and knowledge but for sure you will make a mistake and that can result to lost your capital. So it's better to learn even a basic strategy in trading and experience I think its not required because you cannot have it you are beginner but the important is that you are earning knowledge in trading that you will use to gain profit.

[bitzizzix]

It all depends on the planned trades, such as day trading, swing trading, trend trading and many others and it all requires knowledge and experience which will occur when you do and you should also learn to analyze the market.
start educating yourself about the markets and then learn by doing, over time you will be able to determine which one is more suitable for your own financial goals, personality and trading profile.

[fahmimajannat]

Its a foolish step.
Anything you wanna do you have to learn first. Than you can be successful on the particular thing.
You can't be successful by doing trading with your emotion.
You have to learn a lot of thing to be a good trader.
So instead of losing money lose your time by learning how to trade.

[akar87]

I have easy way how you can get profit from trading without understood how to read chart and know potential coin, just checking with twitter account based on coin do you want to buy and check coinmarketcal for more information how coin progress and activity next few day, you can see many update information about coin on twitter or coinamrketcal and you see which one coin have good news.