Earning From Trading Without Any Professional Knowledge

[inthelongrun]

No, that is not feasible. Without formal training, your only other option for making money in trading is to simply buy and hold your positions. Professional training doesn't always entail receiving instruction from an expert; instead, it refers to continually honing your own skills using any profitable trading strategy and making numerous trades until you are confident in it. The only method to profit from trading is in this manner.

What you mentioned as professional training is informal training or self-study. So yes, it is feasible to become good and earn decent returns in trading without the need for a professional expert.

Most people I know that are good traders learned it for free and without experts guiding them. It's more on the willingness and dedication to spend time and make effort in order to learn the many strategies and techniques in trading. Because everything can now be seen on the internet nowadays if we only have the diligence to look for them.

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[Danydee72]

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

There is no such thing necessary like "professional training" or "professional knowledge" in a sense you need to pay for it. Learning by doing: You may start reading articles about simple strategies like gridtrading or "buy low / sell high". Whatever you prefer. There are a lot more. Keep things simple in the beginning, start low and begin to learn with your earnings (or losses). Don't hesitate to ask.

One thing I would advise, is to become aware of yourself. What you like to do? How much time you like to invest? What about your money: Do you like to invest a small amount every day/month or a big amount in one time? Are you eager to learn? Questions like these leads to a plan. And there is nothing worse than to have no plan. And then (quote by the A-Team): "i love it when a plan comes together".

[Rockstarguy]

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

It is not even proper to start gambling without having knowledge, I wonder why you should imagine starting crytocurrency without having knowledge. 

Just think about it is there anything in this life you can just start without having knowledge?  Everything starts with learning to acquire knowledge to make the journey easy and not to be waste of time and money.
Trading is a skill that you must learn to get knowledge about it for you not to lose all your money you put in. It is something you don't need to rush about it for the sake of getting profits. Starting trading without learning will definitely end you in regrets.

[bakasabo]

No one has cancelled the rule "buy low sell high". That is the only knowledge you know. Now start properly using it. You can start earning without knowledge, but your profit will be low and you will have to wait quite a time before you will get your first profit.

Earning without knowledge is similar to learning to ride a bicycle. One day you will learn to do that, but you will fall from it numerous times, get bruises, but in the end you will succeed. Everything is possible if you make an effort and have time.

[len01]

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

at least before trading in crypto should know the basics of trading. because there are so many cases of trading beginners who don't know the basics of trading, they actually get big losses and lose their money.
should learn all the risks of trading, how to minimize losses while trading and much more basic knowledge before doing it.
try to learn more from online how to trade there are so many and many are free.
and my advice to beginners before trading is to use your own money and never borrow money just for trading

[fuguebtc]

The question is like a question that's being googled like this. "Ways of earning without doing anything".
Also OP, don't rely on those trading signals, they might just suck your money from their advises that you'll not benefit.

Newbies should be aware that many will convince them to try or to invest into something, that’s why they need to study so they will not be decieve by so called professional trader. That’s why whenever I have friend who ask about crypto I give them links or ask them to research it on how it will be done, I will say that it’s risky so they better have knowledge before they start investing money since it’s their money at risk so they need to study what they will do in it.

but believe me, not many beginners in trading will listen to it all. more of them just think of going to the market to buy assets and sell them at a profit. many beginners that I meet are always like that. can't wait to find out the information. too rushed to deposit their money on the exchange and trade immediately.

very troublesome when it comes to meeting a beginner like that. but some do have luck. it's not from a skill, I'm sure it's just luck in choosing the right asset. and make a profit.

They, like us before, rarely listen to anyone's advice because they think it's right and it's all the more obvious when they get lucky if they buy any coin and make a profit afterwards. No knowledge or experience needed as you say. They will and will only return to that advice and will seriously focus on knowledge when they lose, all needing bad experiences to wake up.

I don't want to give too much advice to newbies because I know it won't work, I want them to experience the market without knowledge, then we will give them advice later.

[so98nn]

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

Yeah it's very simple, you just buy and have patience to sell at higher prices than what you bought. Though it's not real trading, we call it as hodl process. You need to give your coins unimaginable time to grow into profits and then you are all good to go. However, the challenges that are usually faced by the hodler are: impatient selling, FOMO, emergency sell off's and much more generalized reasons which makes it very difficult to trade the crypto for very long terms. For example, in bitcoin case it's very volatile and it could take off more than 10-20% in single day and usually peeps are scared to loose more money and thus sell in the loss. If you are able to tackle such situations then you are good to go for such type of trades.

However, if you really want to go for day trades, futures and options then it will need extensive knowledge.

[rozak]

I agree that people who have less knowledge will depend on their luck and instinct that's why those people better go for long term investment rather than short term trading. But it would be a pity when we were lazy to learn the basics of trading since we can learn it and there are a lot of platforms that provide a place for us to learn for free.

everyone has a way to benefit. there is indeed a place where they seek profit in the trade. but there are also cooler with long-term investment.
luck will not always be with everyone. because sometimes we also have to lose. but honing the ability to be more skilled, I think that is also an advantage for us. moreover, it can minimize the risk of trade and investment made.

[Nrcewker]

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

A professional was once a starter. Don’t forget that OP.
To the answer of your question, then yes it’s possible.
But as you are starter, I would advise you to learn some trading knowledge at first before investing with real money.
There might be many tutorials on YouTube or here at the forum, from which you can easily learn how to trade.
At last remember one thing, trade only with that much amount of money, which you can afford to lose.
Wish you all the best for your future op.

[livingfree]

The question is like a question that's being googled like this. "Ways of earning without doing anything".
Also OP, don't rely on those trading signals, they might just suck your money from their advises that you'll not benefit.

Newbies should be aware that many will convince them to try or to invest into something, that’s why they need to study so they will not be decieve by so called professional trader. That’s why whenever I have friend who ask about crypto I give them links or ask them to research it on how it will be done, I will say that it’s risky so they better have knowledge before they start investing money since it’s their money at risk so they need to study what they will do in it.

They need to analyze first before they put their hard earned money to any of those. It's because that these influencers will really just going to suck everything that they can with their audiences.

While for the knowledge that a newbie can learn, there's so much to learn from their own experiences and with the use of their own money. Instead of enrolling it with those signals or groups, just use it for your own capital and gain.

[hyudien]

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

That means you gamble and try to test your luck by making trades that you don't know how to work. No wonder many beginners want to make money fast but don't want to go through the crazy process. Usually the person is lazy, hopes to get rich quickly, without skills, and ends up trapped in a trade that turns out to be gambling. Don't get me wrong sometimes the hype of crypto trading makes you forget that any kind of trading requires knowledge and you just have to look for it either for free by reading articles, watching explanatory videos, or taking paid classes. Because at least the knowledge base makes every decision unhurried and hasty. You drop money for a certain period of time, remember everything is a process and crypto trading is volatile so don't just hit the buy and sell button if you don't really know how the market works.

[$crypto$]

While for the knowledge that a newbie can learn, there's so much to learn from their own experiences and with the use of their own money. Instead of enrolling it with those signals or groups, just use it for your own capital and gain.

I think that a lot of knowledge has been given to beginners where they have to be a good experience in order to be able to change patterns when they already know, about tips and tricks that must really be learned by themselves, never rely on other people including trading group signals, for me we must be able to get out of it to stay on our own with the experience, therefore it is important to manage their finances in order to minimize losses, there is also advice from a professional that must take the good side that we understand.

[sana54210]

Newbies should be aware that many will convince them to try or to invest into something, that’s why they need to study so they will not be decieve by so called professional trader. That’s why whenever I have friend who ask about crypto I give them links or ask them to research it on how it will be done, I will say that it’s risky so they better have knowledge before they start investing money since it’s their money at risk so they need to study what they will do in it.

but believe me, not many beginners in trading will listen to it all. more of them just think of going to the market to buy assets and sell them at a profit. many beginners that I meet are always like that. can't wait to find out the information. too rushed to deposit their money on the exchange and trade immediately.

very troublesome when it comes to meeting a beginner like that. but some do have luck. it's not from a skill, I'm sure it's just luck in choosing the right asset. and make a profit.

Amateurs are the people who just saw some other person making profit and imagine they could do the same thing. It's clear that they won't be able to but it's still okay because they are going to understand how they should trade eventually.

Either they are going to end up losing money and learn how they should profit, or they are going to end up with learning how to trade without losing much which would be a lucky situation but it could happen one way or another. This is why I highly suggest that the best thing to do would be making profit based on time and effort that you put in, the more time and effort you put in, the more money you could make from bitcoin.

[stomachgrowls]

Newbies should be aware that many will convince them to try or to invest into something, that’s why they need to study so they will not be decieve by so called professional trader. That’s why whenever I have friend who ask about crypto I give them links or ask them to research it on how it will be done, I will say that it’s risky so they better have knowledge before they start investing money since it’s their money at risk so they need to study what they will do in it.

but believe me, not many beginners in trading will listen to it all. more of them just think of going to the market to buy assets and sell them at a profit. many beginners that I meet are always like that. can't wait to find out the information. too rushed to deposit their money on the exchange and trade immediately.

very troublesome when it comes to meeting a beginner like that. but some do have luck. it's not from a skill, I'm sure it's just luck in choosing the right asset. and make a profit.

Amateurs are the people who just saw some other person making profit and imagine they could do the same thing. It's clear that they won't be able to but it's still okay because they are going to understand how they should trade eventually.

Either they are going to end up losing money and learn how they should profit, or they are going to end up with learning how to trade without losing much which would be a lucky situation but it could happen one way or another. This is why I highly suggest that the best thing to do would be making profit based on time and effort that you put in, the more time and effort you put in, the more money you could make from bitcoin.

Soon they would really be realizing their mistakes and would prove out that those hopes and boost up of feeling would turn out to be totally different on the time that they would able to touch for themselves on the market which they do believe that it was easy to deal with.
Earning doesnt significantly mean that you do already have the knowledge because there are times which beginners luck do come into play but in further dealings or time goes by then
you would able to witness on how fierce market volatility is.
You do need sure to have that knowledge for you to at least know on what you should gonna do specially on an unpredictable thing.

[Munir575]

If you don't have enough knowledge, I believe it is very tough to make money. You can learn everything about trading without receiving professional training. You at least have sound trading skills. Additionally, you must understand how to interpret price chart patterns and evaluate basic factors. If you are already aware of these concepts, you may stand a decent chance of making money.

[|MINER|]

If you don't have enough knowledge, I believe it is very tough to make money. You can learn everything about trading without receiving professional training. You at least have sound trading skills. Additionally, you must understand how to interpret price chart patterns and evaluate basic factors. If you are already aware of these concepts, you may stand a decent chance of making money.

Yes in those fact when a trader get into trading without having knowledge about it  for the greedyness of earn in short time they lost everything. But if they can capture some knowledge about trading and also for more help to use copy trading  I think  they can earn from it . Generally I don't prefer copy trading but for the beginning it can be use for little fund .

[Fredomago]

If you don't have enough knowledge, I believe it is very tough to make money. You can learn everything about trading without receiving professional training. You at least have sound trading skills. Additionally, you must understand how to interpret price chart patterns and evaluate basic factors. If you are already aware of these concepts, you may stand a decent chance of making money.

Yes in those fact when a trader get into trading without having knowledge about it  for the greedyness of earn in short time they lost everything. But if they can capture some knowledge about trading and also for more help to use copy trading  I think  they can earn from it . Generally I don't prefer copy trading but for the beginning it can be use for little fund .

It's important to have basic knowledge that you can enhance when you already inside the business, like what you mentioned, if you will invest right away without any knowledge the chance of losing everything is possible, but if you have basic ideas where you can execute and check if this knowledge is enough you can simply adjust and make something that will give you better chances of success.

Maybe there are lucky traders who has been led by someone to invest and in a short period they were able to accumulate a good amount of profits, but not everyone will have that same outcome, most of the time those newbies are the one who lost a lot in their first attempt to invest.

[Oilacris]

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

How will you understand what you are actually trading and how will you know when its perfect to buy , when to sell and the right time to hodl. If you are not trading then its obvious gambling is the strategy. Trading is too complex to venture into without good foundation because even protraders lose to the market. Copy trading would have been a perfect option but how will you know whom to rely on for trading signal

Copy trading should be temporal and it would be always better if you do really mind off on being independent on your own when the time comes specially into trading.You cant just rely on someone like

forever but its actually on someones choice because there are ones who do simply stick out on that kind of principle as long it do make money or profits into them then they would surely be following
no matter how long it would be.
You would really be needing knowledge for you to withstand this fierce market when it comes to volatility.

[SirLancelot]

Newbies should be aware that many will convince them to try or to invest into something, that’s why they need to study so they will not be decieve by so called professional trader. That’s why whenever I have friend who ask about crypto I give them links or ask them to research it on how it will be done, I will say that it’s risky so they better have knowledge before they start investing money since it’s their money at risk so they need to study what they will do in it.

They need to analyze first before they put their hard earned money to any of those. It's because that these influencers will really just going to suck everything that they can with their audiences.

While for the knowledge that a newbie can learn, there's so much to learn from their own experiences and with the use of their own money. Instead of enrolling it with those signals or groups, just use it for your own capital and gain.

I am not saying that it should be a bad idea, all I am saying is that it should be a decent idea to keep doing something like this. Clearly people are overworking towards this idea and I am fine about it, but if you are trying to be a good trader then you shouldn't push yourself too much to study at all times, it wouldn't work.

It's easier to study a bit, then trade a small sum, like you could lose that and not worry, then study some more and keep doing it that way so you wouldn't be overworked. That's my understanding, because those trades in between will make you lose and you will research why you lost and that would be a good lesson too.

[AmoreJaz]

I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.

How will you understand what you are actually trading and how will you know when its perfect to buy , when to sell and the right time to hodl. If you are not trading then its obvious gambling is the strategy. Trading is too complex to venture into without good foundation because even protraders lose to the market. Copy trading would have been a perfect option but how will you know whom to rely on for trading signal

Copy trading should be temporal and it would be always better if you do really mind off on being independent on your own when the time comes specially into trading.You cant just rely on someone like

forever but its actually on someones choice because there are ones who do simply stick out on that kind of principle as long it do make money or profits into them then they would surely be following
no matter how long it would be.
You would really be needing knowledge for you to withstand this fierce market when it comes to volatility.

copy trading may only be good as a temporary resort if you want to get involve with trading. but as you said, it is still best if you will do your own trading. the skills involved can be gained by experience, it means, you can't gain those skills overnight. if you do want to venture in trading, much better if you will equip yourself with basics first. slowly, you will learn those tips and tricks as you go along with your journey. each project has their own pros and cons and those are for you to discover. no one will give you those tricks but you can always learn something from posts and other related discussions. but the actual experience will give you the most valuable lessons in trading.