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Author Topic: Earning From Trading Without Any Professional Knowledge  (Read 1052 times)
Sunrise360 (OP)
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September 18, 2022, 01:21:56 PM
 #1

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.
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September 18, 2022, 01:31:34 PM
 #2

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’s a lot of free trading course online that give you basic knowledge on trading to make your trade profitable. It’s not necessary that you need to go to professional in able for you to become successful but it will an advantage if you will. I think only user here in crypto done studying with professional trader and instead DIY on learning the basic on trading. Having a professional mentor you doesn’t guarantee success on trading but it will increase your profitability if you have a proper background on trading.
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September 18, 2022, 01:45:50 PM
 #3

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's possible if you are having huge funds and here for long term. Just start with grid trading and you'll be able to gain great profits. I already started and made good profits with small amount. In the meantime, learn about TA and FA to have better future in your trading.

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September 18, 2022, 01:52:32 PM
 #4

Professional training is not necessary but you must have at least much learning that by using such knowledge you can gain profit and if needed then you cam recover your previous losses. It can also be possible if a person enter to the trading market with just a little amount of revenue for just cause of efforts and he can check out the youtube videos which helps in learning of each and everything about it.

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September 18, 2022, 01:53:23 PM
 #5

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.

If you want to profit from trading without professional training, you need to be very patient. You have to wait for the bear market to come. When the price of Bitcoin is low you need to invest in Bitcoin and wait for the price of Bitcoin to go up.
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September 18, 2022, 02:03:22 PM
 #6

First you should know how the market works since you have no idea about how it's working, and probably you aren't trading but instead you are gambling then. Seek knowledge first before you dive into the market because newbies always lose a lot of money when trading without a proper knowledge. You can't just trade if you don't know what you are doing since you are just basically giving out your funds/capital.

Just like what the other's suggested there are free courses online that you can read and learn about trading. Also, Beginners & Help section on this forum will give you some ideas if you go and read the stickies.

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September 18, 2022, 03:13:01 PM
 #7

Without any professional training anyone can make a profit from trading. The most important thing is that basic lessons about trading must be mastered, don't assume profits can be obtained without any knowledge. Technical and Fundamental analysis are the main requirements and train your trading method so that you can determine what strategy is suitable. I myself even started trading self-taught without any professional training, just watched a few videos about the basics of trading that had to be mastered and followed all of them. then it's just how you want to learn. You don't have to be a trading professional to make a profit, trading with just basic knowledge but understanding what you are doing will certainly bring you profits and also practice psychology and do risk management and financial management.
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September 18, 2022, 03:34:29 PM
 #8

You can always copytrade, although I wouldn't recommend you doing so if you don't have even the most basic of information about trading because it still involves understanding some key concepts before you decide to lock in the trade and follow the trader that you wanted. I made some good profits from doing just this, and even with a busy schedule I still manage to get 5-10% profit from my funds per week just because I let a bot copy a trader's moves for me in the platform.

Then again, if you really want to make money out of something, you still have to learn it at the end of the day. Luck isn't always in your favor and therefore you have to make moves in order for you to still make something.

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September 18, 2022, 03:50:30 PM
 #9

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's possible if you are having huge funds and here for long term. Just start with grid trading and you'll be able to gain great profits. I already started and made good profits with small amount. In the meantime, learn about TA and FA to have better future in your trading.

Trier and error is not trading because you will end up losing the money you are trading with at the end of it all. Go and learn properly, there are online trading courses or lessons that you can take so for you to understand the trading techniques better. There are times that the market will confuse you with alot of volatility. Trading is never an easy way to make money otherwise everyone will go trading.
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September 18, 2022, 03:52:45 PM
 #10

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.

Buy low sell high. That's how it works. Right now BTC price is low so selling what you buy today in the next 3 years then its called trading. Thats how  possibly you can make it.

If you want to be a day trader then that's when you need to learn more of how it works. There are indicators that you need to learn, start learning about them and binance even have tutorials for it. You can search their youtube channel.


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September 18, 2022, 04:05:06 PM
 #11

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.
You have to have basic knowledge about trading and also understand how crypto market works because the volatility is different from stock market that calmer and you can start trading but have to keep improving your trading skills, don't think trading crypto will make your assets keep going up because without adequate knowledge you are bigger losing money instead of making it increase.

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September 18, 2022, 04:12:21 PM
 #12

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.
No it's not possible. Only buying and HODL is one option other than that it's just sheer luck which can give you gains in trading without professional training. By professional training it doesn't necessarily means learning from a professional but it includes consistently training youself with any system which gives you profit, practicing a lot of trades until you become sure of your system. This is the only way to earn from any trading.
Now that there are already free courses and videos online that can help in starting to trade better try what will suit best to OP that he’ll be able to understand. There’s no need now to hire or to enroll to learn we can learn thru experience and on our own dedication. Though, this may require more budget in terms of learning what method will matters to us thru experience. Before I tried only to trade with simulators or free trial trading platform but there is no thrill when there is no money involved, it adds excitement when we know that there is real money at risk and we really able to focus to understand how we can manage to gain profit or how we can minimize the lose.
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September 18, 2022, 04:25:55 PM
 #13

<--snip-->

Trier and error is not trading because you will end up losing the money you are trading with at the end of it all.

Actually it isn't trial and error method. However it's an automated trading where bot will buy low and sell high and we won't need to be monitor the market at all. Like i previously said, i already used grid trading and made profit from it without any stress or monitoring the market. Also it's for long term hodler, not for quick profit makers.  Wink

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September 18, 2022, 05:37:26 PM
 #14

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 possible. Crypto trading is like gambling and there's no way you will win the game if you don't understand the game rules.
You can still make a profit though if you have fundamental knowledge about crypto trading but you need to do it with consciousness for we're in bear market season.
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September 18, 2022, 06:28:18 PM
 #15

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 possible. Crypto trading is like gambling and there's no way you will win the game if you don't understand the game rules.
You can still make a profit though if you have fundamental knowledge about crypto trading but you need to do it with consciousness for we're in bear market season.
Dude aren't you combine Trading and gambling together!? Gambling is totally dependent on luck and while trading, there is a matter of analysis. And in gambling if you loss the bet you will lost the fund at once on the others hand in trading the loss depends on the market.  But I am agree with that some fundamental knowledge can bring some profit but even then it is still risky So it will be better to earn knowledge about analysis and reading chart then go for trading other wise you may have to face loss .

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September 18, 2022, 06:46:11 PM
 #16

Copytrade, just google how it works.
Unfortunately afaik, most of the top exchanges don't provide this feature themselves. You've to use a third party API service and that has its own process complexity. I only found one exchange with a built-in copytrade feature directly, MEXC (you can find the link on my profile page).

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South Park
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September 18, 2022, 07:18:07 PM
 #17

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's possible, however it's important to point out that you'll still need to train yourself by reading books, articles and watching videos, if you don't do this then it's going to be impossible for you to generate consistent profits in the markets, so if you really want to become a good trader give yourself a few months to learn all what you can about the markets before you begin to trade, otherwise I can guarantee you that you'll lose all your money.
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September 18, 2022, 07:53:43 PM
 #18

<--snip-->

Trier and error is not trading because you will end up losing the money you are trading with at the end of it all.

Actually it isn't trial and error method. However it's an automated trading where bot will buy low and sell high and we won't need to be monitor the market at all. Like i previously said, i already used grid trading and made profit from it without any stress or monitoring the market. Also it's for long term hodler, not for quick profit makers.  Wink


Is the profit that you make from the bot regular ? Sometimes we think that bots do a clean trade but usually it is not that way. If you are making a reasonable margin of profit using bot then you are good. Longtime hodlers, quick dumpers or traders are suppose to give some measureable profit margin only for you to decide on what to go for.
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September 18, 2022, 08:43:29 PM
 #19

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.
Most of noobs always fall out with that quick trading session specially if you do make out some follow-me trades or account management or tips and signals from other known traders.
Yes, you could eventually make out some money or profits with that but it wont really be sustainable on doing it forever plus you cant really be that sure that you would really be
ending up on being profitable in the end of the day.One thing i do see that it does really give out that kind of regretful thing whenever someone you followed
had lost up a certain trade.Nothing could beat out if you are the ones who do make trades according into your own knowledge and skills
and not by anyone or someone.

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September 18, 2022, 08:45:50 PM
 #20

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.
Most of the successful traders do not go through professional training, but they make sure they acquired first knowledge and skills, and relevant experiences that will mold them to become pro traders in the long run. As experience is the best teacher, then a good trader will likely to experience a lot of inevitable losses at first before he can make successful and profitable trades in the end.

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