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Author Topic: Is trading good for beginners?  (Read 2879 times)
Sakanwa (OP)
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February 21, 2023, 12:59:02 AM
Last edit: February 22, 2023, 10:36:01 AM by Sakanwa
 #1

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

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February 21, 2023, 02:33:10 AM
Last edit: February 21, 2023, 03:02:30 AM by mk4
 #2

There's a reason why a huge majority of people lose tremendous amounts of money with trading — simply because it's not easy and it's definitely not for everyone.

Seriously, trading is overrated. Go get a job or start a business instead. Unless you want to grind for more than a year and shoulder the losses while you're still learning.

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February 21, 2023, 02:36:43 AM
 #3

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

After been told it just for them to choice on the candles sticks if it's up the they want to choice or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for sure person to begin trading?

Well historically people have been making loads and loads of money anytime there is a strong bull market. Whether in stocks or crypto. And they told other people and they also started to trade. And its all good until the bubble pops. I had so many of my friends trading in 2021 making killer profits. Both in stocks and crypto. Then 2022 came and most people lost all their gains.

You wont make any decent money just by following candlesticks patterns, because they work half the time and the other time they dont work. You need to find out what trend we are in and trade that way using candlesticks. So basically in 2021 if you traded using bullish candlesticks patterns it would help you. If in 2022 you used bearish candlesticks patterns it would help. However you don't know what kind of market you are in until its too late or in hindsight.

My advice try and trade with a small account and see how it works out. Or trade demo. They got it available for all cryptos and stocks on tradingview app.

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February 21, 2023, 04:03:49 AM
 #4

No, it will be difficult for such person to achieve a good profits from his trading because he don't have knowledge about crypto trading which many people has lost their money for the lacked of trading in the community. The most important thing is for he to save more money and settle down to learn more about crypto trading before he can start with small amount of money to test his self before he can increase his capital in the crypto trading. The type of coin to buy in the market, is very important for newbies to know before investing, because know the type of coin to buy will determine the profit you are going to achieve when the price of that particular coin increase higher in the market.

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February 21, 2023, 04:06:03 AM
 #5

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.
He can trade but he will be more likely to lose all his savings, not only in trading but in all types of work, business and others if done without the right knowledge you will get nothing but loss and despair, even when the person has the knowledge and is ready plunging into trading he still has the opportunity to lose because not everyone is suitable for trading. Sometimes it's easier to start a business in the real world than do trading.

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February 21, 2023, 04:16:09 AM
 #6

(....)
My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

After been told it just for them to choice on the candles sticks if it's up the they want to choice or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for sure person to begin trading?

Every trader out there started as a beginner. So. for me, it's either good or bad. Good if you trust the process if you learn and are dedicated to learning how to trade, and bad if you don't want to learn or you become greedy.
Trading is a difficult job for me, it involved money, and you may become bankrupt while trading which is the normal case, a lot of people already experienced this.
And take note, most of the beginners or new in trading are intended to stop trading because of various reason after there few trades.

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February 21, 2023, 05:15:08 AM
 #7

You should advise your friend that while he is saving, he should learn on the way because he is saving money to lose as he has no concrete plan on how he can earn profit from it. For sure, he will just deposited it and guessing the price on where he trade without proper strategy, and he will end up losing his couple of months' savings. Though he can do copy trading, but for sure, he doesn't know anything or what's going on if he puts his money on it. It is really best to have knowledge first, even if you already have money to invest because you'll end up losing if you don't have knowledge of trading.
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February 21, 2023, 05:34:50 AM
 #8

There's a reason why a huge majority of people lose tremendous amounts of money with trading — simply because it's not easy and it's definitely not for everyone.

Seriously, trading is overrated. Go get a job or start a business instead. Unless you want to grind for more than a year and shoulder the losses while you're still learning.

I think that with this, the OP should have things clear. Just to add that trading is promoted a lot because the houses earn a lot of money in commissions. That is, they earn every time you buy or sell, so they are more interested in their clients trading than Buy and Hold, which is a safer way to earn, as long as you buy bitcoin or premium products.

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February 21, 2023, 05:49:48 AM
 #9

First blunder he did is that he don't know anything about trading and initiate it like he has all the information about it. The second blunder he made is that he puts all his saving in it. There are large number of individuals who are involved in trading and with these two mistakes they have lost their revenue completely.\
 
For newbies start point should be minimum and with the passage of time when they understand about trading then putting large sum is not a bad thing but I think that putting your whole saving is a foolish behavior as you know that trading is not a stable.

Trading sometimes gives you profit and makes you rich but on another hand it can also destroy your income and make you poor. So work properly and do not make decisions blindly without any information.



 

 

 

 

 

 


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February 21, 2023, 06:14:21 AM
 #10

first of all if he doesn't know anything about trading , i think its not a good idea at all . because if he trades without any knowledge he might lose all his saving money . If your financial status is not exhausted but put into trading without knowledge of anything. I expect from a large amount of money to be reduced to 0  ever. The world of trading is quite cruel. ทางเข้าคาสิโน
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February 21, 2023, 07:20:03 AM
 #11

First blunder he did is that he don't know anything about trading and initiate it like he has all the information about it. The second blunder he made is that he puts all his saving in it. There are large number of individuals who are involved in trading and with these two mistakes they have lost their revenue completely.\
 
For newbies start point should be minimum and with the passage of time when they understand about trading then putting large sum is not a bad thing but I think that putting your whole saving is a foolish behavior as you know that trading is not a stable.

Trading sometimes gives you profit and makes you rich but on another hand it can also destroy your income and make you poor. So work properly and do not make decisions blindly without any information.
for beginners, doing short-term trading will be difficult, considering that short-term trading is not easy. especially for psychological control which is very difficult for beginners. therefore must be patient to enjoy the process in the learning process. everyone will need a different time to master it, and of course you know better. therefore for beginners it is better for long term investment. and learn about short-term trading with small portions, until mastering it

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February 21, 2023, 08:04:23 AM
 #12

Trading can be done by everyone, but it isn't for everyone.
Only those who can handle the losses, only those who can wait for them for a long time before they will be profitable.

Is trading good for beginners? Professional traders started as beginners as well right? I mean what kind of question is that. As we start trading, we are all beginners already. As you have that experience in trading, overtime you will not be a newbie anymore. Maybe change your question to "Is trading good for people who don't have knowledge at all?" That would be a better question.

Trading without any knowledge is like having a quiz without any knowledge regarding that particular topic, and you will fail miserably. If you don't want to learn first, just don't try trading at all. Even those who are trading for a very long time are experiencing losses still. Go try demo accounts in different trading platforms such as Binance since they have one. Instead of putting your money into trading, at least put your money into yourself.

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February 21, 2023, 08:13:26 AM
 #13

In my opinion someone who has zero experience of trading on any speculative market but claims to make money easily through trading is trying to fool the person in front. Those who have been trading for years know how the market works but not newbies.

You should not trust this person unless you verify yourself their claims. Chances are the person is a scammer attempting to fool you into giving your money.

If this is someone in real life, verify. If this is some internet username, then block them.

R


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February 21, 2023, 08:15:11 AM
 #14

Any newbie should avoid trading at all cost except they have a good emotion and wouldn't blame the asset when the price doesn't follow like his prediction.

Even you've learn about candle stick, trends, scalping, trading bot, copy trading and self pro claimed professional trader, there's no guarantee you will make money. Experience is really important in trading, it's need trial and error, also need to accept huge losses in order to learn.

Most people can't able to survive and they're high likely move to shitcoins.

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February 21, 2023, 08:23:04 AM
 #15

If a newbie should avoid trading, what should he do then? How can you learn without trying? Anyone managed to learn to ride a bicycle without riding it? I dont believe in that. Newbie should or must trade, but he should start with a little deposit. You dont need to have a doctors degree to be able to understand buy low sell high strategy. I think that beginners should trade with little deposits and with low profit expectations.

R


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February 21, 2023, 08:52:42 AM
 #16

Trading isn't a hobby, so if your friend is just using his spare time to trade, better stop and just put his money on mutual funds. If your friend truly has an interest in charting and stuff, then it's fine to put in more time. Every pro was once a beginner, so yeah trading is good for a beginner "with packages" e.g. serious, determined, good at math, etc.

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February 21, 2023, 11:25:28 AM
 #17

Cryptocurrency market is cruel and it's not easy to start with investing or trading. You need to have strong mentality and good discipline to invest and trading well.

With trading, you need to have good knowledge about trading technically and must be very disciplined to close your positions when market looks risky and move oppositely with your thought. Trading is not easy for newbies, junior and senior because not many traders can gain profit in long term.

In a summary, investing is better than trading is my lesson.
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February 21, 2023, 11:30:01 AM
 #18

No one can venture into trading without intensive training or mentoring to know how the cryptocurrency market or forex market works. I just wonder why one could used his life savings into trading without adequately get routed into trading. However, beginners are not meant to just jump into trading without starting with at least Demo account this would help to position and enhance their trading skill before finally funding their account to start full time trading.

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February 21, 2023, 11:51:03 AM
 #19

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.
Yes they can trade, but expect them to lose money right away.
Becoming a trader is not easy, it will take a lot of time before you call yourself as a real trader, so as a beginner its your job to learn more and know how the market works, you should not trade if you still don't know what to do not unless you can afford to waste money. Trading is good but for beginners, you should go through the process.
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February 21, 2023, 11:55:45 AM
 #20

Can a person be a trader without a general understanding of the financial markets? Is your friend ready to make the right decisions, have an understanding of market trends, and have the ability to manage risk and their own emotions? Well, in addition, to having the ability to adapt to changes in the market, All this and much more do not come in one day; experience and long practice are needed, which bring both mistakes and victories. Of course, if there is interest, it must be thoroughly studied, but one must be prepared that many ravines can be encountered along the way, which ultimately destroy the desire to trade.

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February 21, 2023, 12:21:32 PM
 #21

If a newbie should avoid trading, what should he do then? How can you learn without trying? Anyone managed to learn to ride a bicycle without riding it? I dont believe in that. Newbie should or must trade, but he should start with a little deposit. You dont need to have a doctors degree to be able to understand buy low sell high strategy. I think that beginners should trade with little deposits and with low profit expectations.
Well, there are a lot of ways to earn money here in cryptos not just in trading. If one avoids or doesn't like it then they can always do investing. There is also staking, lending and maybe gambling? Though this one is a little bit riskier than trading but if you have a good skills, experience, and knowledge especially in sports betting then it could work similar to trading.

If one has a passion or interest in trading then they need to try and keep on trying. If they successfully overcome the hardhips of it then I am sure that they will be a good trader in the future. It make sense to start with small as a beginner because they have no or limited knowledge available.

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February 21, 2023, 12:42:43 PM
 #22

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

After been told it just for them to choice on the candles sticks if it's up the they want to choice or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for sure person to begin trading?
It seems not to work as he wanted it to. We can't disclose the fact that trading knowledge is very important in trading. If we wanted to succeed and earn a profit, we should invest time in learning how it works. Newbies could start trading but I don't encourage that to anyone, it was still in the best position to have at least knowledge about basic trading and gradually improve it. But in the case of your friend, as he put all his savings into this stuff, that is definitely not a good idea. He instead start for small amount while still the process of learning, it is too risky for his situation as a newbie.

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February 21, 2023, 12:48:12 PM
 #23

If a newbie should avoid trading, what should he do then? How can you learn without trying? Anyone managed to learn to ride a bicycle without riding it? I dont believe in that. Newbie should or must trade, but he should start with a little deposit. You dont need to have a doctors degree to be able to understand buy low sell high strategy. I think that beginners should trade with little deposits and with low profit expectations.
Well, there are a lot of ways to earn money here in cryptos not just in trading. If one avoids or doesn't like it then they can always do investing. There is also staking, lending and maybe gambling? Though this one is a little bit riskier than trading but if you have a good skills, experience, and knowledge especially in sports betting then it could work similar to trading.

If one has a passion or interest in trading then they need to try and keep on trying. If they successfully overcome the hardhips of it then I am sure that they will be a good trader in the future. It make sense to start with small as a beginner because they have no or limited knowledge available.
It's possible because some people learn fast and some are looking,when they at how trade earn money,they will do it and she/he will profits more than you and he /she haven't learnt it before.but just for eye looking she/he capture it and start to do it. And some people when tell them with with your mouth, they heard it and put in mind and start to do it,and when see them and ask them, they told you that you have already told what to do how to start and you will be very surprised.and there are some people learn fast in a day, there are some that takes them a weeks,there are some that takes them a months,and there are some that takes them a year.etc

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February 21, 2023, 12:56:59 PM
 #24

...My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade...

Trading, like any other profession, requires special knowledge, without which your efforts will be in vain. Or do you think that a beginner can trade without knowledge, but at the same time cannot be a doctor without having special training for this?

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February 21, 2023, 01:26:10 PM
 #25

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.
Advice him to just hold. Tell him to take an amount he can not afford to lose, after taking the amount, he should not put more than $20 to $50 to be learning how to trade. Some people may not want to agree, but in reality, trading risks is similar to gambling risks. For beginners, trading can be dangerous than gambling. The money he make after many months from that little amount of money used can determine if he should trade or not.

He has a lot to learn if he wants to be a trader. Three of which are most important are risk management, having good strategies and also learning trading indicators.

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February 21, 2023, 01:40:22 PM
 #26

You should advise your friend that while he is saving, he should learn on the way because he is saving money to lose as he has no concrete plan on how he can earn profit from it. For sure, he will just deposited it and guessing the price on where he trade without proper strategy, and he will end up losing his couple of months' savings. Though he can do copy trading, but for sure, he doesn't know anything or what's going on if he puts his money on it. It is really best to have knowledge first, even if you already have money to invest because you'll end up losing if you don't have knowledge of trading.

Thanks for the piece of advice I really appreciate everything you guys have told me and I will make sure he learns how the trading system process works.

Once again thanks for the advice my lovely people.

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February 21, 2023, 03:34:37 PM
 #27

-snip-
The crypto market is never as simple as your friends think, meaning they can lose their all budget because of a small mistake. I don't know exactly how your friends make profit in the market when they don't understand how the market works. I guess he's just gambling on volatility.

Even if he could also make a profit, but basically it was just luck due to volatility. Tell him trading crypto isn't that simple, and he needs to have the knowledge to do it [if he doesn't want to lose his all budget].

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February 21, 2023, 03:43:26 PM
 #28

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

After been told it just for them to choice on the candles sticks if it's up the they want to choice or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for sure person to begin trading?
Without knowledge, its impossible to be successful as s trader for over the period of time so tell him to learn about trading and aspects of technical as well as fundamental analysis then start doing it with 100 dollars and let him to decide whether he can continue or not.

Trading the platform also plays a vital role and with zero knowledge there is possibility of depositing to fake website which is complete replica of reputed exchange or something completely unknown.









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February 21, 2023, 04:28:26 PM
 #29

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

After been told it just for them to choice on the candles sticks if it's up the they want to choice or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for sure person to begin trading?

Without a piece of proper knowledge about trading, if you do it, it looks like you are throwing your money in the water, maybe worst than it. People with good knowledge even do big mistakes.  So there is not a little good stuff in trading if you don't know it. It's always better to work in real/physical life maybe this will give you a little money but you will not lose all of your holdings Smiley

Market conditions are not well like 2017-2017 when people without trading knowledge just invested in a coin and hold it, and after a few days, they got huge profits. But the scenario is now totally different.

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February 21, 2023, 05:39:57 PM
 #30

And let me guess, he must be trading in Futures or two-way trading which looks very easy to implement and looks easy to profit from. Just guessing up or down and that's it.
Of course beginners like this will lose more of their money and it won't last long. When he said he didn't know about trading science, he was just trying to trade like a gamble, because there was no research or analysis whatsoever. Just rely on luck.
You as a person who knows this, it's good to give good and correct advice, because the decisions you take are very risky and you will definitely lose everything.
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February 21, 2023, 05:44:04 PM
 #31

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

After been told it just for them to choice on the candles sticks if it's up the they want to choice or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for sure person to begin trading?
He/she can trade but winning on those trades would probably be out of a sheer luck. Everything starts as a beginner and it's apparent even on geniuses but on trading with no prior experience would be a fool's idea to burn his portfolio. I've been there and it was an expensive mistake thinking I have it all to be a great trader but end up losing all of it in just a day thinking I have what it takes to trade especially on leverage trading.

Remind him when you meet again that he probably need to have knowledge on it or else it will be his huge mistake. This is from my experience and I don't want anybody else to feel that way, it's not for the faint hearted.
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February 21, 2023, 05:50:02 PM
 #32

It's difficult to expect to profit from trading without knowledge, although sometimes it is possible. I hope all beginners know what is the use of knowledge on trading before they trade, it's not like buying and selling usually but there must be analysis even if it's just the basics.

Without sufficient knowledge I think they should only invest long term in bitcoin only. They can buy it now and stick with it while learning how trading works regardless of the type of trading they prefer. This is a safe option for most beginners, but hopefully they will have to learn over time.

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February 21, 2023, 08:52:10 PM
Merited by fillippone (1)
 #33

Unless you want to grind for more than a year and shoulder the losses while you're still learning.

And seriously most times you grind far beyond that space of time or through the life time of the trading experience, getting it right at some point and wrong at some point because of improper knowledge. Everyone wants to do trading just because there are no jobs but not because they have the passion for it.


My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.


Can you drive if you don't know how to drive? No is the answer likewise to your question. Trading needs basic knowledge that will be sufficient for you as a beginner to guide you even when you are making losses not to lose all your capital by knowing how to take lesser risk.
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February 21, 2023, 09:39:06 PM
 #34

If its simple buy and sell, its possible but being a trader is not just about this because it requires analysis and its not easy. Having the right knowledge can be a big help so beginners have to find a way to learn and not just to depend on any guess trading.

Beginners might be attracted by a signal group as well and I’m telling you, its not worth it because it is still better if you know this on your own and better if you can decide for your trades on yo ur own.

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February 21, 2023, 09:41:55 PM
 #35

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

After been told it just for them to choice on the candles sticks if it's up the they want to choice or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for sure person to begin trading?
Just let those people who do start up trading without having knowing about those risks because sooner or later they would really be able to realize on whats the risks involved with trading crypto.
It isnt really just something that you could really easily deal with.Yes, it is really just a matter whether the candle is going up or down or simply red or green but the main question on here is
on how you would be able to consider on making your position?

You would really be making the toughest decision whether you would be buying or selling.Errors and mistakes are common and this would be the main thing
that you would be experiencing it first before you do make yourself that learn.

R


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February 21, 2023, 09:44:08 PM
 #36

During the bull run this happened multiple times. I have met with people who bought doge "just for fun" and made tens of thousands of dollars from it as well, and I have seen people bought the most useless shit I have ever seen which are all gone and worth less than a cent right now, but made thousands from it.

Because during the bull run people make a lot of money from bitcoin first, get their 2x to 5x increases, then they go into other smaller stuff but still top 50, and make their 10x from there, suddenly their 1000 dollars became 50 thousand dollars, what are they going to spend it on? Sure most of it stays in the big name ones, but some of it goes to very terrible small coins all together.

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February 21, 2023, 09:45:42 PM
 #37

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.
He may know how to sell and buy the coin but he may end up with losses because he doesn't have sufficient knowledge in trading.
Trading isn't as easy as people think, it requires knowledge and experience. For someone who is interested in trading, better to focus on learning first and know how crypto trading nature. He also needs to know about the characteristic of crypto market, it is not the same as the stock market. Crypto market is a bit difficult to predict and the trend is easy to change at any time. So, without sufficient knowledge, it is rather impossible for newcomers to trade properly and get success in trading.


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February 21, 2023, 09:59:03 PM
 #38

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

After been told it just for them to choice on the candles sticks if it's up the they want to choice or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for sure person to begin trading?
Learning is what makes us a good trader whether we are ready to learn or not. There is no way you can trade successfully without learning the art of trading. You need to learn how people get to understand the market with a single look. There are so many strategies for us to make us of and it is until we understand the market before we start using them.

If op is ready to learn them you will surely understand much about the market and trading entirely. One thing that  is need is for op to get ready to learn slowly not with too much zeal or curiosity that could lead to something else.









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when lambo...


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February 21, 2023, 10:17:12 PM
 #39


My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

We will just realize later when trading the importance of having the knowledge of what we do.
Preparation - we can't do trade without knowledge and this is a part of our preparation. We can't just jump into something that we never know yet otherwise, this is a suicidal attempt. Honestly, we can't underestimate trading, not the market volatility as well which means that we need to learn at least the basic of trading before starting as the least requirement, or else, regrets is only what we get.

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February 21, 2023, 10:35:31 PM
 #40

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.
I think it's better you go back and meet the person and tell him not to start trading with everything he/she is having. Firstly in Cryptocurrency always invest or trade with any amount you can afford to lose, even if you are a professional always investing what you can afford to lose, so I believe a newbie should be extra careful, if you want to start trading as a beginner, you have to trade with just little amount, I see no reason why you should trade with all your savings, that's rubbish.
My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.
I think you don't also know about trading, if you really know about trading you should know the appropriate answer to give the person and you don't have to ask the question here again. A newbie can definitely learn how to trade, but he/she should be ready to learn, also he/she should trade with just little amount. We a started as newbie, even professional trader's started as newbie.

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February 21, 2023, 10:49:02 PM
 #41

Someone who doesn't have the basic foundation of trading can't be able to make positive profit for the first months, we all know that trading is all about finances and before you began to make a reasonable amount of profit through trading you most undersgoes learning which enables you to understand the rudiments of trading. Once you have a brief knowledge of trading, you can be able to acquire more knowledge through consistent trading, and it's obvious that you lost can make you as a beginner to be smart of understanding the systematic of trading, because when you lose first and second time in trading you will try to identify the area your fault is coming from.

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February 21, 2023, 10:53:25 PM
 #42

Anyone can trade yes, it's basic. Beginners can trade too, but don't expect a win, profit, and huge profit more often.
Most traders losses, even a pro traders do, how much more a mere beginners where they doesn't know the technicalities, how to read charts, always use emotion when trading. Especially we are talking about crypto trading ha? It may look like easy but it could hurt a lot.

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February 21, 2023, 11:06:19 PM
 #43

no I don't think so, trading quite honestly is a lot more difficult than just investing. it requires tremendous effort in just creating some profits out of your trading that I think even some veteran aren't really cut it to be traders. the thing is, by trading you should create some series of good decision in order to make your trading succesfull and you're quite literally gonna be against the whales that most of the time manipulates. If you think you are smart enough to go against then wave then you can try, but always know that trading honestly really difficult if you want consistency in creating the profit. luck also have huge factor in determining your success honestly.

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February 22, 2023, 01:26:27 AM
 #44

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.
It's important that you have knowledge about trading because that's how you'll understand how to do it right and how you can possibly earn when you trade. Trading without knowledge like what your friend want is very risky and he will likely face losses. If he value his hard-earned money then he won't enter in trading without knowing what he's getting into.

Therefore if he really wants to be a trader, advice him to not rush things and take time to learn before anything else because knowledge is vital in trading.

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February 22, 2023, 02:51:42 AM
 #45

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

After been told it just for them to choice on the candles sticks if it's up the they want to choice or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for sure person to begin trading?
Someone without knowledge about trading can do it if that is their choice but they should not expect to obtain any profits out of it, and instead they should assume they are going to experiment dramatic losses in a short amount of time.

Trading is an extremely difficult way to make money and only those are the very top when it comes to skill have any hope to make any, so tell that to your friend and if they still decide to trade even when they get know this information then there is nothing else you can do except to wait for your friend to lose everything.

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February 22, 2023, 06:54:30 AM
 #46

Anyone can trade yes, it's basic. Beginners can trade too, but don't expect a win, profit, and huge profit more often.
Most traders losses, even a pro traders do, how much more a mere beginners where they doesn't know the technicalities, how to read charts, always use emotion when trading. Especially we are talking about crypto trading ha? It may look like easy but it could hurt a lot.
The professional traders too lose, even some of professional traders may win more often but find themselves having bad luck because that is just trading. But anyone that follows the right step have the more tendency to have an overall win than loss. Fir beginners, they can trade too, but they should consider themselves s beginners and they should use just little amount of money that they can afford to lose because they are more likely to always lose as they continue to learn and having more experience in trading.

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February 22, 2023, 07:06:46 AM
 #47

Anyone can trade yes, it's basic. Beginners can trade too, but don't expect a win, profit, and huge profit more often.
Most traders losses, even a pro traders do, how much more a mere beginners where they doesn't know the technicalities, how to read charts, always use emotion when trading. Especially we are talking about crypto trading ha? It may look like easy but it could hurt a lot.
The professional traders too lose, even some of professional traders may win more often but find themselves having bad luck because that is just trading. But anyone that follows the right step have the more tendency to have an overall win than loss. Fir beginners, they can trade too, but they should consider themselves s beginners and they should use just little amount of money that they can afford to lose because they are more likely to always lose as they continue to learn and having more experience in trading.
In that case, I'd rather not to trade but just to prior learning first before making a step to actually trading. We have to prepare ourselves for this, in fact, pro traders had also suffered losses though we know that they already have a lot of trade experience how much more for a beginner who tried to have luck without knowledge about this? Not to wonder why newbies always complain about their losses because in the first place, they are too aggressive but totally no how about what they do. 

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February 22, 2023, 07:31:32 AM
 #48

If a newbie should avoid trading, what should he do then? How can you learn without trying? Anyone managed to learn to ride a bicycle without riding it? I dont believe in that. Newbie should or must trade, but he should start with a little deposit. You dont need to have a doctors degree to be able to understand buy low sell high strategy. I think that beginners should trade with little deposits and with low profit expectations.
Well, there are a lot of ways to earn money here in cryptos not just in trading. If one avoids or doesn't like it then they can always do investing. There is also staking, lending and maybe gambling? Though this one is a little bit riskier than trading but if you have a good skills, experience, and knowledge especially in sports betting then it could work similar to trading.

If one has a passion or interest in trading then they need to try and keep on trying. If they successfully overcome the hardhips of it then I am sure that they will be a good trader in the future. It make sense to start with small as a beginner because they have no or limited knowledge available.

I know there are a lot of ways how to earn crypto besides trading, but OP asked exactly about trading. I dont believe something can be achieved without trying for real. Reading tons of literature wont also be very useful. Theoretical knowledge does not have much value if you dont use that knowledge on practice. Demo accounts are useless, as trader does not risk at all. People here have adviced OP to read trading books, try demo, dont trade. That all wont help him to become a trader if he dont start to trade.

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February 22, 2023, 08:53:51 AM
 #49

Some meet me and we were have conversation on trade and he told me that he has putting all he has been saving in it and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.

After been told it just for them to choice on the candles sticks if it's up the they want to choice or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for sure person to begin trading?
You can’t stop those beginners if they want to trade, as they still believe that trading will give them quick profits. But if you aim to maximize profits when trading, do not trade unless you are ready, unless you have gained the basic knowledge and skills required in trading. That way, you won’t have to endure huge losses like what those newbies have experienced. And make sure once you trade, never anticipate for huge profits at first, as losses will always be inevitable for first timers.
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February 22, 2023, 09:04:29 AM
 #50



My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade.



Trading is considered the hardest job, so if you don't have the knowledge it's best not to try. Whether it's trading or investing or whatever, without the knowledge I can say that you won't do anything. Knowledge is the only way to success in any field. And in trading without knowledge is like gambling, not trading. The newbie can still start trading, but you need to start with knowledge along with practice and not just rely on your emotions to trade.

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February 22, 2023, 11:54:02 AM
 #51

How can someone with no knowledge get to trade? It's like burning their money. After all, knowledge is the main thing in any case. Moreover, this requires them to spend capital which is later expected to be able to give them a profit. Even someone who already has knowledge in trading sometimes finds it difficult to determine when he should enter and it is not uncommon for them to experience losses. And what you are talking about is a person who has no knowledge of trading, I suggest that you first tell him to learn first.

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February 22, 2023, 12:38:40 PM
 #52

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
Considering my experience, I would advise against trading if you are unfamiliar with it. I enrolled in mentorships and picked up a lot of knowledge to succeed in trading. Even though you have all the information you need, it can be challenging to follow because emotions are involved when trading with a real account. I've heard that 90% of traders lose money. Therefore it's really not possible for us to be among the 10% of successful traders without expertise.
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February 22, 2023, 02:42:09 PM
 #53

Considering my experience, I would advise against trading if you are unfamiliar with it. I enrolled in mentorships and picked up a lot of knowledge to succeed in trading. Even though you have all the information you need, it can be challenging to follow because emotions are involved when trading with a real account. I've heard that 90% of traders lose money. Therefore it's really not possible for us to be among the 10% of successful traders without expertise.
I was advised to use the Ets platform, which offers very high quality brts for trading with ready-made algorithms.  Maybe in this case, the beginner can be lucky?

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February 22, 2023, 02:46:25 PM
 #54

Considering my experience, I would advise against trading if you are unfamiliar with it. I enrolled in mentorships and picked up a lot of knowledge to succeed in trading. Even though you have all the information you need, it can be challenging to follow because emotions are involved when trading with a real account. I've heard that 90% of traders lose money. Therefore it's really not possible for us to be among the 10% of successful traders without expertise.
I was advised to use the Ets platform, which offers very high quality brts for trading with ready-made algorithms.  Maybe in this case, the beginner can be lucky?
Are they special or different from other bots in some way? How long has ETS been on the market?
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February 22, 2023, 04:50:44 PM
 #55

Doing trading without complete knowledge is such a big risk for beginners. It's like you are applying for a job without any idea about the job description. For sure, your friend has the wrong mindset towards trading and only sees it as a way of earning without considering the risks. Even trading professionals are continuously learning because trading is a broad thing. There are already lots of ways to learn about trading nowadays so a person who wants to make a profit through trading should try to learn first.
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February 22, 2023, 05:11:20 PM
 #56

Doing trading without complete knowledge is such a big risk for beginners. It's like you are applying for a job without any idea about the job description. For sure, your friend has the wrong mindset towards trading and only sees it as a way of earning without considering the risks. Even trading professionals are continuously learning because trading is a broad thing. There are already lots of ways to learn about trading nowadays so a person who wants to make a profit through trading should try to learn first.
Yo, as a professional trader, I totaly feel ya on that comment, bro. Tradin ain't just about makin bank, it's about havin a deep understandin of the market and continuously learnin. You cant just jump in ther blind, you gotta have a solid plan, know the tradin stragies, and the risks involved. It's like startin biz, you need to know the market and your competition to succeed.

But let me tell ya, tradin can be hella fun and creativ if you do it rite. It takes a combo of technical skills, knowledge, and creativty to be a dope trader. You gotta be open-mindd, flexible, and willing to take risks, kind of like playin chess. You gotta think strategically and creatively. I remeber this one time I tried out a unique tradin strategy using a combo of technical and sentimental analysis. It was a bit unconventional, but it worked, and I made some seriouss dough.

So, to all the newbies out there, my advice is to learn as much as you can, but dont be afraid to be creative in your approach to tradin. It's not just about followin the rules, it's about being flexible and creative in the market. Get out ther and make some moves
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February 22, 2023, 09:01:31 PM
 #57

Doing trading without complete knowledge is such a big risk for beginners. It's like you are applying for a job without any idea about the job description. For sure, your friend has the wrong mindset towards trading and only sees it as a way of earning without considering the risks. Even trading professionals are continuously learning because trading is a broad thing. There are already lots of ways to learn about trading nowadays so a person who wants to make a profit through trading should try to learn first.
I like the way you described what the OP was talking about, it's a very good yet simple comparison that can be easily understood. I still can't figure out why there are so many beginners who are braver than someone with experience, even if they don't have the knowledge. I don't know what was in their minds so they could do something they didn't even know what they were doing. Trading is not that simple, not just making entries and then taking profits, but there is a lot to learn, starting from understanding what trading is and something more complicated than that.

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February 22, 2023, 09:22:29 PM
 #58

Doing trading without complete knowledge is such a big risk for beginners. It's like you are applying for a job without any idea about the job description. For sure, your friend has the wrong mindset towards trading and only sees it as a way of earning without considering the risks. Even trading professionals are continuously learning because trading is a broad thing. There are already lots of ways to learn about trading nowadays so a person who wants to make a profit through trading should try to learn first.
I like the way you described what the OP was talking about, it's a very good yet simple comparison that can be easily understood. I still can't figure out why there are so many beginners who are braver than someone with experience, even if they don't have the knowledge. I don't know what was in their minds so they could do something they didn't even know what they were doing. Trading is not that simple, not just making entries and then taking profits, but there is a lot to learn, starting from understanding what trading is and something more complicated than that.
Because simply they are really that letting that greed inside them tolerate it out which they do believe that they could make themselves that rich out of trading.Yes, its possible
but it wont really be that good if you would really be having this kind of mindset on which would really make you that desperate or really in rush.We do know that trading isnt
something that you could able to bare and handle it out on few tries or on shortest time as possible.Sooner or later you would really be able to realize up things
that not how these things do works.
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February 22, 2023, 10:08:22 PM
 #59

There's a reason why a huge majority of people lose tremendous amounts of money with trading — simply because it's not easy and it's definitely not for everyone.

Seriously, trading is overrated. Go get a job or start a business instead. Unless you want to grind for more than a year and shoulder the losses while you're still learning.
Precisely. Newbies should not start trading unless they become skilled and knowledgeable on it since trading itself is not easy and is very risky. Although they can trade as much as they want to, but they should prepare for the consequences and that is losing more than they can afford to lose. Simply because, trading needs a lot of experience so you will be profitable, and let’s just say anyone can do trading, but trading is certainly not for everyone.

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February 22, 2023, 10:55:34 PM
 #60

There's a reason why a huge majority of people lose tremendous amounts of money with trading — simply because it's not easy and it's definitely not for everyone.

Seriously, trading is overrated. Go get a job or start a business instead. Unless you want to grind for more than a year and shoulder the losses while you're still learning.
Precisely. Newbies should not start trading unless they become skilled and knowledgeable on it since trading itself is not easy and is very risky. Although they can trade as much as they want to, but they should prepare for the consequences and that is losing more than they can afford to lose. Simply because, trading needs a lot of experience so you will be profitable, and let’s just say anyone can do trading, but trading is certainly not for everyone.
^Accept the possible circumstances.
It is also important for beginners to be aware of the potential risks and pitfalls of trading, such as losing money, emotional biases, and scams. It is recommended to start with a small amount of money that you can afford to lose and gradually increase your investment as you gain experience and confidence. Always put in mind that crypto trading carries a significant amount of risk. The cryptocurrency market is known for its volatility and unpredictability, and prices can fluctuate rapidly and dramatically, this means that losses can occur just as quickly as gains.
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February 23, 2023, 05:39:27 AM
 #61

[~snipped~]
My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

This doesn't only apply to trading but to every other aspect of life, if you lack of the knowledge of a certain things and then decide to indulge in it with the aim of getting profit from it without even trying to first get the knowledge that you lack you're only going to end up with everything gone. So if you or your friend go into trading without the appropriate knowledge needed the first thing that you or your friend should strive for first once you start trading is to gain experience and also learn how the market work. I know sometimes some newbies with beginners luck tend to do pretty well and because of that they feel that there's no more need to learn about it and at the end they'll leave with nothing in their pocket.
Op, you first try to get the knowledge needed for trading and when you feel you've acquire enough knowledge then you can start trading with small funds (the amount that you can afford to lose) and before you know what's happening you'll be a pro. But just know that you're going to lose tons of money before then but if you're able to withstand then you can make it.

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February 23, 2023, 06:39:40 AM
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 #62

Doing trading without complete knowledge is such a big risk for beginners. It's like you are applying for a job without any idea about the job description. For sure, your friend has the wrong mindset towards trading and only sees it as a way of earning without considering the risks.

You said it all correct, I think that his friend need help before he puts himself in a situation that he can't get out of and that spoils the whole hopes he had for the market. Before we engage ourselves in anything that involves making money, we should always realized that we can lose money as well so if we don't understand what we are getting involved in then we shoudn't proceed.

Learning how to trade can be done from the comfort of our homes as we have very good tutorial on YouTube and other streaming platforms that can give you a break down on how to trade. We also have previous traders selling courses that can help you but while you search for that, you should be careful to avoid been scammed.

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February 23, 2023, 07:46:48 AM
 #63

I'm confused about the question.

Like, everyone who just started trading is a beginner, even professional traders was once a beginner. But here's my take about this matter. Trading is not gonna be profitable unless you're willing to risk everything just to make yourself at the level where you could make profits. Trading is not a short term process, it is a very long term process depending on how much efforts you're putting to make yourself grow as a trader.

If you're thinking it could make anyone rich overnight, it is not. It's not that easy, it is complicated.
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February 23, 2023, 09:30:05 AM
 #64

Anyone can trade yes, it's basic. Beginners can trade too, but don't expect a win, profit, and huge profit more often.
Most traders losses, even a pro traders do, how much more a mere beginners where they doesn't know the technicalities, how to read charts, always use emotion when trading. Especially we are talking about crypto trading ha? It may look like easy but it could hurt a lot.
Trading does not guarantee profits even for those who are veterans in this field. And most likely, trading results into losses that’s why we have to be skillful first before we start trading so that we can lessen the risk of losing too. However, I believe trading is open for everyone, even for beginners. As long as you have the sufficient capital to trade, then it’s good to go. But never expect that you will not endure losses along the way, as losses will happen to everyone but some just chose to learn more about trading and improve their trades, that’s why we have successful traders today.

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February 23, 2023, 10:23:09 AM
 #65

...We also have previous traders selling courses that can help you but while you search for that, you should be careful to avoid been scammed.

If newbies want to start trading, start with YouTube lessons, I think it is enough for them. Stay away from expensive courses because I believe that if someone has a secret or an exclusive method that can help them earn millions of dollars from the transaction, they will not need to sell courses to get money. Trading requires experience, not just an empty theory, so instead of using money to buy courses, use it to experience trading, and you will grow from it.



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February 23, 2023, 11:12:51 AM
 #66

After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
Your friend is like the proverbial "child who wants to run before he walks." In fact, he's starting out on the wrong foot and risks losing all of his assets.

Why the rush, if I may ask? Why not count one before you count two?  Maybe he feels that trading is a way to get rich quick, but without the proper knowledge and strategy in place, he's in for a very rude shock. Every newbie trailer must be patient and it takes time to learn and earn unless he is in for the short run because with his strategy, he wouldn't even last a moment. No amount of luck will favour him.

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February 23, 2023, 12:55:56 PM
 #67

If the person want to engage into community of trading I guess better if they make seek a knowledge first regarding with the trading fundamentals by that they can now build a strong knowledge so they can make an execution properly we know trading is all about the knowledge, updated in news and at the same time strategy, if you have those there's a chance you can make a good profit, to the beginners ideal if they use the paper trading supported in the trading view.

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February 23, 2023, 02:18:16 PM
 #68

If newbies want to start trading, start with YouTube lessons, I think it is enough for them. ..

As a rule, a beginner understands that he needs knowledge only when he loses his deposit. After all, according to a beginner, trading is not difficult at all. To do this, it is enough to buy at the minimum price and sell at the maximum. Only here it is impossible to determine where this minimum and where will be the maximum, without knowledge.
 

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February 23, 2023, 04:04:43 PM
 #69

Anyone can trade yes, it's basic. Beginners can trade too, but don't expect a win, profit, and huge profit more often.
Most traders losses, even a pro traders do, how much more a mere beginners where they doesn't know the technicalities, how to read charts, always use emotion when trading. Especially we are talking about crypto trading ha? It may look like easy but it could hurt a lot.
Trading does not guarantee profits even for those who are veterans in this field. And most likely, trading results into losses that’s why we have to be skillful first before we start trading so that we can lessen the risk of losing too. However, I believe trading is open for everyone, even for beginners. As long as you have the sufficient capital to trade, then it’s good to go. But never expect that you will not endure losses along the way, as losses will happen to everyone but some just chose to learn more about trading and improve their trades, that’s why we have successful traders today.
Tradin ain't no joke, its a game of probability. Even the dopest traders can catch Ls. But don't trip, those Ls aint failures, they're opportunites to learn and improv. As a trader myself, I've had my fair share of losses, but I'm different from the rest cuz I learn from my mistaks and level up my trades. You gotta have a solidd plan, manage your risks, and stick to the script, no matter whatt. And most importantly, don't let your feelings mess with your head when your tradin. I remember this one time I let my emotions run wild, and I made a move that cost me big time. Lookin back, it was hilarious, but it taught me to always stay focused and disciplined. So, for all you newbies out there, take it easy, start small, learn the game, and be patient. With time and practic, the profits will come rollin' in!
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February 23, 2023, 04:16:25 PM
 #70

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
@Sakanwa, trading methods on the crypto market have many loopholes and ways you can do them, such as: Futures, Margin, daily, minutes and so on, in essence: return to yourself and include your trading knowledge, my advice, don't trade before you master a few things about crypto trading science, if you insist on doing without trading knowledge, just wait for all your money to lose in the online crypto market.

Considerations for beginners in the world of crypto.
* Make investments in the long term for beginners, before you master the science of trading, investing is lower risk than trading.

R


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February 23, 2023, 06:54:43 PM
 #71

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
I guess it’s always a choice if you want to trade with no knowledge and skills in trading, as anybody is free to do trading as long as he want. But most likely, you will only trade to lose so it’s a disadvantage on your part. That is why beginner traders should gain first hand knowledge and some working strategies before they start trading, because trading is never easy and is always risky if you insist random trading. Besides, even professional traders still lose their money in trading, so how much more for a beginner who has no experience at all.

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February 23, 2023, 08:40:38 PM
 #72


I like the way you described what the OP was talking about, it's a very good yet simple comparison that can be easily understood. I still can't figure out why there are so many beginners who are braver than someone with experience, even if they don't have the knowledge. I don't know what was in their minds so they could do something they didn't even know what they were doing. Trading is not that simple, not just making entries and then taking profits, but there is a lot to learn, starting from understanding what trading is and something more complicated than that.
Because simply they are really that letting that greed inside them tolerate it out which they do believe that they could make themselves that rich out of trading.Yes, its possible
but it wont really be that good if you would really be having this kind of mindset on which would really make you that desperate or really in rush.We do know that trading isnt
something that you could able to bare and handle it out on few tries or on shortest time as possible.Sooner or later you would really be able to realize up things
that not how these things do works.
This indirectly returns to the mindset and stigma they have set within themselves.
Actually, seeing from this condition, it is really naive to keep thinking that this is an instant thing, but there are still many who do things like this, which actually backfires and it's like they are digging their own graves.

Indeed, in this case learning and trying is a good thing because experience can be gained from it, but in the condition they try without knowing the basics, this is not trading, but gambling in the hope that their instincts are really strong and win in that choice.

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February 23, 2023, 08:52:57 PM
 #73

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
If trading is that easy every trader would have been a millionaire now, trading by mere watching candlesticks movement is more or less like gambling there are other analysis that needed to be acquired which includes candlestick patterns and Price Action in order to have an edge over the market, there is much knowledge and skills required to become a successful trader and this goes with good numbers of years trading to become consistent in making profit, therefore it's advisable to let that person know the risk involved in trading without any prior knowledge to avoid rekting the fund save for trading

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February 23, 2023, 09:09:44 PM
 #74

Anyone can trade yes, it's basic. Beginners can trade too, but don't expect a win, profit, and huge profit more often.
Most traders losses, even a pro traders do, how much more a mere beginners where they doesn't know the technicalities, how to read charts, always use emotion when trading. Especially we are talking about crypto trading ha? It may look like easy but it could hurt a lot.
The professional traders too lose, even some of professional traders may win more often but find themselves having bad luck because that is just trading. But anyone that follows the right step have the more tendency to have an overall win than loss. Fir beginners, they can trade too, but they should consider themselves s beginners and they should use just little amount of money that they can afford to lose because they are more likely to always lose as they continue to learn and having more experience in trading.
Just by looking at 2008 we could easily say that not only they lose, they could lose in a disaster level as well. We are talking about 800 billion dollar bail out, you know what you can do with that much money?

It is said that it was a "loan" that got repaid in 10+ years, but if you gave 800 billion dollar loans to people, they would have repaid it back eventually as well, that is not the point, or even if they didn't, that would have been money in the circulation helping people, instead of banks getting the money and the houses and then repaying eventually that way, made no sense at the time. So all in all, we all know that professional traders make a mistake too.
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February 23, 2023, 09:24:36 PM
 #75

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
To trade without knowledge is not a good idea but this never stops them from deciding it as long as they also wanted to do it. But what went wrong with your friend is that he take all his savings into trading, a wrong move from a newbie who never had an experience in trading. I would say that you need to stop him and educate him first. He needs to know the consequences of his situation because in this case, I see that your friend is too confident that he can make it all good without minding the risk. Yet, he should consider that since he is a newbie and besides, he don't have knowledge in trading.



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February 23, 2023, 09:33:13 PM
 #76

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
Definitely, not good. Beginners will only ruin their trades and lose their money because how could they win their trades if they don’t have even the basic knowledge and skills needed in trading. There should be a thorough research and study at first, that will develop newbies to adopt the right mindset in trading, otherwise newbies will only trade just for experience and never for profits. Although it’s a good thing too as experience will make a trader improve his performance, but it would be best if you trade both for experience and profits.

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February 23, 2023, 10:17:20 PM
 #77

Can a person be a trader without a general understanding of the financial markets? Is your friend ready to make the right decisions, have an understanding of market trends, and have the ability to manage risk and their own emotions? Well, in addition, to having the ability to adapt to changes in the market, All this and much more do not come in one day; experience and long practice are needed, which bring both mistakes and victories. Of course, if there is interest, it must be thoroughly studied, but one must be prepared that many ravines can be encountered along the way, which ultimately destroy the desire to trade.


Well I appreciate your advice but what then do you think will happen if he fails after getting all the basic things in line and still didn't get profit does it mean that his not fully thought or what.

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February 23, 2023, 11:13:31 PM
 #78

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.

Generally, it's impossible for a newbie to make continuous profit from trading. They might win once or twice by luck, but without knowledge, they won't be able to maintain the profit. On the other hand, if someone wants to join crypto currencies trading with no proper knowledge, they can hand their account over to an experienced trader through an API. This method is widely used in crypto, and I know some traders who make reasonable profit for others, then take their percentage of the profit.

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February 23, 2023, 11:53:59 PM
 #79

Well I appreciate your advice but what then do you think will happen if he fails after getting all the basic things in line and still didn't get profit does it mean that his not fully thought or what.
In trading even you knew the basic things or the pro things it doesn't guarantee profit. There are lots of unexpected things that may happen. What you can always do is proceed with caution and lessen the damage if ever price falls using stop-loss and many others.

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February 24, 2023, 02:54:32 AM
 #80

Every legendary trader today was a beginner at some point, no one woke up one morning and became a good trader. So for you to excel in trading you have to give yourself to learning the basics of what trading entails, the psychological aspects of it and the  analytical, for it takes much more than just working on candlesticks to making a good trader and for a beginner candlesticks can be deceiving and misleading with possible fake out trend(candlestick), that can lead to drastic loss at a go.

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February 24, 2023, 07:07:09 AM
 #81

no I don't think so, trading quite honestly is a lot more difficult than just investing. it requires tremendous effort in just creating some profits out of your trading that I think even some veteran aren't really cut it to be traders. the thing is, by trading you should create some series of good decision in order to make your trading succesfull and you're quite literally gonna be against the whales that most of the time manipulates. If you think you are smart enough to go against then wave then you can try, but always know that trading honestly really difficult if you want consistency in creating the profit. luck also have huge factor in determining your success honestly.
Luck is also essential in trading but it’s knowledge and skills that should be prioritized first. Without them, a trader may only lose his money and waste his time and effort. That is the reason why beginners are advised not to trade unless they are ready to lose, and most especially they already have background about trading and how it will be profitable. Trading is hard and quite complicated as there are a lot of factors to consider before trading, so one must trade only if he is mentally, emotionally and financially ready.

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February 24, 2023, 09:32:59 AM
 #82

Can someone who has never learnt how to talk, walk or eat do any of this things. The answer is obviously no the same applies to trading. It is either one becomes a trader or a gambler in the market and there is nothing like little knowledge when it comes to trading. To succeed in trading it entails steady research and studying even when the foundation is solid.

The worst way to trade is to follow candle sticks blindly, maybe enter a buy order because the candle is green and moving up or sell order because the candle is moving down and it is red. There are mechanisms that controls this candle stick and every candle on all the time frame tell a story of a long and short term trend. It is better to learn the act of trading than try things out using imaginations and expectations.
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February 24, 2023, 10:42:50 AM
 #83

This doesn't only apply to trading but to every other aspect of life, if you lack of the knowledge of a certain things and then decide to indulge in it with the aim of getting profit from it without even trying to first get the knowledge that you lack you're only going to end up with everything gone. So if you or your friend go into trading without the appropriate knowledge needed the first thing that you or your friend should strive for first once you start trading is to gain experience and also learn how the market work. I know sometimes some newbies with beginners luck tend to do pretty well and because of that they feel that there's no more need to learn about it and at the end they'll leave with nothing in their pocket.
Op, you first try to get the knowledge needed for trading and when you feel you've acquire enough knowledge then you can start trading with small funds (the amount that you can afford to lose) and before you know what's happening you'll be a pro. But just know that you're going to lose tons of money before then but if you're able to withstand then you can make it.
Unfortunately it is the truth, there isn't anything we could do to make those people understand that it requires a lot of time and patience in order to study and be a lot better.

Most of the time the learning curve is a bit tricky on most subjects, you can learn more than most people in a matter of days, at most a few weeks, doesn't matter what the topic is, but in order to master it you should be able to spend months and months on it, and that creates the trouble, being better than almost everyone aside from masters, and yet not reaching that master level for so long, makes it harder to put time into it and just want to do it and test their skills, which ends up in a loss.

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Vaculin
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February 24, 2023, 11:18:02 AM
 #84

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
Beginners are free to trade if they really want to but we can’t expect for beginners to win over the market and make significant profits. They only trade mostly with greed, yet they still end up making mistakes and inevitable losses. The reason why beginners are not advise to trade even if they have high passion in trading. However, once they gained enough knowledge in trading, they can start trading but they should also gain more experiences too so they can hone their skills in trading and eventually make successful trades.
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February 24, 2023, 01:09:55 PM
 #85

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
Beginners are free to trade if they really want to but we can’t expect for beginners to win over the market and make significant profits. They only trade mostly with greed, yet they still end up making mistakes and inevitable losses. The reason why beginners are not advise to trade even if they have high passion in trading. However, once they gained enough knowledge in trading, they can start trading but they should also gain more experiences too so they can hone their skills in trading and eventually make successful trades.

Trading is complex and unpredictable, if you just learn the theory without practice, you won't be able to get the full experience nor gain experience. So, in my opinion, newbies can still trade and combine knowledge at the same time, both practice and learning knowledge will help them absorb and learn faster.
I like what Kasabus said: when you are mentally, emotionally, and financially ready, you can start trading. Knowledge and experience will be created during your trading.

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February 24, 2023, 03:08:03 PM
 #86

Luck is also essential in trading but it’s knowledge and skills that should be prioritized first. Without them, a trader may only lose his money and waste his time and effort. That is the reason why beginners are advised not to trade unless they are ready to lose, and most especially they already have background about trading and how it will be profitable. Trading is hard and quite complicated as there are a lot of factors to consider before trading, so one must trade only if he is mentally, emotionally and financially ready.
Trading is like sports betting because sports betting mainly involves knowledge and skills but if you will still lose your bets then it only translates that you don't have that little pinch of luck. Sports betting is a kind of gambling but trading can be like a gambling too if one will just trade blindly and won't learn the fundamentals of it.

As a beginner in trading I think this was still acceptable and we shouldn't think about the money and time that we spend with it or the ones that we lose. We shouldn't say that they are useless because how can we build experience if don't make a mistake? We even have the saying that mistakes are the best teacher.

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February 24, 2023, 04:21:35 PM
 #87

Trading is complex and unpredictable, if you just learn the theory without practice, you won't be able to get the full experience nor gain experience. So, in my opinion, newbies can still trade and combine knowledge at the same time, both practice and learning knowledge will help them absorb and learn faster.
I like what Kasabus said: when you are mentally, emotionally, and financially ready, you can start trading. Knowledge and experience will be created during your trading.

most beginners even try trading first instead of learning and understanding how trading is done in the market. but what you said is right, those who have studied with a lot of knowledge should also try to gain enough experience. some exchanges provide a demo account. it can be done for those who are not strong enough financially. but it's pretty good for trying to apply learned skills. but to get a more convincing sensation, trading with small capital can be done. trading will not always be profitable, and we will also sometimes lose.


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February 24, 2023, 04:49:17 PM
 #88

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or trade and be profitable in it?

The answer is simple as hell. No. Trading is not rocket science. But, it's not easy as well. If you know that you cannot drive a car, why would you buy a car in the first place? You have learned at some point if you want to drive a car. So, why not learn how to drive first and then buy a car?

Well, you can learn how to drive even after you buy the car but who knows? You may hit your new car during the learning process. So, it would be better if you learn first and then do it practically. There are a lot of trading platforms available that offer demo balances to try their platform. Your friend should try them first and learn how to trade. When he will see that he is confident, he can try with real money.

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February 24, 2023, 05:25:39 PM
 #89

Trading is complex and unpredictable, if you just learn the theory without practice, you won't be able to get the full experience nor gain experience. So, in my opinion, newbies can still trade and combine knowledge at the same time, both practice and learning knowledge will help them absorb and learn faster.
I like what Kasabus said: when you are mentally, emotionally, and financially ready, you can start trading. Knowledge and experience will be created during your trading.

most beginners even try trading first instead of learning and understanding how trading is done in the market. but what you said is right, those who have studied with a lot of knowledge should also try to gain enough experience. some exchanges provide a demo account. it can be done for those who are not strong enough financially. but it's pretty good for trying to apply learned skills. but to get a more convincing sensation, trading with small capital can be done. trading will not always be profitable, and we will also sometimes lose.

We've all became beginners in trading and we can say our adapted knowledge from different resources through our research will not be applicable unless we try applying it in actual trading. Yes, experience is necessary for is to learn more. Not all strategies and market analysis could be learned through self-study but they could be acquired from our trading experiences.
Trading could be for everyone but we have to keep in mind that not everyone could get rich or be successful in trading because not everyone could handle its risks.
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February 26, 2023, 07:06:39 AM
 #90

Trading is complex and unpredictable, if you just learn the theory without practice, you won't be able to get the full experience nor gain experience. So, in my opinion, newbies can still trade and combine knowledge at the same time, both practice and learning knowledge will help them absorb and learn faster.
I like what Kasabus said: when you are mentally, emotionally, and financially ready, you can start trading. Knowledge and experience will be created during your trading.

most beginners even try trading first instead of learning and understanding how trading is done in the market. but what you said is right, those who have studied with a lot of knowledge should also try to gain enough experience. some exchanges provide a demo account. it can be done for those who are not strong enough financially. but it's pretty good for trying to apply learned skills. but to get a more convincing sensation, trading with small capital can be done. trading will not always be profitable, and we will also sometimes lose.

It is best not to use a demo account because it does not give a real feeling, start with a small capital for the best experience. As a newbie, don't think about how much profit you will make but think about how to minimize the loss. I have a friend who is a forex trader, my friend once told me one thing, in the first 2 years, don't think about profit, but never give up every time you lose. What my friend said is correct, in the first years, I never made a profit, but after many years I was able to make a profit from forex. Trading is a long journey, to achieve success, we need to persevere, and not give up every time we fail.

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February 26, 2023, 09:25:44 AM
 #91

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.
That person actually set themselves up for failure. How do you dabble into something you don't have the faintest idea of? Was it because it's trading which is often erroneously believed to be an all comers affair? It's like going to fly an airplane without the requisite knowledge for doing that. You will definitely crash and die. No two ways about it. Trading shouldn't be treated with levity. It's a professional job and should be treated with the same respect we accord other professional jobs in medicine, law, engineering, journalism, etc.

Quote
My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
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February 26, 2023, 10:43:29 AM
 #92

The worst way to trade is to follow candle sticks blindly, maybe enter a buy order because the candle is green and moving up or sell order because the candle is moving down and it is red. There are mechanisms that controls this candle stick and every candle on all the time frame tell a story of a long and short term trend. It is better to learn the act of trading than try things out using imaginations and expectations.

This is already more like gambling than trading, but this is a market and for someone to win, someone needs to lose. Probably all successful traders lost money before they started making money. Before learning to ride a bike, each of us fell repeatedly, so we learn something new. In order to succeed in something, you need to learn a lot, it's all too individual, and I believe that there is a desire, then you can achieve any goal you set.

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February 26, 2023, 10:48:21 AM
 #93

Beginners are free to trade if they really want to but we can’t expect for beginners to win over the market and make significant profits. They only trade mostly with greed, yet they still end up making mistakes and inevitable losses. The reason why beginners are not advise to trade even if they have high passion in trading. However, once they gained enough knowledge in trading, they can start trading but they should also gain more experiences too so they can hone their skills in trading and eventually make successful trades.

Trading with virtual assets is usually boring so many start trading real assets while learning. And if not to do it like professionals and to try to start learning with a couple of bucks or any amount you spend on entertainment and which is not big for the family budget it is both fun and educational. Of course couple bucks trading is totally different than a couple of million backs trading but as for beginning it can be not so bad IMO.

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February 26, 2023, 07:26:00 PM
 #94

The worst way to trade is to follow candle sticks blindly, maybe enter a buy order because the candle is green and moving up or sell order because the candle is moving down and it is red. There are mechanisms that controls this candle stick and every candle on all the time frame tell a story of a long and short term trend. It is better to learn the act of trading than try things out using imaginations and expectations.

This is already more like gambling than trading, but this is a market and for someone to win, someone needs to lose. Probably all successful traders lost money before they started making money. Before learning to ride a bike, each of us fell repeatedly, so we learn something new. In order to succeed in something, you need to learn a lot, it's all too individual, and I believe that there is a desire, then you can achieve any goal you set.
I believe trading isn't always a win-win situation once you learn to trade it's not like that. There's always a time where you lose to a trade but what matters most is how much winning and profit you have. But of course, it's not that simple because you have to have an experience and knowledge of trading first before you get there.

Trading like gambling isn't gonna last long and it's fastest way to lose all of your funds. Unless, if you are trading to learn them you need to at least use the funds that you can afford to lose. Learn every possible strategy and make your own that would work when you are trading.

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February 26, 2023, 08:44:25 PM
 #95

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
If you will follow the basic rule in trading, beginners should gain sufficient knowledge first before thinking on making profits from trading. Because trading is hard and difficult, so trading without knowledgeable in the first place will only end up into committing mistakes and losses. That is why trading is not advisable for beginners because they will only mess up in trading and waste their money and time knowing they never get the right concept in trading. Although trading is for everybody, but not everyone is expected to find profits and fortune in trading.

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February 26, 2023, 09:50:31 PM
 #96

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
If you will follow the basic rule in trading, beginners should gain sufficient knowledge first before thinking on making profits from trading. Because trading is hard and difficult, so trading without knowledgeable in the first place will only end up into committing mistakes and losses. That is why trading is not advisable for beginners because they will only mess up in trading and waste their money and time knowing they never get the right concept in trading. Although trading is for everybody, but not everyone is expected to find profits and fortune in trading.
Knowledge is a vital thing we need in trading and we should not just simply think that it is easy to skip and do actual trading without this stuff. People who come and do trading like this will certainly fail. It should be kept in our mind that we can lose our money if we are too careless in trading, how much more if we don't even know the basic of it - that is worse than I think. So for newbies, instead of being aggressive to trade, better make aggressive first to know at least the basics in trading as this is the ticket to success.



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February 26, 2023, 11:43:13 PM
 #97

no I don't think so, trading quite honestly is a lot more difficult than just investing. it requires tremendous effort in just creating some profits out of your trading that I think even some veteran aren't really cut it to be traders. the thing is, by trading you should create some series of good decision in order to make your trading succesfull and you're quite literally gonna be against the whales that most of the time manipulates. If you think you are smart enough to go against then wave then you can try, but always know that trading honestly really difficult if you want consistency in creating the profit. luck also have huge factor in determining your success honestly.
Luck is also essential in trading but it’s knowledge and skills that should be prioritized first. Without them, a trader may only lose his money and waste his time and effort. That is the reason why beginners are advised not to trade unless they are ready to lose, and most especially they already have background about trading and how it will be profitable. Trading is hard and quite complicated as there are a lot of factors to consider before trading, so one must trade only if he is mentally, emotionally and financially ready.
agreed that knowledge and skills should be prioritized,regardless things might change as the time goes and as the trading strategy evolves, there were many cases of technical analysis being used by whales to misled the general small traders which causes these small traders to lose, the whales that quite literally holds huge amount of coin themselves could easily find the general small traders weak spot by using technical analysis and dump when the small traders think the value gonna rise from their TA, i'd say one should also care the fact that there are whales with huge influence that they could be going against and therefore gives them slim chance of winning.

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February 26, 2023, 11:52:00 PM
 #98

Being profitable without having an understanding of the whole thing? Well, if we're going to talk about luck, there could be around 0.1% of it.
But honestly, someone who's jumps into the ocean without any lifevest would result in drowning and that's what will happen to that person. Getting into trading with wholly zero knowledge on it is likely to learn the lessons in the hardest possible way and with his life savings? That's a dumb idea to test the waters.

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February 27, 2023, 02:39:31 AM
 #99

OP I would like to know if the person you quoted traded on a futures trading platform? I think he was trading on a futures trading platform. And expressed to you all the regrets of his victims. My point is that one who has no knowledge about trading is better not to trade. One can never trade on a trading platform with zero knowledge. As a result, you always fall victim. People who think trading platform is too easy to trade end up losing on trading platform. Although trading with guesses may be profitable at first, most of the time they will end up losing. So I mean never trade with zero knowledge be it new or old.

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February 27, 2023, 06:09:45 AM
 #100

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

If an investor who enters the crypto trading industry does not know of it, he only has capital, he is called a "Gambler" not a trader. He just depends on luck to earn the amount of money he will use. That means he can do that, but the risk is high because the investor is gambling with his investment.

    Apart from that, he also knows in himself that there is also a high possibility that he will lose his investment in crypto trading. Then he should not have regrets about losing his capital because most cryptocurrencies are volatile.



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Merited by DiMarxist (5), Igebotz (3), Zilon (3), Mate2237 (3), SmartGold01 (2), letteredhub (2), DdmrDdmr (1), GeorgeJohn (1), Bananington (1), Alphakilo (1)
 #101

Luck is also essential in trading but it’s knowledge and skills that should be prioritized first. Without them, a trader may only lose his money and waste his time and effort. That is the reason why beginners are advised not to trade unless they are ready to lose, and most especially they already have background about trading and how it will be profitable. Trading is hard and quite complicated as there are a lot of factors to consider before trading, so one must trade only if he is mentally, emotionally and financially ready.

Trading is not hard, nothing is hard when you know what you're doing. The problem is that people don't know how to trade and haven't learnt it yet they want to trade and that's when it becomes hard and they end up losing all their capitals and any profit that they have previously gotten out of luck. Nobody should be relying on luck when it come to trading. Trading isn't gambling and anybody seeing it as that is lost.

Luck shoudn't be a factor for any skills that needs learning like trading. Luck is needed in our everyday life but we must put in the work and preparation so when the opportunities comes we can take the chances. Newbie should never be trading if they haven't learnt how to do so effectively and gotten some demo practice that won't cost them any real lost.

R


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February 27, 2023, 07:18:07 AM
 #102

if he is ready to risk everything ? then why not right? but the problem here is that how could you trade if you have no idea at all mate and for God sake this is our money that needs to be earn or gone then why not?

better to try using Trading Bot first before bringing your money inside mate this is how we can save our money since in the end? we will be the loser here if not be careful .

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February 27, 2023, 08:06:35 AM
 #103

if he is ready to risk everything ? then why not right? but the problem here is that how could you trade if you have no idea at all mate and for God sake this is our money that needs to be earn or gone then why not? better to try using Trading Bot first before bringing your money inside mate this is how we can save our money since in the end? we will be the loser here if not be careful .

Why not learn how to trade before he starts with real money?
Currently, many platforms offer demo balance to start trading as a demo and learn how to trade. Even Bot won't be able to make a profit for you if you cannot instruct what to do. Right? I won't suggest anyone risk his everything even if he wants to risk it. Sometimes people make decisions out of frustration.

Sometimes we gamble in casinos and place max bet in the hope of winning the bet. After the session, we realized that was our biggest mistake. Sometimes luck prefers, and you can win the bet. But, The chances are not 100%. This is not how we should suggest people risk their money even if they are ready to spend it.

As I said before, Trading is not rocket science. You don't have to spend years learning it. Just spend a few weeks/months, and you will know how to do it. Then start with real money.

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February 27, 2023, 08:59:47 AM
 #104

if he is ready to risk everything ? then why not right? but the problem here is that how could you trade if you have no idea at all mate and for God sake this is our money that needs to be earn or gone then why not? better to try using Trading Bot first before bringing your money inside mate this is how we can save our money since in the end? we will be the loser here if not be careful .

Why not learn how to trade before he starts with real money?
Currently, many platforms offer demo balance to start trading as a demo and learn how to trade. Even Bot won't be able to make a profit for you if you cannot instruct what to do. Right? I won't suggest anyone risk his everything even if he wants to risk it. Sometimes people make decisions out of frustration.
Obviously, that person underestimates trading and so does the market volatility. Not actually hard to learn trading but too unfortunate that they just think it will work too easily and neglect to see the risk in doing something that we never know. Yes, most exchanges offer a demo account to newbies as a playground to learn and it was enough prior to actual trading. In fact, learning the basics about trading never takes so long so it is impossible we can't just spend for this. Because if we wanted to grow and become a successful trader, we must also invest first into learning prior to starting otherwise regrets and failure is only what we get in the end.

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February 27, 2023, 12:28:04 PM
 #105

Trading involves risk and necessitates extensive education before one can become successful. In actuality, even those with expertise in certain markets and trading strategies lose money. So it wouldn't be a good idea to jump into trading without knowing anything about it and hoping for luck to make it work. A novice would do well to steer clear of trading until they could learn more about it. I don't think the cryptocurrency industry works that way, so we shouldn't be too eager to make quick money. Many people who you see on the internet who claim they make money through trading have been playing the game for many years, and many of them are once again lying.

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February 27, 2023, 12:55:41 PM
 #106

All traders are first beginners and with the passage of time they become a successful trader but the hard work will become a cause of your achievements. lacking of good and useful information regarding of courses of trading will be dangerous for you production of money.

If a person is participating in crypto trading then he should first understand that how people become able to get profit and what are the risks associated with the trading and how to cope with these risk factors.

Trading is easy to initiative but get successful result in trading is not easy and not everyone understands properly about it so therefore understanding is key point for becoming a better person for trader.



 

 

 

 

 

 


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February 27, 2023, 06:53:06 PM
 #107

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.
Rule number one about trading,if you don't have the skill do yourself a favour and don't trade!
If you choose to be stubborn about it chances are high that you will actually lose more money than you would want to win.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
Beginners luck you mean, without skill you definitely have a 50% chance of getting you first profitable trade but after that to survive you require skill.

After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
This sounds like guess work and I will discourage your friend from going this route, trading requires skill, discipline, patience and a good reading of technical analysis to navigate your way around the charts.

R


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February 27, 2023, 07:21:50 PM
 #108

If an investor who enters the crypto trading industry does not know of it, he only has capital, he is called a "Gambler" not a trader. He just depends on luck to earn the amount of money he will use. That means he can do that, but the risk is high because the investor is gambling with his investment.

    Apart from that, he also knows in himself that there is also a high possibility that he will lose his investment in crypto trading. Then he should not have regrets about losing his capital because most cryptocurrencies are volatile.
There are plenty of people who could be considered gamblers in the crypto world, and I mean literally tens of thousands of people if not more. Because, they both put in money that they can't afford to lose, which is already gambling because if you lose it then you are screwed, but also they do not study how to trade and then they end up losing money that way as well.

Both of these makes you a gambler and not a trader and yet unfortunately there are tons of people who do not make any type of changes at all. I believe that we shouldn't be focusing on something this small, it really doesn't make any sense to me at all to gamble this way when you can do it normally.
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February 27, 2023, 07:30:43 PM
 #109

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
Is possible for him to gain even without having the basic knowledge about trading as you said it's a game of luck so he might be lucky, but he actually made the wrong decision to jump into trading without basic knowledge.


Quote
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
Because of the risk involved, your friend must have some basic knowledge of cryptocurrency in order to know what to do while trading. You should also advise him to invest the amount he/she can afford to lose so that when the market goes down, he has some money to use while waiting for the market to recover.

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February 27, 2023, 07:50:11 PM
 #110

There's a reason why a huge majority of people lose tremendous amounts of money with trading — simply because it's not easy and it's definitely not for everyone.

Seriously, trading is overrated. Go get a job or start a business instead. Unless you want to grind for more than a year and shoulder the losses while you're still learning.
And with this realization, it’s obvious that trading is not good for beginners as trading would only end up as a mess. Trading is not easy, and it should be learned the hard way, and I think beginners are not capable to dominate in trading until they become knowledgeable and skilled in it. And with significant experiences that will make them better trader, then most likely that these traders will gain more profits rather than seeing them consistently making mistakes and end up losing their capital.

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February 27, 2023, 09:11:59 PM
 #111

first of all if he doesn't know anything about trading , i think its not a good idea at all . because if he trades without any knowledge he might lose all his saving money . If your financial status is not exhausted but put into trading without knowledge of anything. I expect from a large amount of money to be reduced to 0  ever. The world of trading is quite cruel. ทางเข้าคาสิโน

I concur to your idea, in trading it have a strategies and that strategies have to do with your understanding in trading, sometimes while some people experience a mega lose during trading it's because they have not peruse into trading and understand the skill, a trading is a skill and when you are unable to understand the rudiments you will end up of making Lost always, you most learn the basic things concerning trading before you can excel in trading. So those who jumped in into trading always complain of it's Lost.

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February 27, 2023, 09:57:16 PM
 #112

There's no way a beginner with little to no knowledge can be profitable from trading. Even the professional trades taking loss. How can you profit without any knowledge. He can be profitable in some situation out of pure luck or just by gambling his way through the price movement. But it is more likely not to happen every single time. Anyone who is in trading business, needs proper knowledge about it. I think his future is dark if he continues to trade like this. No profit but only loss.
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February 27, 2023, 10:32:04 PM
 #113

And I a case were the beginner have a little knowledge on trade and still losses,in what category will you place such a person.what will you have to say to such beginner that has little knowledge and still losses?
Should such person or beginner still continue or stop patani the current situation he or she is facing on trading.

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February 27, 2023, 10:48:19 PM
 #114

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
The guy is better off gambling, because to me, trading without any knowledge on how trading works is no different from gambling, Infact, it is very possible that he could be more successful in gambling than trading.
Trading involved a good amount of risk, and it's not meant for novices, this is why some trading apps have a demo part where new traders are encouraged to sign up, trade with unreal money for some time before moving on to a live account where they can trade with real money, loss in trading is real, encourage your friend to learn how to trade first before venturing in to it, to avoid stories that touches the heart.

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February 28, 2023, 02:45:24 AM
 #115

if he is ready to risk everything ? then why not right? but the problem here is that how could you trade if you have no idea at all mate and for God sake this is our money that needs to be earn or gone then why not? better to try using Trading Bot first before bringing your money inside mate this is how we can save our money since in the end? we will be the loser here if not be careful .

Why not learn how to trade before he starts with real money?
Currently, many platforms offer demo balance to start trading as a demo and learn how to trade. Even Bot won't be able to make a profit for you if you cannot instruct what to do. Right? I won't suggest anyone risk his everything even if he wants to risk it. Sometimes people make decisions out of frustration.

Sometimes we gamble in casinos and place max bet in the hope of winning the bet. After the session, we realized that was our biggest mistake. Sometimes luck prefers, and you can win the bet. But, The chances are not 100%. This is not how we should suggest people risk their money even if they are ready to spend it.

As I said before, Trading is not rocket science. You don't have to spend years learning it. Just spend a few weeks/months, and you will know how to do it. Then start with real money.
Bot or free trading demo will not help us becoming best trader instead we need to lose and spend our money first as this will be your teacher to not do the same mistake again and again.
though it is best interest of all new traders to learn with safeties but the thing here is that trading is an area in which all of us need to risk before earning.

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February 28, 2023, 03:27:13 AM
 #116

if he is ready to risk everything ? then why not right? but the problem here is that how could you trade if you have no idea at all mate and for God sake this is our money that needs to be earn or gone then why not? better to try using Trading Bot first before bringing your money inside mate this is how we can save our money since in the end? we will be the loser here if not be careful .

Why not learn how to trade before he starts with real money?
Currently, many platforms offer demo balance to start trading as a demo and learn how to trade. Even Bot won't be able to make a profit for you if you cannot instruct what to do. Right? I won't suggest anyone risk his everything even if he wants to risk it. Sometimes people make decisions out of frustration.

Sometimes we gamble in casinos and place max bet in the hope of winning the bet. After the session, we realized that was our biggest mistake. Sometimes luck prefers, and you can win the bet. But, The chances are not 100%. This is not how we should suggest people risk their money even if they are ready to spend it.

As I said before, Trading is not rocket science. You don't have to spend years learning it. Just spend a few weeks/months, and you will know how to do it. Then start with real money.
Bot or free trading demo will not help us becoming best trader instead we need to lose and spend our money first as this will be your teacher to not do the same mistake again and again.
though it is best interest of all new traders to learn with safeties but the thing here is that trading is an area in which all of us need to risk before earning.

You don't have to be the best trader to start trading. Right?
You have to know how to trade and where to trade. I am not talking about bot trading here. I don't suggest bot trading as it won't help you to learn trades. I do not agree that you must lose your money to learn to trade, and it will teach you the best lesson. If you are a billionaire, that's a different case. But, On an online platform, You shouldn't suggest such things.

Surely demo balance and demo trades help newbies how to do it. Even some casinos offer demo tokens to test their games. Some of them offer faucets for their games. Did you see when a new medicine invent, researchers never test them on a human at the beginning? They try it on other animals first. You don't have to lose to learn something. I respect your opinion. But, I don't agree with you.

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February 28, 2023, 06:21:15 AM
 #117

You don't have to be the best trader to start trading. Right?
You have to know how to trade and where to trade. I am not talking about bot trading here. I don't suggest bot trading as it won't help you to learn trades. I do not agree that you must lose your money to learn to trade, and it will teach you the best lesson. If you are a billionaire, that's a different case. But, On an online platform, You shouldn't suggest such things.

Surely demo balance and demo trades help newbies how to do it. Even some casinos offer demo tokens to test their games. Some of them offer faucets for their games. Did you see when a new medicine invent, researchers never test them on a human at the beginning? They try it on other animals first. You don't have to lose to learn something. I respect your opinion. But, I don't agree with you.

Of course you are right, it is much better to learn in a training version of an exchange, but how many people will do so? Maybe couple of hours or days and it is definitely not enough to be experienced trader but then they'll anyway start trading at a real market, in majority. So IMO we should not only give advice for in case of an ideal situation, but for as they'll more likely will do. And IMO it is good to say them to use not more money for trading than they are ready to spend on entertainment, because they'll lose their deposit in 99,9% cases very soon. And even after that a majority of them will hardly use a a training version for long enough.

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February 28, 2023, 08:23:20 AM
 #118

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
Is possible for him to gain even without having the basic knowledge about trading as you said it's a game of luck so he might be lucky, but he actually made the wrong decision to jump into trading without basic knowledge.

How about after been in some of the class in trading and you still fine out that you are still lossing what should be your advice to the person who is the victim of after b having the basic knowledge and still losses?

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February 28, 2023, 08:25:26 AM
 #119


Of course you are right, it is much better to learn in a training version of an exchange, but how many people will do so? Maybe couple of hours or days and it is definitely not enough to be experienced trader but then they'll anyway start trading at a real market, in majority. So IMO we should not only give advice for in case of an ideal situation, but for as they'll more likely will do. And IMO it is good to say them to use not more money for trading than they are ready to spend on entertainment, because they'll lose their deposit in 99,9% cases very soon. And even after that a majority of them will hardly use a a training version for long enough.

No matter how much you read books or browse online resources the real experience of trading only comes when you start trading yourself. If you are losing money in your early days of trading then this its nothing to worry about. As almost all experienced traders have witnessed that in there early days. Make sure you don't invest too much if you don't have necessary experience of trading, that's a very common mistake made by new ones.    

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February 28, 2023, 08:41:38 AM
 #120

You don't have to be the best trader to start trading. Right?
You have to know how to trade and where to trade. I am not talking about bot trading here. I don't suggest bot trading as it won't help you to learn trades. I do not agree that you must lose your money to learn to trade, and it will teach you the best lesson. If you are a billionaire, that's a different case. But, On an online platform, You shouldn't suggest such things.

Surely demo balance and demo trades help newbies how to do it. Even some casinos offer demo tokens to test their games. Some of them offer faucets for their games. Did you see when a new medicine invent, researchers never test them on a human at the beginning? They try it on other animals first. You don't have to lose to learn something. I respect your opinion. But, I don't agree with you.

Of course you are right, it is much better to learn in a training version of an exchange, but how many people will do so? Maybe couple of hours or days and it is definitely not enough to be experienced trader but then they'll anyway start trading at a real market, in majority. So IMO we should not only give advice for in case of an ideal situation, but for as they'll more likely will do. And IMO it is good to say them to use not more money for trading than they are ready to spend on entertainment, because they'll lose their deposit in 99,9% cases very soon. And even after that a majority of them will hardly use a a training version for long enough.

Sometimes we don't have to say or suggest everything to others. Even though we know that they will try the demo mode for a couple of hours only and then leave it. They will start trading with real money. But as wise people, we shouldn't suggest they start trading with real money on Day 1. When will they be veterans at some point and understand everything, they will there was a guy named joker10. He suggested start trading with real money even though there was a option to learn in demo modes. I believe you don't want to find yourself there.

Sometimes we know that scammers like 1xcrap won't stop doing their shitty business. Doesn't mean we won't ask them to stop or we won't ask signature participants to not promote them. Whoever want to promote them, they will do it even if they get tagged or whatever you do to them. They will continue.

No matter if they use the training version or not. You can always suggest them to try training mode with demo balance before they start trading with real money.

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February 28, 2023, 08:42:26 AM
 #121

We all know that trading is about earning or lossing and the purpose of we trading is to grow our money that we invest in it, what if it happens that you went for training and you still lost everything what is your advice for such people.

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February 28, 2023, 05:09:24 PM
 #122

No matter how much you read books or browse online resources the real experience of trading only comes when you start trading yourself. If you are losing money in your early days of trading then this its nothing to worry about. As almost all experienced traders have witnessed that in there early days. Make sure you don't invest too much if you don't have necessary experience of trading, that's a very common mistake made by new ones.    
I don't read many books how to start trading in cryptocurrency and experience give more lesson how to be success for earning profit, not wrong with the beginner start from reading book or any other source how to build and got guide for start trading, but the implementation in the real is not always depend on theory we are reading.

Common mistake will give the best experience how to be better for up coming time when trading in cryptocurrency, don't make the same mistake actually when holding or selling assets in the right time. Experienced in cryptocurrency trading help us how to be better when next entry or reinvesting on several altcoin.

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February 28, 2023, 05:40:39 PM
 #123

We all know that trading is about earning or lossing and the purpose of we trading is to grow our money that we invest in it, what if it happens that you went for training and you still lost everything what is your advice for such people.
Something is wrong with the way we trade, my advice is that you should stop trading first and find out what the real problem is so that we are still losing money. If you take part in the training, ask directly to your mentor or the person who provided the training. When we have lost a lot of money, then chasing it is not a solution instead it will make the amount we lose more and more, so as I said before, stop first and find the root of the problem.

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February 28, 2023, 05:59:14 PM
 #124

Are they special or different from other bots in some way? How long has ETS been on the market?
As far as I managed to study the information, the team has been working since 2014.  and about the results you can find a decent lot on the Internet.

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February 28, 2023, 07:57:25 PM
 #125

We all know that trading is about earning or lossing and the purpose of we trading is to grow our money that we invest in it, what if it happens that you went for training and you still lost everything what is your advice for such people.
Something is wrong with the way we trade, my advice is that you should stop trading first and find out what the real problem is so that we are still losing money. If you take part in the training, ask directly to your mentor or the person who provided the training. When we have lost a lot of money, then chasing it is not a solution instead it will make the amount we lose more and more, so as I said before, stop first and find the root of the problem.
All of us do really start on being a newbie on which we do know that errors and mistakes could really happen along the way and its inevitable.Good or bad, we are really that falling on the same situation.

It is really just on how someone would be handling himself towards trading because not all could really be able to bare up with the risks involve.It is really just that one thing in common with
newbies is that they do really think that trading is the fastest way on getting rich.

Once you do have this kind of belief or mindset then you are really that on the wrong direction because this isnt how this works.

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February 28, 2023, 08:40:38 PM
 #126

No, it will be difficult for such person to achieve a good profits from his trading because he don't have knowledge about crypto trading which many people has lost their money for the lacked of trading in the community. The most important thing is for he to save more money and settle down to learn more about crypto trading before he can start with small amount of money to test his self before he can increase his capital in the crypto trading. The type of coin to buy in the market, is very important for newbies to know before investing, because know the type of coin to buy will determine the profit you are going to achieve when the price of that particular coin increase higher in the market.
Is that people lost their money because of lack of experience in trading or lack of trading, your response is contradictory, the major thing that leads people into Lost during trading is inability to understand the scopes of trading before they venture into it, second thing that also lead traders or investors into lost is greediness.

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February 28, 2023, 08:46:48 PM
 #127

From my experience I will not advice any beginner to start trading because trading is risky and it's meant for an experienced one, so if you start with trading, I assure you will lose your money in the end. Therefore, first of all start your journey with the investment side, basically start with investing into Bitcoin and other valuable or utility coins like ETH , BNB, Then while waiting for your investment to get matured, this period should be the time you should start learning about trading, get the skill if you want to trade and when starting trading ensure you trade with the money you can afford to lose.

R


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February 28, 2023, 08:50:20 PM
 #128

We all know that trading is about earning or lossing and the purpose of we trading is to grow our money that we invest in it, what if it happens that you went for training and you still lost everything what is your advice for such people.
Dude, you are talking about trading or investment?  Huh
Sure, both trading and investment are about earning profits and losing capital, that's why never trade or invest carelessly. Beginners must ensure to have sufficient knowledge first before thinking to start trading or investing. Trading and investing in crypto are very risky, beginners who have lack knowledge potentially ends up with losses.

Training doesn't guarantee earning profits (success), but it surely makes you more understand about trading. If beginners don't want to lose big money, only use small money in the early journey of trading. The focus should be on learning, not on earning big money.


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February 28, 2023, 09:29:33 PM
 #129

We all know that trading is about earning or lossing and the purpose of we trading is to grow our money that we invest in it, what if it happens that you went for training and you still lost everything what is your advice for such people.
Well, you are not learning anyway. It is a waste of time spending your time training but in the end, you've got nothing or you've never gotten what they have taught you and this is possible when you let your emotions control you.

In this case, I suggest you open your mind and accept that trading is not for you. In fact, it was not for everyone because trading is special which is need knowledge, skill, and application. If this is hard for you to understand and you just keep on losing, therefore, there is no reason why you continue but rather stopped.

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February 28, 2023, 09:34:21 PM
 #130

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
The trader must have knowledge and experience about trading and how its system works, he must have knowledge of technical and fundamental analysis, and he must have a strategy for trading that includes risk management tools in addition to an outline of the trader’s goals and a methodology for entering and closing trades. It is not that simple for a beginner trader to do without Knowledge, he must give himself days or a month to learn and gain knowledge and experience before he starts trading. There are many who enter trading without knowledge, concepts, or basics and end up losing their capital after they hoped to achieve huge profits. Trading is good for the most experienced and knowledgeable trader, but for a beginner whose knowledge is zero, it is a drowning sea.

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February 28, 2023, 10:32:53 PM
 #131

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it?
If beginner means he has no knowledge about trading, he does not know how to do chart analysis, he only knows that trading can earn profit then trading will never be profitable for this beginner traders. Yes it's also true that some times it can bring profit and it will not be long sustainable at the end of the day he will face loss with his entire fund.
I wanna also say that this kind of trading is gambling not the part of trading. So even if you wanna become a beginner trader, you must first acquire minimum knowledge of how to read candles otherwise it will never be good for you. And I think it is better to start trading without taking a big fund go with small fund for the beginning with also the knowledge.

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March 01, 2023, 06:56:11 AM
 #132

...
You can always suggest them to try training mode with demo balance before they start trading with real money.

Of course we should do so, but if we think that it is enough and knowing that majority of newbies will hardly follow the advice will stop on that will it be good advice? As I said we should also inform that even experienced traders lose and that nearly 100% every newbie will lose very fast so after they try training mode they still shouldn't play with big money. For very long time they should play not more than with amount they are ready to spend on entertainment as highly likely they'll lose it all! It's not about to recommend training mode or not, it's about to recommend it and recommend not to risk their savings after that anyway.

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March 01, 2023, 11:38:23 AM
 #133

...
You can always suggest them to try training mode with demo balance before they start trading with real money.

Of course we should do so, but if we think that it is enough and knowing that majority of newbies will hardly follow the advice will stop on that will it be good advice?
It's not bad advice, either. Sometimes we have to be more thick-skinned like LoyceV. It's like we did what we had to do. After that, if they do not follow the instruction and lose their money. You have no fault. But, when you they will see that there was a training mode and you didn't suggest them because you thought they wouldn't follow you. They will make your suggestion questionable.

Quote
As I said we should also inform that even experienced traders lose and that nearly 100% every newbie will lose very fast so after they try training mode they still shouldn't play with big money. For very long time they should play not more than with amount they are ready to spend on entertainment as highly likely they'll lose it all! It's not about to recommend training mode or not, it's about to recommend it and recommend not to risk their savings after that anyway.

You got a good point here, and I agree with you. They can try with the money they are ready to spend on entertainment. Buddy, we are talking about newbies. I already shared what I had to say.

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March 01, 2023, 11:48:22 AM
 #134

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it?
If beginner means he has no knowledge about trading, he does not know how to do chart analysis, he only knows that trading can earn profit then trading will never be profitable for this beginner traders. Yes it's also true that some times it can bring profit and it will not be long sustainable at the end of the day he will face loss with his entire fund.
I wanna also say that this kind of trading is gambling not the part of trading. So even if you wanna become a beginner trader, you must first acquire minimum knowledge of how to read candles otherwise it will never be good for you. And I think it is better to start trading without taking a big fund go with small fund for the beginning with also the knowledge.

A beginner luck might happened but along the way, without real knowledge with the business he will be out of luck and start losing his investment, beginners should start the right way by doing research and investing time to understand how the market works and what are the things that he needed to know before making his first attempt to trade.

It's important that you have the glimpse on how things may proceed and you know how to work your way to succeed.

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March 01, 2023, 12:28:32 PM
 #135

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it?
If beginner means he has no knowledge about trading, he does not know how to do chart analysis, he only knows that trading can earn profit then trading will never be profitable for this beginner traders. Yes it's also true that some times it can bring profit and it will not be long sustainable at the end of the day he will face loss with his entire fund.
I wanna also say that this kind of trading is gambling not the part of trading. So even if you wanna become a beginner trader, you must first acquire minimum knowledge of how to read candles otherwise it will never be good for you. And I think it is better to start trading without taking a big fund go with small fund for the beginning with also the knowledge.

A beginner luck might happened but along the way, without real knowledge with the business he will be out of luck and start losing his investment, beginners should start the right way by doing research and investing time to understand how the market works and what are the things that he needed to know before making his first attempt to trade.

It's important that you have the glimpse on how things may proceed and you know how to work your way to succeed.
Well, in the first place, we don't have to rely on luck but rather rely on our capabilities. Having knowledge of something we have to do is simply the ticket to where we want to go (success).
As a newbie to trading, we can expect tragic losses and disappointments and that is because we don't have experience but have no knowledge at least knowing the basics is somewhat terrible. And we can expect the worse possible scenario. That is why I encourage newbies to never underestimate trading instead, make themselves prepared before trading.

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March 01, 2023, 01:18:54 PM
 #136

All of us do really start on being a newbie on which we do know that errors and mistakes could really happen along the way and its inevitable.Good or bad, we are really that falling on the same situation.

It is really just on how someone would be handling himself towards trading because not all could really be able to bare up with the risks involve.It is really just that one thing in common with
newbies is that they do really think that trading is the fastest way on getting rich.

Once you do have this kind of belief or mindset then you are really that on the wrong direction because this isnt how this works.
Those who have such thoughts then they don't know what trading is. And it's usually experienced by beginners, we can't blame them for their ignorance that makes them think like that. I'm sure if they already know what trading is, they won't have the wrong mindset. They only need to be directed to be given education about what they really do, and that is our duty as the first people to know about this trade. If we don't direct them, they will continue to be in the wrong mindset.

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March 01, 2023, 02:34:46 PM
 #137

All of us do really start on being a newbie on which we do know that errors and mistakes could really happen along the way and its inevitable.Good or bad, we are really that falling on the same situation.

It is really just on how someone would be handling himself towards trading because not all could really be able to bare up with the risks involve.It is really just that one thing in common with
newbies is that they do really think that trading is the fastest way on getting rich.

Once you do have this kind of belief or mindset then you are really that on the wrong direction because this isnt how this works.
Those who have such thoughts then they don't know what trading is. And it's usually experienced by beginners, we can't blame them for their ignorance that makes them think like that. I'm sure if they already know what trading is, they won't have the wrong mindset. They only need to be directed to be given education about what they really do, and that is our duty as the first people to know about this trade. If we don't direct them, they will continue to be in the wrong mindset.
If one wants to do trading it means he must know and understand at least something about trading. If one understands about trading and knows about its risks then of course he can trade it is his personal matter. But he must not panic while trading.  And for trading he must learn to analyze or join a channel from where he can get actual signals then he can profit from trading or else he can invest and hold for long time in potential coins like bitcoin or ethereum.


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March 01, 2023, 09:03:20 PM
 #138

You don't have to be the best trader to start trading. Right?
You have to know how to trade and where to trade. I am not talking about bot trading here. I don't suggest bot trading as it won't help you to learn trades. I do not agree that you must lose your money to learn to trade, and it will teach you the best lesson. If you are a billionaire, that's a different case. But, On an online platform, You shouldn't suggest such things.

Surely demo balance and demo trades help newbies how to do it. Even some casinos offer demo tokens to test their games. Some of them offer faucets for their games. Did you see when a new medicine invent, researchers never test them on a human at the beginning? They try it on other animals first. You don't have to lose to learn something. I respect your opinion. But, I don't agree with you.
I think you do not have to be the best trader to start, nor you would need a bot to trade, or you MUST lose money, those are all very true. However, you also can't start (or shouldn't) when you have absolutely no idea, you should study and learn a bit before you do anything, a month or two with some courses and demo trading would definitely help you, you won't be the best but you won't be the worst neither.

And about losing money, when you trade, you will always end up losing eventually, when you are a newbie you lose more frequently than veterans, that is just a fact and we can pull data from newbie traders on exchanges versus veterans and can see that. It's better learn from them at least.
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March 01, 2023, 09:13:30 PM
 #139

All of us do really start on being a newbie on which we do know that errors and mistakes could really happen along the way and its inevitable.Good or bad, we are really that falling on the same situation.

It is really just on how someone would be handling himself towards trading because not all could really be able to bare up with the risks involve.It is really just that one thing in common with
newbies is that they do really think that trading is the fastest way on getting rich.

Once you do have this kind of belief or mindset then you are really that on the wrong direction because this isnt how this works.
Those who have such thoughts then they don't know what trading is. And it's usually experienced by beginners, we can't blame them for their ignorance that makes them think like that. I'm sure if they already know what trading is, they won't have the wrong mindset. They only need to be directed to be given education about what they really do, and that is our duty as the first people to know about this trade. If we don't direct them, they will continue to be in the wrong mindset.
If one wants to do trading it means he must know and understand at least something about trading. If one understands about trading and knows about its risks then of course he can trade it is his personal matter. But he must not panic while trading.  And for trading he must learn to analyze or join a channel from where he can get actual signals then he can profit from trading or else he can invest and hold for long time in potential coins like bitcoin or ethereum.
Know the basics and it should be standard because you cant just dive in into a particular thing without even knowing on what it is, if you are having that kind of behavior on which you are really that in a rush on dealing up with something then you would really be that prone into lots of errors and this is why you should really be that sensible in regarding on what into your actions.Trading is good but if it would really be done on the right way.Its not something a skill that could really be acquired in short time as possible on which we do know it does take lots of efforts and you would be experiencing lots of losses and just been said that it is
something that cant be avoided.

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March 01, 2023, 09:51:03 PM
 #140

Thanks for all the point that you all have shown me and I want to if a beginner after seeing the fall of the market system and Fear cut him away then never have to do it again because of fear of what has happened before, what will be your encouragement to such person the has the fear to trade but has the love for trade?

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March 01, 2023, 10:22:37 PM
 #141

Thanks for all the point that you all have shown me and I want to if a beginner after seeing the fall of the market system and Fear cut him away then never have to do it again because of fear of what has happened before, what will be your encouragement to such person the has the fear to trade but has the love for trade?
If you love trading, You don't need encouragement. All you need is the knowledge in trading and the confidence in making some trades. There are platforms who is offering paper trade or demo trades, You can practice there so there's no fear in losing some money. If your fear is failing or losing a trade even if there's no money involved, I think you need to overcome it as I believe that there are no trader who is perfect that is nailing every trade that the trader is doing. Failing or losing a trade is normal, What is important is the accuracy rate you have on trading. Fill yourself up with knowledge and you yourself will be the one who will engage yourself in trading.
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March 01, 2023, 11:26:01 PM
 #142

Thanks for all the point that you all have shown me and I want to if a beginner after seeing the fall of the market system and Fear cut him away then never have to do it again because of fear of what has happened before, what will be your encouragement to such person the has the fear to trade but has the love for trade?
If you have a love for trading but are feeling fearful due to past experiences --just remember that every trader goes through both ups and downs in the market. It is natural to experience fear and uncertainty, especially as a beginner. When it comes to approaching trading with a clear and informed mindset. Before diving into trading, make sure to educate yourself on the market, the risks involved, and different trading strategies. This can help you make more informed decisions and reduce the likelihood of making impulsive trades based on emotions.
For me --trading is not for everyone and it is okay to take a break or seek help from a professional if you are feeling overwhelmed. Trading can be a rewarding and exciting experience, but the willingness to learn and adapt is your priority first.









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March 02, 2023, 05:25:58 AM
 #143

Thanks for all the point that you all have shown me and I want to if a beginner after seeing the fall of the market system and Fear cut him away then never have to do it again because of fear of what has happened before, what will be your encouragement to such person the has the fear to trade but has the love for trade?
If you love trading, You don't need encouragement. All you need is the knowledge in trading and the confidence in making some trades. There are platforms who is offering paper trade or demo trades, You can practice there so there's no fear in losing some money. If your fear is failing or losing a trade even if there's no money involved, I think you need to overcome it as I believe that there are no trader who is perfect that is nailing every trade that the trader is doing. Failing or losing a trade is normal, What is important is the accuracy rate you have on trading. Fill yourself up with knowledge and you yourself will be the one who will engage yourself in trading.
This is the best thing to do when it comes to trying.
The condition is that when we learn in terms of material, of course there must be some practice that must be done and learning to use demos is a good solution, although in this condition most people or beginners always skip because they are not very helpful because they think demos are not very interesting because don't use the heart but this can still be used in fact, moreover this can also be minimized prior to a real account and with your real money, of course.

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March 02, 2023, 06:04:54 AM
 #144

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
Of course everyone has chance , but the problem is how much is the chance? I mean if you are going to invest that amount would it be doubled or lose?
because there is no assurance here even those knowledgeable sometimes experience defeat so what more those chance taker?
invest when you are ready and never use  trading as gambling area because they are different .









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March 02, 2023, 06:41:12 AM
 #145


If one wants to do trading it means he must know and understand at least something about trading. If one understands about trading and knows about its risks then of course he can trade it is his personal matter. But he must not panic while trading.  And for trading he must learn to analyze or join a channel from where he can get actual signals then he can profit from trading or else he can invest and hold for long time in potential coins like bitcoin or ethereum.
Know the basics and it should be standard because you cant just dive in into a particular thing without even knowing on what it is, if you are having that kind of behavior on which you are really that in a rush on dealing up with something then you would really be that prone into lots of errors and this is why you should really be that sensible in regarding on what into your actions.Trading is good but if it would really be done on the right way.Its not something a skill that could really be acquired in short time as possible on which we do know it does take lots of efforts and you would be experiencing lots of losses and just been said that it is
something that cant be avoided.
Yes, basic things like this are important for them to know because it will increase their awareness of what they are doing. But from what I'm observing now, there are lots of them who choose shortcuts, yes they prefer to follow trading signals for example. I'm not going to blame it because they can also learn from it, but the problem is they do it without knowing what they are doing, I mean they don't know what the reason is when they open a trading position. That should be avoided by studying first.

.
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March 02, 2023, 06:44:31 AM
 #146

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
Of course everyone has chance , but the problem is how much is the chance? I mean if you are going to invest that amount would it be doubled or lose?
because there is no assurance here even those knowledgeable sometimes experience defeat so what more those chance taker?
invest when you are ready and never use  trading as gambling area because they are different .

If you are going to trade you should be aware that you will lose no matter how professional you are because that is the part of trading . You should accept it and learn from it because that is your teacher and will teach you valuable lesson . Also trading is very far from gambling as you are just basing with luck then if you want to trade and relying on luck then for sure in the long run youll be frustrated as you are losing a lot
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March 02, 2023, 03:47:46 PM
 #147

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
Of course everyone has chance , but the problem is how much is the chance? I mean if you are going to invest that amount would it be doubled or lose?
because there is no assurance here even those knowledgeable sometimes experience defeat so what more those chance taker?
invest when you are ready and never use  trading as gambling area because they are different .

If you are going to trade you should be aware that you will lose no matter how professional you are because that is the part of trading . You should accept it and learn from it because that is your teacher and will teach you valuable lesson . Also trading is very far from gambling as you are just basing with luck then if you want to trade and relying on luck then for sure in the long run youll be frustrated as you are losing a lot

My point of view is similar to yours: once we have entered the trade, we should accept losses as we will inevitably encounter them. Moreover, as a newbie, you will incur bigger losses, if you are not ready for losses then you should not start trading.

It can be said that trading can give you daily profits and even very high returns, but the higher the profit, the higher the risk. Trading isn't as simple as holding, so it's not for everyone.
By the way, trading is gambling if you don't have knowledge about it, you trade on emotions it's no different from gambling.

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March 02, 2023, 04:09:39 PM
 #148

so I wan to know if it's right for the person to begin trading?
Trading can be difficult and risky, particularly for beginners. It necessarily requires knowledge, experience, and expertise. It is critical to carry out research, begin with a demo account, and create a solid trading plan and risk management strategy.

Trading entails risks, and there is no assurance of success. Trading should be approached seriously, not as a game of chance, with realistic expectations and a willingness to accept both profits and losses.
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March 02, 2023, 08:56:03 PM
 #149

A beginner luck might happened but along the way, without real knowledge with the business he will be out of luck and start losing his investment, beginners should start the right way by doing research and investing time to understand how the market works and what are the things that he needed to know before making his first attempt to trade.

It's important that you have the glimpse on how things may proceed and you know how to work your way to succeed.
Basically it's about the bear and bull markets for sure. Any newbie could end up making a good amount of money during the bull market, specially during those peak times when some random coins and tokens all go berserk. However, when the bear period starts we are not going to see those newbies end up making any profit at all, in fact they are going to end up losing a ton of money.

I have seen so many examples of this, literally people who lost houses over this, why? Because they saw the bull run, turned their thousands of dollars into hundreds of thousands of dollars, and then they bought a house and all that with it, used it as equity, and then lost it all during bear market.

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March 04, 2023, 05:11:00 PM
 #150

Thanks for all the point that you all have shown me and I want to if a beginner after seeing the fall of the market system and Fear cut him away then never have to do it again because of fear of what has happened before, what will be your encouragement to such person the has the fear to trade but has the love for trade?
If you love trading, You don't need encouragement. All you need is the knowledge in trading and the confidence in making some trades. There are platforms who is offering paper trade or demo trades, You can practice there so there's no fear in losing some money. If your fear is failing or losing a trade even if there's no money involved, I think you need to overcome it as I believe that there are no trader who is perfect that is nailing every trade that the trader is doing. Failing or losing a trade is normal, What is important is the accuracy rate you have on trading. Fill yourself up with knowledge and you yourself will be the one who will engage yourself in trading.




Okay I love and appreciate your point very well then but I have tired with $30 as my capital and trade with $20 and lost everything then I went back to Demo account to practice I found out that I am doing well with the demo but when I had money in it I try to make it same as I practiced but I end up losing everything.
why is the happening to me is it that I didn't do it same as I practiced or what please tell me I need to know please?

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March 04, 2023, 05:20:10 PM
 #151

Trading without knowledge can be very risky. Trading isn’t easy money. You won’t become rich overnight through trading. I am just hoping that your friend has chosen good coins, or else no one can save him from getting losses. At first you need to understand how the market works, when the price of the coin increases and when the price falls. What marketcap is and how it plays an important role in the part of trading. Nevertheless nothing can be done other than waiting. Let’s hope for the best.

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March 04, 2023, 07:44:49 PM
 #152

Trading without knowledge can be very risky. Trading isn’t easy money. You won’t become rich overnight through trading. I am just hoping that your friend has chosen good coins, or else no one can save him from getting losses. At first you need to understand how the market works, when the price of the coin increases and when the price falls. What marketcap is and how it plays an important role in the part of trading. Nevertheless nothing can be done other than waiting. Let’s hope for the best.
In my opinion, most of the people who first come to trading and face losses are of this nature. They get into trading thinking that cryptocurrency trading is a magic wand to become rich overnight, but they don't know how slippery it can be if they don't tread properly and can slip and break their back. In my opinion, to get out of these misconceptions and do professional trading, even as a beginner, the basic things that need to be known should be learned first. Otherwise they will must face Loss.


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March 04, 2023, 09:15:24 PM
 #153

While it is possible for someone without any prior knowledge of trading to enter the market and potentially make a profit, it is generally not recommended. Trading involves a certain level of risk and requires a certain level of knowledge and experience to be successful in the long run. Relying on luck or guesswork is not a reliable strategy for trading.
so in the long run, i think his/her luck will disappear.
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March 04, 2023, 11:20:24 PM
 #154

Anybody that don’t have knowledge about trading can trade but the person will waste money in the process because you will have to start learning, and if you are learning you will waste money, but if you can continue and you don’t give up, you will one day become a professional but it will take time. If you want to trade as a beginner, it’s better you don’t expect profit for now.

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March 05, 2023, 01:27:25 AM
 #155

Anybody that don’t have knowledge about trading can trade but the person will waste money in the process because you will have to start learning, and if you are learning you will waste money, but if you can continue and you don’t give up, you will one day become a professional but it will take time. If you want to trade as a beginner, it’s better you don’t expect profit for now.

If we learn by spending our money then it won't be a waste since we try to get more experience, not everyone has money to start learning or start trading so there are a lot of trading simulators out there or we can learn from our friends/communities to teach us how to trading because friends/communities can guide us before we start to trading so we won't lose in waste.


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March 05, 2023, 10:34:42 AM
 #156

Anybody that don’t have knowledge about trading can trade but the person will waste money in the process because you will have to start learning, and if you are learning you will waste money, but if you can continue and you don’t give up, you will one day become a professional but it will take time. If you want to trade as a beginner, it’s better you don’t expect profit for now.

If you are trying to learn while working it can go wrong way. Even if you'll start building nuclear plants not learning about it before you'll hardly build even one. So many ones who expect they can become professionals with a profitable trading just basing on their own experience can face out that they will not achieve that anytime. Not just because they can't learn anything in trading but because professional traders are playing against them and professional traders usually keep learning to play even better.

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Munir575
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March 06, 2023, 11:25:58 PM
 #157

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
I believe that YouTube lectures are sufficient for beginners who wish to begin trading. Avoid pricey courses because, in my opinion, if someone has a trick or a special technique that can help them make money from a deal, they won't need to offer courses to make money. Instead of using money to purchase courses, use it to get some trading experience instead. You will learn more about trading as a result.
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March 07, 2023, 12:18:09 AM
 #158

I guess with all your ideas and contribution to my question will really help me go along way and also help a beginner that want to start up trade know what to do from all your ideas. Thanks once again!!.

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March 07, 2023, 06:34:25 AM
 #159

so I wan to know if it's right for the person to begin trading?
Trading can be difficult and risky, particularly for beginners. It necessarily requires knowledge, experience, and expertise. It is critical to carry out research, begin with a demo account, and create a solid trading plan and risk management strategy.

Trading entails risks, and there is no assurance of success. Trading should be approached seriously, not as a game of chance, with realistic expectations and a willingness to accept both profits and losses.
In case of a new trader, it is necessary to acquire knowledge on various subjects. But in all these traders it is not possible to acquire that knowledge. Because in many people that kind of interest does not work or many people are impatient. But patience is one of the few important aspects of a trader. Traders who are not interested in learning about various aspects of trading such as indicators, chart patterns etc. may drop out in a short period of time. There are many who lack knowledge but they continue to trade and once a time they will also leave the platform. That is why gaining knowledge is most important factor in trading life.

A new trader takes interest in trading and he thinks that trading will make profit but he has no idea about loss. Many don't pay attention to the risk, when he loses he realizes his mistake. However, such obstacles will come regularly. And when you can overcome all these obstacles through gathering knowledge, you will be able to identify yourself as a trader.

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March 07, 2023, 07:42:14 AM
 #160

This is the best thing to do when it comes to trying.
The condition is that when we learn in terms of material, of course there must be some practice that must be done and learning to use demos is a good solution, although in this condition most people or beginners always skip because they are not very helpful because they think demos are not very interesting because don't use the heart but this can still be used in fact, moreover this can also be minimized prior to a real account and with your real money, of course.
I see a certain danger in demo trading, I recently read on the forum the story of one trader who traded on a demo for a long time and his results were successful, I suspect that this was largely due to the fact that he did not turn on emotions, he was not afraid to lose money .

Then he decided that he was ready for real trading, but since he had no savings he decided to borrow money, in the end he lost everything. Of course there is a moment of borrowed money, this could add additional emotions, but anyway, if he was so successful on demo trading, why did he lose everything when trading with real money? Because these are completely different things, different responsibilities, different emotions that will need to be dealt with.
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March 07, 2023, 08:03:02 AM
 #161

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
In fact, trading on the side of newbies becomes like a fortune. There must be some minimum experience for trading. When a newbie starts trading, if he doesn't get some experience, he won't be successful in trading. One must rely on his luck to make a profit. Whenever a person gains some experience in trading, he will automatically understand when to trade and when to sell the trade. So I think the surplus person you give should have at least some experience about trading.
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March 07, 2023, 10:14:38 AM
 #162

In fact, trading on the side of newbies becomes like a fortune. There must be some minimum experience for trading. When a newbie starts trading, if he doesn't get some experience, he won't be successful in trading. One must rely on his luck to make a profit. Whenever a person gains some experience in trading, he will automatically understand when to trade and when to sell the trade. So I think the surplus person you give should have at least some experience about trading.
The ultimate goal of every trader is to see their portfolio stock with massive earnings from trading positions. Setting up a trade is extremely simple if one has gone through the fundamental, technical training and gained knowledge of how the market functions. For beginners who are serious about making good profits from the market, trading is definitely advantageous. Losses occur because of the necessity of experience in the field; they are inescapable. A novice would suffer significant losses in the market in order to learn from them and avoid making the same mistakes again. In this field, luck also plays a role; it has sustained traders, and in essence, it also depends on risk management.

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March 07, 2023, 10:20:54 AM
 #163

In fact, trading on the side of newbies becomes like a fortune. There must be some minimum experience for trading. When a newbie starts trading, if he doesn't get some experience, he won't be successful in trading. One must rely on his luck to make a profit. Whenever a person gains some experience in trading, he will automatically understand when to trade and when to sell the trade. So I think the surplus person you give should have at least some experience about trading.

Those who do not start can never learn. Including trading, you will not be able to without trying. I would say good for a beginner because he can benefit if he continues to diligently learn to do that. It wouldn't be great if the newbie stopped before understanding. Because so far I've got more profit and it adds money to my family's living expenses. 
Of course, beginners will feel uncomfortable at first, but it is a process that they must go through to gain experience and then master trading.

R


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March 07, 2023, 12:11:38 PM
 #164

...
My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

trading is good for all people, especially beginners but trading without knowledge and skills is like someone walking in the middle of the desert without drinking water and food supplies. when I worked as a broker at a gold brokerage before, every day I met people who had a good economy and really wanted to be able to make a profit from trading but they were lazy to increase their knowledge and skills, this is what fraudulent brokers often take advantage of.

trading only relying on luck - trading only relying on friends' invitations - trading only based on FOMO will definitely end up with big losses. trading requires careful preparation - focus - consistency - persistence.



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March 07, 2023, 12:26:23 PM
 #165

Quote
In my opinion someone who has zero experience of trading on any speculative market but claims to make money easily through trading is trying to fool the person in front. Those who have been trading for years know how the market works but not newbies.

There is no doubt that trading is not easy.Experience is very important for trading.But now newbies can also trade easily,And if the newbies say that they are making money easily through trading, it will not be wrong.Now there are many exchanges that provide great options for newbies with new features like copy trading and bot trading And this is a big change in the world of trading,in copy trading newbies can follow any best rank trader and earn daily basis by copy trading,Similarly, newbies with Bot trading can trade easily by setting the bot on auto.With this kind of copy trading and Bot trading, newbies can easily do daily trading without any experience.And without any experience newbies can earn very well

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March 07, 2023, 01:57:11 PM
 #166

Thanks for all the point that you all have shown me and I want to if a beginner after seeing the fall of the market system and Fear cut him away then never have to do it again because of fear of what has happened before, what will be your encouragement to such person the has the fear to trade but has the love for trade?
If you love trading, You don't need encouragement. All you need is the knowledge in trading and the confidence in making some trades. There are platforms who is offering paper trade or demo trades, You can practice there so there's no fear in losing some money. If your fear is failing or losing a trade even if there's no money involved, I think you need to overcome it as I believe that there are no trader who is perfect that is nailing every trade that the trader is doing. Failing or losing a trade is normal, What is important is the accuracy rate you have on trading. Fill yourself up with knowledge and you yourself will be the one who will engage yourself in trading.

I agree with what you said. Self-study seems to be what we need so that we can learn quickly in a short time. And that's because, in the trading demo, we can learn a lot there so that we can get used to it and also know what should and shouldn't be done.

      Because you can't immediately jump into even a trading platform that you don't even have any knowledge or idea of what you're getting into, it's difficult what you just heard or someone just encouraged you, this is not the right reason for you to enter the trading business.



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Rainbot
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March 07, 2023, 03:03:39 PM
 #167

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

Yes anybody can be profitable in trading, even someone who has no clue about trading can be lucky and invest in the right project. The question is how likely is it for the luck to stick around or is he going to lose his money eventually. I would recommend anybody that is interested in trading to first read about it and study to get some basic knowledge. This doesn't mean we need to spend years to learn everything, a few days and some good articles can teach the basics. After that I would recommend to start trading very small. Theory is one thing, even better is to already apply theory in practice and see how we are doing. As long our positions are small we don't face the risk of losing a lot of money.
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March 07, 2023, 04:59:55 PM
 #168

After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
For me everyone should be a trader at least for just a day. Trading has no discrimination. And I think that for every beginner, trading is a good idea to start with but only if you have knowledge on trading. And to acquire the knowledge is quite easy depends on where you look for it and who you ask. If you don't have any idea or knowledge about trading, investing in it with all your savings is very risky because you will end up loosing everything you invested. Learning first starts with curiosity and next gathering knowledge on trading. Like I said, seek advice from those who have been trading before you, also make research on trading to understand trading strategy before you start trading.

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MIner1448
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March 09, 2023, 07:30:33 AM
 #169

Trading in cryptocurrencies can be challenging for beginners, as it involves a complex and often volatile market. The crypto market is highly speculative, and prices can fluctuate rapidly, making it difficult to predict market trends and make informed trading decisions.
However, there are resources available for beginners to learn about cryptocurrency trading, including online courses, forums, and tutorials. It is important for beginners to take the time to educate themselves and to start with small investments while they are learning.
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March 09, 2023, 01:25:44 PM
 #170

Yes anybody can be profitable in trading, even someone who has no clue about trading can be lucky and invest in the right project. The question is how likely is it for the luck to stick around or is he going to lose his money eventually. I would recommend anybody that is interested in trading to first read about it and study to get some basic knowledge. This doesn't mean we need to spend years to learn everything, a few days and some good articles can teach the basics. After that I would recommend to start trading very small. Theory is one thing, even better is to already apply theory in practice and see how we are doing. As long our positions are small we don't face the risk of losing a lot of money.
I would say that many years of practice will be required for good results, because it is one thing to learn all the theory and another thing to be able to apply it in practice.

In addition, the market does not operate according to textbooks, everything does not really happen as clearly as in the examples that are described in books, everything can be much more complicated, and this becomes clear only after the fact of how it happened.

In addition, you need to be aware that you will lose money, not all transactions will be profitable. Sometimes you will need to close deals with small losses, and beginners need to be prepared for this. It will not be such that everything will turn out well at once.
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March 09, 2023, 05:10:24 PM
 #171

Yes anybody can be profitable in trading, even someone who has no clue about trading can be lucky and invest in the right project. The question is how likely is it for the luck to stick around or is he going to lose his money eventually. I would recommend anybody that is interested in trading to first read about it and study to get some basic knowledge. This doesn't mean we need to spend years to learn everything, a few days and some good articles can teach the basics. After that I would recommend to start trading very small. Theory is one thing, even better is to already apply theory in practice and see how we are doing. As long our positions are small we don't face the risk of losing a lot of money.
I would say that many years of practice will be required for good results, because it is one thing to learn all the theory and another thing to be able to apply it in practice.

In addition, the market does not operate according to textbooks, everything does not really happen as clearly as in the examples that are described in books, everything can be much more complicated, and this becomes clear only after the fact of how it happened.

In addition, you need to be aware that you will lose money, not all transactions will be profitable. Sometimes you will need to close deals with small losses, and beginners need to be prepared for this. It will not be such that everything will turn out well at once.

Good point, there are things that's very different from the book and in actual trading, you needed to prepare yourself and keep doing your practice to anticipate much better, there are times that you are very sure with your decision but the market will go the other side and you will lose your investment.

Times, that you needed to adjust and accept your losses but re-trying your position and try to recover is also possible if you understand some open opportunities to take.

Always matter with how you desire and understand how the market will flow and keep doing your best to keep on track and
enhance your strategy to make a good call and a profitable execution of your trade.

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March 09, 2023, 05:20:26 PM
 #172

Although luck would only have a very minor impact at first, I seriously doubt the person would make any money given the greater risks that an uninformed person would face. Without the necessary knowledge, understanding, and substantial trading experience, a newbie will chase losses, incorporate emotions into their trading decisions, and make several mistakes. That person will never be able to appropriately analyze the market, trade, or manage risk. They will also never be able to utilize the best approach. In conclusion, no novice trader should start until they have completed the proper trading courses, have used a number of trading demos, have obtained a mentor, or are part of a network where they can learn from other experienced traders.

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March 09, 2023, 05:54:54 PM
 #173

In fact, trading on the side of newbies becomes like a fortune. There must be some minimum experience for trading. When a newbie starts trading, if he doesn't get some experience, he won't be successful in trading. One must rely on his luck to make a profit. Whenever a person gains some experience in trading, he will automatically understand when to trade and when to sell the trade. So I think the surplus person you give should have at least some experience about trading.
The ultimate goal of every trader is to see their portfolio stock with massive earnings from trading positions. Setting up a trade is extremely simple if one has gone through the fundamental, technical training and gained knowledge of how the market functions. For beginners who are serious about making good profits from the market, trading is definitely advantageous. Losses occur because of the necessity of experience in the field; they are inescapable. A novice would suffer significant losses in the market in order to learn from them and avoid making the same mistakes again. In this field, luck also plays a role; it has sustained traders, and in essence, it also depends on risk management.
The trading industry is quite intricate. While luck could play a role, it would only be a little one. The market's technical and fundamental aspects must be understood well if you wish to succeed. Let me tell you, trying to correctly anticipate market movements is like trying to successfully apprehend a snitch while blindfolded. So here's the deal: defeat is inevitable; the important thing is to use it as a teaching moment. In order to advance in this industry, you must adopt this strategy. Furthermore, I will not even begin to discuss the fast schemes. Without having a broomstick makes it difficult to play quidditch. One mistake and you're out of the game. Due to the volatility of the market, it is essential to maintain a high level of vigilance.
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March 09, 2023, 07:47:50 PM
 #174

Trading is not easy and requires lots of skills for one to be profitable.It takes a lot of time for one to become a professional in the field of trading.Dont think it is a good idea for a beginner trader to invest all his saving in trading,better to play it safe and step by step.

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March 09, 2023, 09:34:25 PM
 #175

People who doesn't understand technical analysis can have a lucky streak by just blindly buying and selling, but that luck will run out eventually, and since they don't know about risk management and other basic trading principals, they'll eventually blow through their account.

If they want to trade, they should invest the time to learn.. and practice with a very small amount just to practice until they become consistently profitable.
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March 09, 2023, 10:08:45 PM
 #176

Trading is not something that you think of at 3am and immediately do at 6 am. It requires extensive patience and a little background on the market practices. Analysis is a pretty subjective credential as I don't really think anyone's got a good idea of how the market will move tomorrow but I do understand the logic and discipline involved in making predictions and educated guesses. Ultimately I don't mean to gatekeep but to save your friend the trouble of losing all his hard-earned money on something that he barely knows how to operate from, I would highly suggest he take up a couple youtube videos or so to get a clearer understandign of how trading works in general. That way he wouldn't blame you for his losses, and he's also able to tank losses and understand where he went wrong.
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March 09, 2023, 10:13:23 PM
 #177

I honestly wouldn't advise a beginner to engage with day trading for a start, the best they could start with is investing in top coins for long-term profit.

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March 11, 2023, 12:57:17 AM
 #178

Trading is not something that you think of at 3am and immediately do at 6 am. It requires extensive patience and a little background on the market practices. Analysis is a pretty subjective credential as I don't really think anyone's got a good idea of how the market will move tomorrow but I do understand the logic and discipline involved in making predictions and educated guesses. Ultimately I don't mean to gatekeep but to save your friend the trouble of losing all his hard-earned money on something that he barely knows how to operate from, I would highly suggest he take up a couple youtube videos or so to get a clearer understandign of how trading works in general. That way he wouldn't blame you for his losses, and he's also able to tank losses and understand where he went wrong.

Better understanding is still the best foundation when dealing to something, especially if there's money involve it's tough to push yourself into something that you are unsure on what you are doing, you should focus on each knowledge that you can gather to make sure that you are well equipt before jumping or starting your journey.

With your idea, there's always the right way to start your investment to make sure that you will be able to protect your hard-earned investment.

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March 11, 2023, 12:07:18 PM
 #179

Trading is not something that you think of at 3am and immediately do at 6 am. It requires extensive patience and a little background on the market practices. Analysis is a pretty subjective credential as I don't really think anyone's got a good idea of how the market will move tomorrow but I do understand the logic and discipline involved in making predictions and educated guesses. Ultimately I don't mean to gatekeep but to save your friend the trouble of losing all his hard-earned money on something that he barely knows how to operate from, I would highly suggest he take up a couple youtube videos or so to get a clearer understandign of how trading works in general. That way he wouldn't blame you for his losses, and he's also able to tank losses and understand where he went wrong.
yes, it's true that trading is not a trivial matter, you should not be careless in trading or open a trade if you don't want to lose a certain amount, for beginners you should first understand all the risks involved in trading. know yourself learn to control your emotions and in my opinion the most important thing for a trader is to be able to manage good money management so as to avoid what is called a margin call, this is an interesting thing when a beginner can go through all of this and can get consistent profits over a long period of time certain.

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March 11, 2023, 11:01:07 PM
 #180

someone who is just starting out trading could get lucky if they do that, but luck won't always be on their side, so they could follow suit but lose all their money in the end.
it's different if he puts in a small part of his money to learn trading, so that when he has experience he can use even more money.
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March 12, 2023, 01:07:30 AM
 #181

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
Of course everyone has chance , but the problem is how much is the chance? I mean if you are going to invest that amount would it be doubled or lose?
because there is no assurance here even those knowledgeable sometimes experience defeat so what more those chance taker?
invest when you are ready and never use  trading as gambling area because they are different .

If you are going to trade you should be aware that you will lose no matter how professional you are because that is the part of trading . You should accept it and learn from it because that is your teacher and will teach you valuable lesson . Also trading is very far from gambling as you are just basing with luck then if you want to trade and relying on luck then for sure in the long run youll be frustrated as you are losing a lot

In trading there will always be profits and losses, obviously when there is a novice his main tendency will be to lose, or he may be very lucky and win, but the activity that can most often occur is to lose, and the bad thing is that a novice You will never accept that you must read, learn, and apply all your knowledge, sometimes the emotions of novice traders make you operate without knowledge and that is the worst of all mistakes, because it translates into loss of money, and that is already something delicate, because trading is not gambling.

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March 12, 2023, 12:08:27 PM
 #182

someone who is just starting out trading could get lucky if they do that, but luck won't always be on their side, so they could follow suit but lose all their money in the end.
it's different if he puts in a small part of his money to learn trading, so that when he has experience he can use even more money.

Trading with a couple of bucks is not the same as trading with millions of bucks and that is not the same as with billions. So couple bucks training will not give you enough experience for trading in general, it is better to learn about trading from books and try training mode with different virtual deposits. And even experienced traders can lose anyway, it is better to keep it in mind and not try to risk too much even when you think you are professional.

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March 13, 2023, 02:31:57 PM
 #183

good if they really want to learn trading.
but at first you might find it difficult and also this is a very risky activity so I think he should know the risks before starting.
if you already know about trading you should teach your friend, so he will get some help.

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March 13, 2023, 07:25:36 PM
 #184

someone who is just starting out trading could get lucky if they do that, but luck won't always be on their side, so they could follow suit but lose all their money in the end.
it's different if he puts in a small part of his money to learn trading, so that when he has experience he can use even more money.

Trading with a couple of bucks is not the same as trading with millions of bucks and that is not the same as with billions. So couple bucks training will not give you enough experience for trading in general, it is better to learn about trading from books and try training mode with different virtual deposits. And even experienced traders can lose anyway, it is better to keep it in mind and not try to risk too much even when you think you are professional.



Professional or not I don't think in trade they have anything called professional because I have think and tried to be one but not really seeing anything coming out so I initially trade is not manipulated by someone but was built in it own form and pattan .

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March 14, 2023, 07:33:36 AM
 #185

Professional or not I don't think in trade they have anything called professional because I have think and tried to be one but not really seeing anything coming out so I initially trade is not manipulated by someone but was built in it own form and pattan .

Market is changing with the time so to keep own form and patterns you should change them as well. And if you think that you are not being manipulated then you just didn't realize that you are being. Trying to understand where and how are you being manipulated can help you in trading as the same way many others are being manipulated the same time but you never know if it is not the manipulation also. And when someone grows into the whale they should learn themselves how to manipulate others as they become too big to play with someone else's waives.

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March 14, 2023, 08:00:34 AM
 #186

Trading with a couple of bucks is not the same as trading with millions of bucks and that is not the same as with billions. So couple bucks training will not give you enough experience for trading in general, it is better to learn about trading from books and try training mode with different virtual deposits. And even experienced traders can lose anyway, it is better to keep it in mind and not try to risk too much even when you think you are professional.


I would say you learn from practical trading not from books or training courses. If you are new to trading then start with small money and gradually increase it. It is imperative to mention that one need to bear losses at every stage of trading. If you have weak nerves and cant bear loss then trading is certainly not for you. Moreover trading (short term) is not everyone game and you need to understand this fact as early as possible to avoid further loses.
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March 14, 2023, 08:01:06 AM
 #187

I would not advise it because it's better to gain enough knowledge before going into trading seriously. Despite that, I prefer to HOLD and get something else to do to get another source of income, trading as its own risk especially trading futures. Trading as a beginner has serious consequences before it will get to the extent of the beginner losing their fund.

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March 14, 2023, 04:30:09 PM
 #188

I think everyone who studies in anything experiences a struggle to be able to understand and survive in it.
Likewise with trading, I believe that everyone who is just starting trading will find it difficult at first, but over time they will learn.

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March 14, 2023, 05:44:45 PM
 #189

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.

Actually trading is good for beginners who already have basic knowledge about trading and crypto and really want to pursue it and accept the risks involved. But it's not good if someone is a beginner with no basic knowledge of trading or crypto at all.

Trading is the same as the work we do, it takes a process or time to learn and gain knowledge and understand the risks of the work we take, not just as long as it is done based on one aspect, but must understand all aspects or at least have basic knowledge about what we're going to do. If the job is carried out without being accompanied by studying special basic knowledge first and only relying on luck, I'm sure one day it will definitely harm itself. It's the same as trading, at least we have to learn and have basic knowledge and understand crypto before trading.









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March 14, 2023, 06:04:29 PM
 #190

Actually trading is good for beginners who already have basic knowledge about trading and crypto and really want to pursue it and accept the risks involved. But it's not good if someone is a beginner with no basic knowledge of trading or crypto at all.

Trading is the same as the work we do, it takes a process or time to learn and gain knowledge and understand the risks of the work we take, not just as long as it is done based on one aspect, but must understand all aspects or at least have basic knowledge about what we're going to do. If the job is carried out without being accompanied by studying special basic knowledge first and only relying on luck, I'm sure one day it will definitely harm itself. It's the same as trading, at least we have to learn and have basic knowledge and understand crypto before trading.
Anyone can trade, but not all of them really understand how to make a profit. So of course losses are a risk for any trader because crypto has very high price volatility compared to other assets.

Because of the risk, every trader may only trade because of his own decision without any coercion. The inability to understand how the market works is self-defeating, so of course getting the right knowledge is recommended before trading.

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March 14, 2023, 07:00:47 PM
 #191

Whether you are a beginner in trading or not we need to learn how to trade very well before thinking of entering into the market place.
Trading is very hard so we don't need to rush our journey of becoming a trader so we need to calm down and learn the necessary things that would make us a good trader. I have seen some few trades that do not even know how to trade but what they always do is to ask funny questions about the market so they would know when to enter the market and execute there trades. We don't need to be these kind of traders.









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March 15, 2023, 11:53:15 AM
 #192

I would say you learn from practical trading not from books or training courses. If you are new to trading then start with small money and gradually increase it. It is imperative to mention that one need to bear losses at every stage of trading. If you have weak nerves and cant bear loss then trading is certainly not for you. Moreover trading (short term) is not everyone game and you need to understand this fact as early as possible to avoid further loses.

How many newbie traders make silly mistakes about which they can read in a children books on economy? If to look even in this forum I'd say that too many. You can make the same silly mistake again and again and still think that you are just not as lucky as others, not every mistake learns us something. So IMO it is important to learn first basics from books, then try to use learning mode of trading and only then try to play at a real market with a small deposit, then lose it anyway and start getting an own experience or left a market if it is not suitable for you.

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March 16, 2023, 12:21:13 AM
 #193

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
We cannot judge people if he or she wants to trade, it is a matter of choice simply because it involves money, we know trading is not simple, and beginner's need to learn more so the better strategy if we are a newbie we need to trade with a small amount an amount that we can afford to loss, and if time will come that we are full of idea or strategy and we learn to trade by our self then we can start trading with big capital.


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March 16, 2023, 03:30:25 AM
 #194

Quote from: Bushdark
Whether you are a beginner in trading or not we need to learn how to trade very well before thinking of entering into the market place.
Trading is very hard so we don't need to rush our journey of becoming a trader so we need to calm down and learn the necessary things that would make us a good trader. I have seen some few trades that do not even know how to trade but what they always do is to ask funny questions about the market so they would know when to enter the market and execute there trades. We don't need to be these kind of traders.

Trading required skills, which you need to learn to acquire such knowledge concerning crypto trading before you can decide to trade on your own in the market. If you can exercise patience to learn crypto trading very well like the way potential traders took their time some years ago to learned so many things about Long term trading and short term trading to know the one that is profitable to traders in the community. It will be advisable to learn trading before trading in the market, so that it will help you to embrace profits in your trading and also help you to stay away from losses by buy crypto when the price is low in the market.

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March 16, 2023, 09:00:15 AM
 #195

Can a person be a trader without a general understanding of the financial markets? Is your friend ready to make the right decisions, have an understanding of market trends, and have the ability to manage risk and their own emotions? Well, in addition, to having the ability to adapt to changes in the market, All this and much more do not come in one day; experience and long practice are needed, which bring both mistakes and victories. Of course, if there is interest, it must be thoroughly studied, but one must be prepared that many ravines can be encountered along the way, which ultimately destroy the desire to trade.
There is only one thing that his friend is waiting for, and it is $0 value in his wallet. The concept in trading is easy to understand but it is the one of the hardest job to execute and it is the reason why only few handful individuals are making money from trading. Basic foundation is very important to learn like how to read a chart, how to read a candlestick, how to define a trend, how to identify support and resistance, how to make use indicators, remembering some patterns and also the most important is the trading psychology. If your friend enter in the market without knowing any thing that I mention above, he will be defeated by the market for sure.

Remember that knowledge is power, acquiring knowledge is the 1st thing that we should do before we think how much money that we could earn in trading. Once you have a knowledge then you can apply it in the trading world with confidence and winning attitude. Invest small first, try to experiment different strategies then when you earn confidence, it is the best time to invest huge amount of money.
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March 17, 2023, 02:36:57 AM
 #196

It is not good for beginners because beginner may loss money because trading is a hard work, i believe that if the trader is a newbie to trading works they have a big chances of loosing,so to those who are beginners i suggest that learn the basic first or consult the expert first before we do trading to make everything fine if there are strategy that you did not understand ask youre expert friend and understand every single detail that he might teach you.

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March 17, 2023, 04:41:15 AM
 #197

Short-term trading is risky for beginners, but if we don't start practicing, we will never be proficient in trading. for me the wisest thing is to study in theory first so that you have knowledge about short-term trading, and after that don't rush to get big profits and in a short period of time, therefore use small capital first to gain experience. afterwards, we will understand the difficulties that exist in trading, so that we can slowly improve them gradually

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March 21, 2023, 10:03:18 PM
 #198

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.
I think the people you meet are not really being honest telling the truth. he says he has no knowledge of trading, but he uses all his savings to trade and make a profit? how could that be?. it looks very funny and very easy way to earn a lot. so that we know he was not honest with you OP.
It is impossible for people who do not have trading knowledge to be desperate to use all their savings to trade and make a profit from it.

Short-term trading is risky for beginners
In my opinion, trading is indeed a risky activity or job, but it is not only risky for beginners, even a professional trader cannot avoid the risk of losses that exist when trading.

for me the wisest thing is to study in theory first so that you have knowledge about short-term trading, and after that don't rush to get big profits and in a short period of time, therefore use small capital first to gain experience. afterwards, we will understand the difficulties that exist in trading, so that we can slowly improve them gradually
what you say is absolutely true and this has been said several times that learning the basic theory is the main key for everyone when they want to start trading, we shouldn't force ourselves to trade right away if we haven't mastered the basic theory and understand how to analyze the market.
after really feeling that we have  enough a basic understanding of trading, we are welcome to start practicing trading gradually with small money first and don't ever be greedy to use all of our money to trade.


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March 21, 2023, 10:33:30 PM
 #199

Trading platforms are not safe for everyone. There are many experienced traders but they sometimes make losses on the trading platform. Trading platform is a very profitable business on the one hand while training platform is a very risky business. But I definitely don't think it's safe for newbies here. There are some new traders who enter here after gaining some experience. They consider themselves to be very experienced after making few trades. I never consider this type of person to be experienced, I think the training platform for them is unsafe.

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March 21, 2023, 11:21:38 PM
 #200

...
My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

trading is good for all people, especially beginners but trading without knowledge and skills is like someone walking in the middle of the desert without drinking water and food supplies. when I worked as a broker at a gold brokerage before, every day I met people who had a good economy and really wanted to be able to make a profit from trading but they were lazy to increase their knowledge and skills, this is what fraudulent brokers often take advantage of.

trading only relying on luck - trading only relying on friends' invitations - trading only based on FOMO will definitely end up with big losses. trading requires careful preparation - focus - consistency - persistence.

There are so many newbies who enter crypto trading even if they don't know anything because they are willing and ready to gamble because most of them were just encouraged and hyped by the positive things they heard about crypto trading.

     After all, they should really learn first before jumping into something like this, we know that its too good to be true, because no one really gets rich here in crypto trading just one night.



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Rainbot
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March 22, 2023, 03:43:37 AM
 #201

Everything has pros and cons. If newbies are interested in trading then that is very good news but apart from being interested in trading they need to be interested in learning about trading. Because if he does not have enough knowledge about trading then he may face a lot of losses when trading later. So must first gain enough understanding about trading then newbies can move ahead for trading if they want.

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March 22, 2023, 05:35:35 AM
 #202

Depend on which one trading kinds choose by beginner, right now future trading more popular than spot trading because get more and faster profit than spot trading. But with future trading have bigger risk and I think is good choose for beginner with trading in spot, for beginner have mindset with trading not always promising high profit return but some time unpredictable with price drop drastically and we loss our capital.

Good ideas for beginner learn basic and step by step how to start trading exactly in cryptocurrency always have moment fud for making price drop and pump, keep controlling emotion and greedy before start trading in cryptocurrency because many people get bad experience loss in trading due loss control and greedy want to earn more profit.

R


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March 22, 2023, 05:23:29 PM
 #203

Depend on which one trading kinds choose by beginner, right now future trading more popular than spot trading because get more and faster profit than spot trading. But with future trading have bigger risk and I think is good choose for beginner with trading in spot, for beginner have mindset with trading not always promising high profit return but some time unpredictable with price drop drastically and we loss our capital.

Good ideas for beginner learn basic and step by step how to start trading exactly in cryptocurrency always have moment fud for making price drop and pump, keep controlling emotion and greedy before start trading in cryptocurrency because many people get bad experience loss in trading due loss control and greedy want to earn more profit.

Yeah I can take that statement, depending from how beginners start their trading participation, like what you mentioned, if you choose future trade meaning to say that you are willing to gamble with your money as the market do have volatile behavior, while if you are more into holding and willing to go for long term wait, spot can help you to wait and understand the adjustments that you needed to do.

Beginners needs deeper information with how the business works and how they can properly adopt with the market movements.

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March 22, 2023, 07:12:14 PM
 #204

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

This is definitely a NO. You need have a thorough understanding of how things work before you begin trading. I don't believe in luck when it comes to trading. Yea, I know you can get lucky at some point but even that luck won't save a beginner that has no knowledge of trading. If that's the strategy then you'll lose all your money in a second. It's not like gambling where you can get lucky. I haven't met that much traders but I've met a few and I've none of them operates on just luck.
So advice that someone to take his time and learn trading from the very beginning, that is if he has the interest to be a trader. He needs to learn and understand the nitty gritty of trading (any kind of trading, be it crypto, forex, stock) before he can venture into it.

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March 26, 2023, 04:03:04 PM
 #205

Trading is not something that you think of at 3am and immediately do at 6 am. It requires extensive patience and a little background on the market practices. Analysis is a pretty subjective credential as I don't really think anyone's got a good idea of how the market will move tomorrow but I do understand the logic and discipline involved in making predictions and educated guesses. Ultimately I don't mean to gatekeep but to save your friend the trouble of losing all his hard-earned money on something that he barely knows how to operate from, I would highly suggest he take up a couple youtube videos or so to get a clearer understandign of how trading works in general. That way he wouldn't blame you for his losses, and he's also able to tank losses and understand where he went wrong.
yes, it's true that trading is not a trivial matter, you should not be careless in trading or open a trade if you don't want to lose a certain amount, for beginners you should first understand all the risks involved in trading. know yourself learn to control your emotions and in my opinion the most important thing for a trader is to be able to manage good money management so as to avoid what is called a margin call, this is an interesting thing when a beginner can go through all of this and can get consistent profits over a long period of time certain.
For me, trade is like that job that we have always wanted to have, but that is associated with good information and good decisions, since otherwise if bad decisions are made, it becomes a loss of money and that is something that nobody likes. , obviously things are as they are, for me trading is a lifestyle, but I still don't have the level to live from it, besides, I spend a lot of time learning, I would like to be good at trading futures, but the truth scares me to operate there, I think that for futures you have to be very expert, and I still have a lot to learn, the books are what have really taught me.

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March 26, 2023, 05:14:20 PM
 #206

Trading is not something that you think of at 3am and immediately do at 6 am. It requires extensive patience and a little background on the market practices. Analysis is a pretty subjective credential as I don't really think anyone's got a good idea of how the market will move tomorrow but I do understand the logic and discipline involved in making predictions and educated guesses. Ultimately I don't mean to gatekeep but to save your friend the trouble of losing all his hard-earned money on something that he barely knows how to operate from, I would highly suggest he take up a couple youtube videos or so to get a clearer understandign of how trading works in general. That way he wouldn't blame you for his losses, and he's also able to tank losses and understand where he went wrong.
yes, it's true that trading is not a trivial matter, you should not be careless in trading or open a trade if you don't want to lose a certain amount, for beginners you should first understand all the risks involved in trading. know yourself learn to control your emotions and in my opinion the most important thing for a trader is to be able to manage good money management so as to avoid what is called a margin call, this is an interesting thing when a beginner can go through all of this and can get consistent profits over a long period of time certain.
For me, trade is like that job that we have always wanted to have, but that is associated with good information and good decisions, since otherwise if bad decisions are made, it becomes a loss of money and that is something that nobody likes. , obviously things are as they are, for me trading is a lifestyle, but I still don't have the level to live from it, besides, I spend a lot of time learning, I would like to be good at trading futures, but the truth scares me to operate there, I think that for futures you have to be very expert, and I still have a lot to learn, the books are what have really taught me.


Still a lot of things to learn as adjustment is un-avoided when you are into this business, there are chances that even you already anticipating the possible next market movement the chance the direction will go to the other direction, you need to really be ready in anything that may affect your trade.

You can properly adjust when you fully understand the risk and you have the nerve to take each risk upon whatever things may happen.

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cute nmp
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March 26, 2023, 08:22:36 PM
 #207

It can be good for both beginner and experienced traders,one need to educate himself well,find a trading plan that suit him and follow a good Trading plan in order to be successful and make consistent profits from the market. Trading is not that simple and it requires a lots of time and effort for one to become an expert in the field.

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April 15, 2023, 04:55:15 PM
 #208

The word beginners suggests that a person is now starting and it means that he does not have any experience yet so in my opinion experience and knowledge is necessary element because without these one cannot be performed well. If your friend do not have any knowledge about trading then I will suggest that he should find another job or get knowledge about the desired one as we all know that trading is not easy and second thing is putting money is necessary for trading so if due to lack of knowledge he losses he will be disappointed. There is more chance of losing than enhancing because he doesn't not know the rudiments about trading.









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Quidat
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April 15, 2023, 05:50:56 PM
 #209

The word beginners suggests that a person is now starting and it means that he does not have any experience yet so in my opinion experience and knowledge is necessary element because without these one cannot be performed well. If your friend do not have any knowledge about trading then I will suggest that he should find another job or get knowledge about the desired one as we all know that trading is not easy and second thing is putting money is necessary for trading so if due to lack of knowledge he losses he will be disappointed. There is more chance of losing than enhancing because he doesn't not know the rudiments about trading.
We arent that all knowing beings which there are things in life that we would be able to encounter which we do really have that zero knowledge which means that if we do decide to make out some
engagement then it would really be totally depending on someone or to an individual. Trading is neither good or bad for beginners which we wont really be able to know on what would be the outcome
unless we do try.

This is where we are really trying out to learn up new things because we know that it cant really be just that possible to know on what are the outcomes
if we wont really be making out any actions towards it.Learning is a process and cant be done on a single day.
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April 15, 2023, 06:03:31 PM
 #210

Trading an activity that involves high risk and can result in large profits or losses. Before starting trading, beginners should learn about the types of assets they want to trade. For beginners, it is advisable to find a mentor or join a trading community to learn from the experience of more experienced traders. In addition, they must understand basic concepts such as technical and fundamental analysis, risk management and trading strategies. Before starting trading, beginners should ensure that they understand the risks and are ready to accept them.

lizarder
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April 15, 2023, 07:03:08 PM
 #211

After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
He is gambling more precisely because trading is impossible if one does not have a basic knowledge of it and I think his savings will decrease against the percentage of profits he makes. I don't think it's at the stage whether he can or can't, but whether he understands or not how to trade, how can he consider the order pattern and stop loss method if he has no knowledge.

Trading is much more difficult than building a business and I would never believe anyone who said they made huge profits from trading without knowledge. The percentage of people who are successful like this is much smaller and even if there are they don't always get lucky.

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usekevin
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April 15, 2023, 08:06:55 PM
Last edit: April 20, 2023, 12:45:24 AM by usekevin
 #212

Trading of crypto currency is not easy like stock market,you will get easy profit in the stock markets.The trading of crypto currency need to analyse the market with the minimum interval of time.The market also allow you to response for your strategies.Because not all the strategies will get the money their masters.When the market act with your own strategy,the you can earn 100-300% percentage of the invested money.On trading you need of investors to give you dollars at the needed situation.Then the money you invested can be hold for longer periods.Trading with trusted coins will reduce the risk of losing money.It also multiplies your investment and income.

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Mame89
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April 15, 2023, 08:48:18 PM
Merited by fillippone (1)
 #213

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
Every beginner if you want to be a trader the learning process is important to build skills in trading. Trading can be a difficult and challenging job as it involves money and a high degree of risk. However, by studying and being dedicated to improving skills and knowledge, a trader can become more skilled and confident in making investment decisions. What your friend is doing is correct, he just needs to keep learning and must be able to keep his emotions in trading.

However, some beginners or new traders may have unrealistic expectations or lack an understanding of the risks involved in trading. This can lead to bad decisions and potentially large losses. Therefore, it is important for beginners to start with a small amount and pay close attention to risk management.

In addition, it is important to have a clear and consistent trading plan and to do sufficient research before deciding to trade. Don't forget to always update your friend's trading strategy based on experience and previous trading results.

However, if after a few trades a person decides to stop trading, it may be a sign that trading is not the right field for him or that your friend is not ready to invest. It is important to understand that trading is not a quick way to get rich and it takes time and effort to achieve the desired results.

R


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kingvirtus09
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April 15, 2023, 09:05:57 PM
 #214

It's okay to do trading here in cryptocurrency if you have an idea about it, but if you don't know anything about it, it's better to learn first so you don't get disappointed in crypto trading, maybe later you're just hyped because you heard that a lot of people are making money here.
Or don't be like others who can only trade and rely on the prediction of whether it will go up or down. Then in the end you'll see that you're not making money, that's not how things work here in the crypto space and there isn't a single day here where you know that trading is going to happen right away, you need to take your time and time, there's really no short cut here.

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April 15, 2023, 09:54:20 PM
Merited by Casdinyard (2)
 #215

Everything has pros and cons. If newbies are interested in trading then that is very good news but apart from being interested in trading they need to be interested in learning about trading. Because if he does not have enough knowledge about trading then he may face a lot of losses when trading later. So must first gain enough understanding about trading then newbies can move ahead for trading if they want.

As a beginner in trading, in terms of cryptocurrency, you should be able to have the strong foundation regarding having strong understanding about it so that you know what you are getting into. With todays advancement of technology, you can really make use of the internet to learn these stuffs. Along with these, you should also understand the market conditions so that you can see how the market moves and tell the market trends regarding crypto trading.

...
However, some beginners or new traders may have unrealistic expectations or lack an understanding of the risks involved in trading. This can lead to bad decisions and potentially large losses. Therefore, it is important for beginners to start with a small amount and pay close attention to risk management.
...

Indeed, we should be lowering our expectations at first because it is really clear how risky trading is. You should not be affected with losses since there is no guarantee of profit every time. Yes you can start with small amount but you can also start with demo accounts since more trading sites offers this so that you can practice trading without risking your own money. And if afterwards you are confident enough, you can proceed with trading your own money so that you can test what you have learned so far.

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April 16, 2023, 08:40:16 AM
Merited by Casdinyard (2)
 #216

Trading an activity that involves high risk and can result in large profits or losses. Before starting trading, beginners should learn about the types of assets they want to trade. For beginners, it is advisable to find a mentor or join a trading community to learn from the experience of more experienced traders. In addition, they must understand basic concepts such as technical and fundamental analysis, risk management and trading strategies. Before starting trading, beginners should ensure that they understand the risks and are ready to accept them.

You need to be mindful in terms of each decision that you will going to make while positioning your trades, there are many influences that you need to learn, factors that driving the market to its current movement, I know by experienced that trading is not easy for beginners chances to lose your initial capital may happen when mistake take place.

Reviewing and analysing all the possible venue of learning is what you need before involving yourself in making your first trade.

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April 18, 2023, 09:50:03 AM
 #217

Trading an activity that involves high risk and can result in large profits or losses. Before starting trading, beginners should learn about the types of assets they want to trade. For beginners, it is advisable to find a mentor or join a trading community to learn from the experience of more experienced traders. In addition, they must understand basic concepts such as technical and fundamental analysis, risk management and trading strategies. Before starting trading, beginners should ensure that they understand the risks and are ready to accept them.
In addition to your write-up,beginners who are just venturing into trading must be ready to learn what the business is all about,it's not only to put money into trading that is the most important thing,what is most vital in trading is the learning first,beginners must be willing to learn from people who are more experienced than him.He must make research about the coin he is willing to invest in,and furthermore,he must know the particular season he want to invest, knowing fully well that market has season,if its the right season for him to Invest and he won't lose,then he should do that.If those things are not taking into consideration,then,there is every tendency that your money invested into the trade will be a waste.
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April 18, 2023, 10:18:04 AM
 #218

The first thing for those who do trading is to know the crypto market well. If trending is profitable in business, then it is definitely worth investing in. If you don't have good knowledge about investing then definitely take advice from people who are well skilled in trading. of course, investment is suitable for those who can analyze the market well. And knowing the right way about trading will help the prospective investor to succeed.

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April 18, 2023, 01:58:28 PM
 #219

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? 
No.  Given that you already know the answer, your query comes off as ironic. It is similar to a student who wants to take an exam but doesn't prepare for it in the hopes of passing without a doubt. Similar to trading, you cannot earn from it if you don't have the necessary information.

Since trading is very risky, beginners should learn everything there is to know about it when they first start out. This will ensure that any disappointment they experience is due to error rather than a lack of knowledge. Beginners who are new to trading should do so in order to understand how the market functions and when to buy and sell.

R


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April 18, 2023, 02:50:42 PM
 #220

Trading an activity that involves high risk and can result in large profits or losses. Before starting trading, beginners should learn about the types of assets they want to trade. For beginners, it is advisable to find a mentor or join a trading community to learn from the experience of more experienced traders. In addition, they must understand basic concepts such as technical and fundamental analysis, risk management and trading strategies. Before starting trading, beginners should ensure that they understand the risks and are ready to accept them.
In addition to your write-up,beginners who are just venturing into trading must be ready to learn what the business is all about,it's not only to put money into trading that is the most important thing,what is most vital in trading is the learning first,beginners must be willing to learn from people who are more experienced than him.He must make research about the coin he is willing to invest in,and furthermore,he must know the particular season he want to invest, knowing fully well that market has season,if its the right season for him to Invest and he won't lose,then he should do that.If those things are not taking into consideration,then,there is every tendency that your money invested into the trade will be a waste.

I would like to add one more thing: those just starting to trade should be mentally prepared that it will not be possible to make a profit, and loss is inevitable when starting. They should prepare mentally as well as happily accept if there is a loss because what they need to gain are knowledge and experience. And to minimize losses when starting, newbies should only use the minimum amount to start. Most newbies make mistakes at the beginning, they only dream of profit and don't know that no one can be successful the first time.

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April 18, 2023, 04:44:27 PM
 #221

Trading of crypto currency is not easy like stock market,you will get easy profit in the stock markets.The trading of crypto currency need to analyse the market with the minimum interval of time.The market also allow you to response for your strategies.Because not all the strategies will get the money their masters.When the market act with your own strategy,the you can earn 100-300% percentage of the invested money.On trading you need of investors to give you dollars at the needed situation.

Trading is okay to be done by professionals nor newbie provided anybody doing it has learnt how to trade and can execute it properly without relying on trading signals or emotions. Individuals that's coming to the market can be a beginner of cryptocurrency but not as a trader a trader that understand how to trade other markets can easily become successful with cryptocurrency.

Cryptocurency market is not any much different from other markets but just that in the cryptocurency market, the price volatility is much and can turn your profits into losses before you realized. There are many ways of making money from the industry so it must not be trading, as a newbie just coming into the industry.

R


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April 18, 2023, 11:48:38 PM
 #222

In my opinion, trading cryptocurrencies is better suited for a beginner than trading stocks or forex. There is more anonymity, more freedom of choice, you can trade at any convenient time. Another plus is that there is no minimum amount (it is convenient for a beginner to trade small amounts).
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April 19, 2023, 02:26:14 AM
 #223

In my opinion, trading cryptocurrencies is better suited for a beginner than trading stocks or forex. There is more anonymity, more freedom of choice, you can trade at any convenient time. Another plus is that there is no minimum amount (it is convenient for a beginner to trade small amounts).

It is not for beginner it is for all because all trader started as a beginner before they got into a pro trader. The only thing with beginners is that it is not suited for them if they are so greedy and just after with profit because you need learn first gain some knowledge on it before you can start trading. Again trading ia for everyone but if you are not patient enough for sure you'll quit along the way
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April 19, 2023, 05:23:24 AM
 #224

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
A beginner can be useful for trading if he has mastered some basic trading techniques. Because crypto trading is more convenient than other trading platforms. However, if the trader starts trading by acquiring knowledge well before trading, then it is more effective for him. Although trading on crypto platforms is easy, the volatility here is so high that an investor can face huge losses by making the wrong investment. If one plans to trade without acquiring basic knowledge then one should not do it particularly for new traders. If one can start trading with a small amount of money with support from a good trader then it can definitely be a good decision for the beginners.

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April 19, 2023, 05:50:56 AM
 #225

A beginner can be useful for trading if he has mastered some basic trading techniques. Because crypto trading is more convenient than other trading platforms. However, if the trader starts trading by acquiring knowledge well before trading, then it is more effective for him. Although trading on crypto platforms is easy, the volatility here is so high that an investor can face huge losses by making the wrong investment. If one plans to trade without acquiring basic knowledge then one should not do it particularly for new traders. If one can start trading with a small amount of money with support from a good trader then it can definitely be a good decision for the beginners.
I think you mistakenly said trading on crypto easy while saying trading on crypto not that easy. And yes I also think trading in crypto should not be done for beginners without at least basic knowledge. Many times it has been seen that even basic knowledge is lacking for trading in cryptocurrencies. And for beginners even after acquiring the basic knowledge I would suggest them to invest in safe coins like Bitcoin Ethereum as I don't think there is much chance of losing if you do spot training on them.


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April 19, 2023, 07:52:35 AM
 #226

I think you mistakenly said trading on crypto easy while saying trading on crypto not that easy.
I believe what he meant by "easy" was crypto platforms. It is still challenging for me to learn how to use the trading platforms. You must evaluate many factors before taking action in order to avoid losing your money. For example, in futures trading, you must know how to create a stop loss, as well as how to utilize cross margin mode and Isolated mode, because knowing how to use these will keep your port from falling to zero. Furthermore, when depositing and withdrawing funds, you must keep track of which network should be used to avoid losing funds. So, even though it isn't as difficult on learning how to trade , you still need to be cautious.
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April 19, 2023, 03:03:14 PM
 #227

I think you mistakenly said trading on crypto easy while saying trading on crypto not that easy.
I believe what he meant by "easy" was crypto platforms. It is still challenging for me to learn how to use the trading platforms. You must evaluate many factors before taking action in order to avoid losing your money. For example, in futures trading, you must know how to create a stop loss, as well as how to utilize cross margin mode and Isolated mode, because knowing how to use these will keep your port from falling to zero. Furthermore, when depositing and withdrawing funds, you must keep track of which network should be used to avoid losing funds. So, even though it isn't as difficult on learning how to trade , you still need to be cautious.
Things that seem easy, but in practice it is not as easy as imagined. Maybe the people who think it's easy are those who think they just put in money and then apply the entry and then withdraw profits, that's what I see from those who ask me. I've even been offered to use their money, and I only need to give them profit every month. I just smiled when I heard that, and I tried to explain to them that trading is not that easy. Sometimes I also lose a lot of money because the market turns out to be unfriendly during trading.

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April 19, 2023, 03:24:30 PM
 #228

Trading is not a get-rich-quick scheme. Most beginners usually want immediate gratification, hence, they venture into crypto trading with little or no knowledge at all. I don't think people who are just starting our in crypto should engage in trading.

They should get a good understanding of the concept before they begin trading. This would obviously take quite a lot of time but it would be worth all the mistakes and errors in the future. Information is power.
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April 19, 2023, 06:28:24 PM
 #229

Trading is not a get-rich-quick scheme. Most beginners usually want immediate gratification, hence, they venture into crypto trading with little or no knowledge at all. I don't think people who are just starting our in crypto should engage in trading.

They should get a good understanding of the concept before they begin trading. This would obviously take quite a lot of time but it would be worth all the mistakes and errors in the future. Information is power.
Trading is step by step, skipping will only results in losses. Get rich quick scheme is actually not the style of trading, it requires more time before we start making profits in the market, the market is highly volatile and we would only target for the best alternative. Trading for newbies is usually difficult at first, but with constant practice and learning new trading strategies, one will become a pro in less than a year.. understand the concepts of trading, the risks management, the profits and losses and most importantly having good capital to trade.

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April 19, 2023, 07:00:41 PM
 #230

Trading is not a get-rich-quick scheme. Most beginners usually want immediate gratification, hence, they venture into crypto trading with little or no knowledge at all. I don't think people who are just starting our in crypto should engage in trading.

They should get a good understanding of the concept before they begin trading. This would obviously take quite a lot of time but it would be worth all the mistakes and errors in the future. Information is power.
You are right mate,some beginners think trading is the way to making money,and they say that simply because they haven't experienced loss before.They think the moment you venture into trading,you are already on your way to riches not knowing that if you don't really take time to calculate your trading movement,you will lose and end up having emotional issue.Beginners who look for mentors and learn from people who are already experienced in the field are liable to do exceedingly well in trading.

Everybody can venture into trading irrespective of the time started,it doesn't really mean whether you are a beginner or not,all that matters here is the way you go about yours,and the strategy you use in trading are the determining factor in trading.
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April 19, 2023, 07:08:20 PM
 #231

Trading is not a get-rich-quick scheme. Most beginners usually want immediate gratification, hence, they venture into crypto trading with little or no knowledge at all. I don't think people who are just starting our in crypto should engage in trading.
With people's success in trading, those that have heard about it are the ones thinking that this is an easy way and a quick get rich scheme wherein they think that they can do it as well.

IMO, nothing wrong with the new ones to engage with trading but they need to understand the risk and the fate isn't with them at the beginning.

They should get a good understanding of the concept before they begin trading. This would obviously take quite a lot of time but it would be worth all the mistakes and errors in the future. Information is power.
And little information is dangerous as they say, that's when someone think he's better than the others by just having the crowd source information.

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April 19, 2023, 08:20:57 PM
 #232

~ some beginners think trading is the way to making money,and they say that simply because they haven't experienced loss before.They think the moment you venture into trading,you are already on your way to riches not knowing that if you don't really take time to calculate your trading movement,you will lose and end up having emotional issue.
It is true that trading is one of the ways of earning money. Nothing with this assumption!
However, it is not easy as beginners think, trading requires sufficient knowledge and experience. Without knowledge and experience, it is difficult to earn money in trading since trading needs proper strategy and requires good mentality. Sure, not every day we can't earn money from trading, sometimes we may get losses. So, beginners also need to know that trading isn't only about earning but it is also about how to deal with losses. This is why we need knowledge and a good mentality to have good trading management.

Everybody can venture into trading irrespective of the time started,it doesn't really mean whether you are a beginner or not,all that matters here is the way you go about yours,and the strategy you use in trading are the determining factor in trading.
Yep. Success in trading depends on the strategy. Whether beginners or experienced traders must use proper strategies to succeed in trading. To know what the proper strategy is, we need sufficient knowledge and experience. These are something that most beginners don't have. So, that's the reason why many beginners fail in their early journey in trading.


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April 20, 2023, 12:45:02 AM
 #233

Things that seem easy, but in practice it is not as easy as imagined. Maybe the people who think it's easy are those who think they just put in money and then apply the entry and then withdraw profits, that's what I see from those who ask me. I've even been offered to use their money, and I only need to give them profit every month. I just smiled when I heard that, and I tried to explain to them that trading is not that easy. Sometimes I also lose a lot of money because the market turns out to be unfriendly during trading.
It appears to be fine when they approach you to trade their money, but if you do and liquidate their cash, even if you try hard, I'm sure they will chastise you. So, regardless of what they do, never agree to trade with their money. Trade your own money to avoid conflicts with others if you lose.
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April 20, 2023, 01:16:21 AM
 #234

Trading is not a get-rich-quick scheme. Most beginners usually want immediate gratification, hence, they venture into crypto trading with little or no knowledge at all. I don't think people who are just starting our in crypto should engage in trading.

They should get a good understanding of the concept before they begin trading. This would obviously take quite a lot of time but it would be worth all the mistakes and errors in the future. Information is power.
Indeed. Some people think it's easy to become a trader and you can earn huge in instant, not aware how risky it is. Knowledge is vital in trading, trying to trade without knowledge is like going to a war without a gun since you don't have idea of what you're getting into. It's likely that you'll only lose your money because you missed the basic steps that a trader should do before starting.

Thus, for newbies, if you'd like to become a trader then learn to fill your mind with knowledge and don't rush. Because it takes time and that is when you are already aware of the things to know (trading strategies, technical analysis, self control etc.) and able to understand the market flow.

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April 20, 2023, 09:17:48 AM
 #235

Depend on which one trading kinds choose by beginner, right now future trading more popular than spot trading because get more and faster profit than spot trading. But with future trading have bigger risk and I think is good choose for beginner with trading in spot, for beginner have mindset with trading not always promising high profit return but some time unpredictable with price drop drastically and we loss our capital.

Good ideas for beginner learn basic and step by step how to start trading exactly in cryptocurrency always have moment fud for making price drop and pump, keep controlling emotion and greedy before start trading in cryptocurrency because many people get bad experience loss in trading due loss control and greedy want to earn more profit.

Yeah I can take that statement, depending from how beginners start their trading participation, like what you mentioned, if you choose future trade meaning to say that you are willing to gamble with your money as the market do have volatile behavior, while if you are more into holding and willing to go for long term wait, spot can help you to wait and understand the adjustments that you needed to do.

Beginners needs deeper information with how the business works and how they can properly adopt with the market movements.

I personally think future trading would be very risky and not a good thing for beginners to do in their trading I think it will give them a slap in the face.
It would be better for a beginner to start at an early stage by playing or spot trading to reduce their losses on price fluctuations, this will be much better than using futures trading, besides that it is accompanied by learning technical analysis, sentiment news and fundamentals to strengthen predictions of going up or the price turns on spot trading, if you start to understand and can get profits I think it's not a problem to play in future trading because you already have a strategy and analysis of market movements, bad things will happen if you rely on luck.

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April 20, 2023, 03:32:06 PM
 #236

My little advice to any beginner who haven't known how to trade,and have not gotten any experience in trading is that trading is just like gambling,the more you think you will win,is the more you will lose,and the more you think you can recover your money,is the more you will lose your money.Trading is not for children,it is not for people who will lose a small amount of money  and panic,but it is for those who are hard hearted,it is for those who have determined to win,nomatter the circumstances on the.Wining is something you work for,it is something you learn from those that are more experienced in the field.Therefore,I do think beginners joining the forum new should wait and learn from the experienced people here.
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April 20, 2023, 04:18:08 PM
 #237

After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
There is no one who is truly a beginner if they want to trade, because surely they will try to learn first before starting and I agree that for people who do not have knowledge should not do trading before learning how.

If people do not master the science of trading, you should try to find other jobs that are easier and many reasons they will suffer losses when running trading without basic knowledge. But if your friend has an interest in trading, then the step that must be taken is to learn the basics of trading and most importantly ready to lose when conditions are beyond estimates.

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April 20, 2023, 10:12:15 PM
 #238

Trading requires have a foreknowledge of the ecosystem before venturing into it. Trading can be done by anyone but the result depends on individual level of understanding of what it takes to trade and make substantial profit
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April 21, 2023, 11:37:23 PM
 #239

Every trading has a beginning you have to start your trading journey with deep education on how to trade and make profit and loss and also being consistent
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April 21, 2023, 11:47:51 PM
 #240

Every trading has a beginning you have to start your trading journey with deep education on how to trade and make profit and loss and also being consistent
For better understanding and to better position oneself to becoming a really good trader, I consider it very important for new traders to start their trading journey by starting with demo trading.

Technology have become do advanced that any body can learn how to trade efficiently without having to spend huge sums of money to learn from professionals, anybody can learn trading at the comfort of his or her home and also at his or her own leisure time.

Trading in demo mode simply means, trading with fake money, money that is not real, the exchange will issue this money to your demo account to trade with, and how you are able to increase this money after a period of time could determine how good a trader you can become or be when trading real money.

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April 22, 2023, 06:40:27 AM
 #241


There is no one who is truly a beginner if they want to trade, because surely they will try to learn first before starting and I agree that for people who do not have knowledge should not do trading before learning how.

If people do not master the science of trading, you should try to find other jobs that are easier and many reasons they will suffer losses when running trading without basic knowledge. But if your friend has an interest in trading, then the step that must be taken is to learn the basics of trading and most importantly ready to lose when conditions are beyond estimates.

This is the dilemma that without practice it will be impossible to acquire the necessary skills for successful trading. Therefore, I would say that you need to trade and gain experience, but you need to start with small amounts that you are likely to lose, but you will gain experience and be able to understand in real trading what works best for you, which strategy is good and which is not good.

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April 22, 2023, 08:06:45 AM
 #242

Trading can be very risky and is not suitable for everyone. Even professional traders do not always manage to make money in the market, and it can be even more difficult for beginners. Therefore, if you do not have knowledge and experience in trading, I would recommend starting with learning and understanding the basic principles of trading in financial markets.
If you do decide to start trading, then you should invest the time and effort into learning, strategizing, and planning your trades. Follow a well-founded strategy and don't just try to guess the direction of the market. And remember that trading is not a get-rich-quick scheme and requires patience, discipline and risk management.
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April 22, 2023, 03:51:40 PM
 #243

Every trading has a beginning you have to start your trading journey with deep education on how to trade and make profit and loss and also being consistent
Trading is not only all about knowledge,or education,I agree with you that education is one of the major keys involved in been very successful,but trading is not only based on that,I think trading has a little to do with luck.Trading is a little bit related to gambling,where you stake and wait for luck to decide it.Most persons who claimed to be very educated and have a wide range  of experience in trading have failed and loss many times but they won't just let it out.And I don't really advice people to rest their mind on trading because it has failed many persons,and have broken many lives.It is better to hold of don't want to experience such,becausee holding doesn't carry much tension like the way trading does.
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April 22, 2023, 04:01:09 PM
 #244

"Trading" is not as simple as we think but it is not so simple.  We may think we came to trade, traded and left victorious.  The thing is not like that, the meaning of the word trading is many. If we do not decide to trade with understanding then the word trading is very difficult for us but if we do not have the minimum idea about the market and take trade only by seeing some temporary ups and downs of the market then trading is very easy for us. People who are really wise or who have enough knowledge about trading never take decision in haste. Before taking a trade or decision, they think about it several times. And multiple times the market observes different candles and there are some other rules which they try to work by following. 

But trading is not safe for beginners. Because those who don't have the slightest idea about how to succeed in trading.  Newbies should learn or learn about trading first without getting directly involved in trading.
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April 22, 2023, 06:20:44 PM
 #245


My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
Is possible for anyone to get profit if they trade when the market is favorable, but it will be very good if a beginner start holding coin instead of trading them because I think they lack experience on market movement and also lack knowledge about the trading itself. If beginner decides to follow all those trading signal experts I think it is a wrong direction because no one can predict market.

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April 29, 2023, 01:15:24 PM
 #246

If someone doesn't have any knowledge about trading and how the system works, it's not advisable for them to start trading with all their savings. Trading involves a lot of risks, and without the proper knowledge, skills, and experience, one may end up losing all their money.

However, if the person is interested in trading and wants to learn more about it, they can take some online courses, attend seminars, or even seek the help of a professional trader to guide them through the process. It's essential to learn the basics of trading, such as technical analysis, fundamental analysis, risk management, and trading psychology.

Regarding the idea of choosing on the candlesticks, it's essential to note that trading is not just about choosing between two options. Trading requires a lot of analysis and decision-making, and basing decisions solely on the candlesticks is not enough.

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April 29, 2023, 02:46:08 PM
 #247

Trading for newbies can be good only when newbies know about trading and then trade. Those who give advice to others for trading say that the amount of money to be spent on trading should be deducted from your total money because there is a lot of risk in trading. Even if we trade with enough knowledge or knowledge about trading, we still have risk of money. If a person trades without minimum knowledge of training, then you can imagine how much trading can be harmful for his money. Every new trading interested member should first try to learn about trading.  Trading is not a place to read in haste. Here you have to be patient and have enough ideas and then start trading.  Moreover, training can never be good for beginners.

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April 29, 2023, 10:50:16 PM
 #248

Trading for newbies can be good only when newbies know about trading and then trade. Those who give advice to others for trading say that the amount of money to be spent on trading should be deducted from your total money because there is a lot of risk in trading. Even if we trade with enough knowledge or knowledge about trading, we still have risk of money. If a person trades without minimum knowledge of training, then you can imagine how much trading can be harmful for his money. Every new trading interested member should first try to learn about trading.  Trading is not a place to read in haste. Here you have to be patient and have enough ideas and then start trading.  Moreover, training can never be good for beginners.
Doesnt matter if we do speak about trading or whatever things that you are tending to get involved because everyone could really be that a newbie on a particular stuff because not all things which is known by us,
which means that if you are newbie or completely noob on a certain thing then being good or bad isnt really an indicator for you to be worth it on engaging but knowing or speaking about trading which is particularly a thing which does gives out that kind of opportunity or chance for you to make profit or money then i could consider that this is a good engagement, although it is really that risky but somewhat worth
on the time that you would really be having a good grasps into it. Trading is good but its not something that could anyone could easily pull off. You cant really be that just that too
confident because market is unpredictable and this would really be involving lots of emotional impulsive situations which it would be that normal.

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May 07, 2023, 06:00:42 PM
 #249

He can trade but he will be more likely to lose all his savings, not only in trading but in all types of work, business and others if done without the right knowledge you will get nothing but loss and despair, even when the person has the knowledge and is ready plunging into trading he still has the opportunity to lose because not everyone is suitable for trading. Sometimes it's easier to start a business in the real world than do trading.

Exactly true that knowledge is the power and if you use knowledge in a right way so there is nothing more difficult to achieve. Business in real estate is more beneficial because than trading because trading needs learning and if you learn then use your knowledge accurately also matters as well as to learn how to take step during difficult circumstances. Business in real estate is not such risky as that of the trading but people prefer trading more because of its high return but I think never have to put your overall money and as you have profit so use profit for trading and recover your invested money back for further use.









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May 08, 2023, 08:52:25 AM
 #250

Trading for newbies can be good only when newbies know about trading and then trade. Those who give advice to others for trading say that the amount of money to be spent on trading should be deducted from your total money because there is a lot of risk in trading. Even if we trade with enough knowledge or knowledge about trading, we still have risk of money. If a person trades without minimum knowledge of training, then you can imagine how much trading can be harmful for his money. Every new trading interested member should first try to learn about trading.  Trading is not a place to read in haste. Here you have to be patient and have enough ideas and then start trading.  Moreover, training can never be good for beginners.

Trading may be a useful instrument to make extra money, but it takes a lot of commitment, work, and self-control. Although there is danger in trading, it is possible to make money from it with the right information, risk management, and strategy development. Beginners should approach trading with a growth mentality and an openness to making errors. Even beginner traders may achieve market success with time, effort, and practice.

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July 16, 2023, 10:26:13 AM
 #251

Trading will not be good for beginners, because they have no idea about trading. They will only lose their money because they are new. Which will hurt them a lot financially. For beginners it will be very difficult to earn money from trading. Because they have never done any research about trading and they have no knowledge about trading. If they want to start trading then they need to start trading with small amount of money first. So that they can gain knowledge about trading and understand the market of trading. And always trade with good research. This will make you a better trader.

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July 16, 2023, 11:10:18 AM
 #252

He can trade but he will be more likely to lose all his savings, not only in trading but in all types of work, business and others if done without the right knowledge you will get nothing but loss and despair, even when the person has the knowledge and is ready plunging into trading he still has the opportunity to lose because not everyone is suitable for trading. Sometimes it's easier to start a business in the real world than do trading.

Exactly true that knowledge is the power and if you use knowledge in a right way so there is nothing more difficult to achieve. Business in real estate is more beneficial because than trading because trading needs learning and if you learn then use your knowledge accurately also matters as well as to learn how to take step during difficult circumstances. Business in real estate is not such risky as that of the trading but people prefer trading more because of its high return but I think never have to put your overall money and as you have profit so use profit for trading and recover your invested money back for further use.
Doing something without knowledge is like creating a time bomb that will explode at any moment. Especially in terms of trading, someone who has a lot of experience and knowledge can still sometimes be wrong in analyzing the market, especially this who acts without knowledge, I prefer to say it as a gambler, because what is the difference because surely those who do it hope for luck alone, while something that is very thick with luck is gambling.
I would say no to someone who has not enough knowledge to do trading, it is better to invest in bitcoin alone while learning more about how to trade, and what we have to understand in it.

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cute nmp
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July 16, 2023, 02:31:09 PM
 #253

For beginners, trading can be tempting but also risky. It has the potential for making money, but it's not easy. Financial markets can be confusing and unpredictable, leading to big losses. Before trying trading, beginners should learn about it, be careful, and consider other safer ways to invest their money. Understanding the risks is essential to avoid the losses associated with it.

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July 17, 2023, 05:01:09 AM
 #254

For beginners, trading can be tempting but also risky. It has the potential for making money, but it's not easy. Financial markets can be confusing and unpredictable, leading to big losses. Before trying trading, beginners should learn about it, be careful, and consider other safer ways to invest their money. Understanding the risks is essential to avoid the losses associated with it.

You are right that trading can be a profitable investment for newbies but there are always risks of loss along with profit. There are great opportunities for profit in trading, but this is only possible if one has good experience and knowledge in trading. Without experience and knowledge the risks of loss on this platform increase. Newbies should get well informed before trading. Newbies can start trading with a small portion of their capital. Trading is not as easy as it looks. There are many platforms to learn trading from where newbies can learn a lot. However, investing in any field without knowledge and experience can be risky.

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Smitty Werben Man Jensen
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July 17, 2023, 05:19:59 AM
 #255

For beginners, trading can be tempting but also risky. It has the potential for making money, but it's not easy. Financial markets can be confusing and unpredictable, leading to big losses. Before trying trading, beginners should learn about it, be careful, and consider other safer ways to invest their money. Understanding the risks is essential to avoid the losses associated with it.

You are right that trading can be a profitable investment for newbies but there are always risks of loss along with profit. There are great opportunities for profit in trading, but this is only possible if one has good experience and knowledge in trading. Without experience and knowledge the risks of loss on this platform increase. Newbies should get well informed before trading. Newbies can start trading with a small portion of their capital. Trading is not as easy as it looks. There are many platforms to learn trading from where newbies can learn a lot. However, investing in any field without knowledge and experience can be risky.
Maybe trading in small amounts is good for gaining experience for beginners,
but what must be realized is that trading is so risky that when we have no knowledge and experience at all it will be easy to lose,
it's better to focus on learning and gaining experience gradually so that you can develop.

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July 17, 2023, 05:28:31 PM
 #256

Maybe trading in small amounts is good for gaining experience for beginners,
but what must be realized is that trading is so risky that when we have no knowledge and experience at all it will be easy to lose,
it's better to focus on learning and gaining experience gradually so that you can develop.
Gaining in trading is only possible for experienced professionals.Trading involves a lot of different factors, but the one I fully get is that the lower your investment, the lower the risk, but the bigger your investment, the higher the risk, and vice versa.All of this is true for experts, but beginners need to learn more and more in order to succeed. In order to do this, beginners must focus and take things slowly; over time, everything will improve. The first thing beginners need to remember is that patience comes before greed.


R


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July 18, 2023, 10:46:55 PM
 #257

Maybe trading in small amounts is good for gaining experience for beginners,
but what must be realized is that trading is so risky that when we have no knowledge and experience at all it will be easy to lose,
it's better to focus on learning and gaining experience gradually so that you can develop.
Gaining in trading is only possible for experienced professionals.Trading involves a lot of different factors, but the one I fully get is that the lower your investment, the lower the risk, but the bigger your investment, the higher the risk, and vice versa.All of this is true for experts, but beginners need to learn more and more in order to succeed. In order to do this, beginners must focus and take things slowly; over time, everything will improve. The first thing beginners need to remember is that patience comes before greed.


Come to in mind that those professionals are once noobs on which if they could be able to reach out that state then it is really that possible for you to reach out that state too, it is really just it do only differs when it

comes to experience and time and effort that you have able to dealt on this market which for you to be able to reach out that certain condition then you should do the same thing but of course the results or outcomes
wont really be just that the same for those people who do reach out that pinnacle on dealing with this market. Its not something that would really be that an assured thing but at least you have done something which
are supposed to be done if you do have that kind of target when it comes to trading. Never take this thing for granted because this isnt something that you could learn up for few days but rather it would take years
for you to be able to have a good grasps into it and of course it would really be depending on how fast you would be able to understand on what you are dealing with.

Trading is for everyone or someone who are really that eager on learning it out, it is really just that people commit out mistakes just because they do tend to rush up things.
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July 19, 2023, 06:39:42 PM
 #258

Maybe trading in small amounts is good for gaining experience for beginners,
but what must be realized is that trading is so risky that when we have no knowledge and experience at all it will be easy to lose,
it's better to focus on learning and gaining experience gradually so that you can develop.
Gaining in trading is only possible for experienced professionals.Trading involves a lot of different factors, but the one I fully get is that the lower your investment, the lower the risk, but the bigger your investment, the higher the risk, and vice versa.All of this is true for experts, but beginners need to learn more and more in order to succeed. In order to do this, beginners must focus and take things slowly; over time, everything will improve. The first thing beginners need to remember is that patience comes before greed.



Yes, your appetite will increase along the way when you already understand the whole process, better to keep studying and dealing with your research before stepping your feet inside this wild industry, it's not an easy at it is and there are many failed attempts from those who thinks that trading is a venue to make a quick way to be rich.

Though if luck permits, maybe it will happen just how those early believers who manage to buy and hold, then when that huge market pump takes place they all earn decently.

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July 19, 2023, 07:11:05 PM
 #259

Gaining in trading is only possible for experienced professionals.Trading involves a lot of different factors, but the one I fully get is that the lower your investment, the lower the risk, but the bigger your investment, the higher the risk, and vice versa.All of this is true for experts, but beginners need to learn more and more in order to succeed. In order to do this, beginners must focus and take things slowly; over time, everything will improve. The first thing beginners need to remember is that patience comes before greed.

A professional traders was once a newbie so without been a newbie and making profits when trading, no one can become a professional therefore both the newbies and professional traders can trade and make profits, profits isn't meant for only professional traders.

A newbie that wants to become a traders need to understand that trading needs discipline and without disciples he can't become a professiyon trader that can make money due to the experience he has gathered while trading, professionals also lose some trades too.

If professional traders can lose while trading that means newbies can also gain while trying therefore trading isn't just for professionals only. But as a newbie you have to be very smart and make sure you have strategies that'll make you profits to become a good trader.

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July 19, 2023, 08:39:30 PM
 #260

No i could not think that. Because trading only should for experienced people. Without any experience he will be huge losser there has no doubt. Because trading is not too easy. To be a good trader at first need proper knowledge about trading. Beginners need to know about technical analysis, fundamental analysis, money management etc. When any newcomers gather knowledge about that’s analysis then he can start firstly demo trading. Thenn can be trading is good for beginner. Otherwise any beginners should not start trading to avoid risk.

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July 20, 2023, 02:21:13 AM
 #261

No i could not think that. Because trading only should for experienced people. Without any experience he will be huge losser there has no doubt. Because trading is not too easy. To be a good trader at first need proper knowledge about trading. Beginners need to know about technical analysis, fundamental analysis, money management etc. When any newcomers gather knowledge about that’s analysis then he can start firstly demo trading. Thenn can be trading is good for beginner. Otherwise any beginners should not start trading to avoid risk.

Totally agree with you that newbies should not start trading without experience. Rather, trading in any forum without knowledge and experience proves to be a cause of loss. It is true that a good profit can be made in trading but it is very important to learn and understand it. Crypto currency market is a volatile market so trading here without market analysis and information is very difficult. A demo account can also be used to start trading and thus get a good experience for learning. However, there are many platforms to learn trading from where newbies can get a lot of information about trading.

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July 20, 2023, 03:54:31 AM
 #262

It will not be easy for such trader to make a good profits from his or her crypto trading, because crypto trading is different from other trading which required knowledge to know when to trade in the market and when to hold to avoid losses at the moment. Many traders are still finding it difficult to understand crypto trading in the community, because they are still following the candle to know whether it is time to sell or buy, and is making them not to achieve what other potential traders are achieving in the community. I started crypto trading when I have the knowledge because it took me some years to know some things that make crypto traders profitable which is helping me to grow higher in the community.

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July 20, 2023, 09:43:57 AM
 #263

Doing something without knowledge is like creating a time bomb that will explode at any moment. Especially in terms of trading, someone who has a lot of experience and knowledge can still sometimes be wrong in analyzing the market, especially this who acts without knowledge, I prefer to say it as a gambler, because what is the difference because surely those who do it hope for luck alone, while something that is very thick with luck is gambling.

Yes people often take wrong decision even if they have more experience so without knowledge there is no chances of getting your cash or profit. Gamblers things that trading will be as same as that of gambling but they are on wrong way because you will not utilize your knowledge in gambling but utilization of knowledge become necessary when we enters into crypto market for the purpose of trading and investment.


I would say no to someone who has not enough knowledge to do trading, it is better to invest in bitcoin alone while learning more about how to trade, and what we have to understand in it.

Investment and trading both needs knowledge because if you invest in bitcoin and don't know when to sell and when to buy then how you will take profit? keeping eyes on price chart is also necessary and you need to know that when Bull season will initiated although its something difficult but major events are known like that of halving so try to understand the market.









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July 20, 2023, 02:55:20 PM
 #264

Totally agree with you that newbies should not start trading without experience. Rather, trading in any forum without knowledge and experience proves to be a cause of loss. It is true that a good profit can be made in trading but it is very important to learn and understand it. Crypto currency market is a volatile market so trading here without market analysis and information is very difficult. A demo account can also be used to start trading and thus get a good experience for learning. However, there are many platforms to learn trading from where newbies can get a lot of information about trading.

You say that beginners shouldn't start without experience, I think that's not quite right because obviously a beginner won't have experience in the field, unless they're new to it. If they are beginners who want to jump into the world of trading, then they should look for their version of the best mentor first, because it is clear that it will most likely have a bad impact if done alone without being accompanied by someone who is experienced and has high flying hours in that field. So it is true that for their first steps in trading they can use a demo account as an initial learning stage and a deeper introduction, before jumping into real trading at least they already understand and master the content on the platform via a demo account. It seems that it will have a very negative impact if a beginner is determined to start trading on his own without sufficient knowledge and understanding, because currently there are many wrong paths in trading and then they experience a lot of losses and experience frustration.

Yes people often take wrong decision even if they have more experience so without knowledge there is no chances of getting your cash or profit. Gamblers things that trading will be as same as that of gambling but they are on wrong way because you will not utilize your knowledge in gambling but utilization of knowledge become necessary when we enters into crypto market for the purpose of trading and investment.

It is undeniable that even an experienced person is never immune from losses and many of them make wrong decisions due to lack of emotional control. If someone trades on emotions then it is no different from gambling and winning is just luck for them. Therefore, in trading one is required to be able to control his emotions and maintain psychological calm so that he can think clearly in making decisions.
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July 21, 2023, 09:25:06 AM
 #265

I think it’s not the correct question. Everyone is beginner when they start something new so I am pretty sure that if you are new then you have learn the field and grow yourself along the way. Trading is something that is on going process. Everytime shares and stocks can take any turn that you would never know without proper study of the same. Moreover, it’s worst when it comes to crypto currency. The main reason is: “volatile nature”.  Most of the currencies are highly volatile due to decentralised nature of the currency. So it’s not one but many factors that affect the decision making process. Make sure you accommodate the process whether beginner or not.
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July 21, 2023, 02:32:02 PM
 #266

I think it’s not the correct question. Everyone is beginner when they start something new so I am pretty sure that if you are new then you have learn the field and grow yourself along the way. Trading is something that is on going process. Everytime shares and stocks can take any turn that you would never know without proper study of the same. Moreover, it’s worst when it comes to crypto currency. The main reason is: “volatile nature”.  Most of the currencies are highly volatile due to decentralised nature of the currency. So it’s not one but many factors that affect the decision making process. Make sure you accommodate the process whether beginner or not.
Successful trading requires a lot of skills and knowledge, and for beginners it may seem too tedious, they do not want to learn all aspects, they want to start trading immediately after watching a few video lessons. Because it seems so simple, bought low, sold high and you are rich. And after several attempts, the understanding comes that it is not so simple and you either need to study further, or not to do it anymore.

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July 21, 2023, 03:32:46 PM
 #267

Of course not! Because trading for newbies is risky and in that case your losses will be high. Moreover, without some kind of experience, you cannot make money from trading.
So you should discuss investing as well as trading so that you can be fully experienced. Moreover, you can get many ideas about trading from this forum.
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July 21, 2023, 05:26:03 PM
 #268

Doing something without knowledge is like creating a time bomb that will explode at any moment. Especially in terms of trading, someone who has a lot of experience and knowledge can still sometimes be wrong in analyzing the market, especially this who acts without knowledge, I prefer to say it as a gambler, because what is the difference because surely those who do it hope for luck alone, while something that is very thick with luck is gambling.

Yes people often take wrong decision even if they have more experience so without knowledge there is no chances of getting your cash or profit. Gamblers things that trading will be as same as that of gambling but they are on wrong way because you will not utilize your knowledge in gambling but utilization of knowledge become necessary when we enters into crypto market for the purpose of trading and investment.

At the end of the day, we have to realize that this is not a form of gambling that is just done on instinct. On the other hand, when in this case reflecting on theory alone this will also not go well because basically it must also be accompanied by practice so that when we talk about trading and want to be there then in addition to theory we must also continue to learn in order to get good experience.
Indeed, something like this will not be easy and we will also definitely get some losses because no one can try to succeed immediately, of course, there must be a series of defeats and losses that are passed through, so the alternative in this case is learning through demos even though sometimes things like this are not taken too seriously but if we really take advantage of this, the experience will form by itself.

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July 21, 2023, 05:31:08 PM
 #269

Of course not! Because trading for newbies is risky and in that case your losses will be high. Moreover, without some kind of experience, you cannot make money from trading.
So you should discuss investing as well as trading so that you can be fully experienced. Moreover, you can get many ideas about trading from this forum.
If we don't trade then where will we get experience from?
I think all of us who are trading now have started and processed from the beginning, regardless of the learning that is followed after trading or before, I think it's the same, only deep knowledge before starting can minimize risk.
So there is nothing wrong for beginners to trade, while continuing to deepen their knowledge and get a lot of lessons from the experiences they have gone through.
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July 21, 2023, 05:54:19 PM
 #270

When i first came to the crypto market i used to invest more in ico projects and it was really a very profitable time for ico projects. Later i started trading and i lost a lot of money in the first time and i had a smart trader to guide me. Now i prefer trading and it took me years to get it under my full control.

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July 21, 2023, 06:53:01 PM
 #271

Of course not! Because trading for newbies is risky and in that case your losses will be high. Moreover, without some kind of experience, you cannot make money from trading.
So you should discuss investing as well as trading so that you can be fully experienced. Moreover, you can get many ideas about trading from this forum.
If you don't start you won't have any knowledge of trading, everyone experiences being a newbie before finally they can get the knowledge to measure opportunities on daily charts or candles, and losses can't be avoided, but we have a way to not have excess losses in this situation is for a beginner can use a demo account first and start with it, then when you get better experience you can switch to using capital, but you have to use little capital and try to make consistent profits by calculating below 5% consistent target of trial trading capital and do that consistently within a month until you can really benefit from trading, then when you already have a lot of profit with a small capital, you can increase your trading capital to get more opportunities for bigger profits.

And of course this must be accompanied while reading, listening, discussing to support getting better at trading, whether in this forum or outside it's the same.

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July 21, 2023, 06:57:36 PM
 #272

Of course not! Because trading for newbies is risky and in that case your losses will be high. Moreover, without some kind of experience, you cannot make money from trading.
So you should discuss investing as well as trading so that you can be fully experienced. Moreover, you can get many ideas about trading from this forum.
If we don't trade then where will we get experience from?
I think all of us who are trading now have started and processed from the beginning, regardless of the learning that is followed after trading or before, I think it's the same, only deep knowledge before starting can minimize risk.
So there is nothing wrong for beginners to trade, while continuing to deepen their knowledge and get a lot of lessons from the experiences they have gone through.

Yes, it's a need of precautions to avoid losing a lot when you are already doing the trade, with basic knowledge and the eagerness to learn, you will be able to make your way and find success, though it's not an easy as it seems like and there are many aspirants who mistakenly think the concept of making easy money.

Trading can be performed by beginners and if with little knowledge luck back them up, they will also manifest a good amount of profits.

Just need to make sure that they are willing to take the extra mile to learn more about the business.

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July 21, 2023, 07:02:52 PM
 #273

When i first came to the crypto market i used to invest more in ico projects and it was really a very profitable time for ico projects. Later i started trading and i lost a lot of money in the first time and i had a smart trader to guide me. Now i prefer trading and it took me years to get it under my full control.
It was bound to happen, and I think in the life of most traders they have faced this in their beginning time. I think that in the beginning time without any basic knowledge trading will not never a good decision. At first they have to acquire some basic knowledge to jump in trading. And if this not happen then they will also face the losses you or I get in the first time of trading.
Anyway there is a chance for beginners to invest and that is investing on bitcoin for long time. There they don't need much knowledge to trading here just they have to observe the market situation bear to bull. And they should always keep in mind that investment should be always as much as they can effort to lose.


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July 22, 2023, 03:03:49 AM
 #274

I think it’s not the correct question. Everyone is beginner when they start something new so I am pretty sure that if you are new then you have learn the field and grow yourself along the way. Trading is something that is on going process. Everytime shares and stocks can take any turn that you would never know without proper study of the same. Moreover, it’s worst when it comes to crypto currency. The main reason is: “volatile nature”.  Most of the currencies are highly volatile due to decentralised nature of the currency. So it’s not one but many factors that affect the decision making process. Make sure you accommodate the process whether beginner or not.

You are right but I think trading can lead to loss for newbies who have no knowledge and experience in trading. When a newbie enters any field, he has no experience and knowledge, but he tries to learn and gain knowledge before entering that field. Crypto currency market is a volatile market, anything can happen in the market at any time, so one should have good experience and knowledge before trading here. well-experienced and skilled trader earns very good profits from here. If one has knowledge of charts, knowledge of all the tools used and analytical skills, then one can earn profit in trading. If there is no experience in these things then there will be loss in trading. So I think one should try to learn before entering any platform. Trading is not as easy as it seems.

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July 22, 2023, 03:42:58 AM
 #275

You are right but I think trading can lead to loss for newbies who have no knowledge and experience in trading. When a newbie enters any field, he has no experience and knowledge, but he tries to learn and gain knowledge before entering that field

A beginner does not mean being without knowledge. it is very possible for beginners to learn and find out some knowledge related to trading before they deposit their money to trade.
Careless beginners may be what you mean, they are without knowledge and skills. obviously, it makes the possibility of greater losses. I would not blame beginners who want to learn to trade. most importantly they understand the concept of trading properly. a matter of loss or gain, it is only a matter of time and how quickly they adapt to understand trading.


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July 26, 2023, 06:01:57 PM
 #276

At the end of the day, we have to realize that this is not a form of gambling that is just done on instinct. On the other hand, when in this case reflecting on theory alone this will also not go well because basically it must also be accompanied by practice so that when we talk about trading and want to be there then in addition to theory we must also continue to learn in order to get good experience.
Indeed, something like this will not be easy and we will also definitely get some losses because no one can try to succeed immediately, of course, there must be a series of defeats and losses that are passed through, so the alternative in this case is learning through demos even though sometimes things like this are not taken too seriously but if we really take advantage of this, the experience will form by itself.

These series of defeats should use as a step which will help you to reach your successful destination. If we just hear theory and act as a professional traders so it will be wrong because reality and theory are two different things in which if one is missing your success will be not easy.

We should keep eye on every step which occurs during our journey of success and remember that defeats play an important role too which will encourage you to work more hard and use your mind. we are humans and we cannot go smoothly without doing mistakes but we should take knowledge from these mistakes instead of losing hopes.










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July 26, 2023, 06:11:53 PM
 #277

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it?
so I wan to know if it's right for the person to begin trading?
Trading can be done by everyone but in reality it's not for everyone, here only those guys got handsome profit who has proper knwoledge and experience, may be your friend got profit some time by just blindly prediction but end will be very horrible,
Because there are dozen of stories where people lose million of thier dollar and most of people in them are newbie with a less basic knwoledge and with a weak mindset and emotions.
Crypto market are just like cricket ground when ever you jump into it without basic knwoledge, experience and safety you will play few ball by chance just like your friend did but when ever you face market bouncer there will be no solution due to lack of knowledge and safety and due to this it will definitely damage you as much as hardly.
So in my view in starting fase you should go for Bitcoin long term investment instead of trading because here is no need of safety and basic knwoledge.

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July 28, 2023, 05:43:35 PM
 #278

In my opinion, for beginners, it's wiser to invest and hold rather than trade. If you hold onto the leading altcoins, you're more likely to make a profit. This way, you'll gain profits alongside your initial investment. However, if you choose to trade, there's a risk of losing your initial investment.
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July 28, 2023, 09:00:49 PM
 #279

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it?
so I wan to know if it's right for the person to begin trading?
Trading can be done by everyone but in reality it's not for everyone, here only those guys got handsome profit who has proper knwoledge and experience, may be your friend got profit some time by just blindly prediction but end will be very horrible,
Because there are dozen of stories where people lose million of thier dollar and most of people in them are newbie with a less basic knwoledge and with a weak mindset and emotions.
Crypto market are just like cricket ground when ever you jump into it without basic knwoledge, experience and safety you will play few ball by chance just like your friend did but when ever you face market bouncer there will be no solution due to lack of knowledge and safety and due to this it will definitely damage you as much as hardly.
So in my view in starting fase you should go for Bitcoin long term investment instead of trading because here is no need of safety and basic knwoledge.

Following that statement, it's true that even you don't have deeper knowledge you can still execute your trade, there are many people who claim that they are already a trader because they manage to execute a trade, but in reality there's always competition inside the market and basic knowledge would not save you from losing a lot, you need to dig deeper and to learn all the factors that may affect your decision making before you can really harvest the full benefits of this venue.

It's open to everyone but not for everyone, and the common outcome is there are more losers that those who really maximize the profits out from this industry.

Your decision always base between your knowledge and the luck that backing you from each position you take.

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August 06, 2023, 04:00:16 AM
 #280

Basically trading is good for newbies if they can gain experience. A new trader needs to know some things that he can trade profitably by knowing. To make profit there are certain trading tips to follow and advice from well experienced traders. If trading is done according to what they suggest then it will definitely be beneficial for the newbies and they can trade and make profit. Otherwise there are many new traders who do not understand the market but they want to start trading and during this time they face losses. So all those newbie traders out there should always follow good advice. But I think it is better if newbies can gain experience in all aspects of trading.

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August 06, 2023, 08:03:28 AM
 #281

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

just like you were born to this world you dont know how to walk Right? your parents will have to nurture you with love, care and support till you grow up to be able to walk on your own and do things on your own, so thats same thing with how trading works without anyone to coach you and put you through you cant do it on your own. i dont think anyone is born with the TALENT OR KNOWLEDGE  of trading, we all got an idea or clue from some were some how.

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August 06, 2023, 01:04:47 PM
 #282

Basically trading is good for newbies if they can gain experience. A new trader needs to know some things that he can trade profitably by knowing. To make profit there are certain trading tips to follow and advice from well experienced traders. If trading is done according to what they suggest then it will definitely be beneficial for the newbies and they can trade and make profit. Otherwise there are many new traders who do not understand the market but they want to start trading and during this time they face losses. So all those newbie traders out there should always follow good advice. But I think it is better if newbies can gain experience in all aspects of trading.

The truth is that someone new to trading, no matter who they are, will not know what to do first. Many are inspired by the success of others and then they try it themselves, in my opinion it is wrong because if they do it themselves without the right mentor or without looking for a lot of references and only learn from demo accounts alone it will make them experience a lot of losses and in that position they will be confused. Like you said, and I hope those beginners will be able to start with a purposeful goal, meaning gradually starting from the lowest thing. And also they must be able to choose the right mentor to guide their journey, it is not easy to find a mentor who really wants to provide knowledge that is in accordance with the facts, many of them only take advantage of the situation for profit only and also many of them beginners who become victims. In my opinion, the most important thing is that they (beginners) have skills in controlling themselves, are not easily provoked and always have a definite plan in doing so, these limits will be able to reduce the level of loss and avoid them from being called MC.

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August 06, 2023, 01:24:20 PM
 #283

Actually, for beginner not recommended for trading without have knowledge, many unpredictable happen at the future actually get potential loss capital when little mistake in trading, but trading could be alternative side job for every one without have to spent all day for working. Current now, many channel information about trading and for beginner can learn step by step how to be success in trading but have to remember in trading is not fast way to earn profit or become rich person. All expert in trading come from beginner or newbies and success manage well with trading factor how to be success by reading as much information or news update about all coins news, depend many people have been success in trading come from beginner why not for beginner success in trading?

R


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Patrol69
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August 06, 2023, 02:46:26 PM
 #284

Actually, for beginner not recommended for trading without have knowledge, many unpredictable happen at the future actually get potential loss capital when little mistake in trading, but trading could be alternative side job for every one without have to spent all day for working. Current now, many channel information about trading and for beginner can learn step by step how to be success in trading but have to remember in trading is not fast way to earn profit or become rich person. All expert in trading come from beginner or newbies and success manage well with trading factor how to be success by reading as much information or news update about all coins news, depend many people have been success in trading come from beginner why not for beginner success in trading?
When new members start trading without having enough knowledge about trading new members can cause serious loss of their money due to a small mistake so new members should never start trading without having enough knowledge about trading.
Beginners should not focus on trading in the beginning but should focus on other aspects of cryptocurrency and try to learn about the unknown. Most of the new members are usually more interested in trading by looking at the positive side of trading, they think that buying a coin will make them profit but it is not that simple. There is a lot to learn about trading, you need to learn about trading and try to gain practical experience but success in trading is possible.
milewilda
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August 06, 2023, 08:51:25 PM
 #285

Actually, for beginner not recommended for trading without have knowledge, many unpredictable happen at the future actually get potential loss capital when little mistake in trading, but trading could be alternative side job for every one without have to spent all day for working. Current now, many channel information about trading and for beginner can learn step by step how to be success in trading but have to remember in trading is not fast way to earn profit or become rich person. All expert in trading come from beginner or newbies and success manage well with trading factor how to be success by reading as much information or news update about all coins news, depend many people have been success in trading come from beginner why not for beginner success in trading?
When new members start trading without having enough knowledge about trading new members can cause serious loss of their money due to a small mistake so new members should never start trading without having enough knowledge about trading.
Beginners should not focus on trading in the beginning but should focus on other aspects of cryptocurrency and try to learn about the unknown. Most of the new members are usually more interested in trading by looking at the positive side of trading, they think that buying a coin will make them profit but it is not that simple. There is a lot to learn about trading, you need to learn about trading and try to gain practical experience but success in trading is possible.
No matter or whatever you do, it is really just that sensible that you should really be that needing on knowing the basics on the time that you would planning to make some engagement with trading.Just like on what most people been pointing out that its never been simple and its not something that could really be able to know and be sustainable for someone who do just recently start but doesnt mean that we cant really make out some engagement to it knowing that everyone could freely deal up or engage with trading as long we are ready and pursuing out on becoming a trader. Yes, its never been that easy but totally could be learnable.
If you are just a newbie then it would really be just that normal that you would really be committing out lots of mistakes and errors but in due time you would really be making yourself able to learn out of those
errors and mistakes. If you are really that serious on learning up then you should need to sustain and survive and getting in line on what are the realistic approach towards on things.
Just be remindful that you shouldnt really be that in a hurry in speaking about trading executions and having that greed that you should really be doing it fast.

awik p
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August 07, 2023, 08:19:20 AM
 #286

Actually, for beginner not recommended for trading without have knowledge, many unpredictable happen at the future actually get potential loss capital when little mistake in trading, but trading could be alternative side job for every one without have to spent all day for working. Current now, many channel information about trading and for beginner can learn step by step how to be success in trading but have to remember in trading is not fast way to earn profit or become rich person. All expert in trading come from beginner or newbies and success manage well with trading factor how to be success by reading as much information or news update about all coins news, depend many people have been success in trading come from beginner why not for beginner success in trading?
When new members start trading without having enough knowledge about trading new members can cause serious loss of their money due to a small mistake so new members should never start trading without having enough knowledge about trading.
Beginners should not focus on trading in the beginning but should focus on other aspects of cryptocurrency and try to learn about the unknown. Most of the new members are usually more interested in trading by looking at the positive side of trading, they think that buying a coin will make them profit but it is not that simple. There is a lot to learn about trading, you need to learn about trading and try to gain practical experience but success in trading is possible.
will be even more at risk if they do short-term trading, of course the risk they will suffer is greater. buying and choosing coins for trading is not as easy as one might imagine, of course you have to go through in-depth analysis and implement a strategy, because the market sometimes doesn't match our expectations. for beginners it would be better to make the first investment by doing long-term trading so you won't be dizzy and of course your mentality will be maintained

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August 07, 2023, 07:11:03 PM
 #287

just like you were born to this world you dont know how to walk Right? your parents will have to nurture you with love, care and support till you grow up to be able to walk on your own and do things on your own, so thats same thing with how trading works without anyone to coach you and put you through you cant do it on your own. i dont think anyone is born with the TALENT OR KNOWLEDGE  of trading, we all got an idea or clue from some were some how.

This is true that everyone has to learn because no one is born as a trader, doctor, philosopher or anything else, it's up to a person that what he choose to be and for what he works hard.

In life when a child born then there is a support of parents but in trading you have to work by yourself as getting help from others sometimes become dangerous because there are lots of scammers present here who will scams you and you will be unaware of this.

No one is successful trader from the beginning but it is concerned with your understanding and consciousness which you will pick up as the time flows.



 

 

 

 

 

 


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kawetsriyanto
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August 07, 2023, 09:58:50 PM
Last edit: August 07, 2023, 10:19:45 PM by kawetsriyanto
 #288

will be even more at risk if they do short-term trading, of course the risk they will suffer is greater. buying and choosing coins for trading is not as easy as one might imagine, of course you have to go through in-depth analysis and implement a strategy, because the market sometimes doesn't match our expectations. for beginners it would be better to make the first investment by doing long-term trading so you won't be dizzy and of course your mentality will be maintained
Short term trading can be daily trading or weekly trading. Which one do you refer to?

Daily trading can be a bit safe if someone has enough knowledge. In daily trading, we only buy and sell the coins daily, so there will be no significant change. Commonly, the profit isn't very big but people can get regular/constant profits daily. But weekly trading can be riskier because the price can change significantly in a week. This needs better understanding about market trends and the progress of the coins to trade. I think weekly trading is totally not for the beginners. In this type of trading, the possibility of bigger losses will be more than daily trading.


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Rengga Jati
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August 07, 2023, 09:59:19 PM
 #289

When new members start trading without having enough knowledge about trading new members can cause serious loss of their money due to a small mistake so new members should never start trading without having enough knowledge about trading.
Yes, you could say this is the easiest and fastest way to lose money. Because everyone knows that trading really requires quite complex skills, not only related to knowledge about crypto and trading. But also how we manage ourselves during trading activities, including managing and controlling our emotions and mental to be able to stay calm, positive, wise, patient, and not panic wat, managing funds to be wiser in spending how much money to put into position, and also managing the risk on how high we can take risk and ready for the risks, also to avoid the risks as good as possible.

So, if we only have the money and we start trading with a lack of knowledge and also other management as stated above, this will be really risky for the newbies. It will seem like gambling in crypto trading. This should be avoided to secure our money.

R


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August 08, 2023, 07:54:18 AM
 #290

Actually, for beginner not recommended for trading without have knowledge, many unpredictable happen at the future actually get potential loss capital when little mistake in trading, but trading could be alternative side job for every one without have to spent all day for working. Current now, many channel information about trading and for beginner can learn step by step how to be success in trading but have to remember in trading is not fast way to earn profit or become rich person. All expert in trading come from beginner or newbies and success manage well with trading factor how to be success by reading as much information or news update about all coins news, depend many people have been success in trading come from beginner why not for beginner success in trading?
When new members start trading without having enough knowledge about trading new members can cause serious loss of their money due to a small mistake so new members should never start trading without having enough knowledge about trading.
Beginners should not focus on trading in the beginning but should focus on other aspects of cryptocurrency and try to learn about the unknown. Most of the new members are usually more interested in trading by looking at the positive side of trading, they think that buying a coin will make them profit but it is not that simple. There is a lot to learn about trading, you need to learn about trading and try to gain practical experience but success in trading is possible.
No matter or whatever you do, it is really just that sensible that you should really be that needing on knowing the basics on the time that you would planning to make some engagement with trading.Just like on what most people been pointing out that its never been simple and its not something that could really be able to know and be sustainable for someone who do just recently start but doesnt mean that we cant really make out some engagement to it knowing that everyone could freely deal up or engage with trading as long we are ready and pursuing out on becoming a trader. Yes, its never been that easy but totally could be learnable.
If you are just a newbie then it would really be just that normal that you would really be committing out lots of mistakes and errors but in due time you would really be making yourself able to learn out of those
errors and mistakes. If you are really that serious on learning up then you should need to sustain and survive and getting in line on what are the realistic approach towards on things.
Just be remindful that you shouldnt really be that in a hurry in speaking about trading executions and having that greed that you should really be doing it fast.

Allocating good amount of budget that you are willing to risk while learning the process, it's something newbies really can allocate and even they will not succeed they just need to learn in each trade that they've taken, just the same with what you said, it's learnable as long as you really wanted to pursue your career and make it to happen.

Though not all are expected to succeed but it's always better to try to see if you will have that luck to learn more about trading.

Take a baby step and continue seeking for more knowledge. Don't rush your way, as trading is always accompanied by risk. You should take note of it.


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cute nmp
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August 12, 2023, 07:43:58 AM
 #291

Sure, Trading can be good for all both beginners and experts .But  it can be very risky for beginners you must learn technical analysis to be able to trade the market and make consistents profits from it. Acquiring Knowledge is a much to become a good trader that can pulled some money from the market Try learning different trading strategies and choose the one that suit you best.

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August 12, 2023, 01:42:32 PM
 #292

so I wan to know if it's right for the person to begin trading?
Best course of action for your friend if he does not have good market knowledge or does not have basic trading knowledge it is better to ask for guidance or you provide him with the help of an investment coach. Because without a scientific basis there will definitely be losses, even though this sounds normal or normal. But I believe this is the most effective way to enter the world of trading to avoid losses that make our finances unstable.

Because in trading we cannot just guess when it will go up and when it will go down, we also need to analyze the features that will come even though we can only guess in two ways. In the end I just want to say all the things we need to learn first then the money will come, it's a logic game. I myself am more sensitive mentally, but say that emotional intelligence is higher than IQ but balance of mind is important when doing something in trading.
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August 12, 2023, 06:00:44 PM
 #293

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
the problem with starting something is readiness from yourself, if you have a strong intention to start trading then what you need to prepare is mental, money and knowledge (trading basics, reading charts and economics)
i quite often meet people who want to start something but don't want to be complicated with learning (it is impossible for you to go to sleep tonight and waking be a professional trader), without good knowledge, it is difficult to be able to master trading and also have good mentality and emotions in trading. 

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August 12, 2023, 06:32:10 PM
 #294

Sure, Trading can be good for all both beginners and experts .But  it can be very risky for beginners you must learn technical analysis to be able to trade the market and make consistents profits from it. Acquiring Knowledge is a much to become a good trader that can pulled some money from the market Try learning different trading strategies and choose the one that suit you best.

If you're a beginner, you can trade but have to start with the learning process of trading before going full into trading in proper, when trading as well, don't engage doing things you're not familiar or experience in, start with a gradual approach and little by little, don't put in much amount of money being a beginner since you're still learning, if you don't mind you can try out some faucets or trading demo account to begin with, lastly, being a newbie, trade bitcoin and avoid any currency that may waste your efforts and asset overnight to null.

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August 17, 2023, 01:11:05 PM
 #295

Basically trading is good for newbies if they can gain experience. A new trader needs to know some things that he can trade profitably by knowing. To make profit there are certain trading tips to follow and advice from well experienced traders. If trading is done according to what they suggest then it will definitely be beneficial for the newbies and they can trade and make profit. Otherwise there are many new traders who do not understand the market but they want to start trading and during this time they face losses. So all those newbie traders out there should always follow good advice. But I think it is better if newbies can gain experience in all aspects of trading.

The truth is that someone new to trading, no matter who they are, will not know what to do first. Many are inspired by the success of others and then they try it themselves, in my opinion it is wrong because if they do it themselves without the right mentor or without looking for a lot of references and only learn from demo accounts alone it will make them experience a lot of losses and in that position they will be confused. Like you said, and I hope those beginners will be able to start with a purposeful goal, meaning gradually starting from the lowest thing. And also they must be able to choose the right mentor to guide their journey, it is not easy to find a mentor who really wants to provide knowledge that is in accordance with the facts, many of them only take advantage of the situation for profit only and also many of them beginners who become victims. In my opinion, the most important thing is that they (beginners) have skills in controlling themselves, are not easily provoked and always have a definite plan in doing so, these limits will be able to reduce the level of loss and avoid them from being called MC.
In normal physical business it is impossible for someone to who don't have knowledge to just wake up and decide to start without any knowledge and expecting to do well.  People just feel trading is so easy that once they have the capital for trading they can start even without knowledge and make good profit from it. Trading doesn't work this way,  trading is hard anf complicated expecially for the those who don't have better knowledge or no knowledge about it. The first step to go for in trading is learning how to trade.  Trading is not easy and without knowledge one can lose All that is in trading,  we need to learn to make profit from trades. Making money shouldn't be the first priority in trading but learning should be the first priority in trading.

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March 05, 2024, 11:21:07 AM
 #296


My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it?
Technically, we all know that an individual with no knowledge about trading can never do well when it comes to trading, but we also know that if that same individual is being assisted by a professional trader (i.e Copy Trading) he/she is likely to make massive progress due to the involvement of the third party who happens to be the knowledgeable trader. Hence, the best advice that could ever be given to a Newbie trader is for him/her to first learn it's basis, master how the market works, and then trade with a little capital he can always afford to lose while learning.

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March 05, 2024, 02:07:38 PM
 #297

If no one has an idea about trading, then it is not possible to achieve success through trading. To achieve success, you must acquire enough knowledge about trading. Because if you don't know about what you want to trade then how can you succeed. When I don't understand anything about trade how can I expect success from there so how can I expect success. In order to achieve success, one must acquire enough knowledge about trading. In trading, you must patiently check the market and have a long-term trading plan. If you have a plan, you can definitely get success through trading. Many times it is seen that we lose patience in trading. Patience is very important in trading. We need to be patient in trading. Many times we do not get success.We should not lose patience.

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March 05, 2024, 02:50:16 PM
 #298

No, trading is most dangerous for the beginners and without knowledge I don't recommend it. You met a guy who had no knowledge about trading and he started trading his all of saving it's very risky and undoubtedly he will lose all of money at any time. no way to sustain in trading without technical knowledge.

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March 05, 2024, 04:23:19 PM
 #299

Sure, Trading can be good for all both beginners and experts .But  it can be very risky for beginners you must learn technical analysis to be able to trade the market and make consistents profits from it. Acquiring Knowledge is a much to become a good trader that can pulled some money from the market Try learning different trading strategies and choose the one that suit you best.
What trading needs is curiosity, when you concentrate properly in trading its obvious that you will not be experiencing more losses as someone who is not curious in Trading may experience loss, what is involved in trading is understanding and seriousness, we can experience loss base on we do not research of trading before we venture into trading, when you have not know the knowledge of trading, its clear that you may lose.

In my opinion someone who has zero experience of trading on any speculative market but claims to make money easily through trading is trying to fool the person in front. Those who have been trading for years know how the market works but not newbies.
What I really wants to tell you is that, you should be able to understand the basics things of trading before someone venture into it, if you have zero understanding of trading its obvious that you will not make a profit as I stipulated above..trading needs proper focus and engagement that will help to facilitate to overcome the problems, so if you don't have that experience you end up losing whatever you have.

No, trading is most dangerous for the beginners and without knowledge I don't recommend it. You met a guy who had no knowledge about trading and he started trading his all of saving it's very risky and undoubtedly he will lose all of money at any time. no way to sustain in trading without technical knowledge.
Trading is not really good for someone who  doesn't knows nothing about trading, when the person enters trading it will continue to lose more money, so it's good to understand trading before joining

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March 05, 2024, 05:17:48 PM
 #300

No, trading is most dangerous for the beginners and without knowledge I don't recommend it. You met a guy who had no knowledge about trading and he started trading his all of saving it's very risky and undoubtedly he will lose all of money at any time. no way to sustain in trading without technical knowledge.

It's not about technical knowledge, one might be able to sustain a trading career without much technical knowledge but when they are getting into trading, they need to at least have the basic knowledge about the market and the cryptocurrencies they are willing to trade and most importantly, they should know trading practices including techniques such as risk management and anything else that can be required when they are trading.
That being said, you are right that it can be dangerous for someone to venture into trading if they don't have any knowledge about it. so it's essential for them to first gain knowledge and then get into trading.









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March 05, 2024, 06:03:45 PM
 #301

I guess with all your ideas and contribution to my question will really help me go along way and also help a beginner that want to start up trade know what to do from all your ideas. Thanks once again!!.

Just try to go with the basics. Try to gain theoretical knowledge at first. The more theoretical knowledge you gain, the better you understand the market and the better you do the trading. For beginners trading can be good, but you need to give time to the market. Don’t trade in greed, and choose a budget before actually trading. At last as always said, trade with the amount that you can afford to lose.

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March 05, 2024, 07:48:02 PM
 #302

I guess with all your ideas and contribution to my question will really help me go along way and also help a beginner that want to start up trade know what to do from all your ideas. Thanks once again!!.

Just try to go with the basics. Try to gain theoretical knowledge at first. The more theoretical knowledge you gain, the better you understand the market and the better you do the trading. For beginners trading can be good, but you need to give time to the market. Don’t trade in greed, and choose a budget before actually trading. At last as always said, trade with the amount that you can afford to lose.
As it should be but most newbie traders would really be having that kind of greedy approach on which they are trying out to learn up those skills on that fast manner and wont really be tending to know or stick with those basics, until they would be finding out themselves that getting wrecked by it and this is something that must be avoided in the first place. Well, people would really be able to make out those realizations on the time that they would really be facing out those kind of challenges or with those conditions. Trading is something a skill that cant really be able to learnt up on a short period of time.

You would really be able to encounter a series or swings of market condition on which you dont know on where price would be going on which it doesnt really getting in line with your technical analysis
and fundamental analysis on which it would really be putting up you on a condition that you dont know on what you are doing.  Grin
This is why it would really be that important that you should really know on how to adapt on things accordingly or being that versatile. Learn from those mistakes
and be wary on next time that you do deal up with this market.

R


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March 05, 2024, 09:24:09 PM
 #303

I guess with all your ideas and contribution to my question will really help me go along way and also help a beginner that want to start up trade know what to do from all your ideas. Thanks once again!!.

Just try to go with the basics. Try to gain theoretical knowledge at first. The more theoretical knowledge you gain, the better you understand the market and the better you do the trading. For beginners trading can be good, but you need to give time to the market. Don’t trade in greed, and choose a budget before actually trading. At last as always said, trade with the amount that you can afford to lose.
In trading you can do without knowledge,  so it will be a waste of time and resources for beginners to go into trading without knowledge . What makes trading to be bad without learning to have knowledge,  it is wrong step to start up trading. The first step every beginner must think about in trading is to learn and not rush to go into trading without knowledge.  Going in trading with a blank knowledge is a big mistake for any beginners to think about.

Trading is very risky and it is not ideal for beginners to rush into it without understanding. Trading is not that easy for anyone to cope in it with just ordinary understanding and not knowing the main things of what trading is all about

R


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March 06, 2024, 07:54:57 AM
 #304

Just try to go with the basics. Try to gain theoretical knowledge at first. The more theoretical knowledge you gain, the better you understand the market and the better you do the trading. For beginners trading can be good, but you need to give time to the market. Don’t trade in greed, and choose a budget before actually trading. At last as always said, trade with the amount that you can afford to lose.

Remember that everyone is beginner at start so trading is absolutely good for beginners but there are some points that should be remember  by the beginners. They should use little amount because start of trading is just to getting an understanding about trading and during learning there is a greater chance that you will have high risk of loss.

Don't think that this loss is the limit of your trading but consider every loss as a lesson for you that even an expert cannot teach you. If you consider that your loses are higher than your win then try first to focus on learning rather than trying again and again to achieve your goals.



 

 

 

 

 

 


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March 06, 2024, 09:17:56 AM
 #305

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

the question is, is he ready to learn trading? because it is not easy to get to understand in just one day, it is not true, and there is no shortcut. In short, it requires dedication as some of our colleagues on this platform say.

As long as it's important, let's not rush the things we want to learn, and if anyone wants to do a trade right away, they should just start with small capital so it doesn't hurt our feelings. And start studying the basic common indicators that can help us perform technical analysis.

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March 06, 2024, 10:10:58 AM
 #306

Remember that everyone is beginner at start so trading is absolutely good for beginners but there are some points that should be remember  by the beginners. They should use little amount because start of trading is just to getting an understanding about trading and during learning there is a greater chance that you will have high risk of loss.

Don't think that this loss is the limit of your trading but consider every loss as a lesson for you that even an expert cannot teach you. If you consider that your loses are higher than your win then try first to focus on learning rather than trying again and again to achieve your goals.
Of course, everyone who has just started trading must try it with a little capital so that they can return to trading if they fail on their first try and must also learn about the mistakes they made in order to avoid making the same mistakes, because trading will be very risky if do it without having a good understanding and experience in trading, even those who have good experience in trading still have to be careful in trading to avoid the possible risk of loss in the trading they do.

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March 06, 2024, 12:43:06 PM
 #307

Just try to go with the basics. Try to gain theoretical knowledge at first. The more theoretical knowledge you gain, the better you understand the market and the better you do the trading. For beginners trading can be good, but you need to give time to the market. Don’t trade in greed, and choose a budget before actually trading. At last as always said, trade with the amount that you can afford to lose.

Remember that everyone is beginner at start so trading is absolutely good for beginners but there are some points that should be remember  by the beginners. They should use little amount because start of trading is just to getting an understanding about trading and during learning there is a greater chance that you will have high risk of loss.

Don't think that this loss is the limit of your trading but consider every loss as a lesson for you that even an expert cannot teach you. If you consider that your loses are higher than your win then try first to focus on learning rather than trying again and again to achieve your goals.

Having that kind of mentality will allow you to develop good understanding, once you start grasping ideas that will let you to create patterns which you will base from your experienced, everyone begins from the scratch and no one can say that when they step their foot into this business they are experts right away, maybe some might experienced decent outcome right away but they can't say that they did not suffer from any failed trades, they will also experienced that but the good thing is they adopt and they adjust,

it's you who will create your own path and even from the scrath or a beginner you'll start climbing and make your way on top and become a good and experienced trader, maybe you can rely your finances once you reach the very top where trading will become your main bread and butter.

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March 06, 2024, 04:24:47 PM
 #308

A person who does not know about trading and has no knowledge about it is unlikely to profit from it. Trading is not really gambling you can indulge in it depending on your luck only. Trading is very complex and if you want to do it you must know a lot about it and along with that you need to be in touch with experienced people And if you want to trade then I would say you shouldn't do it in the beginning. You can invest if you want to supplement it. Then simultaneously try to learn about trading gradually. It is not the case that you will get huge profits just by trading, so be interested to know it well first. Don't start trading just on the impulse of others.

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March 06, 2024, 05:29:17 PM
 #309

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

You don't need to have all the money you want to start trading, you don't know how it is going to be or have the experience, why not try it with little amount that you have and they review your results to see if it worth saving more money to increase your capital or maybe you should quit, you never can tell your place as a trader until you try it out and see your results.

Quote
My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

Is it even possible to know how to cook and the food will be sweet when you don't know how to cook? Think it's that way and you will understand that what you as is not logical. You can't understand trading even in bull run if you don't have the knowledge. What I will advice him is that he should learn the basic things, look at the videos and try it out, he will be unsatisfied that trading is not as easy as he or she might think until you get the main knowledge and apply it into the main market, that's the only way to find out.

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March 06, 2024, 06:26:54 PM
 #310

A person who does not know about trading and has no knowledge about it is unlikely to profit from it. Trading is not really gambling you can indulge in it depending on your luck only. Trading is very complex and if you want to do it you must know a lot about it and along with that you need to be in touch with experienced people And if you want to trade then I would say you shouldn't do it in the beginning. You can invest if you want to supplement it. Then simultaneously try to learn about trading gradually. It is not the case that you will get huge profits just by trading, so be interested to know it well first. Don't start trading just on the impulse of others.
Not all people do start on knowing everything on which i do simply means that we are all not all knowing on which there are things in life on which we dont know but having those plans on trying out to learn on it.
Those professional traders are once newbies too on which it would really be that understandable that they had been also a newbie before on which means that in every noob that tends to learn up trading
would really be having the chance on becoming professionals on which it would really be just that depending on how they would really be hovering themselves on doing good trades.

It is really just that they should bare up in mind that this isnt a skill that you could really be able to learn up on a short period of time and with those minimal efforts. Of course you would really be still
needing up to work hard and realize on what are the things that you could be able to learn up along the way on which it would really be that a normal approach but tons
of people do really fail on doing this basic principle when it comes on tending to learn up new things.

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March 06, 2024, 09:48:33 PM
 #311

Remember that everyone is beginner at start so trading is absolutely good for beginners but there are some points that should be remember  by the beginners. They should use little amount because start of trading is just to getting an understanding about trading and during learning there is a greater chance that you will have high risk of loss.

Don't think that this loss is the limit of your trading but consider every loss as a lesson for you that even an expert cannot teach you. If you consider that your loses are higher than your win then try first to focus on learning rather than trying again and again to achieve your goals.
Of course, everyone who has just started trading must try it with a little capital so that they can return to trading if they fail on their first try and must also learn about the mistakes they made in order to avoid making the same mistakes, because trading will be very risky if do it without having a good understanding and experience in trading, even those who have good experience in trading still have to be careful in trading to avoid the possible risk of loss in the trading they do.
I agree but the thing is the first thing that a person who wants to trade is to learn the basics first, give some time and effort to learn before execution and also practice in demo, its bad for a beginner in trading to immediately start trading using a live account and their funds because it may affect their well being in a sense that if they lose their first trade which is normal and understandable, they will lose their confidence and will always has the feeling of fear that may affect their decision making and their analysis, they might become too wary in every trade they will do next, so its better to gather more knowledge so eveb if they lose the trade at first they will know why, experience is a great teacher so yeah combine it with knowledge then it will be the tool for a trader to start and to earn, trading is a continuous learning so a trader should also possess the characteristics of having a very long patience.

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March 06, 2024, 09:58:55 PM
 #312

Actually, all traders also feel like newbies, right? but the difference is, how much you understand, how strong and ready you are as a newbie. So that it can proceed gradually and with good progress in trading. and how good the basic understanding is. This is what needs to be prepared. But what is certain is, prepare yourself as well and as prepared as possible before deciding to enter the world of trading. At the very least, you have to understand crypto, markets, types of trading, and some market analysis. Because without analysis, our trading will be like just guessing. Never mind without analysis, indicator analysis alone does not always guarantee success in trading, especially if we don't have mature preparation for that ability. It would be very risky.


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March 06, 2024, 11:47:57 PM
 #313

A person who does not know about trading and has no knowledge about it is unlikely to profit from it. Trading is not really gambling you can indulge in it depending on your luck only. Trading is very complex and if you want to do it you must know a lot about it and along with that you need to be in touch with experienced people And if you want to trade then I would say you shouldn't do it in the beginning. You can invest if you want to supplement it. Then simultaneously try to learn about trading gradually. It is not the case that you will get huge profits just by trading, so be interested to know it well first. Don't start trading just on the impulse of others.
Honestly, trading is not complex when you know what you are doing. But if you are like a soldier that doesn't have arms and going to a war then that makes it complex and odd.

It doesn't have to be expensive to learn to trade and that is the reason why many newbies get it wrong when they trade because they thought that it is an easy thing to do.

So, they go to the route of learning it expensively by having several experiences of mistakes before they learn. Trading can be done by newbies and not but you have to take note every mistake you might have done.



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March 07, 2024, 04:48:18 AM
 #314

A person who does not know about trading and has no knowledge about it is unlikely to profit from it. Trading is not really gambling you can indulge in it depending on your luck only. Trading is very complex and if you want to do it you must know a lot about it and along with that you need to be in touch with experienced people And if you want to trade then I would say you shouldn't do it in the beginning. You can invest if you want to supplement it. Then simultaneously try to learn about trading gradually. It is not the case that you will get huge profits just by trading, so be interested to know it well first. Don't start trading just on the impulse of others.

1+ for that.
A lot of people make the mistake of rushing it because they want to start making money as quickly as possible but in this rush, they ignore the fact that the most important thing about it is the learning part because how would you be able to do something effectively if you don't know enough about it? With minimal knowledge, you can barely be able to make successful trades unless you occasionally become lucky and get some trades in your favor.
I also agree that one shouldn't rush it when learning the process, give it enough time so that all the concepts get cleared in your mind so that when you face some situation in the future where you need to solve a specific problem, you will need to know about it to act quickly and effectively to solve the problem.









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March 07, 2024, 06:18:24 AM
 #315

so I wan to know if it's right for the person to begin trading?

It's okay for a beginner to trade, because all professional traders started as beginners. However, what needs to be paid attention to in order to become a trader is that they need to study the market for the instrument they choose, what its characteristics are and carry out back tests, to be able to see how the method they learn can actually work on the market. If they are confident that they can manage positions, carry out TP/SL, and good management on their demo account, they can test on a real account with low money.And if they are successful on a real account with that low amount of money, they can increase their capital slowly and see how their trading progresses. The most important thing is how they can learn and continue to see the development of their trading, not just enter the market and trade as they please.

R


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March 07, 2024, 08:11:18 AM
 #316

If the newbie trader is really a beginner, there is no problem as long as he learns the basic rules of trading first. Just don't immediately jump into large-scale investments in trading. Just start with small capital and, at the same time, learn while doing actual trading on an exchange.

It is said that practice makes perfect; that's the only way to do it, and don't immediately give up on learning crypto trading; just don't quit, and continuous learning is the only thing to do.

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March 08, 2024, 02:08:45 PM
 #317

Everything is all about process it’s just depending on the time and the dedication you put into it Trading is not something that you learn one day. It starts from a step of course 1000 miles start from a step so whatever you’re doing that must be a starting point the starting point determine the future of what you’re doing, it is good to start even when you don’t know much at least the person has asked the question the person is ready to trade, the only thing I see here is it not bad for Trading to comments it’s just the person to keep on with the force of getting right information and how to go about it. Of course there must be some losses that is for sure but the person should still move ahead because their is always room for improvement.



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March 08, 2024, 03:00:58 PM
 #318

If the newbie trader is really a beginner, there is no problem as long as he learns the basic rules of trading first. Just don't immediately jump into large-scale investments in trading. Just start with small capital and, at the same time, learn while doing actual trading on an exchange.

It is said that practice makes perfect; that's the only way to do it, and don't immediately give up on learning crypto trading; just don't quit, and continuous learning is the only thing to do.
Every beginner must first learn the rules about trading so that they can trade correctly and start with small capital while learning how to analyze the market correctly so that they can have experience in trading and if they experience losses of course they we must be able to learn in order to be able to trade correctly again and we also have to be patient with each learning process that we go through in order to become a successful trader in trading.
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March 15, 2024, 05:37:01 PM
 #319

If the newbie trader is really a beginner, there is no problem as long as he learns the basic rules of trading first. Just don't immediately jump into large-scale investments in trading. Just start with small capital and, at the same time, learn while doing actual trading on an exchange.

It is said that practice makes perfect; that's the only way to do it, and don't immediately give up on learning crypto trading; just don't quit, and continuous learning is the only thing to do.
Good advice, this is exactly how i learned trading, like i was investing in trading small amount and at the same time i am learning as well. Newbie traders should not invest large capital at the first time of trading to avoid any big loss. Then day by day trading knowledge will be increase if possible to keep practicing with patience.

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March 15, 2024, 06:52:06 PM
 #320

so I wan to know if it's right for the person to begin trading?
It's okay for a beginner to trade, because all professional traders started as beginners. However, what needs to be paid attention to in order to become a trader is that they need to study the market for the instrument they choose, what its characteristics are and carry out back tests, to be able to see how the method they learn can actually work on the market. If they are confident that they can manage positions, carry out TP/SL, and good management on their demo account, they can test on a real account with low money.And if they are successful on a real account with that low amount of money, they can increase their capital slowly and see how their trading progresses. The most important thing is how they can learn and continue to see the development of their trading, not just enter the market and trade as they please.

I believe the OP indirectly wants to know if it is risky for a beginner to trade. But there is not road to riches that there wont be any form of risk and sacrifice. There is always a start from a newbies and soon they will reach there. What should be more important is how will they be able to control their emotions during this growing stage. Of course there will be loss and wins which will cost them to either start over or fall down to some middle part.

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March 15, 2024, 07:52:05 PM
 #321

I believe the OP indirectly wants to know if it is risky for a beginner to trade. But there is not road to riches that there wont be any form of risk and sacrifice. There is always a start from a newbies and soon they will reach there. What should be more important is how will they be able to control their emotions during this growing stage. Of course there will be loss and wins which will cost them to either start over or fall down to some middle part.

First of all, though I understand your reference, trading is no road to riches and a lot of newbies often have this misconception thinking that they can earn a lot of money in no time from this industry which isn't true and people who manage to do that are either lucky or already have very high capital to begin with because the amount of profit you can make from this industry depends on how large your capital is.

Trading and newbies is an unending debate, however, the main discussion about it is that when a newbie gets into trading, their first step should be to acquire enough knowledge about the market so that they don't face problems when they involve finances.









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March 15, 2024, 08:16:11 PM
 #322

I believe the OP indirectly wants to know if it is risky for a beginner to trade. But there is not road to riches that there wont be any form of risk and sacrifice. There is always a start from a newbies and soon they will reach there. What should be more important is how will they be able to control their emotions during this growing stage. Of course there will be loss and wins which will cost them to either start over or fall down to some middle part.

First of all, though I understand your reference, trading is no road to riches and a lot of newbies often have this misconception thinking that they can earn a lot of money in no time from this industry which isn't true and people who manage to do that are either lucky or already have very high capital to begin with because the amount of profit you can make from this industry depends on how large your capital is.

Trading and newbies is an unending debate, however, the main discussion about it is that when a newbie gets into trading, their first step should be to acquire enough knowledge about the market so that they don't face problems when they involve finances.
Once you do have that kind that misconception then you are really that making yourself that bound to failure. Well, this is something that commonly happen into those who are just new and been just hyped up to make or learn trades just because they've seen someone who do make out huge profits online. One of the most common scenario that we do have on here is that on the time that you've seen those big profits
then you would really be having in mind that you could eventually be able to do it. On the time that you have started your trading journey then you would really be having impressions as a noob that
you could be able to do it in one day until loses would really be experienced.

They wont really be able to learn not until they would really be able to experience for themselves the bitter ones here on crypto trading world. They cant really be able to learn
up things if they wont really be able to experience it out.  Cheesy

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March 15, 2024, 09:04:56 PM
 #323

~ it will be a waste of time and resources for beginners to go into trading without knowledge
Of course, if we trade without knowledge, the result must be losing money. I think nowadays most newbies already understand that trading must have the basic knowledge at least. There were many newbies who lost huge money in the past because they traded at the wrong way. People who are in the newbies level now must learn from the story of failed newbies in the past.

What makes trading to be bad without learning to have knowledge,  it is wrong step to start up trading. The first step every beginner must think about in trading is to learn and not rush to go into trading without knowledge.  Going in trading with a blank knowledge is a big mistake for any beginners to think about.
Basically, trading isn't bad. People make it bad because they are using the wrong way in trading. If every person trades with a proper way, trading must give the advantage for everyone. When you trading with no knowledge, how you can expect for raising profits? Trading isn't the same as gambling that relies on the luck. Trading requires the basic knowledge, skills, and experience.

Trading is very risky and it is not ideal for beginners to rush into it without understanding.
Actually, trading isn't bad for beginners. Every professional traders must begin from the newbie level. But make sure that we begin trading in the right way. The focus should be for learning if we are still in a newbie level. Although we should try to trade, we must use small funds because we still have no enough knowledge when it is in a newbie level.


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March 15, 2024, 11:49:54 PM
 #324

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
I think trading is not right for someone who knows nothing about trading. If trading is done without acquiring the strategy or trading knowledge in the trading platform then he will definitely lose his money. And if he gets some knowledge about trading then he can earn some money from trading platform from time to time. If one relies on luck at some points in the trading platform but if one does not know the trading strategy he will surely suffer then luck will not work on him. So I think it is right for new people who don't know anything to come to the trading platform and I think holding is best for them.

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March 16, 2024, 12:13:35 PM
 #325

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
I think trading is not right for someone who knows nothing about trading. If trading is done without acquiring the strategy or trading knowledge in the trading platform then he will definitely lose his money. And if he gets some knowledge about trading then he can earn some money from trading platform from time to time. If one relies on luck at some points in the trading platform but if one does not know the trading strategy he will surely suffer then luck will not work on him. So I think it is right for new people who don't know anything to come to the trading platform and I think holding is best for them.

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

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March 16, 2024, 12:20:25 PM
 #326

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

unfortunately, there are two types of novice traders in case of such a situation. The first is a novice trader who learns from his trading losses and considers it a process of learning to trade. and he continues his trade.
and the second is a trader who does not learn from his trading experience. Even though he loses in trading, he always makes the same mistakes over and over again.

Trading for me is not for beginners. but beginners can learn to trade. whether it be from your own experience or the experience of others. as long as they want to learn, beginners will also become professionals when they persist.



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March 16, 2024, 01:37:08 PM
 #327

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process
Losing a little money because of trying to trade or because of following the trading learning process is not wrong. But it would be better if in following this process you don't have to face loss because this will also affect a person's mentality, especially if the person is a beginner in this matter. Because beginners can also learn trading without having to face losing a certain amount of money, so if there is an option that does not require initial sacrifice, of course that option should also be considered even though the option you said is not bad for someone who has a stronger trading mentality.

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March 16, 2024, 02:44:53 PM
 #328

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
I think trading is not right for someone who knows nothing about trading. If trading is done without acquiring the strategy or trading knowledge in the trading platform then he will definitely lose his money. And if he gets some knowledge about trading then he can earn some money from trading platform from time to time. If one relies on luck at some points in the trading platform but if one does not know the trading strategy he will surely suffer then luck will not work on him. So I think it is right for new people who don't know anything to come to the trading platform and I think holding is best for them.

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process
Of course your point here is very reasonable because if someone loses money on a trading platform he will learn a lot. Because he will always remember his lost money and he will arrange himself very nicely on the trading platform. When a person loses money on the trading platform, he will be reminded of that money again and again so that he will always focus on trading and achieve ultimate success on the trading platform. I learned on the trading platform but lost a lot of money. I have lost money due to which I have been able to pick up strategies and education very quickly on the trading platform.

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March 16, 2024, 04:20:03 PM
 #329

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process
Losing a little money because of trying to trade or because of following the trading learning process is not wrong. But it would be better if in following this process you don't have to face loss because this will also affect a person's mentality, especially if the person is a beginner in this matter. Because beginners can also learn trading without having to face losing a certain amount of money, so if there is an option that does not require initial sacrifice, of course that option should also be considered even though the option you said is not bad for someone who has a stronger trading mentality.
If they are not willing to take the risk of sacrificing some money then they may never understand trading. Because even if we understand the theory of trading, it will be different when we directly practice it in the market, so like it or not they have to spend some money. They can also first use a demo account to learn what they have to do and learn the features in trading. However, in a demo account we are not taught the mentality because when using a demo account there is no pressure whatsoever in trading. It's different when we use real money, our mentality will definitely have a big influence on what we decide.
Continue to deepen your knowledge if you want to become a good trader, don't be quickly satisfied with the knowledge we have.

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March 16, 2024, 05:05:18 PM
 #330

     If the person entering the crypto trading business is really new and has no knowledge, it is possible, as long as he does not suddenly deposit a large amount of money in an exchange that he will also enter. But he should also study trading at the same time; it is not enough because if he actually trades, he will do it right away.

    So at least he can ask questions here, or he can also read first about the basic learnings in trading so that at least he has knowledge in the matter he is involved in.

If they are not willing to take the risk of sacrificing some money then they may never understand trading. Because even if we understand the theory of trading, it will be different when we directly practice it in the market, so like it or not they have to spend some money. They can also first use a demo account to learn what they have to do and learn the features in trading. However, in a demo account we are not taught the mentality because when using a demo account there is no pressure whatsoever in trading. It's different when we use real money, our mentality will definitely have a big influence on what we decide.
Continue to deepen your knowledge if you want to become a good trader, don't be quickly satisfied with the knowledge we have.

If the newbie entering crypto trading is not a risk taker, it is better and better not to try to trade or study here in the field of crypto space.

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March 16, 2024, 05:21:44 PM
 #331

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
When one does not have knowledge about trading and does not have any idea about how trading works he will not be able to profit from trading in any way. Because he will always make the wrong decision, invest in the wrong coin and sell it at the wrong time. But some times due to his luck he may make some profit but not always it happens. Trading is not an easy thing it is a very difficult thing so trading should be done with good understanding



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March 16, 2024, 05:52:58 PM
 #332

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

unfortunately, there are two types of novice traders in case of such a situation. The first is a novice trader who learns from his trading losses and considers it a process of learning to trade. and he continues his trade.
and the second is a trader who does not learn from his trading experience. Even though he loses in trading, he always makes the same mistakes over and over again.

Trading for me is not for beginners. but beginners can learn to trade. whether it be from your own experience or the experience of others. as long as they want to learn, beginners will also become professionals when they persist.

You are right on your definition on the types of traders and you should know that be it a trader who wants to learn from his mistakes or the one who keeps making mistakes over again, in the starting point of trading losses are expected till one becomes used to how the system works. Saying trading is not for beginners, I don't actually know what you mean but how can someone learn trading without partaking in the trading process?

Losing a little money because of trying to trade or because of following the trading learning process is not wrong. But it would be better if in following this process you don't have to face loss because this will also affect a person's mentality, especially if the person is a beginner in this matter. Because beginners can also learn trading without having to face losing a certain amount of money, so if there is an option that does not require initial sacrifice, of course that option should also be considered even though the option you said is not bad for someone who has a stronger trading mentality.

So are you trying to tell me that professional traders doesn't lose money as well? Trading is risky of which sometimes traders do lose some amount of money so saying that a beginner doesn't need to loss while trying to learn trading is something I don't understand because just like I said, we lose money sometimes when trying to know about something and afterwards gain experience that will guide us next time in other not to run into losses.


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March 17, 2024, 06:02:16 AM
 #333

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
To trade, you must gain detailed experience about trading. If you can master the basic concepts of trading in the initial stage, then you can quickly become experienced about trading. Many times people fail to succeed in trading even after following the theoretical aspects of trading because the theoretical aspects have no basis in reality.

If someone doesn't understand about trading and has no experience with trading systems then he is lucky if he trades any coin and makes a profit from that trade. Because if you don't have experience in trading, you can never make a profit by trading. Trading is not a simple thing Newbies may think that trading is easy but the first thing you need to do is to control your emotions. When we buy a coin while trading, when the price of that coin drops, we get emotional and plan to sell that coin immediately. We regret it when we sell that coin only to see the coin rise in price again.

Finally I would like to say that those who want to master trading should definitely try out your trading plan with a demo account.

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March 17, 2024, 02:50:59 PM
 #334

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

If the person looks serious, there is a high chance that he will make a profit, but one piece of advice I will give is that he needs to be patient and should not use all of his savings to trade, he should start using the money saved bit by bit, and when he starts making a profit, he can also increase the money used in trading. All this is just to help you reduce the amount you will lose when you start trading. You only lose a small amount of money out of your savings since you did not do anything.  and his not knowing is an error already. because after thinking of trading and having the resources, the next thing should be seeking knowledge, and then you can start learning what you have learned. and answer your question with a simple answer: No, there is no way you will make a profit without having an idea of doing the necessary things.

I think trading is not right for someone who knows nothing about trading. If trading is done without acquiring the strategy or trading knowledge in the trading platform then he will definitely lose his money. And if he gets some knowledge about trading then he can earn some money from trading platform from time to time. If one relies on luck at some points in the trading platform but if one does not know the trading strategy he will surely suffer then luck will not work on him. So I think it is right for new people who don't know anything to come to the trading platform and I think holding is best for them.

The seriousness will have to come after knowing that seriousness can come, If it were that way, then what is the relevance of going to school? We would have just gone straight up to our position and that shows the importance of learning. After learning, you will need to learn cheats on how to make a profit because there are trading books for dummies but people don't give value to reading they just want to make money. One thing I love is that when they make mistakes, they either give up or then continue because plenty of them want to trade and avoid learning and they start showing some very bad habits while they are trading. Everyone will keep saying it seek knowledge first.

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March 17, 2024, 07:48:28 PM
 #335

When one does not have knowledge about trading and does not have any idea about how trading works he will not be able to profit from trading in any way. Because he will always make the wrong decision, invest in the wrong coin and sell it at the wrong time. But some times due to his luck he may make some profit but not always it happens. Trading is not an easy thing it is a very difficult thing so trading should be done with good understanding

Yes, and a lot of newbies that enter the market tend to ignore this fact mostly because they have been misguided by some influencer on YouTube or some other social media platform or they have seen profit screenshots of people in social media trading groups where people only share their profits and hide their losses and newbies don't understand this and they think all of them are just earning money all the time.
So as you said, it's important for someone to learn trading before they venture into it because it isn't as easy as some might think it is and there can be challenging times ahead of them if one doesn't have any knowledge about the market but starts trading anyway.









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March 19, 2024, 04:07:17 PM
 #336

When one does not have knowledge about trading and does not have any idea about how trading works he will not be able to profit from trading in any way. Because he will always make the wrong decision, invest in the wrong coin and sell it at the wrong time. But some times due to his luck he may make some profit but not always it happens. Trading is not an easy thing it is a very difficult thing so trading should be done with good understanding
Yes, and a lot of newbies that enter the market tend to ignore this fact mostly because they have been misguided by some influencer on YouTube or some other social media platform or they have seen profit screenshots of people in social media trading groups where people only share their profits and hide their losses and newbies don't understand this and they think all of them are just earning money all the time.
So as you said, it's important for someone to learn trading before they venture into it because it isn't as easy as some might think it is and there can be challenging times ahead of them if one doesn't have any knowledge about the market but starts trading anyway.
When someone decides to trade, of course they must first learn about trading from those who already have experience in this field, because if we only look at several influencers who we don't know for sure about their trading abilities, this can make us experience failure. the trading that we will do and it would be better if we want to enter trading. The most important thing for us is just to study the theory about trading and also look for those who have experience in this field to be able to guide us in analyzing the market to be able to trade well.

Yes, of course we will face difficult times when learning and trying trading so we have to be able to improve this and be patient in trading and don't make decisions about trading in a hurry which means we can't analyze the market well and end up with failure.
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March 19, 2024, 05:53:32 PM
 #337

I believe the OP indirectly wants to know if it is risky for a beginner to trade. But there is not road to riches that there wont be any form of risk and sacrifice. There is always a start from a newbies and soon they will reach there. What should be more important is how will they be able to control their emotions during this growing stage. Of course there will be loss and wins which will cost them to either start over or fall down to some middle part.

First of all, though I understand your reference, trading is no road to riches and a lot of newbies often have this misconception thinking that they can earn a lot of money in no time from this industry which isn't true and people who manage to do that are either lucky or already have very high capital to begin with because the amount of profit you can make from this industry depends on how large your capital is.

Trading and newbies is an unending debate, however, the main discussion about it is that when a newbie gets into trading, their first step should be to acquire enough knowledge about the market so that they don't face problems when they involve finances.

If you just study first and don't do actual trade right away, my answer would be yes, but if you are a newbie and don't have any theory to do and you want to jump into actual trade right away, it is not good to do that style. He should study it well first.

It's like learning to drive; you can't immediately drive a car without any driving experience. How can you make it work if you don't know what is basic to make it work? The same is true in trading; don't trade immediately. It's easy to put money into the exchange Cex or Dex; the difficult thing is how to grow the capital that will be put into trading.



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March 20, 2024, 06:33:52 AM
 #338

When one does not have knowledge about trading and does not have any idea about how trading works he will not be able to profit from trading in any way. Because he will always make the wrong decision, invest in the wrong coin and sell it at the wrong time. But some times due to his luck he may make some profit but not always it happens. Trading is not an easy thing it is a very difficult thing so trading should be done with good understanding

Yes, and a lot of newbies that enter the market tend to ignore this fact mostly because they have been misguided by some influencer on YouTube or some other social media platform or they have seen profit screenshots of people in social media trading groups where people only share their profits and hide their losses and newbies don't understand this and they think all of them are just earning money all the time.
So as you said, it's important for someone to learn trading before they venture into it because it isn't as easy as some might think it is and there can be challenging times ahead of them if one doesn't have any knowledge about the market but starts trading anyway.
Everything is the effect of social media because now most of the people are using the internet and using social media and the promotion of trading and gambling is increasing widely. Along with the advertisement of the platform, many traders are sharing their success stories and seeing them, many new traders are encouraged to trade. Although encouraged, they are basically unaware of how difficult trading is and how risky trading is. The results of trading without knowledge of these are very dire for them.



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March 20, 2024, 06:50:11 AM
 #339

Everything is the effect of social media because now most of the people are using the internet and using social media and the promotion of trading and gambling is increasing widely. Along with the advertisement of the platform, many traders are sharing their success stories and seeing them, many new traders are encouraged to trade. Although encouraged, they are basically unaware of how difficult trading is and how risky trading is. The results of trading without knowledge of these are very dire for them.
Yes, social media really has a huge effect. Starting from advertisements or screenshots on social media. People think that it is very easy to take advantage of trading. In addition, many influencers explain trading techniques as if it is very easy, so people do not hesitate to take risks.
I recently came across a case where there was a child who was holding onto his family's money, and he felt that he could increase that money through trading. However, the facts he got were completely beyond his imagination. The money quickly dwindled, and he panicked. Well, he posted on social media that he was also interested in trading because the profit posts really attracted attention. Apart from that, the case described by the OP may also have started out the same. that his friend had no qualms about using all his savings. Well, if he is interested, he should start with a small amount of capital that he can afford to lose.

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March 20, 2024, 07:44:55 PM
 #340

Definitely trading is not good for beginners because it's not money making tool, it's quite difficult. Beginners should not start without basic learning. First they need to gain some knowledge, then the next step they can start with some capital, but many beginners don't care about learning, they are thinking just invest in trading and profit will come.

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March 22, 2024, 04:42:52 AM
 #341

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

It's crystal clear why people lose money in trading, and it's because of lack of knowledge, and they actually don't know that in trading, you get only what you deserve, if you are good in the craft, you will definitely be profitable, but if you are not or you have no knowledge about it, you will be getting liquidated time without numbers.

People have failed to understand that it's near impossible be profitable if you have no knowledge about trading, because you will definitely be making outrageous decisions, which to me , I called it anti trading and with that, in no distance time, you will get liquidated,  so in other to be successful in trading, it's very important that you go for knowledge first, because that is the key, and so that you will know what is required of you on how to navigate your way in the market and come out profitable.

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March 22, 2024, 09:28:09 AM
 #342

When someone decides to trade, of course they must first learn about trading from those who already have experience in this field, because if we only look at several influencers who we don't know for sure about their trading abilities, this can make us experience failure. the trading that we will do and it would be better if we want to enter trading. The most important thing for us is just to study the theory about trading and also look for those who have experience in this field to be able to guide us in analyzing the market to be able to trade well.

Yes, of course we will face difficult times when learning and trying trading so we have to be able to improve this and be patient in trading and don't make decisions about trading in a hurry which means we can't analyze the market well and end up with failure.
I would start with the fact that you should like it, doing something just for the sake of money will not work, because you will get tired of it very quickly, but if you like trading, then you will learn, and every mistake will be perceived as another step on your way to achieving a higher level in trading.

It seems to me that the big mistake of beginners in trading is that they want to achieve a quick result, and this is impossible without proper knowledge, or when they try to use different buy and sell signals, this is even worse, because in the event of a losing trade, they won’t even be able to understand what the mistake was. There will always be an opportunity to make money in trading, there is no need to rush and think that if you don’t start now, you will miss the best time, first get the necessary knowledge, and only then start trading.
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March 22, 2024, 08:01:42 PM
 #343

 a beginner you are talking about, is it some one that has zero knowledge about crypto market, or a beginner that has little about how the crypto market works. i know that everybody that is trading in the crypto market was once a beginner,no one was born as a professional in the market,we leant every day. if you are a beginner and you make mistakes while trading and keep losing. next trade you
to  very carefull for you not to lose again and learn from your mistakes.
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March 22, 2024, 08:14:54 PM
 #344

When someone decides to trade, of course they must first learn about trading from those who already have experience in this field, because if we only look at several influencers who we don't know for sure about their trading abilities, this can make us experience failure. the trading that we will do and it would be better if we want to enter trading. The most important thing for us is just to study the theory about trading and also look for those who have experience in this field to be able to guide us in analyzing the market to be able to trade well.

Yes, of course we will face difficult times when learning and trying trading so we have to be able to improve this and be patient in trading and don't make decisions about trading in a hurry which means we can't analyze the market well and end up with failure.
I would start with the fact that you should like it, doing something just for the sake of money will not work, because you will get tired of it very quickly, but if you like trading, then you will learn, and every mistake will be perceived as another step on your way to achieving a higher level in trading.

It seems to me that the big mistake of beginners in trading is that they want to achieve a quick result, and this is impossible without proper knowledge, or when they try to use different buy and sell signals, this is even worse, because in the event of a losing trade, they won’t even be able to understand what the mistake was. There will always be an opportunity to make money in trading, there is no need to rush and think that if you don’t start now, you will miss the best time, first get the necessary knowledge, and only then start trading.
That's right, what we do if we like the work then the results will be successful. And this applies to any job including crypto trading, and we have to like it first in order to have the desire to continue learning and learning everything about trading.
And besides that, always learn from mistakes to improve and improve yourself in order to truly master it, trading is not an easy job and it is not easy to make money. So it's best to know yourself first then try to learn it, and from there you can assess your abilities. Whether you feel capable or not, if you are capable then you have to keep learning especially since your time will run out for trading, if not. It's better for you to just back off, because if you continue doing this you will only experience losses.

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March 22, 2024, 09:52:54 PM
 #345

Personally, if you ask me, I do not suggest that a beginner in crypto trading should not immediately try the actual exchange trading platform. Because most of them will be preceded by laziness to learn trading in reality.

Especially when they see that there is copy trading, they will think that it is possible to make money even if you know nothing about trading because there are copy trading features in the exchange. It's different because what we know is organic knowledge that we really studied and learned about trading skills. That's why trading in this field of cryptocurrency is not easy, honestly speaking.

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March 23, 2024, 06:18:16 AM
 #346

Personally, if you ask me, I do not suggest that a beginner in crypto trading should not immediately try the actual exchange trading platform. Because most of them will be preceded by laziness to learn trading in reality.

Especially when they see that there is copy trading, they will think that it is possible to make money even if you know nothing about trading because there are copy trading features in the exchange. It's different because what we know is organic knowledge that we really studied and learned about trading skills. That's why trading in this field of cryptocurrency is not easy, honestly speaking.
for beginners, I think the beginning of their trading will be tough. However, there are 2 types of beginners that I feel can develop, the first is those who learn by trying. Even though they only understand the basics of trading, but they keep trying, I think in the future they will start to understand how trading is. The second are those who learn first, then try. This type may be more prepared than the first.
It's just that, for beginners, I think there is no guarantee of getting big profits, you might even experience losses. Well, it's a learning process. however, sooner or later they will understand the meaning of trading, and start building their strategy.


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March 23, 2024, 08:43:47 AM
 #347

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

The complexity of trading can not be overemphasize such that even old and experience ones incurre losses at some point, let alone a newbie. Trading is not a reality show it requires technical knowledge and no one should be in a hurry to go in to it but rather give yourself some time and learn that which is needed before you can give it a try that is if you want.

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March 23, 2024, 03:11:02 PM
 #348

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

The complexity of trading can not be overemphasize such that even old and experience ones incurre losses at some point, let alone a newbie. Trading is not a reality show it requires technical knowledge and no one should be in a hurry to go in to it but rather give yourself some time and learn that which is needed before you can give it a try that is if you want.
One of the main mistake when it comes to trading is lacking of knowledge and experience and we do know that everyone starts on being a noob on which there's no one starts on being a professional
on which it would really be just that normal that there would really be those hardship that you would really be encountering on first try or engagement. When it comes on the questions about if trading is good for
beginners? then everyone could choose up on being a trader and doesnt matter whether you are noob or not because everyone starts on the starting line.
Its up to someone whether they would really be able to bare up with the risks involved on trading or not.

So its up to you whether you would really be pursuing or continuing on becoming a trader or not on which it would be someones choice in the end of the day on which its
a common approach as we do all know. It would really be just that depending on  you whether you would really be continuing or not.

R


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March 23, 2024, 05:09:27 PM
 #349

Definitely trading is not good for beginners because it's not money making tool, it's quite difficult. Beginners should not start without basic learning. First they need to gain some knowledge, then the next step they can start with some capital, but many beginners don't care about learning, they are thinking just invest in trading and profit will come.
Agreed, beginners need to have basic understanding before starting trading trading is not an easy thing to trade and earn profit there are many risks here. If newbies have no experience it is best to avoid trading during important news releases as there is a high probability that the market will be very volatile at that time. You should also consider learning about basic risk management techniques as they will help you avoid losses.

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March 25, 2024, 01:54:10 AM
 #350

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
  Yes, that's right a newbie should never trade, if trading you must earn two to three years with understanding and then trade.  Because in that case you must be careful while trading because if you candle or if you candle ever goes up when the police will go by itself you will never be able to earn.  But there are many who do copy training, in that case I would say that you should not do copy training, you will also lose by investing money on other people who have done wisdom.  There are many people who are earning a lot of money in trading or think it is very easy.  It's easy. It's easy to catch. It's easy to catch, but if you catch your head or your wife when you catch it, you'll need two or three years to play school.  So I would say no training for newbies or what is new you can increase the scale or learn two to three years and then come to train.
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April 05, 2024, 02:32:41 PM
 #351

Quote from: shawonngp
Definitely trading is not good for beginners because it's not money making tool, it's quite difficult. Beginners should not start without basic learning. First they need to gain some knowledge, then the next step they can start with some capital, but many beginners don't care about learning, they are thinking just invest in trading and profit will come.
Beginners who don't have the knowledge to trade crypto, is not good for such beginners because money cannot help you in such situations and, the only thing that can help you at that situation is knowledge on how to trade in the right season to achieve what you want from the market.

Even though beginners have the basics learning, they should start with little capital that will not create pressure on them when they experience lost from the trading because, some times you can achieve profits from your trading and some times you can experience lost which are part of some of the things you will be learning from until you become perfect in trading not to experience lost whenever you trade in the market.

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April 05, 2024, 03:58:11 PM
 #352

Obviously, trading isn't for beginners. But how can the beginners trade if they're not going to try, right? And that's why if they're going to try it, they should be aware that it is not going to go accordingly to what they're thinking. And as usual, they should expect the least with their trading results because it's not the perfect thing the newbies can do. Most of you guys will fail and just as we when we've started to trade. That's fine, the learning experience is such a great gain and your mind is also upgrading because you're able to take more risk.



 

 

 

 

 

 


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April 05, 2024, 04:40:46 PM
 #353

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.
That means he made the wrong decision because he started trading without having the right knowledge and my advice is that he should stop before finding the right knowledge about trading and if he continues to force it then it is feared that it will make him lose.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
There is no chance for him to make a profit when he trades without knowledge because he doesn't know what kind of trade to make and how to deal with pressure when the trade he makes doesn't go according to plan. Trading that involves guesswork is not a good option because no one has been successful in trading relying solely on guesswork.

It is best for him to start learning trading first and if he has been involved in trading before then it will be much easier to learn. All that remains is to develop better trading skills so that he is better prepared for trading.

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April 05, 2024, 04:53:37 PM
 #354

Look, everybody started out somewhere, why do you think that someone who first got into trading was smarter?
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April 05, 2024, 05:37:29 PM
 #355

Obviously, trading isn't for beginners. But how can the beginners trade if they're not going to try, right? And that's why if they're going to try it, they should be aware that it is not going to go accordingly to what they're thinking. And as usual, they should expect the least with their trading results because it's not the perfect thing the newbies can do. Most of you guys will fail and just as we when we've started to trade. That's fine, the learning experience is such a great gain and your mind is also upgrading because you're able to take more risk.

While there are techniques that give you an overview of trading without investing any money like paper trading. But it's important to understand that real experience comes when you jump in with real cash. So one can't learn trading without investing money and its also impossible to avoid loses at very beginning. The solution to this deadlock is start with small amount or something you can afford to lose. Don't jump in with huge capital. 
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April 05, 2024, 07:42:48 PM
 #356

Obviously, trading isn't for beginners. But how can the beginners trade if they're not going to try, right? And that's why if they're going to try it, they should be aware that it is not going to go accordingly to what they're thinking. And as usual, they should expect the least with their trading results because it's not the perfect thing the newbies can do. Most of you guys will fail and just as we when we've started to trade. That's fine, the learning experience is such a great gain and your mind is also upgrading because you're able to take more risk.

If a beginner doesn't try to trade they'll never become a professional trader. All professional traders started from beginners therefore beginners don't have to be discouraged from learning how to trade. What beginners should be discouraged from is trading through future but for spot trading, every individual that have learnt how to do it can begin trading. I'm a beginner in trading and I'm still learning how to trade from my mentor. As I'm learning I'm already practicing and winning but not all the time. Trading can be be done by everyone that has an interest in learning how to trade therefore everyone can become a trader. A beginner can use training to make money that he can use for investing and doing other things that he feels like doing. Trading isn't very hard to learn therefore before we begin to trade we should learn everything about trading from a reliable mentor.

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April 05, 2024, 08:21:30 PM
 #357

Obviously, trading isn't for beginners. But how can the beginners trade if they're not going to try, right? And that's why if they're going to try it, they should be aware that it is not going to go accordingly to what they're thinking. And as usual, they should expect the least with their trading results because it's not the perfect thing the newbies can do. Most of you guys will fail and just as we when we've started to trade. That's fine, the learning experience is such a great gain and your mind is also upgrading because you're able to take more risk.

While there are techniques that give you an overview of trading without investing any money like paper trading. But it's important to understand that real experience comes when you jump in with real cash. So one can't learn trading without investing money and its also impossible to avoid loses at very beginning. The solution to this deadlock is start with small amount or something you can afford to lose. Don't jump in with huge capital. 

I understand that a demo account can be used as a place of learning for a trader who is still a beginner or those who are new to the world of trading, but still what must be understood is that a demo account will only be able to give you nothing more than an understanding of understanding how all the features provided work and also only give you an idea that that is where you trade, or simply put it is a demo account will only be able to give you learning related to how to use and how some of the features provided such as indicators or simply put again a demo account is a place for anyone to adapt to something new they see.

In the end, as you said, the real experience is when you dive into the world of trading using real money where you will feel different mentally and psychologically and all of that happens due to worries and tensions for fear of losing your money. This means that learning about the world of trading is not just knowing how to trade properly and not just having a strategy, but there is still something else that is no less important, namely mental and psychological readiness in terms of accepting the consequences of loss, which in some cases a trader is usually trapped in his own emotions which of course is very likely to affect their mental and psychological in terms of decision making. Another thing is yes as you said that the best advice is to have an approach that does not exceed our abilities, one of which is like in terms of allocating the amount of the budget, try the amount that we can be responsible for.

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April 05, 2024, 11:09:25 PM
 #358

Obviously, trading isn't for beginners. But how can the beginners trade if they're not going to try, right? And that's why if they're going to try it, they should be aware that it is not going to go accordingly to what they're thinking. And as usual, they should expect the least with their trading results because it's not the perfect thing the newbies can do. Most of you guys will fail and just as we when we've started to trade. That's fine, the learning experience is such a great gain and your mind is also upgrading because you're able to take more risk.

While there are techniques that give you an overview of trading without investing any money like paper trading. But it's important to understand that real experience comes when you jump in with real cash. So one can't learn trading without investing money and its also impossible to avoid loses at very beginning. The solution to this deadlock is start with small amount or something you can afford to lose. Don't jump in with huge capital. 

Indeed, learning the process and keeping all the knowledge that you gathered while you are investing small amount of your money,  there's no instant benefits or something that would change your life not unless you become lucky and manage to invest with a certain hypes but on the regular basis,  trading is a business where patience is needed,  not good if you have that greed inside you but if you have that capabilities to handle the pressure there's always a big chance that you'll be able to generate pretty decent benefits,  more on handling the risk and the potential as a beginner.

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April 06, 2024, 02:14:27 AM
 #359

Obviously, trading isn't for beginners. But how can the beginners trade if they're not going to try, right? And that's why if they're going to try it, they should be aware that it is not going to go accordingly to what they're thinking. And as usual, they should expect the least with their trading results because it's not the perfect thing the newbies can do. Most of you guys will fail and just as we when we've started to trade. That's fine, the learning experience is such a great gain and your mind is also upgrading because you're able to take more risk.

While there are techniques that give you an overview of trading without investing any money like paper trading. But it's important to understand that real experience comes when you jump in with real cash. So one can't learn trading without investing money and its also impossible to avoid loses at very beginning. The solution to this deadlock is start with small amount or something you can afford to lose. Don't jump in with huge capital. 

Indeed, learning the process and keeping all the knowledge that you gathered while you are investing small amount of your money,  there's no instant benefits or something that would change your life not unless you become lucky and manage to invest with a certain hypes but on the regular basis,  trading is a business where patience is needed,  not good if you have that greed inside you but if you have that capabilities to handle the pressure there's always a big chance that you'll be able to generate pretty decent benefits,  more on handling the risk and the potential as a beginner.

Trading is not a way to get rich instantly which is usually in the mindset of some people where I am sure that there are some beginners who come because they feel tempted and interested in achieving success like what some traders who are now successful have achieved, meaning the same as you build a business from scratch where you have to learn slowly about everything related to the world of trading especially something that can be done and something that should be avoided. Success in trading is not entirely dependent on luck because after all, your success depends on how hard you struggle to learn everything to gain a lot of experience that will make you know about various methods or strategies and also that will make you know about what to do and what to avoid.

That's right, patience plays an important role in the world of trading, you really need to apply patience in various ways such as in the learning stage and also in terms of decision making when running trading sessions, because usually in some cases there are some traders who enter in a hurry where they make decisions at the wrong time which ultimately makes them end up with losses, and also we need to have many other skills such as eliminating aspects of greed, and always prioritize risk management, because the hardest thing in trading is when we have to control ourselves and thoughts.

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April 06, 2024, 03:23:03 AM
 #360

Obviously, trading isn't for beginners. But how can the beginners trade if they're not going to try, right? And that's why if they're going to try it, they should be aware that it is not going to go accordingly to what they're thinking. And as usual, they should expect the least with their trading results because it's not the perfect thing the newbies can do. Most of you guys will fail and just as we when we've started to trade. That's fine, the learning experience is such a great gain and your mind is also upgrading because you're able to take more risk.

If a beginner doesn't try to trade they'll never become a professional trader. All professional traders started from beginners therefore beginners don't have to be discouraged from learning how to trade. What beginners should be discouraged from is trading through future but for spot trading, every individual that have learnt how to do it can begin trading. I'm a beginner in trading and I'm still learning how to trade from my mentor. As I'm learning I'm already practicing and winning but not all the time. Trading can be be done by everyone that has an interest in learning how to trade therefore everyone can become a trader. A beginner can use training to make money that he can use for investing and doing other things that he feels like doing. Trading isn't very hard to learn therefore before we begin to trade we should learn everything about trading from a reliable mentor.
Everyone starts on being a noob and just like we do know that everyone cant really be an all-knowing kind of being on which they would really be directly be knowledgeable into a particular thing specially into those thing that they are getting involved with. Once you are a noob then you would really be normally be passing up into those losing conditions or moments about getting those mistakes on which we know that this is something very normal.
Its true that you wont really be that become a professional if  you wont really be tending to go or learn with your own. Of course it would really be that just part on having those loses along the way.

As the time that you are already gaining up enough experience and skills then this is where you would really be seeing that you are really that progressing and this is something that will be resulting into that good
percentage when it comes to profitability. Everything would really be just that depending on how well you do make up some trades because if you cant be able to adapt or simply being versatile
then you would really be having a hard time on handling up yourself towards this market.

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April 06, 2024, 03:55:47 AM
 #361

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

It's crystal clear why people lose money in trading, and it's because of lack of knowledge, and they actually don't know that in trading, you get only what you deserve, if you are good in the craft, you will definitely be profitable, but if you are not or you have no knowledge about it, you will be getting liquidated time without numbers.

People have failed to understand that it's near impossible be profitable if you have no knowledge about trading, because you will definitely be making outrageous decisions, which to me , I called it anti trading and with that, in no distance time, you will get liquidated,  so in other to be successful in trading, it's very important that you go for knowledge first, because that is the key, and so that you will know what is required of you on how to navigate your way in the market and come out profitable.
Before trading a beginner needs to have a basic understanding that trading and earning profit is not an easy thing. In your statement you clearly mean that people fail in trading due to lack of knowledge yes it is correct. For trading you need to educate yourself in previous trading education and gain enough experience about trading then start trading. If one does not know about trading and gets greedy and trades in the hope of making profit, then he can sometimes end up in loss. You will find that there are many new traders who trade by watching others or guessing but they have no experience in trading. Those who trade on the advice or guesswork of others have never succeeded.

If beginners want to start trading then they should start with a small amount of money so that even if they lose that money they don't incur huge losses. Market volatility and market analysis need to be correct before trading. Beginners need to have the mindset to deal with greed, emotion and stress when trading.

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April 06, 2024, 01:53:16 PM
 #362

Before trading a beginner needs to have a basic understanding that trading and earning profit is not an easy thing. In your statement you clearly mean that people fail in trading due to lack of knowledge yes it is correct. For trading you need to educate yourself in previous trading education and gain enough experience about trading then start trading. If one does not know about trading and gets greedy and trades in the hope of making profit, then he can sometimes end up in loss. You will find that there are many new traders who trade by watching others or guessing but they have no experience in trading. Those who trade on the advice or guesswork of others have never succeeded.
The concept is that we must understand that trading does not always produce profits and it is no exception for people who are experienced. The difference is that people who are experienced know how to restore losses in previous trading so that they can run trading in a simple and easier way to control. Trade does require knowledge so that people can avoid the risk of excessive loss and knowledge will give them a much better picture of trade.

There is no successful trade because it depends on the guess and not the way to get involved in it. Trading will be much more risky if someone does not have knowledge about it. Therefore, before trading people should learn the right way so that they have the right way to be involved in trade.

If beginners want to start trading then they should start with a small amount of money so that even if they lose that money they don't incur huge losses. Market volatility and market analysis need to be correct before trading. Beginners need to have the mindset to deal with greed, emotion and stress when trading.
That is a way to avoid losses for people who do not have knowledge about trading. Starting trading in small amounts of money makes them much better prepared to face the risk of loss and they can learn to develop trading skills if seen directly. A beginner must have the ability to avoid greed and emotions because it is very important to pay attention.

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April 06, 2024, 04:48:22 PM
 #363

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

It's crystal clear why people lose money in trading, and it's because of lack of knowledge, and they actually don't know that in trading, you get only what you deserve, if you are good in the craft, you will definitely be profitable, but if you are not or you have no knowledge about it, you will be getting liquidated time without numbers.

People have failed to understand that it's near impossible be profitable if you have no knowledge about trading, because you will definitely be making outrageous decisions, which to me , I called it anti trading and with that, in no distance time, you will get liquidated,  so in other to be successful in trading, it's very important that you go for knowledge first, because that is the key, and so that you will know what is required of you on how to navigate your way in the market and come out profitable.

If the experts are still trying to get earnings, especially the novice traders who enter this cryptocurrency, It seems like it's just common sense; even those who already know trading still make mistakes, especially those who know little.

That's why it's still important to study somehow so that we have knowledge and understanding of the actual trading activity that we will do. But if you're just starting out, it's not really advisable to jump right into the actual trade.

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April 06, 2024, 04:53:02 PM
 #364

Indeed, learning the process and keeping all the knowledge that you gathered while you are investing small amount of your money,  there's no instant benefits or something that would change your life not unless you become lucky and manage to invest with a certain hypes but on the regular basis,  trading is a business where patience is needed,  not good if you have that greed inside you but if you have that capabilities to handle the pressure there's always a big chance that you'll be able to generate pretty decent benefits,  more on handling the risk and the potential as a beginner.

Patience is the key to success in trading and sooner you learn this skill better it is for you. If you see previous price chart of Bitcoin then it's very much clear that real benefit comes if you invest and wait for longer duration. There are not many success stories of short term investment because of price volatility of Bitcoin. The simple rule for success in Bitcoin investment is not how much you invest but for how long you are willing to wait.
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April 06, 2024, 11:05:17 PM
 #365

Obviously, trading isn't for beginners. But how can the beginners trade if they're not going to try, right? And that's why if they're going to try it, they should be aware that it is not going to go accordingly to what they're thinking. And as usual, they should expect the least with their trading results because it's not the perfect thing the newbies can do. Most of you guys will fail and just as we when we've started to trade. That's fine, the learning experience is such a great gain and your mind is also upgrading because you're able to take more risk.

While there are techniques that give you an overview of trading without investing any money like paper trading. But it's important to understand that real experience comes when you jump in with real cash. So one can't learn trading without investing money and its also impossible to avoid loses at very beginning. The solution to this deadlock is start with small amount or something you can afford to lose. Don't jump in with huge capital. 
Yup, the real money should come with real cash and trading. Those paper trading or demo accounts are purposely made for testing them and for the newbies to be familiarized with how trading works. If someone starts out of nothing and literally from zero, it will take time for them to understand the whole concept of the highly volatile markets that they're trading such as with the crypto market.



 

 

 

 

 

 


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April 07, 2024, 09:27:14 AM
 #366

Patience is the key to success in trading and sooner you learn this skill better it is for you. If you see previous price chart of Bitcoin then it's very much clear that real benefit comes if you invest and wait for longer duration. There are not many success stories of short term investment because of price volatility of Bitcoin. The simple rule for success in Bitcoin investment is not how much you invest but for how long you are willing to wait.

Patience is very much necessary and if one says that he has patience and he doesn't think about ups and downs then it is also wrong thing because for getting profit it is necessary to look towards the market chart so you can make decision according to the market and your target.

It is important to wait longer in case of bitcoin investment but it will also be profitable if you sell your bitcoin during each Bull season and then again wait for bear season to accumulate more so you will be more profitable by adopting such techniques.



 

 

 

 

 

 


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WatChe
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April 07, 2024, 03:32:23 PM
 #367

Patience is very much necessary and if one says that he has patience and he doesn't think about ups and downs then it is also wrong thing because for getting profit it is necessary to look towards the market chart so you can make decision according to the market and your target.

It is important to wait longer in case of bitcoin investment but it will also be profitable if you sell your bitcoin during each Bull season and then again wait for bear season to accumulate more so you will be more profitable by adopting such techniques.

The selling is subjective thing and may vary from person to person. It's not necessary that you sell your Bitcoin's in every bull run, if you do that then you are surly missing bigger piece of cake. The first thing in Bitcoin investment is to get your desired number of Bitcoins and then you can think of selling your bitcoins. There is excellent tool developed by Bitmover that is based on JJG (JayJuanGee) Sustainable Bitcoin Withdrawal Strategy, the beauty of this tool is that it tells you how much Bitcoins you can withdraw.

https://bitcoindata.science/withdrawal-strategy
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April 07, 2024, 11:07:56 PM
 #368

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

No it not the right time for such person, he should be more patient to learn from scratch to advance before he ever think of risking his money.
Lol, it's funny how most persons think they can make money off the market without having a solid knowledge.

As far I know Knowledge comes before one can earn when it comes to trading or any skill at all. What you have to do is to guide him till you are satisfied that he has assimilated everything been taught. And he should also know that trading is about being patient and discipline, and not a quick money making scheme.

He  can also  apply for Mentorship programme, were he will be guided, and be with the right community to sharpen his knowledge.


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April 08, 2024, 12:05:31 AM
 #369



While there are techniques that give you an overview of trading without investing any money like paper trading. But it's important to understand that real experience comes when you jump in with real cash. So one can't learn trading without investing money and its also impossible to avoid loses at very beginning. The solution to this deadlock is start with small amount or something you can afford to lose. Don't jump in with huge capital. 
Yup, the real money should come with real cash and trading. Those paper trading or demo accounts are purposely made for testing them and for the newbies to be familiarized with how trading works. If someone starts out of nothing and literally from zero, it will take time for them to understand the whole concept of the highly volatile markets that they're trading such as with the crypto market.

Right which means we have to admit that the presence of a demo account really helps us, especially beginners who are still in the learning stage or the adaptation stage with something new they see, they can use a demo account to learn about the basic concepts of trading as well as how to use some features to help analyze such as indicators or others, because obviously if for example as you say which if a beginner has to really start the learning stage completely from scratch without any idea then obviously it will be very difficult and take longer, even just to learn the basic concepts or nature of the market, not to mention other things that are much more complicated. But overall the demo account will only be useful to give you the understanding and knowledge that it is the market with its various properties and fluctuations that you will trade when you have entered the real account, because the real experience is when you have entered the real account where you trade with real money and you will feel a lot of pressure on your mental and psychological because of the fear of the risk of loss.

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April 08, 2024, 06:24:03 AM
 #370

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

No it not the right time for such person, he should be more patient to learn from scratch to advance before he ever think of risking his money.
Lol, it's funny how most persons think they can make money off the market without having a solid knowledge.

As far I know Knowledge comes before one can earn when it comes to trading or any skill at all. What you have to do is to guide him till you are satisfied that he has assimilated everything been taught. And he should also know that trading is about being patient and discipline, and not a quick money making scheme.

He  can also  apply for Mentorship programme, were he will be guided, and be with the right community to sharpen his knowledge.



Knowledge leads to make a good earnings, it applies to most venue of investments and businesses, the more you engage yourself and the more you know how things works the better opportunities that opened for you to succeed, it's not just an easy access to make a fortune but with dedications and focus it's acheivable to most who really wanted to have a good success from their chosen venue of investment.

Trading is for those who wanted to have a continuous learning and not jsut for those who wanted to have a short-cut to make money it can turned the other side and instead of making money, you'll lose a lot.

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April 08, 2024, 09:24:30 AM
 #371


It's crystal clear why people lose money in trading, and it's because of lack of knowledge, and they actually don't know that in trading, you get only what you deserve, if you are good in the craft, you will definitely be profitable, but if you are not or you have no knowledge about it, you will be getting liquidated time without numbers.

...

it's true that most of those who lose on trading are those who trade with the wrong mindset, where they enter the market without good knowledge and they play with high leverage. they think that trading is very easy and anytime they can make money from it, but unfortunately what happens is that their trading plan is wrong and in the end they lose big from it.

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April 08, 2024, 12:00:59 PM
 #372


It's crystal clear why people lose money in trading, and it's because of lack of knowledge, and they actually don't know that in trading, you get only what you deserve, if you are good in the craft, you will definitely be profitable, but if you are not or you have no knowledge about it, you will be getting liquidated time without numbers.

...

it's true that most of those who lose on trading are those who trade with the wrong mindset, where they enter the market without good knowledge and they play with high leverage. they think that trading is very easy and anytime they can make money from it, but unfortunately what happens is that their trading plan is wrong and in the end they lose big from it.

True, I agree with you on this issue, which I see lately quite a lot of beginners who come without bringing any preparation, they come and get involved without being based on qualified knowledge and knowledge that will be the basis for consideration in terms of making decisions to open trades and all because they are too focused on profit opportunities that they think are easy to get when obviously if you already know about how to trade surely you will say that making profits in trading is not easy.

Opening a trade with a high level of risk such as using high leverage means that the possibility of risk will also be very high. Misunderstanding from the start about how trading works to really be profitable is a concern in this case, they think that making a profit is not difficult, even though sometimes traders who already have high flying hours or who are experienced are still often trapped in loss situations and even they find it difficult to really make consistent profits, especially those who are still beginners. So it's only natural that in the end losses dominate.

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April 08, 2024, 01:18:33 PM
 #373


It's crystal clear why people lose money in trading, and it's because of lack of knowledge, and they actually don't know that in trading, you get only what you deserve, if you are good in the craft, you will definitely be profitable, but if you are not or you have no knowledge about it, you will be getting liquidated time without numbers.

...

it's true that most of those who lose on trading are those who trade with the wrong mindset, where they enter the market without good knowledge and they play with high leverage. they think that trading is very easy and anytime they can make money from it, but unfortunately what happens is that their trading plan is wrong and in the end they lose big from it.

It's also not about the knowledge but mostly the experience necessary for trading. Because the market is not always how it was portrayed in a course or a book. Most of the time you cannot understand it. So you need experience. You need to encounter different market sentiments in different market seasonality. If you do have the experience, then you have an advantage. If you don't have the experience d then can't you be profitable? No. If your system happens to be profitable in the right market condition, then you can make more money at least play at break even as a beginner.

When you are just starting, you cannot simply expect yourself to be making more amount of money. You just need experience and build right mindset along with it.

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April 08, 2024, 05:31:23 PM
 #374

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

Honestly, the whole idea of trading with no background knowledge sounds pretty daunting to me. It’s a bit like hearing about a shortcut to a treasure but not having a map or even knowing how to read one. I’ve seen folks around me get super excited about trading, thinking it’s a fast track to making money, but I’m more cautious.

I started peeking into some beginner resources, and there’s a lot more to it than just guessing which way the market will swing. It’s complex, and from what I gather, it involves a fair bit of strategy and understanding market signals, not just luck or following a hunch about whether prices will go up or down.


It's crystal clear why people lose money in trading, and it's because of lack of knowledge, and they actually don't know that in trading, you get only what you deserve, if you are good in the craft, you will definitely be profitable, but if you are not or you have no knowledge about it, you will be getting liquidated time without numbers.

...

it's true that most of those who lose on trading are those who trade with the wrong mindset, where they enter the market without good knowledge and they play with high leverage. they think that trading is very easy and anytime they can make money from it, but unfortunately what happens is that their trading plan is wrong and in the end they lose big from it.

It's also not about the knowledge but mostly the experience necessary for trading. Because the market is not always how it was portrayed in a course or a book. Most of the time you cannot understand it. So you need experience. You need to encounter different market sentiments in different market seasonality. If you do have the experience, then you have an advantage. If you don't have the experience d then can't you be profitable? No. If your system happens to be profitable in the right market condition, then you can make more money at least play at break even as a beginner.

When you are just starting, you cannot simply expect yourself to be making more amount of money. You just need experience and build right mindset along with it.

True, its like you’re not just learning to trade, you’re learning to navigate the market’s ever-changing moods. The idea that we could still find our footing, maybe even break even or snag a profit under the right conditions, is pretty encouraging. It shows there’s a silver lining for us beginners as we’re collecting these experiences and slowly but surely crafting our trading mindset. Each trade teaches us something new, helping us grow beyond just the aim of making money. Its about becoming savvy traders, one step at a time.
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April 08, 2024, 10:22:36 PM
 #375

Yup, the real money should come with real cash and trading. Those paper trading or demo accounts are purposely made for testing them and for the newbies to be familiarized with how trading works. If someone starts out of nothing and literally from zero, it will take time for them to understand the whole concept of the highly volatile markets that they're trading such as with the crypto market.

Right which means we have to admit that the presence of a demo account really helps us, especially beginners who are still in the learning stage or the adaptation stage with something new they see, they can use a demo account to learn about the basic concepts of trading as well as how to use some features to help analyze such as indicators or others, because obviously if for example as you say which if a beginner has to really start the learning stage completely from scratch without any idea then obviously it will be very difficult and take longer, even just to learn the basic concepts or nature of the market, not to mention other things that are much more complicated. But overall the demo account will only be useful to give you the understanding and knowledge that it is the market with its various properties and fluctuations that you will trade when you have entered the real account, because the real experience is when you have entered the real account where you trade with real money and you will feel a lot of pressure on your mental and psychological because of the fear of the risk of loss.
Using a demo account is a common practice nowadays. Before it was like a real thing that you have to experience everything with plain cash and you bear the losses that comes from it. But this time, you can have these tests and trials for your own convenience whether you think that you'd be good and you'll be able to make some real money afterwards. So, it's up to the trader as a beginner on how he's going to see himself and judge based on what he's got whether he's good or not yet.



 

 

 

 

 

 


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April 09, 2024, 02:45:36 AM
 #376

This is logical because if a person is not well versed in trading then he can never make good profit. If he does not get good experience in trading and if he is ignorant about the market, then he will not profit, but his money will be more likely to lose. But here some time depends on luck and can gain small amount but most of the time he has to lose money. Since that person doesn't know how to analyze the market well and doesn't have much experience with candlesticks, he can lose his money at any time. That's why I would say first he needs to get education about trading and know the market better when he gets good experience and start trading on his own. But if he trades without understanding then it is not good for him at all, that's why he should learn to analyze the market before trading then he can profit by trading.

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April 09, 2024, 04:53:29 PM
 #377


It's crystal clear why people lose money in trading, and it's because of lack of knowledge, and they actually don't know that in trading, you get only what you deserve, if you are good in the craft, you will definitely be profitable, but if you are not or you have no knowledge about it, you will be getting liquidated time without numbers.

...

it's true that most of those who lose on trading are those who trade with the wrong mindset, where they enter the market without good knowledge and they play with high leverage. they think that trading is very easy and anytime they can make money from it, but unfortunately what happens is that their trading plan is wrong and in the end they lose big from it.

It's also not about the knowledge but mostly the experience necessary for trading. Because the market is not always how it was portrayed in a course or a book. Most of the time you cannot understand it. So you need experience. You need to encounter different market sentiments in different market seasonality. If you do have the experience, then you have an advantage. If you don't have the experience d then can't you be profitable? No. If your system happens to be profitable in the right market condition, then you can make more money at least play at break even as a beginner.

When you are just starting, you cannot simply expect yourself to be making more amount of money. You just need experience and build right mindset along with it.

     It's like learning how to drive a car; you can't immediately hold the steering wheel without knowing the basics; you have to know that first. You can't drive a car right away without
even a basic idea.

     So it's the same with trading: learn the basics first, and when we know the basics, if you really can't stop yourself from doing an actual trade right away, you can try it right away as
long as it's a small amount first. That's the only thing that will happen because you don't really have an idea about trading; it will be the basis of your trading. You will guess what the price of the coin is because you don't know anything about reading the chart on the graph.

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April 09, 2024, 05:44:39 PM
 #378

Yup, the real money should come with real cash and trading. Those paper trading or demo accounts are purposely made for testing them and for the newbies to be familiarized with how trading works. If someone starts out of nothing and literally from zero, it will take time for them to understand the whole concept of the highly volatile markets that they're trading such as with the crypto market.

Right which means we have to admit that the presence of a demo account really helps us, especially beginners who are still in the learning stage or the adaptation stage with something new they see, they can use a demo account to learn about the basic concepts of trading as well as how to use some features to help analyze such as indicators or others, because obviously if for example as you say which if a beginner has to really start the learning stage completely from scratch without any idea then obviously it will be very difficult and take longer, even just to learn the basic concepts or nature of the market, not to mention other things that are much more complicated. But overall the demo account will only be useful to give you the understanding and knowledge that it is the market with its various properties and fluctuations that you will trade when you have entered the real account, because the real experience is when you have entered the real account where you trade with real money and you will feel a lot of pressure on your mental and psychological because of the fear of the risk of loss.
Using a demo account is a common practice nowadays. Before it was like a real thing that you have to experience everything with plain cash and you bear the losses that comes from it. But this time, you can have these tests and trials for your own convenience whether you think that you'd be good and you'll be able to make some real money afterwards. So, it's up to the trader as a beginner on how he's going to see himself and judge based on what he's got whether he's good or not yet.
For familiarity then i would say that demo would really be that relevant but in overall learning and making yourself that be able to enhanced then i wouldnt really be that sticking into demo trading.
Whenever you've seen that you are making well on demo trades, then as soon as possible then you should really be doing those live trades or something that you do make use of real money into your trades because
making up trades without having something that being risks is really that not making you better because you would really be that confident since you are risking nothing. One of the main things on why people cant really be able to make improvements just because they dont want to have that risks taking. On the time that theyve seen their demo trading is fine and profitable then on the time that they do make out some real trading with real balance then everything would really be changing up. Totally different when you do make out trades with actual balance and this is something which is really that you can tell the difference.

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April 09, 2024, 07:09:54 PM
 #379

This is logical because if a person is not well versed in trading then he can never make good profit. If he does not get good experience in trading and if he is ignorant about the market, then he will not profit, but his money will be more likely to lose. But here some time depends on luck and can gain small amount but most of the time he has to lose money. Since that person doesn't know how to analyze the market well and doesn't have much experience with candlesticks, he can lose his money at any time. That's why I would say first he needs to get education about trading and know the market better when he gets good experience and start trading on his own. But if he trades without understanding then it is not good for him at all, that's why he should learn to analyze the market before trading then he can profit by trading.

Actually trading is for everyone and everyone has the opportunity to achieve success in the world of trading and if we talk about beginners, don't all traders, especially those who are now successful, start from a beginner who doesn't know anything at all? of course, meaning that a person's best achievements in the world of trading depend on how they go through the process of their trading journey, if for example they really have a strong intention and determination to learn then surely over time they will also have a lot of useful experience to develop their knowledge which will lead them to better results or achieve big profits.

Trading is always about the opportunity to gain profits and the possibility of experiencing losses, although having a lot of experience cannot make you completely avoid the possibility of loss but at least by having a development in terms of experience as a result of your hard work in learning then the possibility of loss will be minimized, so in essence this is a matter of time to gain a lot of experience and also a matter of intention and strong determination in terms of learning to gain a lot of knowledge.

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April 09, 2024, 08:59:07 PM
 #380

Using a demo account is a common practice nowadays. Before it was like a real thing that you have to experience everything with plain cash and you bear the losses that comes from it. But this time, you can have these tests and trials for your own convenience whether you think that you'd be good and you'll be able to make some real money afterwards. So, it's up to the trader as a beginner on how he's going to see himself and judge based on what he's got whether he's good or not yet.
You're right, it is a common way to use demo account but not everyone wants to try demo account. Some people prefer real trading, they can get the basic information about trading through YT video. However, it is always using small funds when it is the first time trading. This is also the right way, people want to get real experience in real trading. If they use demo account, they won't get real experience. However, it totally depends on the individual of the beginner whether they think demo account is needed or not.  Wink

So it's the same with trading: learn the basics first, and when we know the basics, if you really can't stop yourself from doing an actual trade right away, you can try it right away as long as it's a small amount first.
If we have learned the basic things, it is okay to begin real trading. Sure, always remember to use small funds. The focus is to get experience and be more familiar with trading. When we are beginners, we don't expect too much on earning huge profits.



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April 09, 2024, 10:45:10 PM
 #381

Using a demo account is a common practice nowadays. Before it was like a real thing that you have to experience everything with plain cash and you bear the losses that comes from it. But this time, you can have these tests and trials for your own convenience whether you think that you'd be good and you'll be able to make some real money afterwards. So, it's up to the trader as a beginner on how he's going to see himself and judge based on what he's got whether he's good or not yet.
You're right, it is a common way to use demo account but not everyone wants to try demo account. Some people prefer real trading, they can get the basic information about trading through YT video. However, it is always using small funds when it is the first time trading. This is also the right way, people want to get real experience in real trading. If they use demo account, they won't get real experience. However, it totally depends on the individual of the beginner whether they think demo account is needed or not.  Wink
Yes, no doubt that there are newbies that want to do it with real trading and that's why they're all good with losing money as they start because they have no control over it. They are learning on a quicker phase if they do that and that's the reason why they're doing everything they can as they keep up with how they're building their strategies when they start. Nothing wrong whether demos or real money, the important thing is you're learning and trying to be good at it.



 

 

 

 

 

 


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April 10, 2024, 01:24:50 PM
 #382

Using a demo account is a common practice nowadays. Before it was like a real thing that you have to experience everything with plain cash and you bear the losses that comes from it. But this time, you can have these tests and trials for your own convenience whether you think that you'd be good and you'll be able to make some real money afterwards. So, it's up to the trader as a beginner on how he's going to see himself and judge based on what he's got whether he's good or not yet.
You're right, it is a common way to use demo account but not everyone wants to try demo account. Some people prefer real trading, they can get the basic information about trading through YT video. However, it is always using small funds when it is the first time trading. This is also the right way, people want to get real experience in real trading. If they use demo account, they won't get real experience. However, it totally depends on the individual of the beginner whether they think demo account is needed or not.  Wink
Yes, no doubt that there are newbies that want to do it with real trading and that's why they're all good with losing money as they start because they have no control over it. They are learning on a quicker phase if they do that and that's the reason why they're doing everything they can as they keep up with how they're building their strategies when they start. Nothing wrong whether demos or real money, the important thing is you're learning and trying to be good at it.
Everyone starts on being a noob on which it would really be just that a common approach that they would really be having that kind of mindset on trying to fast track on everything because they are excited on making money or making profits with real trading, until they would really be able to face up the real thing on the the that they would really be able to experience that harshness of this market. Everyone starts on being a noob.
We cant really be able to tell whether this one is good for them or not, you wont really be able to know not until you would really be trying it for yourself. We do start on being a noob so it would be a normal
approach that we do believe that it was easy but in reality its never been that easy and this is where you would really be making out adjustments.

One things for sure that its never been that easy for you to deal with. Its not something that you cant be able to handle or get it directly or a short time period. So it would really be just that normal
that there would be those wrong assumptions from the start.

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April 10, 2024, 04:17:28 PM
 #383

Using a demo account is a common practice nowadays. Before it was like a real thing that you have to experience everything with plain cash and you bear the losses that comes from it. But this time, you can have these tests and trials for your own convenience whether you think that you'd be good and you'll be able to make some real money afterwards. So, it's up to the trader as a beginner on how he's going to see himself and judge based on what he's got whether he's good or not yet.
You're right, it is a common way to use demo account but not everyone wants to try demo account. Some people prefer real trading, they can get the basic information about trading through YT video. However, it is always using small funds when it is the first time trading. This is also the right way, people want to get real experience in real trading. If they use demo account, they won't get real experience. However, it totally depends on the individual of the beginner whether they think demo account is needed or not.  Wink
Yes, no doubt that there are newbies that want to do it with real trading and that's why they're all good with losing money as they start because they have no control over it. They are learning on a quicker phase if they do that and that's the reason why they're doing everything they can as they keep up with how they're building their strategies when they start. Nothing wrong whether demos or real money, the important thing is you're learning and trying to be good at it.
I strongly disagree with you. There is a whole lot that is wrong for a newbie to start with a real account, I will never advise anyone to try that unless they are just prepared to lose money senselessly. The demo account is the right account for the beginners and they must get to a certain level of professionalism before they can start introducing themselves to a live account for their money safety. Although this is not advice binding for everyone, especially those smart ones who can be determined to use the live account for training but with a ridiculously lose risk. Even at that, I prefer the cent account for this kind of beginners because they might think that they will be able to cope with the low risk in trading with the live account but emotion may creep in at any time to force them into acting against their initial plans and losing more than what they bargained for.

I've heard enough stories about trading. I mean stories that are good, bad and ugly, and among them, the most disastrous are those of the new beginners that are headstrong, they are too confident believeing that they know it all just because the market was favourable when they started. They could be tempted, deceived and hardened to the extent that they would even add more money, but in the end, they will lose everything. Even if they invest again, they will still lose it. This is why it is good beginners are wise, the Management and Psychology are key here in beginning. It take time before you develop them properly and be on top of your game. Why not wait instead of wasting money?

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April 10, 2024, 05:46:20 PM
 #384

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

Trading can be a rewarding venture, but it's crucial for beginners to approach it with caution. The financial markets are complex and can be volatile, making them challenging for newcomers. It’s important to start with a solid foundation of knowledge, understanding the basics of the markets, different trading strategies, and risk management techniques. Many experts recommend beginning with a demo account to practice without financial risk. Additionally, investing in education and possibly seeking guidance from more experienced traders can be incredibly beneficial. In summary, trading can be good for beginners if approached thoughtfully, with a commitment to learning and a clear understanding of the risks involved.

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April 10, 2024, 07:20:17 PM
 #385

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

Trading can be a rewarding venture, but it's crucial for beginners to approach it with caution. The financial markets are complex and can be volatile, making them challenging for newcomers. It’s important to start with a solid foundation of knowledge, understanding the basics of the markets, different trading strategies, and risk management techniques. Many experts recommend beginning with a demo account to practice without financial risk. Additionally, investing in education and possibly seeking guidance from more experienced traders can be incredibly beneficial. In summary, trading can be good for beginners if approached thoughtfully, with a commitment to learning and a clear understanding of the risks involved.

Yes trading will be able to provide us with benefits, especially having additional income if we treat trading activities in accordance with what is recommended by common sense, because obviously when from the beginning you understand the whole world of trading then I am sure that you will not be too inclined to think about how to make a profit but you also will not dare to ignore the risk management aspect because after all trading is always about decision-making activities that involve risk.

Usually people who come with too much stimulated by the profits achieved by others then they will usually be more inclined to the profits alone without paying attention or even preparing something very important to minimize or prevent the occurrence of dominating and significant losses which in the end yes obviously market fluctuations will trap them in many losses. Yes that's right, the first step that beginners should do is to learn about the basic concepts of the world of trading, how to trade, learn strategies, prioritize risk management and also have good money management and self-control, because this is what will allow you to make profits along with being able to prevent you from the possibility of significant risk. A demo account can be a great alternative for initial basic learning to understand the market situation as well as understanding all the features of the trading platform, and my opinion is that you will have a chance to achieve your goal of success when you treat trading the right way and avoid all the restrictions and also do not forget to work hard and always be consistent in learning.

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April 10, 2024, 08:53:02 PM
 #386

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

Trading can be a rewarding venture, but it's crucial for beginners to approach it with caution. The financial markets are complex and can be volatile, making them challenging for newcomers. It’s important to start with a solid foundation of knowledge, understanding the basics of the markets, different trading strategies, and risk management techniques. Many experts recommend beginning with a demo account to practice without financial risk. Additionally, investing in education and possibly seeking guidance from more experienced traders can be incredibly beneficial. In summary, trading can be good for beginners if approached thoughtfully, with a commitment to learning and a clear understanding of the risks involved.

Yes trading will be able to provide us with benefits, especially having additional income if we treat trading activities in accordance with what is recommended by common sense, because obviously when from the beginning you understand the whole world of trading then I am sure that you will not be too inclined to think about how to make a profit but you also will not dare to ignore the risk management aspect because after all trading is always about decision-making activities that involve risk.

Usually people who come with too much stimulated by the profits achieved by others then they will usually be more inclined to the profits alone without paying attention or even preparing something very important to minimize or prevent the occurrence of dominating and significant losses which in the end yes obviously market fluctuations will trap them in many losses. Yes that's right, the first step that beginners should do is to learn about the basic concepts of the world of trading, how to trade, learn strategies, prioritize risk management and also have good money management and self-control, because this is what will allow you to make profits along with being able to prevent you from the possibility of significant risk. A demo account can be a great alternative for initial basic learning to understand the market situation as well as understanding all the features of the trading platform, and my opinion is that you will have a chance to achieve your goal of success when you treat trading the right way and avoid all the restrictions and also do not forget to work hard and always be consistent in learning.

yes, and I can add one more perspective, another critical dimension that often goes underappreciated is the psychological aspect of trading. The emotional rollercoaster that traders can experience, especially when faced with the volatile highs and lows of the market, can significantly impact decision-making. It’s not just about having a solid strategy and understanding the technical aspects, it’s also about managing your emotions and staying disciplined.

For instance, the fear of missing out (FOMO) can drive traders to make hasty decisions, entering trades at inopportune moments simply because they see others making profits. Conversely, fear of loss can lead to holding onto losing positions for too long, hoping the market will turn in their favor. These emotional responses can derail even the most meticulously planned strategies.

Therefore, cultivating emotional resilience and discipline is as crucial as developing technical expertise.

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April 10, 2024, 08:54:29 PM
 #387

Well, lets say it like this, starting to trade without prior knowledge is possible but comes with significant risks, especially for newbies. While the potential for profit exists, the financial markets are complex and can be unforgiving. It's crucial for beginners to approach trading with caution, dedicating time to learn about the markets, understand risk management, and gradually develop a solid trading strategy. Jumping in without this foundation can lead to substantial financial losses. Therefore, it’s important to start with small, affordable investments and prioritize education and practice, possibly through simulation trading, before committing substantial funds.
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April 10, 2024, 10:24:59 PM
 #388

Yes, no doubt that there are newbies that want to do it with real trading and that's why they're all good with losing money as they start because they have no control over it. They are learning on a quicker phase if they do that and that's the reason why they're doing everything they can as they keep up with how they're building their strategies when they start. Nothing wrong whether demos or real money, the important thing is you're learning and trying to be good at it.
I strongly disagree with you. There is a whole lot that is wrong for a newbie to start with a real account, I will never advise anyone to try that unless they are just prepared to lose money senselessly.
You can disagree with me but it's the reality that I have seen in real life newbies trying to enter trading with real money. That's what they think is the best for them and I think that they won't do it recklessly. Me as a newbie before, I didn't try any of these demo accounts but went for real trading.

Everyone starts on being a noob on which it would really be just that a common approach that they would really be having that kind of mindset on trying to fast track on everything because they are excited on making money or making profits with real trading, until they would really be able to face up the real thing on the the that they would really be able to experience that harshness of this market. Everyone starts on being a noob.
Facing the real thing in trading is what they think is the right approach. In our opinion, there's a different and better way but that's us and not them. Who are we to stop those newbie traders if they want to go ahead and trade asap with real money, right?



 

 

 

 

 

 


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April 10, 2024, 10:37:05 PM
 #389

Facing the real thing in trading is what they think is the right approach. In our opinion, there's a different and better way but that's us and not them. Who are we to stop those newbie traders if they want to go ahead and trade asap with real money, right?
Indeed, novice traders tend to be like that, they are very eager to immediately start their real trading. Even without trading experience it would be very risky to do. If novice traders have an instructor who provides guidance at the beginning, it might not be a problem to just learn and try. but if they only see it from channels or videos it will be very difficult to control.

I believe that beginners who want to trade are because of fomo or hype that is currently happening in the market. and it makes beginners think that making money from trading is very easy.

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April 10, 2024, 11:24:05 PM
 #390

Facing the real thing in trading is what they think is the right approach. In our opinion, there's a different and better way but that's us and not them. Who are we to stop those newbie traders if they want to go ahead and trade asap with real money, right?
Indeed, novice traders tend to be like that, they are very eager to immediately start their real trading. Even without trading experience it would be very risky to do. If novice traders have an instructor who provides guidance at the beginning, it might not be a problem to just learn and try. but if they only see it from channels or videos it will be very difficult to control.

I believe that beginners who want to trade are because of fomo or hype that is currently happening in the market. and it makes beginners think that making money from trading is very easy.
Their experience is going to be better if they have a mentor but many of them just starts out even without having one. So, they're learning from their own but it's like walking in the cave without that light at the end of it. That's the hard way and many does that and those that have an instructor or mentor, they're lucky because there is someone or many of them that guide them with how they trade and giving the market insights and strategies about candles, bars, etc.



 

 

 

 

 

 


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April 10, 2024, 11:45:15 PM
 #391

Indeed, novice traders tend to be like that, they are very eager to immediately start their real trading. Even without trading experience it would be very risky to do. If novice traders have an instructor who provides guidance at the beginning, it might not be a problem to just learn and try. but if they only see it from channels or videos it will be very difficult to control.

Some beginner do not have mentors or teachers that teach them how to become trader and be trading very well, they learn how to trade on their own but do not see the mistakes that they are getting. They think that they can learn without the help of other individual that already have the experiience to guide them so they do not make mistakes that will make them to lose money I want to be very good at trading and I am still learning from my mentor despite having gotten some lessons that I can use to start making money on my own. Trading is good for every individual that knows how to trade very well and can make profits. You can be a beginner but you are making profits therefore you do not have to stop trading. Only people that do not have luck when they start trading that should not be trading

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