Is trading good for beginners?

[abel1337]

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.

[Ryker1]

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.

[Jody.Drummer]

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.

[Reatim]

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 .

[Fesatmas]

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.

[xSkylarx]

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

[Iranus]

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.

[cydrix]

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.

[bitgolden]

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.

[Sakanwa]

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?

[Nrcewker]

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.

[|MINER|]

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.

[slashz9]

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.

[Stable090]

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.

[LastKiss]

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.

[jokers10]

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.

[Munir575]

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.

[Sakanwa]

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!!.

[GigaBit]

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.

[Inwestour]

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.