Is trading good for beginners?

[irhact]

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.

[Unbunplease]

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).

[xSkylarx]

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

[GigaBit]

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.

[|MINER|]

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.

[jeraldskie11]

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.

[nara1892]

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.

[octobuzz]

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.

[omgitsmehehe]

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.

[martyns]

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.

[jossiel]

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.

[kawetsriyanto]

~ 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.

[jeraldskie11]

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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.

[lienfaye]

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.

[bangjoe]

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.

[martyns]

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.

[ancafe]

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.

[Forever101]

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

[Wolfblood200$]

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

[Fivestar4everMVP]

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.