Is trading good for beginners?

[petulino]

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.

[Sebas.tian]

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.

[MFahad]

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.

[Dickiy]

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.

[Flexystar]

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.

[Altryist]

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.

[Romeotom]

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.

[Sterbens]

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.

[uswa56]

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.

[Dessy88]

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.

[topbitcoin]

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.

[Fredomago]

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.

[|MINER|]

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.

[petulino]

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.

[Pandu Geddon]

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.

[MFahad]

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.

[ZAINmalik75]

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.

[ananyabushra]

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.

[Fredomago]

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.

[Bitcoin_people]

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.