Is trading good for beginners?

[cryptoWODL]

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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[MarjorieZimmermanGinger]

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.

[benalexis12]

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.

[WatChe]

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.

[batang_bitcoin]

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.

[AnonBitCoiner]

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.

[WatChe]

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

[Bravut]

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.

[Dewi Aries]

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.

[Fredomago]

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.

[moneystery]

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.

[Jody.Drummer]

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.

[Natsuu]

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.

[fikrett]

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.

[batang_bitcoin]

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.

[Out of mind]

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.

[Ben Barubal]

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.

[stomachgrowls]

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.

[Jody.Drummer]

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.

[kawetsriyanto]

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.  

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.