Is trading good for beginners?

[jostorres]

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

Well, there are a lot of ways to earn money here in cryptos not just in trading. If one avoids or doesn't like it then they can always do investing. There is also staking, lending and maybe gambling? Though this one is a little bit riskier than trading but if you have a good skills, experience, and knowledge especially in sports betting then it could work similar to trading.

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

[Questat]

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

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

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

It seems not to work as he wanted it to. We can't disclose the fact that trading knowledge is very important in trading. If we wanted to succeed and earn a profit, we should invest time in learning how it works. Newbies could start trading but I don't encourage that to anyone, it was still in the best position to have at least knowledge about basic trading and gradually improve it. But in the case of your friend, as he put all his savings into this stuff, that is definitely not a good idea. He instead start for small amount while still the process of learning, it is too risky for his situation as a newbie.

[DiMarxist]

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

Well, there are a lot of ways to earn money here in cryptos not just in trading. If one avoids or doesn't like it then they can always do investing. There is also staking, lending and maybe gambling? Though this one is a little bit riskier than trading but if you have a good skills, experience, and knowledge especially in sports betting then it could work similar to trading.

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

It's possible because some people learn fast and some are looking,when they at how trade earn money,they will do it and she/he will profits more than you and he /she haven't learnt it before.but just for eye looking she/he capture it and start to do it. And some people when tell them with with your mouth, they heard it and put in mind and start to do it,and when see them and ask them, they told you that you have already told what to do how to start and you will be very surprised.and there are some people learn fast in a day, there are some that takes them a weeks,there are some that takes them a months,and there are some that takes them a year.etc

[tvplus006]

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

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

[Oshosondy]

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

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

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

[Sakanwa]

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

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

Once again thanks for the advice my lovely people.

[_BlackStar]

-snip-

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

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

[jrrsparkles]

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

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

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

Without knowledge, its impossible to be successful as s trader for over the period of time so tell him to learn about trading and aspects of technical as well as fundamental analysis then start doing it with 100 dollars and let him to decide whether he can continue or not.

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

[sujonali1819]

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

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

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

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

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

[AakZaki]

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

[rhomelmabini]

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

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

He/she can trade but winning on those trades would probably be out of a sheer luck. Everything starts as a beginner and it's apparent even on geniuses but on trading with no prior experience would be a fool's idea to burn his portfolio. I've been there and it was an expensive mistake thinking I have it all to be a great trader but end up losing all of it in just a day thinking I have what it takes to trade especially on leverage trading.

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

[Falconer]

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

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

[palle11]

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

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

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

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

[goaldigger]

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

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

[Lanatsa]

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

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

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

Just let those people who do start up trading without having knowing about those risks because sooner or later they would really be able to realize on whats the risks involved with trading crypto.
It isnt really just something that you could really easily deal with.Yes, it is really just a matter whether the candle is going up or down or simply red or green but the main question on here is
on how you would be able to consider on making your position?

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

[el kaka22]

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

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

[kawetsriyanto]

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

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

[Bushdark]

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

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

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

Learning is what makes us a good trader whether we are ready to learn or not. There is no way you can trade successfully without learning the art of trading. You need to learn how people get to understand the market with a single look. There are so many strategies for us to make us of and it is until we understand the market before we start using them.

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

[Kelvinid]

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

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

[Issa56]

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

I think it's better you go back and meet the person and tell him not to start trading with everything he/she is having. Firstly in Cryptocurrency always invest or trade with any amount you can afford to lose, even if you are a professional always investing what you can afford to lose, so I believe a newbie should be extra careful, if you want to start trading as a beginner, you have to trade with just little amount, I see no reason why you should trade with all your savings, that's rubbish.

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

I think you don't also know about trading, if you really know about trading you should know the appropriate answer to give the person and you don't have to ask the question here again. A newbie can definitely learn how to trade, but he/she should be ready to learn, also he/she should trade with just little amount. We a started as newbie, even professional trader's started as newbie.