Is trading good for beginners?

[Cantsay]

[~snipped~]
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?

This doesn't only apply to trading but to every other aspect of life, if you lack of the knowledge of a certain things and then decide to indulge in it with the aim of getting profit from it without even trying to first get the knowledge that you lack you're only going to end up with everything gone. So if you or your friend go into trading without the appropriate knowledge needed the first thing that you or your friend should strive for first once you start trading is to gain experience and also learn how the market work. I know sometimes some newbies with beginners luck tend to do pretty well and because of that they feel that there's no more need to learn about it and at the end they'll leave with nothing in their pocket.
Op, you first try to get the knowledge needed for trading and when you feel you've acquire enough knowledge then you can start trading with small funds (the amount that you can afford to lose) and before you know what's happening you'll be a pro. But just know that you're going to lose tons of money before then but if you're able to withstand then you can make it.

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[irhact]

Doing trading without complete knowledge is such a big risk for beginners. It's like you are applying for a job without any idea about the job description. For sure, your friend has the wrong mindset towards trading and only sees it as a way of earning without considering the risks.

You said it all correct, I think that his friend need help before he puts himself in a situation that he can't get out of and that spoils the whole hopes he had for the market. Before we engage ourselves in anything that involves making money, we should always realized that we can lose money as well so if we don't understand what we are getting involved in then we shoudn't proceed.

Learning how to trade can be done from the comfort of our homes as we have very good tutorial on YouTube and other streaming platforms that can give you a break down on how to trade. We also have previous traders selling courses that can help you but while you search for that, you should be careful to avoid been scammed.

[AicecreaME]

I'm confused about the question.

Like, everyone who just started trading is a beginner, even professional traders was once a beginner. But here's my take about this matter. Trading is not gonna be profitable unless you're willing to risk everything just to make yourself at the level where you could make profits. Trading is not a short term process, it is a very long term process depending on how much efforts you're putting to make yourself grow as a trader.

If you're thinking it could make anyone rich overnight, it is not. It's not that easy, it is complicated.

[Distinctin]

Anyone can trade yes, it's basic. Beginners can trade too, but don't expect a win, profit, and huge profit more often.
Most traders losses, even a pro traders do, how much more a mere beginners where they doesn't know the technicalities, how to read charts, always use emotion when trading. Especially we are talking about crypto trading ha? It may look like easy but it could hurt a lot.

Trading does not guarantee profits even for those who are veterans in this field. And most likely, trading results into losses that’s why we have to be skillful first before we start trading so that we can lessen the risk of losing too. However, I believe trading is open for everyone, even for beginners. As long as you have the sufficient capital to trade, then it’s good to go. But never expect that you will not endure losses along the way, as losses will happen to everyone but some just chose to learn more about trading and improve their trades, that’s why we have successful traders today.

[Tony116]

...We also have previous traders selling courses that can help you but while you search for that, you should be careful to avoid been scammed.

If newbies want to start trading, start with YouTube lessons, I think it is enough for them. Stay away from expensive courses because I believe that if someone has a secret or an exclusive method that can help them earn millions of dollars from the transaction, they will not need to sell courses to get money. Trading requires experience, not just an empty theory, so instead of using money to buy courses, use it to experience trading, and you will grow from it.

[mvdheuvel1983]

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?

Your friend is like the proverbial "child who wants to run before he walks." In fact, he's starting out on the wrong foot and risks losing all of his assets.

Why the rush, if I may ask? Why not count one before you count two?  Maybe he feels that trading is a way to get rich quick, but without the proper knowledge and strategy in place, he's in for a very rude shock. Every newbie trailer must be patient and it takes time to learn and earn unless he is in for the short run because with his strategy, he wouldn't even last a moment. No amount of luck will favour him.

[Peanutswar]

If the person want to engage into community of trading I guess better if they make seek a knowledge first regarding with the trading fundamentals by that they can now build a strong knowledge so they can make an execution properly we know trading is all about the knowledge, updated in news and at the same time strategy, if you have those there's a chance you can make a good profit, to the beginners ideal if they use the paper trading supported in the trading view.

[tvplus006]

If newbies want to start trading, start with YouTube lessons, I think it is enough for them. ..

As a rule, a beginner understands that he needs knowledge only when he loses his deposit. After all, according to a beginner, trading is not difficult at all. To do this, it is enough to buy at the minimum price and sell at the maximum. Only here it is impossible to determine where this minimum and where will be the maximum, without knowledge.
 

[death69]

Anyone can trade yes, it's basic. Beginners can trade too, but don't expect a win, profit, and huge profit more often.
Most traders losses, even a pro traders do, how much more a mere beginners where they doesn't know the technicalities, how to read charts, always use emotion when trading. Especially we are talking about crypto trading ha? It may look like easy but it could hurt a lot.

Trading does not guarantee profits even for those who are veterans in this field. And most likely, trading results into losses that’s why we have to be skillful first before we start trading so that we can lessen the risk of losing too. However, I believe trading is open for everyone, even for beginners. As long as you have the sufficient capital to trade, then it’s good to go. But never expect that you will not endure losses along the way, as losses will happen to everyone but some just chose to learn more about trading and improve their trades, that’s why we have successful traders today.

Tradin ain't no joke, its a game of probability. Even the dopest traders can catch Ls. But don't trip, those Ls aint failures, they're opportunites to learn and improv. As a trader myself, I've had my fair share of losses, but I'm different from the rest cuz I learn from my mistaks and level up my trades. You gotta have a solidd plan, manage your risks, and stick to the script, no matter whatt. And most importantly, don't let your feelings mess with your head when your tradin. I remember this one time I let my emotions run wild, and I made a move that cost me big time. Lookin back, it was hilarious, but it taught me to always stay focused and disciplined. So, for all you newbies out there, take it easy, start small, learn the game, and be patient. With time and practic, the profits will come rollin' in!

[YOSHIE]

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.

@Sakanwa, trading methods on the crypto market have many loopholes and ways you can do them, such as: Futures, Margin, daily, minutes and so on, in essence: return to yourself and include your trading knowledge, my advice, don't trade before you master a few things about crypto trading science, if you insist on doing without trading knowledge, just wait for all your money to lose in the online crypto market.

Considerations for beginners in the world of crypto.
* Make investments in the long term for beginners, before you master the science of trading, investing is lower risk than trading.

[Russlenat]

Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?

I guess it’s always a choice if you want to trade with no knowledge and skills in trading, as anybody is free to do trading as long as he want. But most likely, you will only trade to lose so it’s a disadvantage on your part. That is why beginner traders should gain first hand knowledge and some working strategies before they start trading, because trading is never easy and is always risky if you insist random trading. Besides, even professional traders still lose their money in trading, so how much more for a beginner who has no experience at all.

[nara1892]

I like the way you described what the OP was talking about, it's a very good yet simple comparison that can be easily understood. I still can't figure out why there are so many beginners who are braver than someone with experience, even if they don't have the knowledge. I don't know what was in their minds so they could do something they didn't even know what they were doing. Trading is not that simple, not just making entries and then taking profits, but there is a lot to learn, starting from understanding what trading is and something more complicated than that.

Because simply they are really that letting that greed inside them tolerate it out which they do believe that they could make themselves that rich out of trading.Yes, its possible
but it wont really be that good if you would really be having this kind of mindset on which would really make you that desperate or really in rush.We do know that trading isnt
something that you could able to bare and handle it out on few tries or on shortest time as possible.Sooner or later you would really be able to realize up things
that not how these things do works.

This indirectly returns to the mindset and stigma they have set within themselves.
Actually, seeing from this condition, it is really naive to keep thinking that this is an instant thing, but there are still many who do things like this, which actually backfires and it's like they are digging their own graves.

Indeed, in this case learning and trying is a good thing because experience can be gained from it, but in the condition they try without knowing the basics, this is not trading, but gambling in the hope that their instincts are really strong and win in that choice.

[gabbie2010]

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?

If trading is that easy every trader would have been a millionaire now, trading by mere watching candlesticks movement is more or less like gambling there are other analysis that needed to be acquired which includes candlestick patterns and Price Action in order to have an edge over the market, there is much knowledge and skills required to become a successful trader and this goes with good numbers of years trading to become consistent in making profit, therefore it's advisable to let that person know the risk involved in trading without any prior knowledge to avoid rekting the fund save for trading

[sana54210]

Anyone can trade yes, it's basic. Beginners can trade too, but don't expect a win, profit, and huge profit more often.
Most traders losses, even a pro traders do, how much more a mere beginners where they doesn't know the technicalities, how to read charts, always use emotion when trading. Especially we are talking about crypto trading ha? It may look like easy but it could hurt a lot.

The professional traders too lose, even some of professional traders may win more often but find themselves having bad luck because that is just trading. But anyone that follows the right step have the more tendency to have an overall win than loss. Fir beginners, they can trade too, but they should consider themselves s beginners and they should use just little amount of money that they can afford to lose because they are more likely to always lose as they continue to learn and having more experience in trading.

Just by looking at 2008 we could easily say that not only they lose, they could lose in a disaster level as well. We are talking about 800 billion dollar bail out, you know what you can do with that much money?

It is said that it was a "loan" that got repaid in 10+ years, but if you gave 800 billion dollar loans to people, they would have repaid it back eventually as well, that is not the point, or even if they didn't, that would have been money in the circulation helping people, instead of banks getting the money and the houses and then repaying eventually that way, made no sense at the time. So all in all, we all know that professional traders make a mistake too.

[Yamifoud]

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?

To trade without knowledge is not a good idea but this never stops them from deciding it as long as they also wanted to do it. But what went wrong with your friend is that he take all his savings into trading, a wrong move from a newbie who never had an experience in trading. I would say that you need to stop him and educate him first. He needs to know the consequences of his situation because in this case, I see that your friend is too confident that he can make it all good without minding the risk. Yet, he should consider that since he is a newbie and besides, he don't have knowledge in trading.

[Botnake]

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?

Definitely, not good. Beginners will only ruin their trades and lose their money because how could they win their trades if they don’t have even the basic knowledge and skills needed in trading. There should be a thorough research and study at first, that will develop newbies to adopt the right mindset in trading, otherwise newbies will only trade just for experience and never for profits. Although it’s a good thing too as experience will make a trader improve his performance, but it would be best if you trade both for experience and profits.

[Sakanwa]

Can a person be a trader without a general understanding of the financial markets? Is your friend ready to make the right decisions, have an understanding of market trends, and have the ability to manage risk and their own emotions? Well, in addition, to having the ability to adapt to changes in the market, All this and much more do not come in one day; experience and long practice are needed, which bring both mistakes and victories. Of course, if there is interest, it must be thoroughly studied, but one must be prepared that many ravines can be encountered along the way, which ultimately destroy the desire to trade.

Well I appreciate your advice but what then do you think will happen if he fails after getting all the basic things in line and still didn't get profit does it mean that his not fully thought or what.

[samcoin]

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.

Generally, it's impossible for a newbie to make continuous profit from trading. They might win once or twice by luck, but without knowledge, they won't be able to maintain the profit. On the other hand, if someone wants to join crypto currencies trading with no proper knowledge, they can hand their account over to an experienced trader through an API. This method is widely used in crypto, and I know some traders who make reasonable profit for others, then take their percentage of the profit.

[PX-Z]

Well I appreciate your advice but what then do you think will happen if he fails after getting all the basic things in line and still didn't get profit does it mean that his not fully thought or what.

In trading even you knew the basic things or the pro things it doesn't guarantee profit. There are lots of unexpected things that may happen. What you can always do is proceed with caution and lessen the damage if ever price falls using stop-loss and many others.

[Lida93]

Every legendary trader today was a beginner at some point, no one woke up one morning and became a good trader. So for you to excel in trading you have to give yourself to learning the basics of what trading entails, the psychological aspects of it and the  analytical, for it takes much more than just working on candlesticks to making a good trader and for a beginner candlesticks can be deceiving and misleading with possible fake out trend(candlestick), that can lead to drastic loss at a go.