Is trading good for beginners?

[Kasabus]

no I don't think so, trading quite honestly is a lot more difficult than just investing. it requires tremendous effort in just creating some profits out of your trading that I think even some veteran aren't really cut it to be traders. the thing is, by trading you should create some series of good decision in order to make your trading succesfull and you're quite literally gonna be against the whales that most of the time manipulates. If you think you are smart enough to go against then wave then you can try, but always know that trading honestly really difficult if you want consistency in creating the profit. luck also have huge factor in determining your success honestly.

Luck is also essential in trading but it’s knowledge and skills that should be prioritized first. Without them, a trader may only lose his money and waste his time and effort. That is the reason why beginners are advised not to trade unless they are ready to lose, and most especially they already have background about trading and how it will be profitable. Trading is hard and quite complicated as there are a lot of factors to consider before trading, so one must trade only if he is mentally, emotionally and financially ready.

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[Zilon]

Can someone who has never learnt how to talk, walk or eat do any of this things. The answer is obviously no the same applies to trading. It is either one becomes a trader or a gambler in the market and there is nothing like little knowledge when it comes to trading. To succeed in trading it entails steady research and studying even when the foundation is solid.

The worst way to trade is to follow candle sticks blindly, maybe enter a buy order because the candle is green and moving up or sell order because the candle is moving down and it is red. There are mechanisms that controls this candle stick and every candle on all the time frame tell a story of a long and short term trend. It is better to learn the act of trading than try things out using imaginations and expectations.

[justdimin]

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.

Unfortunately it is the truth, there isn't anything we could do to make those people understand that it requires a lot of time and patience in order to study and be a lot better.

Most of the time the learning curve is a bit tricky on most subjects, you can learn more than most people in a matter of days, at most a few weeks, doesn't matter what the topic is, but in order to master it you should be able to spend months and months on it, and that creates the trouble, being better than almost everyone aside from masters, and yet not reaching that master level for so long, makes it harder to put time into it and just want to do it and test their skills, which ends up in a loss.

[Vaculin]

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?

Beginners are free to trade if they really want to but we can’t expect for beginners to win over the market and make significant profits. They only trade mostly with greed, yet they still end up making mistakes and inevitable losses. The reason why beginners are not advise to trade even if they have high passion in trading. However, once they gained enough knowledge in trading, they can start trading but they should also gain more experiences too so they can hone their skills in trading and eventually make successful trades.

[Marvell1]

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?

Beginners are free to trade if they really want to but we can’t expect for beginners to win over the market and make significant profits. They only trade mostly with greed, yet they still end up making mistakes and inevitable losses. The reason why beginners are not advise to trade even if they have high passion in trading. However, once they gained enough knowledge in trading, they can start trading but they should also gain more experiences too so they can hone their skills in trading and eventually make successful trades.

Trading is complex and unpredictable, if you just learn the theory without practice, you won't be able to get the full experience nor gain experience. So, in my opinion, newbies can still trade and combine knowledge at the same time, both practice and learning knowledge will help them absorb and learn faster.
I like what Kasabus said: when you are mentally, emotionally, and financially ready, you can start trading. Knowledge and experience will be created during your trading.

[lixer]

Luck is also essential in trading but it’s knowledge and skills that should be prioritized first. Without them, a trader may only lose his money and waste his time and effort. That is the reason why beginners are advised not to trade unless they are ready to lose, and most especially they already have background about trading and how it will be profitable. Trading is hard and quite complicated as there are a lot of factors to consider before trading, so one must trade only if he is mentally, emotionally and financially ready.

Trading is like sports betting because sports betting mainly involves knowledge and skills but if you will still lose your bets then it only translates that you don't have that little pinch of luck. Sports betting is a kind of gambling but trading can be like a gambling too if one will just trade blindly and won't learn the fundamentals of it.

As a beginner in trading I think this was still acceptable and we shouldn't think about the money and time that we spend with it or the ones that we lose. We shouldn't say that they are useless because how can we build experience if don't make a mistake? We even have the saying that mistakes are the best teacher.

[Pandu Geddon]

Trading is complex and unpredictable, if you just learn the theory without practice, you won't be able to get the full experience nor gain experience. So, in my opinion, newbies can still trade and combine knowledge at the same time, both practice and learning knowledge will help them absorb and learn faster.
I like what Kasabus said: when you are mentally, emotionally, and financially ready, you can start trading. Knowledge and experience will be created during your trading.

most beginners even try trading first instead of learning and understanding how trading is done in the market. but what you said is right, those who have studied with a lot of knowledge should also try to gain enough experience. some exchanges provide a demo account. it can be done for those who are not strong enough financially. but it's pretty good for trying to apply learned skills. but to get a more convincing sensation, trading with small capital can be done. trading will not always be profitable, and we will also sometimes lose.

[John Abraham]

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 trade and be profitable in it?

The answer is simple as hell. No. Trading is not rocket science. But, it's not easy as well. If you know that you cannot drive a car, why would you buy a car in the first place? You have learned at some point if you want to drive a car. So, why not learn how to drive first and then buy a car?

Well, you can learn how to drive even after you buy the car but who knows? You may hit your new car during the learning process. So, it would be better if you learn first and then do it practically. There are a lot of trading platforms available that offer demo balances to try their platform. Your friend should try them first and learn how to trade. When he will see that he is confident, he can try with real money.

[virasisog]

Trading is complex and unpredictable, if you just learn the theory without practice, you won't be able to get the full experience nor gain experience. So, in my opinion, newbies can still trade and combine knowledge at the same time, both practice and learning knowledge will help them absorb and learn faster.
I like what Kasabus said: when you are mentally, emotionally, and financially ready, you can start trading. Knowledge and experience will be created during your trading.

most beginners even try trading first instead of learning and understanding how trading is done in the market. but what you said is right, those who have studied with a lot of knowledge should also try to gain enough experience. some exchanges provide a demo account. it can be done for those who are not strong enough financially. but it's pretty good for trying to apply learned skills. but to get a more convincing sensation, trading with small capital can be done. trading will not always be profitable, and we will also sometimes lose.

We've all became beginners in trading and we can say our adapted knowledge from different resources through our research will not be applicable unless we try applying it in actual trading. Yes, experience is necessary for is to learn more. Not all strategies and market analysis could be learned through self-study but they could be acquired from our trading experiences.
Trading could be for everyone but we have to keep in mind that not everyone could get rich or be successful in trading because not everyone could handle its risks.

[Marvell1]

Trading is complex and unpredictable, if you just learn the theory without practice, you won't be able to get the full experience nor gain experience. So, in my opinion, newbies can still trade and combine knowledge at the same time, both practice and learning knowledge will help them absorb and learn faster.
I like what Kasabus said: when you are mentally, emotionally, and financially ready, you can start trading. Knowledge and experience will be created during your trading.

most beginners even try trading first instead of learning and understanding how trading is done in the market. but what you said is right, those who have studied with a lot of knowledge should also try to gain enough experience. some exchanges provide a demo account. it can be done for those who are not strong enough financially. but it's pretty good for trying to apply learned skills. but to get a more convincing sensation, trading with small capital can be done. trading will not always be profitable, and we will also sometimes lose.

It is best not to use a demo account because it does not give a real feeling, start with a small capital for the best experience. As a newbie, don't think about how much profit you will make but think about how to minimize the loss. I have a friend who is a forex trader, my friend once told me one thing, in the first 2 years, don't think about profit, but never give up every time you lose. What my friend said is correct, in the first years, I never made a profit, but after many years I was able to make a profit from forex. Trading is a long journey, to achieve success, we need to persevere, and not give up every time we fail.

[Mpamaegbu]

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.

That person actually set themselves up for failure. How do you dabble into something you don't have the faintest idea of? Was it because it's trading which is often erroneously believed to be an all comers affair? It's like going to fly an airplane without the requisite knowledge for doing that. You will definitely crash and die. No two ways about it. Trading shouldn't be treated with levity. It's a professional job and should be treated with the same respect we accord other professional jobs in medicine, law, engineering, journalism, etc.

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.

My above comment also answers to this 👆

[Cryptmuster]

The worst way to trade is to follow candle sticks blindly, maybe enter a buy order because the candle is green and moving up or sell order because the candle is moving down and it is red. There are mechanisms that controls this candle stick and every candle on all the time frame tell a story of a long and short term trend. It is better to learn the act of trading than try things out using imaginations and expectations.

This is already more like gambling than trading, but this is a market and for someone to win, someone needs to lose. Probably all successful traders lost money before they started making money. Before learning to ride a bike, each of us fell repeatedly, so we learn something new. In order to succeed in something, you need to learn a lot, it's all too individual, and I believe that there is a desire, then you can achieve any goal you set.

[jokers10]

Beginners are free to trade if they really want to but we can’t expect for beginners to win over the market and make significant profits. They only trade mostly with greed, yet they still end up making mistakes and inevitable losses. The reason why beginners are not advise to trade even if they have high passion in trading. However, once they gained enough knowledge in trading, they can start trading but they should also gain more experiences too so they can hone their skills in trading and eventually make successful trades.

Trading with virtual assets is usually boring so many start trading real assets while learning. And if not to do it like professionals and to try to start learning with a couple of bucks or any amount you spend on entertainment and which is not big for the family budget it is both fun and educational. Of course couple bucks trading is totally different than a couple of million backs trading but as for beginning it can be not so bad IMO.

[Oceat]

The worst way to trade is to follow candle sticks blindly, maybe enter a buy order because the candle is green and moving up or sell order because the candle is moving down and it is red. There are mechanisms that controls this candle stick and every candle on all the time frame tell a story of a long and short term trend. It is better to learn the act of trading than try things out using imaginations and expectations.

This is already more like gambling than trading, but this is a market and for someone to win, someone needs to lose. Probably all successful traders lost money before they started making money. Before learning to ride a bike, each of us fell repeatedly, so we learn something new. In order to succeed in something, you need to learn a lot, it's all too individual, and I believe that there is a desire, then you can achieve any goal you set.

I believe trading isn't always a win-win situation once you learn to trade it's not like that. There's always a time where you lose to a trade but what matters most is how much winning and profit you have. But of course, it's not that simple because you have to have an experience and knowledge of trading first before you get there.

Trading like gambling isn't gonna last long and it's fastest way to lose all of your funds. Unless, if you are trading to learn them you need to at least use the funds that you can afford to lose. Learn every possible strategy and make your own that would work when you are trading.

[Viscore]

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 you will follow the basic rule in trading, beginners should gain sufficient knowledge first before thinking on making profits from trading. Because trading is hard and difficult, so trading without knowledgeable in the first place will only end up into committing mistakes and losses. That is why trading is not advisable for beginners because they will only mess up in trading and waste their money and time knowing they never get the right concept in trading. Although trading is for everybody, but not everyone is expected to find profits and fortune in trading.

[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?

If you will follow the basic rule in trading, beginners should gain sufficient knowledge first before thinking on making profits from trading. Because trading is hard and difficult, so trading without knowledgeable in the first place will only end up into committing mistakes and losses. That is why trading is not advisable for beginners because they will only mess up in trading and waste their money and time knowing they never get the right concept in trading. Although trading is for everybody, but not everyone is expected to find profits and fortune in trading.

Knowledge is a vital thing we need in trading and we should not just simply think that it is easy to skip and do actual trading without this stuff. People who come and do trading like this will certainly fail. It should be kept in our mind that we can lose our money if we are too careless in trading, how much more if we don't even know the basic of it - that is worse than I think. So for newbies, instead of being aggressive to trade, better make aggressive first to know at least the basics in trading as this is the ticket to success.

[shinratensei_]

no I don't think so, trading quite honestly is a lot more difficult than just investing. it requires tremendous effort in just creating some profits out of your trading that I think even some veteran aren't really cut it to be traders. the thing is, by trading you should create some series of good decision in order to make your trading succesfull and you're quite literally gonna be against the whales that most of the time manipulates. If you think you are smart enough to go against then wave then you can try, but always know that trading honestly really difficult if you want consistency in creating the profit. luck also have huge factor in determining your success honestly.

Luck is also essential in trading but it’s knowledge and skills that should be prioritized first. Without them, a trader may only lose his money and waste his time and effort. That is the reason why beginners are advised not to trade unless they are ready to lose, and most especially they already have background about trading and how it will be profitable. Trading is hard and quite complicated as there are a lot of factors to consider before trading, so one must trade only if he is mentally, emotionally and financially ready.

agreed that knowledge and skills should be prioritized,regardless things might change as the time goes and as the trading strategy evolves, there were many cases of technical analysis being used by whales to misled the general small traders which causes these small traders to lose, the whales that quite literally holds huge amount of coin themselves could easily find the general small traders weak spot by using technical analysis and dump when the small traders think the value gonna rise from their TA, i'd say one should also care the fact that there are whales with huge influence that they could be going against and therefore gives them slim chance of winning.

[blockman]

Being profitable without having an understanding of the whole thing? Well, if we're going to talk about luck, there could be around 0.1% of it.
But honestly, someone who's jumps into the ocean without any lifevest would result in drowning and that's what will happen to that person. Getting into trading with wholly zero knowledge on it is likely to learn the lessons in the hardest possible way and with his life savings? That's a dumb idea to test the waters.

[NicNacCoin]

OP I would like to know if the person you quoted traded on a futures trading platform? I think he was trading on a futures trading platform. And expressed to you all the regrets of his victims. My point is that one who has no knowledge about trading is better not to trade. One can never trade on a trading platform with zero knowledge. As a result, you always fall victim. People who think trading platform is too easy to trade end up losing on trading platform. Although trading with guesses may be profitable at first, most of the time they will end up losing. So I mean never trade with zero knowledge be it new or old.

[bettercrypto]

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 an investor who enters the crypto trading industry does not know of it, he only has capital, he is called a "Gambler" not a trader. He just depends on luck to earn the amount of money he will use. That means he can do that, but the risk is high because the investor is gambling with his investment.

    Apart from that, he also knows in himself that there is also a high possibility that he will lose his investment in crypto trading. Then he should not have regrets about losing his capital because most cryptocurrencies are volatile.