Is trading good for beginners?

[irhact]

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 not hard, nothing is hard when you know what you're doing. The problem is that people don't know how to trade and haven't learnt it yet they want to trade and that's when it becomes hard and they end up losing all their capitals and any profit that they have previously gotten out of luck. Nobody should be relying on luck when it come to trading. Trading isn't gambling and anybody seeing it as that is lost.

Luck shoudn't be a factor for any skills that needs learning like trading. Luck is needed in our everyday life but we must put in the work and preparation so when the opportunities comes we can take the chances. Newbie should never be trading if they haven't learnt how to do so effectively and gotten some demo practice that won't cost them any real lost.

[kotajikikox]

if he is ready to risk everything ? then why not right? but the problem here is that how could you trade if you have no idea at all mate and for God sake this is our money that needs to be earn or gone then why not?

better to try using Trading Bot first before bringing your money inside mate this is how we can save our money since in the end? we will be the loser here if not be careful .

[John Abraham]

if he is ready to risk everything ? then why not right? but the problem here is that how could you trade if you have no idea at all mate and for God sake this is our money that needs to be earn or gone then why not? better to try using Trading Bot first before bringing your money inside mate this is how we can save our money since in the end? we will be the loser here if not be careful .

Why not learn how to trade before he starts with real money?
Currently, many platforms offer demo balance to start trading as a demo and learn how to trade. Even Bot won't be able to make a profit for you if you cannot instruct what to do. Right? I won't suggest anyone risk his everything even if he wants to risk it. Sometimes people make decisions out of frustration.

Sometimes we gamble in casinos and place max bet in the hope of winning the bet. After the session, we realized that was our biggest mistake. Sometimes luck prefers, and you can win the bet. But, The chances are not 100%. This is not how we should suggest people risk their money even if they are ready to spend it.

As I said before, Trading is not rocket science. You don't have to spend years learning it. Just spend a few weeks/months, and you will know how to do it. Then start with real money.

[stadus]

if he is ready to risk everything ? then why not right? but the problem here is that how could you trade if you have no idea at all mate and for God sake this is our money that needs to be earn or gone then why not? better to try using Trading Bot first before bringing your money inside mate this is how we can save our money since in the end? we will be the loser here if not be careful .

Why not learn how to trade before he starts with real money?
Currently, many platforms offer demo balance to start trading as a demo and learn how to trade. Even Bot won't be able to make a profit for you if you cannot instruct what to do. Right? I won't suggest anyone risk his everything even if he wants to risk it. Sometimes people make decisions out of frustration.

Obviously, that person underestimates trading and so does the market volatility. Not actually hard to learn trading but too unfortunate that they just think it will work too easily and neglect to see the risk in doing something that we never know. Yes, most exchanges offer a demo account to newbies as a playground to learn and it was enough prior to actual trading. In fact, learning the basics about trading never takes so long so it is impossible we can't just spend for this. Because if we wanted to grow and become a successful trader, we must also invest first into learning prior to starting otherwise regrets and failure is only what we get in the end.

[SOKO-DEKE]

Trading involves risk and necessitates extensive education before one can become successful. In actuality, even those with expertise in certain markets and trading strategies lose money. So it wouldn't be a good idea to jump into trading without knowing anything about it and hoping for luck to make it work. A novice would do well to steer clear of trading until they could learn more about it. I don't think the cryptocurrency industry works that way, so we shouldn't be too eager to make quick money. Many people who you see on the internet who claim they make money through trading have been playing the game for many years, and many of them are once again lying.

[AnonBitCoiner]

All traders are first beginners and with the passage of time they become a successful trader but the hard work will become a cause of your achievements. lacking of good and useful information regarding of courses of trading will be dangerous for you production of money.

If a person is participating in crypto trading then he should first understand that how people become able to get profit and what are the risks associated with the trading and how to cope with these risk factors.

Trading is easy to initiative but get successful result in trading is not easy and not everyone understands properly about it so therefore understanding is key point for becoming a better person for trader.

[Woodie]

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.

Rule number one about trading,if you don't have the skill do yourself a favour and don't trade!
If you choose to be stubborn about it chances are high that you will actually lose more money than you would want to win.

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.

Beginners luck you mean, without skill you definitely have a 50% chance of getting you first profitable trade but after that to survive you require skill.

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 sounds like guess work and I will discourage your friend from going this route, trading requires skill, discipline, patience and a good reading of technical analysis to navigate your way around the charts.

[RealMalatesta]

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.

There are plenty of people who could be considered gamblers in the crypto world, and I mean literally tens of thousands of people if not more. Because, they both put in money that they can't afford to lose, which is already gambling because if you lose it then you are screwed, but also they do not study how to trade and then they end up losing money that way as well.

Both of these makes you a gambler and not a trader and yet unfortunately there are tons of people who do not make any type of changes at all. I believe that we shouldn't be focusing on something this small, it really doesn't make any sense to me at all to gamble this way when you can do it normally.

[Hyphen(-)]

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.

Is possible for him to gain even without having the basic knowledge about trading as you said it's a game of luck so he might be lucky, but he actually made the wrong decision to jump into trading without basic knowledge.

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?

Because of the risk involved, your friend must have some basic knowledge of cryptocurrency in order to know what to do while trading. You should also advise him to invest the amount he/she can afford to lose so that when the market goes down, he has some money to use while waiting for the market to recover.

[freedomgo]

There's a reason why a huge majority of people lose tremendous amounts of money with trading — simply because it's not easy and it's definitely not for everyone.

Seriously, trading is overrated. Go get a job or start a business instead. Unless you want to grind for more than a year and shoulder the losses while you're still learning.

And with this realization, it’s obvious that trading is not good for beginners as trading would only end up as a mess. Trading is not easy, and it should be learned the hard way, and I think beginners are not capable to dominate in trading until they become knowledgeable and skilled in it. And with significant experiences that will make them better trader, then most likely that these traders will gain more profits rather than seeing them consistently making mistakes and end up losing their capital.

[GeorgeJohn]

first of all if he doesn't know anything about trading , i think its not a good idea at all . because if he trades without any knowledge he might lose all his saving money . If your financial status is not exhausted but put into trading without knowledge of anything. I expect from a large amount of money to be reduced to 0  ever. The world of trading is quite cruel. ทางเข้าคาสิโน

I concur to your idea, in trading it have a strategies and that strategies have to do with your understanding in trading, sometimes while some people experience a mega lose during trading it's because they have not peruse into trading and understand the skill, a trading is a skill and when you are unable to understand the rudiments you will end up of making Lost always, you most learn the basic things concerning trading before you can excel in trading. So those who jumped in into trading always complain of it's Lost.

[tjtonmoy]

There's no way a beginner with little to no knowledge can be profitable from trading. Even the professional trades taking loss. How can you profit without any knowledge. He can be profitable in some situation out of pure luck or just by gambling his way through the price movement. But it is more likely not to happen every single time. Anyone who is in trading business, needs proper knowledge about it. I think his future is dark if he continues to trade like this. No profit but only loss.

[Sakanwa]

And I a case were the beginner have a little knowledge on trade and still losses,in what category will you place such a person.what will you have to say to such beginner that has little knowledge and still losses?
Should such person or beginner still continue or stop patani the current situation he or she is facing on trading.

[Fivestar4everMVP]

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?

The guy is better off gambling, because to me, trading without any knowledge on how trading works is no different from gambling, Infact, it is very possible that he could be more successful in gambling than trading.
Trading involved a good amount of risk, and it's not meant for novices, this is why some trading apps have a demo part where new traders are encouraged to sign up, trade with unreal money for some time before moving on to a live account where they can trade with real money, loss in trading is real, encourage your friend to learn how to trade first before venturing in to it, to avoid stories that touches the heart.

[kotajikikox]

if he is ready to risk everything ? then why not right? but the problem here is that how could you trade if you have no idea at all mate and for God sake this is our money that needs to be earn or gone then why not? better to try using Trading Bot first before bringing your money inside mate this is how we can save our money since in the end? we will be the loser here if not be careful .

Why not learn how to trade before he starts with real money?
Currently, many platforms offer demo balance to start trading as a demo and learn how to trade. Even Bot won't be able to make a profit for you if you cannot instruct what to do. Right? I won't suggest anyone risk his everything even if he wants to risk it. Sometimes people make decisions out of frustration.

Sometimes we gamble in casinos and place max bet in the hope of winning the bet. After the session, we realized that was our biggest mistake. Sometimes luck prefers, and you can win the bet. But, The chances are not 100%. This is not how we should suggest people risk their money even if they are ready to spend it.

As I said before, Trading is not rocket science. You don't have to spend years learning it. Just spend a few weeks/months, and you will know how to do it. Then start with real money.

Bot or free trading demo will not help us becoming best trader instead we need to lose and spend our money first as this will be your teacher to not do the same mistake again and again.
though it is best interest of all new traders to learn with safeties but the thing here is that trading is an area in which all of us need to risk before earning.

[John Abraham]

if he is ready to risk everything ? then why not right? but the problem here is that how could you trade if you have no idea at all mate and for God sake this is our money that needs to be earn or gone then why not? better to try using Trading Bot first before bringing your money inside mate this is how we can save our money since in the end? we will be the loser here if not be careful .

Why not learn how to trade before he starts with real money?
Currently, many platforms offer demo balance to start trading as a demo and learn how to trade. Even Bot won't be able to make a profit for you if you cannot instruct what to do. Right? I won't suggest anyone risk his everything even if he wants to risk it. Sometimes people make decisions out of frustration.

Sometimes we gamble in casinos and place max bet in the hope of winning the bet. After the session, we realized that was our biggest mistake. Sometimes luck prefers, and you can win the bet. But, The chances are not 100%. This is not how we should suggest people risk their money even if they are ready to spend it.

As I said before, Trading is not rocket science. You don't have to spend years learning it. Just spend a few weeks/months, and you will know how to do it. Then start with real money.

Bot or free trading demo will not help us becoming best trader instead we need to lose and spend our money first as this will be your teacher to not do the same mistake again and again.
though it is best interest of all new traders to learn with safeties but the thing here is that trading is an area in which all of us need to risk before earning.

You don't have to be the best trader to start trading. Right?
You have to know how to trade and where to trade. I am not talking about bot trading here. I don't suggest bot trading as it won't help you to learn trades. I do not agree that you must lose your money to learn to trade, and it will teach you the best lesson. If you are a billionaire, that's a different case. But, On an online platform, You shouldn't suggest such things.

Surely demo balance and demo trades help newbies how to do it. Even some casinos offer demo tokens to test their games. Some of them offer faucets for their games. Did you see when a new medicine invent, researchers never test them on a human at the beginning? They try it on other animals first. You don't have to lose to learn something. I respect your opinion. But, I don't agree with you.

[jokers10]

You don't have to be the best trader to start trading. Right?
You have to know how to trade and where to trade. I am not talking about bot trading here. I don't suggest bot trading as it won't help you to learn trades. I do not agree that you must lose your money to learn to trade, and it will teach you the best lesson. If you are a billionaire, that's a different case. But, On an online platform, You shouldn't suggest such things.

Surely demo balance and demo trades help newbies how to do it. Even some casinos offer demo tokens to test their games. Some of them offer faucets for their games. Did you see when a new medicine invent, researchers never test them on a human at the beginning? They try it on other animals first. You don't have to lose to learn something. I respect your opinion. But, I don't agree with you.

Of course you are right, it is much better to learn in a training version of an exchange, but how many people will do so? Maybe couple of hours or days and it is definitely not enough to be experienced trader but then they'll anyway start trading at a real market, in majority. So IMO we should not only give advice for in case of an ideal situation, but for as they'll more likely will do. And IMO it is good to say them to use not more money for trading than they are ready to spend on entertainment, because they'll lose their deposit in 99,9% cases very soon. And even after that a majority of them will hardly use a a training version for long enough.

[Sakanwa]

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.

Is possible for him to gain even without having the basic knowledge about trading as you said it's a game of luck so he might be lucky, but he actually made the wrong decision to jump into trading without basic knowledge.

How about after been in some of the class in trading and you still fine out that you are still lossing what should be your advice to the person who is the victim of after b having the basic knowledge and still losses?

[MusaPk]

Of course you are right, it is much better to learn in a training version of an exchange, but how many people will do so? Maybe couple of hours or days and it is definitely not enough to be experienced trader but then they'll anyway start trading at a real market, in majority. So IMO we should not only give advice for in case of an ideal situation, but for as they'll more likely will do. And IMO it is good to say them to use not more money for trading than they are ready to spend on entertainment, because they'll lose their deposit in 99,9% cases very soon. And even after that a majority of them will hardly use a a training version for long enough.

No matter how much you read books or browse online resources the real experience of trading only comes when you start trading yourself. If you are losing money in your early days of trading then this its nothing to worry about. As almost all experienced traders have witnessed that in there early days. Make sure you don't invest too much if you don't have necessary experience of trading, that's a very common mistake made by new ones.    

[John Abraham]

You don't have to be the best trader to start trading. Right?
You have to know how to trade and where to trade. I am not talking about bot trading here. I don't suggest bot trading as it won't help you to learn trades. I do not agree that you must lose your money to learn to trade, and it will teach you the best lesson. If you are a billionaire, that's a different case. But, On an online platform, You shouldn't suggest such things.

Surely demo balance and demo trades help newbies how to do it. Even some casinos offer demo tokens to test their games. Some of them offer faucets for their games. Did you see when a new medicine invent, researchers never test them on a human at the beginning? They try it on other animals first. You don't have to lose to learn something. I respect your opinion. But, I don't agree with you.

Of course you are right, it is much better to learn in a training version of an exchange, but how many people will do so? Maybe couple of hours or days and it is definitely not enough to be experienced trader but then they'll anyway start trading at a real market, in majority. So IMO we should not only give advice for in case of an ideal situation, but for as they'll more likely will do. And IMO it is good to say them to use not more money for trading than they are ready to spend on entertainment, because they'll lose their deposit in 99,9% cases very soon. And even after that a majority of them will hardly use a a training version for long enough.

Sometimes we don't have to say or suggest everything to others. Even though we know that they will try the demo mode for a couple of hours only and then leave it. They will start trading with real money. But as wise people, we shouldn't suggest they start trading with real money on Day 1. When will they be veterans at some point and understand everything, they will there was a guy named joker10. He suggested start trading with real money even though there was a option to learn in demo modes. I believe you don't want to find yourself there.

Sometimes we know that scammers like 1xcrap won't stop doing their shitty business. Doesn't mean we won't ask them to stop or we won't ask signature participants to not promote them. Whoever want to promote them, they will do it even if they get tagged or whatever you do to them. They will continue.

No matter if they use the training version or not. You can always suggest them to try training mode with demo balance before they start trading with real money.