Is trading good for beginners?

[Rigon]

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?

In fact, trading on the side of newbies becomes like a fortune. There must be some minimum experience for trading. When a newbie starts trading, if he doesn't get some experience, he won't be successful in trading. One must rely on his luck to make a profit. Whenever a person gains some experience in trading, he will automatically understand when to trade and when to sell the trade. So I think the surplus person you give should have at least some experience about trading.

[borovichok]

In fact, trading on the side of newbies becomes like a fortune. There must be some minimum experience for trading. When a newbie starts trading, if he doesn't get some experience, he won't be successful in trading. One must rely on his luck to make a profit. Whenever a person gains some experience in trading, he will automatically understand when to trade and when to sell the trade. So I think the surplus person you give should have at least some experience about trading.

The ultimate goal of every trader is to see their portfolio stock with massive earnings from trading positions. Setting up a trade is extremely simple if one has gone through the fundamental, technical training and gained knowledge of how the market functions. For beginners who are serious about making good profits from the market, trading is definitely advantageous. Losses occur because of the necessity of experience in the field; they are inescapable. A novice would suffer significant losses in the market in order to learn from them and avoid making the same mistakes again. In this field, luck also plays a role; it has sustained traders, and in essence, it also depends on risk management.

[Luzin]

In fact, trading on the side of newbies becomes like a fortune. There must be some minimum experience for trading. When a newbie starts trading, if he doesn't get some experience, he won't be successful in trading. One must rely on his luck to make a profit. Whenever a person gains some experience in trading, he will automatically understand when to trade and when to sell the trade. So I think the surplus person you give should have at least some experience about trading.

Those who do not start can never learn. Including trading, you will not be able to without trying. I would say good for a beginner because he can benefit if he continues to diligently learn to do that. It wouldn't be great if the newbie stopped before understanding. Because so far I've got more profit and it adds money to my family's living expenses. 
Of course, beginners will feel uncomfortable at first, but it is a process that they must go through to gain experience and then master trading.

[Renampun]

...
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?

trading is good for all people, especially beginners but trading without knowledge and skills is like someone walking in the middle of the desert without drinking water and food supplies. when I worked as a broker at a gold brokerage before, every day I met people who had a good economy and really wanted to be able to make a profit from trading but they were lazy to increase their knowledge and skills, this is what fraudulent brokers often take advantage of.

trading only relying on luck - trading only relying on friends' invitations - trading only based on FOMO will definitely end up with big losses. trading requires careful preparation - focus - consistency - persistence.

[Sweetbtc]

In my opinion someone who has zero experience of trading on any speculative market but claims to make money easily through trading is trying to fool the person in front. Those who have been trading for years know how the market works but not newbies.

There is no doubt that trading is not easy.Experience is very important for trading.But now newbies can also trade easily,And if the newbies say that they are making money easily through trading, it will not be wrong.Now there are many exchanges that provide great options for newbies with new features like copy trading and bot trading And this is a big change in the world of trading,in copy trading newbies can follow any best rank trader and earn daily basis by copy trading,Similarly, newbies with Bot trading can trade easily by setting the bot on auto.With this kind of copy trading and Bot trading, newbies can easily do daily trading without any experience.And without any experience newbies can earn very well

[bettercrypto]

Thanks for all the point that you all have shown me and I want to if a beginner after seeing the fall of the market system and Fear cut him away then never have to do it again because of fear of what has happened before, what will be your encouragement to such person the has the fear to trade but has the love for trade?

If you love trading, You don't need encouragement. All you need is the knowledge in trading and the confidence in making some trades. There are platforms who is offering paper trade or demo trades, You can practice there so there's no fear in losing some money. If your fear is failing or losing a trade even if there's no money involved, I think you need to overcome it as I believe that there are no trader who is perfect that is nailing every trade that the trader is doing. Failing or losing a trade is normal, What is important is the accuracy rate you have on trading. Fill yourself up with knowledge and you yourself will be the one who will engage yourself in trading.

I agree with what you said. Self-study seems to be what we need so that we can learn quickly in a short time. And that's because, in the trading demo, we can learn a lot there so that we can get used to it and also know what should and shouldn't be done.

      Because you can't immediately jump into even a trading platform that you don't even have any knowledge or idea of what you're getting into, it's difficult what you just heard or someone just encouraged you, this is not the right reason for you to enter the trading business.

[Mauser]

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?

Yes anybody can be profitable in trading, even someone who has no clue about trading can be lucky and invest in the right project. The question is how likely is it for the luck to stick around or is he going to lose his money eventually. I would recommend anybody that is interested in trading to first read about it and study to get some basic knowledge. This doesn't mean we need to spend years to learn everything, a few days and some good articles can teach the basics. After that I would recommend to start trading very small. Theory is one thing, even better is to already apply theory in practice and see how we are doing. As long our positions are small we don't face the risk of losing a lot of money.

[alastantiger]

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?

For me everyone should be a trader at least for just a day. Trading has no discrimination. And I think that for every beginner, trading is a good idea to start with but only if you have knowledge on trading. And to acquire the knowledge is quite easy depends on where you look for it and who you ask. If you don't have any idea or knowledge about trading, investing in it with all your savings is very risky because you will end up loosing everything you invested. Learning first starts with curiosity and next gathering knowledge on trading. Like I said, seek advice from those who have been trading before you, also make research on trading to understand trading strategy before you start trading.

[MIner1448]

Trading in cryptocurrencies can be challenging for beginners, as it involves a complex and often volatile market. The crypto market is highly speculative, and prices can fluctuate rapidly, making it difficult to predict market trends and make informed trading decisions.
However, there are resources available for beginners to learn about cryptocurrency trading, including online courses, forums, and tutorials. It is important for beginners to take the time to educate themselves and to start with small investments while they are learning.

[Inwestour]

Yes anybody can be profitable in trading, even someone who has no clue about trading can be lucky and invest in the right project. The question is how likely is it for the luck to stick around or is he going to lose his money eventually. I would recommend anybody that is interested in trading to first read about it and study to get some basic knowledge. This doesn't mean we need to spend years to learn everything, a few days and some good articles can teach the basics. After that I would recommend to start trading very small. Theory is one thing, even better is to already apply theory in practice and see how we are doing. As long our positions are small we don't face the risk of losing a lot of money.

I would say that many years of practice will be required for good results, because it is one thing to learn all the theory and another thing to be able to apply it in practice.

In addition, the market does not operate according to textbooks, everything does not really happen as clearly as in the examples that are described in books, everything can be much more complicated, and this becomes clear only after the fact of how it happened.

In addition, you need to be aware that you will lose money, not all transactions will be profitable. Sometimes you will need to close deals with small losses, and beginners need to be prepared for this. It will not be such that everything will turn out well at once.

[Fredomago]

Yes anybody can be profitable in trading, even someone who has no clue about trading can be lucky and invest in the right project. The question is how likely is it for the luck to stick around or is he going to lose his money eventually. I would recommend anybody that is interested in trading to first read about it and study to get some basic knowledge. This doesn't mean we need to spend years to learn everything, a few days and some good articles can teach the basics. After that I would recommend to start trading very small. Theory is one thing, even better is to already apply theory in practice and see how we are doing. As long our positions are small we don't face the risk of losing a lot of money.

I would say that many years of practice will be required for good results, because it is one thing to learn all the theory and another thing to be able to apply it in practice.

In addition, the market does not operate according to textbooks, everything does not really happen as clearly as in the examples that are described in books, everything can be much more complicated, and this becomes clear only after the fact of how it happened.

In addition, you need to be aware that you will lose money, not all transactions will be profitable. Sometimes you will need to close deals with small losses, and beginners need to be prepared for this. It will not be such that everything will turn out well at once.

Good point, there are things that's very different from the book and in actual trading, you needed to prepare yourself and keep doing your practice to anticipate much better, there are times that you are very sure with your decision but the market will go the other side and you will lose your investment.

Times, that you needed to adjust and accept your losses but re-trying your position and try to recover is also possible if you understand some open opportunities to take.

Always matter with how you desire and understand how the market will flow and keep doing your best to keep on track and
enhance your strategy to make a good call and a profitable execution of your trade.

[Davidvictorson]

Although luck would only have a very minor impact at first, I seriously doubt the person would make any money given the greater risks that an uninformed person would face. Without the necessary knowledge, understanding, and substantial trading experience, a newbie will chase losses, incorporate emotions into their trading decisions, and make several mistakes. That person will never be able to appropriately analyze the market, trade, or manage risk. They will also never be able to utilize the best approach. In conclusion, no novice trader should start until they have completed the proper trading courses, have used a number of trading demos, have obtained a mentor, or are part of a network where they can learn from other experienced traders.

[death69]

In fact, trading on the side of newbies becomes like a fortune. There must be some minimum experience for trading. When a newbie starts trading, if he doesn't get some experience, he won't be successful in trading. One must rely on his luck to make a profit. Whenever a person gains some experience in trading, he will automatically understand when to trade and when to sell the trade. So I think the surplus person you give should have at least some experience about trading.

The ultimate goal of every trader is to see their portfolio stock with massive earnings from trading positions. Setting up a trade is extremely simple if one has gone through the fundamental, technical training and gained knowledge of how the market functions. For beginners who are serious about making good profits from the market, trading is definitely advantageous. Losses occur because of the necessity of experience in the field; they are inescapable. A novice would suffer significant losses in the market in order to learn from them and avoid making the same mistakes again. In this field, luck also plays a role; it has sustained traders, and in essence, it also depends on risk management.

The trading industry is quite intricate. While luck could play a role, it would only be a little one. The market's technical and fundamental aspects must be understood well if you wish to succeed. Let me tell you, trying to correctly anticipate market movements is like trying to successfully apprehend a snitch while blindfolded. So here's the deal: defeat is inevitable; the important thing is to use it as a teaching moment. In order to advance in this industry, you must adopt this strategy. Furthermore, I will not even begin to discuss the fast schemes. Without having a broomstick makes it difficult to play quidditch. One mistake and you're out of the game. Due to the volatility of the market, it is essential to maintain a high level of vigilance.

[cute nmp]

Trading is not easy and requires lots of skills for one to be profitable.It takes a lot of time for one to become a professional in the field of trading.Dont think it is a good idea for a beginner trader to invest all his saving in trading,better to play it safe and step by step.

[JeremyW99]

People who doesn't understand technical analysis can have a lucky streak by just blindly buying and selling, but that luck will run out eventually, and since they don't know about risk management and other basic trading principals, they'll eventually blow through their account.

If they want to trade, they should invest the time to learn.. and practice with a very small amount just to practice until they become consistently profitable.

[panganib999]

Trading is not something that you think of at 3am and immediately do at 6 am. It requires extensive patience and a little background on the market practices. Analysis is a pretty subjective credential as I don't really think anyone's got a good idea of how the market will move tomorrow but I do understand the logic and discipline involved in making predictions and educated guesses. Ultimately I don't mean to gatekeep but to save your friend the trouble of losing all his hard-earned money on something that he barely knows how to operate from, I would highly suggest he take up a couple youtube videos or so to get a clearer understandign of how trading works in general. That way he wouldn't blame you for his losses, and he's also able to tank losses and understand where he went wrong.

[Bollexz1]

I honestly wouldn't advise a beginner to engage with day trading for a start, the best they could start with is investing in top coins for long-term profit.

[Fredomago]

Trading is not something that you think of at 3am and immediately do at 6 am. It requires extensive patience and a little background on the market practices. Analysis is a pretty subjective credential as I don't really think anyone's got a good idea of how the market will move tomorrow but I do understand the logic and discipline involved in making predictions and educated guesses. Ultimately I don't mean to gatekeep but to save your friend the trouble of losing all his hard-earned money on something that he barely knows how to operate from, I would highly suggest he take up a couple youtube videos or so to get a clearer understandign of how trading works in general. That way he wouldn't blame you for his losses, and he's also able to tank losses and understand where he went wrong.

Better understanding is still the best foundation when dealing to something, especially if there's money involve it's tough to push yourself into something that you are unsure on what you are doing, you should focus on each knowledge that you can gather to make sure that you are well equipt before jumping or starting your journey.

With your idea, there's always the right way to start your investment to make sure that you will be able to protect your hard-earned investment.

[Sterbens]

Trading is not something that you think of at 3am and immediately do at 6 am. It requires extensive patience and a little background on the market practices. Analysis is a pretty subjective credential as I don't really think anyone's got a good idea of how the market will move tomorrow but I do understand the logic and discipline involved in making predictions and educated guesses. Ultimately I don't mean to gatekeep but to save your friend the trouble of losing all his hard-earned money on something that he barely knows how to operate from, I would highly suggest he take up a couple youtube videos or so to get a clearer understandign of how trading works in general. That way he wouldn't blame you for his losses, and he's also able to tank losses and understand where he went wrong.

yes, it's true that trading is not a trivial matter, you should not be careless in trading or open a trade if you don't want to lose a certain amount, for beginners you should first understand all the risks involved in trading. know yourself learn to control your emotions and in my opinion the most important thing for a trader is to be able to manage good money management so as to avoid what is called a margin call, this is an interesting thing when a beginner can go through all of this and can get consistent profits over a long period of time certain.

[gaston castano]

someone who is just starting out trading could get lucky if they do that, but luck won't always be on their side, so they could follow suit but lose all their money in the end.
it's different if he puts in a small part of his money to learn trading, so that when he has experience he can use even more money.