Is trading good for beginners?

[Fuso.hp]

Everything has pros and cons. If newbies are interested in trading then that is very good news but apart from being interested in trading they need to be interested in learning about trading. Because if he does not have enough knowledge about trading then he may face a lot of losses when trading later. So must first gain enough understanding about trading then newbies can move ahead for trading if they want.

[1714699921]

1714699921

[armanda90]

Depend on which one trading kinds choose by beginner, right now future trading more popular than spot trading because get more and faster profit than spot trading. But with future trading have bigger risk and I think is good choose for beginner with trading in spot, for beginner have mindset with trading not always promising high profit return but some time unpredictable with price drop drastically and we loss our capital.

Good ideas for beginner learn basic and step by step how to start trading exactly in cryptocurrency always have moment fud for making price drop and pump, keep controlling emotion and greedy before start trading in cryptocurrency because many people get bad experience loss in trading due loss control and greedy want to earn more profit.

[Fredomago]

Depend on which one trading kinds choose by beginner, right now future trading more popular than spot trading because get more and faster profit than spot trading. But with future trading have bigger risk and I think is good choose for beginner with trading in spot, for beginner have mindset with trading not always promising high profit return but some time unpredictable with price drop drastically and we loss our capital.

Good ideas for beginner learn basic and step by step how to start trading exactly in cryptocurrency always have moment fud for making price drop and pump, keep controlling emotion and greedy before start trading in cryptocurrency because many people get bad experience loss in trading due loss control and greedy want to earn more profit.

Yeah I can take that statement, depending from how beginners start their trading participation, like what you mentioned, if you choose future trade meaning to say that you are willing to gamble with your money as the market do have volatile behavior, while if you are more into holding and willing to go for long term wait, spot can help you to wait and understand the adjustments that you needed to do.

Beginners needs deeper information with how the business works and how they can properly adopt with the market movements.

[harapan]

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?

This is definitely a NO. You need have a thorough understanding of how things work before you begin trading. I don't believe in luck when it comes to trading. Yea, I know you can get lucky at some point but even that luck won't save a beginner that has no knowledge of trading. If that's the strategy then you'll lose all your money in a second. It's not like gambling where you can get lucky. I haven't met that much traders but I've met a few and I've none of them operates on just luck.
So advice that someone to take his time and learn trading from the very beginning, that is if he has the interest to be a trader. He needs to learn and understand the nitty gritty of trading (any kind of trading, be it crypto, forex, stock) before he can venture into it.

[LUCKMCFLY]

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.

For me, trade is like that job that we have always wanted to have, but that is associated with good information and good decisions, since otherwise if bad decisions are made, it becomes a loss of money and that is something that nobody likes. , obviously things are as they are, for me trading is a lifestyle, but I still don't have the level to live from it, besides, I spend a lot of time learning, I would like to be good at trading futures, but the truth scares me to operate there, I think that for futures you have to be very expert, and I still have a lot to learn, the books are what have really taught me.

[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.

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.

For me, trade is like that job that we have always wanted to have, but that is associated with good information and good decisions, since otherwise if bad decisions are made, it becomes a loss of money and that is something that nobody likes. , obviously things are as they are, for me trading is a lifestyle, but I still don't have the level to live from it, besides, I spend a lot of time learning, I would like to be good at trading futures, but the truth scares me to operate there, I think that for futures you have to be very expert, and I still have a lot to learn, the books are what have really taught me.

Still a lot of things to learn as adjustment is un-avoided when you are into this business, there are chances that even you already anticipating the possible next market movement the chance the direction will go to the other direction, you need to really be ready in anything that may affect your trade.

You can properly adjust when you fully understand the risk and you have the nerve to take each risk upon whatever things may happen.

[cute nmp]

It can be good for both beginner and experienced traders,one need to educate himself well,find a trading plan that suit him and follow a good Trading plan in order to be successful and make consistent profits from the market. Trading is not that simple and it requires a lots of time and effort for one to become an expert in the field.

[MFahad]

The word beginners suggests that a person is now starting and it means that he does not have any experience yet so in my opinion experience and knowledge is necessary element because without these one cannot be performed well. If your friend do not have any knowledge about trading then I will suggest that he should find another job or get knowledge about the desired one as we all know that trading is not easy and second thing is putting money is necessary for trading so if due to lack of knowledge he losses he will be disappointed. There is more chance of losing than enhancing because he doesn't not know the rudiments about trading.

[Quidat]

The word beginners suggests that a person is now starting and it means that he does not have any experience yet so in my opinion experience and knowledge is necessary element because without these one cannot be performed well. If your friend do not have any knowledge about trading then I will suggest that he should find another job or get knowledge about the desired one as we all know that trading is not easy and second thing is putting money is necessary for trading so if due to lack of knowledge he losses he will be disappointed. There is more chance of losing than enhancing because he doesn't not know the rudiments about trading.

We arent that all knowing beings which there are things in life that we would be able to encounter which we do really have that zero knowledge which means that if we do decide to make out some
engagement then it would really be totally depending on someone or to an individual. Trading is neither good or bad for beginners which we wont really be able to know on what would be the outcome
unless we do try.

This is where we are really trying out to learn up new things because we know that it cant really be just that possible to know on what are the outcomes
if we wont really be making out any actions towards it.Learning is a process and cant be done on a single day.

[Gaza13]

Trading an activity that involves high risk and can result in large profits or losses. Before starting trading, beginners should learn about the types of assets they want to trade. For beginners, it is advisable to find a mentor or join a trading community to learn from the experience of more experienced traders. In addition, they must understand basic concepts such as technical and fundamental analysis, risk management and trading strategies. Before starting trading, beginners should ensure that they understand the risks and are ready to accept them.

[lizarder]

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?

He is gambling more precisely because trading is impossible if one does not have a basic knowledge of it and I think his savings will decrease against the percentage of profits he makes. I don't think it's at the stage whether he can or can't, but whether he understands or not how to trade, how can he consider the order pattern and stop loss method if he has no knowledge.

Trading is much more difficult than building a business and I would never believe anyone who said they made huge profits from trading without knowledge. The percentage of people who are successful like this is much smaller and even if there are they don't always get lucky.

[usekevin]

Trading of crypto currency is not easy like stock market,you will get easy profit in the stock markets.The trading of crypto currency need to analyse the market with the minimum interval of time.The market also allow you to response for your strategies.Because not all the strategies will get the money their masters.When the market act with your own strategy,the you can earn 100-300% percentage of the invested money.On trading you need of investors to give you dollars at the needed situation.Then the money you invested can be hold for longer periods.Trading with trusted coins will reduce the risk of losing money.It also multiplies your investment and income.

[Mame89]

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?

Every beginner if you want to be a trader the learning process is important to build skills in trading. Trading can be a difficult and challenging job as it involves money and a high degree of risk. However, by studying and being dedicated to improving skills and knowledge, a trader can become more skilled and confident in making investment decisions. What your friend is doing is correct, he just needs to keep learning and must be able to keep his emotions in trading.

However, some beginners or new traders may have unrealistic expectations or lack an understanding of the risks involved in trading. This can lead to bad decisions and potentially large losses. Therefore, it is important for beginners to start with a small amount and pay close attention to risk management.

In addition, it is important to have a clear and consistent trading plan and to do sufficient research before deciding to trade. Don't forget to always update your friend's trading strategy based on experience and previous trading results.

However, if after a few trades a person decides to stop trading, it may be a sign that trading is not the right field for him or that your friend is not ready to invest. It is important to understand that trading is not a quick way to get rich and it takes time and effort to achieve the desired results.

[kingvirtus09]

It's okay to do trading here in cryptocurrency if you have an idea about it, but if you don't know anything about it, it's better to learn first so you don't get disappointed in crypto trading, maybe later you're just hyped because you heard that a lot of people are making money here.
Or don't be like others who can only trade and rely on the prediction of whether it will go up or down. Then in the end you'll see that you're not making money, that's not how things work here in the crypto space and there isn't a single day here where you know that trading is going to happen right away, you need to take your time and time, there's really no short cut here.

[Twentyonepaylots]

Everything has pros and cons. If newbies are interested in trading then that is very good news but apart from being interested in trading they need to be interested in learning about trading. Because if he does not have enough knowledge about trading then he may face a lot of losses when trading later. So must first gain enough understanding about trading then newbies can move ahead for trading if they want.

As a beginner in trading, in terms of cryptocurrency, you should be able to have the strong foundation regarding having strong understanding about it so that you know what you are getting into. With todays advancement of technology, you can really make use of the internet to learn these stuffs. Along with these, you should also understand the market conditions so that you can see how the market moves and tell the market trends regarding crypto trading.

...
However, some beginners or new traders may have unrealistic expectations or lack an understanding of the risks involved in trading. This can lead to bad decisions and potentially large losses. Therefore, it is important for beginners to start with a small amount and pay close attention to risk management.
...

Indeed, we should be lowering our expectations at first because it is really clear how risky trading is. You should not be affected with losses since there is no guarantee of profit every time. Yes you can start with small amount but you can also start with demo accounts since more trading sites offers this so that you can practice trading without risking your own money. And if afterwards you are confident enough, you can proceed with trading your own money so that you can test what you have learned so far.

[Fredomago]

Trading an activity that involves high risk and can result in large profits or losses. Before starting trading, beginners should learn about the types of assets they want to trade. For beginners, it is advisable to find a mentor or join a trading community to learn from the experience of more experienced traders. In addition, they must understand basic concepts such as technical and fundamental analysis, risk management and trading strategies. Before starting trading, beginners should ensure that they understand the risks and are ready to accept them.

You need to be mindful in terms of each decision that you will going to make while positioning your trades, there are many influences that you need to learn, factors that driving the market to its current movement, I know by experienced that trading is not easy for beginners chances to lose your initial capital may happen when mistake take place.

Reviewing and analysing all the possible venue of learning is what you need before involving yourself in making your first trade.

[martyns]

Trading an activity that involves high risk and can result in large profits or losses. Before starting trading, beginners should learn about the types of assets they want to trade. For beginners, it is advisable to find a mentor or join a trading community to learn from the experience of more experienced traders. In addition, they must understand basic concepts such as technical and fundamental analysis, risk management and trading strategies. Before starting trading, beginners should ensure that they understand the risks and are ready to accept them.

In addition to your write-up,beginners who are just venturing into trading must be ready to learn what the business is all about,it's not only to put money into trading that is the most important thing,what is most vital in trading is the learning first,beginners must be willing to learn from people who are more experienced than him.He must make research about the coin he is willing to invest in,and furthermore,he must know the particular season he want to invest, knowing fully well that market has season,if its the right season for him to Invest and he won't lose,then he should do that.If those things are not taking into consideration,then,there is every tendency that your money invested into the trade will be a waste.

[Bitcoin_people]

The first thing for those who do trading is to know the crypto market well. If trending is profitable in business, then it is definitely worth investing in. If you don't have good knowledge about investing then definitely take advice from people who are well skilled in trading. of course, investment is suitable for those who can analyze the market well. And knowing the right way about trading will help the prospective investor to succeed.

[Dzwaafu11]

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? 

No.  Given that you already know the answer, your query comes off as ironic. It is similar to a student who wants to take an exam but doesn't prepare for it in the hopes of passing without a doubt. Similar to trading, you cannot earn from it if you don't have the necessary information.

Since trading is very risky, beginners should learn everything there is to know about it when they first start out. This will ensure that any disappointment they experience is due to error rather than a lack of knowledge. Beginners who are new to trading should do so in order to understand how the market functions and when to buy and sell.

[Smack That Ace]

Trading an activity that involves high risk and can result in large profits or losses. Before starting trading, beginners should learn about the types of assets they want to trade. For beginners, it is advisable to find a mentor or join a trading community to learn from the experience of more experienced traders. In addition, they must understand basic concepts such as technical and fundamental analysis, risk management and trading strategies. Before starting trading, beginners should ensure that they understand the risks and are ready to accept them.

In addition to your write-up,beginners who are just venturing into trading must be ready to learn what the business is all about,it's not only to put money into trading that is the most important thing,what is most vital in trading is the learning first,beginners must be willing to learn from people who are more experienced than him.He must make research about the coin he is willing to invest in,and furthermore,he must know the particular season he want to invest, knowing fully well that market has season,if its the right season for him to Invest and he won't lose,then he should do that.If those things are not taking into consideration,then,there is every tendency that your money invested into the trade will be a waste.

I would like to add one more thing: those just starting to trade should be mentally prepared that it will not be possible to make a profit, and loss is inevitable when starting. They should prepare mentally as well as happily accept if there is a loss because what they need to gain are knowledge and experience. And to minimize losses when starting, newbies should only use the minimum amount to start. Most newbies make mistakes at the beginning, they only dream of profit and don't know that no one can be successful the first time.