Is trading good for beginners?

[MFahad]

I believe the OP indirectly wants to know if it is risky for a beginner to trade. But there is not road to riches that there wont be any form of risk and sacrifice. There is always a start from a newbies and soon they will reach there. What should be more important is how will they be able to control their emotions during this growing stage. Of course there will be loss and wins which will cost them to either start over or fall down to some middle part.

First of all, though I understand your reference, trading is no road to riches and a lot of newbies often have this misconception thinking that they can earn a lot of money in no time from this industry which isn't true and people who manage to do that are either lucky or already have very high capital to begin with because the amount of profit you can make from this industry depends on how large your capital is.

Trading and newbies is an unending debate, however, the main discussion about it is that when a newbie gets into trading, their first step should be to acquire enough knowledge about the market so that they don't face problems when they involve finances.

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[Hamphser]

I believe the OP indirectly wants to know if it is risky for a beginner to trade. But there is not road to riches that there wont be any form of risk and sacrifice. There is always a start from a newbies and soon they will reach there. What should be more important is how will they be able to control their emotions during this growing stage. Of course there will be loss and wins which will cost them to either start over or fall down to some middle part.

First of all, though I understand your reference, trading is no road to riches and a lot of newbies often have this misconception thinking that they can earn a lot of money in no time from this industry which isn't true and people who manage to do that are either lucky or already have very high capital to begin with because the amount of profit you can make from this industry depends on how large your capital is.

Trading and newbies is an unending debate, however, the main discussion about it is that when a newbie gets into trading, their first step should be to acquire enough knowledge about the market so that they don't face problems when they involve finances.

Once you do have that kind that misconception then you are really that making yourself that bound to failure. Well, this is something that commonly happen into those who are just new and been just hyped up to make or learn trades just because they've seen someone who do make out huge profits online. One of the most common scenario that we do have on here is that on the time that you've seen those big profits
then you would really be having in mind that you could eventually be able to do it. On the time that you have started your trading journey then you would really be having impressions as a noob that
you could be able to do it in one day until loses would really be experienced.

They wont really be able to learn not until they would really be able to experience for themselves the bitter ones here on crypto trading world. They cant really be able to learn
up things if they wont really be able to experience it out. 

[kawetsriyanto]

~ it will be a waste of time and resources for beginners to go into trading without knowledge

Of course, if we trade without knowledge, the result must be losing money. I think nowadays most newbies already understand that trading must have the basic knowledge at least. There were many newbies who lost huge money in the past because they traded at the wrong way. People who are in the newbies level now must learn from the story of failed newbies in the past.

What makes trading to be bad without learning to have knowledge,  it is wrong step to start up trading. The first step every beginner must think about in trading is to learn and not rush to go into trading without knowledge.  Going in trading with a blank knowledge is a big mistake for any beginners to think about.

Basically, trading isn't bad. People make it bad because they are using the wrong way in trading. If every person trades with a proper way, trading must give the advantage for everyone. When you trading with no knowledge, how you can expect for raising profits? Trading isn't the same as gambling that relies on the luck. Trading requires the basic knowledge, skills, and experience.

Trading is very risky and it is not ideal for beginners to rush into it without understanding.

Actually, trading isn't bad for beginners. Every professional traders must begin from the newbie level. But make sure that we begin trading in the right way. The focus should be for learning if we are still in a newbie level. Although we should try to trade, we must use small funds because we still have no enough knowledge when it is in a newbie level.

[2Pizza410000BTC]

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 think trading is not right for someone who knows nothing about trading. If trading is done without acquiring the strategy or trading knowledge in the trading platform then he will definitely lose his money. And if he gets some knowledge about trading then he can earn some money from trading platform from time to time. If one relies on luck at some points in the trading platform but if one does not know the trading strategy he will surely suffer then luck will not work on him. So I think it is right for new people who don't know anything to come to the trading platform and I think holding is best for them.

[Cryptoprincess101]

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 think trading is not right for someone who knows nothing about trading. If trading is done without acquiring the strategy or trading knowledge in the trading platform then he will definitely lose his money. And if he gets some knowledge about trading then he can earn some money from trading platform from time to time. If one relies on luck at some points in the trading platform but if one does not know the trading strategy he will surely suffer then luck will not work on him. So I think it is right for new people who don't know anything to come to the trading platform and I think holding is best for them.

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

[rozak]

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

unfortunately, there are two types of novice traders in case of such a situation. The first is a novice trader who learns from his trading losses and considers it a process of learning to trade. and he continues his trade.
and the second is a trader who does not learn from his trading experience. Even though he loses in trading, he always makes the same mistakes over and over again.

Trading for me is not for beginners. but beginners can learn to trade. whether it be from your own experience or the experience of others. as long as they want to learn, beginners will also become professionals when they persist.

[Fara Chan]

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

Losing a little money because of trying to trade or because of following the trading learning process is not wrong. But it would be better if in following this process you don't have to face loss because this will also affect a person's mentality, especially if the person is a beginner in this matter. Because beginners can also learn trading without having to face losing a certain amount of money, so if there is an option that does not require initial sacrifice, of course that option should also be considered even though the option you said is not bad for someone who has a stronger trading mentality.

[2Pizza410000BTC]

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 think trading is not right for someone who knows nothing about trading. If trading is done without acquiring the strategy or trading knowledge in the trading platform then he will definitely lose his money. And if he gets some knowledge about trading then he can earn some money from trading platform from time to time. If one relies on luck at some points in the trading platform but if one does not know the trading strategy he will surely suffer then luck will not work on him. So I think it is right for new people who don't know anything to come to the trading platform and I think holding is best for them.

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

Of course your point here is very reasonable because if someone loses money on a trading platform he will learn a lot. Because he will always remember his lost money and he will arrange himself very nicely on the trading platform. When a person loses money on the trading platform, he will be reminded of that money again and again so that he will always focus on trading and achieve ultimate success on the trading platform. I learned on the trading platform but lost a lot of money. I have lost money due to which I have been able to pick up strategies and education very quickly on the trading platform.

[pusaka]

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

Losing a little money because of trying to trade or because of following the trading learning process is not wrong. But it would be better if in following this process you don't have to face loss because this will also affect a person's mentality, especially if the person is a beginner in this matter. Because beginners can also learn trading without having to face losing a certain amount of money, so if there is an option that does not require initial sacrifice, of course that option should also be considered even though the option you said is not bad for someone who has a stronger trading mentality.

If they are not willing to take the risk of sacrificing some money then they may never understand trading. Because even if we understand the theory of trading, it will be different when we directly practice it in the market, so like it or not they have to spend some money. They can also first use a demo account to learn what they have to do and learn the features in trading. However, in a demo account we are not taught the mentality because when using a demo account there is no pressure whatsoever in trading. It's different when we use real money, our mentality will definitely have a big influence on what we decide.
Continue to deepen your knowledge if you want to become a good trader, don't be quickly satisfied with the knowledge we have.

[Ben Barubal]

     If the person entering the crypto trading business is really new and has no knowledge, it is possible, as long as he does not suddenly deposit a large amount of money in an exchange that he will also enter. But he should also study trading at the same time; it is not enough because if he actually trades, he will do it right away.

    So at least he can ask questions here, or he can also read first about the basic learnings in trading so that at least he has knowledge in the matter he is involved in.

If they are not willing to take the risk of sacrificing some money then they may never understand trading. Because even if we understand the theory of trading, it will be different when we directly practice it in the market, so like it or not they have to spend some money. They can also first use a demo account to learn what they have to do and learn the features in trading. However, in a demo account we are not taught the mentality because when using a demo account there is no pressure whatsoever in trading. It's different when we use real money, our mentality will definitely have a big influence on what we decide.
Continue to deepen your knowledge if you want to become a good trader, don't be quickly satisfied with the knowledge we have.

If the newbie entering crypto trading is not a risk taker, it is better and better not to try to trade or study here in the field of crypto space.

[leonair]

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?

When one does not have knowledge about trading and does not have any idea about how trading works he will not be able to profit from trading in any way. Because he will always make the wrong decision, invest in the wrong coin and sell it at the wrong time. But some times due to his luck he may make some profit but not always it happens. Trading is not an easy thing it is a very difficult thing so trading should be done with good understanding

[Cryptoprincess101]

Trading actually doesn't need to be done by someone who is not familiarize with trading strategies and basic signals that will propagate the trading process but we need to understand that there are some point in life when the best way to learn is to lose some money because when you lose, you become more eager to understand the reason why you lost some cash and it will also make you to have more understanding.

Though trading is not too advisable for a beginner without any idea of how trading works but a trader have to start from somewhere despite losing some money in the process

unfortunately, there are two types of novice traders in case of such a situation. The first is a novice trader who learns from his trading losses and considers it a process of learning to trade. and he continues his trade.
and the second is a trader who does not learn from his trading experience. Even though he loses in trading, he always makes the same mistakes over and over again.

Trading for me is not for beginners. but beginners can learn to trade. whether it be from your own experience or the experience of others. as long as they want to learn, beginners will also become professionals when they persist.

You are right on your definition on the types of traders and you should know that be it a trader who wants to learn from his mistakes or the one who keeps making mistakes over again, in the starting point of trading losses are expected till one becomes used to how the system works. Saying trading is not for beginners, I don't actually know what you mean but how can someone learn trading without partaking in the trading process?

Losing a little money because of trying to trade or because of following the trading learning process is not wrong. But it would be better if in following this process you don't have to face loss because this will also affect a person's mentality, especially if the person is a beginner in this matter. Because beginners can also learn trading without having to face losing a certain amount of money, so if there is an option that does not require initial sacrifice, of course that option should also be considered even though the option you said is not bad for someone who has a stronger trading mentality.

So are you trying to tell me that professional traders doesn't lose money as well? Trading is risky of which sometimes traders do lose some amount of money so saying that a beginner doesn't need to loss while trying to learn trading is something I don't understand because just like I said, we lose money sometimes when trying to know about something and afterwards gain experience that will guide us next time in other not to run into losses.

[cryptoWODL]

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, you must gain detailed experience about trading. If you can master the basic concepts of trading in the initial stage, then you can quickly become experienced about trading. Many times people fail to succeed in trading even after following the theoretical aspects of trading because the theoretical aspects have no basis in reality.

If someone doesn't understand about trading and has no experience with trading systems then he is lucky if he trades any coin and makes a profit from that trade. Because if you don't have experience in trading, you can never make a profit by trading. Trading is not a simple thing Newbies may think that trading is easy but the first thing you need to do is to control your emotions. When we buy a coin while trading, when the price of that coin drops, we get emotional and plan to sell that coin immediately. We regret it when we sell that coin only to see the coin rise in price again.

Finally I would like to say that those who want to master trading should definitely try out your trading plan with a demo account.

[Baki202]

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 the person looks serious, there is a high chance that he will make a profit, but one piece of advice I will give is that he needs to be patient and should not use all of his savings to trade, he should start using the money saved bit by bit, and when he starts making a profit, he can also increase the money used in trading. All this is just to help you reduce the amount you will lose when you start trading. You only lose a small amount of money out of your savings since you did not do anything.  and his not knowing is an error already. because after thinking of trading and having the resources, the next thing should be seeking knowledge, and then you can start learning what you have learned. and answer your question with a simple answer: No, there is no way you will make a profit without having an idea of doing the necessary things.

I think trading is not right for someone who knows nothing about trading. If trading is done without acquiring the strategy or trading knowledge in the trading platform then he will definitely lose his money. And if he gets some knowledge about trading then he can earn some money from trading platform from time to time. If one relies on luck at some points in the trading platform but if one does not know the trading strategy he will surely suffer then luck will not work on him. So I think it is right for new people who don't know anything to come to the trading platform and I think holding is best for them.

The seriousness will have to come after knowing that seriousness can come, If it were that way, then what is the relevance of going to school? We would have just gone straight up to our position and that shows the importance of learning. After learning, you will need to learn cheats on how to make a profit because there are trading books for dummies but people don't give value to reading they just want to make money. One thing I love is that when they make mistakes, they either give up or then continue because plenty of them want to trade and avoid learning and they start showing some very bad habits while they are trading. Everyone will keep saying it seek knowledge first.

[MFahad]

When one does not have knowledge about trading and does not have any idea about how trading works he will not be able to profit from trading in any way. Because he will always make the wrong decision, invest in the wrong coin and sell it at the wrong time. But some times due to his luck he may make some profit but not always it happens. Trading is not an easy thing it is a very difficult thing so trading should be done with good understanding

Yes, and a lot of newbies that enter the market tend to ignore this fact mostly because they have been misguided by some influencer on YouTube or some other social media platform or they have seen profit screenshots of people in social media trading groups where people only share their profits and hide their losses and newbies don't understand this and they think all of them are just earning money all the time.
So as you said, it's important for someone to learn trading before they venture into it because it isn't as easy as some might think it is and there can be challenging times ahead of them if one doesn't have any knowledge about the market but starts trading anyway.

[Vinaa77]

When one does not have knowledge about trading and does not have any idea about how trading works he will not be able to profit from trading in any way. Because he will always make the wrong decision, invest in the wrong coin and sell it at the wrong time. But some times due to his luck he may make some profit but not always it happens. Trading is not an easy thing it is a very difficult thing so trading should be done with good understanding

Yes, and a lot of newbies that enter the market tend to ignore this fact mostly because they have been misguided by some influencer on YouTube or some other social media platform or they have seen profit screenshots of people in social media trading groups where people only share their profits and hide their losses and newbies don't understand this and they think all of them are just earning money all the time.
So as you said, it's important for someone to learn trading before they venture into it because it isn't as easy as some might think it is and there can be challenging times ahead of them if one doesn't have any knowledge about the market but starts trading anyway.

When someone decides to trade, of course they must first learn about trading from those who already have experience in this field, because if we only look at several influencers who we don't know for sure about their trading abilities, this can make us experience failure. the trading that we will do and it would be better if we want to enter trading. The most important thing for us is just to study the theory about trading and also look for those who have experience in this field to be able to guide us in analyzing the market to be able to trade well.

Yes, of course we will face difficult times when learning and trying trading so we have to be able to improve this and be patient in trading and don't make decisions about trading in a hurry which means we can't analyze the market well and end up with failure.

[bettercrypto]

I believe the OP indirectly wants to know if it is risky for a beginner to trade. But there is not road to riches that there wont be any form of risk and sacrifice. There is always a start from a newbies and soon they will reach there. What should be more important is how will they be able to control their emotions during this growing stage. Of course there will be loss and wins which will cost them to either start over or fall down to some middle part.

First of all, though I understand your reference, trading is no road to riches and a lot of newbies often have this misconception thinking that they can earn a lot of money in no time from this industry which isn't true and people who manage to do that are either lucky or already have very high capital to begin with because the amount of profit you can make from this industry depends on how large your capital is.

Trading and newbies is an unending debate, however, the main discussion about it is that when a newbie gets into trading, their first step should be to acquire enough knowledge about the market so that they don't face problems when they involve finances.

If you just study first and don't do actual trade right away, my answer would be yes, but if you are a newbie and don't have any theory to do and you want to jump into actual trade right away, it is not good to do that style. He should study it well first.

It's like learning to drive; you can't immediately drive a car without any driving experience. How can you make it work if you don't know what is basic to make it work? The same is true in trading; don't trade immediately. It's easy to put money into the exchange Cex or Dex; the difficult thing is how to grow the capital that will be put into trading.

[leonair]

When one does not have knowledge about trading and does not have any idea about how trading works he will not be able to profit from trading in any way. Because he will always make the wrong decision, invest in the wrong coin and sell it at the wrong time. But some times due to his luck he may make some profit but not always it happens. Trading is not an easy thing it is a very difficult thing so trading should be done with good understanding

Yes, and a lot of newbies that enter the market tend to ignore this fact mostly because they have been misguided by some influencer on YouTube or some other social media platform or they have seen profit screenshots of people in social media trading groups where people only share their profits and hide their losses and newbies don't understand this and they think all of them are just earning money all the time.
So as you said, it's important for someone to learn trading before they venture into it because it isn't as easy as some might think it is and there can be challenging times ahead of them if one doesn't have any knowledge about the market but starts trading anyway.

Everything is the effect of social media because now most of the people are using the internet and using social media and the promotion of trading and gambling is increasing widely. Along with the advertisement of the platform, many traders are sharing their success stories and seeing them, many new traders are encouraged to trade. Although encouraged, they are basically unaware of how difficult trading is and how risky trading is. The results of trading without knowledge of these are very dire for them.

[Dr.Osh]

Everything is the effect of social media because now most of the people are using the internet and using social media and the promotion of trading and gambling is increasing widely. Along with the advertisement of the platform, many traders are sharing their success stories and seeing them, many new traders are encouraged to trade. Although encouraged, they are basically unaware of how difficult trading is and how risky trading is. The results of trading without knowledge of these are very dire for them.

Yes, social media really has a huge effect. Starting from advertisements or screenshots on social media. People think that it is very easy to take advantage of trading. In addition, many influencers explain trading techniques as if it is very easy, so people do not hesitate to take risks.
I recently came across a case where there was a child who was holding onto his family's money, and he felt that he could increase that money through trading. However, the facts he got were completely beyond his imagination. The money quickly dwindled, and he panicked. Well, he posted on social media that he was also interested in trading because the profit posts really attracted attention. Apart from that, the case described by the OP may also have started out the same. that his friend had no qualms about using all his savings. Well, if he is interested, he should start with a small amount of capital that he can afford to lose.

[shawonngp]

Definitely trading is not good for beginners because it's not money making tool, it's quite difficult. Beginners should not start without basic learning. First they need to gain some knowledge, then the next step they can start with some capital, but many beginners don't care about learning, they are thinking just invest in trading and profit will come.