Learn and understand before trading.

[Queen uloma]

It’s very Risky for someone who doesn’t have knowledge or idea of how trading works, and it’s not right for the person to start trading. Even if luck sometimes can help the person. Trading isn’t only about guessing whether a market will go down or up. It’s all about having understanding about the market, strategy, risk management. and discipline.
If a person decides to choose randomly, they may end up losing all their money. I’m not lying. they may also end up finishing all their savings. Trading is a skill that someone needs to practice, learn, and be patient before they can make steady profit.
My advice is that, don’t rush to start if you don’t know the system. first, you need to learn, practice with demo account, know risk management and understand how the market works. After all this, you can now start trading.
Trading isn’t lottery, it requires skill, knowledge and patience. If you go into trading without proper knowledge, you will lose everything.

[Promocodeudo]

This advise is not only for trader alone although I'm not a trader and I don't know if I will be one in the future but I think trading is not something someone should just jump into without having the skills that's required to do so, i do not want to advise about trading buti believe money is not made easily and anything that involves making money should be learn very well before we can talk about making profit through such means, some persons are just too eager to make money through trading but aren't patient enough to learn the proves which is the reason they get ruined sometimes, although skill can also fail sometimes but having it as a trader give such trader upper hand to navigate through.

[justinlamode]

As much as possible, try to avoid trading because it is not everyone that ought to trade. Trading involves a lot of things, not just the ability to read charts or fundamentals, trading is an embodiment of the individual character and it measures the level of patience, greed amd even endurance of the trader. If the psychological aspect of trading is not fixed, irrespective of the level of understanding of the trader, he is doom to fail.

[Frankolala]

No matter how professional you are in trading, you cannot make steady profits, you will end up losing in the long run. I will advise anyone that wants to trade to avoid trading because seeking for quick profits is a path to big losses. Trading is very risky, it will be better to start your crypto journey as a long-term bitcoin investor and forget about quick profit because it's easily said than done. Demo isn't the same with real trading.

[SatoPrincess]

No matter how professional you are in trading, you cannot make steady profits, you will end up losing in the long run. I will advise anyone that wants to trade to avoid trading because seeking for quick profits is a path to big losses. Trading is very risky, it will be better to start your crypto journey as a long-term bitcoin investor and forget about quick profit because it's easily said than done. Demo isn't the same with real trading.

That’s not true. Crypto trading is a big market and opportunities are there for traders to profit from market movements. The trick is to make sure your profit margin is higher than your losses. However if you do not have the required knowledge of trading and experience, it’s best to simply be a long term bitcoin hodler.

[Itz-prisigold]

I agree that knowledge comes before practice, but however, to be truthful many new traders do not fail simply because they lack knowledge,  but because they can't handle their emotions when real money is involved. The fear of loss,  the greed for profit and the impatience for results will affect a trader's decision making process far more than their knowledge.

Yeah truly, demo accounts are great for practicing,  but they do nothing in teaching a person how they will react under stress.  Therefore, by starting out small with real money,  can actually help you learning much quicker. People should know that trading is not just about understanding charts and strategy.  It is about developing the right mindset,  maintaining self discipline and being brutally honest with yourself regarding if you truly have the ability to trade successfully.

[fredericktaylor]

It’s very Risky for someone who doesn’t have knowledge or idea of how trading works, and it’s not right for the person to start trading. Even if luck sometimes can help the person. Trading isn’t only about guessing whether a market will go down or up. It’s all about having understanding about the market, strategy, risk management. and discipline.
If a person decides to choose randomly, they may end up losing all their money. I’m not lying. they may also end up finishing all their savings. Trading is a skill that someone needs to practice, learn, and be patient before they can make steady profit.
My advice is that, don’t rush to start if you don’t know the system. first, you need to learn, practice with demo account, know risk management and understand how the market works. After all this, you can now start trading.
Trading isn’t lottery, it requires skill, knowledge and patience. If you go into trading without proper knowledge, you will lose everything.

It is absolutely true that achieving success in trading is not an easy work, it is better to start trading with the right knowledge, as a result, the amount of losses can be reduced. There are many new people who think that achieving success in trading is very easy, they think that trading is a way to make money quickly, they think that buy when the market falls and selling when the market rises can make money very easily. But I think that making money in trading is not as easy as we imagine. We have to accept the reality that imagination and reality can never be the same.

Success can be achieved through trading, but for this, you need the right knowledge, understanding the volatility of the market, and using different strategies at different times, and you have to be patient and persist for a long time. It is not right to enter the market in a hurry, so you have to be patient and enter the market at the right time and exit the market at the right time. As a result, success can be expected in the future. Patience is the key to success.

From my point of view, trading is very risky, long-term investment is much better because the chances of getting success by trading are very low, the chances of losing money are high because we cannot always follow the right rules or complete the trading correctly, resulting in high chances of loss. However, if we invest consistently with the right knowledge and wait patiently for good times, we can protect ourselves from inflation in the future and expect profit in the long run.

[Big Dirams]

No matter how professional you are in trading, you cannot make steady profits, you will end up losing in the long run. I will advise anyone that wants to trade to avoid trading because seeking for quick profits is a path to big losses. Trading is very risky, it will be better to start your crypto journey as a long-term bitcoin investor and forget about quick profit because it's easily said than done. Demo isn't the same with real trading.

You are right you made a good point, trading with the mindset of making quick profits will only result into high rate of losses because we would always make hasty decisions and we wouldn’t even think things through or have a strategy out before opening a position and that is a wrong move. Trader with quick profits mindset always doesn’t see some market movement as traps they always see high profits without even making analysis which is very bad.  

Let approach trading with the proper mindset of learning and improving our knowledge, mindset of commitment, mindset of dedication and discipline not just about profits but about making progress.

[Emjay24]

It’s very Risky for someone who doesn’t have knowledge or idea of how trading works, and it’s not right for the person to start trading. Even if luck sometimes can help the person. Trading isn’t only about guessing whether a market will go down or up. It’s all about having understanding about the market, strategy, risk management. and discipline.
If a person decides to choose randomly, they may end up losing all their money. I’m not lying. they may also end up finishing all their savings. Trading is a skill that someone needs to practice, learn, and be patient before they can make steady profit.
My advice is that, don’t rush to start if you don’t know the system. first, you need to learn, practice with demo account, know risk management and understand how the market works. After all this, you can now start trading.
Trading isn’t lottery, it requires skill, knowledge and patience. If you go into trading without proper knowledge, you will lose everything.

Trading isn't what you approach with just a mere idea, trading is a skill and must be learned adequately under a professional before you can claim to have a good understanding of it and be able to attempt being in profits, so many people claim to understand and practice trading but only few people are grounded to the extent they're in profits. The fact is that most traders are losing, a lot of them are frustrated with their volume of losses.

Demo accounts are no direct interpretations of the real markets, it is only a simulation which helps you understand how to place trades and not how the real market function and the sentiments behind it, My brother used the demo account for 3 months and was getting good profits but when he tried the markets, he lost $300 in one day.

[Mhizlove]

As much as possible, try to avoid trading because it is not everyone that ought to trade. Trading involves a lot of things, not just the ability to read charts or fundamentals, trading is an embodiment of the individual character and it measures the level of patience, greed amd even endurance of the trader. If the psychological aspect of trading is not fixed, irrespective of the level of understanding of the trader, he is doom to fail.

Well said, trading is just a out skills it's more of mind game if you decides to trade and you've not or cannot control emotions like greed, impatience and fear this kind of person the market will really reset asp. You see sometimes the best way is to hold and rest and not to trade, trading isn't for everyone so don't be ashamed when you notice you can't or does not fit your personality and in this kind of game the big win is to know yourself and know what you're doing very important

[Cryptomultiplier]

A potential trader in the making has to do their own research properly before entering the market, mostly when it concerns crypto currency trading.
Risk management skills are and should be top notch in this case, using demo account of course and having funds that one can afford to lose without worries, before they consider entering the real market.

I also think a time stamp should be put on the duration of learning to when real practice begins, so as to make one more confident and more averse with the trading market.

[Ndabagi01]

You are actually right, trading is a game of skills and when you don’t have that skills, you risk losing all your money no matter how much you think the money is. Trading has to do with understanding of the market, knowing when to sell, buy and make decisive actions while trading. I believe every profitable trader today reach that state after learning how to trade and only a few are rich through trading by luck which doesn’t last long.

One thing about demo accounts are that, you shouldn’t be on them for too long because when you switch from demo to a real account, you’ll find it difficult. Demo account does not require emotions and this is a vital part of trading that really matters a lot. So staying in demo mode for too long without switching to real account is very dangerous in my opinion. Demo is good for beginners, but don’t linger there for too long.

[Derekfunds]

It’s very Risky for someone who doesn’t have knowledge or idea of how trading works, and it’s not right for the person to start trading. Even if luck sometimes can help the person. Trading isn’t only about guessing whether a market will go down or up. It’s all about having understanding about the market, strategy, risk management. and discipline.
If a person decides to choose randomly, they may end up losing all their money. I’m not lying. they may also end up finishing all their savings. Trading is a skill that someone needs to practice, learn, and be patient before they can make steady profit.
My advice is that, don’t rush to start if you don’t know the system. first, you need to learn, practice with demo account, know risk management and understand how the market works. After all this, you can now start trading.
Trading isn’t lottery, it requires skill, knowledge and patience. If you go into trading without proper knowledge, you will lose everything.

No matter the amount of skill and knowledge someone has in trading there is no way they will make steady profit never and real trader will tell you this I'm saying that there is nothing like steady profit in trading. And in trading knowledge is very important but it doesn't still guarantee steady profit but it will help you reduce some risk and in trading how long and the kind of profit you make depends on your capital, someone with a good capital can increase his or her loss size and once it click they may be out of the market for awhile while someone with a small capital will be struggling with a dollar profit or fraction of it with same loss size.

[Byebyebtc]

As much as possible, try to avoid trading because it is not everyone that ought to trade. Trading involves a lot of things, not just the ability to read charts or fundamentals, trading is an embodiment of the individual character and it measures the level of patience, greed amd even endurance of the trader. If the psychological aspect of trading is not fixed, irrespective of the level of understanding of the trader, he is doom to fail.

Yes trading is very difficult I agree with you

But that doesn't mean it should be avoided, you taste a drink to know if it is bitter or sweet,
Before I started trading I did a whole lot of things, drop shipping, small business, affiliate etc before I finally found what I love which is trading, no matter how hard something is, if you find fun exploring about it, you will be there enough to be successful in it.

[Ronsbit]

The life and experience of a trader is just like the life and experience of a seafarer. A sailor is made by the rough tide and turbulent waters, which is also equivalent to the trading market conditions that warrant a price crash and all of that. As a trader, you learn every day because of the way the market conditions presents itself, which means that you learn new trading techniques every day, which all adds up to making you a good and skilled trader, and this is not what a newbie would just easily dabble into and claim they know how to trade. If an experienced traders would get liquidated, how much more about newbies who do not want to take their time to study and get indepth solutions.

[Callido]

My advice is that, don’t rush to start if you don’t know the system. first, you need to learn, practice with demo account, know risk management and understand how the market works. After all this, you can now start trading.
Trading isn’t lottery, it requires skill, knowledge and patience. If you go into trading without proper knowledge, you will lose everything.

Hasn't this been talked about several times, both in and outside the local board. Trading isn't risk free, same with investments. Any financial move requires careful analysis before entering, all financial opportunity is a must to make lots of enquiries, because losing money due to ignorance will not repay back the money lost, the first sign to notice someone who understands how to achieve real financial goals, is someone who doesn't act under cluelessness, simple strategic learning will save someone from biggest losses that are more likely irrecoverable.

[Rgram]

It’s very Risky for someone who doesn’t have knowledge or idea of how trading works, and it’s not right for the person to start trading. Even if luck sometimes can help the person. Trading isn’t only about guessing whether a market will go down or up. It’s all about having understanding about the market, strategy, risk management. and discipline.

Trying to trade without doing any form of analysis or understanding how the market works and would just go about playing trade on a buy or sell because you find those icons there while, you hope by some sure luck the trade goes your way, that’s no longer trading, that’s gambling on trades.

Trading is a highly professionalized and sophisticated field, you need to be grounded in a lot for any hope of success that’s why, most beginner traders always try to engage themselves in some trading school, program or teach themselves from YouTube videos. These are parts to becoming a trader.

[EluguHcman]

It’s very Risky for someone who doesn’t have knowledge or idea of how trading works, and it’s not right for the person to start trading. Even if luck sometimes can help the person. Trading isn’t only about guessing whether a market will go down or up. It’s all about having understanding about the market, strategy, risk management. and discipline.

Coming to think of it trading is not a pure gambling market place like the slot game of chance with basically players relies winning by luck, even in the sport bets, betting with strategies gives you very good advantage to standout.
Trading is a prediction market which requires traders very strong and solid knowledges about the market in both risk management's, studying volatilities and the materialized datas that can be used to determine the Bitcoin price.

Anyone believing to come to trade with the hope of pure luck before winning will fail woefully because despite volatility being unpredictable, trading with skills gives you the edge to standout.
So whoever trading without proper knowledges will also regret it in the long term.

[Bright0515]

A lot of people think that trading is the same thing as gambling but that's not really accurate, trading actually deals with more of your knowledge on the financial market and it's not something you can just go into without proper learning. Most people don't really get the results they want from it because they don't give in enough time to learning and understanding what the market is all about. If you don't learn properly there is no way you are going to get positive results, rushing the process isn't really going to help you become a better trader

[EL MOHA]

That’s not true. Crypto trading is a big market and opportunities are there for traders to profit from market movements. The trick is to make sure your profit margin is higher than your losses. However if you do not have the required knowledge of trading and experience, it’s best to simply be a long term bitcoin hodler.

Exactly people actually make this mistake of saying at the long run you would actually be losing which is typically wrong in my opinion. For me the best thing is not always been profitable in every trade you took but simply been consistently profitable in the long run. This is that you can actually have more trades which ended in losses than profits and then still stays in profit because of how you managed each trade. Proper risk management is the key to achieving this where one win can actually over power losses of three trades. This is the reason why you see some traders with a winning rate of less than 50% and they are still profitable because the amount they loss and gain is not the same