Do you really need to be expert to start trading?

[bitbit97]

I just noticed that the question in general is formed incorrectly. How come someone be an expert, when he starts doing something. Those who start trading are beginners. Those who already have experience in trading (does not matter if it is good or bad), they are already experts. Otherwise it looks like asking if is it possible to learn to ride bicycle, when you already know how to ride.

Anyway, I dont know how expert is really differs from a non-expert? By reaction on clicking sell or buy? By knowing what to buy or sell? You dont need to be an expert to understand what is demand and supply imho. By knowing how to sell more expensive than purchased before? We all know that from our shopping routine. For me there is no need to be expert to start, but it is a must to know about security measures in crypto.

[jeraldskie11]

I see a lot of posts replies that discourage trading.

It is not to discourage the new traders, just to let them know the truth about trading and the realities with it. Some newbies in trading believe that they can easily start making money and become rich once they know how to trade, it is not always so because the process to learning to trade is not a short time, it is something that requires patience and a lot of time to be dedicated towards. Trading is not as easy as you reasoned it to be, it requires a lot of skill.

Maybe their purpose is not to discourage, but the way they describe it seems to discourage them from trading. However, it is often beneficial to prevent people from trading because, according to statistics, the majority of traders fail. So, if a person wants to trade because he is running out of money, it is a bad idea since focusing on money prevents you from making good decisions in the market.

[bayu7adi]

Maybe their purpose is not to discourage, but the way they describe it seems to discourage them from trading. However, it is often beneficial to prevent people from trading because, according to statistics, the majority of traders fail. So, if a person wants to trade because he is running out of money, it is a bad idea since focusing on money prevents you from making good decisions in the market.

I think the goal of new traders who want to make money is to think too simply without any mathematics there. Like an expert's very simple advice "Buy when it's cheap, sell when it's expensive".. these words are very easy to say, and newbies find it easy to do too. even though in its application there are analyzes that need to be mastered as well, and that is not a concern for many newbies.

There are strategies and risk management that are quite complex to learn, and I'm sure many newbies skip this.

Yes, instead of discouraging them, it's a good idea to recommend safe ways to become professional traders, such as recommending them to learn more about technical and fundamental analysis. And learn from experts around you, because face-to-face meetings will create something more intense.

[Gladitorcomeback]

I just noticed that the question in general is formed incorrectly. How come someone be an expert, when he starts doing something. Those who start trading are beginners. Those who already have experience in trading (does not matter if it is good or bad), they are already experts. Otherwise it looks like asking if is it possible to learn to ride bicycle, when you already know how to ride.

If you read the opening post again, you will realize that it's not just a question but he formed the title this way, he is trying to convey the message that one can trade even if they are not experts of the market which is true. So this question in the title means that does a newbie have to become an expert in the market first before they start trading?

One might not need to be an expert of the market but one needs to have enough knowledge about the market to be able to make successful trades despite the failures in the initial stage. Those who are experts of the market were also once newbies but all they did was to keep learning and growing over time, they never gave up because of losses when they first started trading.

[Dr.Bitcoin_Strange]

One might not need to be an expert of the market but one needs to have enough knowledge about the market to be able to make successful trades despite the failures in the initial stage. Those who are experts of the market were also once newbies but all they did was to keep learning and growing over time, they never gave up because of losses when they first started trading.

This is just exactly what I was saying to someone a few days ago; it was an argument regarding how frequent professional traders lose in trading. Professional traders still encounter losses in trading; newbies usually encounter losses in trading; in fact, every trader usually encounters losses in trading, and the OP was right to say that one doesn't need to become a professional before they can start trading. As a matter of fact, because someone can even confirm himself or herself as a professional trader, they must have started trading as newbies; they must have had a series of losses and learned from their mistakes, which made them better traders than they are.

Trading is a progressive skill. First,  we started learning and applying the strategy we learned by engaging in real trades, and we also faced losses to become strong and know how to handle our emotions.

[bitbit97]

I just noticed that the question in general is formed incorrectly. How come someone be an expert, when he starts doing something. Those who start trading are beginners. Those who already have experience in trading (does not matter if it is good or bad), they are already experts. Otherwise it looks like asking if is it possible to learn to ride bicycle, when you already know how to ride.

If you read the opening post again, you will realize that it's not just a question but he formed the title this way, he is trying to convey the message that one can trade even if they are not experts of the market which is true. So this question in the title means that does a newbie have to become an expert in the market first before they start trading?

One might not need to be an expert of the market but one needs to have enough knowledge about the market to be able to make successful trades despite the failures in the initial stage. Those who are experts of the market were also once newbies but all they did was to keep learning and growing over time, they never gave up because of losses when they first started trading.

Then topic name (a question) does not perfectly match his suggestions in first post. Its better be «Here are some tips newbies should follow if they want to improve their trading skill».

With my reply I have answered to topic question with the idea, that after a first trade, a person is no longer a newbie. Long story short, from very childhood people have learned how to buy and sell, what is expensive and what is not, know numbers and can easily figure out that 2 is greater than 1. With such little baggage of knowledge, it is enough to start trading. With little experience of how to use google and what to look for, it is enough to do basic research of an asset. Which makes you dont need to be an expert to start trading.

[AntonietteK]

I would recommend getting started with the little knowledge and resources you have. Practice will allow you to learn and improve. Leveraging trading challenges will also be a plus. Crypto enthusiasts could check what exchanges have to offer. A good example would be Bitget which is popular for crypto events. There is a trading challenge on the MUMU/USDT pair to share in the 760 million MUMU prize pool. This will help you earn extra cash and improve your trading skills. There are plenty of such giveaways on the CEX that one could leverage to improve.

[jeraldskie11]

I just noticed that the question in general is formed incorrectly. How come someone be an expert, when he starts doing something. Those who start trading are beginners. Those who already have experience in trading (does not matter if it is good or bad), they are already experts. Otherwise it looks like asking if is it possible to learn to ride bicycle, when you already know how to ride.

If you read the opening post again, you will realize that it's not just a question but he formed the title this way, he is trying to convey the message that one can trade even if they are not experts of the market which is true. So this question in the title means that does a newbie have to become an expert in the market first before they start trading?

One might not need to be an expert of the market but one needs to have enough knowledge about the market to be able to make successful trades despite the failures in the initial stage. Those who are experts of the market were also once newbies but all they did was to keep learning and growing over time, they never gave up because of losses when they first started trading.

Then topic name (a question) does not perfectly match his suggestions in first post. Its better be «Here are some tips newbies should follow if they want to improve their trading skill».

With my reply I have answered to topic question with the idea, that after a first trade, a person is no longer a newbie. Long story short, from very childhood people have learned how to buy and sell, what is expensive and what is not, know numbers and can easily figure out that 2 is greater than 1. With such little baggage of knowledge, it is enough to start trading. With little experience of how to use google and what to look for, it is enough to do basic research of an asset. Which makes you dont need to be an expert to start trading.

There is no mistake with the topic's name; I used it since I believe it's the best topic name for my post.. What I mean in the "start trading" is that trading with funds. I feel that we may be market experts by just using a demo account, which is why this topic was created. However, I won't argue that your perspective is incorrect because it is yours, and we all have different opinions. But I still appreciate it.

[Sevi]

Expert is not required but beginners should at least be knowledgeable enough in order to manage their coins. It is also important to prevent getting scammed and such. So my answer is no, expertise isn't needed but knowledge is a must.

[LogitechMouse]

Re: Do you really need to be expert to start trading?

Nobody in this world has been born an expert.
We all started as newbies in different things. We all started learn different things as we grew up, and it will be the same with trading.

If you want to pursue trading, you need to learn it, and you don't need to be expert to start trading. Anybody can trade, but not all can be profitable in trading. Being an expert is a no-no. Everybody starts as a newbie with everything, and that includes trading. Now the question is, will you become successful in trading? Being an expert is out of the question. Being profitable on trading is the question.

A lot of traders won't recommend trading if you're a newbie because the risk is so high. Maybe they can say that because they experienced it.

Well, you will never know if you will not try. I don't know why people aren't recommending trading to newbies. I mean I agree that the risk is at it's peak especially when you're a newbie, but at least let them experience trading then they will decide if it's for them or not, right?

[Z-tight]

Expert is not required but beginners should at least be knowledgeable enough in order to manage their coins. It is also important to prevent getting scammed and such. So my answer is no, expertise isn't needed but knowledge is a must.

I actually do not like the word 'expert' in crypto, people use it to deceive and scam newbies, once someone calls himself an expert in crypto, some gullible newbies will believe everything they say and it becomes easy to scam them.

Trading isn't for newbies, they can buy coins and store it, but they need time to trade. If a newbie starts with trading, the chances are very high they won't last long in the network, they may lose a lot of money quickly and call it a scam.

[bayu7adi]

Where do professionals come from? Do they all do special studies for trading?? Maybe some do,... but I'm sure some don't take courses or trading schools to become professionals. This is a process, where the newbie stage cannot be skipped... so every newbie can trade and if they have good intentions and consistency, it is very likely that a newbie will evolve into an expert or professional.

A professional today, was definitely a newbie in the past. So if a newbie starts moving now, in the future he will have the opportunity to become a professional.

[bisdak40]

I see a lot of posts replies that discourage trading.

I used to trade in the last few years and i could say that trading is not for everybody. You've got to have a heart of steel to be a trader, that's my own opinion as per experience, trading was very stressful for me that it could affect our physical and mental health.

[Findingnemo]

Everyone has to begin from scratch but as a newbie, we may not be equipped with all the necessary knowledge required for trading it will obviously take time to experience even if we study hard from various sources.

Trading is quite profitable but day trading is highly inconsistent to make profits so one who traders on a daily basis can lose their profits at one bad trade that takes few days to good trades.

[bitbit97]

Everyone has to begin from scratch but as a newbie, we may not be equipped with all the necessary knowledge required for trading it will obviously take time to experience even if we study hard from various sources.

Trading is quite profitable but day trading is highly inconsistent to make profits so one who traders on a daily basis can lose their profits at one bad trade that takes few days to good trades.

What special knowledge is necessary to start trading? A person who registers at exchange know what is more or less, knows numbers. It takes minutes to get familiar how to trade, where are sell/buy and order book is located. A person see increasing and decreasing numbers. Seems quite simple to start. Not to mention that it usually takes minutes to buy crypto from card for any amount and start trading. Imo it isnt hard to start, it is harder to predict price movement. But that is a different thing. I call it research. To learn to research market or cryptocurrency indeed is complicated. But is very simple to click two buttons, buy and sell.