Trading without experience and knowledge

[Ronald]

It is natural to get good results if you have good skills on any subject. Trading platform is a game of intellect whose knowledge is as much as the amount of profit.

[Raqeebzy]

Yeah. Obviously. Though there is limit to that. If knowledge isn't about knowing how to place orders in exchanges. 
There can be traders with absolutely no technical knowledge and I am actually a living proof though I have a bit which I don't apply. Fundamental news can be applied in trading and traders can make profits through that only.

[MOProgress]

If you completely copy transactions n, for example, it is available on the Dexe platform, if your deposits are approximately equal and the trader is very professional, you will be able to make money with him! It is better to trade yourself, because it is not always possible to close at the same moment as the one you are following! It can be profitable with good setup and care!

[tamango]

I am sure that trading without experience is impossible, I tried to copy trades from youtubers and traders to twitter, I could not make the kind of profit they describe! It is more comfortable for me to trade, all responsibility is on me!

[Spaffin]

I am sure that trading without experience is impossible, I tried to copy trades from youtubers and traders to twitter, I could not make the kind of profit they describe! It is more comfortable for me to trade, all responsibility is on me!

Never use signals or advice from strangers, because you will lose more than you earn. The point is that it is better to learn how to trade personally and gain personal experience.

[gabbie2010]

I believed the only available option for any newbie trading without experience and knowledge is to buy a coin at dip and hodl for a long term perspective however embarking on the real trading like buying and selling using technical analysis and other indicators without a proper training will result to rekting of such a person investment, statistically 95% of traders losses funds in forex trading because lack of experience and knowledge

[Altcoin1998$]

It's my main regret that I already lost more than 1300 dollars trading in Binance future trade with 10 times leverage trading. Because I have no previous experience about trading. I realise that practice makes a man perfect.

[tvplus006]

It's my main regret that I already lost more than 1300 dollars trading in Binance future trade with 10 times leverage trading. Because I have no previous experience about trading. I realise that practice makes a man perfect.

All traders lose their money when they start using margin. But these losses will be much smaller if you first learn to trade with a profit on the spot market.

[Dreamer]

But as the cryptocurrency ecosystem develops, there are lots of trading signals that eventually make many cryptocurrency enthusiasts who have no experience or knowledge of trading try to trade in order to find daily profits.

In your opinion, can someone trading without experience or knowledge?

No, this is not possible unless they trade with support from an experienced trader! Trading needs knowledge and good strategies to earn profit and that is why 30% out of 100% can earn profit from trading. I can compare trading without knowledge with someone who likes to become a giant web developer but he always using CMS's like Wix to create websites (buying a ready-made theme instead of coding anything he wants from scratch)! I mean using signals may generate a little profit though sometimes you will earn nothing, trading with knowledge will boost profits because you will be understanding everything yourself, and will be easy for you to make your own technical analysis instead of using signals 100% so it's obvious you'll earn good profit.

[Filo]

Sometimes, lack of knowledge and experience is better. People who has not witnessed January 2018 are bolder than us and they earn more than us

[Triedboy]

Of course trading requires good experience in cryptocurrency. Despite having a lot of experience, many people have lost a lot by trading. That is why there are many telegram groups who will trade about cryptocurrency pumps and dumps. In that group, it is seen how much the price of a token will increase and if it is bought and sold accordingly, I think it is possible to make a profit.

[tvplus006]

I am sure that trading without experience is impossible, I tried to copy trades from youtubers and traders to twitter, I could not make the kind of profit they describe! It is more comfortable for me to trade, all responsibility is on me!

In 2017, I had no experience trading on a cryptocurrency exchange, but I was trading very profitably. Because trading in the bull market is very simple: you buy a coin today, and tomorrow you sell it with a profit. But then it's hard for a beginner to keep their earnings when the market becomes bearish.

[alltalk]

Trading without experience can be acceptable but trading without knowledge is a bad idea. It is a basic thing to have before you start trading, learning first to have basic knowledge should be done by all traders. Crypto trading has a high risk, you will be in trouble if you have no knowledge of it. You must know the characteristics of the crypto market, how to deal with fluctuation/volatility, when to buy-sell, and many other things.

[Anonylz]

Trading has become an activity that is often carried out by cryptocurrency enthusiasts, when you hold coins you are indirectly required to understand how to trade, at least how to sell and buy on exchanges is general knowledge that every cryptocurrency enthusiast must have.

But as the cryptocurrency ecosystem develops, there are lots of trading signals that eventually make many cryptocurrency enthusiasts who have no experience or knowledge of trading try to trade in order to find daily profits.

In your opinion, can someone trading without experience or knowledge?

You already said it. Even as a holder, you still need to have that bit of trading knowledge on how to buy and how to sell your cryptocurrency assets and that is the bottom line. With out this basic knowledge, it will be almost impossible for any crypto investor to trade crypto unless you want to employ someone to do it for you which is out of this equation. Moreover, if you want to do daily trading then you need to have a deeper understanding of how the market work, understand some TAs that would aid you in making some decisions on your own.

[Jaya60]

If you want to trade, you must have good knowledge and experience in cryptocurrency, then you can get good results by trading.  I traded a few days ago and first gained something from there and then fell into huge losses.  That's why I think it's best to have experience with all aspects of cryptocurrency before trading.