Do you really need to be expert to start trading?

[Jackie0012]

No, you don't need to be an expert to start trading crypto, but having a basic understanding and doing research will help alot.

[elbans89]

I just want to clarify that all profitable traders start from newbie and I believe that they also experience loses.

You're right, expert trader start from a newbie.
I remember once asking a friend to teach me how to trade. 
He said don't, it's dangerous.  Since then I have taught myself and finally understand the world of trading. 
And I also understand that friends who forbid trading are not good friends. 
He wants to be successful on his own and can't share his knowledge...

[Gurujebs]

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.

I see a lot of posts replies that discourage trading.

Trading is not for newbies, they need to first learn about it because the risk associated with trading is very high and newbies are discouraged from trading so they don’t end up losing their money. Newbies don’t always like the idea of learning and if they skip the learning process to start trading the results will be bad for them, even trading experts still experience losses despite having such knowledge about it that why they discourage newbies from trading. Trading is more profitable than holding but it requires more work and understanding to succeed in it, newbies can trade if only they can acquire the necessary knowledge.

I just want to clarify that all profitable traders start from newbie and I believe that they also experience loses.

My only advice for newbie traders is back test your strategy very well and always follow your trading plan. Avoid the market if you can't see any setup that suit your criteria. Be a disciplined person because this is what you really need if you feel like your emotion is trying to control you.

Newbies are being discouraged because of their negligence of learning first and if they do so with trading the result will be bad for them as they will lose alot of money and have regrets later. If they can properly learn trading and carefully study market and have trading discipline then no one is stopping them from trading because in the end it is their money and their decision.

[Nheer]

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.

Yes, because newbies nowadays prefer to start trading even without enough knowledge about it. Experienced traders highly recommend that beginners should not rush into trading. It's important to gain knowledge and experience to make a profit. Some suggest trying demo trading which is similar to real trading, but you don't have to use your own money.

Knowledge should be everyone’s priority before starting trading because without knowledge you are the risk of losing your investment and that is why newbies are being discouraged not to trade, we know that everyone started off as a newbie and gradually they got to where they are but before getting there they passed through certain processes that thought them the ways of trading. They didn’t just jumped into trading they gradually studied and learned about trading and acquired knowledge of trades but newbies nowadays are known to be neglecting anything that deals with learning first, they just want to skip the learning process and start investing or trading which is bad practice they will end up losing their money.

Trading is a risky business not just for newbies but even for experts that are knowledgeable because knowledge does not guarantee your success in trading it only reduces the risks of running at loss and increasing your chances of getting profits.

[Dzwaafu11]

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.

I see a lot of posts replies that discourage trading.

I just want to clarify that all profitable traders start from newbie and I believe that they also experience loses.

Trading without knowledge is more risky. Nobody discourages trading. The only thing here is that no one should trade without having deep knowledge about it. We are not discouraging people from trading. People are trying to advise newbies that are jumping into the crypto market without knowledge of it.

However, knowledge should be the first thing someone should get before starting trading. Given the fact that even professionals lose in trading, what do you think if someone who doesn’t know anything about the market joins the market? I believe the risk will be too high, and such a person won’t get anything from their investment.

[Thyplaymaker]

As a trader I'm still finding it difficult in controlling my emotions. Most of my losses are being initiated due to my lack I. Managing my emotions.

Sure all successful traders did not just start making it in trading just like that they pass through this stages newbie are passing  now. They pass through countless losses but still they keep on learning from their mistakes.

Most newbies are just In a ease of making it big in trading using uncontrollable leverages inorder to gain ×5 of their  funds being traded. But not knowing would only cause more losses.

So trading not something you can master just in a day and trading don't have a point you can say you have done with the learning stage. Aslong you are trading you also still learning either yah new or old I trading, all you got to do is that take your time to understand more about trading. And how to handle the emotions in it.

[Aanuoluwatofunmi]

You may not have to be a professional before engaging into trading in full, there's a way you can start and begin with the little you can afford for trading after which you might have learned about it for some time, trading has it advantages and disadvantages, but when we are aware of the consequences in what we are doing, we will always play on the safe part and avoid risking our investment fund used on trading and we will be at a safer end.

[MVL~$]

You must know about this when trading. How does it work if you want to trade? You must have a basic idea about how to date etc. Then you can start trading with as little money as you want. You can take expert advice for this if you want.  Still, there is a degree of risk here. But the chances of profit from here are also equal.

[SamReomo]

You must know about this when trading. How does it work if you want to trade? You must have a basic idea about how to date etc. Then you can start trading with as little money as you want.

I would say that if someone wants to be a trader then he/she should first of all remove the emotion of greed from his heart and once it's removed then that person should develop the quality of patience.

After that he/she should begin trading, a trader who isn't greedy and is patient can earn good income as a trader but those who wants to be rich overnight or within a few days or months then they won't get any profits as a trader.

Greed, and impatience are the worst enemies of a trader and if someone doesn't control his/her greed and isn't patient then trading is a kind of a ocean where you through your money and it's lost forever.

[Tribalchief]

I don't believe claiming expertise in trading is accurate. Instead, we should focus on gathering sufficient information essential for trading. The difference between experts and beginners lies in the accumulated knowledge over time. Everyone has the potential to become proficient through learning and consistent practice.

It's crucial to recognize that trading involves numerous emotional challenges, demanding a strong and healthy mindset for overcoming them. Trading may not guarantee success for those entering without a realistic mindset. The ability to bounce back from significant losses is key to staying in the game.

[Lida93]

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.

I see a lot of posts replies that discourage trading.

I just want to clarify that all profitable traders start from newbie and I believe that they also experience loses.

It is not really what should be quoted as a discouragement I believe those posts are just painting trade as naked as it is and to a newbie that sees interest in trading those naked truth shouldn't be something to ignite fear in them but should be a caveat they should use to build their knowledge so we'll before jumping to trades. At least when you have been given the awareness that you will surely lose money and you start losing money in course of you just starting to trade it wouldn't seem shocking and fearsome to you anymore because you were informed beforehand.

 Yes oo you're correct profitable traders today started off as newbies but do you know the story behind their glory today, some could be discouraging if you're are not financially and emotionally strong enough.

[Gladitorcomeback]

At all new buy should not start training, he should learn a little knowledge about trading, trading is not a trivial thing, the loss is more bearable when you are completely ignorant about it. If you don't know where is my buying point, where is your selling point, where will you trade from, New bie can't trade like this, New Way should get some education about it. Then start trading, start trading with a small amount of money, so that even if there is a loss, it will be small and in my opinion, if the teacher of trading who is better, he will get out of the loss and only gain. He will get a lot from trading. Trading is a game of money because in it, you can make as much profit as you can lose as well as you get experience. What is loss and where can I get profit? These all things come from self experience.

[Dr.Bitcoin_Strange]

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.

I see a lot of posts replies that discourage trading.

I just want to clarify that all profitable traders start from newbie and I believe that they also experience loses.

My only advice for newbie traders is back test your strategy very well and always follow your trading plan. Avoid the market if you can't see any setup that suit your criteria. Be a disciplined person because this is what you really need if you feel like your emotion is trying to control you.

Yes, you are right that some traders will usually not recommend trading for newbies, but that only happened before. This time around, trading platforms have upgraded to adding the demo trading feature on their platform, which cannot enable newbies to practice on the demo account and develop some trading skills and their trading strategy before they can start live trading.

I don't discourage newbies from trading, but I advise them to be decisive in investing only the money they can afford to lose.

[sampoerna]

Shouldn't someone who is an expert be someone who has a lot of knowledge and experience, and has gone through many things and has optimal results from various experiences? In terms of trading, an expert trader should be a trader who is experienced and has also made a lot of profits. Well, the problem is that a trading opportunity won't be like that, right?

So in essence, a newbie who wants to start joining trading just needs to prepare himself thoroughly and well, so that he won't be careless, panic and lose control emotionally when trading.

The point is:
- emotionally mature
- Knowledgeably mature
- mature in risk management

So you can make quite good capital while continuing to learn from experience, learn by doing, too.

[taufik123]

-snip-
So in essence, a newbie who wants to start joining trading just needs to prepare himself thoroughly and well, so that he won't be careless, panic and lose control emotionally when trading.

The point is:
- emotionally mature
- Knowledgeably mature
- mature in risk management

So you can make quite good capital while continuing to learn from experience, learn by doing, too.

It looks very simple, but it is not easy to achieve.
Someone who is even professional sometimes will not always mature emotionally, this depends on how things go because a person's mental state will be unpredictable.

And in essence beginners need to know the basic knowledge of trading so that they know what to do.
It's not just about following other people's advice and putting it into practice.

No one really becomes an expert if they haven't mastered everything, haven't had extensive experience and gotten satisfactory results.