Trading without experience and knowledge

[pelana vreo]

Experience is important to take a sell or buy position at the price we want.
In addition to experience, we need basic knowledge, without knowledge in trading we cannot make crypto purchases and transactions, at first glance everything looks easy, but has a lot of risk when we make wrong decisions when we have little knowledge about the coins we want to trade.

[shadowdio]

yes they can trade coins without knowledge but they will likely losing money because for sure they will trade a shitcoins.. I remember my first trades and don't know much about cryptos, I just trading just to make money but too bad that I lost money instead.. Newbies must learn about cryptos and learn strategy in trading, they should read in articles or watch video tutorial about trading..

[kirillshift]

trading without proper knowledge is called gambling you just pick up or down and if you were right, you're in profit, otherwise rekt.
I personally self-educated, but it took from me 6 years to reach 80%+ accuracy... I was doing that to be hired, but eventually I went full-time doing only my trades, recently I decided to create my telegram group so to prove my accuracy and let people copy my trades if they want to, you can check it on Telegram if interested (@BuyMeCrypto).
The best education is to put 100$ into margin account and try everything by oneself. Maybe one can make first $1000 out of it (don't forget to take profit), and then $10K, then $100K, then...

[Hassan50]

Cryptocurrency is not really easy the way people are thinking it is I don't really think trading without knowledge is a really good idea because l believe you will just be wasting money because you have to make research first before buying any coin and if you don't have any knowledge how will you know the right coin to buy.

[Proton]

Knowledge and practice are always needed, but even that is sometimes not enough.  If you invest in high-risk tokens that seem shadowy, they probably are.  You have no right to complain when your initial worries come true.  Have your decision and move on.

[Freemind]

Knowledge and practice are always needed, but even that is sometimes not enough.  If you invest in high-risk tokens that seem shadowy, they probably are.  You have no right to complain when your initial worries come true.  Have your decision and move on.

That is precisely what everyone should do, make their own decisions without being influenced by anyone, the moment we make our decisions (right or wrong) we own our future, for better or for worse. Trading without previous experience or knowledge or being influenced by someone when investing in some coins/tokens are mistakes for which we could pay dearly in the future.

[gotbounty]

Knowledge and practice are always needed, but even that is sometimes not enough.

Sure, sometimes it needs the luck factor. I am sure the luck factor also has a role in trading although it doesn't work every we trade crypto coins. However, strong efforts must be done first before expecting the luck factor. If you have done nothing, the luck won't work or never come.

[Jamal Aezaz]

If you cant identify trends breakouts and predict price targets. YOU SHOULD NOT BE TRADING. PERIOD. Anyone that says the market is unpredictable and TA is worthless should just stick to a savings account or use the acorns app.

[amzexpert]

In my opinion, a person without any experience and knowledge cannot trade or invest because without any knowledge and Experience you do not know that on which coin you have to invest or trade. So i think that you must have a little knowledge about the cryptocurrency.

[collinsjie]

Trading the financial market required experience and knowledge. If you are trading without knowledge and experience, you are gambling with your money and very soon you will be liquidated. You must have strategy that work for you. It takes knowledge and experience to develop strategy that work for you.

[mahid]

Trading without experience and knowledge is like a blind man waking in the street. Any time you can fallen in accident. So it is very much important to acquire your knowledge and experience first otherwise you crypto journey will not be successful. Don't be excited, very beginning just gather knowledge and experience.   

[pieppiep]

usually when there are new traders who do not understand the situation and conditions where the exchange will usually enter directly without looking at the price, but for experienced traders it will wait until conditions are good and find a good position to enter then they will buy the coin, it is very difficult to determine the right time to enter but at least when the price has gone up very sharply then you should wait until the price collapses again because if you force to enter you will be stuck at a high price.

[royalfestus]

An attempt of trading must come with knowledge, and the more you attempt,you gain experience, the first time I traded I never knew I lost much though it was successful but I traded not taking good cognisance of the volatility of the coin. So I sold when the price value was very low. It was later that I discovered that I could have sold the same coin at 6 times higher value. But that was another experience for that moment.

[raisajahan]

We the people who wants to do some thing need to learn first for doing that so crypto trading is not out of that if any one wants to make profit from trading then he or she need to be experienced and knowledgeable other wise he or she will be looser from the market. If any one wants to trade in the crypto sector he or she need to learn technical, historical and fundamental issue about the crypto market. So finally i can tell that without experience and knowledge trading is not possible.

[sampoerna]

whatever someone does, of course, it requires experience and knowledge in it, especially trading that involves our personal assets. Of course it takes knowledge and experience in it to be able to trade well and make a profit. I often fail in trading in the early days of trading, it's all because I don't have enough experience and knowledge in trading so I get a lot of failures and losses in it. that is why it is important to increase knowledge and experience so that we can learn better in trading and minimize losses.