Trading without experience and knowledge

[MrSpasybo]

Currently, I see a lot of new people entering the crypto market looking for big profits. Most of them have no experience, no knowledge and they only invest in ICOs/IEOs/IDOs according to the advertisement and place trading orders on Binance according to the signals provided in Telegram group chat. Bullrun makes most of the orders correct but they don't understand the market or the indicators, they are the most vulnerable traders.

[Anonylz]

Currently, I see a lot of new people entering the crypto market looking for big profits. Most of them have no experience, no knowledge and they only invest in ICOs/IEOs/IDOs according to the advertisement and place trading orders on Binance according to the signals provided in Telegram group chat. Bullrun makes most of the orders correct but they don't understand the market or the indicators, they are the most vulnerable traders.

True, even as a newbie back then in 2017 with little or no TAs most of my trade came out in profits because as you said, the market was 8n a bull trend and if most traders don't understand that understanding how the market works and learning the TAs are the fundamentals to trading, they will end up been burn at the end so it is very important to have the experience and knowledge before you really go into trading the market.

[raisajahan]

Crypto currency market is a large market and  more volatile so its a risky for investment. Though its a risky market but it has more potentially than other investment. This potentially is for who has the depth knowledge about the crypto currency market. Without knowledge about market will be more looser. So its so much risky for those who have no knowledge about the market but they have started trading. In my opinion trading without experience and knowledge is not good at all for any trader or investor.

[Anonylz]

Crypto currency market is a large market and  more volatile so its a risky for investment. Though its a risky market but it has more potentially than other investment. This potentially is for who has the depth knowledge about the crypto currency market. Without knowledge about market will be more looser. So its so much risky for those who have no knowledge about the market but they have started trading. In my opinion trading without experience and knowledge is not good at all for any trader or investor.

I agree with you that trading cryptocurrencies with out the proper knowledge is a no no and any crypto investor that wants to make it in the market should definitely get some knowledge about the market and the coin/token intended to invest in. You can never make money trading blindly or maybe by luck but that is not what you want, trading with luck. Investors have to be able to know between 70-80% what the market trend is like so that they can make a decision that will benefit their position.

[joteow]

What I found out, there are not many unique solutions that come with great tech. Would outline Utopia - looks like they are coming with uniqueness on music field. Through the UOP, artists will be able to ask their fans and investors to crowdfund their projects. Their tokenized songs are attributed to The International Standard Recording Code (ISRC), which entails the right to collect revenue for the song, and the ability to distribute the revenue to the people who have sponsored the track. While this is easy to take for granted, the archaic structures of the institutional music industry have limited such seemingly straightforward accounting mechanisms, as evidenced by the Black Box, where billions of dollars are lost every year. Read, would discuss

[Maynul96]

Patience and experienced makes you a successful traders in cryptocurrencies market cap. if you don't have enough patience and experienced, you don't achieve success.

I agree with your own opinion and i believe that, this patients is Very important things for Trading and Crypto life and i believe that Nobody can't make something good ftom Trading without any Patients and Without any Risk. Risk and Patients is too important on Crypto Market.   

[Octoalts]

Things that are difficult for us to do, do something without high knowledge and knowledge or experience. Especially in Cryptocurrency trading, it has a very high risk because of the high fluctuation of Cryptocurrency prices. If we make the wrong decision, our money is sure to lose.

[ayatoslaw]

Things that are difficult for us to do, do something without high knowledge and knowledge or experience. Especially in Cryptocurrency trading, it has a very high risk because of the high fluctuation of Cryptocurrency prices. If we make the wrong decision, our money is sure to lose.

Yes, you will get losses if you make decisions without careful planning, trade management is an important thing to do if you want to minimize losses.
There is one thing you have to do, which is to make a plan before you buy, and this is what differentiates professional traders from novice traders.

[hobo66]

Without planning and experience i saw many people crying now. I advise you to check some youtube expert video and observe the markets and then enter into this market with low amount.
I know you are new to this so I'd suggest learning to be patient. It's really important in the market. Honestly, trading is 90% psychological.

Everything goes down, nothing goes up forever.

You should make a plan and stick with it. Do you want to trade/scalp or hold long term?

[piqulhdt28]

I think trading should have knowledge first and be studied so as not to experience a big risk, just like playing crypto if we don't understand the knowledge we won't be able to get big profits.

because basically people who trade must have a goal to make more money.

[Prime]

can someone trading without experience or knowledge?

It is possible but should be very risky. I think we must have sufficient knowledge first before we start trading or investing in a crypto coin. Trading and investing in crypto coins are very risky activities, it is not recommended to do without good knowledge about it. There are already many people who failed trading or investing in crypto because they just rely on luck. We cannot rely on luck only, trading or investing in crypto needs sufficient knowledge and experience.

[Markuri33]

If you want to trade, you must have a good idea about all aspects of cryptocurrency. He who can analyze the market in cryptocurrency will definitely make a profit by trading. So I would tell everyone not to trade futures because you can never make a profit by trading futures. Future trading is like gaining time like gambling and once again the amount of dollars you have is gone.

[Limabd]

The crypto market is one of the largest market in the world. Many countries in the world support the crypto market. This market is very risky for business or investment. The nature of this market is instability. It is difficult to say when the value of the market will decrease and when it will increase. But of course it is a profitable market. But without experience or knowledge, business and investment in this market will be much more risky.  It is usually difficult to do anything without experience or knowledge. In my opinion business and investment should be done here with knowledge or experience about the market. I hope you will benefit from this.

[dautuonline]

if you have no knowledge then sooner or later you will lose all your money. It is best to gain experience, skills and knowledge in the market.

[Mistroy]

If you want to trade in the cryptocurrency market, you must have previous experience.  Otherwise, no matter how big the type of trading, you will have to face a lot of risks.  Prior experience is required to do anything.  It is not possible to achieve success in any work without previous experience.  So before going into trading you need to know about the market.  You have to work hard.  You have to spend more and more time on cryptocurrency.  Can trade after having all the experience about the market.  Otherwise you can lose all your capital.