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Author Topic: Trading without experience and knowledge  (Read 36901 times)

Offline ayatoslaw

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Trading without experience and knowledge
« on: November 25, 2020, 06:45:18 AM »
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?

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Trading without experience and knowledge
« on: November 25, 2020, 06:45:18 AM »

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Offline Vispilio

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Re: Trading without experience and knowledge
« Reply #1 on: November 25, 2020, 07:33:02 AM »
I was asked this question on an interview about crypto trading and hedge funds, I gave the following answer which I like to share here since I believe it summarizes the topic well:

Quote

4.1. Do crypto traders need special education?

"In my experience trading as a profession is one of the most difficult pursuits out there, so anyone who wants to generate income through trading needs a very rigorous education."



Offline susishine

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Re: Trading without experience and knowledge
« Reply #2 on: November 25, 2020, 07:36:49 AM »
trading without experience and knowledge is very risky what else for those who use large capital will be very risky to lose a lot
This is what I always remind my friends who are first entering the world of trading, first learn how to analyze the market otherwise it's like you are gambling

Offline saprakib

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Re: Trading without experience and knowledge
« Reply #3 on: November 25, 2020, 05:24:40 PM »
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?
Its really tough for a newbie who even don't know how to trade. Without experience one can loose his fund even he foolow a experienced trader. I think need to study before doing trade. 
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Offline ayatoslaw

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Re: Trading without experience and knowledge
« Reply #4 on: November 26, 2020, 12:38:44 AM »
4.1. Do crypto traders need special education?

"In my experience trading as a profession is one of the most difficult pursuits out there, so anyone who wants to generate income through trading needs a very rigorous education."


If Trading as a profession of course requires experience and knowledge, but what if someone only wants to do day trading but trading is not a profession, is knowledge and experience really needed? :)

Offline Vispilio

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Re: Trading without experience and knowledge
« Reply #5 on: November 26, 2020, 05:37:39 PM »

If Trading as a profession of course requires experience and knowledge, but what if someone only wants to do day trading but trading is not a profession, is knowledge and experience really needed? :)

For sure they are needed, even if you want to make only a few trades / year. It's one of the most famous maxims in the industry that a great trader is only made after he gets rekt / liquidated a couple of times...

Anyone, even a child can take a gamble on a big trade and realize short term gains. Human nature and market dynamics make it an almost certainty that these rookies, should they continue to trade, will end up losing all of their profits, and in most cases far more than that, and fairly quickly too...

Offline H2O

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Re: Trading without experience and knowledge
« Reply #6 on: November 29, 2020, 11:18:51 PM »
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.

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Re: Trading without experience and knowledge
« Reply #6 on: November 29, 2020, 11:18:51 PM »


Offline Galaxy

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Re: Trading without experience and knowledge
« Reply #7 on: November 30, 2020, 03:42:33 PM »
Ignorant people are like animals. Because a person who has no knowledge of cryptocurrency will never be able to trade. So I think those who trade should have knowledge and experience.

Offline hasyurt

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Re: Trading without experience and knowledge
« Reply #8 on: November 30, 2020, 08:52:10 PM »
It can be very difficult to trade, especially if you do not have experience in crypto businesses.
Someone with poor knowledge can lose everything.
However, crypto did not have to buy tokens and wait for a long time as before. Most people who buy tokens are looking to sell the coin in a short time and get a profit.



Offline ranaprime

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Re: Trading without experience and knowledge
« Reply #11 on: December 03, 2020, 09:46:59 PM »
The knowledge and consciousness are the key to success of trading. It is very dangerous for everyone to trade without experience because it is a matter of your assets or money. If you do it wrong then you will loss your assets or money.

Offline EAA-ALLAH

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Re: Trading without experience and knowledge
« Reply #12 on: December 03, 2020, 11:44:29 PM »
Ignorant people are like animals. Because a person who has no knowledge of cryptocurrency will never be able to trade. So I think those who trade should have knowledge and experience.
Of course you are absolutely right because without any knowledge and experience, no can do well in cryptocurrencies market/ trading. He should have enough knowledge and experience about trading, projects and exchanges.

Offline Churphans

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Re: Trading without experience and knowledge
« Reply #13 on: December 04, 2020, 04:57:56 AM »
Trading without knowledge and experience same like to searching any goals without addresses. So better experience and knowledge is very important to trade. otherwise you should get losses instead of profits.

Offline Ronald

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Re: Trading without experience and knowledge
« Reply #14 on: December 04, 2020, 06:03:09 AM »
We know that crypto currency is the high risky platform. Here without experience and knowledge it is ‍unimaginable. Every one should have proper knowledge at least he or she must have the basic knowledge of Trading.
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