To trade, you need to have a good knowledge of the market

[Callisto]

Trading on the exchange can be both profitable and unprofitable. I advise beginners to first trade on demo accounts, gain experience in trading, then pour in their hard-earned money and earn.

[salvator11]

Many people have the assumption that trading is gambling. But only a few know the concept of calculated risk. Anyone who wants trade should know what type of trader you are. Trading without knowing your risk appetite is very harmful to your pocket. Before jumping directly everyone should figure out their trading style. Excel is always our friend, write down every single trade, and analyze the data every weekend or every month. Try to figure out ways to reduce your risk and maximize profit. Believe me, even if you have an accuracy of 50% with the right risk to reward you can make a lot. And a piece of advice to everyone who is starting fresh, FOMO is real and if someone invests based on advice without doing any research you will lose all your hard-earned money.

[Willitivity1]

Before any one decides to begin his/her trading journey, it's always important to have at least a basic knowledge of how it works, yeah trading can be very profitable but at the same time the risk involved is very high and without a proper trading strategy you could end up losing all your money, so having a good knowledge about trading helps you to make the right decisions.

[tamango]

I think that for a really profitable trade, it is more the dispensation and psychology of a person that decides and less the understanding of the market!

[Arkann]

I think that for a really profitable trade, it is more the dispensation and psychology of a person that decides and less the understanding of the market!

If a person does not have certain knowledge, skills and understanding of trading in the cryptocurrency market, then no emotions and personal characteristics of a person will help him get good results from his activities. Although all these factors work in tandem very effectively.

[Evgenklm]

Without basic knowledge in the field of cryptocurrency and trading, it is almost impossible to trade for profit, so you need to first study the market situation and the coins you want to invest in, then you need to make an informed decision.

[Churphans]

Trading on the exchange can be both profitable and unprofitable. I advise beginners to first trade on demo accounts, gain experience in trading, then pour in their hard-earned money and earn.

Only beginners should trade on their demo account with Bitcoin and Ethereum trading. They also can use Binance wallet because binance exchange wallet is more appropriate for beginners.

[Nostoman]

To invest in any cryptocurrency, you must have knowledge of cryptocurrency to be more profitable. This means that the investor can be happy with the profit only when he invests with full idea.

Need more than luck to succeed in affiliate business. If you want to invest, you need to know well about cryptocurrency. You need to know about the existence of every new project in the market. Only then is it possible to succeed in every investment.


Investing without knowledge and experience in the cryptocurrency market is detrimental to any investor. So if you want to know more, you must observe the market.

[Rafiq]

Although trading in cryptocurrency is very profitable at present, the task is not so easy. To do well in trading you need to have a good knowledge of cryptocurrency, know about market movements, choose the right currency. In particular, you need to know about the project in which you want to invest, learn about the current and future plans of the project, the project team, etc.; Only then will you get success otherwise there is a possibility of loss.

[whyrqa]

Although trading in cryptocurrency is very profitable at present, the task is not so easy. To do well in trading you need to have a good knowledge of cryptocurrency, know about market movements, choose the right currency. In particular, you need to know about the project in which you want to invest, learn about the current and future plans of the project, the project team, etc.; Only then will you get success otherwise there is a possibility of loss.

I believe that for safer trading, you can initially choose only those assets that are always in constant demand and have a large daily trading volume. and, of course, with certain skills to conduct a technical analysis of the chart, with monitoring periods, you can get a fairly good income. But nevertheless, this requires experience.

[monig18]

Yes of course ,knowledge is very essential for trading. Without knowing anything about it will be very risky.For Trading it is necessary to know about charts,indicators,support and resistance .Along all these we should know about money management, risk reward ratio.

[Nikawe]

Obviously a good trader should have good knowledge about market, coins , price speculation and supply. If he has not enough knowledge about market, he can get  possibilities of being losses.

[Maynul96]

For Crypto currency Trading we can easily create a Account without any cost, it is totally free of cost. But for Earning from Crypto trading,  we need to more Idea,  about crypto market otherwise it is impossible to make money from Crypto trading.             

[kulkhan]

Sure, For Trading You have to  Good Knowledge About the Market. And you Have to study About cryptocurrency market. Without Proper Knowledge you will be loser. Trading Is no too Earlier. Who are Trading without knowledge about the Market he losing his valuable Money. So i told at first we have to gather knowledge then come to trade.

[mohdelayo]

Trading is not a gamble, rather its a professional field. To begin trading, one will definitely need to understand technical analysis, fundamental analysis and sentimental analysis. + One will need a practical experience which will be accrued over and and will contribute in building confidence in trading skills and patterns.