Trading without experience and knowledge

[Freemind]

My problem was I knew to take it out in September and I did for a few days but got anxious and bought a ton more when prices first dropped a bit. Had I used my head I would have waited
I started with crypto on oct 28th 2021 invested 42k between oct and december and been holding since. As of today, im 39% down.

You may have done things too fast, but that's just my personal opinion. Anyway, now the best thing to do is wait until you get your initial investment back, and if you don't need the money, wait for the market to pick up a bit and make a profit. As we know, while you don't sell you don't lose, and if you have a waiting margin you can earn money, it all depends on your personal need and what you want to do with your investments, that's why I think it's best to wait.

[Dora Walletinvestor]

Still, if they have now experienced and knowledge, they also profit from trading through signals; some experienced people are selling signals for crypto trading. Hence, those who have no experience in the market can buy altcoin signals and can buy upon their signals and trade with their advice.

I think this is pretty risky, it is best to be knowledgeable even if you trade with signals and such. It is difficult to find trustworthy sources.

[doc]

Still, if they have now experienced and knowledge, they also profit from trading through signals; some experienced people are selling signals for crypto trading. Hence, those who have no experience in the market can buy altcoin signals and can buy upon their signals and trade with their advice.

I think this is pretty risky, it is best to be knowledgeable even if you trade with signals and such. It is difficult to find trustworthy sources.

I get the point big your opinion,  It is difficult to find trustworthy sources.
Yeah , I think It's really difficult to get good signal , because I never join signal telegram group which share signal accurately.
They just shared, But not accurate.
Trading always need experience and knowledge, So we should learn about crypto every time.

[kriptopoulin]

trading without expereince and knowledge is Gambling.

[innerpumper]

In your opinion, can someone trading without experience or knowledge?

I'm sure it can, but it won't be able to consistently generate profits.
We have to learn a lot of basic fundamentals and technicals to help us make decisions to buy or wait, sell or wait.
Experience is even more important, don't ever be traumatized when we lose in trading, make it a valuable experience
so it won't happen again. make it a lesson, from there it means we need experience and knowledge

[therozaq]

In your opinion, can someone trading without experience or knowledge?

I'm sure it can, but it won't be able to consistently generate profits.
We have to learn a lot of basic fundamentals and technicals to help us make decisions to buy or wait, sell or wait.
Experience is even more important, don't ever be traumatized when we lose in trading, make it a valuable experience
so it won't happen again. make it a lesson, from there it means we need experience and knowledge

If you say It can, someone can trading without experience and knowledge , it's just luck.
It won't continue and consistently.
I agree with we should have knowledge about fundamental and technical analysis, it will make us to know more about progress coins and market condition.
Not easy, but we can learn it.

[masudginanjar]

Experience will bring their experience to their true selves in the cryptocurrency space so in my opinion trading without experience and knowledge will often make mistakes and that is very fatal.
I also used to before entering cryptocurrency I tried to learn what Bitcoin is and how it works and then I was also taught by my friends so that I can get excessive profits, hopefully in this forum all members have experience and knowledge before entering cryptocrurency trading .

[kent47400]

If we trade and without sufficient knowledge in the cryptocurrency space then I certainly don't want to start something like that because if you force it, it will feel very upsetting.
We can see a lot of cryptocurrency traders are out of work now because they definitely choose to trade crypto without any trading knowledge and experience, and what happens they always blame the market and that in my opinion is unethical.

[dekafee79]

If we trade and without sufficient knowledge in the cryptocurrency space then I certainly don't want to start something like that because if you force it, it will feel very upsetting.
We can see a lot of cryptocurrency traders are out of work now because they definitely choose to trade crypto without any trading knowledge and experience, and what happens they always blame the market and that in my opinion is unethical.

They will blame market when they lost, you're right
Yeah, knowledge and experience is important for trader.
We can do trading well without experience and knowledge.
How to know about signal, learn the chart and habit of market If we didn't have experience and knowledge.
It seems impossible to know everything.
Trading is managing fund, It's also need knowledge.

[cheezcarls]

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?

I don’t think so. It’s like can you drive without experience or knowledge? Of course not.

If you are a newbie or beginner, start with the basics first. At least having a basic experience is necessary. In my opinion, the only basic stuff that a newbie or beginner must do in crypto trading is how to deposit and withdraw, set buy and sell order (as well as TP/SL), limit/market order, etc.

[Sumi]

With out knowledge and Experience is like Jumping and drowning in the river without knowing how to swim.Trading is so risky without knowing Basic fundamental and technical Analysis.We should learn first and then take entry in this field.

[PlatinX]

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[damsix]

Cryptocurrency trading requires experience, knowledge and various supporting factors in order to make a profit, but sometimes the field is always different when you start trading.
For example, someone who is an expert in trading in cryptocurrencies, maybe 5 years of trading but when there is bad news and Bitcoin goes down, all altcoins also go down and the trader, even though he has 5 years of trading experience, his asset portfolio is still declining (sold at a loss).

[legend45]

Cryptocurrency trading requires experience, knowledge and various supporting factors in order to make a profit, but sometimes the field is always different when you start trading.
For example, someone who is an expert in trading in cryptocurrencies, maybe 5 years of trading but when there is bad news and Bitcoin goes down, all altcoins also go down and the trader, even though he has 5 years of trading experience, his asset portfolio is still declining (sold at a loss).

Beside have good knowledge and experience, trader must have good management to manage emotions.
As you said, when the bitcoin goes down, we should keep calm and don't sell loss
Because crypto currency is unpredictable and high volatile.
Trading always needs experience, knowledge and good management emotion.

[Exio.Tech]

Trading without huge experience is possible that's why there are specific bots for newcomers to use and make profits. You can use a common trading bot that will trade in your favor meanwhile you will learn more about trading.