Do you really need to be expert to start trading?

[taufik123]

Yes, I have to admit and agree with what you said that the situation when it is red is the right time to sort out what has the potential to increase, and we buy it and hold it until it returns to green.
-snip-

But in fact in some instances or trades that I know, many of the beginners just buy when it's already FOMO and don't have any money reserves anymore because they go all in without any management, it's even a stupid act. It is no longer a profit, but panic and finally sell at a loss when the market is down.

Don't just expect green time, you can also take advantage of red time to buy more so that there will be more profits to be made when the market returns to green time.

This could be a two-way trade with the Futures trading method, but the risk will be greater, and you will have to master technical analysis and trading fundamentals. Don't just go in and out because everything has predictions.

[albon]

Practice and experience will always lead you to perfection. The more a beginner learns the more perfect he becomes. He should learn all the time, know everything well, go to a trading expert and know everything about the risks and possibilities of trading. And always practice demo trading. Demo is very important for a newbie. And start with a small amount of money, which you can afford to lose.

Definitely agree with your reasoning. But whenever you start practice then your interest in trading will increase. Also at first you will have many mistakes and will not be able to trade perfectly. So you should start trading with small funds to gain experience to minimize losses. In reality you will make mistakes every time you start trading but you will correct the mistake so that it does not happen again. Even i agree with we all should practice more demo trading.

[electronicash]

Practice and experience will always lead you to perfection. The more a beginner learns the more perfect he becomes. He should learn all the time, know everything well, go to a trading expert and know everything about the risks and possibilities of trading. And always practice demo trading. Demo is very important for a newbie. And start with a small amount of money, which you can afford to lose.

Definitely agree with your reasoning. But whenever you start practice then your interest in trading will increase. Also at first you will have many mistakes and will not be able to trade perfectly. So you should start trading with small funds to gain experience to minimize losses. In reality you will make mistakes every time you start trading but you will correct the mistake so that it does not happen again. Even i agree with we all should practice more demo trading.

you will not feel the pressure when you just keep playing the demo. demo trading is just good for learning how the indicators work but if you learn how it works, just do it in your real account. trading just a few USD will already make you wanna trade with your best decision.  when you only do it on demo, you're just going to play it like you won't care whether you gain or not.

just when you learn a little on demo by setting up your indicators, try just trading with a few USD. i think $100 will already be something you will not want to lose.

[bayu7adi]

you will not feel the pressure when you just keep playing the demo. demo trading is just good for learning how the indicators work but if you learn how it works, just do it in your real account. trading just a few USD will already make you wanna trade with your best decision.  when you only do it on demo, you're just going to play it like you won't care whether you gain or not.

just when you learn a little on demo by setting up your indicators, try just trading with a few USD. i think $100 will already be something you will not want to lose.

Most exchanges do not provide demo accounts... and as far as I know, demo accounts are only available on gambling platforms, some claim that the platform is a trading platform, when in fact it is a binary options platform which is not much different from gambling...

If you want to find trading experience, try with $10 on binance or bybit, some of the features there are quite complete... and $10 is the amount that I even think can be used for learning... the value will of course increase gradually as you are ready to trade.

[Rubel007]

you will not feel the pressure when you just keep playing the demo. demo trading is just good for learning how the indicators work but if you learn how it works, just do it in your real account. trading just a few USD will already make you wanna trade with your best decision.  when you only do it on demo, you're just going to play it like you won't care whether you gain or not.

just when you learn a little on demo by setting up your indicators, try just trading with a few USD. i think $100 will already be something you will not want to lose.

If you want to find trading experience, try with $10 on binance or bybit, some of the features there are quite complete... and $10 is the amount that I even think can be used for learning... the value will of course increase gradually as you are ready to trade.

Agreed, to learn trading I think it is important to learn by real trading with some money rather than trading with a demo account. If you have to lose money to learn there is no loss. But if someone is completely new to trading then he can learn it with a demo account. When a person gains experience from real trading, his sense of loss and profit will be most effective. At that time more concentration will work in him which will not be visible with a demo account.

[bitterguy28]

At that time more concentration will work in him which will not be visible with a demo account.

it might be possible that a beginner does not take trading seriously since he knows that there are no real consequences to bear however it could also happen that a beginner becomes too anxious to actually do anything if he dives right into the real thing

being objective and focused are traits that a trader must have before he even tries trading a little practice should be enough but you don’t need to be such an expert to start trading

[Dr.Bitcoin_Strange]

Agreed, to learn trading I think it is important to learn by real trading with some money rather than trading with a demo account. If you have to lose money to learn there is no loss. But if someone is completely new to trading then he can learn it with a demo account. When a person gains experience from real trading, his sense of loss and profit will be most effective. At that time more concentration will work in him which will not be visible with a demo account.

This isn't the case for everyone, it's true that when some people learn trading with a demo account,  they may not focus on risk management but more on how much profit they can make since they're not using real money. But often happens to people who are learning on their own. Most trading courses online or trading schools often use demo accounts to teach and instruct their students and they apply everything as though it was a real account and they make sure their students know the importance of risk management while trading, and this often works for them, and their are also individuals who learn with a demo account and still learn and trade with extreme caution like it was actually a real account,  so this is completely dependent on the individual involved.

[MrSpasybo]

it might be possible that a beginner does not take trading seriously since he knows that there are no real consequences to bear however it could also happen that a beginner becomes too anxious to actually do anything if he dives right into the real thing

being objective and focused are traits that a trader must have before he even tries trading a little practice should be enough but you don’t need to be such an expert to start trading

A Demo account is a great option for newbies to understand the rules of this market, at least in terms of knowledge. Traders will gain a basic understanding of indicators and tools in the market, learn how to make decisions and manage trade orders. This can help traders save a lot of unnecessary losses.

I agree that traders can start trading with a real account even if they are not yet experts, as experts are those with a lot of experience. Traders can accumulate experience using their own knowledge to make decisions and generate both profits and losses. This is a long journey, and I advise new traders not to use more than 20% of their capital for this stage, otherwise, they will lose all their capital to be able to continue existing in the market.

[Sim_card]

it might be possible that a beginner does not take trading seriously since he knows that there are no real consequences to bear however it could also happen that a beginner becomes too anxious to actually do anything if he dives right into the real thing

being objective and focused are traits that a trader must have before he even tries trading a little practice should be enough but you don’t need to be such an expert to start trading

A Demo account is a great option for newbies to understand the rules of this market, at least in terms of knowledge. Traders will gain a basic understanding of indicators and tools in the market, learn how to make decisions and manage trade orders. This can help traders save a lot of unnecessary losses.

I agree that traders can start trading with a real account even if they are not yet experts, as experts are those with a lot of experience. Traders can accumulate experience using their own knowledge to make decisions and generate both profits and losses. This is a long journey, and I advise new traders not to use more than 20% of their capital for this stage, otherwise, they will lose all their capital to be able to continue existing in the market.

It will be better for a new trader who wants to understand have improve his kn3on trading to practice with real account instead of demo
This is because demo does not put the market on the right condition just like the real market and what you are seeing on demo trading will be different from real trading because real funds is not involve. 20% of capital is too high to use for practice when learning how to trade, instead the new trader should use as amount as little as 1-5% of his capital so that he will not be affected by his losses. Only use an amount that you can afford to lose when trading because the chance of you running at loss is higher than making profits.

[Dr.Bitcoin_Strange]

It will be better for a new trader who wants to understand have improve his kn3on trading to practice with real account instead of demo
This is because demo does not put the market on the right condition just like the real market and what you are seeing on demo trading will be different from real trading because real funds is not involve. 20% of capital is too high to use for practice when learning how to trade, instead the new trader should use as amount as little as 1-5% of his capital so that he will not be affected by his losses. Only use an amount that you can afford to lose when trading because the chance of you running at loss is higher than making profits.

Regardless,  by Practicing with a demo account,  you'll o lying intend to improve your trading skills and chosen strategy, the demo account indeed may not have the perfect market condition or a comprehensive list of trading options as a real account does. It's true that Practicing with a real account using very little percentage of your funds which you can afford to lose can be prove to be a more effective way for a Newbie to learn trading, but then again, wouldn't you agree that it can also be more helpful to at least learn the basics of trading without actually having to risk any money, and maybe after you've completely understood the basics of trading then you can use a real account and then risk a smaller percentage of your funds which of course you can afford to lose.

[lepbagong]

you will not feel the pressure when you just keep playing the demo. demo trading is just good for learning how the indicators work but if you learn how it works, just do it in your real account. trading just a few USD will already make you wanna trade with your best decision.  when you only do it on demo, you're just going to play it like you won't care whether you gain or not.

just when you learn a little on demo by setting up your indicators, try just trading with a few USD. i think $100 will already be something you will not want to lose.

If you want to find trading experience, try with $10 on binance or bybit, some of the features there are quite complete... and $10 is the amount that I even think can be used for learning... the value will of course increase gradually as you are ready to trade.

Agreed, to learn trading I think it is important to learn by real trading with some money rather than trading with a demo account. If you have to lose money to learn there is no loss. But if someone is completely new to trading then he can learn it with a demo account. When a person gains experience from real trading, his sense of loss and profit will be most effective. At that time more concentration will work in him which will not be visible with a demo account.

Rather than learning because of theory, then with direct practice it will be easier to know where the mistakes that have been made are and not repeat them again for the umpteenth time, but it is always problematic with risk, for that it must be started with a small value first and then added every time until you are sure you know how.
It is indeed not easy to want to do it at first, because you will be afraid of losing funds that will be used for trading, but if you don't start, then it won't go well.

[Sim_card]

It will be better for a new trader who wants to understand have improve his kn3on trading to practice with real account instead of demo
This is because demo does not put the market on the right condition just like the real market and what you are seeing on demo trading will be different from real trading because real funds is not involve. 20% of capital is too high to use for practice when learning how to trade, instead the new trader should use as amount as little as 1-5% of his capital so that he will not be affected by his losses. Only use an amount that you can afford to lose when trading because the chance of you running at loss is higher than making profits.

Regardless,  by Practicing with a demo account,  you'll o lying intend to improve your trading skills and chosen strategy, the demo account indeed may not have the perfect market condition or a comprehensive list of trading options as a real account does. It's true that Practicing with a real account using very little percentage of your funds which you can afford to lose can be prove to be a more effective way for a Newbie to learn trading, but then again, wouldn't you agree that it can also be more helpful to at least learn the basics of trading without actually having to risk any money, and maybe after you've completely understood the basics of trading then you can use a real account and then risk a smaller percentage of your funds which of course you can afford to lose.

Yea starting with demo account is good for beginners who don't have any knowledge on trading so that they can understand the basic knowledge of trading. However, it will make trading look easier and the newbie can think trading is easy and rush going into real trading with huge amount of money which will make him run at loss. You should know that trading is very complex and to me for new beginners, it is like gamble and that is why they need to start practicing with real account so that they can choose if they will continue risking their funds on learning or not. This is reason why a trader should only use the amount of money that he can afford to lose when trading to have a real trading experience in other for him to improve gradually.

[Dr.Bitcoin_Strange]

Yea starting with demo account is good for beginners who don't have any knowledge on trading so that they can understand the basic knowledge of trading. However, it will make trading look easier and the newbie can think trading is easy and rush going into real trading with huge amount of money which will make him run at loss. You should know that trading is very complex and to me for new beginners, it is like gamble and that is why they need to start practicing with real account so that they can choose if they will continue risking their funds on learning or not. This is reason why a trader should only use the amount of money that he can afford to lose when trading to have a real trading experience in other for him to improve gradually.

That's why I said trading is all about perspective.  With or without a demo account,  beginners can develop a misconception about trading, depending on the source they get their information from. Let's say for example,  a beginners who is following up an online trader and influencer could follow up an exaggerated trend of the influencer, and he'll think that trading is that easy, not realizing that these online influencer ls can overhype and over exaggerate things in order to gain followers and generate traffic on their page, and users who follow these informations and make financial decisions based on these information,  you could still end up in losses.

[bayu7adi]

Yea starting with demo account is good for beginners who don't have any knowledge on trading so that they can understand the basic knowledge of trading.

It is only good for knowing how to buy and sell, take buy orders or place buy orders... not for how to analyze the market... demo accounts now seem to have been abandoned, except in gambling platforms such as binary options trading... even Binance and other large exchange platforms do not provide demo accounts for real trading simulations, which means that demo accounts on exchanges are currently not the main thing.

[lepbagong]

Yea starting with demo account is good for beginners who don't have any knowledge on trading so that they can understand the basic knowledge of trading.

It is only good for knowing how to buy and sell, take buy orders or place buy orders... not for how to analyze the market... demo accounts now seem to have been abandoned, except in gambling platforms such as binary options trading... even Binance and other large exchange platforms do not provide demo accounts for real trading simulations, which means that demo accounts on exchanges are currently not the main thing.

If there is a demo account, you can do it, but if there is no more, then the best way. I think the way to analyze the market is in a real and direct way, but it does experience a dilemma which can be a threat of direct loss that can make. But afraid to do it again, but if you don't do it immediately, you won't know where the mistakes are that we should have avoided. For that it is better to do it with a small nominal first so that there is minimal risk if it happens, so that there will be confidence to continue to be able to do it again.