Quote from: sana54210 on July 30, 2023, 06:23:43 PM

Quote from: Bitcoin_people on July 26, 2023, 12:31:59 PM

It is true that it is never possible to acquire trading knowledge by reading books, trading requires experience. If a newbie wants to start trading, first of all he needs to research everything about the Bitcoin market. Of course, if they cannot do research in the first instance, they should seek advice from those who are experienced and knowledgeable about the Bitcoin market and trading. In the case of trading, one must understand the market position and be careful about when buying will be profitable and when buying will be losing. And after knowing these, trading later on, an informed person can certainly earn. So before trading, the newbies have to analyze all these things well, then they can be successful.

I wouldn't say that it's impossible, they are both equally important. Yes you can't just read about trading and be a great trader, but you can't also just start trading without reading and learn how to be a good trader with just experience.

Because you wouldn't know what to do and you would look at it like it's foreign language and when you make a mistake you wouldn't know what mistake you did. It's much better if you could end up learning more about it and then trading based on that. It is going to end up being a bit of a trouble for you to make mistakes but you need to learn from them when you do. This is how it's approached and you should always consider that as a good thing. I personally do not make it work like that, and I think it's going to matter.

I'm not going to discourage you, those who are beginners really need the basic knowledge that they will get from reading guides about trading, this is very important for those who are just jumping in, at least they will get a lot of basic steps there. But it can't be said that just by reading a lot of guides you will become a great trader, of course besides that there are still many other basic knowledge that must be mastered. Letting everything run in an organized manner with the basic knowledge that will indeed be able to bring progress in every trade.

Honestly I also want to say that, the average beginner including me at first could not know or realize where the mistakes have been made, it looks quite complicated to find out. But as time goes by, trading knowledge increases and indirectly I begin to know where the mistakes are. I think most of the reasons for beginners' losses are due to a lack of preparation about the limits they should have, they are not mentally and psychologically prepared. I admit that trading requires enough experience and knowledge and also readiness from oneself in order to make the right decision to open a position.