Post
Topic
Board Trading Discussion
Re: Is trading good for beginners?
by
MarjorieZimmermanGinger
on 05/04/2024, 16:40:46 UTC
Someone met me and we were had a conversation on trade and he told me that he has used all he has been saving for trading and asked me if he can make something out of it and I asked him if he had any knowledge about it and he said no.
That means he made the wrong decision because he started trading without having the right knowledge and my advice is that he should stop before finding the right knowledge about trading and if he continues to force it then it is feared that it will make him lose.

My question is can someone that doesn't have any knowledge about trading and how the system work can he or she trade and be profitable in it? Since at some points it has some compliments bof luck.
After some time of discussion, he has been told that it's just for them to choose on the candles sticks if it's up the they want to choose or the one going up just with this idea can they trade with such an idea.
so I wan to know if it's right for the person to begin trading?
There is no chance for him to make a profit when he trades without knowledge because he doesn't know what kind of trade to make and how to deal with pressure when the trade he makes doesn't go according to plan. Trading that involves guesswork is not a good option because no one has been successful in trading relying solely on guesswork.

It is best for him to start learning trading first and if he has been involved in trading before then it will be much easier to learn. All that remains is to develop better trading skills so that he is better prepared for trading.