Quote from: Sakanwa on February 21, 2023, 12:59:02 AM

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.

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?

Honestly, the whole idea of trading with no background knowledge sounds pretty daunting to me. It’s a bit like hearing about a shortcut to a treasure but not having a map or even knowing how to read one. I’ve seen folks around me get super excited about trading, thinking it’s a fast track to making money, but I’m more cautious.

I started peeking into some beginner resources, and there’s a lot more to it than just guessing which way the market will swing. It’s complex, and from what I gather, it involves a fair bit of strategy and understanding market signals, not just luck or following a hunch about whether prices will go up or down.

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Quote from: Barikui1 on March 22, 2024, 04:42:52 AM

It's crystal clear why people lose money in trading, and it's because of lack of knowledge, and they actually don't know that in trading, you get only what you deserve, if you are good in the craft, you will definitely be profitable, but if you are not or you have no knowledge about it, you will be getting liquidated time without numbers.

...

it's true that most of those who lose on trading are those who trade with the wrong mindset, where they enter the market without good knowledge and they play with high leverage. they think that trading is very easy and anytime they can make money from it, but unfortunately what happens is that their trading plan is wrong and in the end they lose big from it.

It's also not about the knowledge but mostly the experience necessary for trading. Because the market is not always how it was portrayed in a course or a book. Most of the time you cannot understand it. So you need experience. You need to encounter different market sentiments in different market seasonality. If you do have the experience, then you have an advantage. If you don't have the experience d then can't you be profitable? No. If your system happens to be profitable in the right market condition, then you can make more money at least play at break even as a beginner.

When you are just starting, you cannot simply expect yourself to be making more amount of money. You just need experience and build right mindset along with it.

True, its like you’re not just learning to trade, you’re learning to navigate the market’s ever-changing moods. The idea that we could still find our footing, maybe even break even or snag a profit under the right conditions, is pretty encouraging. It shows there’s a silver lining for us beginners as we’re collecting these experiences and slowly but surely crafting our trading mindset. Each trade teaches us something new, helping us grow beyond just the aim of making money. Its about becoming savvy traders, one step at a time.