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?
Trading can be a rewarding venture, but it's crucial for beginners to approach it with caution. The financial markets are complex and can be volatile, making them challenging for newcomers. It’s important to start with a solid foundation of knowledge, understanding the basics of the markets, different trading strategies, and risk management techniques. Many experts recommend beginning with a demo account to practice without financial risk. Additionally, investing in education and possibly seeking guidance from more experienced traders can be incredibly beneficial. In summary, trading can be good for beginners if approached thoughtfully, with a commitment to learning and a clear understanding of the risks involved.