Having the basic knowledge of any investment you want to start is one of the major thing someone to do anytime they want to enter a specific business, and that is the only way to be successful trader or investor, because there is no way they will be able to manage the risk associated with investment without knowing the knowledge of where they want to invest in to. So before someone earn they need to learn. However, when it comes to comes to taking risk in a business, someone’s have to be very careful about this, because that is what will make someone to take care of their investment, and get profit from it.
When someone decides to make an investment or anything else of course they must first learn about it and don't let them not do it based on the knowledge they have so that they experience failure which makes them lose the money used for that matter, to be able to to be successful in investing, of course we have to first learn about investing in order to make a profit and we have to be patient when learning this and never think that we will be successful easily of course we have to go through a learning process so that we can be successful in investing and also trade.
In any case knowledge will always be the strongest foundation to keep it going, especially when it comes to an activity that involves finance which is added with a certain level of risk for losses which means that the activity should not be done with an empty mind if you or anyone does not want to end up losing a lot of money and time for nothing.
Basically investing provides profit opportunities to all investors involved but obviously behind it the possibility of losses will also continue to lurk you at any time as long as you are still involved in the activity, meaning when you have absolutely no knowledge because you don't want to go through all the difficulties of learning then yes of course in the end you will even experience a lot of losses. The fact is that everyone wants to succeed in anything including in the world of investment, they are very tempted when they see other investors who have succeeded in achieving their success by getting a lot of profit but it is a fact that not all of them want to go through the process of difficulty in passing the learning phase.