Do you really need to be an expert to start trading in crypto currency?

[Stardom22]

Most people would urge that they should be very experienced for them to start trading because trading is very risky. However all of the experienced traders started as newbies. What do you have to say regarding that?

 

[Tray59]

You may not really be an expert to do this but I believe that crypto trading need some certain amount of skill and through this you can identify the right market to trade on so good skill is required

 

[Suba]

Personally, I also don't know the criteria for experts, whether they are those who have never lost. To start trading we don't need to be an expert, the most important thing is that you know analysis, you can also try with small capital.

 

[Xtynehappy]

I am always very skeptical about the trading in the crypto currency. I am not an expert probably l might loose my capital.

 

[Knowledge Explorer]

In order to get started with cryptocurrency trading, blockchain technology, differences in cryptocurrencies and trading platforms are compulsory. Commence with a small amount of investment initially and gradually increase it as you become more experienced. Determine the trends in the market and use technical tools that will help you make choices. Put risk management actions into practice and have different kinds of investments. Be disciplined, don’t be led by emotions, trade on platforms having good security measures only. Also keep updated on those modifications introduced by official institutions and communicate with seasoned traders for more recommendations. Although becoming an expert is not a must, one should exercise caution when trading in cryptocurrency, work hard and learn to adapt. Think about some risks such as volatility or safety questions, set your financial objectives including your risk tolerance level accurately.

 

[arunima25]

You just need to have a basic understanding to start with. Becoming an expert is not an easy job and it might take a long time. One can start with basic understanding and bit of needed information. You will gain the rest of the knowledge through exploration and experience. That's true with any trading and investment. I stay away from cryptos as I have a very low risk appetite and cryptos market is very vulnerable.

 

[eLdavis]

You might not actually be a complete expert but you need to know what you are doing to be able to excel in crypto trading or even forex trading.

 

[riberet19]

Trading is a complicated field, many people believe that it is simply betting on the upside or the downside and it is not like that, if you ask me, you don't need an expert but you do need a place to learn, and learn well.

 

[Fidelia]

It is compulsory that you must have more than just basic knowledge to be able to trade crypto without making monumental losses.

 

[Nomad]

You don't need to be an expert but you sure need appropriate information about the assets and the market.

 

[Kross]

One needs to have a proper understanding of how the crypto space works to start trading crypto and be successful in it.

 

[Stardom22]

For me l have realised that trading in crypto currency really needs a very sharp and great skills for one to be really very profitable with it for sure

 

[Trush Jodie]

Crypto trading is too sensitive and I won't advise anyone that has not gained mastery at a intermediate level to enter.

 

[Starmix]

How could you trade a crypto if you do not not know? Crypto traders attended seminars or did researches on how to trade crypto. Money does not grow on a tree so to make sure of your winning learn the skills first on how to trade crypto.

 

[arunima25]

Learning by doing or experiential learning as they call it happens with every practical aspects of life. Any form of trading or investment will need a practical exposure to learn more and become an expert as you gain experience and learn from it. But just jumping into it and relying heavily on the experiential learning is not a wise thing to do. Have the basic knowledge and appropriate information before you step in for experiential learning.