Is it wise to trade without experience?

[Potuse]

Majority of the forex traders go into the market without having the relevant experience. They traded without experience and that is why you will see them lose a lot of money and they will not be able to protect their trading capital.

 

[Planbizzle]

No, trading forex without any previous experience is not advisable. Without knowledge, expertise, and experience, forex trading can be difficult and risky, and it is simple to lose money fast. It is suggested that inexperienced novice traders begin trading modest amounts of currency.

 

[Robert90]

Without prior experience, forex trading is not advised. Forex trading is an intricate and engrossing market that calls for skill, dedication, knowledge, and a sound trading plan. Forex trading may not be for you if you lack trading experience and a basic understanding of how markets function.

 

[AruneBend]

Majority of the forex traders go into the market without having the relevant experience. They traded without experience and that is why you will see them lose a lot of money and they will not be able to protect their trading capital.

You need to at least try to trade before getting into forex since forex is very risky and there is a high chance to lose money. For a person who is not experienced, it would be way too difficult to make a profit.

 

[Ononivami]

It is never a good idea to trade without experience because it would result in a big loss. However, the traders who gained enough experience would always make a profitable trading decision.

 

[Mayorla]

No, It is not wise to trade without experience. It is always good to trade only when you have the experience. That is why most new traders are advised to at least demo trade for some months before trading on a live account.

 

[Nomad]

You will gain experience only when you try it, how can you gain experience without trying? You can still try as a newbie but you need to make sure you have the right knowledge and skills.

 

[akinlolu99]

Trading without experience is not good oh, you could be making some profit at the Beginning stage that could be building some confidence in you that you don't need to actually study but believe me if I could take you 3 days to make that amount of money that made you feel like now you are capable you can lose that money in less than 10 minutes, I speak from experience.

 

[Shortie]

As much as I would say that trying is not a good thing if you do not have any kind of experience in Forex trading, sometimes the only way to learn is to take that leap and give it a try.

I personally would advise anyone who is new to Forex trading to do a lot of research before they jump in and be cautious as well. It's inevitable that you will lose money at first but the more you learn the better you will be at trading.

 

[Grant]

No, it's not wise whatsoever. No one should start to do trading unless they know what they're doing or what they're getting into. You'd be crazy to trade without any experience or knowledge on it.

 

[tray59]

No, it's not wise whatsoever. No one should start to do trading unless they know what they're doing or what they're getting into. You'd be crazy to trade without any experience or knowledge on it.

If you don't have a good trading experience I won't advise you to trade seriously if you trade without experience you may end up Lossing your money,foe instance if you don't have experience how on earth will you be able to trade and know how the market reactions ,when the market go bull or bearish that won't favour any trader so you need good trading experience

 

[hastral45]

Unlike in the past, it is now possible to trade without experience. Even, traders don't bother themselves learning the tricks. Apart from learning the basic knowledge in Forex, the trading can be done through application of trading bots, subscribing to trading signals, or copy trading from professional traders on Forex brokers. These are some of the ways.

 

[tray59]

Unlike in the past, it is now possible to trade without experience. Even, traders don't bother themselves learning the tricks. Apart from learning the basic knowledge in Forex, the trading can be done through application of trading bots, subscribing to trading signals, or copy trading from professional traders on Forex brokers. These are some of the ways.

If you are using bot to trade I think that you are not doing yourself any good rather try and trade from what you learn through the demo account if you dont have much experience but has money then you can trade by hire someone to help you do that don't rely on robot

 

[Heatman]

Majority of the forex traders go into the market without having the relevant experience. They traded without experience and that is why you will see them lose a lot of money and they will not be able to protect their trading capital.

You are going to be making the mistake of your life if you go into forex trading without experience because there is no way you can be successful with your trading even if you are just doing to try if you see if your luck is going to get you any successful trade. I won't even advice anyone to go into trades with getting signals from whom they don't know to be experts.

 

[Ja Sa Bong]

Majority of the forex traders go into the market without having the relevant experience. They traded without experience and that is why you will see them lose a lot of money and they will not be able to protect their trading capital.

It's unwise to trade without experience. It's unwise to trade with little knowledge on forex trading. If you want to trade forex, you must be an expert in market analysis or you're getting trade signals from a professional trader.