A successful trader must be an educated trader? - page 14.

longminh123

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Quote from: richan on May 06, 2018, 09:09:40 AM

Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?

Indeed, trained investors are often more likely to succeed than those who are not trained. Because educated people will understand what they must analyze and learn about when preparing for investment in any field.
In those who are not trained, they are just waiting for good news from friends who have good vision to invest. I think it is a risky investment and it will not bring big profits to investors.

cleygaux

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What did you mean by educated? Is that mean a trader must have a college degree or any same to be able to call educated? Even if youre not an educated but you have skills and have intelligent and able to learn even in a simple explanation you will become a good trader trading its all about strategy, analysis and proper timing.

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Quote from: Happydd on June 06, 2018, 07:11:17 AM

To make a successful transaction you must first be knowledgeable. Ie must have dominate knowledge, must be educated. Do not open a deal if you have no idea when to close it with losses and when to lock in profits. If you do not understand what "lock" is not using it.

It is very common just like traditional businesses, if you have no knowledge then you can not perform any business and this is true because business everywhere with anything needs high or enough knowledge. It is the same in crypto market; you need to educate yourself with enough knowledge to understand the ways in trading processes so that you may survive in trading.

huige007

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Quote from: Huy Mai on June 06, 2018, 06:56:09 AM

Not really 100% true, but you have to study first. Also, other skills like capital management, reading news, no fomo, etc are also important.

I do not think so. Trading is more of a skill job than of a school job. There are people who have been earning in millions and billions of dollars and they never attended Harvard. In fact the people who did work for them. I sometime mention the story of Jack Ma who is the richest man in Asia and has been very passionate about his ides despite the fact he never attended university. This means the crypto world, skills about the market and some technology knowledge counts and not the university tag.

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I consider that education for the successful trader at all not the main thing. You can be good both with education, and without) The main thing to be able to see the correct decision here, to find the excellent moments for actions, to know all important news in this sphere and as they can use to get profit.

Activitycoin

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Quote from: Ashong Salonga on June 05, 2018, 08:14:18 AM

Quote from: OriginTrain on June 04, 2018, 01:30:24 AM

Not really, some of the great traders in history were not necessarily formally educated. In fact trading is a test of true ability rather than merit.

For me to became a successful trader people should be educated in cryptocurrency and i am sure that to be successful in trading people should have a wide knowledge on all coins that have a goos future in the market.

I think being educated is good but being educated is not conditional in trading, perhaps we can earn tokens without any education and technical analysis, but it is good to have trading knowledge in order for us not to lose anything, so educating ourselves about anything will be good for us, in addition to its people will never be able to scam of food us that easily because we will not be ignorant to read about news and threats of market.

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Quote from: richan on May 06, 2018, 09:09:40 AM

Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?

I do not believe that all successful traders are highly educated, luck is also very influential on a successful trader, not just good at reading charts and analyzing the market, there are also many successful traders who are low educated,
there are also some traders that I hear who are not experts in trading but experts in making software, so he uses the software to make an automatic buy and sell...

samelvis

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Yes to succeed as a trader you have to get the basics of trading to avoid unnecessary loss

babaya

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Quote from: ahmed04 on June 06, 2018, 01:19:25 PM

Trader must be educated, intellectual and he should crave for new knowledge, because the more you know, the more dependences you see on the market. That helps to achieve big accuracy of forecasts.

what does educated means here.educated before in market or educated by market.i am personally prefer educated in market,it will give us best experience that never get in our school or other unformal education course

ahmed04

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Trader must be educated, intellectual and he should crave for new knowledge, because the more you know, the more dependences you see on the market. That helps to achieve big accuracy of forecasts.

Superzpay

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Quote from: richan on May 06, 2018, 09:09:40 AM

Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?

Yes I believe that a successful traders must be an educated trader as he will study about the coin and will try to learn the charts of the market and will try to know about the opinions of experts before investing in any coin.

I also agree with your point because one of my friend is a trader and he just put his money in coins and without knowing that what is going next, for example he put his money in ZCL and was not aware about the fork and at the fork time he lost all of his money when the ZCL price dropped to ground.

legenduim

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Quote from: Geurangsang on June 05, 2018, 02:55:43 AM

Quote from: richan on May 06, 2018, 09:09:40 AM

Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?

Educate? I thing the right world is learn. I see educate is more formal and maybe mean it need the real place that educate some topik like trader, but it never happent. I think more trader has learn for them self with read some many book, wathcing youtube tutorial and practice their tutorials. Maybe some has a friend or community to discuss about trade trick and market.

Good words. If you wish to become a very good and very successful trader, you should study the market and learn about the crypto all the time - it will take much time.

Happydd

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To make a successful transaction you must first be knowledgeable. Ie must have dominate knowledge, must be educated. Do not open a deal if you have no idea when to close it with losses and when to lock in profits. If you do not understand what "lock" is not using it.

Huy Mai

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Not really 100% true, but you have to study first. Also, other skills like capital management, reading news, no fomo, etc are also important.

Tiksi_Bay

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Quote from: FalcoonRed on June 04, 2018, 10:15:54 AM

in my opinion no, precisely who is successful in trading is a patient and do not need to educate the most important to know what is crypto.

In order to look for crypto profit then you must be an educated trader or investor because we know that in any business you have to follow the rules which depend upon the system. Now invest in yourself first to educate yourself in order to perform trading successfully and this is would be wonderful if you do the same without facing any loss and your first experience make you happy.

HaroldFinch

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If you mean being educated in terms of some university business degree, than no, many traders have never been there. But you have to LEARN in field and beside it, so to get more experience and knowledge. It takes time and that is the reason I don't trade daily. You just have to be fully involved

cotton ball

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Quote from: wongdeso on June 06, 2018, 04:11:39 AM

I do not agree. Being a trader, especially on crypto is a passion. As long as they have the will and capability, all technical issues can be learned on their own. In addition, it seems like experience in trading is very decisive ways and strategies that can be done to conduct future trading. Having an education but without passion is useless.

the mindset that has been developing is that education can make maturity higher than otherwise, I think it is optional and not mandatory, but many of my friends have a stronger logic in assuming every new development and more vocabulary that they absorb academically, in fact everything is still in the same path and that distinguishes only the level of a more academic attitude.

shan05

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For me being an educated person is very advantage in all aspects but not all, many people have lack of education but has a lot of technique. all you have to do is you're willingness to learn how to trade and how to manage your time.

wongdeso

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I do not agree. Being a trader, especially on crypto is a passion. As long as they have the will and capability, all technical issues can be learned on their own. In addition, it seems like experience in trading is very decisive ways and strategies that can be done to conduct future trading. Having an education but without passion is useless.

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