A successful trader must be an educated trader? - page 15.

sevendust777

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Quote from: ansi on June 05, 2018, 08:41:46 AM

A trader whether he " follows " a good one or simply learn trading himself.

The basics are learning Technical Analysis (TAs) to analyze the chart (trading pairs) to make the best decision of his / her entry point.

People think that learning TA is easy, that's why wee people jumping around making random trend lines or zig zags & calling it Elliot wave lol (one of the hardest TAs) to learn).

Take your time to learn TAs, choose the one that you feel comfortable with coz there is litterally tens of schools of TAs to choose from.

I'm not really into technical analysis but it really helps a lot. Not an expert in TA's but i tried to learn basic tools like MACD, RSI, FIBS. And yes they helped me make good decisions trading and now i am more comfortable making my trades. Any more you could give me tools that can be more helpful for my trades i would like to learn more. thanks.

Kirito-kun

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Quote from: richan on May 06, 2018, 08:09:40 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 absolutely agree that tradet must have enough knowledge and experience in order to be succesful otherwise, all of their hardwork and even fund will be in vain. Knowledge is the most important things we should have together with experience because this is the key for us to become successful and it can be applied in different aspect such in real life.

nightways

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Quote from: DonFacundo on June 04, 2018, 09:04:30 AM

I think yes, if he has good strategy in trading and good picking in potential altcoins that he knows it will increase the price in a short time then he must be an educated trader.

Knowledge is power and that there is no way that we can deny this universal truth. It is not only in case of the crypto currencies or trading that you must learn different things to get successful. It is true for all the types of the investments and that you must keep on learning more things as this will help you in having more awareness regarding the things which will improve your decision-making power.

buttonmc

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Indeed he should be because if the traider is not educated enough he is rather a gambler and nothing more than that

ansi

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A trader whether he " follows " a good one or simply learn trading himself.

The basics are learning Technical Analysis (TAs) to analyze the chart (trading pairs) to make the best decision of his / her entry point.

People think that learning TA is easy, that's why wee people jumping around making random trend lines or zig zags & calling it Elliot wave lol (one of the hardest TAs) to learn).

Take your time to learn TAs, choose the one that you feel comfortable with coz there is litterally tens of schools of TAs to choose from.

John Wick

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Quote from: Ashong Salonga on June 05, 2018, 07:14:18 AM

Quote from: OriginTrain on June 04, 2018, 12:30:24 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.

Traders should educate themselves. Otherwise it's not that possible to make good trading on exchange platforms. People make many mistakes due to the lack of education and knowledge.

I know this very well from my friends.

Elmer1

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The best way to become successful in trading is the rich experience you get from bad to worst trade decisions and then will get better.
You can decide when to buy and to sell. The short and long term decisions will be efficiently made and knowledge about decisions like hold or sell will enable him to maximize his output. You cannot expect that you will be able to make anything profitable without even having any kind of technical knowledge and awareness regarding the things.

Ashong Salonga

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Quote from: OriginTrain on June 04, 2018, 12:30:24 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.

Freshmen

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Quote from: cah ndablek on June 03, 2018, 05:00:49 AM

Indeed education is very important when you want to invest but patience should never be forgotten because with the rapid price movement a person must be ready to accept any risk of future losses.

I agree but I do not consider education a prime eligibility for success in business. The world has witnessed people who never went to universities and are the owners of Alibaba and Microsoft now. Besides, those who went to Harvard work in these companies. It not about the universities but about the ideas and their execution in the market. If you have one good idea, it can change your life.

Bitcotalk

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Quote from: BTCHadzija on June 02, 2018, 06:04:28 AM

Education (knowledge) is the best investment one can make

both knowledge of the market and knowledge of one's mental capabilities are important and no amount of money can measure those

This is one of the best explanations in a single line but many people are unable to do that. I would say a successful trader does not need to be a highly educated man from Oxford. Having good market knowledge and some IT skills plus basic knowledge about the crypto currencies is enough. You can decide when to buy and to sell. The short and long term decisions will be efficiently made and knowledge about decisions like hold or sell will enable him to maximize his output.

jeepuerit

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Quote from: richan on May 06, 2018, 08:09:40 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, its that true, a successful trader is studied first before doing anything that is his fault, it is thought and studied before making his decision, it is not easy to study a trading , there are also a lot of times, because the patient is the most important.

Mastsetad

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Quote from: Marnihughes82 on May 23, 2018, 08:13:28 AM

And I think every failed transaction will increase our experience. To succeed, must have many failures, the best education is the experience from our own failure

If you are talking about academic education then I do not agree with you because in my neighborhood an illiterate person who even do not read mobile message is earning thousands of dollars from crypto trading. If you are talking about experience and skills, no doubt these things works a lot to make money in cryptocurrency trading.

readygoaw

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Quote from: DonFacundo on June 04, 2018, 09:04:30 AM

I think yes, if he has good strategy in trading and good picking in potential altcoins that he knows it will increase the price in a short time then he must be an educated trader.

The person that starts some business without the knowledge will be a loser. Naturally, the trader should have enough education to work. That is why get the information about the crypto every day.

Geurangsang

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Quote from: richan on May 06, 2018, 08:09:40 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.

Altcoins enthusiast

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It is truth and only professionals and skillful including experience traders makes money from this market. I don't think we are at the time of were knowledge is not important because knowledge rules the world now. You should not invest into cryptocurrencies without good education on how trade work because you are going to loose all your money.

rocketbits

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Quote from: roddur on June 02, 2018, 05:45:47 AM

a successful trader may be need experience.

That makes sense. Experience is important as well but if you are specifically talking about trading and coins, then education comes at first place. This include learning and all the basic knowledge of the coin that you must have with trading.If you don’t know what to do and how to do, how you can be making it with experiment and how would you be learning bad and goods of trading.

kulitmanggis

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to be honest I tend to be lazy and do not want to give education to new traders, because my services are not too valuable and then he could be arrogant and attack you or do not know thank you.

XFlowZion

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Even people are educated in making analysis and other methods, it still does not make them successful. The best way to become successful in trading is the rich experience you get from bad to worst trade decisions and then will get better.

kenziefried

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Quote from: urk0w on June 03, 2018, 02:58:41 AM

This article will teach you how to become a successful Forex trader and show you the best trading practices for beginners. In fact, since you're reading this, you are already on the right path to becoming a successful Forex trader.

Having the right amount of knowledge regarding the things and that keeping yourself up-to-date with every type of information is the only thing which can then help you in having some better earning in the world of trading. You cannot expect that you will be able to make anything profitable without even having any kind of technical knowledge and awareness regarding the things.

sevendust777

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I think that educated traders has the advantages to gain more profit than non educated traders. I see a lot of non educated traders usually just predict their trades trough hypes from other people. A good trader uses a trading plans. But i know some people who are not that knowledgeable traders who gained much more than some of those educated traders i know. The problem with some people with little knowledge usually are spoon feeds. They just rely on other people just to gain profits.

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