Topic: A successful trader must be an educated trader? - page 18. (Read 2491 times)
I agree and more thing is you need to patient and control your emotion too.
if you want to be a successful trader then must know and have knowledge about good trading, trading can not be done without good knowledge because it will only make you loss
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.
Many want to become Forex traders, but not everybody makes it. Generally, a professional Forex trader is a person who can trade for a living. The only way you can cover your expenses is by trading on a live account. Paper trading, or demo account trading, does not pay the bills.
For this reason, it is vital to switch to a live account trading as soon as you're ready. If you're going to use a demo account, you should ideally be aiming towards switching to a live account. Speaking of which, you can open a live account here.
It's hard to say when you should switch from demo account to live account trading. This process should not take less than one month. Make sure you have a good understanding of the market and the risks associated with Forex trading before you can trade live.
For this reason, it is vital to switch to a live account trading as soon as you're ready. If you're going to use a demo account, you should ideally be aiming towards switching to a live account. Speaking of which, you can open a live account here.
It's hard to say when you should switch from demo account to live account trading. This process should not take less than one month. Make sure you have a good understanding of the market and the risks associated with Forex trading before you can trade live.
This is why you have to develop a habit of avoiding procrastination. The best way to do that is just keep at it. Even something so simple as demo trading can help you battle procrastination.
You learn, through the continual practice of trading, to focus your attention not on momentary, meaningless market fluctuations, but on the overall flow of the market’s movement. Inexperienced traders often overthink or overanalyze, which often traps them in indecision. But increased experience in trading will enable you to develop a more intuitive feel for the strength or weakness of a market or particular price movement. You’ll develop a disciplined, unbiased focus that will allow you to more clearly discern the importance or unimportance of price action, and respond to it in a calm, confident, logical manner (rather than just taking trades almost at random, and then two minutes later completely changing your mind).
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?
There millions of successful traders who were never educated in our today's concept of education, which is attending one form of school or the other.
Mastering the art-of-the deal can be by self-effort, a family tradition, learning from a friend, learning from a mentor, etc. Doesn't require attending school to be educated. And there are people in this category in the Wall Street.
There are many trading strategies available. You may choose to become a scalper, a swing trader, or a positional trader. What's more important, however, is to develop a strategy that you feel comfortable using.
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?
Education maybe an additional factor to become a successful trader but not all educated trader may succeed some of them are crying now because of loosing. I think the major thing that is needed when you are trading are patience and not be emotional. You know not all businessman are educated but even though some they became successful. You can become a successful trader even though you are not educated, but Education plus patience and not being emotional gives more assurance and accuracy for success.
Master traders execute their trades in a patient, disciplined manner. They have a set strategy that they trade: they clearly know what their trade set ups are, and they patiently wait for those set ups to appear—and once those set ups appear, they unhesitatingly pull the trigger and take the trade. Let’s say, just for example, that a trader’s strategy is to buy or sell in accord with the long-term trend at the 10 SMA (simple moving average) level. If he turns on his computer in the morning and none of the pairs he trades are anywhere near the 10 SMA, then he knows—and accepts the fact—that there are no trades for him to take at that time. That’s what a successful master trader does. The average losing trader faced with the same situation abandons his trading strategy and impatiently takes some other trade—and sure enough, it usually ends up costing him money.
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.
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?
being trader with trader education background is a plus value. Of course its give influence in trading because you have basic knowledge in trading, and you know what you have to do in trading. But you don't have to pessimistic, many people can succeed in trading without have to get educated I mean formal education. As long as you want to learn, any want to know more and more I believe you will can be success in trading 
A successful trader somehow should be educated, you clearly can't trade according to news and other people's analysis and predictions in the long term so you should be educated or educate yourself.
Yes you were right trading needs a lot of knowledge if you were low in IQ I believe you will not be a successful trader. To trade we must understand everything in trading and apply our knowledge.What's important here is you continue to educate yourself and learn from your mistakes so you'll improve, there is no instant success here, you can
only get your successful over time but the moment you get it, it will remain.
A successful trader somehow should be educated, you clearly can't trade according to news and other people's analysis and predictions in the long term so you should be educated or educate yourself.
Yes you were right trading needs a lot of knowledge if you were low in IQ I believe you will not be a successful trader. To trade we must understand everything in trading and apply our knowledge.
First of all, Educated term is fully relative, you don't mean that only degree holder person is not an educated person. When you have a lot of knowledge about a particular thing then you must be an educated on that issue. Obviously, Without proper knowledge, you can't gain anything, you have to gather proper education in every aspect if you want to win.
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?
The particular analysis of technical plus fundamental aspect of the particular market is extremely key in order to traders success. Reading graphs and making decision are unable to be if you are usually educated, that decision producing ability comes only along with the experience.
The only real essential thing is knowledge.
Everything depends on the person. For example, I am not an educated trader, I studied on my own and I did not see any obstacles for myself. The main thing is to have a great desire, everything else will come by itself.
all can be learned and education is not the main thing here. experience is paramount. we do not need much theoretical in today's learning. to be successful in everyday and trading 
Everything depends on the person. For example, I am not an educated trader, I studied on my own and I did not see any obstacles for myself. The main thing is to have a great desire, everything else will come by itself.
Yes, that is a good point because not all successful person is academically educated. They are educated for their self desire to obtain what they want in life. A wise man is different from a educated one and a knowledgeable one is different from the two, so the most important things to be successful is knowledge, desire and be wise. Bill gates is academically drop out but gains his success in other way. 
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 concur with the idea that a successful trader must undergo education. If you do not go through the education process, your investment will be constantly changing and you will not be consistent with your portfolio.Many people have failed because they have underestimated education.
Everything depends on the person. For example, I am not an educated trader, I studied on my own and I did not see any obstacles for myself. The main thing is to have a great desire, everything else will come by itself.
Jump to: