A successful trader must be an educated trader? - page 28.

hermae

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Quote from: almaerk08 on May 17, 2018, 01:10:14 AM

Quote from: Dimon8 on May 17, 2018, 12:29:47 AM

To be a good trader does not have to be educated, because education is based on facts and events of the past. The market is constantly changing and the rules of trade are changing. To successfully trade it is enough to have a clear and sober mind.

I agree, in trading, if you want to become a good and successful trader, education is less important. A good knowledge of how trading works is the key if becoming a good trader. We should be knowledgeable enough to know the ins and outs of trading. If we are knowledgeable, then we can know the right strategies to use to be able to trade successfully.

I think a good knowledge and patience are enough for us to become good traders. We can self-educate ourselves by researching, reading and watching videos on how to trade. If we do have a lot of knowledge, then good strategies can be built in our minds.

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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 do not think it's important to give lessons about bitcoin trading to new people you just have to tell him to read the article because there are many articles that explain the good and true trading, tell him do not be a lazy person to earn money.

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Quote from: Dimon8 on May 17, 2018, 12:29:47 AM

To be a good trader does not have to be educated, because education is based on facts and events of the past. The market is constantly changing and the rules of trade are changing. To successfully trade it is enough to have a clear and sober mind.

I agree, in trading, if you want to become a good and successful trader, education is less important. A good knowledge of how trading works is the key if becoming a good trader. We should be knowledgeable enough to know the ins and outs of trading. If we are knowledgeable, then we can know the right strategies to use to be able to trade successfully.

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Quote from: jrrsparkles on May 14, 2018, 02:04:53 AM

Quote from: crzy on May 14, 2018, 01:59:38 AM

Quote from: QueenOf on May 13, 2018, 06:39:06 PM

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 I agree with the opinion that the successful trader is educated. but not all.
because experience will also make a person successful in trading

If you don't want to lose your capital in trading better to study how to done this thing in the right way. Make time knowing how to use indicators, read some news and realize how this thing can affect the price of cryptocurrency. A successful trading doesn't happen overnight it will take more time before you consider yourself as a successful one.

Do you know that education can't teach you better lessons than the experience.There is difference between the knowledge and studies that not all the studied individuals are not knowledgeable and not all the knowledgeable person need to be educated.Yes as you said the success can't come to us in a single day it only comes with great experience which takes time.

There is no such a rule that a successful trader should be an educated one. Success in the business world depends on your tricks and strategies. In the crypto business, success depends on basic knowledge and investor response to the crash in the market. Also the long term and the short term investment decisions are very crucial to the success in the business. Being able to invest the right amount in the right time in the right currency is a skill not everyone has.

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To be a good trader does not have to be educated, because education is based on facts and events of the past. The market is constantly changing and the rules of trade are changing. To successfully trade it is enough to have a clear and sober mind.

wayaneka

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Yes i agree with that, to make profit from trading should be learn all about how to make it, and only by education we will know how to starts trading with right rules and strategy. Education how to manage pscycology of trading is also important to become expert trader that possible to make profit in consistent. Education by join trainee from professional trader will help to have better experience in trading world.

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Quote from: patt0 on May 07, 2018, 03:37:19 PM

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 guess it depends on the markets people are trading. Some markets respond very well to both technical and fundamental analysis. Basically the traditional markets work this way, so on this case, the more knowledgeable the trader is, the higher his chances to make good trades. On the crypto space, the markets don't require a lot of analysis, simply because they don't respond that well. They are very speculative, and are probably somewhat manipulated so you just need to keep things simple and you will need a higher degree of luck in my opinion.

Normally, there is no way you can even be consistently making good trades without having some pretty good knowledge to be able to draw up trading strategy for yourself. For a market as volatile as cryptocurrency, you would even want to be very careful not trading without any knowledge as things may get horrible pretty quickly that you will be counting a huge loss than gain. For any market, as long as you want to make good trading decisions, learning is by far important.

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trading is day to day learning activity we should learn the skills and apply the skills at the same time and wait for right market movements to take profits

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Education they say is the key to everything because if you do not have knowledge in the market you are trading in how do you make informed decisions.You can only get knowledge through education either self education or through the four corners of the classroom .A trade has to search and get the latest market figures and trade wisely.

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Quote from: renes on May 06, 2018, 08:42:18 AM

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.

I agree. I mean, you don't have to be all-knowing, but at least, you should have ample knowledge to help you be guided with your trades and dealings because, if not, it would be way to difficult for you to find some reason as to why you are doing a specific trade. The thing is, this market just has a lot of alleys to cripple your investment as evidenced by the many people who are crying over losses despite totally doing their homework. Having said, if you would plunge into it without knowledge, you are just adding more unwanted risk.

royale143

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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?

Definitely mate. It's hard and utter counterproductive to trade if you just planning to wing it because you would just end up losing your investment in most cases. This market is not be just "winged" about, and even if you may actually have the chance to get good deals using that method. I don't know if that can last for a long time because of the fact that this market is just so unpredictable that, more often than not, even seasoned veterans, after much planning, still fails in their investments.

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Quote from: kolega on May 14, 2018, 02:58:07 AM

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 believe that a successful trader must be an educated trader. Anyone can make a profit in a growing market. But to see the change in trend, the traps of market manipulators, the impending price reduction, correction, etc., you need to be a competent trader.

It is definite. Even as an educated trader, you will still be bound to make some mistakes and that is where the experience is not going to be coming from, but there is absolutely no way anyone can just hit the chart and think they will just end up doing well without at least learning what is necessary to help them pull through first. That is an absurd way that has made a lot of people loses so much over time than what they really bargained for.

It is either you study and you do well as a trader or you refuse to study and you do worse as a trader. There is even no two ways about it.

Trading is quite complex most especially in the cryptocurrency space and anyone who is not ready to learn is only going to end up counting huge losses at the end of the day than they would even imagine. It is important to know that the only way to stay careful and make good decisions as a trader is with the availability of strategy that can only come with knowledge.

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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 I believed on that, a successful trader must be an educated trader because simply you have to know and think very well before you put out your money and have decisive decision before making an investment.

Uno17

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Education is one of our basic needs, but it is not necessarily to be well educated to become a successful trader, even those who are lack of education have the chance to become a successful trader, and become rich, as long as you understand the method of trading and study well the most effective ways and techniques. There is always if you know the right way to trade.

LuffyD.Monkey

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Quote from: TRAID on May 12, 2018, 04:17:18 AM

Absolutely. Without education and experience, trading doesn't differ from gambling. But trading knowledge comes at a high price...you need to lose some money to gain that knowledge and experience, and most importantly the mindset. it doesn't come cheap. You mustn't be afraid of losing money..consider that loss as an investment.

This is not a very basic condition that a successful trader must be educated or Harvard graduate. There are people from poor and uneducated backgrounds but have gone a long way for they understand the market and know which move to make at which phase of the market. This knowledge makes a perfect and wise trader and earns him great money. The marketing MBA is all about this stuff.

Finestream

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Quote from: chocolaty on May 16, 2018, 12:01:08 AM

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?

Having the skill and ability to analyze technical stuffs of coins in crypto market is indeed an advantage for the trader. It is much better to know how to read these charts because the risk will be lesser which means your trading experience will be more efficient, effective and more strategical. Unlike trading that is carried by just mere FUDs, opinions and observations of other people.

Yes.An educated trader has really an advantage compared to others who have not been into a formal education but i believe not all educated people can be a successful trader in the making.There are those individuals who are lucky enough to possess their own skills and special techniques which will help them to be successful in trading.

Monnt

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Quote from: bubble pop on May 13, 2018, 11:08:45 AM

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?

Not all trader are going to the process of educating in a decent one some of them and even most of them and I am talking about the first traders are self thought because there is nothing like this before so what will you teach them. Then not all of them are educated and not all successful people are all educated even if not in trading but in life. It is aboit the skills and how will you take those opportunity to reality. If you work hard and work smart them you will be successful in trading educated or not

This is the first priority and every investor should consider and give the highest and major importance to the education of trading and investment. A successful person is so called successful if he has knowledge and run the trading system according to the market principals and rules. Success is impossible without getting and having knowledge of the market and the nature of work.

chocolaty

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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?

Having the skill and ability to analyze technical stuffs of coins in crypto market is indeed an advantage for the trader. It is much better to know how to read these charts because the risk will be lesser which means your trading experience will be more efficient, effective and more strategical. Unlike trading that is carried by just mere FUDs, opinions and observations of other people.

Briella18

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of course, being a trader must be smart, not only reading a chart, they should be good at capital management and also how to keep the emotion and mental up even when coin or market being blood bath

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Quote from: Nhor1011 on May 15, 2018, 10:55:12 PM

It is true that education is a must for everything we do specially like we did in crypto world that includes trading and investing. But i think also that a successful trader not just educated but well experience in trading industry. we can say that the trader is successful if they gain more profit and minimize losses,because those educated in trading are not all successful,some of them has a big losses than profit. Experience with learning and knowledge is the way to success in doing trading.

Yes to become successful in trading we are not just become educated but also well experience so that we are ready for the losses that are possible to come and make a good strategy for it so that the losses that we are experienced are change to gaining a huge profit. Become well experience also help us to control our emotions and make our patience longer so that we didn't missed a good oppurtunity in holding a long-term or making a short trade.

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