A successful trader must be an educated trader? - page 29.

charlotte04

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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?

To become a successful and profitable trader you should be at least educate yourself a little and it is more on your psychological thinking in trading.

qwertyup23

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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?

There is a huge boundary between an educated trader and an experienced trader. An educated trader has the necessary knowledge, techniques, and theories about trading while an experienced trader gained his expertise from experience. Think of this way, companies would rather recruit graduates who have work experience over fresh graduates with honours. Being a successful trader does not necessarily means that you must have a degree with financing or business but it will certainly help you a lot. The key point here is experience as it determines the success of your profession or not.

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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 a educated trader must be success cause of he knowledge about trade and understanding about any movement on trade. His basic knowledge is fast and he can any risky decision for trade

campica

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That is not true, especially in crypto market. Before I was started to trade with crypto , I never do thing like that. So it was my first time trading and I earned good money , based on luck and not knowledge. Today when I trading with altcoin , I do it on same way. I buy on low and sell on high and that isn't a big knowledge about trading.

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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.

ngacengan

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to be honest I have been very successful and able to do traders and can generate profits very much but I do not really like and have no desire to educate and learn new players except my family, I am more concerned with family than others.

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Quote from: PancherBitCoin on May 15, 2018, 04:10:40 PM

Quote from: mega on May 15, 2018, 03:11:14 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?

Agreed,Education is must where ever you go.Here educated trader mean a trader fully aware about trading and having trading and technical skills. Without knowledge wrong decisions can be made which result loss of money.

in any case, every trader in the world kriptovalyut is practically self-taught. Nobody and nowhere and no schools will teach this. Therefore, each person studies what he considers necessary and if errors occur, then learn from his mistakes .

Indeed as experience is essential to be a good trader. Yes being well educated will help you a lot in trading but this doesn't make sense if you don't put into reality and exercise it to gain experience. A lot of tutorial videos in YouTube but are they saying it through books or through experience? It's hard to teach something when you know the fact that you still don't experience any of it. Still, experience is better than just being educated.

supine

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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?

Not necessarilly educated but I think knowledge and skills is enough for us to succeed in trading. Trading doesn't require a high level of educational attainment but just skills to understand the basics of trading. If we'll all just willing to learn, we would be able to apply it appropriately in trading.

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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 think if one who trade without knowledge will loose in initial stage,May be due to course of time and past experience will make you expert.So it is no doubt the successful traders are educated they know about the market and the history of coins and take decisions accordingly.

PancherBitCoin

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Quote from: mega on May 15, 2018, 03:11:14 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?

Agreed,Education is must where ever you go.Here educated trader mean a trader fully aware about trading and having trading and technical skills. Without knowledge wrong decisions can be made which result loss of money.

in any case, every trader in the world kriptovalyut is practically self-taught. Nobody and nowhere and no schools will teach this. Therefore, each person studies what he considers necessary and if errors occur, then learn from his mistakes .

zpopdream

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Well, not necessarily, but it's important to have some skills and background: understands how the market and trading works.
as it's not the best idea to rely only on luck and intuition.

mega

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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?

Agreed,Education is must where ever you go.Here educated trader mean a trader fully aware about trading and having trading and technical skills. Without knowledge wrong decisions can be made which result loss of money.

trixxie

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Definitely, must have to study on how to know how to be a good trader

Osakrita

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Trading involves a lot of time ,dedication and extensive studies. If you do not do enough research,the chances are that you will lose money.Education is important to be a successful trader.You will need to study chart and know all the technical analysis.You also need to have access to informational (fundamental analysis) that will be of influence to the price movement

liivii

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Quote from: saraiwikan on May 15, 2018, 12:31:45 PM

I don't think that you need to be an educated trader just to become a successful trader. You can always have the experience, loosing will make you become a successful trader.

Indeed experience will make you a better trader, as long as you gain experience on your everyday trading you will feel more comfortable on what's your task. Being an educated person I guess is just a bonus qualify of your because here strategic person have more chance of earning huge amount of money compare to those educated people but doesn't know what's really trading is. Most of the time those people who have passion and perseverance are the best fits to this kind of system where strategies will be the one who dictate the outcome of moves did by such an individual.

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I strongly believe, that one must be educated in whatever field you are into. I don't think you'ld last long as a trader, relying on luck or speculation.
Consume knowledge and make profit.

saraiwikan

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I don't think that you need to be an educated trader just to become a successful trader. You can always have the experience, loosing will make you become a successful trader.

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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?

He has to know a lot about trading. Therefore, he needs to spend really much time for self-education. When the trader knows a lot about the strategies of the business he has chosen, he will succeed.

rickadone

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Quote from: Leonard2016 on May 14, 2018, 02:23:59 AM

Of course it is not true , nobody asks you any college degree when you want to register and do trading , but if you want to get some profit and make you average you should read some books and see some youtube videos , you may not believe that yet but i believe that knowledge has a straight relation with your wealth , more books you read and more information you get , more money you will get .

No one is saying you need a college degree to trade, but there is lots of information online that will guide you on how to trade. Trading is a profession and have you ever seen a profession that someone would just end up starting without at least learning some basics ? No way. Try it and you will end up a tagged failure at the end.

The essence of learning is to know the basics, the use of indicators and to do some analysis, and experience will then over time help you get better. They are like phases and you do not want to leave one out before focusing on the other.

odb1

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I dont think so that education is must for trading, I have seen many examples where traders are not educated and only have basic education but they are making huge money on daily basis. Just they pay attention to the videos on youtube where we can how to trade and when to but the pairs, when and how market moving.

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