A successful trader must be an educated trader? - page 30.

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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.

Experience is definitely needed to even become a professional trader over time, but any newbie trader that skips the learning part before even pursuing the experience will be so much damned at the end of the day that they will so wish they never set their eyes on trading. The essence of experience is to build on the things you have learned and if there is no knowledge to actually build on, then you are going to be making terrible mistake and ending up frustrated before even starting.

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Quote from: concept2 on May 15, 2018, 04:07:29 AM

Trading is stable job. Even when you think that you know all the lessons, you can still lose your money. Educated trader are not 100% successful trader. And even a successful trader can be a guy that extremely lucky everytime he decides to buy a coin.

Trading is not stable as it was very volatile and it can't be called as job. Youbare not working for anyone or to your boss. You trade for your money to earn and for your satisfaction in life. Every successful trader is knowledgeable and most often a year from now that started to trade because you have to watch bitcoins and seasons for a year and have some good skills in any ups and downs of the market.

concept2

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Trading is stable job. Even when you think that you know all the lessons, you can still lose your money. Educated trader are not 100% successful trader. And even a successful trader can be a guy that extremely lucky everytime he decides to buy a coin.

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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?

It is not necessary to be an educated trader just to earn in the market. In fact, we can earn tokens without any knowledge in technical analysis. But it is good enough to have knowledge in order for us not to lose a lot. Educating ourselves in anyways will help us to be successful. In addition, peopl will never fool us because we are ignorant in predicting prices and etc.

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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.

We all know that experience is a great teacher but we also have to know that you can build on learning from experience. The reason why learning is important first is because it helps you to make some good decisions while trying to gain from experience.

For instance, knowing what to do with the indicators to make good decisions and then as you keep practicing you keep building on your knowledge and then keep making mistakes which you keep learning from to keep getting better. That is basically the difference and if you want to leave learning out and focus on experience out rightly, then, be my guest and let us see how that will end up working out for you.

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Quote from: Kunlejoe0 on May 15, 2018, 01:08:17 AM

Trader must have a selective education that target it's open trade or his position! The depth of trader's understanding of asset held would determine the outcome that any trader would experience.

being educated are good but this is most common thing to be how are you discipline by this once you are trading let say you have to be educated but you dont have discipline your self for how are you able to handle the chance of while you are in trading.

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Trader must have a selective education that target it's open trade or his position! The depth of trader's understanding of asset held would determine the outcome that any trader would experience.

duc4487

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It is not must be, but it should be. Once you begin to trade, you will have to lost something as learning fees, less or more. Of course if you are educated, it might get better as you've been prepared; However, when it becomes to the real world, things will be different. So you might think about start with people who are experienced, go with a group start with small amount to trade. That would be better.

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It is really an advantage if the trader is educated,but not necessarily,there's a lot of uneducated trader have been successfully achieved the goals. Sometimes it depends on every opportunity that comes that you need to grab immediately to improve your trading.

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I beleive there are some people who are natural born talents for trading and finances in general. But they are very rare.
Don't forget that trading requires skills, knowledge, experience and education. It's a skill that can be learned and that also can be profession.
I wouldn't suggest big experiments to amateurs without any knowledge whatsoever, this might cost them a lot in a sense of big loses.

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It's not saying.Day-laborers can not deal well enough.However, there will be no small transaction, which does not need to be educated.However,if there is no educated online transaction,there is no profit.Apart from educating these transactions.Nobody is qualified to work.

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Quote from: KEPLER99 on May 11, 2018, 01:41:26 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?

It is good but not necessary. I have seen many successful businessmen who are not highly educated. Just literate but many highly educated people work for him. Hard work, loyalty, time, patience and skills are basic things for a successful trader. Luck also a big factor in crypto world. But the main thing is hard work and experience.

Trading is a profession, so I believe anyone should know better that if you are not educated in a particular profession then you stand the risk of flopping badly. In fact, it is not even just standing a risk; you will definitely flop. You need thorough education before you can actually do your best when it comes to trading. This is not gambling where you just pick a position and just think everything depends on luck, you will need to be making real life and quick decisions based on your knowledge.

minhdang2212

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Yes, I agree with you. And the sure thing to play coin or forex if you have no knowledge like gambling. It is 100% gambling, red is eaten, not red or holes are lost.

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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 in the long term you'll definitely need skills. So to be a successful trader in the long run you need to know all the aspects of trading. These are price action, trending markets or not trending markets, margin trading, technical analysis, fundamental analysis and sentiment analysis, order flow and reading level 2. Then it's up to you what kind of trading you prefer. Swing trading, Position trading, day trading, scalping.
But what will make you really successful is experience! After a while you'll get a feeling and a sense for the market.This will help you a lot!

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Quote from: Sadlife on May 14, 2018, 04:06:54 AM

Yes i agree in order to not lose your money you must do some research and study the token you're planning to trade on if it has a marketable technology. You need to know some handy skills like price analysis, candle pattern and indicators and read some current news about that crypto currency to have a better strategy when to buy or sell and get out of it.

That’s so true. And probably this is the reason why some traders fail many times. Some traders trade according to luck. Some trade according to the news they hear or the statements and opinions of the experts as you said. But that person cannot be a successful trader. In order to be a successful trader one should himself study the market and do all the required research and analysis. Before actually applying the theories he has to keenly study these theories and make out different consequences possible from every situation. Only then one can be said a successful trader. Even this type of trader loses many a times but he knows how to bounce back.

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Yes, indeed! If the trader will not be educated, he will be nothing more, than a gambler =) And gambler is a risky position.

Sadlife

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Yes i agree in order to not lose your money you must do some research and study the token you're planning to trade on if it has a marketable technology. You need to know some handy skills like price analysis, candle pattern and indicators and read some current news about that crypto currency to have a better strategy when to buy or sell and get out of it.

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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?

Last time I made trade was very simple, it started with buying low and selling at high prices and guess what it turned out to be profitable and I did not even read the signal. Cheesy

I think its all about the simplicity while making your trades. You choose better once, you play with them for while and you are good to go with finest trade ever. Crypto currency doesn't ask for huge attention but just the perfect one at perfect time and nothing else.

So it doesn't matter whether we are educated or not.

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Quote from: Jake2134 on May 11, 2018, 09:39:24 AM

A trader or a successful trader needs to be educated. educated well because without any good education you will lack the knowledge you need when you ate trading.

There is not such a rule. Trading is a market game with the most skilful and sharp the most advantageous. Many uneducated people have built their empires and many PhD degree holders work for others throughout their lives. A market man can be a best trader. Having some part of your life spent in understanding the market, you really would know which move to make keeping in mind the market behavior in the mind in the same time. This makes to great traders.

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I agree with you a successful trader must be educated trader and a trader should be analysis which coin is better for trade

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