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Topic: A successful trader must be an educated trader? - page 31. (Read 2544 times)

member
Activity: 294
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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.
hero member
Activity: 1036
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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 .
member
Activity: 224
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Intelligence, wealth or higher education does not guarantee someone will be successful in the forex market. Trading is closely related to uncertainty, market sentiment and possibilities that are not easily predicted. Success in trading is not as easy as you imagine.
Studying trading on multiple levels is very important, and you can not do it in a short time, all you have to do to become a true trader and success is consistent, diligent, committed.
sr. member
Activity: 2520
Merit: 280
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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.
full member
Activity: 2128
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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.
hero member
Activity: 2926
Merit: 640
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 are educated in trading because it depends to your strategy how to handle and to trade. Even your a educated person but your not willing to what trade means  or you want is only a easy money I think noting will happen to your life it comes to trade. Because even people not educated as long your smart and strategic you will successful in trading.
Anyone who is not educated is just gambling and it is about time it ends up catching up with them. There is absolutely no way you would have been trading for a long time without the use of some analysis or the help of some indicators and the only easy way out of that is to be knowledgeable about them otherwise you are going to be destined to fail.

How do you know how to use a tool unless you learn how to use them and I believe experience will not teach you how to read divergence on MACD or RSI.
sr. member
Activity: 546
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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
member
Activity: 294
Merit: 17
Educated traders are more successful in general because they have a base to build on, but like with other professions if you are experienced and have a lot of time to research then moon is the limit.
hero member
Activity: 1274
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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 agree. Having knowledge about how the market works and what assets to trade for is always a plus to ensure that you can actually have more successful trades. It's hard to just wing it in this market because of the reality that it is imbued with so many alleys to make you lose your investment. And so, it's not so easy to actually be successful, especially in the trading market without possessing the needed knowledge, experience and weapons to go after good deals. Knowing what to trade, when to trade and when to be patient are all but important characteristics a successful trader should have.
newbie
Activity: 728
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Crypto market is more comfortable market comparing with stock, commodity and derivatives one because there is no so much predators who wants to eat amateurs. Anyway a stock market and others require much experience and they fit for professionals more but in the other hand crypto market is more liberate and fits for amateurs as well. I like crypto market.
member
Activity: 163
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Of course that you need to have some previous knowledge, and if you are not educated, how the hell are you gonna read charts, understand what is gonna happen, or what can make the price change?
member
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A successful trader can be a good trader without necessary being an educated trader. If he can read and understand what he is up to with his little arithmatic knowledge, I then think is sufficient for him , rather than be a book long.
hero member
Activity: 924
Merit: 502
Yes i agree with that, to become pro trader should be through education, not only education about technical and fundamental analysis but also important education about psychology of trading, because actually psychology of trading is bigger factor that possible to make consisten profit.
I believe that in doing trading knowledge is a must. I believe that those successful trader was equipped with their knowledge that they gain through their experiences, through their own research and through their own techniques and strategies. It also important that the trader should have the courage to extend their knowledge and willing to earn more knowledge.
Being educated and professional helps you to have a long way to go, specially in trading since it carries losses and risks unpredictably. It is very important to be able to possess quality traits and proper attitude as a trader because it serves as a guiding path and sets mood to be positive and patience to take the risks. At some point, I think knowledge is power in everything that we do and executing it productively. Most of all you should be determined to learn and be goal-oriented to be successful in trading.
full member
Activity: 122
Merit: 100
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?
So, who do you think will train them? Schools ? No, I think all that makes up their success is the experience from the tedious transactions you're talking about. in the addition, There is also objective information from the outside that influences the market that they can know.
full member
Activity: 378
Merit: 100
by saying educated if you mean just the education in school than you are wrong because so many people were too successful in trading even without going to school and they have made millions
jr. member
Activity: 181
Merit: 1
crypto lover
I don't agree with you, yes its right maximum successful traders are educated,  but I saw many people they succeeded for their own knowledge,
member
Activity: 112
Merit: 11
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?
Obviously it is a technical field and it deals with computers and other electronic devices and other than this it is all in English so an uneducated person can't perform that good.
newbie
Activity: 126
Merit: 0
I do not think it necessary, the most important is to know about crypto and can analyze the coins to become a successful trader
member
Activity: 134
Merit: 10
i think it is best for a trader to be educated because it can sense the flow of trading, weather when and where to trade. knowledge in forcasting trade will help you earn profit and leads to less loosing your gains. it should be better educated so that you it can be usefull in your future trading.
hero member
Activity: 2996
Merit: 609
Yes i agree with that, to become pro trader should be through education, not only education about technical and fundamental analysis but also important education about psychology of trading, because actually psychology of trading is bigger factor that possible to make consisten profit.
I believe that in doing trading knowledge is a must. I believe that those successful trader was equipped with their knowledge that they gain through their experiences, through their own research and through their own techniques and strategies. It also important that the trader should have the courage to extend their knowledge and willing to earn more knowledge.
You should really open yourself on learning up new techniques and ideas which you can possible gain thru trading.We might not able to get profitable at first but our experience would really lead us to the process where we do already gradually improving ourselves. There no man that do starts to be professional directly when he do encounter a thing on his first time. Learning up and educate yourself on the basic and the rest would be thought on what you had experienced along the way.
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