Topic: A successful trader must be an educated trader? - page 35. (Read 2518 times)
A trader cannot be successful through cryptocurrency trading if he is uneducated. He needs basic understanding and the knowledge to predict the market, without which it is impossible to be successful in trading. Even the lucky people cannot profit without the basic education.
Is it true to state that every successful trader is an educated trader.
First you need to tell us what is " successful trader "
and
second you need to tell us what is " educated trader "
We know how trading is tedious,reading of chart, analysing the market and making a decisive decision.
make a good decision is very difficult and we can not always do it
"Daddy Bull and Baby Bull are standing at the top of a hill looking down at a herd of cows grazing at the bottom. Baby Bull says to Daddy Bull 'Let's run down and f*ck one of them cows Daddy', Daddy Bull says to Baby Bull 'No son, let's walk down and f*ck them all"
hahahaha
you have a good imagination
This is an optional criterion for trading cryptocurrencies on the market. I think you will learn to lose to learn from their mistakes.
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.
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?
%100 True. A successful trader has to be educated or he will lose his holdings.
As I always state in my posts, trading without technical analysis using only hearsayings is nothing less than gambling.
You should educate yourself in order to manage your money properly.
Aesop's Fable, 'The Hare and the Tortoise' comes to mind. Some one who rushes into trading without doing the research and training may get off to a good start, but better to educate yourself first and learn as much as possible, this way you should make much more in the long run. A cruder way of saying the same thing is the saying below that I remember from the movie 'Colors' - I'm paraphrasing as I can't remember the exact quote.
"Daddy Bull and Baby Bull are standing at the top of a hill looking down at a herd of cows grazing at the bottom. Baby Bull says to Daddy Bull 'Let's run down and f*ck one of them cows Daddy', Daddy Bull says to Baby Bull 'No son, let's walk down and f*ck them all"
Either way, the moral of the story is if you have patience and put in the effort, you end up with more in the end.
"Daddy Bull and Baby Bull are standing at the top of a hill looking down at a herd of cows grazing at the bottom. Baby Bull says to Daddy Bull 'Let's run down and f*ck one of them cows Daddy', Daddy Bull says to Baby Bull 'No son, let's walk down and f*ck them all"
Either way, the moral of the story is if you have patience and put in the effort, you end up with more in the end.
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 could say that in terms of education, I think it is necessary for traders to know the bearish and bullish indicators (especially the technical aspects). There are good traders out there who doesn’t even know about the technical indicators like the MA and the different candlestick patterns we have seen. We can’t simply trade without knowing the basics of it, like in the traditional stock market.
Trading is a technical venture and actually for you to succeed in it you most have knowledge on how trading work and that means you most be educated on how to trade professionally. Only professionals traders actually become successful in this market and we are to train ourselves before we can actually make some profits from it.
To be a successful trader need education, training, mentorship, concentration, emotionally stable, informed about current news and event, lucky, have passion for trading and ready to loss at any time.
Not all of the successful traders are educated trader, some of them are experienced traders and got used to see the chart and automatically can understand the market, educated trader does not guarantee to become a successful traders, too many indicator can confused your judgment
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?
Its true, its a step of being a successful trader being knowledgeable and educated to know that things you said is the things that trader must be known even it is not mastered all in one of them that works for you its already a success. There are many traders that are educated which doing not the same way or strategies it depends on any own what he use. 
I agree on that, but according to what we consider as succesful trader, not once, but most of the times succesful 
Then yes, I agree.
Then yes, I agree.
yesmyou have knowedage about trader,it is very good for you,but the real it is not in the book,you need more exp,you need know when you buy and you sell,you can't buy at bottom and sell at top,it is can't,you don't hope you can x10-20 or x100 times,you should set the goal you can do,you set cutloss to not lose all money,cut loss is very importtance with day trader
I think experienced traders have more knowledge, although not to argue knowledge for analysis is also very important. So the combination will be better.
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?
A successful trader does not necessarily have to be an educated trader. I know several people who got lucky with crypto and made a crazy amount of lucky based off of luck. They did not have a background in investing and they did not even know how many of the aspects of crypto even worked. With that being said, i think an educated trader will make more money in the long run because they will make better trades and investments overall.
In my opinion to become successfully trader the more important thing than knowledge about technical or fundamental analysis is they can manage emotions, always patient , dont be greedy, dicipline and never out from strategy and trading plan that they make it already before. In trading no need to understanding all about technical analysis but psychology in trading is the key to be successfully trader.
Not 100% true, the most important quality successful traders should have is discipline, patience, knows how to control his/her emotion, and lastly, experience.
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?
of course it is a must! you can't be possibly trading if you're not educated enough about the things you are engaged to. before trading you must understand that you will have to lose something and get something in return. you must know how to interpret chart and how to read time. be observant for there are chances that your coin might go up or down so you must be always aware of the flow for your unregretful decision.
It obviously should be. Its like running your own company. If you dont have enough knowledge doing it, it will not become successful. Analysis is the most important thing on trading. It should be acquired first before anything else.
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?
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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