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Topic: A successful trader must be an educated trader? - page 5. (Read 2544 times)

full member
Activity: 589
Merit: 102
I think that's not so, but it's the most important experience because every thing is needed precision and also clever in searching for loopholes
so also in terms of trade that every time needed accuracy in reading every opportunity
newbie
Activity: 5
Merit: 0
When You look at that life of a day trader the most successful trader including once Mr. Jordan Belfort stated that you have to be smart that is if you start with analysis the changes in each stock you might be left behind but instead if you look at the cause of these changes then you can be far ahead in this race
full member
Activity: 1736
Merit: 121
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 depends the kind education you mean. If you are talking about formal education that involves going through tertiary school, that will not be necessary. The education needed is just that related to the business, terminologies and analysis of the market.
sr. member
Activity: 1750
Merit: 267
In trading, a lot of experience is needed not a educated people. Trading is not for all the educated people. If it will, all the educated people will trade. Good analysis, experience and more knowledge about crypto currency is needed for trading.
newbie
Activity: 27
Merit: 0
The best way to become successful in trading is the rich experience you get from bad to worst trade decisions and then will get better.
 You can decide when to buy and to sell. The short and long term decisions will be efficiently made and knowledge about decisions like hold or sell will  enable him to maximize his output. You cannot expect that you will be able to make anything profitable without even having any kind of technical knowledge and awareness regarding the things.
member
Activity: 294
Merit: 10
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An educated trader can obviously have the advantage against those who are not educated trader because an educated trader knows how to read and analyze the current progress of a crypto and can predict what happens next with a good percentage of accuracy. The only thing a non-educated trader has over educated one if he is so "LUCKY".
hero member
Activity: 798
Merit: 502
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?
They can't become successful if they are not educated. Most of the successful trader became rich because of skills and not luck. They worked hard and worked smart for them to become successful. We can also become successful if we are focusing on positive thinking.
Yes! Everyone of us can actually become a successful trader if we only focus on what we are doing, trading is something that we can learn but there are only few people who can survive that path you are going through before you become successful one.
jr. member
Activity: 126
Merit: 2
i think yes , the professional must be educate trader have big knowledge , always read the new info, prediction with the correct tecnique and dont forget to share knowledge for everyone .
because sharing is beautifull  Smiley
hero member
Activity: 743
Merit: 500
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 investor is someone who knows how to overcome fear when the market falls and throws away greed as profits rise. I think we can learn how to be successful and not need to learn from anyone.
true not all are depending how you may know all and everything but you cant handle your fear well this is not to be the depending style of the trading cause as long as you know how to handle your mood this could be your best asset.
full member
Activity: 434
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?

The principal thing any yearning broker must do is attempt to take in the basics of exchanging: pip esteems, spreads, arrange passage, stops, pointers, and so on. Exchanging is a specialty and a calling like some other, and to prevail in it one must have a decent foundational instruction. The second step is to settle on a decent, stable exchanging technique, one that through demo exchanging, back testing, or different investigation you have decided is a system more than liable to be productive by and large.
full member
Activity: 658
Merit: 100
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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?
A successful investor is someone who knows how to overcome fear when the market falls and throws away greed as profits rise. I think we can learn how to be successful and not need to learn from anyone.
full member
Activity: 540
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?
They can't become successful if they are not educated. Most of the successful trader became rich because of skills and not luck. They worked hard and worked smart for them to become successful. We can also become successful if we are focusing on positive thinking.
full member
Activity: 378
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?

Yes you are right, those people today who are still trading in the market are successful people because they knew if they will earn profit or not based on their ow research of information.
legendary
Activity: 966
Merit: 1004
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exactly! I dont say that only educated trader get success. But if you are educated, you can reduce your risks than others who must spend more time and money to get experience
Educated means knowledge and educated in school and in trading is different. Time will say when a trader will be successful with right trading. Sometimes it is not only the educated traders won as some other won by luck and with their attitude.
hero member
Activity: 1022
Merit: 511
It is the mindset of successful, professional traders that makes them successful. These traders don’t necessarily have better trading strategies than the average losing trader, but they are infinitely better at executing their trading strategies in a disciplined manner.

The first thing any aspiring trader must do is make the necessary effort to learn the fundamentals of trading: pip values, spreads, order entry, stops, indicators, etc. Trading is a craft and a profession like any other, and to succeed in it one must have a good foundational education. The second step is to settle on a good, sound trading strategy, one that—through demo trading, back testing, or other analysis—you have determined is a strategy more than likely to be profitable overall.
There is difference between experienced and educated. Majority of our fresh graduates are well educated but they are not experienced and have to go through training cessions before stepping into the professional world.

Bill was not a well educated man but he had ideas and put the ideas into practical work which is why he became the world’s richest. What I want to say is that education is not the bottom-line. Practical market experience and some knowledge about the crypto is enough.
sr. member
Activity: 784
Merit: 255
If in the country I live a trader it does not need to educate, provided there is a willingness to learn and try there must be a way.

For example my friend who only graduated from junior high school can beat me in terms of Bitcoin trading in Bittrex and Binance, while I graduated from high school and I also have to study with him because I realize I have not understood about Cryptoccurency even though my school rank is higher than him. that's Cryptocurrency!
full member
Activity: 515
Merit: 101
exactly! I dont say that only educated trader get success. But if you are educated, you can reduce your risks than others who must spend more time and money to get experience
member
Activity: 112
Merit: 10
First of all, Educated term is fully relative, you don't mean that only degree holder person is not an educated person. When you have a lot of knowledge about a particular thing then you must be an educated on that issue. Obviously, Without proper knowledge, you can't gain anything, you have to gather proper education in every aspect if you want to win.
full member
Activity: 378
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?
Well for me a lot of successful trader right now is really educated so there is no doubt that to became very successful in trading world a lot of traders should be educated on all cryptocurrenct that can make them profitable or successful.
hero member
Activity: 3010
Merit: 666
There is a truth in that .. but it is not a must I think. I know some traders who are doing great without a good educational background. what I think is a good trader must have a good decision taking ability + little bit luck  Smiley
Education can be obtain even by ourselves and no formal education needed.
That depends on how willing we are and the effort we spend in order to realize our passion, if we will love what we are doing and we are capable
to lean then for sure we will grow as a trader and success is possible to us.
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