A successful trader must be an educated trader? - page 9.

shesheboy

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Quote from: coynedterm on June 21, 2018, 01:29:27 AM

Quote from: richan on May 06, 2018, 09:09:40 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?

Yeah , this is really a big factor to become a successful trader , as we can see that lots of people are doing trading but not everyone making much profit easily , so here what the factors that is making oke trader totally different from another , Ofcourse education , but here we should notice that these are only a part of the experience also , if we have lots of experience to do work then surely we will be able to work in this field easily .
As an example when I was in this Field newbie then everything was unknown for me and I was always looking to a guide to work , but day by day I get understanding that nothing is safe in this Field and also I got ideas that how to himself away from the risky investment and keep himself safe as much as we can with new new stretagy .
Otherwise here making money with the help of another people is not easy , but if we will go for the investment with own analysis then surely here we will reach at a better results .

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as we can see that lots of people are doing trading but not everyone making much profit easily

the main reason why people cant make a profit easily is because the crypto market is always down. it is not because they are uneducated or whatever reasons that you might think of. there is no easy money here in crypto especially in trading because trading is pretty hard to do , in addition to the volatility of the cryptos.

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this is really a big factor to become a successful trader

all of us can become a trader and not all who became sucesful are aways educated . the real that matter when it comes to reaching your success is being motivated or dedicated on what your real passion is. we dont need a higher education or trading courses. we can do trading as long as we know how to read and write.

coynedterm

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Quote from: richan on May 06, 2018, 09:09:40 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?

Yeah , this is really a big factor to become a successful trader , as we can see that lots of people are doing trading but not everyone making much profit easily , so here what the factors that is making oke trader totally different from another , Ofcourse education , but here we should notice that these are only a part of the experience also , if we have lots of experience to do work then surely we will be able to work in this field easily .
As an example when I was in this Field newbie then everything was unknown for me and I was always looking to a guide to work , but day by day I get understanding that nothing is safe in this Field and also I got ideas that how to himself away from the risky investment and keep himself safe as much as we can with new new stretagy .
Otherwise here making money with the help of another people is not easy , but if we will go for the investment with own analysis then surely here we will reach at a better results .

Rexxxem

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One of the best trader said that one should become an expert in all aspects of crypto (TA, FA, mining, etc). But there are people who trade 90% relying on TA only and still make money. There are profitable pure FA traders.

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Quote from: richan on May 06, 2018, 09:09:40 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 educated traders are those who are successful in trading in the market, it was very hard to predict the future but if you are working hard and conducting your own research before investing on a certain coin then there is a huge chance for you to make the right decisions in trading.

Activitycoin

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Quote from: sgenuine on June 20, 2018, 03:54:10 AM

Quote from: gsingh on June 15, 2018, 09:01:44 AM

It all depends on the way that you use to trade, if you are not experienced enough, you are not going to go anywhere with your trading methods, that is why you need to have experience

Experience comes with time only. However, you can educate yourself reading the literature devoted to the cryptocurrencies and blockchain and watching videos about these things.

Yeah we can learn about bitcoin trading from anywhere we are not bound to go to school or university for it, but we can learn from any local YouTube station, we can explore google as well, we can share the experience of other holder and traders to let us know about their mistakes and all those things which helped them earn and got them lose, so no need to be worry just gain experience.

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Always Use a Trading Plan
A trading plan is a written set of rules that specifies a trader's entry, exit and money management criteria. Using a trading plan allows traders to do this, although it is a time consuming endeavor.

Protect Your Trading Capital
Saving money to fund a trading account can take a long time and much effort. It can be even more difficult (or impossible) the next time around. It is important to note that protecting your trading capital is not synonymous with not having any losing trades.

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To succeed in the trading at least, they should be able to analyse the market trends and statistics in order to trade better. They cannot proceed without knowledge of the analytics latest trends, also they can not depend on someone to update what is happening with the market.

Coin-1

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Quote from: ArnoldChippy on June 19, 2018, 04:27:01 PM

Quote from: febryza on June 19, 2018, 02:55:27 AM

I think to be succesful trader we don't nees to be educated trader, because the main thing on trading that you need is experience. You must believe on your trading experience, in trading the lucky also needed, but if you have done all of your effort then you just need to wait for lucky. Educated trader not certainly always gain profit.

Experience is important no doubt, but we also cannot ignore the importance of education for a successful trader, specially education that is related to your profession. Education make you broad minded, It increase your capability and help you in capacity building. I think education can play an important role in trading.

I agree with you that education is important in trading. But education means mostly a using of technical analysis which is almost useless on the highly manipulated crypto exchange markets. Who can teach the trader to read and correctly analyze the news? Only himself. In my opinion, the successful trader must be involved to the crypto currency world and be acquired about the current situation in the world politics and economics that impact on the prices of coins. Education is important to avoid a gross well known mistakes in trading.

tanjilrifat

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A person can be educated in different aspects. The most important in crypto trading and investments , is you must be good at observation.

jannatakter

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I agree with you a trader learn some skill, trick and analysis then he can success a trader gain knowledge about trading a successful trader make more profit

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If we say that to be a trader one must be knowledgeable, then that knowledge comes from education. Educated trader will make a judgement and better trade than non educated trader.

Ofcourse, it's similar to a battle of experienced vs inexperienced. To be good at something, or to be a master rather, you should educate yourself first, you should research first so you can be knowledgeable in trading. Most of the successful traders are the one who's full of experience. Since loss in inevitable, we can say that once you become educated in trading, your loss will be less, and it will lead you to success.

ronsaldo

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To be called a successful trader , it is not necessary that you will be an educated person. The most important in crypto trading and investments , is you must be good at observation. You must observe first the flow of the price charts before investing or buying the specific altcoin you want to trade with. You can have profits if you know how to trade well.

Hell-raiser

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Quote from: richan on May 06, 2018, 09:09:40 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?

You don't specify what you mean by being educated. Do you mean a degree in economics or what? If so, then it would definitely count as being a highly educated person but does it mean that you will be successful in trading? Not in the least. The history knows a lot of examples when highly educated people, even famous and distinguished guys like John Keynes or Irving Fisher, lost massively in the market. So being educated is not a guarantee of profits. On the other hand, you may not have finished college but if you have capabilities in this field, you may easily outperform dudes with economic degrees and steep IQ's.

sgenuine

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Quote from: gsingh on June 15, 2018, 09:01:44 AM

It all depends on the way that you use to trade, if you are not experienced enough, you are not going to go anywhere with your trading methods, that is why you need to have experience

Experience comes with time only. However, you can educate yourself reading the literature devoted to the cryptocurrencies and blockchain and watching videos about these things.

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Quote from: richan on May 06, 2018, 09:09:40 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 true. Just basic education from schools and understanding math could get you some money there.
Do you mean a trading school? You dont need it.
I have already gained some money out of trading without being there. Just experience and monitoring prices made me profits.
But it takes a lot of time. Good thing binance already had an application for android so I can do it anywhere and check prices of different coins.

ArnoldChippy

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Quote from: febryza on June 19, 2018, 02:55:27 AM

I think to be succesful trader we don't nees to be educated trader, because the main thing on trading that you need is experience. You must believe on your trading experience, in trading the lucky also needed, but if you have done all of your effort then you just need to wait for lucky. Educated trader not certainly always gain profit.

Experience is important no doubt, but we also cannot ignore the importance of education for a successful trader, specially education that is related to your profession. Education make you broad minded, It increase your capability and help you in capacity building. I think education can play an important role in trading.

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Quote from: richan on May 06, 2018, 09:09:40 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, every trader in the market who are earning a huge amount of profit are very well educated on the current situation of cryptocurrency in the industry and that is the reason why they are successful on trading because they knew the pros and cons before joining the market.

Evil eye

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Quote from: richan on May 06, 2018, 09:09:40 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 businessman, he must be educated. Because there is a lot to consider when trading in the exchange market needs to be bought - sold. And it is not possible by an uneducated person. Trading in statistics, statistics and market ideas and the possibility of making profit are more likely to be beneficial. So it is very important for a trader to be educated.

Kupid002

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Quote from: deppil on June 19, 2018, 12:18:41 AM

Quote from: TheDarkRide on June 18, 2018, 10:22:16 AM

Quote from: Shanmatthew on June 18, 2018, 09:52:27 AM

No I'm not agree that every successful trader is educated.I have a few friends that use trading and he/she is already successful trader now.but he/she is not educated person.maybe other people is educated and being successful traders.

High level of education will become a good thing for traders. But since there is no formula to be able to get steady income, high degree of education isn't the only thing to be able to be a successful traders.

You right high eduaction will probably give you additional positives to increase the likelihood of profit. but that doesn't mean profit is generated only from high education only. many traders do not go to college. like my friend but he is very smart in trading strategies. and generate huge profits

not just to be an educated but the rate of your for being a knowledgable can also give you to think the best choice and the best decision that you can actually have to decide for while you are here in crypto well i believe here that edcuation are not to be your rate to be for being as good as well.

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In my experience, who is keen in to market conditions is a good trader. Who can speculate the market movements does this trading job well & earning smart money as well. Of course it is a plus point being educated though you should be top level researcher about market or a particular coin. I can suggest you few tips to start trading well. Be on alert about market movements, always find & follow a method of trading even which can be unique to you but stick in to your method. Short term trades are not advisable but short & long term trading can be more beneficial.

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