Does IQ greatly affect a person's success in trading? - page 11.

whirlcoin

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Quote from: Sirait on June 09, 2018, 02:53:23 PM

many people have high IQ but not all of them are trading.
so, my question is "Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading".

IQ has no role to play in trading and it maybe helpful to understand the techniques easily but luck has the main part so if you are luck then you can be a successful person in trading and also the decision making ability is important in the trading.

JohnnyBobby

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I don't think IQ has a major part to play; for me self-discipline, some knowledge, but most importantly emotional control is the most important. There's been a few times I was caught out buying the top after seeing a massive green candle only for the price to plunge an hour later...

Insanerman

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Someones IQ may have a better understanding in a particular topic and maybe they are in a struggle in looking charts and analyzing the market. It differs in every person and everybody has different learning strategies. It does not affect the trading experiences but EQ probably will.

royale143

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Quote from: Sirait on June 09, 2018, 02:53:23 PM

many people have high IQ but not all of them are trading.
so, my question is "Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading".

I think IQ doesn't matter too much here in crypto. As long as we have the skills and if we have enough knowledge about what we are doing , we could earn better by working hard and by vakuing our earnings. Intelligence matters but the eagerness to succeed is more important.

FUD Expert

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Quote from: gentlemand on June 09, 2018, 04:00:48 PM

Nope. All IQ means is the ability to pass IQ tests. That's it.

You could be the most intelligent person in the world but a useless trader if you have no control over your emotions. Maybe being a little dull upstairs makes you better. You won't be swayed by theoretical possibilities. You'll stick to your moves.

Control over your emotions is the one thing above all you need. Not many have it.

So true. And those people that have high IQ are usually good in arts and not things where money matters. You just need a normal thinking to be able to succeed in trading that also requires patience and discipline.

francis95

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Quote from: Sirait on June 09, 2018, 02:53:23 PM

many people have high IQ but not all of them are trading.
so, my question is "Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading".

Being knowledgeable in trading is one of the factors that a day trader must have. A day trader must have a technique to be a successful trader and techniques need a lot of IQ. So yes, IQ affects the persons success in trading.

virasisog

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Quote from: Sirait on June 09, 2018, 02:53:23 PM

many people have high IQ but not all of them are trading.
so, my question is "Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading".

IQ is just great for analyzing or analysis. Moreover, it doesn't mean they have a good IQ in trading because it depends on them in what kind of specifications their IQ was sharp amd trading is not all about IQ. Patience, self control and knowing the nature of digital currency is another different things that somehow IQ cannot helps.

wiwi24680

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You have higher IQ, you may have higher ability to learn about the field faster and know how to make relevant analysis, you may take 1 day, other may need 5 days to learn about the same knowledge, but this does not directly means that you can gain higher successful trading than the others, as trading depends on the experience, while luck may also involve. A conservative trading depends on the trader's thought and willingness, I cannot see the point directly related to IQ

DirtMcGirt36

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Pattern recognition and knowing psychology can help out a lot in trading. A lot of good traders just have solid intuition

hermae

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Quote from: Sirait on June 09, 2018, 02:53:23 PM

many people have high IQ but not all of them are trading.
so, my question is "Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading".

In my opinion, I dont think IQ plays a great part in one's success in trading. One becomes a successful trader if he/she have patience in everything he/she does and is not too emotional if something undesirable happens. As long as one is responsible and knows the right strategies, then he/she is a successful trader.

Tankdestroyer

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Quote from: erickkyut on June 09, 2018, 10:44:49 PM

Having a high IQ is an advantage but it will not be your key to success in trading.

It can be because higher IQ people who use fundamental analysis can predict next price movements more accurately than those with lower IQ. If used properly, it will be the key to success of someone while trading alts in crypto space.

Quote from: Intensity13.6 on June 10, 2018, 06:10:25 PM

But,you can't be success without of your self discipline,efforts and patience.Gathering more best strategies,also an advantage on this field.

That's what higher IQ people excel in. Most of them have self-discipline, and since they are also human they can exert effort and be patient. Higher IQ people can also easily learn and adapt strategies they learn.

berrygood

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It affects but not greatly for me if you have very low IQ you can't probably be successful in trading, if you have high IQ you can be or not just as people with good network are rich rather than those with high IQ.

totholio

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Just like in any other business, if used properly for sure. There are way too many thing to look at, hundreds of currencies, new ICOs, Fiat rates to each other, higher IQ->more effective and faster moon mission.

Intensity13.6

newbie

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For me,for having a higher IQ is also an advantage when trading. But,you can't be success without of your self discipline,efforts and patience.Gathering more best strategies,also an advantage on this field.

dev9t9ok

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It is obvious that people who have the highest IQ are more successful in various spheres of life and trading is not an exclusion. I consider sincerely that somebody should not be a trader if one is not smart because trading is fast way to lose money.
There are also important experiences, skills and an emotional control to be a successful trader because trading is a very difficult activity.

kwarto

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to be a successful trader for me have only 2 requirement! luck and brain. these two words should always be in your side to gain huge profit by trading. IQ really have plays a great role to be successful in trader.. it is a vital role in creating tough decision in the marketplace...

Koadharber

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Quote from: gentlemand on June 09, 2018, 04:00:48 PM

Nope. All IQ means is the ability to pass IQ tests. That's it.

You could be the most intelligent person in the world but a useless trader if you have no control over your emotions. Maybe being a little dull upstairs makes you better. You won't be swayed by theoretical possibilities. You'll stick to your moves.

Control over your emotions is the one thing above all you need. Not many have it.

IQ is needed and all sorts of things been done do needs thinking which suppose this is a usual stuff and you are right. Intelligence wont really be enough if you cant able to handle your emotions specially when you are engaging into volatile stuff then most likely you will not able to handle your emotion along the way which only a few would able to realize this.If you strive to succeed into this field then you should set up your emotions.

camito

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DAEFROM.com

Quote from: Sirait on June 09, 2018, 02:53:23 PM

many people have high IQ but not all of them are trading.
so, my question is "Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading".

I don't think having high IQ and being intelligent is the basis of how can a person be a good trader. I think someone's discipline, patience and being strategic are the keys to success in trading and not all people having high IQ have these characteristics too. Sometimes having less IQ is much better than having high ones because decision making of people having less IQ is much simplier and less complicated than people having high IQ who depends on much complicated analyzation and assumptions.

Lanzer

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I do not think so. Your intelligence is something that will not determine if you are good for X thing, it also depends on your skills and a lot of other stuff around.

gentlemand

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Welt Am Draht

Quote from: valheru on June 09, 2018, 09:38:48 PM

I think IQ fact is a bullshit for me. You can not determine the intelligence of anyone with the IQ test. if you want to succeed on a work, all you have to do is work hard on that purview.

I don't think intelligence is all it's made out to be either. The most intelligent people I know are also the least happy, least productive and least successful people I know.

Those who work well with others and have discipline, application and the ability to recognise and exploit an opportunity are the ones who get ahead.

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