Trading is not an educated guessing, its also added continous learning that will enhance our knowledge on how we can manage our time well. Even pro traders made mistakes on trading because of emotions during trading. Its not easy it will takes determination also so we can get earn profit well.
The trade is not entirely a guess as gambling. You have to do the analysis on altcoin who want you to buy. and when they want to sell you also have to do the analysis. it is not just a guess
Topic: Is trading just educated guessing? - page 50. (Read 22912 times)
Trading is not an educated guessing, its also added continous learning that will enhance our knowledge on how we can manage our time well. Even pro traders made mistakes on trading because of emotions during trading. Its not easy it will takes determination also so we can get earn profit well.
The trade is not entirely a guess as gambling. You have to do the analysis on altcoin who want you to buy. and when they want to sell you also have to do the analysis. it is not just a guess Not really, i won't called it as guessing but more of speculating, when you are guessing you don't have anything to support your answer, but when you speculating you have the reason and proof why the price is going to up or going down, and when you trade you need to speculate not guess, because when you guess, you won't learn anything
And what about an educated guess?
It's a question of how you define words like speculating ans guessing I would say.
Fact is that without any background in trading or finance in general you will mostly lose all.
So knowledge is needed. But what is more important is experience!And that you can only get over time!
It's learning and getting better by doing! Especially in terms of market behaviour and psychology.
That's true. The more educated you are, more accurate guesses you make. A blind monkey can make guesses too. But based on which information? If you aren't informed about the subject, its only gambling.
Sometimes you may be misinformed or less informed and because of that you don't succeed every trade you do. If you knew everything, you would have owned everything on earth.
So you need to be an educated person but being educated doesn't mean that you'll always be successful. On the other hand, being uneducated will most likely guarantee your failure. (there is still a small chance for a stupid monkey to be successful)
Why is education so important? Because the people you are competing with (they are your competitors when you make trades) are also trying to be smarter. In the end, the smartest dude makes the most money.
Sometimes you may be misinformed or less informed and because of that you don't succeed every trade you do. If you knew everything, you would have owned everything on earth.
So you need to be an educated person but being educated doesn't mean that you'll always be successful. On the other hand, being uneducated will most likely guarantee your failure. (there is still a small chance for a stupid monkey to be successful)
Why is education so important? Because the people you are competing with (they are your competitors when you make trades) are also trying to be smarter. In the end, the smartest dude makes the most money.
Education and guessing can't go in same sentence, education is experience and years of learning, guessing is pure gambling. I'm sure that educated traders have mistakes, no one make profit on every trade, but I would not say that they are guessers.
I often see the mentioned that only 1% of forex traders manage to make profits for a long period of time. What this shows is the fact that while it IS possible, it isn't as easy as a lot of people would have you believe. Only the best of the best earn enough to live off and it takes years to get to that point.
This information shows that with guessing you can't make profit just with wild guessing, I wonder how many percent of gamblers make profit, more then with trading? At least couple more percents I'm sure. 
I often see the mentioned that only 1% of forex traders manage to make profits for a long period of time. What this shows is the fact that while it IS possible, it isn't as easy as a lot of people would have you believe. Only the best of the best earn enough to live off and it takes years to get to that point
And these 1% might well be banks
Banks will make profits at Forex no matter where the price might move since when they either buy or sell they are already fixing profits that they earned on their clients before. This is essentially the same with other markets too. Not all markets are a zero-sum game, but if they are, that basically means that those who are making profits (the said 1% of profit takers) are leaving the rest of the trading folk with losses. It is hard to beat the banks but still not impossible. George Soros did exactly that, i.e. made the Bank of England bite the dust in the early 1990s
we need to learn from time to time so we can mastered it and the most important is we can make big profit from trading. its not good if we only just guessing in how much the price will be up because no one will know about this and if we learn in the chart then i think we can predict when the price is up and down and we can place order buy and order sell.
Continuous learning is an integral part of good trading experience. Without learning we cannot improve our prediction capability according to new market fluctuations. We cannot expect bitcoin trading or any other trading to behave in a similar manner all the times. Market is always known for giving surprises and shocking so it is our responsibility to improve our prediction capability.Some may call this as just a guessing work, but actually is it is beyond the guessing because it is based on some fundamental calculations.
Guessing is not a good criteria to invest because to do traiding you must have enough knowledge and information for traiding bitcoin. I read an article that can help you to understand the risk of doing bitcoin trading may be it can help
https://medium.com/@Magnr/5-tips-for-successful-bitcoin-trading-5c6bfcb6dd2b#.v2i1572ii
https://medium.com/@Magnr/5-tips-for-successful-bitcoin-trading-5c6bfcb6dd2b#.v2i1572ii
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Trading is not an educated guessing, its also added continous learning that will enhance our knowledge on how we can manage our time well. Even pro traders made mistakes on trading because of emotions during trading. Its not easy it will takes determination also so we can get earn profit well.
Yes that is true. Trading always requires continuous learning if we want to be successful in trading field. I also agree that even the most pro trader also makes mistake because no one is perfect and it can be the cause of his emotions or wrong analysis but he can minimize that risk of getting loss by studying the market more and engaging better analyzation and better decision making.beside that we need to learn from time to time so we can mastered it and the most important is we can make big profit from trading. its not good if we only just guessing in how much the price will be up because no one will know about this and if we learn in the chart then i think we can predict when the price is up and down and we can place order buy and order sell.
Trading is not an educated guessing, its also added continous learning that will enhance our knowledge on how we can manage our time well. Even pro traders made mistakes on trading because of emotions during trading. Its not easy it will takes determination also so we can get earn profit well.
Yes that is true. Trading always requires continuous learning if we want to be successful in trading field. I also agree that even the most pro trader also makes mistake because no one is perfect and it can be the cause of his emotions or wrong analysis but he can minimize that risk of getting loss by studying the market more and engaging better analyzation and better decision making.
Trading is not an educated guessing, its also added continous learning that will enhance our knowledge on how we can manage our time well. Even pro traders made mistakes on trading because of emotions during trading. Its not easy it will takes determination also so we can get earn profit well.
I often see the mentioned that only 1% of forex traders manage to make profits for a long period of time. What this shows is the fact that while it IS possible, it isn't as easy as a lot of people would have you believe. Only the best of the best earn enough to live off and it takes years to get to that point.
I am very confident with trading will benefit if we could read his chart market, because of the data that we can know which direction his trade up or down its price will be discovered in the next few hours when we use 4H MACD.
Can you really be sure you will profit unless you have insider info?
Educated guessing, I will agree with you because for someone to make an educated decision then you must have gotten education and the process is not one that is cheap and in the case of gambling, it means thorough understanding and learning of how stocks work, how to know the right time to buy and sell, even insider info is another source of education because being in the right place at the right time is also another form of educated decision.
Can you really be sure you will profit unless you have insider info?
What kind of question is that, If you really want to know or learn about in trading you must do your own research about it. All expert traders here they didn't get this title just because of educating guessing only, that was totally wrong of thinking. And if ever you fail in doing trade just keep this in mind that "Fail is a one step ahead closer to success"
Can you really be sure you will profit unless you have insider info?
What kind of question is that, If you really want to know or learn about in trading you must do your own research about it. All expert traders here they didn't get this title just because of educating guessing only, that was totally wrong of thinking. And if ever you fail in doing trade just keep this in mind that "Fail is a one step ahead closer to success"
Can you really be sure you will profit unless you have insider info?
I do think that Technical analysis is alot of luck and a bit of mumbo jumbo, that said i really believe in looking at the fundamentals and then using that information to trade wisely. take bitcoin for example, who really knows what people will do later in the year based on a candlestick chart, answer "no one". But i look at the fundamentals of bitcoin then i really think that this year bitcoin will rise in price. its that simple in my opinion.
Can you really be sure you will profit unless you have insider info?
I think you can't be sure anyway, because there is no such thing as 'insider info', especially when we talk about trading coins. You can look at the price dynamics, halving times, casinos' recognition and the rest is just luck. In this way I think it is a lot like gambling since you are likely to lose as well as get addicted to it. I think 'educated guessing' is a good definiton of trading in any case. The only things we can know about are some obvious ones like that Apple will be as popular in a week as it is now. But this won't help making business.
Technical analysis tries to predict incoming situation based on historical data, which is still guessing and predicting. What it gives, is some justification of made choices, it can make easier to explain why you decided to take such action, with that stake and that risk. Trading is more about psychology and luck, than any technical skill. If you resist doubt, fear, greed or temptation in right moment, you can minimize risk a bit, or secure your bankroll from significant loss.
Can you really be sure you will profit unless you have insider info?
Educated guessing, I will agree with you because for someone to make an educated decision then you must have gotten education and the process is not one that is cheap and in the case of gambling, it means thorough understanding and learning of how stocks work, how to know the right time to buy and sell, even insider info is another source of education because being in the right place at the right time is also another form of educated decision.
I have never try to trade. I even don't know what skills a person has to have to become a successful trader. But I think bitcoin and other altcoins are that kind of money which are worth to try to trade, cause of results can be seen very soon.
Trading is basically just buying low and selling high just like what ordinary sellers in real life doing until now, although thing works like that there's still some different circumstance that's actually even more complicated than the real trading in the real world.The price changes are often happening between a short term of time which make it even more profitable but also you may bear the high risk of losing your money.
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