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Author Topic: Is trading just educated guessing?  (Read 22360 times)
dannon
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February 23, 2017, 11:12:58 PM
 #1

Can you really be sure you will profit unless you have insider info?

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February 24, 2017, 02:05:06 AM
 #2

Can you really be sure you will profit unless you have insider info?

Not at all. Trading with bitcoin requires you to follow the price flow, current events that might change the price and also a little luck.
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February 24, 2017, 02:47:26 AM
 #3

Nope. I don't think that trading is just educated guessing because if you are a true trader, you will not just guess what will be the price or the move of a particular cryptocurrency coin because you will do a lot of research and a lot of analyzation because that is how you things can be done especially the decisions that you will make in your trading journey great.

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February 24, 2017, 03:16:26 AM
 #4

If we are talking about guessing then its totally random from the word itself but speaking with educated i guess it wont be considered as guessing because you do already have a basis on which coin or what move you will do specially on trading and to other things.


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February 24, 2017, 04:01:26 AM
 #5

Educated guessing is a good way of summarizing it. You can never be 100% sure of an outcome (unless as you say you have insider info). However, by following the news and key events likely to impact the price of bitcoin (regulation, past issues that have affected the price) you can then work with a likely outcome. People who trade for a living (whether in bitcoin or fiat) develop a keen sense for picking up signals from the market to make these "educated guesses".
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February 24, 2017, 04:12:42 AM
 #6

Can you really be sure you will profit unless you have insider info?

It's not only about insider info, you also need to find many informations and you must update about bitcoin everyday. Beside educated guessing, you can predict the price of bitcoin when you see the news about bitcoin which is bad or good for bitcoins and it's really important for trading.


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February 24, 2017, 04:20:29 AM
 #7

Can you really be sure you will profit unless you have insider info?
No, you don't necessarily need insider info to be a successful trader, but it helps, a lot. Wink
Trading is not about guessing, of course you can do that too, but don't forget that we have market indicators, news and expectations.
You said it - you need to be educated - and when you are educated enough you will have higher chance of making good trading decisions.




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February 24, 2017, 04:22:52 AM
 #8

Can you really be sure you will profit unless you have insider info?
I can't. but it depends on the how the useful of the info. And it must have good accuracy to be a complete guidance about what will happen in the future. you can take a profit from there.

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February 24, 2017, 04:35:13 AM
 #9

Can you really be sure you will profit unless you have insider info?
Even traders dont have a insiders info they can make profit on trading.
Insiders info is a big help in trading but its hard to get it.


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February 24, 2017, 04:51:01 AM
 #10

Trading doesn't need to be educated if the focus is towards the service sector. When it comes to bitcoin trading basic computing knowledge is a must. Later on can make a better earning with the skills and experience that we gain through our knowledge which is the base.

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February 24, 2017, 04:54:10 AM
 #11

Can you really be sure you will profit unless you have insider info?
No, you don't necessarily need insider info to be a successful trader, but it helps, a lot. Wink
Trading is not about guessing, of course you can do that too, but don't forget that we have market indicators, news and expectations.
You said it - you need to be educated - and when you are educated enough you will have higher chance of making good trading decisions.

Indeed with this indicators we can tell the possible trend of the market.  Having facts and information to guide us to predict precisely what will happen next is not an educated guess in my opinion. 

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February 24, 2017, 04:57:34 AM
 #12

Can you really be sure you will profit unless you have insider info?

maybe you can call it "educated guessing" although i don't like it because you are using the term guess but in any case you don't need insider info to make profit.
there are lots of analysis and science going into speculation for trading that help you make a better "guess" that is closer to what will happen in the future. if you learn all these techniques you can slowly see that it is not really random and it can be predicted to some extent.

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February 24, 2017, 05:27:21 AM
 #13

Can you really be sure you will profit unless you have insider info?

trading must use technical anlys and fundamental analys
nothing people can give information signal can get always profit in trading

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jossiel
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February 24, 2017, 05:39:29 AM
 #14

Can you really be sure you will profit unless you have insider info?

It depends, if you are an experienced trader then you know the assurance that profit you will get when you trade. Because you know how things work, speculation, movements.

Mostly it's all about analysis and with the guessing that's what we called assumption that can be considered with our feeling that your trade will gain profit.

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February 24, 2017, 06:53:32 AM
 #15

Can you really be sure you will profit unless you have insider info?
what do you mean of insider info? I think we all do not know the price signal except by analyzing of volume ,trend and guessing. and that is not entirely true

           
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February 24, 2017, 07:05:14 AM
 #16

No man,not educated guessing but of course education in trading is important factor. You need to analyze statistics and etc, there are many things to know if you really want profit and not silly blind trading. Also another important factor is luck which I always day. Statistics and analyzes can sometimes lie you. If you start trading, loss and profit will be your best friend.

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February 24, 2017, 12:19:23 PM
 #17

There are traders who look at statistics for every day of a trading year to compile which days are statistically most likely to be good for profits.

They'll have a database which compares days monday through sunday in a 365 day year to statistically calculate which day of the week is the most likely to be profitable.

Analyzing big data, sometimes they'll find some months are better than other months for trading.

There are consistent patterns that might emerge to increase chances of turning a profit when looking at statistics like trading volume, buyer to seller ratios and other variables.

Traditionally, this is probably the extent to which most successful traders will go.

There is a lot of math and number crunching involved which may not be for everyone. And even then there is no guarantee of success.

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February 24, 2017, 12:38:39 PM
 #18

No man,not educated guessing but of course education in trading is important factor. You need to analyze statistics and etc, there are many things to know if you really want profit and not silly blind trading. Also another important factor is luck which I always day. Statistics and analyzes can sometimes lie you. If you start trading, loss and profit will be your best friend.
it soundslike uncertain isn't it? trading really feel like guessing the market based on uncertain statistics, news etc. all of them can't be really predicted accurately indeed but it's the part of the game. so yeah it's all about guessing . don't expect to keep getting profit as there is no business run smoothly without a lost.

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February 24, 2017, 12:39:17 PM
 #19

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


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February 24, 2017, 12:42:54 PM
 #20

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
well that's right when we speculate we do have some basis why the price will move such as updates or some new project which on progress that will be completed unlike wild guessing which we don't have any basis if our guess will be right or wrong, that's the difference when you do deep research and analyze well.

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