Is trading just educated guessing?

[rajasumi3]

It is not totally about education,it needs a lot practice and you have to be constantly looking at the price of bitcoins if you want to be successful trader. it needs advice from the people who are successful in trading and practice makes it a perfect.

[Sled]

If you ask me, yes i think and i agree that trading is educated guessing field because we need a lot of knowledge for trading and we need those to be good in predicting the possible prices of the coins that we are trading, good research and good prediction will do for you to become a good trader and be profitable in doing it.

[Daymond Goulder-Horobin]

Pretty much, we base it on historical data analytics (which doesn't work often) and analysis of public information, I say public in terms of the fact that we are supposed to use information that everyone can access.  Insider information is sometimes used but it is usually illegal to do so.

In some cases we can sometimes abuse the expectations of traders to make money, during a recession for instance we tend to buy since investor confidence is somewhat low, and in times of boom we either sell or even short sell.

[Schuyler]

Trading, be it bitcoin, altcoin, or simply stocks is something that no one can really master. The future is so unpredictable that even trends and graphs can’t really be relied upon everytime. Trading can be a hit and miss activity and it is up to the person how much he is willing to risk, and also depending on how much research he put into it before executing any buying and selling.

[traderethereum]

Trading, be it bitcoin, altcoin, or simply stocks is something that no one can really master. The future is so unpredictable that even trends and graphs can’t really be relied upon everytime. Trading can be a hit and miss activity and it is up to the person how much he is willing to risk, and also depending on how much research he put into it before executing any buying and selling.

in my opinion, there is a way for us to be mastered into crypto currency trading because we can found many lesson in many place and the best think that we can found is watching a video in youtube to learn trading from the expert. i am sure that in out there, many people learning trading by watching and practice what they've got.

[Hanako]

It is not totally about education,it needs a lot practice and you have to be constantly looking at the price of bitcoins if you want to be successful trader. it needs advice from the people who are successful in trading and practice makes it a perfect.

Definitely your right we need a advice or tips in someone that succesfully have many experience about in trading and aslo have been succesfull in trading. Me i have sensei that helps me a lot and also my friends that not so much have knowledge in trading. I think education is need before you jump in trading? How does if your mentor teach you but you too slow to pick up?

[Gaaara]

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

Yes other can somehow be sure their profit, by analyzing every price movement and volume, they can manage to know whether the price is going down or up, they completely assure that the price will go up but they can raise the winning percentage to 70 or even 80, it still got some risk though but completely knowing how much the price can go up is hard, and trading with some tactics is better than just trading without any knowledge, its like your gambling if you do so.

[cafucafucafu]

Trading is not about guessing at all, the trading skills are about making correct analysis in the specific market conditions, even when there is panic ongoing over the crowd of traders.

Education is also not everything you  need as a good trader, without proper preparation and market (the one yoy trading at) knowledge, you wont be able to become a really successful in this hard, trading game.

You should always set up stop losses to prevent margin call(if you are on margin trading)

[jakelyson]

You can put it that way because you can never be really sure if you are putting the right orders at the right time. But since you can use technical analysis and market study, then you have better chance of guessing the right path the market is going to take.

[nasipadang]

guess with all the information put together and market analysis the professional traders don't guess at random, many of the traders you don't know earning profits without insiders

[darthmaul]

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.
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.

Yes! Education is really important. You must know many things about trading before you even try it. Trading has many dark doors which must be lighten up with some information present. Guessing and all the stuff is really part of hard luck so you never you may incur loss or big profits. For successful trading it is better to learn things and then go for your so called Educated Guessing. 

[HabBear]

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

You can't even be sure you'll profit with insider information!

Trading is just educated guessing. And the trick to it is narrowing your trading focus on just one currency, company, etc. If you narrow your focus and read everything there is to know (that influences trading) about your target you can better understand which way the market may move.

Don't let anyone tell you they have a "fool proof system"...if we could predict the future we'd all be rich!

[majeed]

totally wrong. There are many requirements in trading and if you dont have enough skills and education, you will be lost in the battle. Analysis the market and news are very important and if you can combine both of them, you will become a good trader. There are many other advance skills but you need to learn some basic before accessing the new challenge

[mrjoy15]

When you use this term "guessing" in trading platform which never related anyway. Moreover, it turns into other meaning but reality it doesn't. Trading fully professional job which is dependent only hard work.

[uneng]

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

You can't even be sure you'll profit with insider information!

Trading is just educated guessing. And the trick to it is narrowing your trading focus on just one currency, company, etc. If you narrow your focus and read everything there is to know (that influences trading) about your target you can better understand which way the market may move.

Don't let anyone tell you they have a "fool proof system"...if we could predict the future we'd all be rich!

It depends from where is coming the information. Internet services offering insider information for anyone isn't recommended. That is not how it works. Who sells this kind of service aim big investors, traders.
It's not a cheap service and all parts gain, they won't give special informations for who has low trading balances as the profit will be low for all.

[Przemax]

To some extend trading is based on luck. Noone unless they are insider traders can know for sure how price will behave accurately.

In a guess game you are either right or wrong. Fifty percent chance to be right. In gambling you are more prone to lose than to win. Lets say that in gambling you lose 60 percent of the time and win 40 percent of the time. 20 percent difference favoures the house.

Experienced trader can shift the balance of succesful decisions based on his knowledge how particular markets have behaved in the past. If a person can make 60 percent of his trades succesful, thats considered that the person knows what he or she is doing imho.

[Wandering Soul~]

I would like OP to define what he meant with educated guessing? Because educated means informed, well read, learned while guessing is predicting something without sufficient information . Since OP combined them what would be the meaning of this? Did he mean that speculating something supported by various information? If yes, then that's what you do in trading, what most traders do . Op also asked if insider info is necessary to profit, The answer for that is NO although it can help your speculation .

[cryp24x]

It is not totally about education,it needs a lot practice and you have to be constantly looking at the price of bitcoins if you want to be successful trader. it needs advice from the people who are successful in trading and practice makes it a perfect.

Isn't practicing an education?  It is a practical education where you experience the thing you read yourself thru action in order to absorb and understand it more and even make you create another set of strategy that will boost what you learned.  When you experience something and learned it, it is education.

[Renji Abarai]

Educated guessing? Maybe since you have a data to study and make a decisions. Datya are open out there and anyone can forecasts bases on the history of each financial instrument,company or coin. In this regard, at least risk is minimized in trading unlike in gambling, its really a luck in my opinion.

[Sled]

I would like OP to define what he meant with educated guessing? Because educated means informed, well read, learned while guessing is predicting something without sufficient information . Since OP combined them what would be the meaning of this? Did he mean that speculating something supported by various information? If yes, then that's what you do in trading, what most traders do . Op also asked if insider info is necessary to profit, The answer for that is NO although it can help your speculation .

The OP is trying to tell us that trading is combination of education and guessing which i agree because it is true that we need to study how trading works and what are the things we need to remember in trading which is part of education and also guessing because you can't just do trading without education and speculation for the price which is also guessing.