Is trading just educated guessing?

[n691309]

Basically yes. Trading isn't really a battle of who knows most of the indicators and what they mean but rather luck and patience to profit. Most of these successful traders are there at the right moment doing the right thing. If not, they would still be struggling to get greens ever day's end. It just so happen that luck favors them that's why they end up making more money than other traders.

Yes, Trading is not just guessing. If you know about the forex, then we will realize that crptocurrency trading is also a full time job which involves analysis the trend through history and candles stick etc. Those who are doing trading in a proper way are earning much in this.

Trading is definitely a business where you need to learn effective strategies and plans in order to be a successful trader.
I don't know why people treat trading as a gambling or a guess game. Proper trading demands hard work and only those are successful to make maximum out of reading who treat it as a job.

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[orions.belt19]

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.

Obviously, having the need for insider info means that trading is more than just guessing. I agree that it is not needed but it could help the trader in determining the best time to buy or sell. From insider info, the trader may be able to make predictions out of it. More than just guessing, you have to research and learn the trends for you to make good trading decisions. There's a risk to trading, kind of like gambling, but it has lower risks of losing or winning.

[BitcoinBallerina]

Yes, pretty much.

The future can never be known. So in that sense, it is guessing. However, the keyword is educated. Lots of people think they are so educated in trading, but really are complete noobs.

[Casmania]

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

Not at all. as long as you have the good feedbacks from the trusted sources. You can invest, but you're also taking some risk in that way.

[Opekin]

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

Not at all. as long as you have the good feedbacks from the trusted sources. You can invest, but you're also taking some risk in that way.

Feedbacks are just feedbacks would you go to risk with their good feedbacks or to have a better option to research on your own so you would not guess any altcoin or to believe in trusted sources .Remember trading is not about them its about your money so you need to be more slowly but surely.

[Kevin77]

Basically yes. Trading isn't really a battle of who knows most of the indicators and what they mean but rather luck and patience to profit. Most of these successful traders are there at the right moment doing the right thing. If not, they would still be struggling to get greens ever day's end. It just so happen that luck favors them that's why they end up making more money than other traders.

Yes, Trading is not just guessing. If you know about the forex, then we will realize that crptocurrency trading is also a full time job which involves analysis the trend through history and candles stick etc. Those who are doing trading in a proper way are earning much in this.

Trading is definitely a business where you need to learn effective strategies and plans in order to be a successful trader.
I don't know why people treat trading as a gambling or a guess game. Proper trading demands hard work and only those are successful to make maximum out of reading who treat it as a job.

We cannot be sure that all the traders are going for proper trading as it requires lot of preparations. We need to accept that most of the people are looking for a easy money, that is the reason instead of trying with trading instead of gambling with comparatively less risk but in gambling way just by depending into their guess works

If you look into a successful trader then probably he will not go for the guess works but now a days many people are choosing trading over gambling but still continue their behaviour of guessing like how they gambled. But there will be no guarantee that they will succeed with trading too.

[richkellj]

Basically yes. Trading isn't really a battle of who knows most of the indicators and what they mean but rather luck and patience to profit. Most of these successful traders are there at the right moment doing the right thing. If not, they would still be struggling to get greens ever day's end. It just so happen that luck favors them that's why they end up making more money than other traders.

Yes, Trading is not just guessing. If you know about the forex, then we will realize that crptocurrency trading is also a full time job which involves analysis the trend through history and candles stick etc. Those who are doing trading in a proper way are earning much in this.

Trading is definitely a business where you need to learn effective strategies and plans in order to be a successful trader.
I don't know why people treat trading as a gambling or a guess game. Proper trading demands hard work and only those are successful to make maximum out of reading who treat it as a job.

We cannot be sure that all the traders are going for proper trading as it requires lot of preparations. We need to accept that most of the people are looking for a easy money, that is the reason instead of trying with trading instead of gambling with comparatively less risk but in gambling way just by depending into their guess works

If you look into a successful trader then probably he will not go for the guess works but now a days many people are choosing trading over gambling but still continue their behaviour of guessing like how they gambled. But there will be no guarantee that they will succeed with trading too.

That’s true. People need short cuts for earning big capital. Their laziness and dependency on others seldom let them work hard and earn for themselves by true means. I have also witnessed the big shift towards trading from gambling but obviously these traders lack the knowledge of trading and are merely working on their guesses.

[wizardee]

Well, it matters on how you look at this question. If you mean just totally random guessing at any given time, then certainly not. For bitcoin trading, you need to follow the current trends and news of the cryptocurrency world. Without this knowledge, you will most certainly loose a lot of money.

Especially for altcoin / bitcoin trading, you need to do a lot of research before making any investments.

[Pepito Manaloto]

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

You will be sure of a profit in trading if you'll do first a research about it. Might also consider your observations on what is happening in the coins involved in the trading you are into, happenings about the rate of each coin, what's the most popular and the likes. You are trading money and you want to assure that you'll get something in return, so you better be careful.

[Bous]

No at all. There is no "guessing" in trading. There is of course a luck factor, as in anything, but it is very low. Most of the skills of a trader comes from its practice and its experience. There is schemes to learn and news to follow and you are a great trader.

[carlisle1]

No at all. There is no "guessing" in trading. There is of course a luck factor, as in anything, but it is very low. Most of the skills of a trader comes from its practice and its experience. There is schemes to learn and news to follow and you are a great trader.

correct there's statistics that we can use to follow the movements of certain project and there's some things that influence the movements
considering the whales and the newbies who's not really knowledgeable enough to proceed with trading, I like that idea regarding with skills
and experience that's the advantage.

[Monnt]

No at all. There is no "guessing" in trading. There is of course a luck factor, as in anything, but it is very low. Most of the skills of a trader comes from its practice and its experience. There is schemes to learn and news to follow and you are a great trader.

Trading is an art, a proper subject. It is totally unfair and rude on our part to call trading guessing or to compare it with gambling. Luck does play role in trading but that is a minor one. Trading is done after learning it in a proper way. The experts have spent hours and even months for getting a command over trading but still are in phase of learning. So in short, trading needs hard work and patience.

[andrei56]

Basically yes. Trading isn't really a battle of who knows most of the indicators and what they mean but rather luck and patience to profit. Most of these successful traders are there at the right moment doing the right thing. If not, they would still be struggling to get greens ever day's end. It just so happen that luck favors them that's why they end up making more money than other traders.

We cannot completely explain the results that traders that get profits by just luck, they may get lucky once in a while but if they are successful after many years then the only thing we can say is that they are more skilled than other traders they have the talent to see when the trends are going to change.

[Baofeng]

Basically yes. Trading isn't really a battle of who knows most of the indicators and what they mean but rather luck and patience to profit. Most of these successful traders are there at the right moment doing the right thing. If not, they would still be struggling to get greens ever day's end. It just so happen that luck favors them that's why they end up making more money than other traders.

We cannot completely explain the results that traders that get profits by just luck, they may get lucky once in a while but if they are successful after many years then the only thing we can say is that they are more skilled than other traders they have the talent to see when the trends are going to change.

For me as you grown and more mature in trading, its no longer just a educated guess but who have learned to managed and see how the next market price will go. So you anticipate where its going to be and invest on it. There are times you might profit big and other still got a lost even though you think you have predicted it right.

So there is still an element of luck involved + experienced it in. Well no one can predict it perfectly but with time and experienced, you can used it predict the possible course of action of the price resulting in a profit. This separates the 'professional' trader from a casual trader.

[leodev]

Trading is not teaching us to become a fortune teller or a psychic one. Due to we as a traders we just take action as the monitor react which I mean the motion of the coin value. We focus ourselves to the price value of the coin so that we know if we are going to sell or buy the coins we had for us to obtain profit in the exchange platform.

[harizen]

We cannot completely explain the results that traders that get profits by just luck, they may get lucky once in a while but if they are successful after many years then the only thing we can say is that they are more skilled than other traders they have the talent to see when the trends are going to change.

As long as we do continous trades, that luck is just part of the main recipes to makes profit. Those successful traders today doing that kind of thing for long time now that's why they have winning stats. Also, they still suffers loss but the important thing here, they can make up a way to recover that loss by doing again another strategy.

The mistakes they have done are being takes as a lesson so that it will be minimized on their future trades.

[batang_bitcoin]

Trading is not teaching us to become a fortune teller or a psychic one. Due to we as a traders we just take action as the monitor react which I mean the motion of the coin value. We focus ourselves to the price value of the coin so that we know if we are going to sell or buy the coins we had for us to obtain profit in the exchange platform.

There is analysis that every traders follow. As traders we do have our own way of gut feel and of course it's not just all about guess and luck. The chart itself will display a hint so we can have a good guess. And also if you are good economics you will know that trading is always depending on the law of supply and demand.

[Ajinomoto40]

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

In trading, there's always a risk whether you'll earn money from the trade or not. It is because of the reason that there are scamcoins. So you need to have insider infos or make a research about different coins to avoid being scammed. Also, be observant, if the price of a certain coin is unrealitic, you better be careful and if the name is not that familiar.

[RedX]

No, it's always analysis. It helps to pick the right coin to buy. I always buy coins from polo and bittrex so the coins I'm trading aren't scamcoins and are not going to be delisted easily.

[Rune]

Of course it is ppl that tell you otherwise just are lying it's all guessing