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Author Topic: A successful trader must be an educated trader?  (Read 2166 times)
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May 06, 2018, 01:09:40 PM
 #1

Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?
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May 06, 2018, 01:41:23 PM
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Not 100% true - I know some traders in the cryptosphere who doesn't even know how to read EMAs. In fact these folks do alot of speculations; but they earn handsome money, man.
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May 06, 2018, 01:42:18 PM
 #3

A successful trader somehow should be educated, you clearly can't trade according to news and other people's analysis and predictions in the long term so you should be educated or educate yourself.

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May 06, 2018, 01:45:08 PM
 #4

Not 100% true - I know some traders in the cryptosphere who doesn't even know how to read EMAs. In fact these folks do alot of speculations; but they earn handsome money, man.
You are right where there are traders which doesnt even know on what are the technical terms and on how to use it but they do able to manage to make money.We do have different ways on how we gonna engage with trading but having knowledge would really be always an advantage but as i said earlier there are instances on where theres a certain person who are born to be a trader not only because his educated but rather do have the skills within him.



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May 06, 2018, 01:47:35 PM
 #5

There is no two way to become successful in trading without a good knowledge of trading crypto currency which means you must be an educated trader for you to become a successful trader in crypto currency. The analysis of technical and fundamental aspect of the market is very key to traders success.



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May 06, 2018, 01:56:29 PM
 #6

Not 100% true - I know some traders in the cryptosphere who doesn't even know how to read EMAs. In fact these folks do alot of speculations; but they earn handsome money, man.
I think it is some kind of luck, well good for them, but it's too risky when you always depend on luck, it is safer if you have a background during an actual trading to minimize loss. Honestly, sometiimes I always trust my intuition rather than analyzing haha
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May 06, 2018, 02:13:12 PM
 #7

Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?
educated may not be so important.
but for me, experience can make us more good at trading.
So, learning from various successful traders can be a good alternative.
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May 06, 2018, 02:16:25 PM
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Not 100% true - I know some traders in the cryptosphere who doesn't even know how to read EMAs. In fact these folks do alot of speculations; but they earn handsome money, man.
I will just assume that luck is on their side. Pretty soon, they will face the outcomes of wrong decisions due to an insufficient knowledge about trading. Comparing educated traders to uneducated ones, in the long run, it is much likely that those who really know what to do will have a higher chance of earning and growing their crypto assets faster. Just think about it, I think it's pretty much of common sense.
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May 06, 2018, 02:18:56 PM
 #9

Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?
No need to be an educated trader must be a smart and experienced person to be a successful person in trading.Reading charts and making decision can't be if you are educated,that decision making ability comes only with the experience.

For example the most of the millionaires in the world are not degree holders they just studied upto school level so they proved that education is not important,the only important thing is knowledge.

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May 06, 2018, 04:34:04 PM
 #10

Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?
The success of a unsound or uneducated person with luck & fate is applied in rest of the businesses in the world except trading and cryptoworld because it is totally digital & electronic, No one can do it properly without any skills and knowledge and some good English is also required. So according to me the education is necessary in trading otherwise you have to depend on a educated employe.
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May 06, 2018, 04:36:56 PM
 #11

I will rather say he/she have to be wise enough to remain updated about recent news/updates and should know basics of trading. Experience matters in case of trading rather than theoretical or financial education. When you start trading you can easily learn how to read trading charts and how to trade between regions.

Formal education might not help to get success in trading specially in crypto trading.

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May 06, 2018, 04:43:44 PM
 #12

At some point if you are an educated trader it could be your advantage, but there are some people who are actually becoming successful for working hard seeing the chart, self educating their selves, so in trading there is no assurance of everything for as long as you are willing to take risks.
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May 06, 2018, 04:59:01 PM
 #13

not really an educated  but a knowledgeable one.There are many successful trader because they work hard although they are not professional.

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May 06, 2018, 06:29:12 PM
 #14

Not exactly I think a good trader must be very experienced trader in the first place, I belive most good traders especiall in crypto had no education related to trading or economics, math.
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May 06, 2018, 06:35:37 PM
 #15

A popular phrase in the crypto space is "DYOR" ~ Do your own research. In order to be successful in a developing space, One must be educated because blockchain technology itself isn't noob friendly. So a few technical know-how is required along with good research skills. So yes, You'll need to be educated in order to better enjoy the Cryptocurrencies.

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May 06, 2018, 07:14:07 PM
 #16

Not 100% true - I know some traders in the cryptosphere who doesn't even know how to read EMAs. In fact these folks do alot of speculations; but they earn handsome money, man.

This market is unregulated. Successful traders on cryptomarket most likely don't know the basics of trading. TA in this market doesnt work because so little time has passed
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May 06, 2018, 07:29:59 PM
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Not 100% true - I know some traders in the cryptosphere who doesn't even know how to read EMAs. In fact these folks do alot of speculations; but they earn handsome money, man.

This market is unregulated. Successful traders on cryptomarket most likely don't know the basics of trading. TA in this market doesnt work because so little time has passed

With less knowledge, for sure, people can get good profit too, but I am sure it won't run in a steady path. Knowledge is indeed very important in trading and that will keep us away from trading by just speculating. Tbh, trading with no good knowledge can lead us to become a trader gambler.

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May 06, 2018, 07:46:03 PM
 #18

Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?

Not all the time, some traders let speculation take over when making their trading decision. It is not all that time that chart reading and analysis is reliable since the market demand is affected by many factors.

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May 06, 2018, 08:21:36 PM
 #19

Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?
Reading of charts and graphs wont give any conclusive evidence on how the market will move, the data itself is very small and it wont give you a conclusive result, it will give you some idea, but majority of the time it moves according to the market speculation and once you follow the market you would know how the market is moving without the help of any charts.

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May 06, 2018, 08:39:28 PM
 #20

Of course, in order to be a successful trader, we must be educated! But ... you also need to have a special flair. Also, as already mentioned above, a person can be educated in different aspects. Someone reads charts well, someone trades well on news, someone understands what he needs to do at the moment in order to earn something, someone has a flair. And there are those who are just lucky)))

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