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Author Topic: A successful trader must be an educated trader?  (Read 2162 times)
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May 06, 2018, 08:55:02 PM
 #21

A successful trader must absolutely be an educated trader because the amount of profits or losses one gets is dependent on what the person knows and does not know. Success in business means financial profitability which basically is a consequence of making right decisions at the right time which is a product of knowledge.
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May 06, 2018, 09:10:44 PM
 #22

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?

I believe that not only education, but also experience.
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May 06, 2018, 09:10:58 PM
 #23

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?
It is with exception some traders without having knowledge about trading just put the old trading laws and become successful but very rare. On the other hand trading is but every other currency in this world needs knowledge to do trading with and investment in it. You are to use your knowledge in order to read the trend charts daily and make your decisions according to that will be in your benefit and result in profit.

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May 06, 2018, 09:17:24 PM
 #24

It is very desirable if you are educated trader but overall no. You have probably better chances if you know what are you clicking on exchanges but in last year madness people have made huge money on this event if they don't have any ideas about trading.


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May 06, 2018, 11:47:00 PM
 #25

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?

of course, being a trader must be smart, not only reading a chart, they should be good at capital management and also how to keep the emotion and mental up even when coin or market being blood bath

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May 07, 2018, 12:19:23 AM
 #26

It obviously should be. Its like running your own company. If you dont have enough knowledge doing it, it will not become successful. Analysis is the most important thing on trading. It should be acquired first before anything else.

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May 07, 2018, 12:23:42 AM
 #27

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?

of course it is a must! you can't be possibly trading if you're not educated enough about the things you are engaged to. before trading you must understand that you will have to lose something and get something in return. you must know how to interpret chart and how to read time. be observant for there are chances that your coin might go up or down so you must be always aware of the flow for your unregretful decision.


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May 07, 2018, 12:33:14 AM
 #28

Not 100% true, the most important quality successful traders should have is discipline, patience, knows how to control his/her emotion, and lastly, experience.
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May 07, 2018, 01:17:46 AM
 #29

In my opinion to become successfully trader the more important thing than knowledge about technical or fundamental analysis is they can manage emotions, always patient , dont be greedy, dicipline and never out from strategy and trading plan that they make it already before. In trading no need to understanding all about technical analysis but psychology in trading is the key to be successfully trader.

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May 07, 2018, 01:42:04 AM
 #30

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?

A successful trader does not necessarily have to be an educated trader.  I know several people who got lucky with crypto and made a crazy amount of lucky based off of luck.  They did not have a background in investing and they did not even know how many of the aspects of crypto even worked.  With that being said, i think an educated trader will make more money in the long run because they will make better trades and investments overall.

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May 07, 2018, 02:53:36 AM
 #31

I think experienced traders have more knowledge, although not to argue knowledge for analysis is also very important. So the combination will be better.

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May 07, 2018, 04:43:57 AM
 #32

yesmyou have knowedage about trader,it is very good for you,but the real it is not in the book,you need more exp,you need know when you buy and you sell,you can't buy at bottom and sell at top,it is can't,you don't hope you can x10-20 or x100 times,you should set the goal you can do,you set cutloss to not lose all money,cut loss is very importtance with day trader
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May 07, 2018, 05:27:49 AM
 #33

I agree on that, but according to what we consider as succesful trader, not once, but most of the times succesful Wink Then yes, I agree.
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May 07, 2018, 05:52:50 AM
 #34

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?
Its true, its a step of being a successful trader being knowledgeable and educated to know that things you said is the things that trader must be known even it is not mastered all in one of them that works for you its already a success. There are many traders that are educated which doing not the same way or strategies it depends on any own what he use.


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Indrawan77
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May 07, 2018, 06:02:02 AM
 #35

Not all of the successful traders are educated trader, some of them are experienced traders and got used to see the chart and automatically can understand the market, educated trader does not guarantee to become a successful traders, too many indicator can confused your judgment

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......Play......
pat4cryptoreal
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May 07, 2018, 06:18:27 AM
 #36

To be a successful trader need education, training, mentorship, concentration, emotionally stable, informed about current news and event, lucky, have passion for trading and ready to loss at any time.

okala
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May 07, 2018, 06:57:33 AM
 #37

Trading is a technical venture and actually for you to succeed in it you most have knowledge on how trading work and that means you most be educated on how to trade professionally. Only professionals traders actually become successful in this market and we are to train ourselves before we can actually make some profits from it.

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May 07, 2018, 07:10:33 AM
 #38

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?

I could say that in terms of education, I think it is necessary for traders to know the bearish and bullish indicators (especially the technical aspects). There are good traders out there who doesn’t even know about the technical indicators like the MA and the different candlestick patterns we have seen. We can’t simply trade without knowing the basics of it, like in the traditional stock market.
cryptothief
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May 07, 2018, 08:11:20 PM
 #39

Aesop's Fable, 'The Hare and the Tortoise' comes to mind. Some one who rushes into trading without doing the research and training may get off to a good start, but better to educate yourself first and learn as much as possible, this way you should make much more in the long run. A cruder way of saying the same thing is the saying below that I remember from the movie 'Colors' - I'm paraphrasing as I can't remember the exact quote.

"Daddy Bull and Baby Bull are standing at the top of a hill looking down at a herd of cows grazing at the bottom. Baby Bull says to Daddy Bull 'Let's run down and f*ck one of them cows Daddy', Daddy Bull says to Baby Bull 'No son, let's walk down and f*ck them all"

Either way, the moral of the story is if you have patience and put in the effort, you end up with more in the end.

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meandmrjones
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May 07, 2018, 08:18:51 PM
 #40

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?

%100 True. A successful trader has to be educated or he will lose his holdings.

As I always state in my posts, trading without technical analysis using only hearsayings is nothing less than gambling.
You should educate yourself in order to manage your money properly.
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