A successful trader must be an educated trader?

[bots1]

What education do you mean? formal education or trading knowledge?
I think that knowledge is important to learn for a businessman, as well as a trader must know the basic trading in technical and fundamental if you want to succeed. if you only make low purchases and high sales, then what's the difference with gambling?
A trader uses his brain to earn a lot of money and a gambler will just wait his luck. good luck sir.

[ymirymir]

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?

Having enough knowledge about the basics is already given because we won't be able to begin with crypto without enough knowledge about it. To continue doing it successfully, we would be needing simple skills and strategies to gain the target profit that we want. Added with patience and perseverance, we would be gaining better things in the future.

[Jake2134]

A trader or a successful trader needs to be educated. educated well because without any good education you will lack the knowledge you need when you ate trading.

[Dansamiv]

I think this is true. certainly in most areas of investment and trade in all occupations. It requires knowledge, ability to learn, effort. Not necessarily knowledge from education will bring success. But when it includes some elements it becomes a unified and complete to create success. In fact, sometimes there are exceptions like genius like Bill Gate. He left the prestigious university to pursue passion. That's just a few. And knowledge and education are still important to forming a successful entrepreneur.

[Kayum10029]

partially true... a successful trader should have enough knowledge about trading and mining. but an little educated person have much knowledge about trading and a educated person having nothing knowledge about trading.....

[Tigorss]

you need to know a few things in the tranding, how your emotions are controlled while still at level 1 is the lowest level because that's when our patience is tested and our emotions whether it will continue or fall

[ArkiCrypto]

It's not necessary educated. Just have enough proper knowledge about the trading system, any person can trade and can be expert even though they're not educated. Well we can be expert through reading online articles and watching youtubes videos no matter if we're educated or not. (But I think you're referring to "Knowledge about trading" and not educated term because educated meaning has a proper education.)

But I think to be a successful trader you should experience all the scenarios in trading such as losing, gaining, changing strategies, etc. Well if you don't experience losing in trading then you can't consider yourself as a successful because no matter what you should experience losing first in order to achieve success.

[cfif123]

it is absolutely true and must be a successful trader must have a high education and experience as well. because to be a trader is not easy and has a great risk as well. so education is very important for traders and others

[TheUltraElite]

partially true... a successful trader should have enough knowledge about trading and mining. but an little educated person have much knowledge about trading and a educated person having nothing knowledge about trading.....

Being educated and being experienced about trading is not the same thing. If the education is on trading then it can be compared. Most people here are hobbyist traders and very few people are professional traders - they dont hang around in such forum rather drive lambos.

you need to know a few things in the tranding, how your emotions are controlled while still at level 1 is the lowest level because that's when our patience is tested and our emotions whether it will continue or fall

The more important thing is knowing the basics of trading and then controlling your emotions properly. If you are not going to panic sell then you are good to go. People who get heart attacks from every spike or drop in price are the ones who actually get frustrated by trading and eventually lose money.

[proTECH77]

Trading requires a whole lot of skills and analysis, which only can probably be achieved by someone whom must have had the educational background of trading. So, it can be said that an educated trader is a successful trader.

[Nahl]

some people can get the profit with following the market trend and they mostly does not know educations or knowledge to starting trading but indeed educations is necessary because we can't forever count on market predictions and luck because analysis based on trading knowledge is necessary to lead us became an successfully traders

[stomachgrowls]

some people can get the profit with following the market trend and they mostly does not know educations or knowledge to starting trading but indeed educations is necessary because we can't forever count on market predictions and luck because analysis based on trading knowledge is necessary to lead us became an successfully traders

Every person can able to do such thing where we can possibly make money out of those trades without having any basis and do purely or randomly rely on luck but we do all know this thing would really just like on gambling , no basis on what you trade up and just simply wait for the result.This kind of method wont sustain for long term and would really be a risky thing,if you do target to be profitable then knowledge would always be an advantage.

[muddy waters]

Trading very much consists of analyzing the political and financial news and predicting what would happen if this or that financial institution or country behaves in a certain way.
So how would one do all that analysis if he doesn't even have the idea of what is happening in the world and what the prospects of the crypto market are?
I don't mean that traders automatically should have a PhD in finance or economy (self-teaching and Google rule ), but still there should a certain educational basis and practical skill.

[djkyno]

For sure a successful trader must be an educated trader, and must having at least the basical required knowledge about trading, otherwise he can't being successful with this very risky field. The knowledge is required to minimize the risks and to rise the possibilities of making successful trades.

[Xardasim]

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 may be, but you have to work hard for it. It is not long that the educated trader has to learn about trade, but the uneducated trader must learn everything from scratch like a beginner. Also, the right analysis of the news and the technical analysis are in the conditions of trade.

[Maximo1]

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?

Yes i agree with you, as what you said trading is very tedious and etc,means it really require  Knowledge before getting into it ,how can you understand whats happening in the world of crypto without knowledge?  For me it is necessary to educate yourself first before taking any risk and your experience will lead throughout your journey.

[entrepmind23]

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 every trader but most of the trader are educated or knowledgeable about trading and they know what they are doing compared to those who are successful because they were able to buy early. There are different strategies in trading like some just depend on news and some are using technical analysis and some are using both to be a profitable trader. I believe that those who are successful without knowledge are just gambling because they are hoping to get lucky and they may be lucky before earning 100x of a coin because they bought early but if you aim to make it a living then you should have a trading plan because it should be sustainable and not just depending on pure luck.

Trading very much consists of analyzing the political and financial news and predicting what would happen if this or that financial institution or country behaves in a certain way.
So how would one do all that analysis if he doesn't even have the idea of what is happening in the world and what the prospects of the crypto market are?
I don't mean that traders automatically should have a PhD in finance or economy (self-teaching and Google rule ), but still there should a certain educational basis and practical skill.

It is not necessary that you have formal education because even those who didn't finish school are the successful ones and in fact there is a high tendency for those street smart to be successful than the book smart because they know how to deal with people and they have experience which would make them control their emotions which is vital when trading.

[ufaiz50]

I do not really agree, some friends I know through social media are quite successful with crypto trading but he did not get a educated, I think a trader more to his skills, experience and knowledge, it's only a small part. If in logic a trader without education I think it will be very difficult to be pro because in education we learn a lot of things which we can apply when trading.

[whaawh]

I do not really agree, some friends I know through social media are quite successful with crypto trading but he did not get a educated, I think a trader more to his skills, experience and knowledge, it's only a small part. If in logic a trader without education I think it will be very difficult to be pro because in education we learn a lot of things which we can apply when trading.

I hold that opinion when a person in practice manifests his abilities, because even he knows the theory, he may not be the best professional. This trend is seen not only in the business of crypto currency, but also in real life in various spheres of human activity.

[vidprab5]

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.

If a trader a qualified and well educated then he will learn related things in short time compare to that of literate person. He will use better techniques and tactics to become a successful trader in short period. But education is not mandatory. Just little bit knowledge is required for a successful trader. The time will teach him everything about trading.