A successful trader must be an educated trader?

[el kaka22]

This is an optional criterion for trading cryptocurrencies on the market. I think you will learn to lose to learn from their mistakes.

Sometimes when some of you type some things, I used to wonder how you even came about something like that.
What is the point spending some huge number of days losing and learning from your losses and mistakes when you could have used those number of days to learn pretty well to be able to avoid those mistakes in the first place.

You will only get frustrated in trading if you think you can start by having losing experience and by the time you have ended up losing so much, you will only be left with nothing to even trade with and then back to square one to learn, which you could have done in the first place.

[TRAID]

Absolutely. Without education and experience, trading doesn't differ from gambling. But trading knowledge comes at a high price...you need to lose some money to gain that knowledge and experience, and most importantly the mindset. it doesn't come cheap. You mustn't be afraid of losing money..consider that loss as an investment.

[karungbitcoin]

Yes i agree with that, to become pro trader should be through education, not only education about technical and fundamental analysis but also important education about psychology of trading, because actually psychology of trading is bigger factor that possible to make consisten profit.

[kinzey]

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 should atleast know the basic chart reading, it's mainly for entry and exit point. Next i'd say would be FA of the coins, also emotions should always be in check when trading, self control and knowing when to sell or buy. And lastly, market sentiments, as no matter what the chart or fundamentals of the coin is, if the market sentiment is bearish, and panic selling at it's best, TA and FA wont help much, though such coins will always bounce, those the solid once atleast. But i dont think we want to be a bag holder unless you intend to keep it for long term.

[TheUltraElite]

Absolutely. Without education and experience, trading doesn't differ from gambling. But trading knowledge comes at a high price...you need to lose some money to gain that knowledge and experience, and most importantly the mindset. it doesn't come cheap. You mustn't be afraid of losing money..consider that loss as an investment.

You know the biggest traders of the stock market like Warren Buffet did not have much of an education. Then again these people are gifted and not everyone is like them. Being educated will help the person make educated guesses as to where the market is going - this does not come at high price. All you need to do is to watch the market movement (preferably at coinmarketcap) for a few months. Then understand how FUD effects the market and the price of coins.

Once you have an idea start trading with small capitals and watch as you make mistake and profits. Modify your methods gradually and you will gain your own trading style.

[noorman0]

Yes, it must be educated. But education does not have to be formal.
This forum is also worth a non formal education. Apart from that, education alone is not enough if it has no experience. Trader experience will better know the market situation how action will be taken by studying the previous situation.

[Jhomzky23]

Educated means you put in the hours to study and learn trading matters. It doesn't necessarily need to be formal education or enrolling to a school. Educating yourself can be free or paid. You can have online resources, mostly are free; you can attend seminars or buy books to enhance your knowledge. You can watch YouTube videos regarding trading, systems, styles, techniques. All of those are form of educating yourself to be a successful trader. So, if you're asking if a successful trader needs to be educated, the answer is a big YES!

[gabbie2010]

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?

There is no correlation between being a successful trader and an educated trader, trading Cryptos is a different ball game, market has no respite for being B.sc or MSC e.t.c holder all these qualifications will only improve or enhances knowledge but absolutely does not improve trading qualities because I have seen high school graduates who are successful traders.

[nieninja53]

I think before starting trading you must educate how this whole system is working and how to observe the market and how to trade as well as, these necessary things are must in your knowledge and in other time or degree education is not needed in trading,

[ajochems]

It is not 100% true.To be successful trader,you should need analysis and mathematical skills.To trade Cryptocurrency, you should know how to buy and sell bitcoin and other altcoin with your mobile phone or laptop. To use Phone and laptop, your school level knowledge is enough and no need of Degree completion.

[cryptothreads]

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, that is natural. Warren is not a genius, he is trained under Ben Graham's long-term investment philosophy. Currently, Warren has assets of over $ 80 billion. According to what he said, he never abandoned his investment philosophy in any moment. He is loyal to it and it is his tool to become a billionaire today.

[fosco333]

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 educated. A successful trader is a full experienced trader.
i think you cannot be success if you only learn about trading but never or seldom for yourself to do trading in the market.
You must trading everyday. just begin with the small amount, learn the market. With your education and knowledge, you can
make analysis for cryptocurrency price in the market.

[bitadviser]

Yes, if u have educated it is good for u, but there is need to have an intuition i think too, and steel nervous system, market is 24/7/365 so it is not easy job to do

[lekam0213]

Every trader has their own ways of trading techniques and strategies and it is not because of being educated trader instead they learned it through experience and reading trading threads or watching youtube to get knowledge about trading. Also, if we want to be a trader both educated and non need to learn from the start since trading is not being taught at school so you do not have to be educated to be able to be a successful traders.

[kipo]

Sure, I agree with this statement, I think it is obvious !How can you get money if you don't know how the system works! It is really strange for me how people risk to start trading being unware of the basics

[godfredmanu]

A successful trader must have a minimum education to understand news items, analyze the market with relative to the news he has read. A successful trader is one that that knows money management , can do all the calculations. I bet if one is not even educated in simple mathematics, how can he compute his risk and reward . So I fully agree that a successful trader must be an educated traders.

[Tynovten_]

Experience is a first thing, you know that. Succesful come from failure, if the failure give you understanding or knowledge. If not then you will fail forever. When you fail, thing you mist hold is consistency and conviction. Not all that educated will be success.

[vhiancs]

Absolutely "YES" if you are one of the educated trader you know a lot of ways or strategies to earn a great deal. But before you become a professional trader you will first lose in the field of trading it will serve as a lesson to you to know where you are wrong and you will be better than before and while taking longer you will be more knowledgeable.

[sk700]

yes a successful trader must have enough knowledge about trading and he also be educated.

[MUG1WARA]

in that trade is an interconnected part of the experience and education to be able to generate profits of course very many lessons to be used there. every trader must have initiative and method to bring good profit.