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Author Topic: A successful trader must be an educated trader?  (Read 2491 times)
bitgolden
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May 17, 2018, 06:07:14 AM
 #181

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 the opinion that the successful trader is educated. but not all.
because experience will also make a person successful in trading

If you don't want to lose your capital in trading better to study how to done this thing in the right way. Make time knowing how to use indicators, read some news and realize how this thing can affect the price of cryptocurrency. A successful trading doesn't happen overnight it will take more time before you consider yourself as a successful one.
Do you know that education can't teach you better lessons than the experience.There is difference between the knowledge and studies that not all the studied individuals are not knowledgeable and not all the knowledgeable person need to be educated.Yes as you said the success can't come to us in a single day it only comes with great experience which takes time.
There is no such a rule that a successful trader should be an educated one. Success in the business world depends on your tricks and strategies. In the crypto business, success depends on basic knowledge and investor response to the crash in the market. Also the long term and the short term investment decisions are very crucial to the success in the business. Being able to invest the right amount in the right time in the right currency is a skill not everyone has.

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May 17, 2018, 06:10:14 AM
 #182

To be a good trader does not have to be educated, because education is based on facts and events of the past. The market is constantly changing and the rules of trade are changing. To successfully trade it is enough to have a clear and sober mind.

I agree, in trading, if you want to become a good and successful trader, education is less important. A good knowledge of how trading works is the key if becoming a good trader. We should be knowledgeable enough to know the ins and outs of trading. If we are knowledgeable, then we can know the right strategies to use to be able to trade successfully.
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May 17, 2018, 07:18:09 AM
 #183

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 do not think it's important to give lessons about bitcoin trading to new people you just have to tell him to read the article because there are many articles that explain the good and true trading, tell him do not be a lazy person to earn money.
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May 17, 2018, 07:20:55 AM
 #184

To be a good trader does not have to be educated, because education is based on facts and events of the past. The market is constantly changing and the rules of trade are changing. To successfully trade it is enough to have a clear and sober mind.

I agree, in trading, if you want to become a good and successful trader, education is less important. A good knowledge of how trading works is the key if becoming a good trader. We should be knowledgeable enough to know the ins and outs of trading. If we are knowledgeable, then we can know the right strategies to use to be able to trade successfully.

I think a good knowledge and patience are enough for us to become good traders. We can self-educate ourselves by researching, reading and watching videos on how to trade. If we do have a lot of knowledge, then good strategies can be built in our minds.
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May 17, 2018, 08:14:25 AM
 #185

True,a trader must learn and understand before starting trade,if not lossing will be certain, is good to know what you going into
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May 17, 2018, 08:18:50 AM
 #186

For sure. People saying they know some traders that don't know TA, but are making nice sums of money. Hmmm, in my experience that is only possible in a bull market.
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May 17, 2018, 08:38:05 AM
 #187

I thing,  trader should be educated in order to read charts, also ,you 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 17, 2018, 08:40:40 AM
 #188

to be honest I have been very successful and able to do traders and can generate profits very much but I do not really like and have no desire to educate and learn new players except my family, I am more concerned with family than others.
this is not an option that you like to comment on but this is a strategy of how to tranding properly and correctly because being a trader is not easy and it must have a high IQ.
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May 17, 2018, 08:48:48 AM
 #189

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 always like that, if you do some research you'll know most successful trader is not educated person, they only people will faith, simple rules and take challenge as part of risk. The knowledge about trading/ invest is not change but strategy always changed. Have education is important but practice and patience makes perfect. 

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May 17, 2018, 03:27:55 PM
 #190

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 always like that, if you do some research you'll know most successful trader is not educated person, they only people will faith, simple rules and take challenge as part of risk. The knowledge about trading/ invest is not change but strategy always changed. Have education is important but practice and patience makes perfect.  
I agree with what you say, a successful trader is not always a trained trader or educated, the evidence is clear when many traders are educated but they are never the winners in this game, what they learn is so different from the harsh reality. Trading is a world without absolute and perfect, the education here only gives us an overview and can use many tools to produce high accuracy in predicting but that is not all, this world is very large, every trader will have a strategy and a certain method to make money, that is the experience from reality, education can not teach this

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May 17, 2018, 03:35:35 PM
 #191

There are no successful traders, there are lucky traders who have made few trades yet in order to correct this deviation up.
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May 17, 2018, 04:01:37 PM
 #192

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 always like that, if you do some research you'll know most successful trader is not educated person, they only people will faith, simple rules and take challenge as part of risk. The knowledge about trading/ invest is not change but strategy always changed. Have education is important but practice and patience makes perfect. 
But sometimes, experience will educate us further that is why I still believe that experience is the best education that we should have, but we should also have at least the courage and a basic knowledge before entering trading if not then we are just like taking exams without any review or knowledge at all.
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May 17, 2018, 04:09:00 PM
 #193

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 no all true. I know some traders who actually trade with just a simple knowledge with TA and by just looking at the current event. Being educated in trading is an edge in trading, however, with just a little knowledge you can make successful trades.
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May 17, 2018, 05:09:34 PM
 #194

Of Course, Without Educated Person don’t understand about trading. If you want to professional trader you must need to knowledge about crypto currency otherwise no one can successful trader so if you want to be a successful trader you must need a perfect knowledge about altcoin market. Some people start trading but sometime later when he lose some money and they don’t want to start trading so you must start analysis never retreat. I’m always agree with you.
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May 18, 2018, 05:49:44 AM
 #195

Trader must have a selective education that target it's open trade or his position! The depth of trader's understanding of asset held would determine the outcome that any trader would experience.
being educated are good but this is most common thing to be how are you discipline by this once you are trading let say you have to be educated but you dont have discipline your self for how are you able to handle the chance of while you are in trading.
I disagree to the statement. Though education is important and basic need but a well educated man cannot be always a good trader. Trading is the market game. You need to be able to understand the different phases in the cryptocurrency business and act accordingly to the crash as well as to the boom. Your practical involvement in the business is very important and you can earn only if you pay attention to the market. Education comes latter.
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May 18, 2018, 06:57:19 AM
 #196

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 no all true. I know some traders who actually trade with just a simple knowledge with TA and by just looking at the current event. Being educated in trading is an edge in trading, however, with just a little knowledge you can make successful trades.


yes, I know some of my friends which don't know much about the analysis and what they know is only they need to buy when the price is in red and sell when the price is green. once in a time I am watching their trade with me, I see that they do analyze with simple way which is they only see the line is in red position so they only need to make a buy order because they know that in the few hours, the price will drop too far and they are right. so from this, I don't think that a successful trader must be an educated trader as we know that every people which involve in trading can be a successful trader if he can do the basic things in the trading.



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May 18, 2018, 06:58:48 AM
 #197

Trader must have a selective education that target it's open trade or his position! The depth of trader's understanding of asset held would determine the outcome that any trader would experience.
being educated are good but this is most common thing to be how are you discipline by this once you are trading let say you have to be educated but you dont have discipline your self for how are you able to handle the chance of while you are in trading.
I disagree to the statement. Though education is important and basic need but a well educated man cannot be always a good trader. Trading is the market game. You need to be able to understand the different phases in the cryptocurrency business and act accordingly to the crash as well as to the boom. Your practical involvement in the business is very important and you can earn only if you pay attention to the market. Education comes latter.
I think the the educated referring here is not about the educational attainment that a person was a meet but rather its a crypto trading education or the knowledge that we have learn including its basic and advance technique about trading.
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May 18, 2018, 07:35:19 AM
 #198

That is absolutely true that in order to become a successful trader you need to be an educated one to have knowledge that necessary  to predict the market's behavior and figure out when is the right time ti buy or sell.
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May 18, 2018, 08:04:23 AM
 #199

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 do not agree that being educated is a major factor in determining a Trader's success. For me that a trader who has a good level of experience is one that will be successful. Because the more experienced then someone will be more intelligent reading data, analysis, circumstances, situations and also they can make the decision as possible. this is a challenge for a trader, adding hours to fly for a trader is a must. They are being persuaded to become an experience and a skill will help them to become a successful trader. This is a choice and never give up when we fail at the beginning, because failure is a process to success.
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May 18, 2018, 08:34:20 AM
 #200

Hi All,
I am new hear Smiley I am trading Forex for a few years now, and recently I wanted to start trading on Bitcoin as well. I have been looking for a good broker however most brokers do not offer bitcoin straight trading.
I saw this broker list here https://forexchallenges.com any idea if any of them offer bitcoin?

Any help would be highly appreciated.
Thanks.
Tom
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