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Author Topic: A successful trader must be an educated trader?  (Read 2491 times)
CryptAssist
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May 18, 2018, 08:37:15 AM
 #201

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! there are so many decisions to be made. It seems to me, the one's who don't do their research, are called "the weak hands".
Streamlink
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May 18, 2018, 08:46:28 AM
 #202

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.
You all must know without knowledge there is nothing. Really I have been listening this thing since my childhood not related to bitcoins specifically but with the whole scenario of my life. And I came to this decision that yes, without education nothing is possible. It is basically the education of mind. When you completely learn how to differentiate between good and bad.
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May 18, 2018, 08:50:10 AM
 #203

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.
I would not agree to this statement. There are billionaires who have never been to schools either. The owner of ALIBABA was rejected 10 times by the admin office of the university Harvard. The richest businessman in France dropped out of school in the age of 13. By these facts, I want to say education is not the trick to be a successful businessman is experience and speed of mind.
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May 18, 2018, 08:53:04 AM
 #204

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.
Yeah I also agree that educated is not the main factor to be successful in trading, many of my friends who did not finish college but they succeeded in becoming successful from trading, they do is keep learning and always try, experience will make him become more expert and skilled
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May 18, 2018, 08:59:02 AM
 #205

A trader cannot be successful through cryptocurrency trading if he is uneducated. He needs basic understanding and the knowledge to predict the market, without which it is impossible to be successful in trading. Even the lucky people cannot profit without the basic education.
Yes it is important to be educated. With out education it will be very hard to trade.  An educated person knows how to do trade and he knows the rules and regulations of trade. He has fully command on trading. If a person is not educated so how he will take control in the time of crisis in trading. So education first and then you will be able to do trade easily. If you are not educated educate your self and then you have a lot of opportunity.
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May 18, 2018, 10:04:27 AM
 #206

In whatever profession, education is the key to success. Newbies should educate themselves to win in trading and minimize losses like falling into a trap of buying a coin during hype and avoid panic selling. Managing risk should also part of education in trading to lessen or avoid possible risk during trading. Gaining experience will further improve your skills and knowledge.
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May 18, 2018, 02:10:58 PM
 #207

A trader cannot be successful through cryptocurrency trading if he is uneducated. He needs basic understanding and the knowledge to predict the market, without which it is impossible to be successful in trading.
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May 18, 2018, 02:20:08 PM
 #208

I agree that a successful trader must be educated, why because you have to know some analysis covering what you trading on,and proper strategy must be involved,so educated on bitcoin will help to gain profit for you.
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May 18, 2018, 02:39:11 PM
 #209

a successful trader must indeed be an educated trader but education does not necessarily have to be formal education as a class in finance would not teach you how to be a successful trader. a successful trader is an educated trader that is rich in information and knowledge of his trade. a trader that has vast knowledge and understanding of the stock market and market value/trend in which he trades, knows the pros and cons of the trade, has a goal, plan and strategy. education does not necessarily have to be a formal education
Joriecoinbit
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May 18, 2018, 02:45:33 PM
 #210

I agree that a successful trader must be educated, why because you have to know some analysis covering what you trading on,and proper strategy must be involved,so educated on bitcoin will help to gain profit for you.
To be educated, we need to learn more knowledge in trading and able to determine the most efficient way because without knowledge it's useless and not worth it to involve in such technology . Better to focus your job and always monitored the markets volume because our point is to earned good moneys.
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May 19, 2018, 01:26:09 PM
 #211

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.

However, you have to know a lot about the cryptocurrencies - how will you trade if you are not aware of the coins? Here, self-education also works well.
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May 19, 2018, 01:31:05 PM
 #212

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?
If you are not educated enough about trading then I don't think you will be successful in trading that is why we have to study and learn trading everyday for us to be knowledgeable and trading is a constant learning even if we are already successful in this field.

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monkeykiss21
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May 19, 2018, 01:56:33 PM
 #213

Yes ofcourse. When you are on trading, You should need to be a genuis and an educated as a trader. Will it be a success if you don't know how to start on trading..ofcourse not. So when you are on a currency trading you should be a smart while on trade.
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May 19, 2018, 02:10:40 PM
 #214

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 not all successful trader are educated because there is no school or university that is offering thar thing i mean this is not yet a real profession so there is not licensed professional in these thing. All traders and successful ones are those who have the will and really eager to psuh through. They make their dreams come true by simply working hard on it giving some time to really understand the trafung system and being a master on it but that is not necessary an educated because when you say educated it means teached by someone.
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May 19, 2018, 02:20:23 PM
 #215

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 not all successful trader are educated because there is no school or university that is offering thar thing i mean this is not yet a real profession so there is not licensed professional in these thing. All traders and successful ones are those who have the will and really eager to psuh through. They make their dreams come true by simply working hard on it giving some time to really understand the trafung system and being a master on it but that is not necessary an educated because when you say educated it means teached by someone.
I agree , I have my friends who didnt finished their college but they are good on making profit on trading. They get a lot of experience on having a daily trade and use that experience now that's why they can live on their own by just trading at their home and not by finding a low salary job.

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May 19, 2018, 02:30:33 PM
 #216

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 a big YES. Success in trading requires adequate knowledge. Before trading you have to know everything about trading , simple as that. And also experience does help in trading. The masters in trading went through a lot of loss. And to be a master you just need to get through it.

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May 19, 2018, 02:52:34 PM
 #217

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?
If you are not educated enough about trading then I don't think you will be successful in trading that is why we have to study and learn trading everyday for us to be knowledgeable and trading is a constant learning even if we are already successful in this field.
there is no standard knowledge to start on trading and while you are in trading all you need is that you know how are you may able to handle the situation while in trading and how your emotion may handle for.

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May 19, 2018, 02:57:20 PM
 #218

Of course, if a person does not understand what he is doing, that no one will pay him for such a bad job.
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May 19, 2018, 03:00:22 PM
 #219

Some do not have an in-born trading skills which they need to earn in order to be in the trading field so some need to educate themselves to know that skills and to be one of those pros and learn many strategies and techniques to earn big profit.
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May 19, 2018, 03:05:33 PM
 #220

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.
I would not agree to this statement. There are billionaires who have never been to schools either. The owner of ALIBABA was rejected 10 times by the admin office of the university Harvard. The richest businessman in France dropped out of school in the age of 13. By these facts, I want to say education is not the trick to be a successful businessman is experience and speed of mind.


Education isn't just attained in four corners of the room in school. Please don't get me wrong but I think both of you have good point of views, at the same time, both of you were not able to become omniscient to see the real essence of education.
Well, to share you, education is found both in school as formal education and in life experiences. Indeed education is very important and it is required to any endeavor we are in whether it is in trading or not.

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