A successful trader must be an educated trader?

[Aresha]

I consider that education for the successful trader at all not the main thing. You can be good both with education, and without) The main thing to be able to see the correct decision here, to find the excellent moments for actions, to know all important news in this sphere and as they can use to get profit.

[huige007]

Not really 100% true, but you have to study first. Also, other skills like capital management, reading news, no fomo, etc are also important.

I do not think so. Trading is more of a skill job than of a school job. There are people who have been earning in millions and billions of dollars and they never attended Harvard. In fact the people who did work for them. I sometime mention the story of Jack Ma who is the richest man in Asia and has been very passionate about his ides despite the fact he never attended university. This means the crypto world, skills about the market and some technology knowledge counts and not the university tag.

[stepwilli]

To make a successful transaction you must first be knowledgeable. Ie must have dominate knowledge, must be educated. Do not open a deal if you have no idea when to close it with losses and when to lock in profits. If you do not understand what "lock" is not using it.

It is very common just like traditional businesses, if you have no knowledge then you can not perform any business and this is true because business everywhere with anything needs high or enough knowledge. It is the same in crypto market; you need to educate yourself with enough knowledge to understand the ways in trading processes so that you may survive in trading.

[cleygaux]

What did you mean by educated? Is that mean a trader must have a college degree or any same to be able to call educated? Even if youre not an educated but you have skills and have intelligent and able to learn even in a simple explanation you will become a good trader trading its all about strategy, analysis and proper timing.   

[longminh123]

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?

Indeed, trained investors are often more likely to succeed than those who are not trained. Because educated people will understand what they must analyze and learn about when preparing for investment in any field.
In those who are not trained, they are just waiting for good news from friends who have good vision to invest. I think it is a risky investment and it will not bring big profits to investors.

[Kevondo]

Not really 100% true, but you have to study first. Also, other skills like capital management, reading news, no fomo, etc are also important.

it is true only educated person can read capital management .news they read the market and value about the coin and then invest their money in that coins. now when new coin released they right their white paper the whitepaper can read educated investors. and uneducated traders didnot know about the value of coin and didn't know about the news of market that's why they often face loss in investment.

[dadabosade67]

No you don't need to. I know many successful traders who just learn from the past movement of the market and predict exactly what the future trends are

[MyIdeas]

Not really 100% true, but you have to study first. Also, other skills like capital management, reading news, no fomo, etc are also important.

Yes these things are more important for to be a successful trader but we also have not to forget that these qualities often come to appear in the educated people. The can read the charts and can study well about the trade in which they are involved. These are educated people who do not follow the bad news and do not follow the false prediction but they do their own search and with that they remain secured.

[onecall123]

To make a successful transaction you must first be knowledgeable. Ie must have dominate knowledge, must be educated. Do not open a deal if you have no idea when to close it with losses and when to lock in profits. If you do not understand what "lock" is not using it.

It is very common just like traditional businesses, if you have no knowledge then you can not perform any business and this is true because business everywhere with anything needs high or enough knowledge. It is the same in crypto market; you need to educate yourself with enough knowledge to understand the ways in trading processes so that you may survive in trading.

Just using the indicators, theories, patterns could not the procedure of getting a successful trader. If you want to succeed as a trader, must develop a strategy of your own. By using working trading strategy, tips and tricks may helps you survive in trading.

[darsiderin]

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?

Educate? I thing the right world is learn. I see educate is more formal and maybe mean it need the real place that educate some topik like trader, but it never happent. I think more trader has learn for them self with read some many book, wathcing youtube tutorial and practice their tutorials. Maybe some has a friend or community to discuss about trade trick and market.

Good words. If you wish to become a very good and very successful trader, you should study the market and learn about the crypto all the time - it will take much time.

If there is a desire to learn and there is no fear of making mistakes - then everything will be fine in the trade. There is nothing difficult in the trade. Even adolescents can successfully trade.

[superstarbtc]

Trading is time to time learning experience we should keep learning as long as we trade the financial markets we cant say i learned everything i am capable to trade

[reddev81]

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, if you don't do your research then you're just making a lucky bet.
Even when you lose money you learn.
People that don't learn from their mistakes, lose money very fast in crypto trading.

[biboy]

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, if you don't do your research then you're just making a lucky bet.
Even when you lose money you learn.
People that don't learn from their mistakes, lose money very fast in crypto trading.

In all aspect we need to educate ourselves, we should not enter into a business or a certain thing that we don't know much of it, we have to learn about it first or else we will lose some part of it. But at some point, experience still the greatest teacher, so we need to have experience in ourselves.

[thundercrystal]

Trader must be educated, intellectual and he should crave for new knowledge, because the more you know, the more dependences you see on the market. That helps to achieve big accuracy of forecasts.

I really agree that to became a successful trader all trader must be educated in trading world because a trader will not became successful if they just have a poor knowledge about crypocurrency, and to became successful all people need to be smart.

[supercanada1]

Not really 100% true, but you have to study first. Also, other skills like capital management, reading news, no fomo, etc are also important.

it is true only educated person can read capital management .news they read the market and value about the coin and then invest their money in that coins. now when new coin released they right their white paper the whitepaper can read educated investors. and uneducated traders didnot know about the value of coin and didn't know about the news of market that's why they often face loss in investment.

I do not really agree with this statement of yours. Education is not the very basic requirement for being a successful trader. Even if you are not a Harvard Graduate, you can still be a good trader provided you know something about the technology and the market behavior. Having basic knowledge of these things can also be obtained from Google or YouTube so you do not need to go to universities as well. It is all about dealing the market in your precise way.

[Urbanbypas]

The cryptocurrency market does not obey the general economic laws. Here the speculators are in charge, so the analysis of charts, tables, etc. can not give you an advantage. Trading on the cryptomarket is more like a game in a casino.

[jayanath123]

We all are not perfect peoples, day to day learning life, if you have goal, when how to you reach it. Firstly subject fully study with the proper practical situations. Market analyzing information collection. chase the new trends, those are the basic requirements.

[jerowacik]

Complete agree.  90% of traders lose only because they are not educated enough to estimate appropriate financial risks and due to a lack of studying

[alminium]

How to become successful in trading without a good knowledge of currency trading cryptocurrancy which means you have to be an educated trader to make you a successful trader in kriptocurrancy currency. Analysis of the technical and fundamental aspects of the market is critical to the success of the trader. You obviously can not trade according to news and analysis and other people's predictions in the long run so you have to be educated or educated on your own.

[JohnWick_Bitcoin]

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?

Obviously yes, there are a lot of professional traders today in the market who are earning a huge amount of profit because they know how to trade correctly like waiting for the price to pump before selling and holding their coins while taking the pressure in the market.