A successful trader must be an educated trader?

[bosimpson54]

I see that right now, many people want to learn more about trading so at least they have the knowledge to trade and they can be able to determine which coins that could be potential to increase in the short time. Educated term is fully relative, you don't mean that only degree holder person is not an educated person. When you have a lot of knowledge about a particular thing then you must be an educated on that issue

[cryptojaani]

Some traders become educated through trading experience and once you get the market knowledge then trading is then not tough but if you have the complete knowledge then take a start in the present time and bitcoin and other crypto are profitable in the trading.

Education is the most important thing and the is the most effective thing which can help you in so many ways in having a better life in all the ways. If you want to become a successful trader, then you must learn as many things as you can as more knowledge will then mean that you are having much brighter chances of having more earning and that you need to be a learned man to become a successful trader.

[Topaz72]

To succeed in trading you may not need education. How many billionaires graduate college? It depends on the nature as well as the experience and striving in your work as well as your life.

Yes it is not conditional to be educated for being a good trader as a lot of trader in this age are illiterate, don’t think if you are uneducated you can’t be a trader, you need skills, information, knowledge about crypto and the most important capital to trade well, try to trade for long term it needs only time and patience to hold and keep on trading as much as possible don’t lose your hope soon you will be best trader with all those abilities.

[TedMosby]

a successful trader must be an educated? not sure.
but for me, to become a successful trader you should know the right time to start and to stop. also you need to learn to train your psychology to help you on making any decisions. dont forget the luck as the final touch.

[Harley_Quinn]

I do not think that for a trader education is so necessary. I believe that a good trader is the one who mostly studied the market and trade.

[developer101dev]

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?

Everyone who are interested on cryptocurrency should be well educated or knowledgeable because if they did not know anything about the system they obviously they will just lose their money on nothing.

[Dark Sky]

I do not think that for a trader education is so necessary. I believe that a good trader is the one who mostly studied the market and trade.

if a uneducated person is want to become a trader and he cannot read about bitcoin trading so how he will join this currency? so you should think about it because education is most important thing for everyone to win every field, so that's why education for trading is also important and he will earn best profit from this currency because he will proper read about it and he will better know how can trading make me rich.

[Hell-raiser]

I do not think that for a trader education is so necessary. I believe that a good trader is the one who mostly studied the market and trade.

if a uneducated person is want to become a trader and he cannot read about bitcoin trading so how he will join this currency? so you should think about it because education is most important thing for everyone to win every field, so that's why education for trading is also important and he will earn best profit from this currency because he will proper read about it and he will better know how can trading make me rich.

Education is important (you won't be able to get a decent job without one) but trading is such a field of human activity where just having education like college or university degree is not enough and not even a slightest guarantee of success in this area. As I've written before, many distinguished persons failed in trading despite all their honors and universal recognition. Even some Nobel prize winners in economics failed miserably (here I refer to the infamous LTCM hedge fund). I could even say that formal education may play against you and your odds as it may interfere with your clear and unimpeded perception of the market situation.

In other words, the more educated you are the more you are inclined to think that you "know" how the market should behave. This is a shortcut to failure.

[luckyluigi]

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 think the Trader who relies on luck or some kind of emotions, would always have drastically higher chance to lose than those who have studied and learned the principles on how does market operate and works.

[everythingforsale]

 indeed and nothing less than that, is the Trader is not educated it means that he is a gambler, gambling around the market. And that on its place means that he would have the even chance to win and to lose.

[yhoga45]

If the meaning successful trader is gain a lot of money from trading I think the answer is no, a lot of people out there can earn a lot of money without learning how Technical Analysis work, they just follow crypto signal when buy and then when sell. Lucky also one of the reasons why people who don't learn Technical Analysis can be a success. But, usually, people who they learn about Technical Analysis, about everything in trading they are more success

[biletskiy]

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?

Everyone who are interested on cryptocurrency should be well educated or knowledgeable because if they did not know anything about the system they obviously they will just lose their money on nothing.

Today, you can find free courses of the crypto trading on YouTube. Just spend at least 2-3 hours a day (minimum) for it, and you will get good knowledge.

[osasshem]

It is not a must that every trader has to be educated in the field of trading. For sure, there are rules of trading, but not all can go with those rules. 99.9% of none educated traders tries to abide to the Buy low and sell high trading rule, and also wait for a 50% profit on the capital invested.

[MMA]

It is not a must that every trader has to be educated in the field of trading. For sure, there are rules of trading, but not all can go with those rules. 99.9% of none educated traders tries to abide to the Buy low and sell high trading rule, and also wait for a 50% profit on the capital invested.

Although it is not necessary for a trader to be educated, but if he is an educated person then it is a plus point for him, because an educated person is a broad minded person and he can can wise than an illiterate person, i think if you have specialization in trading subject it can be too much helpful in making you a good trader.

[trutel]

education is important, because we can predict market conditions, and where prices will move. however, to be successful requires discipline, effort and hard work. Not just good education.

[ajiejot]

An educated trader knows how to trade properly, hes/she know what are the basic knowledge on trading, that's  how trading works. He/she should know how trading works, not like other trader that is just buy and buy, sell and sell without any knowledge, that's why many people are panic seller because they don't have some knowledge on trading.

[Lauff]

with the rapid price movement one must be prepared to accept the risk of loss in the future. and indeed education is very important when you want to invest but patience should not be forgotten

[binhbaamboo]

Of course that is true, you need to be educated well and your skill will help you successfly, it is not easy you have to practice many times

[ufalo3]

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?

Everyone who are interested on cryptocurrency should be well educated or knowledgeable because if they did not know anything about the system they obviously they will just lose their money on nothing.

As for me, the high level of education increases your chances to become a successful trader. It's OK if you have not got this special education: you can open YouTube and find there free courses devoted to the crypto trading.

[goldade]

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 not totally true.  Although being educated has so many advantages over illiteracy, it still does not guarantee successful trading.
Education plays a major role in trading. So many people have losses because they do not possess the information needed to trade. However, we've seen so many people who are not educated but have the necessary skills to trade and they also make profits.
But still,  my advise to anyone trying to trade will still be to read and learn how the market works. It's of an added advantage.