Does IQ greatly affect a person's success in trading?

[Sirait]

many people have high IQ but not all of them are trading.

so, my question is;

Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading?

[gentlemand]

Nope. All IQ means is the ability to pass IQ tests. That's it.

You could be the most intelligent person in the world but a useless trader if you have no control over your emotions. Maybe being a little dull upstairs makes you better. You won't be swayed by theoretical possibilities. You'll stick to your moves.

Control over your emotions is the one thing above all you need. Not many have it.

[raider150shifter]

A successful trader must have these qualities and characteristics,
1. discipline - must stick to his entry and exit point
2. patient
3. must know how to control his/her emotion
4. doesn't get controlled by mainstream news
5. ride his/her own wave

[valheru]

I think IQ fact is a bullshit for me. You can not determine the intelligence of anyone with the IQ test. if you want to succeed on a work,  all you have to do is work hard on that purview.

[teramit]

People tend to talk about iq on every thing depend on success. In fact you dont to be clever at any job for success. Experience is more important than iq. Anyway difference of iq between humans are not too much even less than 1 in thousand.Just spend time on charts , informations forums then you will understand it is basics. If you can just analyse what you ve seen you can be a trader. The more you know the more you earn.

[longminh123]

many people have high IQ but not all of them are trading.
so, my question is "Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading".

IQ will affect a person's success but success will not be completely dependent on IQ. There are a lot of people who do not really have high IQs, but they can create big businesses like Jeff Bezos, J.P.Morgan, Warren Buffett, etc.
The ability to succeed in any field will be based on diligence, and passion. If there are two factors, you will easily become wealthy and good at your passion without high IQ.

[Bttzed03]

many people have high IQ but not all of them are trading.
so, my question is "Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading".

Reading thru charts and understanding whitepapers and yellow papers are not easy tasks so having a good or high IQ is an advantage. However, IQ is not enough in making successful trades. Many have been rekt for being emotional during trades.

[erickkyut]

many people have high IQ but not all of them are trading.
so, my question is "Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading".

Reading thru charts and understanding whitepapers and yellow papers are not easy tasks so having a good or high IQ is an advantage. However, IQ is not enough in making successful trades. Many have been rekt for being emotional during trades.

I agree. Having a high IQ is an advantage but it will not be your key to success in trading. Trading price depends on the law of supply and demand. Your high IQ will tell you when is the right time to buy and sell but if you are not lucky, you can also lose your capital despite having high iQ.

[Indrawan77]

It could help you to learn the basic easier and you can judge the market better if you got a great iq, but most of the time the market is unpredictable, trading is not like mathematics that can be count, there are so many unpredictable factors that can caused the market to turn around, so IQ will help you but its not a guarantee that you will successful in trading, I think experience and discipline play the most important part in trading

[jamids]

many people have high IQ but not all of them are trading.
so, my question is "Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading".

I don't think so. One can know how those technical indicators are computed but it would still depend on how he would apply it to his trading strategy so that he can be a profitable trader. It would still depend on how he would be able to control his emotions when trading and following his strategy without being affected by what is happening in the market.

In fact, there is a tendency that those street smarts has a high possibility of being successful because they use actual experience in learning whereas those who has high IQ maybe working for those street smarts because they are more focus on theories than those what is actually happening. This would be applicable to trading as well.

[gentlemand]

I think IQ fact is a bullshit for me. You can not determine the intelligence of anyone with the IQ test. if you want to succeed on a work,  all you have to do is work hard on that purview.

I don't think intelligence is all it's made out to be either. The most intelligent people I know are also the least happy, least productive and least successful people I know.

Those who work well with others and have discipline, application and the ability to recognise and exploit an opportunity are the ones who get ahead.

[Lanzer]

I do not think so. Your intelligence is something that will not determine if you are good for X thing, it also depends on your skills and a lot of other stuff around.

[camito]

many people have high IQ but not all of them are trading.
so, my question is "Whether high IQ it will affect the accuracy of one's decision making because to do Buy and Sell required the right decision-making, extensive analysis and detailed graph reading".

I don't think having high IQ and being intelligent is the basis of how can a person be a good trader. I think someone's discipline, patience and being strategic are the keys to success in trading and not all people having high IQ have these characteristics too.  Sometimes having less IQ is much better than having high ones because decision making of people having less IQ is much simplier and less complicated than people having high IQ who depends on much complicated analyzation and assumptions.

[Koadharber]

Nope. All IQ means is the ability to pass IQ tests. That's it.

You could be the most intelligent person in the world but a useless trader if you have no control over your emotions. Maybe being a little dull upstairs makes you better. You won't be swayed by theoretical possibilities. You'll stick to your moves.

Control over your emotions is the one thing above all you need. Not many have it.

IQ is needed and all sorts of things been done do needs thinking which suppose this is a usual stuff and you are right. Intelligence wont really be enough if you cant able to handle your emotions specially when you are engaging into volatile stuff then most likely you will not able to handle your emotion along the way which only a few would able to realize this.If you strive to succeed into this field then you should set up your emotions.

[kwarto]

to be a successful trader for me have only 2 requirement! luck and brain. these two words should always be in your side to gain huge profit by trading.  IQ really have plays a great role to be successful in trader.. it is a vital role in creating tough decision in the marketplace...

[dev9t9ok]

It is obvious that people who have the highest IQ are more successful in various spheres of life and trading is not an exclusion. I consider sincerely that somebody should not be a trader if one is not smart because trading is fast way to lose money.
There are also important experiences, skills and  an emotional control to be a successful trader because trading is a very difficult activity.

[Intensity13.6]

For me,for having a higher IQ is also an advantage when trading. But,you can't be success without of your self discipline,efforts and patience.Gathering more best strategies,also an advantage on this field.

[totholio]

Just like in any other business, if used properly for sure. There are way too many thing to look at, hundreds of currencies, new ICOs, Fiat rates to each other, higher IQ->more effective and faster moon mission.

[berrygood]

It affects but not greatly for me if you have very low IQ you can't probably be successful in trading,  if you have high IQ you can be or not just as people with good network are rich rather than those with high IQ.

[Tankdestroyer]

Having a high IQ is an advantage but it will not be your key to success in trading.

It can be because higher IQ people who use fundamental analysis can predict next price movements more accurately than those with lower IQ. If used properly, it will be the key to success of someone while trading alts in crypto space.

But,you can't be success without of your self discipline,efforts and patience.Gathering more best strategies,also an advantage on this field.

That's what higher IQ people excel in. Most of them have self-discipline, and since they are also human they can exert effort and be patient. Higher IQ people can also easily learn and adapt strategies they learn.