trader You need to study a lot to become a good trader?

[adidas21rus 37]

Knowledge is important, but not critical, in my opinion. First, I am sure that everything can be learned in practice. Some things can be read in books, on the forum, and, in the end, watch someone's video course. So, if you do not have knowledge about the financial market, that is, you do not have a specialized education – this is not critical. Of course, if You are going to analyze fundamental factors, then an economic education would be very useful to you.

I'll give you my own example. When I started studying options in the commodity markets, a lot of things were easy for me. I could easily assess the impact of various factors on the market, because it was not a problem for me to build a chain of inter-industry connections, because I was taught this at University. But, of course, not only this. For example, did you know that Americans Are abandoning beef consumption in favor of cheaper pork and chicken when gasoline prices are rising? And for me it was not quite obvious at first, but then I figured it out. Lower consumption means lower demand, which means lower prices for Live Cattle.

But if you, for example, trade in Forex or the stock market and use only technical analysis, then it would be better to have a mathematical education or engineering. It is much easier for a technician to track patterns. He is already used to them, and you can figure out which indicator means what on your own.

The conclusion here is that you need to have knowledge about The markets in which you trade. But with certain trading styles, the lack of this knowledge will not affect Your result as much as other factors. In other words, you can trade successfully even without a higher education, but if you have one, it will definitely not be worse.

[luismar77 68]

Indeed my friend, practice makes perfect, but not without first having a little knowledge about the subject and if you must study a lot if you want a good performance in a short time, I would recommend that while you study all this subject you put it into practice, operating with small amounts that would be a way to fast forward.

Good luck friend.

[kame2030 158]

For me it is a resounding yes. But more to control your emotions because placing an order with stoploss and take profit is easy. But emotions, that is the hardest thing to overcome, so if you acquire knowledge you can control it with that. So study about the psychology of trading

[mot101 4]

I believe that it is not necessary to study a lot in order to become a good trader. However, in this approach, the main disadvantage is that you can lose some of the money on self-study, but it will be better able to understand the market

[talattabi06 2]

Algorithmic trading also needs to be studied

[f9ferandez 16]

many hours of graphics to have a good strategy and know that:

The market is moved by high-frequency bots operating these bots hunt liquidity therefore you should through mathematical calculations of data from your exchanger and thus know more affinity where to place the stop loss. These bots are what actually move the market. makert makets are the ones that provide liquidity.
All qualitative, technical analysis is apophenia. It's the era of quantitative trading

[Omar1234H 148]

Friend to become a good trader you need knowledge (To start, read a little about the candles and the market structure), Then you will take into account viewing the graphs to familiarize yourself, as you analyze the graphs with what has been studied, you would be practicing ... And as they say, Practice makes perfect.

[Abas 21]

I don't think you have to study having a good knowledge of the prices and the situation around you is enough you need some luck too. 

[ricardoramc 49]

In my opinion, if you should study a lot, this is a professional career like any other, I was scammed several times in different academies, however I met a person who helped me a lot to understand the market, but all that is a process, you have to studying hard, sacrificing oneself, it's hours and hours glued to the computer practicing

[yuriblanco 27]

On 10/9/2019 at 6:20 AM, MyThoughts said:

Do you need to study a lot to become a good trader and then earn good money by trading?
What good free sites can you recommend for study?

There are several pages that teach you how to do it, but my favorite without a doubt is Investopedia
It contains a platform called Stock Simulator, where you can learn to trade virtual USD, as if you were doing it with a common trading account, in addition to competing with other traders as a kind of game.

[Waltee 93]

On 10/9/2019 at 7:03 PM, MyThoughts said:

Do you mean practice and only practice will help to gain experience in order to subsequently systematically make a profit?

Yobit is an excellent exchange to learn how to trade. There is no simulation mode though but if you start with a small amount you can earn as you learn. Becoming familiar with the main trading tokens and what they normally trade at is the best way to make a profit... at least in my experience.

[avgplaya 97]

I think it is good to study the behavior of the markets, investigate the projects that support cryptocurrency, marketing and who are its creators or promoters. But in addition to that, the next would be to have a good tutor, a teacher or an expert who can teach us the details and the signals to make a good trade.

[Josee 20]

Although you do not need university studies to be a trader, it is no less true that they can help us a lot. For example, if we have a career that trains us in mathematics and statistics, we will understand basic concepts to apply quantitative analysis.

To apply a quantitative analysis, or create an automatic system, it is great for us to have computer science or programming studies.

If we want to operate in the stock market, a person with training in accounting and financial analysis will have an easier time creating a good system than a person who has no academic training.

[rahmi777 320]

Yes, of course, this is a science that you should study and discover its secrets. You should study the graph for each currency And learning how to do technical analysis There are many sites for you to learn from 

[Abdalrazig 1865]

Skip all that, learn the basics and importantly how to do technical analysis then look for your own strategy, this the shortest way to learn trading, remember if you are gonna lose anyway, make sure you enter with small capital so you minimize your losing at first, when you settle your feet to the ground, go take big risks.

[yato987 2811]

it is not  studying more than doing researches and gain knowledge about the field , that is what is required to become a trader , you also need to be able to control your emotions and use your brain more before getting into the field , there is no specific site or links , just search  for it on net and choose what you feel comfortable with

[SuperCrypto 7193]

To become a good trader you must start with learning from the beginning. That is, you start with the concept of blockchain technology and how it works. Then you learn what cryptocurrency projects are and the importance of each currency. The most important thing you should learn is technical and fundamental analysis of cryptocurrencies.

[IvanVynyavsky 79]

you need to learn a lot to become a good specialist in any field and in trading including. In fact, it is very difficult for a beginner to find a lot of good free material. Personally, I bought a ready-made course and am very pleased with it. it saved me a lot of time

as for me, the main thing is desire. If there is a desire, you will be able to achieve everything and deal with everything. if we talk more specifically about trading, then your friend was right on a laptop and the Internet will be enough for you to start

[Muayad 125]

Studying well is not enough. You have to try again and again to gain practical experience.

[manuel092584 33]

In fact, the more knowledge you have of the world of cryptocurrencies, the more specific while you have knowledge of the behavior of the currencies with which you are going to work, you will have many more options to obtain benefits. You have to be very patient, have perseverance and invest amounts in early low amounts while you gain experience.

 

 

[RICZAROS12 38]

You don't need university studies to be a trader
To apply a quantitative analysis, or create an automatic system, it is great for us to have computer science or programming studies. Although it is always very important to read and research trends to be at the forefront. The experience and the ability to do business will always be a point in your favor

[J7torresperez 59]

Is not an easy job you need to study a read about the market  it us necesary for begining 

[juan francisco reynaldo garcia 39]

On 10/9/2019 at 3:20 AM, MyThoughts said:

Do you need to study a lot to become a good trader and then earn good money by trading?
What good free sites can you recommend for study?

I think that to be good, you should always be updating new strategies, trying new methods, taking risks, you learn from error, but better if you know how to manage it, then if you should study trading to achieve it

[negociosactuales 58]

On 10/9/2019 at 5:20 AM, MyThoughts said:

Do you need to study a lot to become a good trader and then earn good money by trading?
What good free sites can you recommend for study?

It is important to learn a little about cryptocurrency trading before investing, otherwise we can have negative results and lose our capital.

[toshiSatoshi 29]

Obviously, If it is necessary, to know the market, to know exactly what each indicator indicates, studying is good for any activity in YOUE life.