Is 1200 Elo good for a beginner?

I'm curious to understand the context behind the question, 'Is 1200 Elo good for a beginner?' Elo ratings are typically associated with chess, where they serve as a measure of skill. However, if we're extrapolating this concept to another competitive environment, like cryptocurrency trading or financial analysis, I'd like to pose a few clarifying questions. First, what does 1200 Elo represent in this specific context? Is it a score, ranking, or level of proficiency? Second, what constitutes a 'good' score for a beginner in this field? Is it relative to the general population, or is there a specific benchmark? Lastly, how does one acquire and improve upon this Elo score? Is it through experience, training, or both? Answers to these questions will help me better frame my response and provide insight into whether 1200 Elo is indeed 'good' for a beginner in the given domain.