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Acquiring knowledge is basic

Akasuki
Aug 18 at 12:00
338 posts
@croisssan In forex trading knowledge is very important. But it is also important to have the ability to implement the knowledge one has.

UweMoench
Aug 18 at 12:10
639 posts
@Akasuki Yes knowledge becomes effective or powerful when it is applied properly. Without proper use of knowledge, making money in trading is not possible.

croisssan
Aug 18 at 13:34
477 posts
I believe that the best option for getting basic knowledge is the demo mode. This is how I was able to get the minimum experience with a broker, which was useful to me in the future.

Akasuki
Aug 20 at 14:05
338 posts
@croisssan Yes demo account is important to get familiar with basic trading ideas. Demo is also helpful to test different strategy to find out the winning percentage.

RobSchiz
Aug 20 at 16:40
446 posts
Akasuki posted:
@croisssan Yes demo account is important to get familiar with basic trading ideas. Demo is also helpful to test different strategy to find out the winning percentage.

I agree with you. A demo is the best place to learn forex.

croisssan
Aug 21 at 09:40
477 posts
It should be understood that without knowledge in this industry, a trader has really little chance of making a profit.

Cordawield
Aug 23 at 07:35
65 posts
There are a lot of new terminology in the forex field that you have not met before, and without understanding them it will be difficult to trade.

Seb King (sebking1986)
Aug 23 at 09:53
143 posts
Knowledge is one thing but being able to apply that knowledge is crucial as it would be with something like medicine. And just like a career like medicine, it doesn't come without time.

If you can't spot the liquidity then you are the liquidity.
Shootinggrass
Aug 24 at 11:22
6 posts
that is true but I think that practical experience is more important with forex. Learn the basics then sit at the charts every day following markets, observing and that will teach you how it really works

croisssan
Aug 24 at 13:07
477 posts
In general, trading in this industry without knowledge has only one outcome - losses.

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