any aspects will be important in Forex trading, even insignificant, therefore absolutely everything cannot be ignored

UweMoench posted:Hope not or I am a lost cause haha

For being a good trader you do not need to be an expert in math. Basics knowledge of math will do the work. Learnt to read the market. Observe charts as much as possible. Do demo practice and apply what you are learning. Learn by doing experiments. Have a learning attitudes. You have to spend a lot of time in learning.

LucasRogers

Member Since Dec 18, 2019
14 posts
Oct 20 2021 at 16:43

Actually, basic knowledge in math of course is required in trading in order to calculate possible profit and possible losses. Moreover you have to calculate how much money from your deposit you should use for one deal. In my opinion, math is important in your life, not in trading. For trading you need just basic knowledge as I said. Nevertheless, if you like math and you're fond of learning math you can also try to calculate the possibility of your win or lose. However, these methods would better not be used, because it's so silly to calculate. You will just provide yourself with negative emotions in case of unpleasant consequences.

forexstudio1

Member Since Jun 17, 2021
12 posts
Oct 21 2021 at 05:45

It depends on your approach to trading. If you employ algorithms or sophisticated quantitative models, then I'm sure you'd need to understand a lot of high-level math.

Whether you make money is another question. You could be very gifted at math and still blow up your account if you ignore the fundamental financial or economic factors in the markets and fail to manage risk appropriately.

Whether you make money is another question. You could be very gifted at math and still blow up your account if you ignore the fundamental financial or economic factors in the markets and fail to manage risk appropriately.

yeah its important in terms of financial factors

LarssonWilliams

Member Since Oct 19, 2021
18 posts
Oct 21 2021 at 08:02

Basic maths is definitely required.

As for me, this is a big plus for a trader. Such sciences are definitely worth understanding for a trader.

many aspects are useful in trading, and mathematics is no exception

Yes, forex demands trades to be good with mathematical skills. However, it doesn’t mean you require knowledge of advanced maths. Knowledge of percentages is essential.

There are mathematical formulas traders need to be well equipped in handling, such as how to calculate leverage, pips, profits, and margins. Knowledge of descriptive statistics and probability is necessary too.

There are mathematical formulas traders need to be well equipped in handling, such as how to calculate leverage, pips, profits, and margins. Knowledge of descriptive statistics and probability is necessary too.

billysnyder

Member Since Jun 16, 2021
111 posts
Dec 16 2021 at 03:58

Yes, basic knowledge of math is very essential as a forex trader. You need to be good with statistical math, concepts like percentages, ratios, and probabilities. Traders should also be very equipped with different types of formulas such as how to calculate leverage, pips, and others.

The question of math in trading is pretty arguable, but, as for me, I do really think that it is better to know math rather than not to know it.

Surely, it is not a must, but, from my perspective, it can give you some advantages especially in comparison with other traders. It is a good habit for trading to be able to calculate and treat numbers with the cold heart. This will definetely help you avoid being overemotional while trading. Learning math will change your mindset and you will see some logical conclusions very vividle and fast. So, I do strongly recommend everyone to learn maths despite the fact that it has no direct influence on trading results.

Surely, it is not a must, but, from my perspective, it can give you some advantages especially in comparison with other traders. It is a good habit for trading to be able to calculate and treat numbers with the cold heart. This will definetely help you avoid being overemotional while trading. Learning math will change your mindset and you will see some logical conclusions very vividle and fast. So, I do strongly recommend everyone to learn maths despite the fact that it has no direct influence on trading results.

Trading is essentially working with numbers. Do you think math is important? :)

SteveHanks

Member Since Mar 17, 2021
536 posts
Dec 19 2021 at 19:38

croisssan posted:I think math is very essential to calculate the profit and losses.

Trading is essentially working with numbers. Do you think math is important? :)

Peirameter

Member Since Dec 14, 2021
28 posts
Dec 21 2021 at 05:48

A basic knowledge of maths is all that you need to trade properly. You don’t have to learn deep mathematical concepts. It is even said that the maths you’ve learnt in junior high is enough for trading.

It is very difficult to overestimate the role of this science in trading. As for me, this is really important to understand.

whitneytyler

Member Since Jun 07, 2021
72 posts
Dec 22 2021 at 05:05

Yes, you need to have a basic math knowledge to become a good trader. The knowledge concepts like statistical math, percentages, probability, and correction are important. Math knowledge can reduce risk in forex, especially when you know how to apply it in position sizing.

Trading does include maths but in this maths a person does not need to be the top of class in the subject. You just need to have enough knowledge to use a calculator. Some trading platforms do most of the calculations for you but still sometimes you need to calculate how much you would like to invest or what risk you can bear.

Marcel Durham
(MarcellusLux)

Member Since May 19, 2020
188 posts
Dec 22 2021 at 13:11

Mathematical knowledge will help you better understand the principle of the indicators. Basic calculations of the trading plan will be made easier and faster. So this knowledge will only benefit your trading.

*@Marcellus8610*