There is a proverb that practice

Mar 02, 2021 at 03:58
2,604 Views
63 Replies
Member Since Jul 19, 2020   298 posts
Mar 02, 2021 at 03:58
There is a proverb that practice makes a man perfect. Do you think that this proverb is suitable for Forex market. I think it is true. If you practice demo trading, follow the basic rules of Forex trading and thus in this way you can get proper training through this practice then you surely do better in Forex business.
Member Since Jul 19, 2020   751 posts
Mar 02, 2021 at 05:28
It is a simple fact that works not only in Forex but other things. Though perfection is one thing that is difficult to come by but the more we learn, the better trader we shall make. Practice helps a trader in no small way to get over the hurdles of learning easier.
Member Since Oct 16, 2020   137 posts
Mar 02, 2021 at 07:59
This is very true. If you are determined enough to learn trading, you will definitely get better at it with time. Demo trade for a good 6 months and then try going live with a small deposit. With real money, you will have a better learning experience and will learn to handle the pressure better.
Member Since Dec 28, 2020   187 posts
Mar 05, 2021 at 08:09
Yes the proverb is totally applicable for Forex trading. When I started trading I didn’t jump on the live account directly. I practice trading on a demo account and tested my strategy on demo first then applied it to the live account. Perfection always comes with practice only.
Member Since Nov 03, 2020   3 posts
Mar 11, 2021 at 11:55
You will have to practice hard if you want to make your trades work for you. No need to take a step if you are not sure about what you are doing.
Member Since Mar 28, 2021   617 posts
Mar 31, 2021 at 13:32
Yes practice is important in trading but one to need to practice in a systematic way. Random trading will not help. One needs to develop strategy by practicing on demo. Only then practice will be fruitful.
Member Since Mar 17, 2021   536 posts
Mar 31, 2021 at 16:11
Danielvittory posted:
You will have to practice hard if you want to make your trades work for you. No need to take a step if you are not sure about what you are doing.
Yes. If you want to become a good trader, you need to practice more and more.
Member Since Jul 23, 2020   759 posts
Mar 31, 2021 at 18:01
Akasuki posted:
Yes practice is important in trading but one to need to practice in a systematic way. Random trading will not help. One needs to develop strategy by practicing on demo. Only then practice will be fruitful.
I also agree. Every trader needs to practice in order to improve their trading skills.
Member Since Apr 03, 2021   13 posts
Apr 16, 2021 at 10:47
I think it makes perfect sense in the forex market. The more you practice, the better you are likely to get. It all depends upon how much a trader is prepared to learn.
Member Since Sep 12, 2017   238 posts
Apr 16, 2021 at 12:40
practise is always imp be it trading or a game. The more you practise the better is the performance.
Member Since Jul 19, 2020   788 posts
Apr 16, 2021 at 16:20
Yes, if I trade without practice, I can't trade. Practice can make me the perfect trader. So when I lose consistently I try to take out some time and do demo trading it helps to perfect my skills.
Member Since Mar 16, 2021   477 posts
Apr 16, 2021 at 21:46
To trade, it is necessary to develop skills first. It is not possible to make a profit without developing skills. So I develop skills by acquiring knowledge from different sites. And I keep practicing all the time.
Member Since Dec 21, 2020   36 posts
May 21, 2021 at 03:28
This proverb, without any doubt fits for forex trading as well.
Member Since Jul 20, 2020   399 posts
May 22, 2021 at 15:59
Fx_howie posted:
This proverb, without any doubt fits for forex trading as well.

Completely agree. Its so fitting
Member Since Mar 16, 2021   477 posts
May 24, 2021 at 00:12
WaltonCharles posted:
LukeRachel posted:
To trade, it is necessary to develop skills first. It is not possible to make a profit without developing skills. So I develop skills by acquiring knowledge from different sites. And I keep practicing all the time.
I agree with you.
Thanks. It is very difficult to make a profit if you cannot develop skills.
Member Since Jul 19, 2020   788 posts
May 25, 2021 at 14:58
RobSchiz posted:
AliaDare posted:
Yes, if I trade without practice, I can't trade. Practice can make me the perfect trader. So when I lose consistently I try to take out some time and do demo trading it helps to perfect my skills.
Practice on a demo account helps a trader to gain confidence and make proper decisions.
Yes, it is possible to develop skills by practicing the demo. Knowledge about many strategies is created.
Member Since Jul 19, 2020   751 posts
May 28, 2021 at 12:01
There is no alternative to practice. But to do practice, one needs some systematic approach. Just random demo trading does not help. Treat demo like live trading.
Member Since May 27, 2021   57 posts
May 29, 2021 at 10:59
According to me, practice is the only key to profitable trading. Consistent practice and determination never lets a trader bear losses.
Member Since Feb 20, 2021   53 posts
Jun 29, 2021 at 08:15
Practicing in demo trading accounts will surely help the beginner traders understand the real market. And this proverb too fits for all the forex traders. More the practice, more the developments in skills.
Member Since Jun 15, 2021   8 posts
Jun 29, 2021 at 09:15
Those that focus on practice and improving their skills will do much better than those just focused on making profit
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.