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There is a proverb that practice

RobSchiz
Dec 24 2021 at 19:18
567 posts
LyudmilLukanov posted:
Practice is one of the most important things that can help you become better at forex trading.
Proper practicing is very important to make money from this market.
Nakedize
Dec 28 2021 at 06:52
46 posts
Not only in forex trading but this applies everywhere in life. Trading gets better with time and practice. There is no fixed strategy that will work every time. Developing a quality analysis takes time and it only comes with practice.
Jude_craig
Dec 28 2021 at 07:16
81 posts
Michihito posted:
practice makes a man perfect
This is why I constantly keep on practicing so that I can trade better in future.
Seb King (sebking1986)
Dec 28 2021 at 11:14
510 posts
I think you could adapt it to something like 'practice makes probable' in forex.
If you can't spot the liquidity then you are the liquidity.
LukeRachel
Dec 29 2021 at 02:07
477 posts
Nakedize posted:
Not only in forex trading but this applies everywhere in life. Trading gets better with time and practice. There is no fixed strategy that will work every time. Developing a quality analysis takes time and it only comes with practice.
The more time you spend on trading, the better the results. Practice and perseverance will take me further in trading.
miguelcaron
Dec 30 2021 at 04:43
70 posts
If a person performs a task regularly, the performance of the task would keep on increasing with time. Same is the case in forex trading. If a trader continuously practises trading, he/she will keep on getting better overall returns. This practice may be on a demo account or a live account.
Actinism
Jan 28 at 03:58
32 posts
I know some people who practised for years before starting the actual trading. After all this practice and looking at charts daily they gained enough experience to earn big profits. So, saying that practice makes trading perfect won’t be wrong at all.
CraigMcG2020
Jan 28 at 07:48
385 posts
Actinism posted:
I know some people who practised for years before starting the actual trading. After all this practice and looking at charts daily they gained enough experience to earn big profits. So, saying that practice makes trading perfect won’t be wrong at all.

Practice is key as well for sure like honing any skill just have to work on the fundamentals like psychology and discipline too which only come in with live trading imo
Jungle78
Jan 28 at 14:38
105 posts
Practice is key in any discipline but maybe even more so in this game of ours and the psychological aspect of trading is pivotal
frandunn
Feb 01 at 08:22
20 posts
The proverb is true to each word. Not only in forex but in every other field too, the proverb is applicable. New traders in forex often make mistakes but as they keep on learning, mistakes reduce and so does their loss. Practice is infact one of the most important things that can be done to succeed in forex.
Seb King (sebking1986)
Feb 02 at 13:08
510 posts
I still think the pursuit of perfection is a flawed one as I said but exposing yourself to the markets helps in so many ways.
If you can't spot the liquidity then you are the liquidity.
SteveFx11
Mar 05 at 04:52
114 posts
Forex doesn’t only require human effort; it also requires some human qualities, including patience. As long as you don’t have patience, you can’t be a good trader. So, develop your patience even before igniting your trading skill. The reason is that your skill will be of no use until you have patience.
SteveFx11
Mar 06 at 04:30
114 posts

Whether it is Forex trading or any other profession, patience is necessary everywhere. It is a human quality that helps a person to be determined and focused on his work. But we see the absence of such highly required human qualities among traders. Owing to this reason, a trader can hardly advance in trading.
Diptote
Mar 14 at 08:02
15 posts
That’s very much true in any part of life. Without getting out of your comfort zone, you will not get anything in life. Thus, traders should develop a practice of learning from their trades. To achieve that, backtesting is the best solution. So follow a simple pattern—backtest your trades regularly, find loopholes, revise your strategies for future trades.
Seb King (sebking1986)
Mar 14 at 09:13
510 posts
SteveFx11 posted:

Whether it is Forex trading or any other profession, patience is necessary everywhere. It is a human quality that helps a person to be determined and focused on his work. But we see the absence of such highly required human qualities among traders. Owing to this reason, a trader can hardly advance in trading.
Very much lacking in new traders though as the focus is on making money quickly too often. Then they go down the route of looking for shortcuts which ironically turn into the total opposite.
If you can't spot the liquidity then you are the liquidity.
skihav
Mar 14 at 10:19
801 posts
Practice is quite important for a trader, and the impact of this aspect on the overall result should not be underestimated.
Harshelgibbs
Mar 17 at 08:14
16 posts
Practice plays a very important role in making traders well versed with the trading strategies and the trading platform. More a trader practice, more hold he gets on his trading strategy and operating the trading platform.
croisssan
Mar 17 at 11:19
939 posts
Practice is an extremely important aspect for success. It should be understood that this aspect plays an extremely important role.
HeavenLeighGill (HeavLeighGill26)
Mar 17 at 15:42
328 posts
Practicing and trading on a demo account are crucial for success and I believe the more practice you have, the more prepared you will be when you open a real account. Still though, this doesn't guarantee that you will do as well trading live or that you'll make money.
skihav
Mar 18 at 11:00
801 posts
The main thing to understand is that practice plays an extremely important role. Without practice, it is simply impossible to get the desired result.
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