There is a proverb that practice

Mar 02, 2021 at 03:58
2,622 Views
63 Replies
Member Since Feb 15, 2022   183 posts
Mar 05, 2022 at 04:52
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.
Member Since Feb 15, 2022   183 posts
Mar 06, 2022 at 04:30

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.
Member Since Feb 18, 2022   15 posts
Mar 14, 2022 at 08:02
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.
Member Since Apr 09, 2019   538 posts
Mar 14, 2022 at 09:13
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.
Member Since Oct 29, 2020   18 posts
Mar 17, 2022 at 08:14
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.
Member Since Aug 05, 2021   401 posts
Mar 17, 2022 at 15:42
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.
Member Since Feb 15, 2022   183 posts
Mar 19, 2022 at 04:44
In Forex, there is no alternative to practicing for learning about trading. No video tutorial and e-book is capable to giving you so much knowledge that practice can give you. So, make practicing your trading partner and I assure you of success from trading. Lacking of practicing tendency can lead to losses.
Member Since Jul 20, 2020   399 posts
Mar 22, 2022 at 08:04
SteveFx11 posted:
In Forex, there is no alternative to practicing for learning about trading. No video tutorial and e-book is capable to giving you so much knowledge that practice can give you. So, make practicing your trading partner and I assure you of success from trading. Lacking of practicing tendency can lead to losses.

I agree, the market is the best educator. You cant progress as a trader unless you're live trading(after learning a strategy and doing due diligence of course)
Member Since Aug 21, 2021   61 posts
Mar 22, 2022 at 09:36
Practice make human perfect, is one of my favorite proverbs ever!
Member Since Feb 15, 2022   183 posts
Mar 23, 2022 at 04:28
There is no alternative to practicing because this is the only way a trader can develop through. But, unfortunately we see traders out of the tendency to practicing. This is the reason that lags them behind. They should not depend on indicators’ signals because these signals go wrong maximum of the time.
Member Since Nov 06, 2018   83 posts
Mar 23, 2022 at 09:35
Michihito posted:
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.
To an extent yes, but sometimes no. Forex isn't for everybody. You can put in days, hours, weeks, months or years and still be unsuccessful.
Member Since Feb 12, 2019   105 posts
Mar 29, 2022 at 21:32
Practice makes perfect as they say but sometimes its not enough you need passion for this business
Member Since Mar 17, 2022   29 posts
Apr 26, 2022 at 04:38
When you practice, you gain confidence and enhance your skills in a particular domain, same way when you talk about forex trading, it is important to understand the market and it’s shifting tendencies before you use real money, this way, you avoid the risk of losing your capital and are able to productively use the opportunities to your advantage.
Member Since Apr 04, 2022   25 posts
Apr 28, 2022 at 05:10
Yes, I believe with patience comes great success. Especially, when it comes to trading, the uncertainty that the market brings to the equation can be quite challenging and stressful for traders, new or experienced. With only practice you will be able to understand how a particular system works. Likewise, to be able to ace trading, practice on a demo account is quite valuable and it also gives you a wide view of the dynamics of the market environment.
Member Since Feb 16, 2022   63 posts
Apr 28, 2022 at 06:46
Yes, there is no substitute to practicing more and more. And you already know that traders make a frequent mistake like whenever they see the market following uptrend, they make a buy entry without thinking and they did the opposite when they see the market following downtrend. Practicing helps traders recover from these mistakes.

Member Since Sep 10, 2021   20 posts
Apr 28, 2022 at 07:03
Practice indeed makes a man perfect be it in trading or in life. I have overcome so many challenges as a trader, never gave up and happy to report that i have been doing pretty good at the moment.
Member Since Jan 11, 2022   45 posts
May 03, 2022 at 05:48
Practice gives the trader experience which helps in refining the trading skills.
Member Since Mar 24, 2022   56 posts
May 04, 2022 at 05:46
It’s true, and it applies to all fields of life including forex. When a trader practices on a demo account, he gets used to the working of the real market and can form better strategies.
On the other hand, there are also some traders who try the ‘hit and trial’ method when trading from a live account. This is extremely harmful and unless you are so lucky that every strategy you apply turns out as a success or profit in the ‘hit and trial method’, you will soon turn bankrupt from losses.
So please don’t try new strategies that you have formed in a live account, but a demo account.
Member Since Apr 14, 2022   41 posts
May 05, 2022 at 04:14
Practice, indeed, makes a trader perfect. And this is what’s gonna help in the longer run.
Member Since Apr 18, 2022   51 posts
May 07, 2022 at 10:31
“Markets go up the stairs and down the elevator.”
'Practice without improvement is meaningless.
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