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What is the importance of knowledge?
Mitglied seit Apr 09, 2019
516 Posts
Jul 25, 2022 at 10:09
All very true but remember that knowledge is knowing things and intelligence (of which there are many kinds) is the ability to apply it.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Aug 05, 2021
394 Posts
Jul 25, 2022 at 16:25
I think this is broken down and explained well and can definitely translate into the different kinds of knowledge needed by traders as well.
Mitglied seit May 02, 2022
37 Posts
Jul 27, 2022 at 11:38
Knowledge plays a very important role in the success of a trader because it enables an individual to make wise decisions.
Mitglied seit Jul 06, 2022
23 Posts
Jul 27, 2022 at 16:04
Knowledge and experience, in my opinion, are the two most important components for the success of a trader. Thanks for the interesting content!
Mitglied seit Jul 28, 2022
11 Posts
Jul 28, 2022 at 04:36
This is carefully broken down and explained, so thank you for that. When it comes to trading, I always consider knowledge to be crucial since without it, it would be tough to grasp without anything to back it up.
Mitglied seit Jul 26, 2022
45 Posts
Jul 28, 2022 at 07:26
Knowledge and constant learning are major aspects for success in forex market. Learning should never stop , no matter how much experienced you are!
Mitglied seit May 02, 2022
37 Posts
Aug 01, 2022 at 12:06
Trading knowledge and a trading plan is paramount to having a successful trading journey. It is important to understand that trading education will never be over and that there will always be new concepts to study, strategies to develop, and skills to master.
Mitglied seit Aug 19, 2021
203 Posts
Aug 01, 2022 at 13:43
Oh in general, you say the right things. But I do not agree with everything. As for me now the knowledge about forex obtained from books is too old-fashioned. Time goes by, stock markets change, CFD's changes. Now there is a different trading methods and other methods of earning. Therefore now it is more correct to receive new knowledge directly on Forex forums, lmao.
Aug 05, 2022 at 10:16
In order to be successful in forex trading, traders need to have a good understanding of the market and how it works.
By educating yourself about the market and the different forex trading strategies, you can make more informed decisions about your trading. And can manage, minimise your risk and maximise your profits.
By educating yourself about the market and the different forex trading strategies, you can make more informed decisions about your trading. And can manage, minimise your risk and maximise your profits.
Mitglied seit Jan 11, 2022
45 Posts
Aug 17, 2022 at 06:04
If a trader doesn’t have knowledge about the trading, how will he place the trades and expect to win? Trading without knowledge makes it gambling, which is full of risks. In gambling, you can win big but you have the risk of losing it all. With knowledge, you will know the techniques of how to manage losses as well. In a nutshell, knowledge is the first step of the ladder to success in forex trading and you can’t afford to skip.
Aug 17, 2022 at 10:35
OP has explained the term ‘knowledge’ in detail through the post. And when we talk about forex trading, knowledge is the foundation that helps us to develop skills as a newbie trader. Market knowledge is very much needed to make money from forex trading. Having knowledge surely gives us an edge without which we won’t be able to move forward in the forex market.
Mitglied seit Aug 17, 2022
79 Posts
Aug 18, 2022 at 10:12
Ambersmith345 posted:
Trading knowledge and a trading plan is paramount to having a successful trading journey. It is important to understand that trading education will never be over and that there will always be new concepts to study, strategies to develop, and skills to master.
Yes, to be a successful trader one should track the daily chart patterns and broad economic issues that influence financial markets.
Aug 18, 2022 at 11:23
Knowledge is everything in trading. Without knowledge, there is only failure in forex trading. We cannot depend on others or copy them to trade. We have to focus on our own game and trade, for which knowledge is absolutely essential. Moreover, it doesn’t make sense to trade without knowledge when there is so much information available on the market these days.
