To use chat, please login.
Back to contacts

What is the importance of knowledge?

Jul 22, 2022 at 11:16
65 Replies
Member Since Sep 06, 2022   26 posts
Oct 03, 2022 at 09:18
The importance of knowledge in forex trading is that it allows traders to better understand the market and make better trades. This knowledge can be used to improve a trader's ability to predict trends, identify opportunities, and make informed decisions.
Member Since Sep 14, 2022   40 posts
Oct 13, 2022 at 12:19
We can become knowledgeable, but our success as traders is determined by our ability to apply that knowledge to real-time trading. So, we must focus on both aspects in order to become truly successful as a forex trader.
Member Since Apr 03, 2021   470 posts
Oct 14, 2022 at 00:01
In many fields of business, knowledge is important, and knowledge could be obtained by learning, there are various ways to learn and get new knowledge, one of them is reading articles and news, get new update market gives us more insight related to economic indiator as helpo tool in making decision trading
Member Since Jul 19, 2022   24 posts
Oct 19, 2022 at 07:08
Knowledge helps us grow and makes us successful. By continuously updating our knowledge, we improve our trading and gain what we seek.
Member Since Feb 15, 2022   219 posts
Oct 22, 2022 at 13:46
Until a trader doesn’t develop his own signal-making skill, he is not a good trader. Besides earning skill, applying those earned lessons on demo account as a trial is a part of learning.
Member Since Aug 16, 2022   8 posts
Oct 26, 2022 at 11:13
Knowledge is important, like everywhere else. Whatever you do, you either acquire knowledge, or acquire knowledge to do something. This is the life path of a sane person.
Member Since Sep 14, 2022   40 posts
Oct 28, 2022 at 11:42
The ability to conduct quality research and to analyze the market is crucial to trading success. Traders who master their craft adapt and approach the market in the most effective way using both fundamental economic information and market information for trading to predict price action comes from knowledge.
Member Since Oct 27, 2022   27 posts
Nov 05, 2022 at 08:34
Whatever you are doing knowledge is very important. without that, you cannot able to work or make a trading strategy properly.
Member Since Sep 13, 2022   16 posts
Nov 07, 2022 at 09:57
Without understanding market sentiment, traders won’t succeed in the long run. Knowledge and skill are important to move ahead towards generating profit. Learn all you can so when you do learn how to analyse the market, it gets simpler to move in the right direction.
Member Since Oct 28, 2022   50 posts
Nov 08, 2022 at 12:36
Knowledge helps with right market analysis which is very important in trading.
Member Since Feb 16, 2022   119 posts
Nov 09, 2022 at 17:03
Can count on technical and fundamental analysis for determining market destination. While going for a broker, try ECN brokers.
Member Since Feb 15, 2022   219 posts
Nov 19, 2022 at 10:23
Forex moves based on global economy so it’s something giant. So, every step here is important. However, you must need to earn knowledge and then start trading with a reliable broker.
Member Since Nov 25, 2022   7 posts
Nov 25, 2022 at 05:57
Knowledge is important as far as trading is concerned as it is a learning process that demands your time and input and without wisdom, there are higher chances to make a loss.
Member Since Feb 15, 2022   219 posts
Nov 26, 2022 at 13:29
Expert traders have an aim to make profits with low risk and it’s the most appropriate decision of trading. So, drive yourself towards your aim by selecting a regulated broker.
Member Since Jul 23, 2020   869 posts
Nov 27, 2022 at 18:36
To capture the market trend, you can use indicators. RSI, moving average and Bollinger bands seem to be good indicators.
Member Since Feb 15, 2022   219 posts
Nov 30, 2022 at 06:28
Sufficient knowledge helps a trader understand the market well. Best approaches of trading should be followed to earn profit and survive in Forex.
Member Since Nov 15, 2022   24 posts
Nov 30, 2022 at 08:54
Forex knowledge is a helpful tool that guides traders to optimal systems and the best solutions.
Member Since Feb 15, 2022   219 posts
Dec 05, 2022 at 12:42
Keep your innovation running over the market and strategy. A trader can’t derive good amount of profit from the market until he or she has a flourished trading strategy.
Member Since May 13, 2022   34 posts
Dec 06, 2022 at 06:00
In the forex market, knowledge is essential for both survival and financial success. Forex trading is a unique project that necessitates specialised knowledge despite being challenging. You can gain the necessary knowledge by learning everything you can about forex trading. If you learn, you'll be able to decide wisely when trading. There are numerous sources of information, including books, websites, YouTube, forums, and others.
Member Since Feb 16, 2022   119 posts
Dec 08, 2022 at 16:41
You have to be tricky for trading forex and deriving profit from it. Start trading on real account with low capital initially so you can survive in for long.
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.