Knowldge is important

Apr 01, 2020 at 03:35
2,957 Views
61 Replies
Member Since Apr 01, 2020   231 posts
Apr 01, 2020 at 03:35
Knowldge is very important and it is very difficult to trade successfully if you have no knowldge and skills to trade. So always learn the basics of Forex and it will be easy to make good money in Forex trading. You should get good tranning in Forex because Training gives a beginner trader confidence and autonomy to make trading decisions.
Member Since Mar 20, 2020   5 posts
Apr 01, 2020 at 12:55
Knowledge is definitely important! It's always nice to learn more about the market to avoid losses
Member Since Dec 09, 2014   11 posts
Apr 05, 2020 at 04:21
have you tried micro account? learn from micro account to get knowledge
Member Since Mar 20, 2020   5 posts
Apr 06, 2020 at 00:43
Micro account? Do you mean a pseudo account that doesn't trade with real money or a mini account with a lower deposit required?
Member Since Oct 19, 2019   34 posts
Apr 06, 2020 at 11:24
I would say knowledge is the most important part. How will one succeed if the basics are only not clear.
Member Since Oct 22, 2019   33 posts
Apr 13, 2020 at 12:12
Without knowledge, one can not succeed in forex trading. It gives you the confidence to trade efficiently and systematically in the market.
Member Since Aug 11, 2017   886 posts
Apr 18, 2020 at 13:16
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
Member Since Dec 09, 2019   60 posts
Apr 23, 2020 at 07:28
And all the knowledge comes from demo trading..so you got to keep practicing on to get better in time.
Member Since Oct 07, 2019   39 posts
Apr 23, 2020 at 12:26
Without knowledge, one can fail miserably in forex trading so it is important to strengthen your basics.
Member Since Dec 15, 2019   20 posts
Apr 28, 2020 at 12:12
I agree with you on all 120%. Without knowledge, you're gonna be a crappy broker. Besides, you need knowledge not only on some basic trading things, but also a little knowledge in politics, economics and a little psychology. In this way skillful brokers can make some predictions for the future. That is why brokerage is a constant work on yourself and a constant updating of information.
Member Since Jan 07, 2019   1 posts
Apr 28, 2020 at 12:35
Knowledge is not power without its application, when you acquire knowledge and failed to apply it to the areas of those fields is not power
Member Since Aug 11, 2017   886 posts
Apr 28, 2020 at 14:35
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
Member Since Apr 28, 2020   52 posts
Apr 29, 2020 at 07:34
Gabriel99 posted:
Without knowledge, one can fail miserably in forex trading so it is important to strengthen your basics.

Very true, trading without knowledge in the forex world is like walking in a busy street with closed eyes.
Member Since Apr 29, 2020   3 posts
Apr 29, 2020 at 08:10
I will say more, even experienced traders possessing a serious store of knowledge can lose their score.
Member Since Oct 22, 2019   41 posts
Apr 29, 2020 at 08:34
Lorenzo343455 posted:
I will say more, even experienced traders possessing a serious store of knowledge can lose their score.
Right. Basically, one should know when to apply the knowledge at the right time.
Member Since Jul 19, 2020   34 posts
Aug 05, 2020 at 07:07
To trade in the forex market you need to have proper knowledge about the market. Without knowledge, you can not survive in the forex market. So, gather all knowledge about forex first to maek trade in the market.
Member Since Feb 22, 2011   4862 posts
Aug 05, 2020 at 07:25
You can actually start trading forex WITHOUT knowledge and gain some profits.
But it would be temporary and you run out of luck soon or later.
Then there is the hard stony road to vistory including lot of learning and discipline.
Going this way it helps you a lot to stay profitable long term.
Member Since Jul 27, 2020   102 posts
Aug 05, 2020 at 07:39
Definitely having proper knowledge about the forex trading and market can bring a huge change in your trading skill. It is very important to have the knowledge when it comes to that and without that, you would be having zero clue about your trading
Member Since Jul 20, 2020   232 posts
Aug 05, 2020 at 10:46
This is obvious that if your knowledge about forex is weak you can not make trade and can not make money. So knowledge is very essential for forex trading.
Member Since Jan 11, 2019   147 posts
Aug 06, 2020 at 08:33
I completely agree knowledge is very important. However, practicing your knowledge is also important. I believe whatever you read or learn practise the same on demo account for better understanding
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