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.
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.
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.
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.
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
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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