There is a proverb that practice
Členem od Sep 10, 2021
20 příspěvků
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.
Členem od Jan 11, 2022
45 příspěvků
May 03, 2022 at 05:48
Practice gives the trader experience which helps in refining the trading skills.
Členem od Mar 24, 2022
56 příspěvků
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.
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.
Členem od Apr 14, 2022
35 příspěvků
May 05, 2022 at 04:14
Practice, indeed, makes a trader perfect. And this is what’s gonna help in the longer run.
Členem od Apr 18, 2022
51 příspěvků
May 07, 2022 at 10:31
“Markets go up the stairs and down the elevator.”
'Practice without improvement is meaningless.
'Practice without improvement is meaningless.
Členem od Jan 18, 2022
48 příspěvků
May 09, 2022 at 05:11
This proverb totally applies to forex trading. You cannot be successful without practice, and you cannot possibly take shortcuts and not put in effort when it comes to this.
Členem od Jan 05, 2022
8 příspěvků
May 09, 2022 at 14:52
Practice only makes perfect if you are practicing the right thing. If you learn bad habits and strategies you will still lose
Členem od Mar 22, 2022
25 příspěvků
Jun 27, 2022 at 04:26
The proverb is definitely apt for forex trading. In forex no amount of practice can take a trader to perfection as the market is highly volatile and changing. Still they can reach their full potential through continuous learning and practice. Forex trading is a risky venture and requires lots of hard work on the trader’s part.
Členem od Apr 18, 2019
30 příspěvků
Aug 14, 2022 at 16:38
indubitably. no practice - no success, it was tested by many traders who were theoretical geeks but when they were asked to open the platform and start trading, they did nothing just dumping their funds. it's so silly. i would even state that practicing prevails over the learning, as the learning gives traders only the understanding of how the market works, but the real success comes with the practicing and the more you practice, the more benefits you receive. SIMPLE.
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