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Acquiring knowledge is basic
Mitglied seit Jul 26, 2021
26 Posts
Aug 06, 2021 at 11:44
I would make a clarification.
The relevance and reliability of information is also important. Learn from the best, communicate with traders who have achieved a stable result.
Read the basics of trading, but don't read "The Strategy That Will Make You Rich After One Trading Day". Most likely there is nothing to read.
Study other traders' trading to understand their specifics and feel free to ask questions, that costs nothing
The relevance and reliability of information is also important. Learn from the best, communicate with traders who have achieved a stable result.
Read the basics of trading, but don't read "The Strategy That Will Make You Rich After One Trading Day". Most likely there is nothing to read.
Study other traders' trading to understand their specifics and feel free to ask questions, that costs nothing
Mitglied seit May 27, 2021
56 Posts
Aug 07, 2021 at 09:39
LesleyLesley posted:
I would make a clarification.
The relevance and reliability of information is also important. Learn from the best, communicate with traders who have achieved a stable result.
Read the basics of trading, but don't read "The Strategy That Will Make You Rich After One Trading Day". Most likely there is nothing to read.
Study other traders' trading to understand their specifics and feel free to ask questions, that costs nothing
Yeah buddy. I have also read this book and it's not that helpful.
I used to watch youtube videos of traders showing their trades and strategies. This has helped me in formulating my own strategy by learning the basis of other traders' strategies.
Mitglied seit Jun 12, 2021
132 Posts
Aug 09, 2021 at 07:13
knowledge acquiring is important but it can be useless if you dont have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
Mitglied seit Sep 12, 2017
232 Posts
Aug 09, 2021 at 12:48
knowledge can only be acquired by practising or being in touch with the market on daily basis.
Aug 10, 2021 at 06:39
AndrewMcCalam54 posted:
knowledge acquiring is important but it can be useless if you dont have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
I believe both the things are important. Having a genuine broker by your side enhances and leads to better results however, a good broker is nothing if you lack trading updates
The more your practice, the more you learn.
Mitglied seit Aug 10, 2021
172 Posts
Aug 11, 2021 at 01:00
Forex trading is a simple and easy way of earning. If you want to achieve success in forex you must gain some knowledge and experience in forex. Always do hard work and never hesitate to learn new things about forex trading.
Aug 11, 2021 at 06:12
VictorAxel posted:
Without a good knowledge base, there's no fun is trading actually. We have to try to gather information at every phase if we want to succeed as a trader.
Actually there is no fun in trading with limited knowledge, always expand your knowledge base in trading, try to learn new things, you will definitely get success in trading.
Mitglied seit Jun 26, 2020
323 Posts
Aug 11, 2021 at 06:12
Maximum traders in Forex like to trade with high leverage for making profit instantly. But traders who make profit consistency , I don’t think they use high leverage. They way I see it. High leverage gives us the benefits not to worry about margin requirements and one less thing to focus on. Abusing leverage can be costly for traders.
Mitglied seit Mar 17, 2021
494 Posts
Aug 11, 2021 at 07:57
Tradelist45 posted:
Maximum traders in Forex like to trade with high leverage for making profit instantly. But traders who make profit consistency , I don’t think they use high leverage. They way I see it. High leverage gives us the benefits not to worry about margin requirements and one less thing to focus on. Abusing leverage can be costly for traders.
I think high leverage can put you in great danger if you don't have proper knowledge.
Mitglied seit Jul 26, 2021
26 Posts
Aug 17, 2021 at 11:14
CocoChannel posted:LesleyLesley posted:
I would make a clarification.
The relevance and reliability of information is also important. Learn from the best, communicate with traders who have achieved a stable result.
Read the basics of trading, but don't read "The Strategy That Will Make You Rich After One Trading Day". Most likely there is nothing to read.
Study other traders' trading to understand their specifics and feel free to ask questions, that costs nothing
Yeah buddy. I have also read this book and it's not that helpful.
I used to watch youtube videos of traders showing their trades and strategies. This has helped me in formulating my own strategy by learning the basis of other traders' strategies.
Yes, it's good that you remembered the youtube content. It is really much easier to receive information there, while there are many bloggers who make it easy to explain complex concepts.
Mitglied seit Mar 16, 2021
447 Posts
Aug 17, 2021 at 13:19
Williamfreed posted:
Forex trading is a simple and easy way of earning. If you want to achieve success in forex you must gain some knowledge and experience in forex. Always do hard work and never hesitate to learn new things about forex trading.
Good point, you have to make a profit on forex trading education. If knowledge and skills cannot be developed, it will be difficult to make a profit.
Mitglied seit Nov 03, 2020
63 Posts
Aug 23, 2021 at 07:35
There are a lot of new terminology in the forex field that you have not met before, and without understanding them it will be difficult to trade.
Mitglied seit Apr 09, 2019
516 Posts
Aug 23, 2021 at 09:53
Knowledge is one thing but being able to apply that knowledge is crucial as it would be with something like medicine. And just like a career like medicine, it doesn't come without time.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Aug 17, 2021
9 Posts
Aug 24, 2021 at 11:22
that is true but I think that practical experience is more important with forex. Learn the basics then sit at the charts every day following markets, observing and that will teach you how it really works
