Basics knowledge is not enough
Mitglied seit Nov 23, 2021
24 Posts
Dec 01, 2021 at 06:56
Indeed!Forex fundamentals are not difficult to grasp, but creating a trading strategy is. The market is well-known for its unprecedented and risky nature. In order to minimize risk in future trades, traders need to conduct proper technical and fundamental analysis, which comes with experience and time.
Mitglied seit Jul 23, 2020
869 Posts
Dec 05, 2021 at 19:51
You can trade in Forex without sufficient knowledge, but the price is that your trading account will be blown away.
Mitglied seit Nov 20, 2021
19 Posts
Dec 06, 2021 at 07:14
LyudmilLukanov posted:
You can trade in Forex without sufficient knowledge, but the price is that your trading account will be blown away.
Haha, true, only results will tell the amount of knowledge someone has.
Mitglied seit Mar 17, 2021
536 Posts
Dec 06, 2021 at 18:42
skihav posted:Totally agree with you. Most traders lose their money because of their low knowledge.
In fact, basic knowledge for a trader is a very important aspect. Without this, it is quite difficult to achieve a positive result.
Mitglied seit Jul 20, 2020
399 Posts
Dec 07, 2021 at 14:58
I think that could of been worded better, as you can success with a basic strategy BUT you need to have the experience of handling losses, of handling winners and letting them run. Trust your risk management and confirming you have an edge. Some of these arent 'knowledge' per say but are vital in being successful
Mitglied seit Sep 06, 2021
9 Posts
Dec 07, 2021 at 16:21
yes experience is a type of knowledge but not something you can learn in books, it must be earned through time spent
Dec 08, 2021 at 05:10
@romanholiday Experience is very important when ot comes to trading. Experience comes from knowledge and skills. It's a long term process.
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