Feb 17 2021 at 09:53
caringloriana posted:You are totally correct. You should be having knowledge about at least those places where you have invested your money.Davidtaylorr posted:I agree that practically doing things gives you better understanding of the things but for that also you need to have at least some knowledge about the forex market. I have also demo traded initially to learn how trading is done through Turnkeyforex and eToro but for that also I did my research first. Maybe that is the reason why I am able to make good profits.caringloriana posted:Yes, but some new traders don't think that way. Some feel that they’ll learn about the market while trading onlyforextrader777 posted:Earning through forex is easy and fast but it can be risky too if a trader won’t be having any prior knowledge about that.
I agree that you can make a lot of money via forex trading. But never ever jump into trading without in-depth knowledge of the forex market.
Davidtaylorr posted:Yes. minimum knowledge is needed to trade in this market.caringloriana posted:You are totally correct. You should be having knowledge about at least those places where you have invested your money.Davidtaylorr posted:I agree that practically doing things gives you better understanding of the things but for that also you need to have at least some knowledge about the forex market. I have also demo traded initially to learn how trading is done through Turnkeyforex and eToro but for that also I did my research first. Maybe that is the reason why I am able to make good profits.caringloriana posted:Yes, but some new traders don't think that way. Some feel that they’ll learn about the market while trading onlyforextrader777 posted:Earning through forex is easy and fast but it can be risky too if a trader won’t be having any prior knowledge about that.
I agree that you can make a lot of money via forex trading. But never ever jump into trading without in-depth knowledge of the forex market.
I think that without knowledge of any in any occupation it will be difficult, so it's not even worth discussing this aspect
It’s true many traders only spend a few hours and still earn more than the ones who keep themselves glued to their screens all day long. It’s not about how much time you spent trading but how well you utilize that time. Whatever time you spare for trading, you should do your homework and know how the market behaves during those hours, which currencies are more profitable to trade, etc.
Nov 19 2021 at 04:54
Along with utilizing time, you should be with some strategies which will help you to come up with new ideas to trade in forex.
Nov 19 2021 at 05:02
pipham posted:Foreign Exchange markets is are markets in which foreign currency is traded for domestic currency. The exchange rate is the price of foreign currency. It is extremely difficult to predict the short-run direction of exchange rates. Economists often view changes in exchange rates as following a random walk, which means that a future increase is as likely as a decrease.
It’s true many traders only spend a few hours and still earn more than the ones who keep themselves glued to their screens all day long. It’s not about how much time you spent trading but how well you utilize that time. Whatever time you spare for trading, you should do your homework and know how the market behaves during those hours, which currencies are more profitable to trade, etc.
@AlanSolarsh Only trading is strategy is not enough to be successful in forex market. Trading is 90% psychological. Our decision gets influenced by our emotions. We need to learn how to control those emotions.
@Akasuki Yes you are right. Strategy is not everything though many traders think strategy is everything. Strategy is one of the important things but not everything. There are more things in trading.
Nov 21 2021 at 18:37
UweMoench posted:Beside strategy you need proper knowledge to use it.
@Akasuki Yes you are right. Strategy is not everything though many traders think strategy is everything. Strategy is one of the important things but not everything. There are more things in trading.
Nov 30 2021 at 05:47
Trading requires time but that can not be specified as it depends on trader to trader and their trading style. But some things are common like patience and dedication to learning, no matter what style of trading you are following.
@blancheklein Yes learning trading needs a lot of time. But it varies from person to person. As everyone has different level of understanding power. We should follow according to our strength.
The main thing that a trader shouldn't do is to be too emotional. This is really something to look out for.
If you have proper knowledge about it, forex trading is a simple process. You need sound knowledge to trade in the market properly. This will give you the confidence to go on and, more importantly, will enable you to achieve success more quickly.
Dec 05 2021 at 08:24
shortant posted:Without the proper knowledge, A trader may lose all his investment in this risky market.
If you have proper knowledge about it, forex trading is a simple process. You need sound knowledge to trade in the market properly. This will give you the confidence to go on and, more importantly, will enable you to achieve success more quickly.
It is easier to find what a trader needs to trade. In this case, the list will be much more extensive.
Dec 07 2021 at 17:28
Anyone can trade in the forex if they have researched a lot about it and are aware of the risks involved.
Dec 08 2021 at 18:10
LyudmilLukanov posted:Proper research is very necessary to make a good trading career.
Anyone can trade in the forex if they have researched a lot about it and are aware of the risks involved.
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