importance of skills
Mitglied seit Jun 26, 2020
327 Posts
Aug 03, 2021 at 07:29
going live trading from practice account is scaring and wonderful experience for all kinds of trader , i skip demo account so live trading was difficult to me. emotions works mostly when trading live from demo.
Aug 03, 2021 at 12:14
reece22 posted:#That is interesting but It makes sense now you point it out. That makes me feel better about using demo now
what most experienced traders wont tell you is they still use demo accounts, this is because some days they like to practice and not worth it on a live account
Aug 11, 2021 at 19:05
There is a positive correlation between the level of the skills and success in trading. The more skills you have, the better your trading results are. I doubt that there are any successful traders who are completely ignorant of economic and trading aspects and who base their decisions on gut-feeling.
Mitglied seit Aug 04, 2021
9 Posts
Aug 13, 2021 at 09:45
Yes demo is the best way to learn and practice. If you really want to learn the skills you have to use demo
Aug 16, 2021 at 07:50
croisssan posted:Also, if you have no trading plan, no trading strategy and you are just randomly trading then you can not make profit in trading.
For a trader, the level of knowledge and experience plays one of the key roles. Without this, it is generally impossible to get a positive work result.
Mitglied seit Aug 16, 2021
1 Posts
Aug 16, 2021 at 08:33
I think Real account will help you feel more realistic in trading psychology.
Aug 25, 2021 at 19:33
I'm personally convinced that in trading activity a trader must have a harmony. So, I mean that skills, knowledge and experience must be in harmony. If you have all of these features and you understand that every feature matters a lot, you will be successful. Skills do mean nthing in case of lack of knowledge or experience. The same thing also is with experience. Experience matters nothing in case of lack of knowledge and skills, thus we have to strive to this harmony and develop these features evenly. Only in case of such approach traders can hope on success in trading activity, and actually not only in this activity.
Mitglied seit Jun 14, 2021
5 Posts
Aug 27, 2021 at 13:18
@UweMoench I agree that skills, experience and knowledge are important aspects of trading but I want to add another important element to it which is often underestimated, that is, self-control. It is very common for a trader to weigh down under his emotions and see his strategies failing miserably. A good trader must be able to control his emotions to succeed in trading.
Mitglied seit Mar 17, 2021
536 Posts
Aug 30, 2021 at 08:44
WaltonCharles posted:Yes. You are absolutely right.
Skills and experience are very much needed to make money from this market.
Mitglied seit May 10, 2019
27 Posts
Aug 31, 2021 at 12:25
The importance of skills in trading cannot be exaggerated. Trading without skills is a gambling which will lead to the total loss of the deposit. By skills I mean not only the skills to analyse the market, but also skills to manage your money and risks and also to control your psychological state. The most interesting thing is that you cannot just acquire some skills and stop improving yourself. You need to constantly developing your skills in order to catch up with the market which is constantly changing. If you don't change with it, you are sure to lose.
Mitglied seit Mar 17, 2021
536 Posts
Dec 26, 2021 at 07:22
Unellene posted:Yes. Proper knowledge is very important to survive in this market.
unfortunately, without developing your skills, you will not get much, and there will be no profit
Dec 26, 2021 at 09:14
croisssan posted:Knowledge development is very important. It is very important for the trader to gain knowledge about this subject.
Knowledge and experience in the process of work play a really important role. In my opinion, this is really the most important aspect.
Mitglied seit May 31, 2021
48 Posts
Dec 27, 2021 at 11:56
Yes absolutely correct! Keep practicing the moves on charts, it will help you in making the judgements strong.
