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importance of skills

deanetellez
Aug 27 at 13:18
5 Posts
@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.

WaltonCharles
Aug 29 at 20:27
128 Posts
Skills and experience are very much needed to make money from this market.

SteveHanks
Aug 30 at 08:44
357 Posts
WaltonCharles posted:
Skills and experience are very much needed to make money from this market.

Yes. You are absolutely right.

Unellene
Aug 30 at 16:23
238 Posts
From personal experience, I can say this - there is nothing to do without training and skills in Forex, you cannot hope for blind luck

UweMoench
Aug 31 at 10:05
589 Posts
@Unellene Yes luck can work for once, or twice many be one more time but it does not work all the time.. You need necessary skills and knowledge.

Anayallador
Aug 31 at 12:25
23 Posts
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.

Unellene
Aug 31 at 13:41
238 Posts
that's exactly what it works only once, but many hope purely for luck, this is more of a beginner's attitude

RobertFerrari
Sep 02 at 07:04
110 Posts
Unellene posted:
From personal experience, I can say this - there is nothing to do without training and skills in Forex, you cannot hope for blind luck

Yes. You are absolutely right.

RobSchiz
Sep 02 at 21:16
354 Posts
Unellene posted:
that's exactly what it works only once, but many hope purely for luck, this is more of a beginner's attitude

every new trader should gather proper knowledge.

Unellene
Sep 04 at 16:04
238 Posts
skills are important everywhere, in any of your activities, people without them can achieve little in any occupation

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