For being a good trader you do not need to be an expert in math. Basics knowledge of math will do the work. Learnt to read the market. Observe charts as much as possible. Do demo practice and apply what you are learning. Learn by doing experiments. Have a learning attitudes. You have to spend a lot of time in learning.
Dec 14 2020 at 13:13
Why do we need the basic knowledge of math in trading like what?
There is no denying the fact that with mathematical talent and inclinations, it is easier for you to figure out your strategies.
Forex trading requires a whole arsenal of tools and skills. To get started, you need a computer and internet. It is important to choose a broker and trading instrument for which you have the best knowledge. It is important to constantly self-develop. Learn self-control. Develop your trading system and stick to it.
Dec 23 2020 at 10:35
It is important to be able to analyse and read charts and trends. Basic math will do.
I guess you are implying that formulaes and calculation that are used in forex trading, which is useful but rather has very importance since the platform has already in built calculator that allows you to see profit or loss in each trade.
That’s right. A basic knowledge of mathematics is all a trader needs to understand the technical part of trading. Rest is all learning and skills.
reggae posted:
I guess you are implying that formulaes and calculation that are used in forex trading, which is useful but rather has very importance since the platform has already in built calculator that allows you to see profit or loss in each trade.
You could consider the basic mathematics, that is, addition and subtraction which basically apply in forex trading, no?
Yes and no.
It all depends on the complexity of the chosen strategy and generally a lot of individual parameters.
It all depends on the complexity of the chosen strategy and generally a lot of individual parameters.
Jan 19 at 14:28
There are a lot of free calculators out there now that can calculate everything for you.
