Money and skills

Dec 07, 2020 at 13:28
1,450 Angesehen
30 Replies
Mitglied seit Jul 19, 2020   751 Posts
Dec 07, 2020 at 13:28
Money and skills are the requirements for forex trading. Most people ignore skills. They don't study, they do not do any research. What they do is collect some ready-made strategies and check them on demo. By doing so they think they have learned. Trading is not that easy. Invest your time in learning (for newbie).
Mitglied seit Aug 26, 2020   78 Posts
Dec 08, 2020 at 07:45
It is really very difficult without skills, and many do not understand this, therefore they fail and get frustrated in trading.
Mitglied seit Oct 26, 2020   29 Posts
Dec 15, 2020 at 11:42
Money and skills are important but it is also essential to have some knowledge about trading and staying updated with the market conditions.
Mitglied seit Nov 02, 2020   57 Posts
Dec 15, 2020 at 14:15
It is necessary to take into account many factors in order for trading to be successful and, of course, be able to control everything and know how to work with it.
Mitglied seit Jul 23, 2020   869 Posts
May 08, 2021 at 16:08
Traders need the skill to earn money from forex trading. So, try to improve it through demo practice.
Mitglied seit Jul 23, 2020   759 Posts
May 09, 2021 at 17:51
Faujinn posted:
It is necessary to take into account many factors in order for trading to be successful and, of course, be able to control everything and know how to work with it.
I also agree. Skill is one of them to earn money from this market.
Mitglied seit Mar 16, 2021   477 Posts
May 10, 2021 at 00:46
You need money to trade and you need skills to make a profit. So it is not possible to trade without any of them.
Mitglied seit Mar 28, 2021   617 Posts
May 10, 2021 at 07:36
People want to know how much one can make by trading. There's not any exact answer to the question how much one can make. It's a risky business so that you might also lose all the money. Your earning will depends upon how much abilities you've got. No skills No money.
Mitglied seit Dec 28, 2020   187 Posts
May 18, 2021 at 11:42
LukeRachel posted:
You need money to trade and you need skills to make a profit. So it is not possible to trade without any of them.
Yes, without money and skills forex trading is a waste of time.
Mitglied seit Oct 14, 2020   4 Posts
May 18, 2021 at 12:54
Akasuki posted:
People want to know how much one can make by trading. There's not any exact answer to the question how much one can make. It's a risky business so that you might also lose all the money. Your earning will depends upon how much abilities you've got. No skills No money.

Both are required. But forex always pays off, one way or another. And 'the good horse can be seen in the distance'.
Mitglied seit Sep 12, 2017   238 Posts
May 18, 2021 at 13:12
No doubt once needs money to start trading. But without theb learning skills it can all be waste
Mitglied seit Jul 19, 2020   788 Posts
May 18, 2021 at 16:33
Having trading skills and money is very important. Because if I don't complete these two things, I can't survive in trading.
Mitglied seit Apr 01, 2020   231 Posts
May 19, 2021 at 00:35
Money and skills both are necessary to trade. If you have no skills but have the money you can never be a successful trader. Always learn forex and develop skills to make good money in trading.
Mitglied seit Mar 16, 2021   477 Posts
May 19, 2021 at 00:36
Sarjohn posted:
LukeRachel posted:
You need money to trade and you need skills to make a profit. So it is not possible to trade without any of them.
Yes, without money and skills forex trading is a waste of time.
Thank you so much for agreeing with me. It is impossible to survive in trading without money and skills.
Mitglied seit Apr 03, 2021   470 Posts
May 19, 2021 at 23:31
Yes, both have correlation, without money skill will useless because how to start trading need money as capital, but if have money still possible to make money although no skill trading, the one way s looking best account manager like as PAMM or copy trading, but the problem is how to find a profitable manager or leader copy trading.
Mitglied seit Apr 03, 2021   470 Posts
Sep 15, 2021 at 00:05
How to start trading as trader needs money as capital, they must deposit funds in account trading to start, and skill is very important to manage money in account trading, without good skill hence will so hard to making money in forex trading and this is need l0ong time experience in the learning process to become a profitable trader.
Mitglied seit Jun 14, 2021   53 Posts
Sep 16, 2021 at 09:50
When it comes to forex trading, both money and skills are necessary. Without money, you cannot start trading in the forex market. As a matter of fact, you cannot trade anywhere if you don’t have capital money. And when talking about skills, you can’t perform trading effectively if you don’t have good skills in strategizing or trading as a whole.
Mitglied seit May 31, 2021   35 Posts
Sep 16, 2021 at 09:59
marindateal posted:
When it comes to forex trading, both money and skills are necessary. Without money, you cannot start trading in the forex market. As a matter of fact, you cannot trade anywhere if you don’t have capital money. And when talking about skills, you can’t perform trading effectively if you don’t have good skills in strategizing or trading as a whole.
I agree with you, both money and skills are equally important in forex trading, skills are important to make your trading effective and money should be invested at the right place and at right time.
Mitglied seit Dec 28, 2019   18 Posts
Sep 21, 2021 at 20:35
Money and skills are of utmost importance for a trader to be successful on the market. If you don't have the skills, you are sure to lose the money, if you have the skills but don't have the money (ot have very small sum) you will hardly earn anything. One more thing which is important is psychology. I wouldn't call it a skill because it is more like a mindset. It influences this way: a person who knows how to trade perfectly well and they also have enough money to earn some decent profits but he is prone to be affected by his emotions which will definetely lead him to the absolute loss. So, psychological factor shouldn't be underestimated.
Mitglied seit Jul 19, 2020   788 Posts
Sep 22, 2021 at 01:10
Of course, these two are very important in the Forex market. Without which trading cannot be done. It is possible to make a profit in trading if you have money and skills.
Anmelden / Registrieren to comment
You must be connected to Myfxbook in order to leave a comment
*Kommerzielle Nutzung und Spam werden nicht toleriert und können zur Kündigung des Kontos führen.
Tipp: Wenn Sie ein Bild/eine Youtube-Url posten, wird diese automatisch in Ihren Beitrag eingebettet!
Tipp: Tippen Sie das @-Zeichen ein, um einen an dieser Diskussion teilnehmenden Benutzernamen automatisch zu vervollständigen.