Money and skills

Dec 07, 2020 at 13:28
1,483 Angesehen
30 Replies
Mitglied seit May 24, 2021   11 Posts
Sep 22, 2021 at 16:21
Skills and knowledge are important, but why don't acquire them during analysing some trading strategies. I mean that, perhaps, it is a good way to learn forex by trying to implement and understand different trading strategies. Some of them don't work and some of them work pretty well. And if you analyse the reasons for their failures or success, you can learn much. Surely, just mocking those strategies will never give you any knowledge or understanding and if there is some unordinary financial situation, you'll be at a loss and lose your money.
Mitglied seit Apr 03, 2021   470 Posts
Sep 23, 2021 at 00:34
Trading need money and skill, if the trader has money but not skills, actually they still can make effort with investing in PAMM project, looking prospect fund manager and invest then waiting fund manager working, this is a good way to invest, but of course, the trader needs to understand, previous performance may be changes at any time, the risk always involved in forex.
Mitglied seit Mar 16, 2021   477 Posts
Sep 23, 2021 at 02:00
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.
That's right, trading is never possible without money and skills. And when I can manage these things, I have to work with patience.
Mitglied seit Jul 31, 2019   28 Posts
Sep 23, 2021 at 05:16
Auginn posted:
Skills and knowledge are important, but why don't acquire them during analysing some trading strategies. I mean that, perhaps, it is a good way to learn forex by trying to implement and understand different trading strategies. Some of them don't work and some of them work pretty well. And if you analyse the reasons for their failures or success, you can learn much. Surely, just mocking those strategies will never give you any knowledge or understanding and if there is some unordinary financial situation, you'll be at a loss and lose your money.
Absolutely true buddy!
Mitglied seit Jul 27, 2021   20 Posts
Sep 24, 2021 at 09:28
Investing in training does not always mean investing money. It is also an investment of time. So, the more time you spend on self-development, the less time you will spend on achieving your best result.
Mitglied seit Sep 15, 2021   9 Posts
Sep 24, 2021 at 11:24
So true. Learning is more about time than money. You need time to learn the material and then time to implement what you have learned.
Mitglied seit Mar 16, 2021   477 Posts
Oct 05, 2021 at 01:38
pigeontrader posted:
So true. Learning is more about time than money. You need time to learn the material and then time to implement what you have learned.
Money and education are very important for trading. A trader can gain success through this.
Mitglied seit Mar 17, 2021   536 Posts
Jan 07, 2022 at 06:45
LukeRachel posted:
pigeontrader posted:
So true. Learning is more about time than money. You need time to learn the material and then time to implement what you have learned.
Money and education are very important for trading. A trader can gain success through this.
Yes. To become successful in this market, you need proper knowledge and education.
Mitglied seit Mar 16, 2021   477 Posts
Jan 08, 2022 at 02:21
SteveHanks posted:
LukeRachel posted:
pigeontrader posted:
So true. Learning is more about time than money. You need time to learn the material and then time to implement what you have learned.
Money and education are very important for trading. A trader can gain success through this.
Yes. To become successful in this market, you need proper knowledge and education.
To be successful in any subject, you need to know the whole thing. Otherwise it is not possible to make money from there.
Mitglied seit Aug 05, 2021   401 Posts
Jan 10, 2022 at 15:38
I feel like a lot of beginners want to skip over the beginning steps, like practicing on demo, putting effort into their education and go straight to live trading with consistent profits. Sadly, there are a lot of steps in between that you can't just skip over or else it just isn't going to work out.
Mitglied seit Nov 06, 2018   83 Posts
Jan 11, 2022 at 13:46
UweMoench posted:
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).
You can have all the money in the world, if you can't trade or don't have a strategy - you will lose money. So trade demo until confident.
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