Knowing simply the basics won’t suffice. When I first created a demo account after doing a half-baked course on trading, I thought I had the ground covered and went live after a week on demo trading. Obviously i lost all my money. So no, only basic knowledge will not do.
Polishing, or “shining” of skills is so important.
Backtesting is important.
Consistent rework on trading plans is important.
Because when I restarted my trading career with the same broker and the same platform, but with a different approach, I saw profits.
So there’s no room for complacency in trading, practice and practice more!