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There is a proverb that practice

AliaDare
May 25 2021 at 14:58
788 Posts
RobSchiz posted:
AliaDare posted:
Yes, if I trade without practice, I can't trade. Practice can make me the perfect trader. So when I lose consistently I try to take out some time and do demo trading it helps to perfect my skills.
Practice on a demo account helps a trader to gain confidence and make proper decisions.
Yes, it is possible to develop skills by practicing the demo. Knowledge about many strategies is created.
UweMoench
May 28 2021 at 12:01
751 Posts
There is no alternative to practice. But to do practice, one needs some systematic approach. Just random demo trading does not help. Treat demo like live trading.
CocoChannel
May 29 2021 at 10:59
57 Posts
According to me, practice is the only key to profitable trading. Consistent practice and determination never lets a trader bear losses.
winifredbass
Jun 12 2021 at 10:54
20 Posts
Yes, this is very much true and following this proverb you can make a good amount of money. Proper knowledge comes with proper practice. Forex trading is all about using your skills and trading at the right places.
jonathandaniel
Jun 29 2021 at 08:15
53 Posts
Practicing in demo trading accounts will surely help the beginner traders understand the real market. And this proverb too fits for all the forex traders. More the practice, more the developments in skills.
spacexdragon
Jun 29 2021 at 09:15
8 Posts
Those that focus on practice and improving their skills will do much better than those just focused on making profit
Akasuki
Jun 29 2021 at 12:16
512 Posts
@spacexdragon Exactly. You are right. But unfortunately most people focus on making money without developing enough skills. That's why most traders are losing money.
Tremblay
Jul 01 2021 at 16:49
330 Posts
spacexdragon posted:
Those that focus on practice and improving their skills will do much better than those just focused on making profit
Yes. Practice makes a man perfect.
lilliemorris
Jul 05 2021 at 08:13
15 Posts
Of course yes. This proverb ‘practice makes a man perfect’ will fit perfectly for all the forex traders. How much they practice and learn will eventually reflect in their trade successes.
RobertFerrari
Oct 05 2021 at 19:25
381 Posts
lilliemorris posted:
Of course yes. This proverb ‘practice makes a man perfect’ will fit perfectly for all the forex traders. How much they practice and learn will eventually reflect in their trade successes.
Practicing helps a trader to reduce the risk probability.
LucasRogers
Oct 06 2021 at 19:22
14 Posts
Guess that practicing is one of the inevitable parts of trading activity, otherwise you just waste your time. Of course, there are some traders who prefer only theoretical approach to any kinds of activity and they believe that if they know all the theories, then it will be easy to handle practice, however it's not about trading at all. As far as I concerned, practicing brings traders much more experience than theory, but we shouldn't underestimate the role of theory in this case. I just want to tell that we shouldn't neglect both practicing and theory. Everything must be combined and stay in harmony. Something like that.
RobertFerrari
Nov 01 2021 at 18:50
381 Posts
We all know that practice makes a man perfect.
Akasuki
Nov 03 2021 at 10:48
512 Posts
Yes practice is important but most people price just for few months then jump into live trading without developing any trading and mindset strategy. That's why at the end they never learn.
garlicbread
Nov 03 2021 at 11:20
9 Posts
To be successful at Forex you need to practice for years and years and even then there can be months of drawdowns
skihav
Nov 03 2021 at 14:29
801 Posts
The role of practice can hardly be underestimated. This is really a very important aspect.
Akasuki
Nov 04 2021 at 13:40
512 Posts
@skihav There's no option to underestimate the role of practice in forex trading. No one can develop his own strategy without practice. Even to get familiar with an existing strategy one needs to practice.
SofieAndreasen
Dec 07 2021 at 22:35
759 Posts
There are plenty of options to practice forex trading. You can practice it in a demo account.
UweMoench
Dec 08 2021 at 13:27
751 Posts
Yes there is no alternative to practice when it comes learning. For learning practice is the key. But the practice should be done with required knowledge of trading.
LyudmilLukanov
Dec 09 2021 at 20:45
798 Posts
Practice is one of the most important things that can help you become better at forex trading.
kroxobor
Dec 23 2021 at 04:49
34 Posts
Sweat more in practice, bleed less in war. I think we all must remind ourselves of this, whenever we feel like jumping on to a strategy or a method or even a live account when we are still not very sure about our skills.
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