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There is a proverb that practice
Jun 29, 2021 at 12:16
@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.
Mitglied seit Jun 16, 2021
15 Posts
Jul 05, 2021 at 08:13
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.
Mitglied seit Dec 18, 2019
14 Posts
Oct 06, 2021 at 19:22
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.
Mitglied seit Nov 03, 2021
9 Posts
Nov 03, 2021 at 11:20
To be successful at Forex you need to practice for years and years and even then there can be months of drawdowns
Mitglied seit Jul 23, 2020
696 Posts
Dec 07, 2021 at 22:35
There are plenty of options to practice forex trading. You can practice it in a demo account.
Mitglied seit Jul 23, 2020
816 Posts
Dec 09, 2021 at 20:45
Practice is one of the most important things that can help you become better at forex trading.
Dec 28, 2021 at 06:52
Not only in forex trading but this applies everywhere in life. Trading gets better with time and practice. There is no fixed strategy that will work every time. Developing a quality analysis takes time and it only comes with practice.
Mitglied seit Dec 05, 2020
76 Posts
Dec 28, 2021 at 07:16
Michihito posted:
practice makes a man perfect
This is why I constantly keep on practicing so that I can trade better in future.
Mitglied seit Apr 09, 2019
516 Posts
Dec 28, 2021 at 11:14
I think you could adapt it to something like "practice makes probable" in forex.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Mar 16, 2021
447 Posts
Dec 29, 2021 at 02:07
Nakedize posted:
Not only in forex trading but this applies everywhere in life. Trading gets better with time and practice. There is no fixed strategy that will work every time. Developing a quality analysis takes time and it only comes with practice.
The more time you spend on trading, the better the results. Practice and perseverance will take me further in trading.
Mitglied seit Oct 29, 2021
69 Posts
Dec 30, 2021 at 04:43
If a person performs a task regularly, the performance of the task would keep on increasing with time. Same is the case in forex trading. If a trader continuously practises trading, he/she will keep on getting better overall returns. This practice may be on a demo account or a live account.
Jan 28, 2022 at 03:58
I know some people who practised for years before starting the actual trading. After all this practice and looking at charts daily they gained enough experience to earn big profits. So, saying that practice makes trading perfect won’t be wrong at all.
Mitglied seit Jul 20, 2020
385 Posts
Jan 28, 2022 at 07:48
Actinism posted:
I know some people who practised for years before starting the actual trading. After all this practice and looking at charts daily they gained enough experience to earn big profits. So, saying that practice makes trading perfect won’t be wrong at all.
Practice is key as well for sure like honing any skill just have to work on the fundamentals like psychology and discipline too which only come in with live trading imo
Feb 01, 2022 at 08:22
The proverb is true to each word. Not only in forex but in every other field too, the proverb is applicable. New traders in forex often make mistakes but as they keep on learning, mistakes reduce and so does their loss. Practice is infact one of the most important things that can be done to succeed in forex.
Mitglied seit Apr 09, 2019
516 Posts
Feb 02, 2022 at 13:08
I still think the pursuit of perfection is a flawed one as I said but exposing yourself to the markets helps in so many ways.
If you can't spot the liquidity then you are the liquidity.
