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importance of skills

Akasuki
Aug 01 2021 at 15:15
posts 617
@Killerbee12 Yes I agree with you. No skills no profit in forex trading. No matter how years a person is involved in trading, if he can't have proper skills, he will still lose money.
UweMoench
Aug 01 2021 at 16:25
posts 751
Yes it is not necessary skills that maater. Many people waste years by doing unproductives things.
Marcel Durham (MarcellusLux)
Aug 02 2021 at 11:26
posts 199
The more you get skills in trading and finance, knowledge and subtleties you learn, the easier it will be for you to understand any instrument or market. You will be able to readjust to trade any instrument and in almost any market situation.
islandrock
Aug 02 2021 at 11:37
posts 8
UweMoench posted:
Yes it is not necessary skills that maater. Many people waste years by doing unproductives things.

yes it is important to have the correct skills and not waste time strategies and information that do not work
Tradelist45
Aug 03 2021 at 07:29
posts 298
going live trading from practice account is scaring and wonderful experience for all kinds of trader , i skip demo account so live trading was difficult to me. emotions works mostly when trading live from demo.
Reece Rispoli (reece22)
Aug 03 2021 at 11:27
posts 70
what most experienced traders wont tell you is they still use demo accounts, this is because some days they like to practice and not worth it on a live account
CatWalker
Aug 03 2021 at 12:14
posts 9
reece22 posted:
what most experienced traders wont tell you is they still use demo accounts, this is because some days they like to practice and not worth it on a live account
#That is interesting but It makes sense now you point it out. That makes me feel better about using demo now
Akasuki
Aug 03 2021 at 16:06
posts 617
@reece22 Yes you are right. Experienced and successful traders always do experiments on demo to keep up with the changing market, as market doesn't behave same all the time.
Brocomos
Aug 11 2021 at 19:05
posts 11
There is a positive correlation between the level of the skills and success in trading. The more skills you have, the better your trading results are. I doubt that there are any successful traders who are completely ignorant of economic and trading aspects and who base their decisions on gut-feeling.
Lee Baxter (bax699)
Aug 12 2021 at 17:57
posts 29
It is important to build up a certain amount of knowledge (skill) when looking to trade in the markets. Demo is obviously best for that for anything new you want to trial out.
notoriousfox1
Aug 13 2021 at 09:45
posts 9
Yes demo is the best way to learn and practice. If you really want to learn the skills you have to use demo
croisssan
Aug 13 2021 at 12:27
posts 939
For a trader, the level of knowledge and experience plays one of the key roles. Without this, it is generally impossible to get a positive work result.
Jim_B
Aug 14 2021 at 22:57
posts 24
Getting the skills takes lots of time and practice and a lot of people don’t want to put it in. Personally I think the best way to do it is to trade on small accounts rather than demo so you can get a feel for trading with real money.
WaltonCharles
Aug 15 2021 at 07:37
posts 144
notoriousfox1 posted:
Yes demo is the best way to learn and practice. If you really want to learn the skills you have to use demo
A demo is the best way to learn forex properly.
croisssan
Aug 15 2021 at 07:53
posts 939
Without experience in this industry, there is essentially nothing to do. This can lead to at least losses, and maybe even worse.
Sar John (Sarjohn)
Aug 16 2021 at 07:50
posts 187
croisssan posted:
For a trader, the level of knowledge and experience plays one of the key roles. Without this, it is generally impossible to get a positive work result.
Also, if you have no trading plan, no trading strategy and you are just randomly trading then you can not make profit in trading.
imasal2020
Aug 16 2021 at 08:33
posts 1
I think Real account will help you feel more realistic in trading psychology.
BalPaper
Aug 25 2021 at 19:33
posts 16
I'm personally convinced that in trading activity a trader must have a harmony. So, I mean that skills, knowledge and experience must be in harmony. If you have all of these features and you understand that every feature matters a lot, you will be successful. Skills do mean nthing in case of lack of knowledge or experience. The same thing also is with experience. Experience matters nothing in case of lack of knowledge and skills, thus we have to strive to this harmony and develop these features evenly. Only in case of such approach traders can hope on success in trading activity, and actually not only in this activity.
UweMoench
Aug 26 2021 at 12:49
posts 751
@BalPaper Yes I agree with you. Skills, experience and knowledge should be in harmony. Along with this, a trader's profit expectation should match with his skills and experience.
croisssan
Aug 26 2021 at 13:30
posts 939
I think these are really the most important aspects for a trader. This is the only way traders have a chance to get a positive result.
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