Is math important for trading?

Dec 13, 2020 at 11:33
Vistas 2,334
40 Replies
Miembro desde Jul 19, 2020   posts 751
Dec 13, 2020 at 11:33
For being a good trader you do not need to be an expert in math. Basics knowledge of math will do the work. Learnt to read the market. Observe charts as much as possible. Do demo practice and apply what you are learning. Learn by doing experiments. Have a learning attitudes. You have to spend a lot of time in learning.
Miembro desde Jul 23, 2020   posts 759
Dec 14, 2020 at 13:13
Why do we need the basic knowledge of math in trading like what?
Miembro desde Nov 02, 2020   posts 57
Dec 15, 2020 at 14:26
There is no denying the fact that with mathematical talent and inclinations, it is easier for you to figure out your strategies.
Miembro desde May 11, 2020   posts 74
Dec 23, 2020 at 11:18
I guess you are implying that formulaes and calculation that are used in forex trading, which is useful but rather has very importance since the platform has already in built calculator that allows you to see profit or loss in each trade.
Miembro desde Nov 20, 2020   posts 17
Jan 18, 2021 at 04:06
That’s right. A basic knowledge of mathematics is all a trader needs to understand the technical part of trading. Rest is all learning and skills.
Miembro desde Jun 01, 2020   posts 55
Jan 18, 2021 at 10:52
reggae posted:
I guess you are implying that formulaes and calculation that are used in forex trading, which is useful but rather has very importance since the platform has already in built calculator that allows you to see profit or loss in each trade.
You could consider the basic mathematics, that is, addition and subtraction which basically apply in forex trading, no?
Miembro desde Dec 06, 2019   posts 19
Jan 19, 2021 at 14:20
Yes and no.
It all depends on the complexity of the chosen strategy and generally a lot of individual parameters.
Miembro desde Dec 25, 2019   posts 20
Jan 19, 2021 at 14:28
There are a lot of free calculators out there now that can calculate everything for you.
Miembro desde Oct 01, 2020   posts 13
Jan 19, 2021 at 14:39
Well, you certainly don't have to be a PhD, but you do have to assess the risk of each order and the necessary investment, the size of the spread, etc. And all of this is the real math.
Miembro desde Oct 07, 2016   posts 52
Feb 13, 2021 at 12:36
For money management and especially in risk magement, Math is really important and necessary.
If you want to manage your money and long&term risk to obtain long&short term success, Math & Stat
should be best friend for you and your system, I think.
asiscrus.muratyazici@
Miembro desde Jan 21, 2021   posts 48
Feb 20, 2021 at 09:23
Yes, basic math is important if you enter in trading because traders need research and analytical skills to monitor economic factors and chart patterns that impact financial markets. Math & Statistics can be your best friend for efficient trading.
Miembro desde Aug 11, 2017   posts 886
Feb 21, 2021 at 04:54
learning keep a good importance, we all agree ,
 besides this practice needed if anyone want to make sure good result from trading ,
Miembro desde Jul 19, 2020   posts 298
Feb 21, 2021 at 11:59
Getting a good education about Forex is very necessary and important. If you have good knowledge about trading forex you can be a successful trader. There are many places are available on the internet where you can get good learning material and can start your forex career after getting good knowledge.
Miembro desde Oct 23, 2018   posts 29
Feb 21, 2021 at 14:43
Basic maths is all that you need really
Miembro desde Jul 23, 2020   posts 869
Feb 21, 2021 at 17:41
bax699 posted:
Basic maths is all that you need really
True. Traders don’t need any advance math for trading.
Miembro desde Dec 28, 2020   posts 187
Feb 25, 2021 at 08:54
Basic math is required for trading so that you can have an exact idea of your profit and loss. And if you are pro in mathematics you can learn and do technical analysis by yourself also.
Miembro desde Oct 16, 2020   posts 137
Mar 06, 2021 at 07:50
Basic Maths will make it easier to analyse the charts. No need of any advanced skills in Maths.
Miembro desde Feb 08, 2019   posts 213
Sep 14, 2021 at 19:50
Yes, you need to understand percentages, multiplication and division as a bare minimum
Miembro desde Jul 31, 2019   posts 28
Sep 15, 2021 at 09:29
Ofcourse, the basics are important.
Miembro desde Jul 20, 2020   posts 399
Sep 17, 2021 at 06:56
Treeny posted:
Yes, you need to understand percentages, multiplication and division as a bare minimum

I agree with this and also probability and understanding that it is all a numbers game and the numbers need to play
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