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Is math important for trading?

UweMoench
Dec 13 2020 at 11:33
posts 737
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.

SofieAndreasen
Dec 14 2020 at 13:13
posts 734
Why do we need the basic knowledge of math in trading like what?

Faujinn
Dec 15 2020 at 14:26
posts 57
There is no denying the fact that with mathematical talent and inclinations, it is easier for you to figure out your strategies.

Agazon
Dec 16 2020 at 11:18
posts 8
Forex trading requires a whole arsenal of tools and skills. To get started, you need a computer and internet. It is important to choose a broker and trading instrument for which you have the best knowledge. It is important to constantly self-develop. Learn self-control. Develop your trading system and stick to it.

donelderly
Dec 23 2020 at 10:35
posts 22
It is important to be able to analyse and read charts and trends. Basic math will do.

reggae
Dec 23 2020 at 11:18
posts 65
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.

winklebew
Jan 18 2021 at 04:06
posts 17
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.

Suarez
Jan 18 2021 at 10:52
posts 55
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?

Ninjan
Jan 19 2021 at 14:20
posts 17
Yes and no.
It all depends on the complexity of the chosen strategy and generally a lot of individual parameters.

Thorgaswyn
Jan 19 2021 at 14:28
posts 19
There are a lot of free calculators out there now that can calculate everything for you.

Shardie
Jan 19 2021 at 14:39
posts 10
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.

KnowFinance
Jan 20 2021 at 05:16
posts 85
A basic maths knowledge is sufficient. For trading one must be focused, determined, critical thinker, and should possess analytical & research skills.

Murat YAZICI (muratyazici)
Feb 13 2021 at 12:36
posts 23
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.

MichaelEX
Feb 20 2021 at 09:23
posts 48
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.

Mohammadi
Feb 21 2021 at 04:54
posts 886
learning keep a good importance, we all agree ,
 besides this practice needed if anyone want to make sure good result from trading ,

Roberto21
Feb 21 2021 at 05:22
posts 364
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.

Michihito
Feb 21 2021 at 11:59
posts 298
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.

Lee Baxter (bax699)
Feb 21 2021 at 14:43
posts 28
Basic maths is all that you need really

LyudmilLukanov
Feb 21 2021 at 17:41
posts 733
bax699 posted:
Basic maths is all that you need really

True. Traders don’t need any advance math for trading.

Sar John (Sarjohn)
Feb 25 2021 at 08:54
posts 187
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.

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