@croisssan In forex trading knowledge is very important. But it is also important to have the ability to implement the knowledge one has.
@Akasuki Yes knowledge becomes effective or powerful when it is applied properly. Without proper use of knowledge, making money in trading is not possible.
I believe that the best option for getting basic knowledge is the demo mode. This is how I was able to get the minimum experience with a broker, which was useful to me in the future.
@croisssan Yes demo account is important to get familiar with basic trading ideas. Demo is also helpful to test different strategy to find out the winning percentage.
Akasuki posted:I agree with you. A demo is the best place to learn forex.
@croisssan Yes demo account is important to get familiar with basic trading ideas. Demo is also helpful to test different strategy to find out the winning percentage.
It should be understood that without knowledge in this industry, a trader has really little chance of making a profit.
Aug 23 2021 at 07:35
There are a lot of new terminology in the forex field that you have not met before, and without understanding them it will be difficult to trade.
Knowledge is one thing but being able to apply that knowledge is crucial as it would be with something like medicine. And just like a career like medicine, it doesn't come without time.
If you can't spot the liquidity then you are the liquidity.
Aug 24 2021 at 11:22
that is true but I think that practical experience is more important with forex. Learn the basics then sit at the charts every day following markets, observing and that will teach you how it really works
In general, trading in this industry without knowledge has only one outcome - losses.
@croisssan Yes without knowledge and skills, one cam only have loss in trading. To make profit, one has to learn how to trade to make money.
@Akasuki Yes you are right. Without knowledge and skills, we have make money in profit. Along with knowledge and skills we also need a sound mind.
it is really important to learn, especially if you want to make a profit in trading, this is the basic feature of all work
Akasuki posted:Knowledge and skills are the basic elements of this market.
@croisssan Yes without knowledge and skills, one cam only have loss in trading. To make profit, one has to learn how to trade to make money.
Knowledge in trading plays a really important role. Without this, it is simply impossible to get a positive result, and this must be understood.
well, everything is correct, because if you come to trading without any even initial knowledge, then there is little to come out
Knowledge and discipline are the things which will make your trading successful. Both of them are equally important.
Knowledge is of utmost importance for a trader to make their results better but it is not the only thing, unfortunately. A trader should also be disciplined in order to implement the knowledge on practice. I mean that more often than not traders know that in some certain situation they need to wait and avoid trading, but their emotions are so strong that they open the deals because of the greed and usually lose the money. So, knowledge and implementation of the knowledge are two key things which you need to make your tradingprofitable.
Nov 05 2021 at 06:21
RobSchiz posted:I agree with you.Akasuki posted:Knowledge and skills are the basic elements of this market.
@croisssan Yes without knowledge and skills, one cam only have loss in trading. To make profit, one has to learn how to trade to make money.
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