Acquiring knowledge is basic

Acquiring knowledge is basic for being a successful a trader. You need to study and research a tremendous mark in case you want be a gainful trader. You need to learn specific edge and mental perspective of trading. You have to comprehend how to control your feelings. By then start with demo record to understand how as far as possible.

Knowledge is the most important thing in forex trading. Without knowledge, you can not survive in this risky market.

Yes. I completely agree with you. If you want to become a good trader, you need basic knowledge of forex.

Trading is a psychological game. If one wants to be profitable by trading, one has to control emotions first. Success is very difficult but it will be easy to achieve success if you can trade long term with patience.

Well said, as traders we have to gather information at every stage even when we have the basic knowledge. Gaining knowledge should be a continuous thing in the life of trader.

I also agree. Knowledge is the main power source of trading. Many new traders jump into the market without knowing the basic and end up losing money.

LyudmilLukanov posted:
I also agree. Knowledge is the main power source of trading. Many new traders jump into the market without knowing the basic and end up losing money.

True. Without knowledge it would be like trading with closed eyes so can't take it lightly at all.

Knowledge is what will help you really achieve good results and understand the essence of trading, but I like that the Amarkets broker always has up-to-date information about new products in the market and in trading.

Yes, I totally agree with this. In order to trade for the long term and earn profit, acquiring knowledge is important in forex . You need to research a lot and find out which strategy is suitable for you. Don’t start trading without basic knowledge otherwise you will end with losing money.

Yes, you do need to have some basic knowledge about the market and know how forex trading actually works.

Without a good knowledge base, there's no fun is trading actually. We have to try to gather information at every phase if we want to succeed as a trader.

A demo account is the best forex learning method for me. It helps a trader to learn all the basics and the techniques of forex perfectly.

True. Learn the trading first and practice it in demo account.

Learning is an ongoing process. There's always a range to improve knowledge and techniques. With changing market we constantly need to boost our skills. Otherwise we will be kicked out from the market.

If I do not acquire trading knowledge, I cannot gain profit. A trader can make a lot of profit if he acquires knowledge properly.

I have to make a profit by making knowledge. It is never possible to survive in trading without knowledge.

Without skills, knowledge and experience consistent profit is not possible in the forex market. No matter how big your capital is! If you do not have enough skills, you wll lose all the money.

True! Never dive into the ocean if you don't know how to swim. Forex is like an ocean, we should enter it with proper knowledge and skills. For this, a beginner trader can try demo trading accounts and improvise on the trades.

Make a base for yourself that will give you the opportunity to apply it in practice and get a result