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Is math important for trading?
Anggota Sejak Mar 17, 2021
536 pos
Anggota Sejak Jun 14, 2021
53 pos
Anggota Sejak May 27, 2021
57 pos
Sep 22, 2021 at 10:36
Anggota Sejak May 27, 2021
57 pos
marindateal posted:I agree general maths would be enough but I think the most important is to have analytical skills.
A general level of mathematics is always needed in every aspect of our life, even in forex, so yea, it's pretty useful to know your numbers.
Anggota Sejak Aug 17, 2021
94 pos
Sep 25, 2021 at 17:05
Anggota Sejak Aug 17, 2021
94 pos
Most new traders think their win rate is the most important math in their trading. It is not, you risk/reward ratio will determine your profitability more than a win rate. ... Capping your risk makes it easier to have a reward that is multiples of your potential risk. If you risk $100 to make $300 it is a 1:3 risk/reward.
Oct 17, 2021 at 16:19
Anggota Sejak Feb 08, 2019
57 pos
UweMoench posted:Hope not or I am a lost cause haha
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.
Anggota Sejak Dec 18, 2019
14 pos
Oct 20, 2021 at 16:43
Anggota Sejak Dec 18, 2019
14 pos
Actually, basic knowledge in math of course is required in trading in order to calculate possible profit and possible losses. Moreover you have to calculate how much money from your deposit you should use for one deal. In my opinion, math is important in your life, not in trading. For trading you need just basic knowledge as I said. Nevertheless, if you like math and you're fond of learning math you can also try to calculate the possibility of your win or lose. However, these methods would better not be used, because it's so silly to calculate. You will just provide yourself with negative emotions in case of unpleasant consequences.
Anggota Sejak Jun 17, 2021
12 pos
Oct 21, 2021 at 05:45
Anggota Sejak Jun 17, 2021
12 pos
It depends on your approach to trading. If you employ algorithms or sophisticated quantitative models, then I'm sure you'd need to understand a lot of high-level math.
Whether you make money is another question. You could be very gifted at math and still blow up your account if you ignore the fundamental financial or economic factors in the markets and fail to manage risk appropriately.
Whether you make money is another question. You could be very gifted at math and still blow up your account if you ignore the fundamental financial or economic factors in the markets and fail to manage risk appropriately.
Anggota Sejak Oct 19, 2021
18 pos
Oct 27, 2021 at 04:16
Anggota Sejak Jun 16, 2020
57 pos
Yes, forex demands trades to be good with mathematical skills. However, it doesn’t mean you require knowledge of advanced maths. Knowledge of percentages is essential.
There are mathematical formulas traders need to be well equipped in handling, such as how to calculate leverage, pips, profits, and margins. Knowledge of descriptive statistics and probability is necessary too.
There are mathematical formulas traders need to be well equipped in handling, such as how to calculate leverage, pips, profits, and margins. Knowledge of descriptive statistics and probability is necessary too.
Dec 17, 2021 at 19:59
Anggota Sejak Mar 26, 2021
11 pos
The question of math in trading is pretty arguable, but, as for me, I do really think that it is better to know math rather than not to know it.
Surely, it is not a must, but, from my perspective, it can give you some advantages especially in comparison with other traders. It is a good habit for trading to be able to calculate and treat numbers with the cold heart. This will definetely help you avoid being overemotional while trading. Learning math will change your mindset and you will see some logical conclusions very vividle and fast. So, I do strongly recommend everyone to learn maths despite the fact that it has no direct influence on trading results.
Surely, it is not a must, but, from my perspective, it can give you some advantages especially in comparison with other traders. It is a good habit for trading to be able to calculate and treat numbers with the cold heart. This will definetely help you avoid being overemotional while trading. Learning math will change your mindset and you will see some logical conclusions very vividle and fast. So, I do strongly recommend everyone to learn maths despite the fact that it has no direct influence on trading results.
Anggota Sejak Mar 17, 2021
536 pos
Anggota Sejak Dec 14, 2021
28 pos
Anggota Sejak Jun 07, 2021
72 pos
Dec 22, 2021 at 05:05
Anggota Sejak Jun 07, 2021
72 pos
Yes, you need to have a basic math knowledge to become a good trader. The knowledge concepts like statistical math, percentages, probability, and correction are important. Math knowledge can reduce risk in forex, especially when you know how to apply it in position sizing.
Dec 22, 2021 at 05:44
Anggota Sejak Dec 14, 2021
46 pos
Trading does include maths but in this maths a person does not need to be the top of class in the subject. You just need to have enough knowledge to use a calculator. Some trading platforms do most of the calculations for you but still sometimes you need to calculate how much you would like to invest or what risk you can bear.
Anggota Sejak May 19, 2020
401 pos
Dec 23, 2021 at 19:49
Anggota Sejak Sep 18, 2020
15 pos
I do think that math will be useful in trading. Especially, I am talking about the theory of probabilities. Trading is always about probabilities because it is never possible to say that this or that even will definetely happen. There are always chances that everything might go against your plans and your perceptions. That is why it is significant to know and calculate risks and math expectancy in order to realise how much money you are ready to risk in this or that particular situation.
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