Mar 05 2021 at 11:51
The basic understanding of maths will do and you don’t need to go into so much detail as well.
Mar 06 2021 at 07:50
Basic Maths will make it easier to analyse the charts. No need of any advanced skills in Maths.
Mar 06 2021 at 09:06
I think to the certain that maths are quite important in trading. You do not need advance skills in maths just like the user above said, even basic understanding that involves addition and subtraction are enough
Forex is a profitable business. Profit can be made by maintaining proper money management and risk rewards.
Mar 30 2021 at 05:44
The basic knowledge of mathematics is alright. You don’t really have to be a genius at math to start with forex.
If you have basic knowledge about math, you can make money from this market.
Sep 14 2021 at 18:46
hitterbull posted:
The basic understanding of maths will do and you don’t need to go into so much detail as well.
Yes. basic knowledge is needed to do trading in this market.
Yes, you need to understand percentages, multiplication and division as a bare minimum
Not only mathematics is important, but also a general understanding of economics. But such knowledge is definitely not superfluous.
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
well, in general, trading is such a thing where many features of different knowledge may be needed, so yes it will be useful
Sep 18 2021 at 20:24
KenAdams posted:
If you know basic, then it will work.
Learning basic is very important. It helps a lot to make money from this market.
I do think that a trader should know math. I am not talking about high level calculus, but its fundamentals. First of all, math is all about logic and logic is a key to success.
Sep 22 2021 at 06:23
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.
Sep 22 2021 at 10:36
marindateal posted:
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.
I agree general maths would be enough but I think the most important is to have analytical skills.
You need at least high school level maths, ideally more. You need to be comfortable with number and number manipulation. Otherwise you cannot do risk management
Sep 25 2021 at 17:05
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.
