It is very important to sharpen

It is very important to sharpen our knowledge. We can't stop learning. Learning is a continuous process. We have to continue it. There is no end of learning. The sad part is most people are unwilling to learn. They look for short cuts.

Always constantly try your best to improve your trading without getting over confident and having unrealistic profit plan.

Learning is easy when trading. I have the charts in front of me and a good book on Forex on the desk. perfect way to learn and earn

KnowFinance posted:
It is very important to sharpen your skills and never stop learning because in the end it only depends on you how much effort you are putting to make your trading fruitful.

Learning goes on till the end, no matter how well practiced or experienced one becomes. This market has a lot to explore.

Strongly agreed! Never stop learning here, even most successful traders are still learning.It is must to improve our trading skill, the more we learn the more we can earn.

I agree with you all. Knowledge and proper skill-set are a must in forex trading.

forexminded posted:
I agree with you all. Knowledge and proper skill-set are a must in forex trading.

True. Don’t rush in trading. It takes time to learn trading properly.

If you want to make a profit solidly, you must develop knowledge. And you have to learn about every subject. If it is not right to get an education then it is not possible to make a good profit by trading.

LeviSievwright5 posted:
If you want to make a profit solidly, you must develop knowledge. And you have to learn about every subject. If it is not right to get an education then it is not possible to make a good profit by trading.

Yes, gaining good knowledge and developing skills should be the first step for every beginner aiming for success through forex. No goals can be achieved without learning.

Trading is really hard unless you master it. It's not a thing for people who are not willing to learn it. And skills don't come in few months. You need good amount of time and dedication for learning. Most people come to trading with a hope of making quick money. That's the biggest problem.

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If the knowledge is not clear, I will not be able to make a good profit by trading. So every trader should do regular meditation.

MichaelEX posted:
Strongly agreed! Never stop learning here, even most successful traders are still learning.It is must to improve our trading skill, the more we learn the more we can earn.

Let’s not forget strategies. Without a defined strategic plan, I don’t think any trader, be it a beginner or experienced, can invest rationally. I’ve been into swing trading since years, but is there any other strategy that works better? I’m not saying it’s not benefiting me, in fact I’ve done pretty well so far, but I do wish to step out of the comfort zone.

You will need to constantly evolving your strategy to refine your tuning your strategy to make it able to trade. Without sharpening your strategy, you will be falling behind and being helpless to constant losing in your trade