Money and skills

Skills and knowledge are important, but why don't acquire them during analysing some trading strategies. I mean that, perhaps, it is a good way to learn forex by trying to implement and understand different trading strategies. Some of them don't work and some of them work pretty well. And if you analyse the reasons for their failures or success, you can learn much. Surely, just mocking those strategies will never give you any knowledge or understanding and if there is some unordinary financial situation, you'll be at a loss and lose your money.

Trading need money and skill, if the trader has money but not skills, actually they still can make effort with investing in PAMM project, looking prospect fund manager and invest then waiting fund manager working, this is a good way to invest, but of course, the trader needs to understand, previous performance may be changes at any time, the risk always involved in forex.

Sarjohn posted:

LukeRachel posted:
You need money to trade and you need skills to make a profit. So it is not possible to trade without any of them.

Yes, without money and skills forex trading is a waste of time.

That's right, trading is never possible without money and skills. And when I can manage these things, I have to work with patience.

Auginn posted:
Skills and knowledge are important, but why don't acquire them during analysing some trading strategies. I mean that, perhaps, it is a good way to learn forex by trying to implement and understand different trading strategies. Some of them don't work and some of them work pretty well. And if you analyse the reasons for their failures or success, you can learn much. Surely, just mocking those strategies will never give you any knowledge or understanding and if there is some unordinary financial situation, you'll be at a loss and lose your money.

Absolutely true buddy!

Investing in training does not always mean investing money. It is also an investment of time. So, the more time you spend on self-development, the less time you will spend on achieving your best result.

So true. Learning is more about time than money. You need time to learn the material and then time to implement what you have learned.

pigeontrader posted:
So true. Learning is more about time than money. You need time to learn the material and then time to implement what you have learned.

Money and education are very important for trading. A trader can gain success through this.

LukeRachel posted:

pigeontrader posted:
So true. Learning is more about time than money. You need time to learn the material and then time to implement what you have learned.

Money and education are very important for trading. A trader can gain success through this.

Yes. To become successful in this market, you need proper knowledge and education.

SteveHanks posted:

LukeRachel posted:

pigeontrader posted:
So true. Learning is more about time than money. You need time to learn the material and then time to implement what you have learned.

Money and education are very important for trading. A trader can gain success through this.

Yes. To become successful in this market, you need proper knowledge and education.

To be successful in any subject, you need to know the whole thing. Otherwise it is not possible to make money from there.

I feel like a lot of beginners want to skip over the beginning steps, like practicing on demo, putting effort into their education and go straight to live trading with consistent profits. Sadly, there are a lot of steps in between that you can't just skip over or else it just isn't going to work out.