No alternative to learning

Michihito posted:
There is no alternative to learning, if you want to get success in forex. Self study is simply the best procedure to get started with forex trading. Subsequently after learning the basic information of trading, it good to take help from a specialist.

I struggle with self-learning. While it is good for theory aspects I am a kinesthetic learner and learn from doing and for that needed to be shown 121 when I first started out.

Totally agree. Learning is the key thing when it comes about successful trading, because the market is constantly changing and every trader needs to keep up with its pace through learning.

Learning is obviously important. What is the point of this thread

Forex traders who have a high level of knowledge have a lower level of trust and a stronger emotional attachment to the trade. The trader need not be scared or panic, but he can control his emotions from trading because he feels in control and in charge of his business.

@Williamfreed Yes you are absolutely right. Emotional attachment is very bad for trading. It leads a trader to take a wrong decision.

seasweetpickle posted:
Learning is obviously important. What is the point of this thread

I agree with you.

Only when we learn to recognise and manage our mental responses, emotions can help us become winners in the forex industry.

seasweetpickle posted:
Learning is obviously important. What is the point of this thread

agree with you but if dont have practice level according to me any kind of learning can be useless , so should focus on practice first of all.

Tradelist45 posted:

seasweetpickle posted:
Learning is obviously important. What is the point of this thread

agree with you but if dont have practice level according to me any kind of learning can be useless , so should focus on practice first of all.

I don't know why people don't emphasize more on practice these days. I have come across so many traders who start trading with their live accounts right after getting some basic knowledge about forex and later blow 90% of their money because of lack of practice. Every upcoming trader should understand that learning gets you the knowledge but practice makes you perfect.

People can’t control their greed and end up losing everything. It is very important to understand that not everyone can earn profits from the forex market and educating yourself can increase your chances of earning money. You cannot survive on luck for long.

@yana Yes most people can not control their greed. And as a result they open too many trades without proper logic and end up losing their money.

Joao91 posted:
Learning is like the base in trading.
If your base isn't strong, no matter what you do, you won't be able to stand in the market for long. That is why, traders must take the learning part too seriously and give it their 100%

Really is true and also people realising that it is going to take years to master the skill. The complexities are hidden deep and once you break one layer another appears but it is all worth it in the end

croisssan posted:
Losses are a completely normal process for a trader. It is more important to analyze the results of your work in order to avoid regular losses.

People need to realise that losses are a part of the trading business . You cannot have green everyday . Moreover traders should always remember that in trading learning is never ending.

@mattieharper This is what many people do not want to understand or try to understand. They become greedy to have all the profit. As a result they lose all the money.

Learning is the cornerstone to trading success. Learning and practice will make everyone a good trader if they are ready to take their time and set their expectations right.

Shiber posted:
Learning is the cornerstone to trading success. Learning and practice will make everyone a good trader if they are ready to take their time and set their expectations right.

Completely agree. Some want the success right away and don't want to do the work. Its like a doctor doing 6 months of college and expecting to be given a scalpel

Succes doesn't come right away in anything unless you are expert in that. In trading, one has to be skilled enough to be successful.

@Akasuki yes you are right. Success never comes overnight. It takes effort and dedication for learning. Once you have that you can develop necessary skills and knowledge for success.