Knowldge is important

Yes. Knowledge is the main thing in the forex market. without proper knowledge you can not survive in this risky market.

Knowledge is indeed very important in forex and if you do not get it then you will most certainly fail miserably. Forex is all about what you know and as much as you know you also need to be able to apply what you know or you will be considered to be invaluable in forex.

If you don't have knowledge in forex then you are just wasting your time. The reason why most new traders fail on forex xs because they rush things before they fully know what t do. You need to learn and the learning process takes time. Then again there is the training in the demo account which is still part of the learning. You've got to do both and at the right pace.

Knowledge helps you in taking the sound decisions in forex.

If you want to build up a good and profitable career in the forex market, you need to have the mental strength to handle all the difficult situations.

Without having a reliable support from a credible trading broker that’s not possible at all to lead a comfortable trading life with certainly despite of good trading knowledge , so, choosing a broker is very difficult task, it would be great if we choose our brokers according to our trading understanding , should choose the broker that is more appropriate to the concept of trading that will be used,

Knowledge is power for the success.

Yes, knowledge is the key to trading successfully. A knowledgeable trader is more likely to trade better.

Knowledge is nothing without experience. Got to keep on the demo account as well as book learning

practice is important , and i always prefer micro account for practicing instead of demo .

that is also a good idea to go for micro account or a cent account to practise trade with minimum risk under real market condition

forextrader777 posted:

debragonzalez posted:
Yes, knowledge is the key to trading successfully. A knowledgeable trader is more likely to trade better.

Totally agreed!
Knowledge is the only route through which a trader becomes a successful trader.

Yes, inadequate knowledge will always leave with loss.

If you want to make a profit from this market, you need to have proper knowledge about both Fundamental analysis and Technical analysis.

Yeah without knowledge you’ll get eaten a live. I’ve been there with minimal knowledge and lost some decent money. Same with everything you should always be learning

BringmeFish posted:
Knowledge is nothing without experience. Got to keep on the demo account as well as book learning

Yeah mate, demo trading is one of the best ways to practice and enhance knowledge.

In order to move on to the practical part of trading, well, study everything theoretical.

Knowledge is very crucial if you are planning to invest your money into trading so take a very important step in learning more about forex and pay attention to what forex is all about, accordingly to the knowledge

hashilt posted:
Yes, a trade can be quite successful if a trader has the right knowledge for it. It is quite an important step in forex.

One of the most important steps rather. No goals can be achieved if the base is only not strong and knowledge and learning is what frames a strong base in forex market.

Brick_56 posted:

hashilt posted:
Yes, a trade can be quite successful if a trader has the right knowledge for it. It is quite an important step in forex.

One of the most important steps rather. No goals can be achieved if the base is only not strong and knowledge and learning is what frames a strong base in forex market.

Very true, it is scary how some people are ignrorant in learning.