Money and skills

Money and skills are the requirements for forex trading. Most people ignore skills. They don't study, they do not do any research. What they do is collect some ready-made strategies and check them on demo. By doing so they think they have learned. Trading is not that easy. Invest your time in learning (for newbie).

It is really very difficult without skills, and many do not understand this, therefore they fail and get frustrated in trading.

Money and skills are important but it is also essential to have some knowledge about trading and staying updated with the market conditions.

It is necessary to take into account many factors in order for trading to be successful and, of course, be able to control everything and know how to work with it.

Traders need the skill to earn money from forex trading. So, try to improve it through demo practice.

Faujinn posted:
It is necessary to take into account many factors in order for trading to be successful and, of course, be able to control everything and know how to work with it.

I also agree. Skill is one of them to earn money from this market.

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

People want to know how much one can make by trading. There's not any exact answer to the question how much one can make. It's a risky business so that you might also lose all the money. Your earning will depends upon how much abilities you've got. No skills No money.

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.

Akasuki posted:
People want to know how much one can make by trading. There's not any exact answer to the question how much one can make. It's a risky business so that you might also lose all the money. Your earning will depends upon how much abilities you've got. No skills No money.

Both are required. But forex always pays off, one way or another. And 'the good horse can be seen in the distance'.

No doubt once needs money to start trading. But without theb learning skills it can all be waste

Having trading skills and money is very important. Because if I don't complete these two things, I can't survive in trading.

Money and skills both are necessary to trade. If you have no skills but have the money you can never be a successful trader. Always learn forex and develop skills to make good money in trading.

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.

Thank you so much for agreeing with me. It is impossible to survive in trading without money and skills.

Yes, both have correlation, without money skill will useless because how to start trading need money as capital, but if have money still possible to make money although no skill trading, the one way s looking best account manager like as PAMM or copy trading, but the problem is how to find a profitable manager or leader copy trading.

How to start trading as trader needs money as capital, they must deposit funds in account trading to start, and skill is very important to manage money in account trading, without good skill hence will so hard to making money in forex trading and this is need l0ong time experience in the learning process to become a profitable trader.

When it comes to forex trading, both money and skills are necessary. Without money, you cannot start trading in the forex market. As a matter of fact, you cannot trade anywhere if you don’t have capital money. And when talking about skills, you can’t perform trading effectively if you don’t have good skills in strategizing or trading as a whole.

marindateal posted:
When it comes to forex trading, both money and skills are necessary. Without money, you cannot start trading in the forex market. As a matter of fact, you cannot trade anywhere if you don’t have capital money. And when talking about skills, you can’t perform trading effectively if you don’t have good skills in strategizing or trading as a whole.

I agree with you, both money and skills are equally important in forex trading, skills are important to make your trading effective and money should be invested at the right place and at right time.

Money and skills are of utmost importance for a trader to be successful on the market. If you don't have the skills, you are sure to lose the money, if you have the skills but don't have the money (ot have very small sum) you will hardly earn anything. One more thing which is important is psychology. I wouldn't call it a skill because it is more like a mindset. It influences this way: a person who knows how to trade perfectly well and they also have enough money to earn some decent profits but he is prone to be affected by his emotions which will definetely lead him to the absolute loss. So, psychological factor shouldn't be underestimated.