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Basics knowledge is not enough
Biedrs kopš
24 ieraksti
Dec 01, 2021 at 06:56
Biedrs kopš
24 ieraksti
Indeed!Forex fundamentals are not difficult to grasp, but creating a trading strategy is. The market is well-known for its unprecedented and risky nature. In order to minimize risk in future trades, traders need to conduct proper technical and fundamental analysis, which comes with experience and time.
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816 ieraksti
Dec 05, 2021 at 19:51
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816 ieraksti
You can trade in Forex without sufficient knowledge, but the price is that your trading account will be blown away.
Biedrs kopš
19 ieraksti
Dec 06, 2021 at 07:14
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19 ieraksti
LyudmilLukanov posted:
You can trade in Forex without sufficient knowledge, but the price is that your trading account will be blown away.
Haha, true, only results will tell the amount of knowledge someone has.
Biedrs kopš
494 ieraksti
Dec 06, 2021 at 18:42
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494 ieraksti
skihav posted:
In fact, basic knowledge for a trader is a very important aspect. Without this, it is quite difficult to achieve a positive result.
Totally agree with you. Most traders lose their money because of their low knowledge.
Biedrs kopš
385 ieraksti
Dec 07, 2021 at 14:58
Biedrs kopš
385 ieraksti
I think that could of been worded better, as you can success with a basic strategy BUT you need to have the experience of handling losses, of handling winners and letting them run. Trust your risk management and confirming you have an edge. Some of these arent 'knowledge' per say but are vital in being successful
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9 ieraksti
Dec 07, 2021 at 16:21
Biedrs kopš
9 ieraksti
yes experience is a type of knowledge but not something you can learn in books, it must be earned through time spent
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586 ieraksti
Dec 08, 2021 at 05:10
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586 ieraksti
@romanholiday Experience is very important when ot comes to trading. Experience comes from knowledge and skills. It's a long term process.

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