importance of skills

Sep 22, 2020 at 12:32
3,119 Views
69 Replies
Biedrs kopš   327 ieraksti
Aug 03, 2021 at 07:29
going live trading from practice account is scaring and wonderful experience for all kinds of trader , i skip demo account so live trading was difficult to me. emotions works mostly when trading live from demo.
Biedrs kopš   70 ieraksti
Aug 03, 2021 at 11:27
what most experienced traders wont tell you is they still use demo accounts, this is because some days they like to practice and not worth it on a live account
Biedrs kopš   9 ieraksti
Aug 03, 2021 at 12:14
reece22 posted:
what most experienced traders wont tell you is they still use demo accounts, this is because some days they like to practice and not worth it on a live account
#That is interesting but It makes sense now you point it out. That makes me feel better about using demo now
Biedrs kopš   617 ieraksti
Aug 03, 2021 at 16:06
@reece22 Yes you are right. Experienced and successful traders always do experiments on demo to keep up with the changing market, as market doesn't behave same all the time.
Biedrs kopš   11 ieraksti
Aug 11, 2021 at 19:05
There is a positive correlation between the level of the skills and success in trading. The more skills you have, the better your trading results are. I doubt that there are any successful traders who are completely ignorant of economic and trading aspects and who base their decisions on gut-feeling.
Biedrs kopš   29 ieraksti
Aug 12, 2021 at 17:57
It is important to build up a certain amount of knowledge (skill) when looking to trade in the markets. Demo is obviously best for that for anything new you want to trial out.
Biedrs kopš   9 ieraksti
Aug 13, 2021 at 09:45
Yes demo is the best way to learn and practice. If you really want to learn the skills you have to use demo
Biedrs kopš   24 ieraksti
Aug 14, 2021 at 22:57
Getting the skills takes lots of time and practice and a lot of people don’t want to put it in. Personally I think the best way to do it is to trade on small accounts rather than demo so you can get a feel for trading with real money.
Biedrs kopš   187 ieraksti
Aug 16, 2021 at 07:50
croisssan posted:
For a trader, the level of knowledge and experience plays one of the key roles. Without this, it is generally impossible to get a positive work result.
Also, if you have no trading plan, no trading strategy and you are just randomly trading then you can not make profit in trading.
Biedrs kopš   1 ieraksti
Aug 16, 2021 at 08:33
I think Real account will help you feel more realistic in trading psychology.
Biedrs kopš   16 ieraksti
Aug 25, 2021 at 19:33
I'm personally convinced that in trading activity a trader must have a harmony. So, I mean that skills, knowledge and experience must be in harmony. If you have all of these features and you understand that every feature matters a lot, you will be successful. Skills do mean nthing in case of lack of knowledge or experience. The same thing also is with experience. Experience matters nothing in case of lack of knowledge and skills, thus we have to strive to this harmony and develop these features evenly. Only in case of such approach traders can hope on success in trading activity, and actually not only in this activity.
Biedrs kopš   751 ieraksti
Aug 26, 2021 at 12:49
@BalPaper Yes I agree with you. Skills, experience and knowledge should be in harmony. Along with this, a trader's profit expectation should match with his skills and experience.
Biedrs kopš   5 ieraksti
Aug 27, 2021 at 13:18
@UweMoench I agree that skills, experience and knowledge are important aspects of trading but I want to add another important element to it which is often underestimated, that is, self-control. It is very common for a trader to weigh down under his emotions and see his strategies failing miserably. A good trader must be able to control his emotions to succeed in trading.
Biedrs kopš   536 ieraksti
Aug 30, 2021 at 08:44
WaltonCharles posted:
Skills and experience are very much needed to make money from this market.
Yes. You are absolutely right.
Biedrs kopš   751 ieraksti
Aug 31, 2021 at 10:05
@Unellene Yes luck can work for once, or twice many be one more time but it does not work all the time.. You need necessary skills and knowledge.
Biedrs kopš   27 ieraksti
Aug 31, 2021 at 12:25
The importance of skills in trading cannot be exaggerated. Trading without skills is a gambling which will lead to the total loss of the deposit. By skills I mean not only the skills to analyse the market, but also skills to manage your money and risks and also to control your psychological state. The most interesting thing is that you cannot just acquire some skills and stop improving yourself. You need to constantly developing your skills in order to catch up with the market which is constantly changing. If you don't change with it, you are sure to lose.
Biedrs kopš   536 ieraksti
Dec 26, 2021 at 07:22
Unellene posted:
unfortunately, without developing your skills, you will not get much, and there will be no profit
Yes. Proper knowledge is very important to survive in this market.
Biedrs kopš   788 ieraksti
Dec 26, 2021 at 09:14
croisssan posted:
Knowledge and experience in the process of work play a really important role. In my opinion, this is really the most important aspect.
Knowledge development is very important. It is very important for the trader to gain knowledge about this subject.
Biedrs kopš   751 ieraksti
Dec 27, 2021 at 11:49
@skihav Yes without knowledge and skills, no one can make money in forex trading. They are the keys. By doing blind trading, one can get profitable trades here and there but not consistently.
Dec 27, 2021 at 11:56
Yes absolutely correct! Keep practicing the moves on charts, it will help you in making the judgements strong.
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