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There is a proverb that practice
Biedrs kopš
586 ieraksti
Jun 29, 2021 at 12:16
@spacexdragon Exactly. You are right. But unfortunately most people focus on making money without developing enough skills. That's why most traders are losing money.
Biedrs kopš
15 ieraksti
Jul 05, 2021 at 08:13
Of course yes. This proverb ‘practice makes a man perfect’ will fit perfectly for all the forex traders. How much they practice and learn will eventually reflect in their trade successes.
Biedrs kopš
14 ieraksti
Oct 06, 2021 at 19:22
Guess that practicing is one of the inevitable parts of trading activity, otherwise you just waste your time. Of course, there are some traders who prefer only theoretical approach to any kinds of activity and they believe that if they know all the theories, then it will be easy to handle practice, however it's not about trading at all. As far as I concerned, practicing brings traders much more experience than theory, but we shouldn't underestimate the role of theory in this case. I just want to tell that we shouldn't neglect both practicing and theory. Everything must be combined and stay in harmony. Something like that.
Biedrs kopš
586 ieraksti
Nov 03, 2021 at 10:48
Yes practice is important but most people price just for few months then jump into live trading without developing any trading and mindset strategy. That's why at the end they never learn.
Biedrs kopš
9 ieraksti
Nov 03, 2021 at 11:20
To be successful at Forex you need to practice for years and years and even then there can be months of drawdowns
Biedrs kopš
586 ieraksti
Nov 04, 2021 at 13:40
@skihav There's no option to underestimate the role of practice in forex trading. No one can develop his own strategy without practice. Even to get familiar with an existing strategy one needs to practice.
Biedrs kopš
696 ieraksti
Dec 07, 2021 at 22:35
There are plenty of options to practice forex trading. You can practice it in a demo account.
Biedrs kopš
749 ieraksti
Dec 08, 2021 at 13:27
Yes there is no alternative to practice when it comes learning. For learning practice is the key. But the practice should be done with required knowledge of trading.
Biedrs kopš
816 ieraksti
Dec 09, 2021 at 20:45
Practice is one of the most important things that can help you become better at forex trading.
Biedrs kopš
33 ieraksti
Dec 23, 2021 at 04:49
Sweat more in practice, bleed less in war. I think we all must remind ourselves of this, whenever we feel like jumping on to a strategy or a method or even a live account when we are still not very sure about our skills.
Biedrs kopš
46 ieraksti
Dec 28, 2021 at 06:52
Not only in forex trading but this applies everywhere in life. Trading gets better with time and practice. There is no fixed strategy that will work every time. Developing a quality analysis takes time and it only comes with practice.
Biedrs kopš
76 ieraksti
Dec 28, 2021 at 07:16
Michihito posted:
practice makes a man perfect
This is why I constantly keep on practicing so that I can trade better in future.
Biedrs kopš
516 ieraksti
Dec 28, 2021 at 11:14
I think you could adapt it to something like "practice makes probable" in forex.
If you can't spot the liquidity then you are the liquidity.
Biedrs kopš
447 ieraksti
Dec 29, 2021 at 02:07
Nakedize posted:
Not only in forex trading but this applies everywhere in life. Trading gets better with time and practice. There is no fixed strategy that will work every time. Developing a quality analysis takes time and it only comes with practice.
The more time you spend on trading, the better the results. Practice and perseverance will take me further in trading.
Biedrs kopš
69 ieraksti
Dec 30, 2021 at 04:43
If a person performs a task regularly, the performance of the task would keep on increasing with time. Same is the case in forex trading. If a trader continuously practises trading, he/she will keep on getting better overall returns. This practice may be on a demo account or a live account.
Biedrs kopš
31 ieraksti
Jan 28, 2022 at 03:58
I know some people who practised for years before starting the actual trading. After all this practice and looking at charts daily they gained enough experience to earn big profits. So, saying that practice makes trading perfect won’t be wrong at all.
Biedrs kopš
385 ieraksti
Jan 28, 2022 at 07:48
Actinism posted:
I know some people who practised for years before starting the actual trading. After all this practice and looking at charts daily they gained enough experience to earn big profits. So, saying that practice makes trading perfect won’t be wrong at all.
Practice is key as well for sure like honing any skill just have to work on the fundamentals like psychology and discipline too which only come in with live trading imo
Biedrs kopš
104 ieraksti
Jan 28, 2022 at 14:38
Practice is key in any discipline but maybe even more so in this game of ours and the psychological aspect of trading is pivotal
Biedrs kopš
20 ieraksti
Feb 01, 2022 at 08:22
The proverb is true to each word. Not only in forex but in every other field too, the proverb is applicable. New traders in forex often make mistakes but as they keep on learning, mistakes reduce and so does their loss. Practice is infact one of the most important things that can be done to succeed in forex.
Biedrs kopš
516 ieraksti
Feb 02, 2022 at 13:08
I still think the pursuit of perfection is a flawed one as I said but exposing yourself to the markets helps in so many ways.
If you can't spot the liquidity then you are the liquidity.
