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Basics knowledge is not enough

KnowFinance
Feb 03 2021 at 09:04
85 príspevkov
Basic knowledge is not enough, one must have a strategy plan and enough skills to manage the risks and capital to stay in the Forex market.
Sar John (Sarjohn)
Feb 09 2021 at 08:42
187 príspevkov
For making consistent profit only basic knowledge is not enough, for becoming a successful and professional trader, you need to know how to do fundamental and technical analysis as well.

Lycineandrew
Feb 11 2021 at 09:53
37 príspevkov
Adribaasmet posted:
investment is not a big deal in Forex trading, the main deal is to keep survive successfully in there , because most of the traders become loser from this trading place.
In order to survive, a trader has to do everything they can which at times can be a long journey. There’s a lot of knowledge and learning involved with trading forex. Not an easy task at all if you ask me.
desertdye
Feb 11 2021 at 11:40
20 príspevkov
Not just the basic but also some advanced fundamental and technical knowledge is important for forex. Took me some time to get used to it.
Bunaya
Feb 12 2021 at 06:05
54 príspevkov
RobSchiz
Nov 07 2021 at 19:59
567 príspevkov
Lycineandrew posted:
Adribaasmet posted:
investment is not a big deal in Forex trading, the main deal is to keep survive successfully in there , because most of the traders become loser from this trading place.
In order to survive, a trader has to do everything they can which at times can be a long journey. There’s a lot of knowledge and learning involved with trading forex. Not an easy task at all if you ask me.
To make money from this market, you need proper knowledge about trading.
GraceGilm
Nov 09 2021 at 14:31
154 príspevkov
any knowledge and understanding needs to be developed over time, you cannot dwell on one position, because this will give weak results
Seb King (sebking1986)
Nov 11 2021 at 11:53
399 príspevkov
It is exactly the same in other professions that are difficult to master. I can have a basic understanding of medicine but that doesn't make me a great surgeon. Only adding in hours of practice will help there. Same for any skill based vocation. People don't want to learn, and more so don't want to commit to the time it takes to practice and study.
If you can't spot the liquidity then you are the liquidity.
RobSchiz
Nov 12 2021 at 05:04
567 príspevkov
KnowFinance posted:
Basic knowledge is not enough, one must have a strategy plan and enough skills to manage the risks and capital to stay in the Forex market.
I agree with you. Proper knowledge and skills help a trader to make money from this market.
shortant
Nov 15 2021 at 07:58
73 príspevkov
A trader should be up to date with the current news events. He should know when he has to sell or when he should buy using his strategies and tactics.
croisssan
Nov 15 2021 at 14:46
939 príspevkov
In trading, you need to know a lot of things, but again, it is simply impossible to know this in advance. This needs to be learned in the process.
sharabela
Nov 15 2021 at 16:34
94 príspevkov
UweMoench posted:
Only basics are not enough for consistent profit. Forex is a professional work that requires specific knowledge and skills. That's the reason very few people are successful here. Most people treat forex like gambling. They do random trading. They do not have well defined trading system.
It needs hard work, hours of study and dedication to learn forex trading. Basic things are never enough to deal things professionally. However, it starts with basic though. A trader must learn the basic and with time, he must learn advanced things as far as forex trading is concerned.
HeavenLeighGill (HeavLeighGill26)
Nov 16 2021 at 15:02
255 príspevkov
It takes a lot to become consistently profitable as a forex trader. I think a lot of aspiring traders just want to put in little effort and get rich quick, but that never works. If it were a regular job, we would expect to work for the money but for some reason trading isn't taken as seriously. Perhaps it's because we can sit at home in our pajamas or have a flexible schedule so it feels less like a real job.
GraceGilm
Nov 17 2021 at 15:48
154 príspevkov
basic knowledge will be enough only for certain conditions, only this cannot be stopped and you need to develop your knowledge further in the right direction
Jungle78
Nov 18 2021 at 11:39
104 príspevkov
You have to backtest your strategy and make sure your strategy has a proven edge .
Keep learning keep refining markets evolve and so sgould your trading
LioDaCap
Nov 19 2021 at 15:26
11 príspevkov
yes basic knowledge is not enough beside acquiring good knowledge and experience it is more appropriate to trade in demo as practice account.
AliaDare
Nov 20 2021 at 01:14
788 príspevkov
More time should have been invested in trading to do business. Profits can be made with little knowledge, but it is difficult to keep that profit in mind. So if you want to develop knowledge in trading, you need to invest time.
Akasuki
Nov 20 2021 at 07:22
512 príspevkov
Yes basic knowledge of trading is not enough to make money from forex marekt. It needs extensive knowledge, skills and experience to be successful. For this one needs to spend time on learning.
Lethab_Mpho
Nov 20 2021 at 07:57
19 príspevkov
Hey, I am new to this forum, but a bit oldy in forex.

Agreed! forex needs extensive knowledge I spent a year on demo before going live.
Tiffany07
Nov 20 2021 at 08:12
36 príspevkov
Yes, basic knowledge will not be beneficial if you do not consider opening an account with any forex broker. Being able to trade in demo will give you an experience on how trading would seems like in live trading, except that there is no real money.
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