May 31 2021 at 10:55
Without skills, knowledge and experience consistent profit is not possible in the forex market. No matter how big your capital is! If you do not have enough skills, you wll lose all the money.
May 31 2021 at 11:00
True! Never dive into the ocean if you don't know how to swim. Forex is like an ocean, we should enter it with proper knowledge and skills. For this, a beginner trader can try demo trading accounts and improvise on the trades.
Make a base for yourself that will give you the opportunity to apply it in practice and get a result
If your theoretical base is of high quality, you can easily start working and avoid many mistakes
Aug 06 2021 at 11:14
the knowledge we gain from demo account actually not works when trading in a live , really it is. otherwise demo was the first choice of ours.
I would make a clarification.
The relevance and reliability of information is also important. Learn from the best, communicate with traders who have achieved a stable result.
Read the basics of trading, but don't read 'The Strategy That Will Make You Rich After One Trading Day'. Most likely there is nothing to read.
Study other traders' trading to understand their specifics and feel free to ask questions, that costs nothing
The relevance and reliability of information is also important. Learn from the best, communicate with traders who have achieved a stable result.
Read the basics of trading, but don't read 'The Strategy That Will Make You Rich After One Trading Day'. Most likely there is nothing to read.
Study other traders' trading to understand their specifics and feel free to ask questions, that costs nothing
Aug 06 2021 at 12:33
Davidfx89 posted:Knowledge is the most important thing in this market.
the knowledge we gain from demo account actually not works when trading in a live , really it is. otherwise demo was the first choice of ours.
Aug 07 2021 at 09:39
LesleyLesley posted:Yeah buddy. I have also read this book and it's not that helpful.
I would make a clarification.
The relevance and reliability of information is also important. Learn from the best, communicate with traders who have achieved a stable result.
Read the basics of trading, but don't read 'The Strategy That Will Make You Rich After One Trading Day'. Most likely there is nothing to read.
Study other traders' trading to understand their specifics and feel free to ask questions, that costs nothing
I used to watch youtube videos of traders showing their trades and strategies. This has helped me in formulating my own strategy by learning the basis of other traders' strategies.
Aug 09 2021 at 07:13
knowledge acquiring is important but it can be useless if you dont have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
Aug 09 2021 at 12:48
knowledge can only be acquired by practising or being in touch with the market on daily basis.
Aug 10 2021 at 06:39
AndrewMcCalam54 posted:I believe both the things are important. Having a genuine broker by your side enhances and leads to better results however, a good broker is nothing if you lack trading updates
knowledge acquiring is important but it can be useless if you dont have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
The more your practice, the more you learn.
Yes you need knowledge but you also need other aspects for successful trading such as risk management, money management and psychological training to keep your emotions at bay.
Aug 11 2021 at 01:00
Forex trading is a simple and easy way of earning. If you want to achieve success in forex you must gain some knowledge and experience in forex. Always do hard work and never hesitate to learn new things about forex trading.
You should also be good at putting your knowledge into practice and understanding how it works in a given situation.
Aug 11 2021 at 06:12
VictorAxel posted:Actually there is no fun in trading with limited knowledge, always expand your knowledge base in trading, try to learn new things, you will definitely get success in trading.
Without a good knowledge base, there's no fun is trading actually. We have to try to gather information at every phase if we want to succeed as a trader.
Aug 11 2021 at 06:12
Maximum traders in Forex like to trade with high leverage for making profit instantly. But traders who make profit consistency , I don’t think they use high leverage. They way I see it. High leverage gives us the benefits not to worry about margin requirements and one less thing to focus on. Abusing leverage can be costly for traders.
Aug 11 2021 at 07:57
Tradelist45 posted:I think high leverage can put you in great danger if you don't have proper knowledge.
Maximum traders in Forex like to trade with high leverage for making profit instantly. But traders who make profit consistency , I don’t think they use high leverage. They way I see it. High leverage gives us the benefits not to worry about margin requirements and one less thing to focus on. Abusing leverage can be costly for traders.
CocoChannel posted:Yes, it's good that you remembered the youtube content. It is really much easier to receive information there, while there are many bloggers who make it easy to explain complex concepts.LesleyLesley posted:Yeah buddy. I have also read this book and it's not that helpful.
I would make a clarification.
The relevance and reliability of information is also important. Learn from the best, communicate with traders who have achieved a stable result.
Read the basics of trading, but don't read 'The Strategy That Will Make You Rich After One Trading Day'. Most likely there is nothing to read.
Study other traders' trading to understand their specifics and feel free to ask questions, that costs nothing
I used to watch youtube videos of traders showing their trades and strategies. This has helped me in formulating my own strategy by learning the basis of other traders' strategies.
Aug 17 2021 at 13:19
Williamfreed posted:Good point, you have to make a profit on forex trading education. If knowledge and skills cannot be developed, it will be difficult to make a profit.
Forex trading is a simple and easy way of earning. If you want to achieve success in forex you must gain some knowledge and experience in forex. Always do hard work and never hesitate to learn new things about forex trading.
Aug 17 2021 at 13:24
It should be understood that there is nothing to do without knowledge in this industry. This is the only way a trader can get a positive work result.
