I quite agree with that there are no alternatives to learning and if you're a novice you have no choice actually. Of course, I speak about those novices who seriously want to start trading activity and become successful in it. Some traders just open couple of deals, then gove up everything after deposit dumping and start accusing trading of their losses. I don't understand such people. Speaking about alternatives, there are no alternatives as I said before, but some traders can do only practicing. Of course, it's also a part of learning, however they can combine theory with practice and it will be great.
@Pietro_Seitz It happens because most people have been told that trading is easy. You just have to learn few strategy and do demo trading for sometime then you are good to go. So their introduction to the forex trading is wrong.
Michihito posted: There is no alternative to learning, if you want to get success in forex. Self study is simply the best procedure to get started with forex trading. Subsequently after learning the basic information of trading, it good to take help from a specialist.
I struggle with self-learning. While it is good for theory aspects I am a kinesthetic learner and learn from doing and for that needed to be shown 121 when I first started out.
Forex traders who have a high level of knowledge have a lower level of trust and a stronger emotional attachment to the trade. The trader need not be scared or panic, but he can control his emotions from trading because he feels in control and in charge of his business.
seasweetpickle posted: Learning is obviously important. What is the point of this thread
agree with you but if dont have practice level according to me any kind of learning can be useless , so should focus on practice first of all.
I don't know why people don't emphasize more on practice these days. I have come across so many traders who start trading with their live accounts right after getting some basic knowledge about forex and later blow 90% of their money because of lack of practice. Every upcoming trader should understand that learning gets you the knowledge but practice makes you perfect.
People can’t control their greed and end up losing everything. It is very important to understand that not everyone can earn profits from the forex market and educating yourself can increase your chances of earning money. You cannot survive on luck for long.
Joao91 posted: Learning is like the base in trading. If your base isn't strong, no matter what you do, you won't be able to stand in the market for long. That is why, traders must take the learning part too seriously and give it their 100%
Really is true and also people realising that it is going to take years to master the skill. The complexities are hidden deep and once you break one layer another appears but it is all worth it in the end
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