importance of skills

@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.

Skills and experience are very much needed to make money from this market.

WaltonCharles posted:
Skills and experience are very much needed to make money from this market.

Yes. You are absolutely right.

From personal experience, I can say this - there is nothing to do without training and skills in Forex, you cannot hope for blind luck

@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.

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.

that's exactly what it works only once, but many hope purely for luck, this is more of a beginner's attitude

Unellene posted:
From personal experience, I can say this - there is nothing to do without training and skills in Forex, you cannot hope for blind luck

Yes. You are absolutely right.

Unellene posted:
that's exactly what it works only once, but many hope purely for luck, this is more of a beginner's attitude

every new trader should gather proper knowledge.

skills are important everywhere, in any of your activities, people without them can achieve little in any occupation

WaltonCharles posted:
Skills and experience are very much needed to make money from this market.

Yes. Proper knowledge can make you rich in this market.

Knowledge and experience in the process of work play a really important role. In my opinion, this is really the most important aspect.

@RobertFerrari yes proper knowledge is important but along with knowledge we also need to know how to apply the knowledge effectively.

unfortunately, without developing your skills, you will not get much, and there will be no profit

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.

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.

Knowledge and skills in this industry play an almost key role. In fact, it is important to pay enough attention to this.

@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.

Yes absolutely correct! Keep practicing the moves on charts, it will help you in making the judgements strong.