There is a proverb that practice

There is a proverb that practice makes a man perfect. Do you think that this proverb is suitable for Forex market. I think it is true. If you practice demo trading, follow the basic rules of Forex trading and thus in this way you can get proper training through this practice then you surely do better in Forex business.

It is a simple fact that works not only in Forex but other things. Though perfection is one thing that is difficult to come by but the more we learn, the better trader we shall make. Practice helps a trader in no small way to get over the hurdles of learning easier.

This is very true. If you are determined enough to learn trading, you will definitely get better at it with time. Demo trade for a good 6 months and then try going live with a small deposit. With real money, you will have a better learning experience and will learn to handle the pressure better.

Yes the proverb is totally applicable for Forex trading. When I started trading I didn’t jump on the live account directly. I practice trading on a demo account and tested my strategy on demo first then applied it to the live account. Perfection always comes with practice only.

You will have to practice hard if you want to make your trades work for you. No need to take a step if you are not sure about what you are doing.

I think it is suitable for forex since no one can become an expert in a day. Everyone has to work hard and it takes time to be a profitable trader.

Yes practice is important in trading but one to need to practice in a systematic way. Random trading will not help. One needs to develop strategy by practicing on demo. Only then practice will be fruitful.

Danielvittory posted:
You will have to practice hard if you want to make your trades work for you. No need to take a step if you are not sure about what you are doing.

Yes. If you want to become a good trader, you need to practice more and more.

Akasuki posted:
Yes practice is important in trading but one to need to practice in a systematic way. Random trading will not help. One needs to develop strategy by practicing on demo. Only then practice will be fruitful.

I also agree. Every trader needs to practice in order to improve their trading skills.

I think it makes perfect sense in the forex market. The more you practice, the better you are likely to get. It all depends upon how much a trader is prepared to learn.

practise is always imp be it trading or a game. The more you practise the better is the performance.

Yes, if I trade without practice, I can't trade. Practice can make me the perfect trader. So when I lose consistently I try to take out some time and do demo trading it helps to perfect my skills.

To trade, it is necessary to develop skills first. It is not possible to make a profit without developing skills. So I develop skills by acquiring knowledge from different sites. And I keep practicing all the time.

LukeRachel posted:
To trade, it is necessary to develop skills first. It is not possible to make a profit without developing skills. So I develop skills by acquiring knowledge from different sites. And I keep practicing all the time.

Yes. There is no shortcut to making money in this market. You have to practice more and more to gather knowledge and skills.

This proverb, without any doubt fits for forex trading as well.

Fx_howie posted:
This proverb, without any doubt fits for forex trading as well.

Completely agree. Its so fitting

Tremblay posted:

LukeRachel posted:
To trade, it is necessary to develop skills first. It is not possible to make a profit without developing skills. So I develop skills by acquiring knowledge from different sites. And I keep practicing all the time.

Yes. There is no shortcut to making money in this market. You have to practice more and more to gather knowledge and skills.

Thanks. Forex trading requires patience. Proper education about forex trading is not possible without patience.

WaltonCharles posted:

LukeRachel posted:
To trade, it is necessary to develop skills first. It is not possible to make a profit without developing skills. So I develop skills by acquiring knowledge from different sites. And I keep practicing all the time.

I agree with you.

Thanks. It is very difficult to make a profit if you cannot develop skills.

RobSchiz posted:

AliaDare posted:
Yes, if I trade without practice, I can't trade. Practice can make me the perfect trader. So when I lose consistently I try to take out some time and do demo trading it helps to perfect my skills.

Practice on a demo account helps a trader to gain confidence and make proper decisions.

Yes, it is possible to develop skills by practicing the demo. Knowledge about many strategies is created.