Knowldge is important

Knowldge is very important and it is very difficult to trade successfully if you have no knowldge and skills to trade. So always learn the basics of Forex and it will be easy to make good money in Forex trading. You should get good tranning in Forex because Training gives a beginner trader confidence and autonomy to make trading decisions.

Knowledge is definitely important! It's always nice to learn more about the market to avoid losses

have you tried micro account? learn from micro account to get knowledge

Micro account? Do you mean a pseudo account that doesn't trade with real money or a mini account with a lower deposit required?

I would say knowledge is the most important part. How will one succeed if the basics are only not clear.

Without knowledge, one can not succeed in forex trading. It gives you the confidence to trade efficiently and systematically in the market.

The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.

And all the knowledge comes from demo trading..so you got to keep practicing on to get better in time.

Without knowledge, one can fail miserably in forex trading so it is important to strengthen your basics.

I agree with you on all 120%. Without knowledge, you're gonna be a crappy broker. Besides, you need knowledge not only on some basic trading things, but also a little knowledge in politics, economics and a little psychology. In this way skillful brokers can make some predictions for the future. That is why brokerage is a constant work on yourself and a constant updating of information.

Knowledge is not power without its application, when you acquire knowledge and failed to apply it to the areas of those fields is not power

The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.

Gabriel99 posted:
Without knowledge, one can fail miserably in forex trading so it is important to strengthen your basics.

Very true, trading without knowledge in the forex world is like walking in a busy street with closed eyes.

I will say more, even experienced traders possessing a serious store of knowledge can lose their score.

Lorenzo343455 posted:
I will say more, even experienced traders possessing a serious store of knowledge can lose their score.

Right. Basically, one should know when to apply the knowledge at the right time.

To trade in the forex market you need to have proper knowledge about the market. Without knowledge, you can not survive in the forex market. So, gather all knowledge about forex first to maek trade in the market.

You can actually start trading forex WITHOUT knowledge and gain some profits.
But it would be temporary and you run out of luck soon or later.
Then there is the hard stony road to vistory including lot of learning and discipline.
Going this way it helps you a lot to stay profitable long term.

Definitely having proper knowledge about the forex trading and market can bring a huge change in your trading skill. It is very important to have the knowledge when it comes to that and without that, you would be having zero clue about your trading

This is obvious that if your knowledge about forex is weak you can not make trade and can not make money. So knowledge is very essential for forex trading.