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  1. #1
    Abu Salam is offline Banned
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    Oct 2018
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    108

    Default Only good trading knowledge

    Only good trading knowledge cannot brings profit regularly. Besides trading knowledge you have to focus on money and risk management which is the key to success in Forex trading.

  2. #2
    Dinh is offline Junior Member
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    Feb 2019
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    Default

    Quote Originally Posted by Mark M View Post
    In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
    I think it's much easier now compared to some years ago, even brokers now offer educational courses for their clients. It's a matter of taking full advantage of these provisions. Forexchief broker does that; they provide analysis and articles for educational purposes. It helps me make good trade decisions.
    Last edited by Dinh; 02-18-2019 at 11:33 PM.

  3. #3
    Fin Candy is offline Banned
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    Apr 2019
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    Default

    Forex trading is a place where we actually come to make money more but become loser ultimately , because of just emotions. *

  4. #4
    Angel candy is offline Senior Member
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    Mar 2016
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    298

    Default

    There are many points that we should consider while trading. If we want to make profit with our trading then we have to learn a lot and consider many points of trading.

  5. #5
    FTS
    FTS is offline Junior Member
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    Nov 2018
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    Default

    Trading knowledge is necessary for anyone who is going to succeed in this sphere. Most of the newbie traders have no proper education or previous experience in finance, so they have to start with learning trading basics to be able to analyse situation and make thier own decisions based on such analysis. Of course, it is quite easy to learn Forex nowadays due to the various courses available. Those, who prefer self-education, could easily find numerous books dedicated to almost any trading aspects.
    Another point is that there are differen supplimntary tools extending the possibilities of the traders. For example, there special tool for backtesting - the process of testing ideas and strategies using historical data. Just a few years ago the only way to backtest a strategy was to create a special algorithm on Python while the process of searching for data to download was relatively complicated too. Nowadays all that could be performed much easier with the help of special software like Forex Tester that conducts simulated trades using historical data provided by the brokers (it is important to choose the data provided by the broker you are trading with to increase the accuracy of the results). That is why now even newbie traders could easily test thier strategies even without deep knowledge of coding that was necessary earlier.
    At the same time, the genera knowledge about the market is still important. Each trader should pay enough time to self education to be flexible enough to be able to trade profitaly in any market conditions.

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