Forex Zone - Forex Forum

trading must have the knowledge first

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
If you decide to study first then that is an opportunity to decide what kind of trader you will be in the future and of course if you study diligently then in the future you will be successful.
#646 - October 17, 2023, 12:27:45 PM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
When a trader wants to carry out forex trading activities, it is mandatory to know the knowledge first because without using basic knowledge or knowledge you will not be able to carry out analysis. The knowledge doesn't have to be difficult. The knowledge is divided into four types of problems, psychological strategy management and mindset, all of which must be you can control it or you can learn it first. In my opinion, learn about trading systems first, use what techniques, after that you can use management well, you can use risk settings appropriately
#647 - October 18, 2023, 08:23:24 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
When trading, you must know how to use it, know how to use it, so that later you won't have difficulty opening positions or doing analysis. Many of them, especially beginners, think that trading is like a toy, they don't use knowledge, they don't use management, they don't use good methods and they tend to open positions randomly. Carelessly, there are fatal mistakes in trading. This is a trading job. This is an investment. What is called investment or work must use knowledge, it must use methods so that we can profit continuously.
#648 - October 19, 2023, 09:00:56 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
The benchmark for success in trading is the profit generated from buying and selling and we must have knowledge to be successful in trading, not just by guessing.
#649 - October 19, 2023, 10:20:11 PM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
As a trader, we should know that all the analysis we do requires using knowledge. Basically, when we want to carry out a business activity, we must be able to have the ability to use knowledge in that business when we do forex trading. We also have to know what knowledge we use and need in this activity, such as knowledge for management, knowledge for analyzing graphs, knowledge for using open positions with reasonable lots, knowledge of holding risks, all of this is knowledge that must be used because after all when we trade without using knowledge it will also be difficult, it will definitely be impossible to be consistent, maybe we can make a profit, but we will lose more, so there is no need to rush to trade, try to practice first using a demo account until you proficient
#650 - October 20, 2023, 10:18:04 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
In my opinion, trading is like a war zone. Before you enter the war arena, attacking blindly without a proper strategy is not a wise strategy. therefore we need to study first
#651 - October 20, 2023, 01:07:12 PM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
As a trader frankly. You have to know the science to trade properly because. being one anyway. the trader may not use it. trade carelessly because this is related to money, therefore you must be able to. use your money well. by applying the knowledge you already have. learn it before you master the knowledge that can analyze or open positions. It's best not to trade by opening a real account first so you can stay focused. use a demo account.
#652 - October 21, 2023, 08:45:01 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
In trading, you have to learn things that can make you profitable, such as discipline. The most important thing is that you are disciplined with yourself. One of the doors to big trading wins is discipline.
#653 - October 21, 2023, 12:08:49 PM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
I really agree that in trading you have to know the knowledge of trading you have to know the management of trading you have to know how much we want and how much we risk. We have to know all of that before we use a real account because when we trade we don't use knowledge, we only use feelings or only use signals. it will actually destroy you, it will make your account never grow. I guarantee that because a professional will not do something like that. It's wrong for professionals to be afraid of trading without knowledge. It's better if they don't trade first than not having any knowledge at all.
#654 - October 22, 2023, 10:21:33 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
Trading based on knowledge will certainly be better than trading without knowledge because it means you are like gambling with the market.
#655 - October 22, 2023, 01:34:27 PM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
All trading must start from knowledge without knowledge we might not trade easily and we must be able to learn knowledge with calm results and a comfortable atmosphere to focus without it all we might not know how to analyze how to open a position Moreover, the way to get consistent profits is knowledge. Don't underestimate knowledge, don't underestimate it because knowledge is the only way to provide us with the strength to carry out trading analysis well.
#656 - October 24, 2023, 07:49:27 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
In trading, it is indeed mandatory to know the knowledge, meanwhile you must be able to use your time to always study seriously because only in that way will you be able to realize trading with competent knowledge because when you use knowledge at will, you don't use knowledge carelessly. You will be able to get big profits and that will make it even more difficult for you to get good profits because it is mandatory for you to always deepen your knowledge.
#657 - October 25, 2023, 08:00:52 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
I think the knowledge taught only from seminars is not enough, we need some additional references to broaden our trading horizons to be successful
#658 - October 25, 2023, 08:04:55 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Well, that is indeed one of the things that is mandatory before we do forex trading because knowledge is a very important thing that dominates you to be successful in a business because when you don't have the knowledge and don't have the provisions to trade you won't be able to do that well and what will happen is that you will make foreign exchange trading like gambling because you don't have any knowledge, therefore it is very important to know the knowledge first before you are surprised to immediately start trading forex.
#659 - October 26, 2023, 08:06:42 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
all trading activities all forex trading activities require knowledge. The knowledge doesn't have to be great. The knowledge doesn't have to be done by professionals, just use indicators and support and resistance. I think that's good because the learning referred to here is learning that uses data. using a back test So it's not that it's not suitable, just replace it, it's no longer suitable, immediately use another indicator, that's not what I mean here is the science of always consistently using the same method, with a method that you practice continuously. I'm sure the accuracy will be high.
#660 - October 27, 2023, 07:47:35 AM

Members:

0 Members and 1 Guest are viewing this topic.