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Knowldge is important | Myfxbook
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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?
Biedrs kopš   34 ieraksti
I would say knowledge is the most important part. How will one succeed if the basics are only not clear.
Apr 12 2020 at 17:21
Biedrs kopš   48 ieraksti
He means something else on that, he means something like demo account where you do play on some artifical money with the help of that you may get some more knowledge in future for all other goals absolutely and possibly anyway.
Apr 13 2020 at 12:12
Biedrs kopš   33 ieraksti
Without knowledge, one can not succeed in forex trading. It gives you the confidence to trade efficiently and systematically in the market.
Apr 18 2020 at 13:16
Biedrs kopš   886 ieraksti
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.
Apr 22 2020 at 15:10
Biedrs kopš   364 ieraksti
We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.
Apr 23 2020 at 07:28
Biedrs kopš   60 ieraksti
And all the knowledge comes from demo trading..so you got to keep practicing on to get better in time.
Apr 23 2020 at 12:26
Biedrs kopš   39 ieraksti
Without knowledge, one can fail miserably in forex trading so it is important to strengthen your basics.
Apr 28 2020 at 12:12
Biedrs kopš   20 ieraksti
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.
Apr 28 2020 at 12:35
Biedrs kopš   1 ieraksti
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
Apr 28 2020 at 14:35
Biedrs kopš   886 ieraksti
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.
Apr 29 2020 at 07:34
Biedrs kopš   52 ieraksti
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.
Apr 29 2020 at 08:10
Biedrs kopš   3 ieraksti
I will say more, even experienced traders possessing a serious store of knowledge can lose their score.
Apr 29 2020 at 08:34
Biedrs kopš   41 ieraksti
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.
Aug 05 2020 at 07:07
Biedrs kopš   34 ieraksti
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.
Aug 05 2020 at 07:25
Biedrs kopš   4862 ieraksti
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.
Aug 05 2020 at 07:39
Biedrs kopš   102 ieraksti
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
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
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