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Is math important for trading? | Myfxbook
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For being a good trader you do not need to be an expert in math. Basics knowledge of math will do the work. Learnt to read the market. Observe charts as much as possible. Do demo practice and apply what you are learning. Learn by doing experiments. Have a learning attitudes. You have to spend a lot of time in learning.
Why do we need the basic knowledge of math in trading like what?
There is no denying the fact that with mathematical talent and inclinations, it is easier for you to figure out your strategies.
Forex trading requires a whole arsenal of tools and skills. To get started, you need a computer and internet. It is important to choose a broker and trading instrument for which you have the best knowledge. It is important to constantly self-develop. Learn self-control. Develop your trading system and stick to it.
Dec 23 2020 at 10:35
Biedrs kopš   22 ieraksti
It is important to be able to analyse and read charts and trends. Basic math will do.
Dec 23 2020 at 11:18
Biedrs kopš   70 ieraksti
I guess you are implying that formulaes and calculation that are used in forex trading, which is useful but rather has very importance since the platform has already in built calculator that allows you to see profit or loss in each trade.
Jan 18 2021 at 04:06
Biedrs kopš   17 ieraksti
That’s right. A basic knowledge of mathematics is all a trader needs to understand the technical part of trading. Rest is all learning and skills.
Jan 18 2021 at 10:52
Biedrs kopš   55 ieraksti
I guess you are implying that formulaes and calculation that are used in forex trading, which is useful but rather has very importance since the platform has already in built calculator that allows you to see profit or loss in each trade.
You could consider the basic mathematics, that is, addition and subtraction which basically apply in forex trading, no?
Jan 19 2021 at 14:20
Biedrs kopš   19 ieraksti
It all depends on the complexity of the chosen strategy and generally a lot of individual parameters.
Jan 19 2021 at 14:28
Biedrs kopš   20 ieraksti
There are a lot of free calculators out there now that can calculate everything for you.
Jan 19 2021 at 14:39
Biedrs kopš   13 ieraksti
Well, you certainly don't have to be a PhD, but you do have to assess the risk of each order and the necessary investment, the size of the spread, etc. And all of this is the real math.
Jan 20 2021 at 05:16
Biedrs kopš   85 ieraksti
A basic maths knowledge is sufficient. For trading one must be focused, determined, critical thinker, and should possess analytical & research skills.
Feb 13 2021 at 12:36
Biedrs kopš   46 ieraksti
For money management and especially in risk magement, Math is really important and necessary.
If you want to manage your money and long&term risk to obtain long&short term success, Math & Stat
should be best friend for you and your system, I think.
Feb 20 2021 at 09:23
Biedrs kopš   48 ieraksti
Yes, basic math is important if you enter in trading because traders need research and analytical skills to monitor economic factors and chart patterns that impact financial markets. Math & Statistics can be your best friend for efficient trading.
Feb 21 2021 at 04:54
Biedrs kopš   886 ieraksti
learning keep a good importance, we all agree ,
besides this practice needed if anyone want to make sure good result from trading ,
Feb 21 2021 at 05:22
Biedrs kopš   364 ieraksti
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
Feb 21 2021 at 11:59
Biedrs kopš   298 ieraksti
Getting a good education about Forex is very necessary and important. If you have good knowledge about trading forex you can be a successful trader. There are many places are available on the internet where you can get good learning material and can start your forex career after getting good knowledge.
Feb 21 2021 at 14:43
Biedrs kopš   29 ieraksti
Basic maths is all that you need really
Feb 21 2021 at 17:41
Biedrs kopš   822 ieraksti
Basic maths is all that you need really
True. Traders don’t need any advance math for trading.
Feb 25 2021 at 08:54
Biedrs kopš   187 ieraksti
Basic math is required for trading so that you can have an exact idea of your profit and loss. And if you are pro in mathematics you can learn and do technical analysis by yourself also.
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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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