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Trading Knowledge

  • #61
  • Jan 7, 2020 10:38am Jan 7, 2020 10:38am
Quoting Butterscotch
Every lesson you learn in Forex is important for many reasons. Knowledge is something which will help you for your future trading work also.
knowledge is important , no way to deny , but more important another issue which is practice , because without practice any knowledge can be useless.
  • #62
  • Jan 8, 2020 8:51am Jan 8, 2020 8:51am
I think knowledge and practice in forex trading are like the hen and the egg, you can't have one without the other, nor can you tell which one comes first.
  • #63
  • Jan 23, 2020 3:14am Jan 23, 2020 3:14am
yes, its a good reply you have done. its a combination.
  • #64
  • Jan 24, 2020 12:17am Jan 24, 2020 12:17am
The reason why traders fail because they try to run even before they can walk. It’s good to have passion about trading but that doesn’t mean to directly jump headfirst into the trading as forex needs training too. So first clear and understand the basics of forex trading, do your own research etc.
  • #65
  • Jan 29, 2020 8:35pm Jan 29, 2020 8:35pm
I agree, using your knowledge and sharing with others can help you for the work and others too. But gaining right knowledge of work is important then you can move to next step.
  • #66
  • Feb 2, 2020 8:47am Feb 2, 2020 8:47am
The best way to do that is just to trade as much as possible.
  • #67
  • Feb 3, 2020 3:27pm Feb 3, 2020 3:27pm
If anyone is interested I have quite the library of trading books on my computer and if you were to PM me and we were to figure out the best way to share the files I.E. email, I'd be happy the share the collection. I tried attaching "The Psychology of the Foreign Exchange Market" to this post but it was too large, but that book is great.
  • #68
  • Feb 10, 2020 12:52am Feb 10, 2020 12:52am
Quoting mlawson71
The best way to do that is just to trade as much as possible.
That's true but equally important is to manage risk.
  • #69
  • Feb 11, 2020 9:27am Feb 11, 2020 9:27am
Quoting bunnyy
{quote} That's true but equally important is to manage risk.
I completely agree! Do you have any advice about how to do that?
  • #70
  • Feb 13, 2020 12:58am Feb 13, 2020 12:58am
right now so many traders depend on trading signal ,
its not a solution for long term. for that reason traders especially
the beginners not wiling to learn knowledge.
  • #71
  • Feb 13, 2020 10:26am Feb 13, 2020 10:26am
I agree. I think one should learn to trade manually on their own before they begin to rely on signals or EAs.
  • #72
  • Feb 16, 2020 8:39pm Feb 16, 2020 8:39pm
There are many signal provider and new traders are still depending on them because they want easy money nothing else is the matter.
  • #73
  • Feb 20, 2020 9:33am Feb 20, 2020 9:33am
True. Usually people wanting easy money in this industry end up losing money though.
  • #74
  • Feb 29, 2020 9:19am Feb 29, 2020 9:19am
Quoting mlawson71
The best way to do that is just to trade as much as possible.
True; when trader has 2,000+ trades experience; then sure he/she knows where to stop & when to start!
  • #75
  • Mar 1, 2020 9:07am Mar 1, 2020 9:07am
Why 2000? Why not more or less?
  • #76
  • Mar 4, 2020 3:04am Mar 4, 2020 3:04am
Thanks for sharing. Is there any good books or training video on Price actions?
  • #77
  • Mar 4, 2020 9:29am Mar 4, 2020 9:29am
I rarely stick to pure price action, so I am not very familiar with those.
  • #78
  • Mar 5, 2020 12:49am Mar 5, 2020 12:49am
Quoting mlawson71
{quote} I completely agree! Do you have any advice about how to do that?
A trading plan helps you control risk. A risk to return ratio also helps you control it,.
  • #79
  • Mar 5, 2020 8:44am Mar 5, 2020 8:44am
I agree, no trader should approach the platform without a trading plan. It's one of the first things a newbie learn.
  • #80
  • Mar 6, 2020 1:26am Mar 6, 2020 1:26am
This was good info i make sure i put it to use.

Hope for more useful info like this.
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