No skill in trading! | Page 6 | Forex Factory

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No skill in trading!

  • #101
  • Sep 11, 2020 1:03am Sep 11, 2020 1:03am
Quoting DemoForever
I wish someone had told me years ago, it would have saved me a lot of time, effort and money! This "It takes 10,000 hours to master a skill" might well be true, but in my opinion trading isn't one of them! The sooner the frustrated trader realises that trading is just following some trading rules, carrying them out to the letter, the sooner they can sit back and just trade without the stress of searching for something that isn't there! Just my opinion.

In order to derive to those simple tricks, you definitely need a lot of experience. So it does take time and patience.
  • #102
  • Sep 11, 2020 2:13am Sep 11, 2020 2:13am
Skills are definitely an important factor for trading. Skills comprising of risk management, money management, patience, determination, and so many much are achievable through your trading. Without them, you have a higher chance of blowing up your account because of not taking advantage of those skills that you could have learnt.
  • #103
  • Sep 14, 2020 11:09am Sep 14, 2020 11:09am
You need skill in trading just like you need skill in winning a chess game.
  • #104
  • Sep 15, 2020 3:09am Sep 15, 2020 3:09am
There is no free dinner in forex. If you want to play this game, you need to know the rules. If you think that there is some easier way, than you are entering into field of gambling with your money.
  • #105
  • Sep 15, 2020 3:35am Sep 15, 2020 3:35am
It is not possible to trade without trading skills. Because if you don't know anything about trading then how to make a profit. To make a profit, you must gain experience in trading. There are many types of Forex-related videos and articles published online. You can learn a lot from these sites. You can learn from a good mentor if you want. There are different types of books you can learn from there.
  • #106
  • Sep 15, 2020 4:57am Sep 15, 2020 4:57am
Yes most people are introduced to forex trading by telling some unrealistic talks. No one says it takes years to get enough skilled. 3 months or 6 months is nothing for forex learning. A person need a lot of study and practice.
  • #107
  • Sep 15, 2020 9:05am Sep 15, 2020 9:05am
Quoting MarcoDresner
Yes most people are introduced to forex trading by telling some unrealistic talks. No one says it takes years to get enough skilled. 3 months or 6 months is nothing for forex learning. A person need a lot of study and practice.
A lot of people say it takes years to learn to trade though?
  • #108
  • Last Post: Sep 17, 2020 2:50am Sep 17, 2020 2:50am
There is of course skill in trading. Why I am profitable for six years, and why 90% of traders fail.
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