How Much Knowledge Do We Need?

[budado]

Problem with experience is that sometimes we become over confident and when that happen we let our guard down and we can end up getting lots of loses. Right now one of my account got MC. Its a big loss. But lesson learned. I hope that in three to five months I can recover. Problem is that I been earning for eight months straight that I just don't feel vulnerable to get MC until last night.

 

[ryuken]

I think we have to base this based on the results, like say if we wish to make 20 percent of the profit, then we have to deal wiht it like that. If we wish to make 10-30 percent then our knowledge needs to be tweaked like that. Things are going to be like that for soemtimes if you ask me.

 

[Cutiekc]

Problem with experience is that sometimes we become over confident and when that happen we let our guard down and we can end up getting lots of loses. Right now one of my account got MC. Its a big loss. But lesson learned. I hope that in three to five months I can recover. Problem is that I been earning for eight months straight that I just don't feel vulnerable to get MC until last night.

Thats right when start getting profits constantly people tends to be over confident in them self whereby not making proper analysis and trading at the wrong timing,well this is the mistake every body encounters and correct them self.

 

[glucoseguy]

I think we need as much knowledge as we can in order to become a successful Forex trader. I've seen situations in which well experienced traders still encounter losses therefore its best that forex traders try as much as possible to learn as much as they can by not repeating mistakes that may have lead to losses in the past.

 

[Taha Nizam]

It's very important for investors to know these kinds of research. And therefore, in the begin of their actual dealing they will going to develop their own dealing technique and discovered to be more cautious and choose better on their deals. Our encounter will indeed obtain us information over time.

 

[Fighters93]

Friends we should have proper knowledge in order to enter trading field,check out first for 3-4 genuine companies then look out every company's features.After analyzing go for trade under company which have smart features!!

 

[Cutiekc]

Personally when we have the basic knowledge that will make us be able to start along with the real account as time goes on we will be able to acquire some knowledges as well because waiting for a certain amount of knowledge will be wasting time because as we trade the more we learn.

 

[chintu]

Forex is not a business where we just need to learn and start earning but forex need a very deep analysis and every day knowledge on what is going on in the market . Every trader will always making him self skilled every day by reading some good forex journals and as well keep there knowledge update with the forex news .

 

[Taha Nizam]

i think Forex is a very risky business but he needs some of experience about Forex trading so you needs many of experience for Forex trading because experience makes your trade good and profit able so keep many experience about Forex because he is very imported for good trading.

 

[riddick09]

We should have more knowledge by our trading experiences. This surely needs time and effort because, we can't absolutely have these knowledge by just reading. It's different knowledge which also very significant for every trader. While our trading history can be a good source of relevance info also.

 

[kasual]

after reading, traders need to applying their knowledge into trading in demo account. with it, can be sure that traders skill will be improve significantly, than they choose to keep reading while left lots of knowledge memory in their brain. traders will forget their previous knowledge for sure without have opportunity to applies it in practice trading.

 

[budado]

Theirs no much in knowledge. If you want to earn in forex you need to dedicate your self on constant learning. The more you learn the more you can earn and the more you end up getting lots of profit. That's why I don't recommend that we spend time in thinking of earning if we don't spend time thinking of learning.

 

[riddick09]

If we continue on trading for sure, we will also keep on progressing our knowledge and experience. Both of it are important to traders that we have many benefits while we are trading but it does not mean that we will not have losses. Our knowledge are limitless and it can acquire knowledge during our trading.

 

[budado]

That's true. The more we trade the more we learn. But problem is that sometimes what we learn we also ignore. For example me. I do earn in forex trading for few months now. And I know what is my do's and dont's in forex trading. But funny thing is that even though I have the do and don't in forex trading I still end up doing to don't and ignoring the does. lols.

 

[kasual]

That's true. The more we trade the more we learn. But problem is that sometimes what we learn we also ignore. For example me. I do earn in forex trading for few months now. And I know what is my do's and dont's in forex trading. But funny thing is that even though I have the do and don't in forex trading I still end up doing to don't and ignoring the does. lols.

seems like you still regret from your previous loss cause you break your own rule. relax dude, there is many opportunity left to us to preparing back and start new trading journey with better understanding. not only you, me and other traders I am sure experience the same way and it help us growing as a trader.

 

[riddick09]

It shows that even we have done with some experiences and also become knowledgeable about the market we will still see in ourselves those weaknesses and breaking of the rules or strategy we set up or we don't stick on our trading plans.

 

[nahid]

I know that knowledge is such an integral part of becoming a successful trader.I found this forum on Google and interest with how it's develop.A trader is not limited by the basic information about Forex online trading. Learning experience.

 

[riddick09]

Basic knowledge can be powerful already if we just enhance it through experience and seek for more knowledge. Once we have start our trading we will have this progress of our learning and therefore, there's no specific knowledge need to be acquired in Forex to start with.

 

[mohsin01]

I found this forum on Google and interest with how it's develop. A newbie for Forex online trading should learn and learn from many source for enhancing his/her knowledge about Forex online trading.Forex trading is a learning process. You do not become a professional trader overnight. You need to read about the process and understand trading strategies to be successful

 

[Nazmul01]

Well,This is very good question for me But is very difficult to say how much knowledge you need but in my personal views knowledge is very important in Forex market.