Learning is the first condition of earning, before entering into forex if you learn good about forex it will give you good thing..you learn more you earn more it is the universal theory..so learning is very essential for earning in forex.
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Importance of learning forex!
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Experience comes after you had learn how to do it. You won't have an experience to walk without learning how to walk. Trading experience comes through the practicing process. Keep on practice with demo account surely you will get an experience in trading.
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You can toss a coin and make trades and still be profitable (read the farmer's anecdote in Jack D. Schwager's Market Wizards). But even then you will have to learn about money management and risk control, which are huge topics. I personally read atleast 5 books every month. Still I dont know enough to make more than 11% annual returns. And even that is a HUGE deal if you know how hard that is.
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Originally posted by GabanExactly. We can get experience from practice. But we also can get trading experience from other trader, beside from demo trading. We also can use it to learn and improve our trading skills.
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Originally posted by firmanta View PostThat's right, we must maximize all the source that can give us a good experience for trading. Because if we really want to success on this bussines, we must work very hard to find a suitable strategy for us, so we can get a consistant profit by using it on this forex trading.
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Yes, it's important to become a consistent trader, by not being greedy, anxious or impatient. Learning from others is a good way to improve your own methods, but there are a lot of learning material that one can profit from, and practicing with demo accounts are a must for beginners.
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To get ready for actual Forex trading, you should get a good education in foreign exchange by taking some formal courses. These will assist you in understanding the way currency markets operate. With formal training you will understand the factors that affect currency markets. This will give you an edge when you graduate from your demo account and begin Forex trading in the real world.
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Originally posted by F0r3x View PostYes, it's important to become a consistent trader, by not being greedy, anxious or impatient. Learning from others is a good way to improve your own methods, but there are a lot of learning material that one can profit from, and practicing with demo accounts are a must for beginners.
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Originally posted by Biodun View PostImportance of Forex is to learn how to safely trade here. There have many sites in online .Generally, you are your own boss. The entire process of trading through the Internet is quite simple for anyone to understand.
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Originally posted by Gaban View PostYeah, we can learn forex by online. We can use forex forums, other sites to learn trading. No word to stop learn because we will get more knowledge that we can use to improve our trading skills.Last edited by FloridaTrader; 12-03-13, 06:10.
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Forex learning has great importance because a market that spins trillions each day is the place to be for the ones who are not satisfied with the amount of money they currently make and expect more from life. Profit drives capitalism forward and that’s why for many of those who are not satisfied with their lifestyle, Forex trading is an alluring alternative. There are risks associated to it, just like with any other lucrative business, but for the ones who treat foreign exchange seriously, the risks can be greatly reduced.
The real question is why Forex trading is so difficult for some and so easy for others, even though most of the traders start with little or no experience whatsoever. The trick is to select your forex robots with care, especially if you intend to trust their recommendation blindly. Drive Expert Advisors offers robots that run smoothly with the leading brokers such as Think Forex, Hot Forex, Alpari, Admiral Markets, Trade Point, Vantage Markets and many more.
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