Knowledge or skill

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Thread: Knowledge or skill

  1. #1
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    Default Knowledge or skill

    Knowledge or skill
    Knowledge itself a great help in any field. Without it we canít expect our desired success. Learning curve makes me better and better as day passes. In the FOREX market I believe knowledge is my weapon. Because I started my investment activity with only 1k and with the help of AAFX, I learnt many makes important aspects about the market. And now I am successfully handling my investment activities and earning enough profit.

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    Both Knowledge and skills are important. In fact skill comes from knowledge. Without knowledge you can not get skills. For knowledge you need to study a lot. Study about the market and study the charts also. In FXPM you will the best study materials any broker can provides.

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    The demo account is really appropriate for the traders who are particularly newcomers. In my demo account I use all my trading strategies to see the performance how it works. This approach always helps me to survive in a proper way in a live account.

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    I would say we need both of it, We need knowledge and experience and skills all of them to achieve success in the Forex and for that we gonna need to have lots and lots of practice.

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    Quote Originally Posted by Battledoom View Post
    I would say we need both of it, We need knowledge and experience and skills all of them to achieve success in the Forex and for that we gonna need to have lots and lots of practice.
    of course sir, in forex trading business is indeed require the name of knowledge and experience, because the two factors are very influential in generating profits, therefore traders must do a lot of practice and utilize the facilities of brokers FXB Trading, for traders can master and control his trading correctly and make a profit.

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    Always making profit is difficult in forex market. You can easily earn money if you have enough knowledge about forex market. But in spite of having good knowledge, it is quite tough to ensure profit all time. It is right that in forex market a trader can make consistent profit. But it is not all time. New traders should know that fact that earning money in forex is easy but always making profit is not so easy. They should keep patience and keep trying to make consistent profit. I couldn't make profit at first. But now I can make profit consistently with the help of Tpglobalfx because of their ease of trading techniques. They are like my guideline in the forex market.

  7. #7
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    Knowledge is the main thing to make profit in this market. Without knowledge, you are nothing in this market. You will lose all your money if you don't have any knowledge about the market. If you want to improve your knowledge and skill you can create a demo account. With the demo account, you can easily learn all the basics of forex. I also gather all kinds of knowledge and skill by creating a demo account in FOrex4you. On their demo account, I learn all the basics of forex. It is very easy to learn and the trade of demo account is just like t5he live account.

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    Quote Originally Posted by Ashley Mallett View Post
    Knowledge itself a great help in any field. Without it we canít expect our desired success. Learning curve makes me better and better as day passes. In the FOREX market I believe knowledge is my weapon. Because I started my investment activity with only 1k and with the help of AAFX, I learnt many makes important aspects about the market. And now I am successfully handling my investment activities and earning enough profit.
    Thanks, I also trade with Hotforex and find it a comfortable place for trading.

  9. #9
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    Knowledge is important but you must also be good enough to execute what you learn. If you just focus on getting knowledge and forget about applying it then it will not work. I am with FreshForex broker using their Educational setup to help myself understand things better and be able to reach far.

  10. #10
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    in ro ham eslah kon:
    "Forex trading works just like any other market that buys one currency using another. In the case of FX, the market price tells the trader how much to buy one currency to buy another. For example, the GBP/USD currency price shows how much the US dollar buys £1. The trader can also use leverage in forex trading. You can open a position for a very small amount of the total value of the transaction.
    Unlike products that do not use leverage, instead of taking ownership of an asset, you take a position by determining whether the market value goes up or down. Leveraged products can increase profits, but they can also increase losses if the market moves against you.
    "

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