• The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

Spend your time on learning

Spend your time on learning. Running for ready-made strategies is not learning. Spend time on MT4 or trading terminals. Learn how to read the market. Study books not just some pages on internet or ebook. Read about successful traders. Learn how psychology works in trading. That's all.
 
I agree with you. Self-learning is the basis for trading, and only by continually learning and developing a trader can reach any heights. This is especially true for a trading strategy; many beginners are trying to find a suitable strategy for themselves, instead of trying to develop their own, which will be more effective.
 
Learning is compulsory to trade in this market. Because every trader learns something everyday from this market. Most traders become expert in the platform by learning new things everyday from the market.
 
Yes I agree with you. Most people ignore the learning part. Most people think learning means how to use some indicators based strategy. By trading like this is like blind game. It's nothing but gamble.
 
Yes, learning is something that acts like a protective shield for a trader. If a trader is well versed with the basics and keeps learning side by side, he/she can get a better idea of how to deal with the markets and earn well. Good learning helps him avoid losses at all stages of trading.
 
You have to spend more time to learn the tools and techniques of forex continuously. The more you learn the more it is possible to make more money from this market. So, don't stop learning. Use your time properly to make money from this market.
 
Take at least enough time to learn everything about markets, trading platforms, trading terms (lots, margins, stocks, stops/limits, etc.). Practice trading with a demo account for a month or two. Depending on the time spent on learning, it can take 6 months to 2 years to become a professional trader.
 
Learning is very essential to survive in this market. You should learn all the terms and tools of Forex perfectly. You should spend more time to learn new things about Forex. It will help you to make profit from this market.
 
Many financial analysts say forex is high-risk, high-return businesses, and they are right. We live in the century that people don't want to spend any time on learning. But learning is a never-ending process in any investment market.
 
If you spend your time learning, you will never fail in trading. You have to learn first. If you don't learn and trade, you will never reach your goal. There are many learning mediums online from which to learn a lot. What you learn will not be lost on you. It is not a matter of trading in the market. Anyone can do it but not everyone can make a profit. If you want to make a profit, you have to learn to expand your knowledge.
 
Successful trading is the combination of everything. You need good technical skills along with necessary fundamental update. You need good MM and trading psychology. And to maintain all these you need discipline.
 
Make yourself capable first for trading. Invest your time for learning. Most traders start to run for different strategies. They ignore the learning process. As a result they drop from the market very soon. Focus on developing skills.
 
Leaning in forex trading is essential to grow as a trader. All traders should learn to backtest and create their own strategies and understand their emotions. They should also be aware of how to minimise risks. There is no running away from learning if you want to become a profitable trader.
 
Top