Is it possible to earn in forex without knowledge?

[jaspermillard]

Nope, it is absolutely not possible to earn without knowledge. It's like trying to pin the tail on the donkey. Can you do it? Yes. Will you be successful most of the time? Absolutely not. Do your research and learn what works for you instead of blindly gambling.

 

[FXOpen Trader]

Nope, it is absolutely not possible to earn without knowledge. It's like trying to pin the tail on the donkey. Can you do it? Yes. Will you be successful most of the time? Absolutely not. Do your research and learn what works for you instead of blindly gambling.

We will need to increase our trading based skills and knowledge so that the profits can be started.

 

[adamartin]

You may earn a few trades with speculation and luck but for a long term,without proper knowledge and understanding of the market you may end up losing your money.

 

[Drizzle]

Trading without knowledge is called gambling and you will invariably lose. You may earn some money out of luck,but it will not work in the long run. Forex trading is risky and if you do not have any knowledge you are most likely to lose money.

 

[Piccadilly]

No. it is entirely impossible to earn in forex without learning about the market and acquiring the right skills.. You’ll just end up losing money.

 

[Flotsamm]

It is impossible to make any money without proper knowledge of the market. Forex trading is complicated and the market is highly volatile. As a beginner, one must put too much emphasis on learning. Only your knowledge and expertise will help you go far in your trading career.

 

[Triphibious]

Yes you can, but that would be gambling. But even to be a gambler in the forex market you would need some basic knowledge. Anyone who enters the market without knowledge won’t be able to last for long. The market is volatile and risky to begin with and even traders with knowledge and skills may struggle at times. And if anyone who has no clue about the forex market must be the luckiest person on earth to earn any profits in trading. In short, no one should enter the forex market without knowledge unless they are eager to lose their money.

 

[Mojo]

How exactly do you plan to make money if you don't know anything at all?
It is in your best interest to first educate yourself about the market and only then attempt to make money from it. In that case, you run the risk of squandering the money you've worked so hard to earn and then feeling guilty about it.

 

[Adolpho Sandoval]

Without knowledge, you may be able to make profits once or twice in the market out of pure luck. But for a long, successful trading career, you will have to learn well and practice even better. In simple words, your education will help you find grounds in the ever running market to apply your winning strategies.

 

[Akira Rush]

There is no chance of earning profits in the forex market without knowledge. It’s not like a regular paying job where you get paid for the work that you do. Your knowledge makes you capable of taking advantage of the market. If you don’t study, losses would love to empty your pocket.

 

[EloisDavis]

Without enough knowledge? I don’t think so. It is really impossible for you to succeed in the financial market without any knowledge. The Forex market is the most volatile market across the world. If you don’t have any knowledge, your chances of failing in this market are bigger. Knowledge gives you confidence to make your trading decisions. This is not a get rich quick scheme. Before you start trading with real money, practice first using a forex trade demo. When you’re more confident and ready to use real money, start with a little bit at a time.

 

[Hangdog]

I won’t suggest that way of trading because this may turn you into a gambler. Forex trading is a risky job and you need to have deep knowledge of the subject to be able to understand the market and make moves accordingly. Without knowledge, you will only be gambling around while hoping to make some money.

 

[Colossus]

Can you solve an algebraic equation without actually learning and practising algebra? No, right?
You might copy trade or follow someone else’s strategy without understanding a bit. With no knowledge of forex trading, you might earn a couple bucks by the grace of your luck, but it’s not possible to thrive.

 

[Increscent]

It is impossible to earn money in forex without proper knowledge. Don't forget. Forex trading is complicated and risky. One wise decision can make you a lot of money, while one bad decision can cost you it all.

 

[Isotaach]

This is not a trading strategy that I endorse. Successful trading requires a thorough understanding of market behaviour, which can only be achieved through constant learning and improvement. In my opinion, if you don't take this step seriously, you won't last long in the market. A successful trading career can only be achieved by continually improving one's skills and knowledge.

 

[Substractor]

If you want to gain experience in FX trading, you will need to start by learning and understanding the market sentiment firstly. Without this information, it will be tough to analyse and scan the market for a potential opportunity to be able to minimise loss. Learning is the first step, it is a good source to earn provided you put in the effort.

 

[Mecine]

Can you become a pro athlete without ever stepping a foot in the practice ground? So, No, you can’t become a trader without gaining any education. Forex trading is a dynamic market. Only those traders make money who are ready to put in the hard work and constantly update their trading skills as per the market conditions.

 

[Moilsome]

Not at all. You can’t make anything when you don’t learn enough. If you don't know much about the forex market, you can't survive at all. By learning about forex, you become knowledgeable and have an understanding of all its facets. You won't be able to control your risk-taking, and eventually you'll lose everything you have. Forex trading is not for you if you can't invest the time and effort necessary to learn.

 

[SaadBinToha]

A reliable trading broker is free of scamming and similar such issues and traders feel easy trading with those brokers.

 

[Mawkish]

If your luck helps, you may make a few bucks without learning. But when it comes to having a long, successful trading career, you will have to obtain forex knowledge and be ready for taking lessons and improving with every trade executed. The ever-moving market keeps coming with unseen challenges that need efforts and a big risk appetite.