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What is the importance of knowledge?
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Aug 01, 2022 at 12:06
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Trading knowledge and a trading plan is paramount to having a successful trading journey. It is important to understand that trading education will never be over and that there will always be new concepts to study, strategies to develop, and skills to master.
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Aug 01, 2022 at 13:43
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Oh in general, you say the right things. But I do not agree with everything. As for me now the knowledge about forex obtained from books is too old-fashioned. Time goes by, stock markets change, CFD's changes. Now there is a different trading methods and other methods of earning. Therefore now it is more correct to receive new knowledge directly on Forex forums, lmao.
Aug 05, 2022 at 10:16
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In order to be successful in forex trading, traders need to have a good understanding of the market and how it works.
By educating yourself about the market and the different forex trading strategies, you can make more informed decisions about your trading. And can manage, minimise your risk and maximise your profits.
By educating yourself about the market and the different forex trading strategies, you can make more informed decisions about your trading. And can manage, minimise your risk and maximise your profits.
Aug 12, 2022 at 13:13
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It's very important when you're choosing a broker. Make sure to do a comprehensive comparison.
Aug 12, 2022 at 13:17
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To learn to use some forex tools is a way to get forex knowledge
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Aug 17, 2022 at 06:04
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If a trader doesn’t have knowledge about the trading, how will he place the trades and expect to win? Trading without knowledge makes it gambling, which is full of risks. In gambling, you can win big but you have the risk of losing it all. With knowledge, you will know the techniques of how to manage losses as well. In a nutshell, knowledge is the first step of the ladder to success in forex trading and you can’t afford to skip.
Aug 17, 2022 at 10:35
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OP has explained the term ‘knowledge’ in detail through the post. And when we talk about forex trading, knowledge is the foundation that helps us to develop skills as a newbie trader. Market knowledge is very much needed to make money from forex trading. Having knowledge surely gives us an edge without which we won’t be able to move forward in the forex market.
Aug 17, 2022 at 13:17
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Be wise to implement the knowledge, my suggestion is to start with some forex tools.
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Aug 18, 2022 at 10:12
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Ambersmith345 posted:
Trading knowledge and a trading plan is paramount to having a successful trading journey. It is important to understand that trading education will never be over and that there will always be new concepts to study, strategies to develop, and skills to master.
Yes, to be a successful trader one should track the daily chart patterns and broad economic issues that influence financial markets.
Aug 18, 2022 at 11:23
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Knowledge is everything in trading. Without knowledge, there is only failure in forex trading. We cannot depend on others or copy them to trade. We have to focus on our own game and trade, for which knowledge is absolutely essential. Moreover, it doesn’t make sense to trade without knowledge when there is so much information available on the market these days.

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