is forex for all??
forex is for all those people who can learn about forex trading and who can understand the forex market perfectly. in forex market those people can earn money who are educated because without proper education a person will not be able to earn money from forex trading because to earn money from forex trading a trader or person have to learn about forex trading.
Originally posted by Aseel88Anyone who wants to trade in forex must really know what he is about to do, exactly when and how should his trades be done, and that needs excellent education along with great experience... so yes if you want to join forex you must be well educated about this matter
In a general context I agree, but not the specifics...For counter argument sake as i said in another thread education is advantageous, experience is a bonus, but end of the day all you really need is to have been lucky enough to guess a market direction correctly and clicked buy/sell at the right time.
you don't need education or experience to make a random trading decision, but an INFORMED decision would be an advantage to reduce risks.
Originally posted by cheesyfinger
Originally posted by Aseel88
Anyone who wants to trade in forex must really know what he is about to do, exactly when and how should his trades be done, and that needs excellent education along with great experience... so yes if you want to join forex you must be well educated about this matter
In a general context I agree, but not the specifics...For counter argument sake as i said in another thread education is advantageous, experience is a bonus, but end of the day all you really need is to have been lucky enough to guess a market direction correctly and clicked buy/sell at the right time.
you don't need education or experience to make a random trading decision, but an INFORMED decision would be an advantage to reduce risks.
So you mean that its a matter of chance and luck? Well if you have the right knowledge and you are up to date about the market then for sure you can make the right and objective decision.
Originally posted by leebelisar
Originally posted by cheesyfinger
Originally posted by Aseel88
Anyone who wants to trade in forex must really know what he is about to do, exactly when and how should his trades be done, and that needs excellent education along with great experience... so yes if you want to join forex you must be well educated about this matter
In a general context I agree, but not the specifics...For counter argument sake as i said in another thread education is advantageous, experience is a bonus, but end of the day all you really need is to have been lucky enough to guess a market direction correctly and clicked buy/sell at the right time.
you don't need education or experience to make a random trading decision, but an INFORMED decision would be an advantage to reduce risks.
So you mean that its a matter of chance and luck? Well if you have the right knowledge and you are up to date about the market then for sure you can make the right and objective decision.
I think Cheesy means essentially yes, BUT even with up to date knowledge you won't necessarily make the right decision objectively... You simply make an INFORMED decision which will most likely increase your bias towards a certain decision based on the information you have received and interpreted.
The risk is still there regardless.... Something all traders have a love-hate relationship with
Forex is for everyone who wants or interested on forex trading,but first such person should educate himself of what is forex all about, how it works and everything.
In my opinion,Forex is survival of the fittest.Actually anyone can join but not everybody will succeed.If you have the will and passion to learn forex trading,then there is high possibilty that you'll succeed.
Anyway,learning forex became easier today with the emergence of internet.There is abundance of learning materials you can access like tutorial videos,sites that offer forex education and forums which are rich in knowledge and tips from experienced traders.It is just up to you how you maximize these stuffs in your learning process.
Originally posted by minu781forex is for all those people who can learn about forex trading and who can understand the forex market perfectly. in forex market those people can earn money who are educated because without proper education a person will not be able to earn money from forex trading because to earn money from forex trading a trader or person have to learn about forex trading.
Sufficient knowledge about Forex trading and Forex market is the key to a successful Forex career. Its your weapon to destroy your enemy. Along with this knowledge is experience and skills.
Originally posted by istiakahmedis educated person and un educated person both work in forex trading?My friends tell me that there are some problem increase for the uneducated people.
Is it true or not??I think education is important in any aspects in life,education is important in order for us to learn and to have a better living opportunities.And i believe the same applies when we enter the world of forex we shall need to be educated first learn the basic and everything in order to have a better chance in earning rather than loosing.
It also depends on the person if they have interest in trading.Because if you are really interested you'll keep on learning and gaining potential in trading.
Originally posted by dianayesIt also depends on the person if they have interest in trading.Because if you are really interested you'll keep on learning and gaining potential in trading.
Of course that is a prerequisite. No person will open a trading account if he is not interested with it. In the same way, those who are really interested will work hard to learn more about it because they want to succeed. Success is actually the magic word here.