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    Thread: Have to learn basic knowledge in trading (3)

    1. #111
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      Yes you have to learn the basic knowledge in forex trading because this is how you build a solid foundation. Learn how to read various candle stick pattern and know their effect in the market, also learn how to analyse the market using various tools like moving average, stochastic and candle sticks. These are basics of forex trading that would go a long way in helping you execute trades.

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    3. #112
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      To many informative websites are available in web world to find important information about Forex business. if trader want then they can collect the information or study malarial to make him a good knowledgeable trader in Forex market I think. In this case I think youtube is good to study about Forex market and also many this kind of forum also provide real information about Forex market.

    4. #113
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      Knowledge is everything in forex trading. Do not start trading forex on the knowledge and opinions of others! You need to acquire basic forex knowledge and even more than just the basics so you can be your own trader. You need to always have your own views and perspectives on the forex market. This will make you confident and profitable. Forex business is for you to be your own boss, so make good use of the opportunity by investing your time to acquiring knowledge and experience that will guarantee your success.

    5. #114
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      Basic knowledge in trading
      A fundamental element to gain knowledge and experience, the distinguished trader possesses the technical and basic tools in the market and knows all the fundamentals of the market. The basis of success in the market is the trader's control of the technical tools in the market and know how to trade and good timing for trading.

    6. #115
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      Basic knowledge of forex is necessary before starting trading. It is a real business and there are proper rules and strategies. Without knowledge and experienced, we can not get success in trading. Learn the forex properly and then enter the market by using different strategies and concepts. Learn the market analysis, money management and risk management are the parts of learning process.

    7. #116
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      Basic comes first. We must know basic things about forex. What is currency, what is trading platform, indicators, candlesticks , chart pattern. These all we must know. We should start with basic. If we can not acquire basic knowledge then we won't be able to know more about forex. Start with basic and slowly move forward.

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      Yes , basic knowledge is mandatory for every single trader to be a good forex trader. Basic knowledge is a key or fundamental tool for traders because if a trader does't have proper knowledge about the current market situation then he/she will not take correct decision and profit. A trader needs to spend enough time to analysis about forex market and gather basic knowledge. if a trader does't know the basic knowledge about forex business then he will not take a better decision.

    9. #118
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      We can learn basic by watching the videos of trading where all the information and step by step guide us how to open trades stop loss and take profit tools all the basic thing in mt4 will tell us how to operate them so we can follow it and makes our business secure.

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      Technical analysis of which the understanding the candlesticks pattern is an integral part of it, is among the basic knowledge that a trader needs to acquire about the forex market, in order to make a meaningful progress in the business.
      THE POSSIBILITIES IN FOREX TRADING ARE INFINITE, YOU CAN ACCOMPLISH ANYTHING !

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