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    Thread: Should I trade on the basis of theory? (Part 2)

    1. #71
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      Theory is not much important then practical knowledge . New traders need to do demo account practice for 6 months at least for getting good knowledge . If a trader can make consistent profit on demo account he/she can easily make good profit on real account . Theoretical knowledge is necessary for know the market well . but practical knowledge is most important .


    2. #72
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      well, learning starts from the theory. here you learn how the business works, but you have to put the theory to practice before you can have a good grasp of the business. hence you must trade on the demo trading account to gain the actual trading skills.


    3. #73
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      At first we need theoretical knowledge but we must concentrate to learn practically.We cannot fully depend on theoretical knowledge for Forex trading.We need to trade regularly which is important to increase our practical experience.The more we practice the more we get knowledge.We should not ignore theoretical knowledge because we need basic knowledge all time in our life.


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      Forex trading is a practical business therefore you should learn it practically for understanding its features . You can prove a theory with experimental practices according to the facts and laws .However theories help to get experience of trading but you can not trade only on the basis of it . We all know that Forex is a big profitable business but with out perfect skills can not prove it .


    5. #75
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      In my opinion the theory is nothing its all about personal strategy which give you profits because theoruea are based on individuals experience the theory setter do not knkw your capital your skills your control over risks factors so be a good practicer to get success practice on your skills on your personal trading tools to ve a good trader..
      Trust only on Allah


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      Dear fellow traders traders goes beyond mere reading avalanche of materials over the weekend and coming on Monday to put those things to practice on real trading account instead trading in forex requires unlimited time specifically allotted to real training and retraining before going live as mistake might be a costly mistake.


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