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    Thread: Application of knowledge in forex, how important is that?

    1. #21
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      ordinarilly having knowledge about a business does not lead to success, what matters is the trader's ability to apply the knowledge. this is why it is important to practice on the demo so as to gain skills and experience in application of the knowledge.


    2. #22
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      Experience is very important in our way of trading foreign exchange. Most of the time our decisions are influenced by the opinions of other traders or signals analysts. So We enter into the market and we do not know why, which eliminates the possibility of our entry and exit from the market in the right time. This will undoubtedly return to the result of the exchange you have made.


    3. #23
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      application of knowledge is what actually puts the trader in the road to success in the forex trading business. to be able to apply knowledge, the trader must demo trade regularly and and gain skills from there.


    4. #24
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      Yes we may have enough knowledge base in the forex market but applying the knowledge sometimes is the problem of some traders, though in Forex there are some factors that mostly cause this, sometimes fear of Loosing can Be a major factor and lack of. Self believe also can be A big problem. The right thing in forex is learn and apply what will learn this is what will lead to having good experiences


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    6. #25
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      I think that knowledge is important but the knowledge is value less when you can't apply it in your real life when you need it. In Forex market you can't survive here without knowledge but it's more important the gathering knowledge to apply the knowledge. So, i think it's very much needed that you should apply your knowledge in trading and take good result from it.


    7. #26
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      Knowledge is essential tool of this business because without knowledge it will be only a gamble for you because you would not be able to find out the market trend and very soon you will lose all your money. Forex trading is not easy without knowledge. Knowledge give you confidence to do this business so give your maximum time to learn daily new thing then forex will give you money.


    8. #27
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      It is most important than your invested deposit nor trade balance. Knowledge is all that is needed to make you the successful the trader that you ought to be in the trade of the Forex market. Knowledge which comprises of a very good money management skill, patience and an avoidance of greed, makes your trading experience blossom so well.


    9. #28
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      In order to win forex trade, we must have to do perfect work in perfect time. We must have to do perfect analysis on perfect positions. We must have to take perfect decision in perfect time. We must have to become a perfect trader. But it is not so much easy work to do perfect work at all. Study, analysis and experiences are the main way to meet the perfect in forex business.


    10. #29
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      The process of knowledge and application of knowledge both are equally important
      The application of knowledge is recognized the main means of getting success in forex. In case anybody keeps his knowledge useless, he never solve his account from Ende up.


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    13. #30
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      The application of knowledge in forex is very important but in forex we also need to have experience. This experience can be gained by doing a lot of practice using demo account and real account. If we already have both knowledge and experience,we can get success in forex.


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