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    Thread: What would you prefer, in depth trading knowledge or strong psychology?

    1. #11
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      Quote Originally Posted by sunnysaroar     
      In fact it is very hard to choose one between these two for me. Because i think both of them are equally important to trade successfully in forex. But if a asked to choose one of this, then i'll choose deep trading knowledge. Because it is must to trade successfully and if a trader gather this, then i am sure he can easily improve his psychology. That is why i'll prefer in depth trading knowledge.
      I understand your preference since everyone wants some clues to being a successful trader in the beginning, but if you think better, psychology is more important because if you can't handle your own emotions, you can not use any strategy to its full potential


    2. #12
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      Actually both are necessary a depth knowledge and a strong psychology in fact both go hand on hand as if you have depth knowledge then only you can have strong psychology and you will understand the market correctly and once you understand the market then surely will get the success.
      Enjoy Trading..!!


    3. #13
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      i will definitely prefer in depth trading knowledge in this forex trading business, because if i will know each and every important thing related to this forex trading market then it will definitely help me in doing good trades all the time, and in this way i can also become a successful trader of this forex trading market.


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      There also learning a lot cannot help if trader will not learn only necessary information. That is why I will choose strong psychology in forex market which is also significant factor in good trading. With this approach traders will have a lot of chances to get income in forex.


    5. #15
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      Forex trading is a business where a forex trader needs to have a proper knowledge and also all kinds of good things in their mind. The trading knowledge is very important and they should also have a good mental and psychological setup to do it better.


    6. #16
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      Well this business demands in depth trading knowledge. If you are knowledgeable enough because with the knowledge you must have developed some interest in trading and a lot experience will equally handle the psychological aspect of trading.


    7. #17
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      We are need to use our best skill to know which is the best weapon for survived. When we are have good analysis on fundamental we must use it as our primary analysis than technical, but when we are get the reverse condition, we are not good at fundamental view, we can use mathematic and line calculation based history as our main system. These knowledge are our main weapons, need to use it properly to know which is our best on earning.


    8. #18
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      A depth trading knowledge without a proper psychological management is a frequent characteristic of those traders that achieving a profitable performance, ended up their trading careers when get bankruptcy. So I would prioritize a strong emotional control through psychological strength rather than technical knowledge.


    9. #19
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      I need both in order to be successful. The more quality that you have, the higher chances you have in order to be successful. Don't just think that ifyo uhave one then you can be successful. We need to have a lot of good quality if we want to become a good forex trader.


    10. #20
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      I consider that knowledge is the best in which we can build that means the style of our work in this market. This is because through knowledge can understand everything about the movements of the forex market and methods of achieving multiple profit. By doing so, we can be our own strategy


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