Knowledge and Success

This is a discussion on Knowledge and Success within the Forex forums, part of the Markets category; Trading knowledge is the core point of success! Which traders have good trading knowledge, they can make a decent monthly ...

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Old Oct 17, 2017, 6:20am   #1
Joined Apr 2017
Knowledge and Success

Trading knowledge is the core point of success! Which traders have good trading knowledge, they can make a decent monthly income quite comfortably! Itís a knowledge based profession, so which traders try to make money here based on their luck or emotions, ultimately they lose their capital whatever amount it is!
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Old Oct 17, 2017, 8:12am   #2
Joined Feb 2002
Being a private retail trader is not at all like being a member of a knowledge based profession. Traders are running a small business, and their business ability ensures success, not the volume of knowledge they have accumulated.
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Old Oct 17, 2017, 2:53pm   #3
Joined Sep 2013
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Originally Posted by tomorton View Post
Being a private retail trader is not at all like being a member of a knowledge based profession. Traders are running a small business, and their business ability ensures success, not the volume of knowledge they have accumulated.
Trading embraces variety of skills, time-magament, analytical thinking, versatile knowledge. Basically earning in trading means being first in all aspects - information, technology, analytics, decision-making. Its a wild market where no rules and you battle with universal market mechanics - perfect competition.
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Old Oct 17, 2017, 4:05pm   #4
Joined Feb 2002
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Originally Posted by gerryg View Post
Trading embraces variety of skills, time-magament, analytical thinking, versatile knowledge. Basically earning in trading means being first in all aspects - information, technology, analytics, decision-making. Its a wild market where no rules and you battle with universal market mechanics - perfect competition.

A good summary. To summarise further, decision-making ability with incomplete information trumps knowledge.
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Old Oct 18, 2017, 6:38am   #5
Joined Apr 2016
Trading needs knowledge and skills both to work in the market. We have to be aware of every aspect of trading to be a good trader.
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Old Oct 18, 2017, 7:13am   #6
Joined May 2012
The word "knowledge" seems to be thrown around a lot. It would be useful for those who believe in "knowledge" actually explain what that means and how it is actually important to success.
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Old Oct 19, 2017, 5:53pm   #7
Joined Apr 2017
Peter Borren started this thread No way to ignore the importance of knowledge for ensuring successful trading life. but besides this we have to emphasis on money and risk management.
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Old Oct 27, 2017, 11:51am   #8
Joined Apr 2017
Peter Borren started this thread Something agree. Good money management + powerful trading strategies = maximal result.
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