Traders will need skills and knowledge

[Merk Porter]

As I am trading in a world market platform of forex which is a virtual platform, I know it very well that that as a forex trader I can face some difficulties if I lack adequate trading knowledge, expertise and skills. For this reason, I have always tried my best to acquire sufficient trading knowledge so that at least I can attain the courage of making wise trading decisions always.

 

[tomorton]

As I am trading in a world market platform of forex which is a virtual platform, I know it very well that that as a forex trader I can face some difficulties if I lack adequate trading knowledge, expertise and skills. For this reason, I have always tried my best to acquire sufficient trading knowledge so that at least I can attain the courage of making wise trading decisions always.

Hey Merk, why don't you reply when other traders reply to your posts and ask you direct questions?

I'm beginning to think maybe there is no such person as Merk Porter............

 

[NVP]

from the phrasing and structure of the posts i would say its a computer generated anyway......ZZZZ

 

[tomorton]

from the phrasing and structure of the posts i would say its a computer generated anyway......ZZZZ

No way! But he talks such sense! I really was thinking maybe it was some superstar trader lurking here, eccentrically incognito. Maybe it still is.... Let's see what he says.....
Hey Merk, what do you think of buying Shell when your account is 50% underwater on BP?

 

[James turtle]

I think one must acquire analytical skills to trade. The ability to analyze the trading charts, methods, indicators, forex signals are important to understand and also comprehensive research on currency pairs or commodities before you start to invest.

 

[scarlet jones]

As I am trading in a world market platform of forex which is a virtual platform, I know it very well that that as a forex trader I can face some difficulties if I lack adequate trading knowledge, expertise and skills. For this reason, I have always tried my best to acquire sufficient trading knowledge so that at least I can attain the courage of making wise trading decisions always.

Yeah , great. For gaining more knowledge on forex trading, you refer to some good trading books, articles, magazines etc. You can also check out youtube tutorials and some websites even offer free courses online like babypips and some others .

 

[J_C_Anderson]

I fully agree with the importance of knowledge and education for trading process. Many traders fail just because they lack proper background. Most of them (especially newbies) often think that they have no time for education - they need to earn money. They start trading withot necessary preparations and only after losing a substantial amount of money start to think about it.
Almost all those coming to trading have no relevant education on previous background in finance. That is why it is so important to get familiar with at list some basic concepts and elements. First of all it is important to understand they way financial markets operate. Fundamental analysis is an important part of decision making process, so each trader should be able to read and understand financial news and report.
Despite all doubts, technical analysis si important to. To my mind, it provides traders with the possibility to turn the fundamental idea into the particular trade. It is quite complicated from the first sight, but when you will study the main concepts (like Dow theory or the trendlines) it would be easier for you to understand other elements.