Skills For Forex Trading

[greenie]

Forex trading is not for the faint mind. The reason is that the fluctuation of the market price as it goes up and down can cause a great panic for the weak minds. A person who wants to trade forex must be good at reading chart and know how to signal.

 

[HayKay]

That's great. You should also add that there's the need for patience and self control when it comes to trading forex.
Another skill I feel that's needed to be learnt or developed is risk management - that's how you can get profits.

 

[greenie]

Forex trading is not for the faint mind. The reason is that the fluctuation of the market price as it goes up and down can cause a great panic for the weak minds. A person who wants to trade forex must be good at reading chart and know how to signal.

 

[Danny4cash]

You've really mention them. Those skills are very important in forex trading. Expert have advised that forex trading is very risky business and such anyone looking to venture into it should be grounded in all the skill you listed. Analytical skill, especially is very important.

 

[Sincerem]

Mathematical skill may not be all that needed. Technical skill is what is needed and this is quite different from mathematical skill because technically you will be dealing on how to understand the market structure.

 

[tray59]

Skills is one of those things which you can derived from forex demo account so knowledge and skills is important when it's come to forex market you need learn how to do both fundamental and technical analysis

 

[Treborika]

Forex trading can be a very profitable business. However to succeed with it one must go through special training in classes to learn about it. Folks have it that if we'll trained they can really make it through Forex trading.

 

[tray59]

Forex trading can be a very profitable business. However to succeed with it one must go through special training in classes to learn about it. Folks have it that if we'll trained they can really make it through Forex trading.

If you can read my previous post you will see that I stated that skills is one of those things which is needed if you have proper skills and knowledge then you will definitely be able to trade well and make some gain

 

[Genie01]

These skills are not learned overnight. It's takes time energy and resources in other to attain that state.
But once that state is attained, the rest is history

 

[Smiles20]

Anybody who wants to become successful in the forex market should be somebody who has the ability to analyse things very critically and also to be able to detect news on time.

 

[Setho]

You are somebody who should have the ability to think very quick because most of the decisions that you are going to make her going to be happening my time is running out because the market is always busy.

 

[GIFTMICHAEL]

You will definitely need a lot of emotional strength to be able to trade the market. It is not an easy thing trading a market that could possibly liquidate your money within a short period of time.

 

[Ofonime6]

Absolutely you need to have a skill on how to do both fundamental and technical analysis its the two skills which you must have if you want to make success in forex.
Forex is never an easy market you earn with your develop skills

 

[Floura]

Before you can start to trade the financial market you are expected to have a good knowledge of price action, that's technical analysis, it will really help you.

 

[ghxstvecna]

Like strong mathematical and analytical ability regardless of which market you choose to trade.

 

[joy101]

One cannot just wake up start trading on forex without having full knowledge and understanding about forex trading, because trading without having knowledge on it, you can lose alot from process.

 

[Lynaia]

I use to hear that as a forex trader, there are three(3) skills you need to develop that will help you to manage your trading skill, your anticipating skill, your planning skip and your analyzing skill

 

[Ofonime6]

You need to have the skills to do both the fundamental and technical analysis if you dont have the skills to make analysis seriously I bet you wont be making any money from that financial market.

You must spend some time in your demo account as well and be learning for productivity