People without knowledge!

**Zachary Davis** · 02-28-2016, 01:18 PM

Many people join Forex trade just because their friend or brother is making a lot of money on Forex trade, that is what attract them to join Forex trade too, hoping that if they join, they will make profit too. This people even learn Forex before joining. But no matter how they learn, they don’t still have the knowledge, because they are not destiny for that. So, my question is, is it right for those people to continue with the trade? Please, share your personal overview here spontaneously……….., I am hardy waiting for professional guideline through active members of MyForex Forums.

**Andre Silva** · 03-17-2016, 07:57 PM

It have come to my notice/understanding that with without knowledge we can start Forex trade, there is a saying that nothing is impossible, so if we join Forex to trade right from the demo account here is no why we will not get that knowledge about how the market works/move.

If we take time to learn Forex participating in many way like forum posting, seminars and reading trading eBook and watching Forex related videos. We will surely have the knowledge of Forex trading, we can just stay in one place and expect to have knowledge, if we do not participate on the demo account or any other there is no why we will get that knowledge. So, we need to participate in Forex weather from the demo or real if we want to have the knowledge about it.

**Marcus Reilly** · 03-17-2016, 08:13 PM

There are many sources for traders to gain more knowledge’s and there is demo account which can be used for training without risking any dollars so its very stupid for me if there is person who didn’t learn about Forex itself and did not trading himself in demo account but he entered into real account directly. Its easy to gain knowledge about Forex now so if you entered into Forex without knowledge’s so it was your own mistakes.

Besides knowledge’s , people should do a lot of practice because Forex needs to know how to implement my strategies in the right timing and how to maximize profit from the strategy which you’ve used. Demo account can be used to find out the best timing and suitable strategy also with good money management too.

**Ricard Dorman** · 03-22-2016, 08:34 AM

My candid opinion is that, anybody who has the passion and determination to trade Forex can actually succeed with it. I do not think success in Forex has much to do with destiny, it has to do with the level of preparation. A prospective trader should be thoroughly trained first before even taking the next step. Every available source of knowledge about Forex should be sought by a serious intending trader as a first step.

After that, there should be months of demo trading practice before going live. Even after going live, a passionate Forex trader will still be learning, because the more you trade, the more knowledge you are gaining about the market. So, anybody can succeed as long as they are ready to learn.

**Noin1976** · 04-27-2016, 04:56 AM

Yes knowledge is very important in forex and we can not succeed in this business if we have not much about forex. Trading in Forex do not depends al the time on luck and you can loose after some profits making with luck. so always prepare yourself for trade and get good experience in it.

**Jillur Rahman** · 05-07-2017, 08:40 PM

Naturally, when I started my trading journey here then my trading skill was zero! Even I don’t know how to use trailing stop trading tool! Knowledge is the main investment here! All of professional Forex traders are too confident because of their trading knowledge! So, please don’t try to make standard income here, if you are not confident about your trading skill!

**FXOpen Trader** · 08-31-2022, 07:07 PM

Originally Posted by Jillur Rahman

Naturally, when I started my trading journey here then my trading skill was zero! Even I don’t know how to use trailing stop trading tool! Knowledge is the main investment here! All of professional Forex traders are too confident because of their trading knowledge! So, please don’t try to make standard income here, if you are not confident about your trading skill!

We must make use of the stop losses in doing the trades into the markets.