Due to lack of education

[Michael Butcher]

I think that reviews of brokers are important part for choosing broker and it can help you to understand this process of earning money. You need to have a lot of researching info, maybe, comments, study of licenses and so on. When I was looking for the right broker I found the good site Finarm com. I learnt a lot of info about brokers on this site. You should check it!

[e_abrams]

I think the most important part is whether a broker has a proper regulation. Random people may lie on the reviews - either in a falsely positive or a falsely negative way. State regulatory agencies won't do that.

[bigxy]

Regulations does count however i better rephrase the statement by saying like regulations plus reputation which also counts in my opinion.

[DonConcesso]

Due to lack of education, many traders and mostly beginners fail to make consistent profits. They treat trading like gambling and predict without a proper strategy, which later blows their accounts.

[e_abrams]

True. And actual forex education takes a lot of effort and a long period of time, it's not an easy thing at all.

[Vaabum]

Training in this industry is critical. Without this, it will be quite difficult to get a positive result.

[Hudson]

Forex education is important before live trading. Due to the lack of education, many beginner traders have blown their accounts.

Even experienced traders consistently learn new skills and strategies to make consistent profit in forex.

[Vaabum]

For a trader, the lack of training is really critical. When I started working with a broker from ExpertOption, I used the demo mode to get enough knowledge and experience.

[FXOpen Trader]

On 10/26/2021 at 7:01 PM, Vaabum said:

For a trader, the lack of training is really critical. When I started working with a broker from ExpertOption, I used the demo mode to get enough knowledge and experience.

We will need to spend some time in learning about the Forex markets and become Better Traders.

[Dora Wi]

I agree, without proper learning, you set yourself up for failure. Apart from this, if you think you have sufficient knowledge but you are still not doing well, also look into trading psychology - sometimes it's our emotions that derail progress, and that shouldn't be ignored, either.

[Vaabum]

The only way to achieve success in this industry is to work on yourself and the desire to improve your knowledge. This is the only way to achieve success.

[Ralph]

If traders do not obtain basic knowledge about forex before entering into live trading, there are high chances of blowing up the accounts.

Lack of education in forex can only lead a trader into losses and finally give up trading.

[Vaabum]

The most annoying thing is that it can affect the results of the trader's work. The more skills a trader has, the better the result.

[bearhugs]

Yes, experience is the key of achiveing success in the Forex Market.

[Vaabum]

It is important for a beginner to learn well. As for me, this is a really important aspect that is important to consider if a trader wants to continue working in this industry.

[Andrae]

Due to lack of education in forex trading many newbie traders have blown their accounts and given on forex. Which is why brokers have demo accounts, so beginner traders can practice before using a live account.

[Vaabum]

Training is a very important aspect for success. I advise you to pay enough attention to this.

[bigxy]

On 11/18/2021 at 12:09 AM, bearhugs said:

Yes, experience is the key of achiveing success in the Forex Market.

Yet we have to go through many bad experiences to conclude the best which lead us to become a successful forex trader of future.

[Vaabum]

When I wanted to get enough experience, I worked on a demo account of the ExpertOption broker. For training, this is really the option that can give the trader knowledge.

[nanamage]

Are the educational facilities at ExpertOption paid with a top-up amount of money?

[Vaabum]

Education for a trader plays an extremely important role. At least when I started working with a broker from ExpertOption, I paid enough attention to this.

[FXOpen Trader]

On 1/25/2022 at 11:41 PM, Vaabum said:

Education for a trader plays an extremely important role. At least when I started working with a broker from ExpertOption, I paid enough attention to this.

If we are Educated enough then the chances of getting the profits will get increased.

[Vaabum]

Education in this industry plays an extremely important task. Only having enough experience can you get a positive result of the work.

[boltushkin]

Lack of education leads to trading mistakes which turn quickly into wipeout of your trading capital. That's why I spend a lot of time watching youtube webinars including Hotforex daily digest to improve level of my trading knowledge everyday and stay on edge. 

[Vaabum]

Knowledge for a trader is the most key indicator. Only by gaining knowledge a trader can get a positive result.