Forex Zone - Forex Forum

Traders must be willing to do research

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 55029
  • Points: 217
  • Likes Received: 47
  • Reputation: +53/-46
It is true that a trader must be able to do research on whatever they do because when you are a good trader and want to do research then your activities in the world of trading will be more colorful than if you use standard methods but if you are not suitable you will be wiser when you use your own method by creating it yourself
#451 - September 14, 2023, 08:17:15 AM

  • Hero Member
  • Posts: 57930
  • Points: 215
  • Likes Received: 76
  • Reputation: +18/-46
When you do forex trading for the first time, you have to learn. between research methods Why is it important I think everyone is certain. has its own method because when you can create that method then you can use your own method to trade because. believe it or not it's better. using your own method. It's better to use the method we researched. Alone. So make sure that when we trade we have to learn about that problem
#452 - September 15, 2023, 09:20:43 AM

  • Hero Member
  • Posts: 55029
  • Points: 217
  • Likes Received: 47
  • Reputation: +53/-46
If you are a trader who cares about consistent results then you are. must be able to do research on what you do yourself. When you have done research then you will. find your best side when trading forex because. Using research for a method is very important so that you can. find your own results without the help of others or copying other people's methods. analyze and I make sure that when you do research then you can. Get stable profits because it suits your abilities
#453 - September 16, 2023, 09:16:29 AM

  • Hero Member
  • Posts: 57930
  • Points: 215
  • Likes Received: 76
  • Reputation: +18/-46
It is true that a trader must do research before committing. trading because part of the knowledge is in research. When you often do research, the more you develop your own methods, the more you can master what you create because the need for Technical analysis is usually created. When you use a general method, I don't think it's valid enough, so it's better to do research for your own trading system
#454 - September 17, 2023, 09:15:19 AM

  • Hero Member
  • Posts: 55029
  • Points: 217
  • Likes Received: 47
  • Reputation: +53/-46
The smarter you are at doing research, the easier it will be for you to open positions. People who are able to do research on their own techniques are people who are creative and full of imagination, therefore we also have to be able to imitate this kind of person because research is very important, just as we as traders must be. has a strong method and has mature analysis. So in this case research is needed
#455 - September 19, 2023, 08:54:22 AM

  • Hero Member
  • Posts: 57930
  • Points: 215
  • Likes Received: 76
  • Reputation: +18/-46
The more you do research, the more accurate your knowledge will be because it is true that before you use knowledge or methods for analysis, make sure you research the knowledge first, make your journal, create data that shows how your knowledge has performed in a few months. The more the better, that way you can see whether the knowledge is suitable or not for you to use as your own trading system and most professionals will do this when they decide to use that knowledge.
#456 - September 20, 2023, 08:50:58 AM

  • Hero Member
  • Posts: 55029
  • Points: 217
  • Likes Received: 47
  • Reputation: +53/-46
trading is not haphazard, we cannot trade just by learning once, we have to be able to do it. deepening our own knowledge we must be able to do research on what we do because that is very important for us as traders because when we don't. Doing research, yes, we can use the indicators on MT4 or we can use the methods on Google, but it's not necessarily suitable for us because the most important thing in analysis is our suitability and abilities, which we can use ourselves.
#457 - September 21, 2023, 08:57:56 AM

  • Hero Member
  • Posts: 57930
  • Points: 215
  • Likes Received: 76
  • Reputation: +18/-46
It's true that doing research is something we have to do before us. carrying out trading activities, carrying out research on the method that we will use is one of the mandatory things that we must use and that we carry out every day using that method, it is not necessary. It is not too much and it is not necessary. It is too difficult. You can use research using existing methods or you can . create a new one. It all depends on your wishes and choices, the important thing is that this research method can produce profits for you consistently and sustainably
#458 - September 22, 2023, 09:34:27 AM

  • Hero Member
  • Posts: 55029
  • Points: 217
  • Likes Received: 47
  • Reputation: +53/-46
the more you are able to do research well the more you will. have high accuracy in your knowledge or methods because believe it or not When you continue to use the same method using the same knowledge and you continue to do. practicing and backtesting for several months will definitely make you better, therefore when you. When trading, you must be able to do research first so that the results will be more certain and you will get the right profit
#459 - September 23, 2023, 08:07:48 AM

  • Hero Member
  • Posts: 57930
  • Points: 215
  • Likes Received: 76
  • Reputation: +18/-46
Doing research is something that we really need to learn. Doing research on our own methods will lead us to find or be able to carry out ratings in the right way because when you already have some knowledge and you don't do research then you won't know what that knowledge is. whether this knowledge is more profitable or detrimental to you in percentage terms, we can only know by doing research and analyzing data for several months, therefore you must be able not to be lazy about doing this kind of thing for the sake of your progress in trading.
#460 - September 24, 2023, 09:36:00 AM

  • Hero Member
  • Posts: 55029
  • Points: 217
  • Likes Received: 47
  • Reputation: +53/-46
In my opinion, doing research before trading is a must, even if you use indicators that are ready to use, even if you use techniques that are generally easy to use. But all of that requires research. Why research is really needed is because everyone's understanding is different. Everyone's understanding is different. Therefore, when you find a science or method, you research it first. Is it suitable or not? If it suits you then you can use it. If it doesn't suit you, you can use something else. That's the benefit of research
#461 - September 25, 2023, 09:35:09 AM

  • Hero Member
  • Posts: 13523
  • Points: 280
  • Likes Received: 31
  • Reputation: +2/-0
Carrying out research certainly involves many things, including technical matters. Technical research involves analyzing charts and historical price patterns to identify trends and trading signals.
#462 - September 25, 2023, 11:06:34 AM

  • Hero Member
  • Posts: 57930
  • Points: 215
  • Likes Received: 76
  • Reputation: +18/-46
a trader is obliged to do research on his own method, even though the method you use is a method that is commonly used by everyone, but in fact, not everyone is the same when it comes to opening positions, especially to wait for momentum, for example when you use the Moving Average indicator, everything is the same. the settings are the same but the way to execute it is cleanly different, that's what I mean by doing research. Each person will definitely be different
#463 - September 27, 2023, 07:41:31 AM

  • Hero Member
  • Posts: 55029
  • Points: 217
  • Likes Received: 47
  • Reputation: +53/-46
When you are able to do research. well then you can be considered a trader who actively trades foreign exchange. because in my opinion a trader who actively carries out research is a person who wants to create a method that they believe can make a profit. they believe that what they do is in accordance with their abilities rather than their own. By copying other people, it would be better for them to create their own system and I think that is very good.
#464 - September 28, 2023, 09:02:55 AM

  • Hero Member
  • Posts: 57930
  • Points: 215
  • Likes Received: 76
  • Reputation: +18/-46
If you can do research well then whatever you do is certain. will be able to make you more specific with exactly what you mean when you trade using your method. By doing research yourself, you will know what is missing and what is enough, so you don't. need to use other people's methods and you can be confident in your own way and that's better And I'm sure. Each person must have their own method and of course it will make us successful in our own way
#465 - September 29, 2023, 08:33:44 AM

Members:

0 Members and 1 Guest are viewing this topic.