Without practice trader gets profit or not?

 

I think it is not possible because we earn profit only through our hard working and if we earn money without learning and experience then i think it is just our luck , but i think you have to understand market first and work accordingly and earn money from this market wel

 

It's really hard to get profit without knowing the business. There is less people who can do this but not sure. So need to know this before.

 

What are the things you are currently doing to know more about it? Do you use demo first?

 

Even if a newbie does make a profit it's more likely to be a fluke. Making consistent profit requires time - time to learn, time to practice what you've learned, time to accumulate experience. That cannot happen overnight.

 

A newbie needs to practise, practise, practise. Forex trading is like any other job - it might look easy on theory, but once you start doing it you realize it'll take time to learn how to do it properly.

 

How can anybody do any job without practice?

 
techmac:
How can anybody do any job without practice?

Other jobs are different, you need to have experience and only then you can get that job. In forex as there isn't any restriction of any degree or experience so anyone can join this business. Also for trading no experience is required but for making profits its necessary.

 

Everyone can join but not everyone can make money. Making a profit in forex requires knowledge, experience, mental training, etc.

 

How a trader will do trading without practice it will be profit by chance in trading if he had no prior experience as many traders do trading on demo to get trading experience. Knowledge , skill of trading and emotional control are important for profit taking.

 
Candle:
Other jobs are different, you need to have experience and only then you can get that job. In forex as there isn't any restriction of any degree or experience so anyone can join this business. Also for trading no experience is required but for making profits its necessary.

What is the difference of other jobs?

That most of the traders have no idea what are they doing?

 
Candle:
Other jobs are different, you need to have experience and only then you can get that job. In forex as there isn't any restriction of any degree or experience so anyone can join this business. Also for trading no experience is required but for making profits its necessary.

There is no job (and trading is a job) that can be done well without knowledge and practice. Not a single job. Or else that is just gambling

Reason: