With the latest forex applications on the Internet, software developers are saying that you don’t have to know anything about forex in order to start trading – a statement that old-time forex traders are strongly contesting.
According to popular figures, traders should learn forex the hard way – to trade personally, invest big, lose big, and earn big. This is the only way that they could truly understand and succeed in this type of trading. Here are some of the reasons why.
Forex software are limited
There are hundreds of forex software available on the World Wide Web, with some getting better reviews than others. However, despite the most recent advances in programming, forex experts believe that no software would be able to accurately simulate and predict all market conditions. It’s just a matter of which software has the most pre-programmed conditions to work with.
According to them, in order to learn forex successfully, you have to be able to develop a feel for the market in order to make the right decisions at the right time. The only way to do that is to rely on experience and not on some robot.
Forex traders learn better than software
Making mistakes is inevitable. Even the most sophisticated forex applications commit errors. However, unlike software, human traders learn better and adapt more quickly than any forex application. This is the reason why forex experts believe in observing the market up close and personally. The more you get involved in the trading, the more you learn from your mistakes and the better you become at making decisions. It is the best way to learn forex.
