Low level of knowledge is one of the main reasons for the loss of money in the Forex market. But currency trading is a difficult thing. And even those who read a couple of dozen books will not always be able to boast of a positive balance on a trading deposit. After all, without experience, knowledge will not help. But how to get experience without knowledge? Everything is so interconnected that even the pros can not always answer all the questions that are interested in beginners.
In my opinion, it is optimal to combine knowledge and experience. That is, we look at the schedule and read the book 🙂 It is too difficult? It is unlikely. On the contrary, you can study graphs and look for answers to the questions in the book. Or do you think that there will be no questions? Again, I will say that it is unlikely. Questions always arise. And the farther the trader goes along its way, the more there are. This is a completely normal process that allows a person to increase his professional level. And the books and management textbooks of which can always be found, they help fill out knowledge gaps and become a specialist in a particular issue.
But the absolute nerd also should not be. In trading, this quality should be combined with non -standard thinking and the desire to accept the risk. And 100%botanists have always had problems with non-standard thinking. Therefore, books are books, and experience on Forex is much more expensive than read material. Of course you can understand the market without books. But it is better to combine one with the other without crossing the border between rational and excessive.