Time or Money - Which is important for Forex beginners?

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Originally Posted by kalex76

Forex beginners comes into this Forex trading field basically to earn money but for this they have to invest time to learn and as well as they should have money to get more profit .Which is important for them -
Time or money,which is important? - share your opinion about the fact.

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I will rate time being more important then money . Since if you put more of your time then you learn more and you can understand this market in a very short span of time . On the other hand if you put less of your time and invest more of your capital then there are chances that you loose your capital very early due to lack of knowledge.

I think, both are important too. Then as beginner, time is good element for knowing about forex market. Without time its not possible to practice and achieve knowledge about forex trading. My suggestion, should be first choice time and second choice money as beginner.

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Originally Posted by sweetrevenge88

Newbies should focus more on learning and worry about money later. Since it's affordable to start trading forex with just $1 then you don't have to worry much about capital. Before worrying about how to earn big profits in forex ...worry first on how to make your trading account survives longer.

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if we want to be a long term business forex, we must focus on learning first, before we focus on how to get profit from there. This would be more beneficial in the long run and sustainability of our account ....

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Originally Posted by birbolnath

I think, both are important too. Then as beginner, time is good element for knowing about forex market. Without time its not possible to practice and achieve knowledge about forex trading. My suggestion, should be first choice time and second choice money as beginner.

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I agree, you better invest your time to continue learning about forex trading to advanced. after that, you can plan on the profit that can be achieved. in forex, you should prepare all the risks that you would have encountered, before thinking about profit.

definitely time. beginners should invest their time in order become a successful traders. good amount of money can still lead you to losses, but good skills aqcuired from learning through time, will avoid you from losses.

Both time and money have equal importance. If you spend more time for learning it will give you good results. And also if you invest more money it will give you more profit. But for a newbie more focus should be on time. Investing huge money in start can give extrmely wrong results. So be aware of it.

I think both are important for forex beginner. Without time nobody can't learn more about forex and without money nobody can't trade in forex. So everything is most important for making profit from this business.

There is a old saying that time is money so a person who can utilize their time well can always get positive results in form of money. So in forex both time and money are important and trader who utilizes their time well can make more money in these markets

I also believe that time is more important and a newbie should invest his time in forex instead of keep focusing in money. If you will spend good time with focus and concentration, the money will automatically start to come.

i think time is more important a newbie needs to give more time on learning profit will come with a passage of time trading is an art it will come with knowledge and after Knowledge you will be able to do will in forex market so don't goo for money money will come to you when spend time on learning and get appropriate knowledge of trading