If trader know some math then it is good for trader. I think every trader know some simple math they can calculate pip value. In forex market if trader know some economic then it is very good for understanding fundamental news.
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If trader know some math then it is good for trader. I think every trader know some simple math they can calculate pip value. In forex market if trader know some economic then it is very good for understanding fundamental news.
The knowledge of maths really helps like me until i applied the ordinary level phyiscs to my trading of gravity i was not making any profit.
i dun think that a good forex trader needs to have a good mathematical mind. anybody who can master the basic concept of forex trading can make it to the levels of professionals and it is not necessary for him to be a mathematician.
yes we need to make the calculation using the mathematic on the forex just like whne we want to count the pivot point , support and the resistance all of that thing on the forex business we need to make the calculation on it
in fact all forex indicators and analysis type depend on some formulas even the simple moving average, even the trend and support lines, so yes mathematics are important in forex
Trading adopted barter needs to be a accumulation of science that can advice us in developing the appropriate investment in the acreage of adopted exchange. It is this science, we acquisition mathematics. That we use in calculations.
we need math in forex, as an indicator in forex work based on statistical data and we need to take into account the risks in our trade that our margin will remain safe, so we will know the limits of risk we should take in our trade.
if you want to succesfull in forex, tou should use both. mathematics and the expertise to analyze. function of mathematics is to calculate of money management. while funtion of expertise analyze useful to open position and exit target. although you are an expert in analyzing, if you don't manage your capital, you will lose sure. and vice versa.