CraigMcG2020

Member Since Jul 20, 2020
131 posts
Sep 17 at 06:56

Treeny posted:

Yes, you need to understand percentages, multiplication and division as a bare minimum

I agree with this and also probability and understanding that it is all a numbers game and the numbers need to play

well, in general, trading is such a thing where many features of different knowledge may be needed, so yes it will be useful

SteveHanks

Member Since Mar 17, 2021
370 posts
Sep 18 at 20:24

KenAdams posted:

If you know basic, then it will work.

Learning basic is very important. It helps a lot to make money from this market.

I do think that a trader should know math. I am not talking about high level calculus, but its fundamentals. First of all, math is all about logic and logic is a key to success.

marindateal

Member Since Jun 14, 2021
37 posts
Sep 22 at 06:23

A general level of mathematics is always needed in every aspect of our life, even in forex, so yea, it's pretty useful to know your numbers.

CocoChannel

Member Since May 27, 2021
26 posts
Sep 22 at 10:36

marindateal posted:

A general level of mathematics is always needed in every aspect of our life, even in forex, so yea, it's pretty useful to know your numbers.

I agree general maths would be enough but I think the most important is to have analytical skills.

You need at least high school level maths, ideally more. You need to be comfortable with number and number manipulation. Otherwise you cannot do risk management

AliForexTalks

Member Since Aug 17, 2021
47 posts
Sep 25 at 17:05

Most new traders think their win rate is the most important math in their trading. It is not, you risk/reward ratio will determine your profitability more than a win rate. ... Capping your risk makes it easier to have a reward that is multiples of your potential risk. If you risk $100 to make $300 it is a 1:3 risk/reward.