With all the software available, what’s the point of learning ANYTHING about Forex? There are a few reasons I can think of and will discuss but remember I’m not saying you should replace your trading system or software, there are some great ones out there; this is in addition to your software.

Number one is simple; you should learn about Forex trading so you know what’s going on! Even if your trading system or software is excellent and earning you profits you should still understand the process behind it.

Say you’re taking care of your entire income via Forex trading and someone asks what you do for a living - “I trade Forex!” - “Oh yeah, what’s that?” - “…” - a soup to be in, especially if you’re hittin’ on the ladies. You could blurt “I leave software running all day and it makes me money.” That’s cool but knowledge is power.

This is a huge advantage: future profits! How, you ask. Creating your own product; you can make a killing by creating your own effective trading system or writing a bestselling book. You’ll have all the funds to get this done because you will have hopefully made some mad profit using the trading system of choice or going solo once you understood the trading game.

Next up is personal improvement! One of the many things knowledge of Forex will do for you is boost your confidence. You’ll notice recurring patterns while watching the software do its magic and using your knowledge realize “Hey, I could do this on my own”.

Or you’ll be watching the news hear something about politics/economy, go look at your software and you’ll see fundamental analysis being put to work; the first time I did that I had a pretty good laugh.