Question

1. This is a good way to understand the matter.

2. This is a good way of understanding the matter.

3. This is a good way for understanding the matter.
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Are they all the same in meaning? Which ones are commonly used?

Answer 1

#1 is best, and #2 is fine. #3 seems a bit awkward; that is, I wouldn't use the preposition "for" in this expression.