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Thread: Is Loss the only way to get experience in Forex ?

  1. #1
    Banned shahzad0able is on a distinguished road shahzad0able's Avatar
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    Is Loss the only way to get experience in Forex ?

    Its a general concept and conclusion that experience comes with the failures and losses, is it true?
    If true, then what is the reason behind it? Can we just get experience without getting loss or is the failure the only way to get experience? Why the beginners in the forex, in start suffer losses and then become experienced to handle the trading to get profit? Is there someone who had gained experience without losses?
    Please share your views.

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  4. #2
    Senior Member bestlooser will become famous soon enough bestlooser's Avatar
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    zaroori nahi k aap trade karo to lose hi ho aur ho sakta hai aap lucky ho aur aap ko lose bhi na ho aap earn bhi kar lo aur experience bhi mil jaye. aur yeh bhi hai k why not u try out demo there will be nothing too lose and plenty to learn so jiust do it in thios way. but even in demo contest you can have nothing to lose but plenty to earn.

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    Junior Member arubh is on a distinguished road arubh's Avatar
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    Its wrong myth dear. You should take advice from experts & practice a lot on demo account. Its true that we should be able to face losses if we want to get profits but we can minimise losses by working slow & steady & keeping patience.

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    Member Ganesh is on a distinguished road Ganesh's Avatar
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    i will answer this question both ways for you, firstly as a new comer in this business there is slight possiblity that you will learn everything you need but still when you come to a live a/c you cannot predict the trend accurately so loss is going to happen somehow or the other coz after all its a business, on the other hand if you think possitively according to the proper principles then you may not face loss but profit and this can only happen if you learn and practise for atleast 3 months on a demo or a cent a/c but are you ready fopr this much practise? can the sniffy smell of money hold you back that long? there you have the answer.
    Rock On

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    Banned waheedpcc will become famous soon enough waheedpcc's Avatar
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    Quote Originally Posted by bestlooser View Post
    zaroori nahi k aap trade karo to lose hi ho aur ho sakta hai aap lucky ho aur aap ko lose bhi na ho aap earn bhi kar lo aur experience bhi mil jaye. aur yeh bhi hai k why not u try out demo there will be nothing too lose and plenty to learn so jiust do it in thios way. but even in demo contest you can have nothing to lose but plenty to earn.
    mein ap se agree nehe kerta kuin luck forex mein nehe chelta, ager trade achi kerni ha to jarori ha k hum anpe analysis ko ache kerien, apni weakeness ko finish ker dein, kisis superstition per believe ker dein
    Ager loss he experience hasil kr ka way to pher demo account haina is purpose k leye

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    Member Ganesh is on a distinguished road Ganesh's Avatar
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    Quote Originally Posted by arubh View Post
    Its wrong myth dear. You should take advice from experts & practice a lot on demo account. Its true that we should be able to face losses if we want to get profits but we can minimise losses by working slow & steady & keeping patience.
    this is a very important point that u have stated here brother, har newbie ne yeh yaad rakhna chahiye ki jab aap thik se practise karte hai toh fir bhi real a/c par hamesh chotese hi age badhna chahiye matlab ki hame lot size 0.01 rakhni chahiye aur kam capital choose karna chahiye kyuki iss tarah se haam ache roots gain kar sakte hai forex mein, mainly kya hota hai ki new ppl think that with small lot sizze they will make small profits like a dollar a day and so go for big play and then they learn the harsh truth of loss, remember always that SLOW AND STEADY WINS THE RACE!!!, trade small now and then after proper experience you will gain big.
    Rock On

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    Banned diesel1984 is an unknown quantity at this point diesel1984's Avatar
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    Never Over Trade

    Do not over trade...
    In addition to pay attention to margins, never put the quantity of open positions too much. As an approximately rule , to sclaper traders simply do the open position of about 10 positions per day, for day traders about 2 times a day for swingers traders even fewer.

    Do not Over-Confident

    Confident, especially trust in your own analysis had to be But ... excessive confidence can be a boomerang. Frankly I had the MC because of overconfidence, hit the open buy position in each Fibonacci level which I believe will become resistant.

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    Quote Originally Posted by shahzad0able View Post
    Its a general concept and conclusion that experience comes with the failures and losses, is it true?
    If true, then what is the reason behind it? Can we just get experience without getting loss or is the failure the only way to get experience? Why the beginners in the forex, in start suffer losses and then become experienced to handle the trading to get profit? Is there someone who had gained experience without losses?
    Please share your views.
    It is not necessary that experience comes with only failure and losses in forex trading. But mostly it has been observed that experiences comes with failure and losses.

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    Only loss cannot be a part of experience. Profit is also experience. You can learn from loss what mistake you have done. Next time you should try to avoid those mistake and from profit you may follow same to profit. Some people do well in demo account and make loss in real account because there is nothing to loose so you may practice in real account by spending $5- $10 but do it after demo trade. Whatever you loose in Forex take as experience cost or learning cost.

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    Banned loserbynature is an unknown quantity at this point loserbynature's Avatar
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    No loss is not the only way to get experience in forex rather there are many other ways, experience means the practical knowledge of something so if we are getting profit then we are also getting experience and sometimes we prevent MC due to our good MM at that time our good MM becomes a part of our experience.

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