Is Loss the only way to get experience in Forex ?

[romon]

Forex is too much risky. Would you tell me is there any business in the world without risk so there is potential risk in the forex market. Ever only with the forex you can double your capital in a short time. You just follow some rules during trading. but you have good knowledge about forex.

[selagalas]

I think almost all traders lose have had experience in their trading, except in prepared with a sophisticated system, and certainly with a large margin that can directly profit but still no comparison kalahna just win more than lose, so keep profit

Yes, I think trading success formula is: 1 x loss, but 3 x profit. Skill to make more profits than losses, should be improved. There are hard times in trading, but we need not lose heart, because we've been able consistently to make more profit.

[shinde]

Wel if we are newbie then its necessary to grab then knowledge and experience as much as we can . If we suffer a loss then we don't have to be upset because we have earned a good experience from it . We can say that from loss we can earn a experience and we will not gonna repeat that step from which we suffered a loss . You can also grab the experience while doing trading well.

[arihant]

Yeah i can say that if you get in loss you will get a experience because if you get in loss you will not repeat that step which you have taken before. But it doesn't mean that you will always get better experience while getting into loss , you can also grab experience by doing trading very carefully and if you doing trading since a long time you will have a good experience , the more you are old in forex trading , the more you have a better experience.

[pooja]

No doubt demo account is the best place to get experience and practice but do you take demo account seriously ? Since virtual money is there emotions do not exist in demo account and you make profits but result is different in real account.

[FxBd]

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.

It is not a perfect idea to start a demo account in forex market and try to learn.Sometimes there is not published all the effective news about the market that is very much important to a newbie.In my opinion I think it would be better to start a trade within money 20$-30$ to learn about the forex market which is very reasonable and easier to any trader.

[dog]

from my view loss help the traders to increase the level of their trading.loss gives the trader a chance to realise his mistake.if the trader get loss then only he will try to identify his mistakes
"losses are the stepping stone for success"

[nilesh]

Not always true. Your first attempt should be that you do successful trades without lossing money or without any failure. I f you do so and then get loss then learn from your mistakes. Rather then you do mistakes and think you would be learning in this way is wrong concept. Although mistakes and failures teach us but do not do mistakes without any reason.

[pooja]

indeed we begin from the small one, and learn step by step and get some experiences from it and after we are ready to gain a greater, we can do it with well but always be careful and also we have to reduce bad habit, we know what's bad habit in ourselves

[shinde]

If you get loss through stop limit then it is not called a loss. because you are also getting profits. Loss the only way to get experience in Forex there is also demo accounts. You can practice your trading strategies in demo accounts on live rates and make yourself a professional trader.