Is Loss the only way to get experience in Forex ?

[mita]

yeah you are rite..... but even after losses we dont learn as sometimes we dont know what mistake we did whhile trading we do not realise it ..we always are insearch of our mistake....so next time you make a mistake stop and wait do trade further but ananlyse your lost trade and see what mistake you did

[viky]

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.

[viky]

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.

[ritesh]

bumping a loss is also a way if you think that way, see the thing is til you dont taste a loss you wont get to know the loop holes in your strategy, with that loss you can also get to know where you lack in analysis and trading, you will also find a reason to go and learn more and strive to get a more perfect strategy so its all over your benifit only from this loss experience,! i am not saying that loss is the only way but m saying that loss can also teach a lot more than what we can learn from others losses!

[viky]

ji ha sahi hai loss is a part of business but if you got to short out the loss part then better get some tuff learning and practise before making a HOPPING RIDE TO THE REAL A/C AND ALSO NEVER LET GO OFF THE SIDE OF SL COZ SL IS A LIFE SAVER TRUST ME GUYS WORDS OF EXPERIENCE

[viky]

yes most newbies hardly give time to demo a/c coz when they make small amount of profits in demo then they think that they have become masters of forex :P hardly do they know that in a real a/c a small mistake is gona make them loss and MC, staters should atleast spend 2 months in a demo a/c and then they will be perfect, i have spend one and a half month in demo and then entered live trade but m still stuck to demo a/c for practise and perfection to make a new good strategy.

[rosalia]

indeed true, one is always reminded of the experience is when we experience great loss or margin call. but, it's not the only way to add our experience in trading. you can learn a lot from the master trader who has been successful. I think this may be the spirit for us to be more excited.

Sometimes we can get experiences from losses if we learned from our mistakes (usually when there is trading journal).
But it's only one of many ways to gain experiences so don't learn from losses only but also you must learn from your good
trading which caused profits.

[sayem]

Mere hisabse loss karke he sikhna parega or experience hoga aaysa jarury nahi. agaar hum log pahelese he practice kare fer real me aye tab hume loss hone ki samvabna nahi hota hay. to demo ve ek accha jariya hay bina loss ki experience ki.

[venus]

No I don't think that loss is the only way to earn some experience from the Forex market and also for the Forex market, because I think if the person who wants to become a good trader so he or she should try to practice on the demo account on that manner they can get good experience and have no need to loss their money.

I think so. Loss is not the only one factor to gain experiences because there are many other factors to get more experiences about
how to trade well. I can get more experiences from trading in demo account, from forex forum, from any websites and blogs, etc.
And I can use trading journal as notes to know how to trade better.

[barkiman]

indeed true, one is always reminded of the experience is when we experience great loss or margin call. but, it's not the only way to add our experience in trading. you can learn a lot from the master trader who has been successful. I think this may be the spirit for us to be more excited.