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loss is not the only way to get experience in forex trader. Despite the fact that experience normall comes from loss encounter, but forex do not take that thread, that is way forex has a design package known as demo account. Which will help you develop and broading your view about the trade before trading with real accounts. When you trade with demo account you will have the previledge to put to test what you have concerning the trade.
To be successful in forex you have to be very careful and very experienced , if you are good at analysis and have good trading skills then you can easily get the trick of earning money from the forex
Loss ek bar to trader ko accept karna hi padega, koi bhi trader aisha nahi hoga jo yeh kehta hai ke maine to kabhi loss kiya nahi aur main to direct profit karne laga hu. Asal me Forex ka business market movemnet pe aadharit hai joke kabhi loss to kabhi profit deta hai.
You can loss your balance on that place where you have no knowledge or no information. After getting loss if you try to get the reason then i think loss can make you more expert in this business.
no , loss of money don't the only way to learn practice on demo account without pay nay dollar help you to gain great experience but there are many people hurry to make money without any training
The lessons learnt by loosing money will be very much memorable and can not be overlooked so easily.That is the reason people say we should loose to learn the lessons, other than this there is nothing in this sentence. One can learn trading even without loosing any money as there are many ways to learn the Forex trading, and also practically demo trading helps to learn more.
Let's have an example if the all newbies just win in every trade they do how they can learn and may be the losses will be in the next step of them when the fund their account again then they face the whiplash and loose every thing cause success can be by luck without reason but the fail is always have a reasone to learn from it.
In my view, a mistake is not the only one to gain experience. possible loss is only one way only. The most important is the length of time trading that will make us rich in experience
a lot of experience before you can get but you also have to know that no matter how seoarang trader can gain experience if loss and margin call where one of them is by some way.
yes you are right. people want to learn when he get failure in a work. if he did not got loss of fail in a job then never went to other or want to do the same. so i want to say that to get experience we did not need to loss or fail but when we got loss or fail then we try to over come it and fell that some modification is need. if forex trading will goes smoothly and every one will making profit then it did not seems to hard and no one try to revise the method. every one have experience of making profit but it never become prominent because it is normal to every one.Quote:
Originally Posted by nuh514