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Loss is not the only way to get experience in forex. In fact, I will consider it the worst way to get experience in forex trading. You can get experience from demo trading, and you can also get experience from your profits. One of the best way however get good experience is if you have a good teacher or mentor who will take you through his personal trades.
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.
Har koi chahe kuch bhi bol lo but loss jo sikhata he na thats the real experience.
If you never had small losses and suddenly in future you had big loss then how you gonna handle & react that loss as you
never had such experience/ situation before.
So loss adds up great lesson in your experience.
I agree with you, it not compulsory when you have to loss then you are a good trader. some of them are good traders without loss like me. I only think that follow the market trend and save your money with a very consciously.
No, loss is not a way to get experience in any field but some of them believed that if loss will not done then i will not a successful trade which is very wrong perception in the field of trading. some of them have a sudden jump and get more & more money in a single commodity.;)
:))):respect:
I am agree with you that loss is not the only way to get experience in forex. To gain experiences, it needs a lot of practicesQuote:
Originally Posted by abcforex
in forex market so it's not only loss but gaining profits can give us experiences too. It's true if you can get experience from
your losses but it's not the only way to gain experiences.
Quote:
Originally Posted by arubh
But, We just read and should not follow the advice from Experts. All experts post about the MM. But, all beginners after seeing MM also have huge loses by using huge lot size. By own mistakes only, we can able to get some lessons. Most experts get experience by making mistakes only. If you doing mistakes, then try to avoid in future deals to be expert.
i say yes.Because most of the traders learn their lesson only after losing in forex.but still there are traders who made profit without losing.But its really difficult to maintain without loss because in forex even the pro will get a loss.
Loss may be the only way which gives you knowledge. If you will not get lesson from that then you will be again a great loss. Loss always teaches you that what you have to do and what you dont have to do.
if we are willing to learn from the causes of our losses, we would be more successful at the next trade ...Quote:
Originally Posted by lax
but if we do not ever want to learn then we will continue to suffer losses ...
so we should not be stubborn to not acknowledge the mistakes we have made, but admit it if we make a mistake ...