Printable View
not at all, you can learn it before come into practise and demo account are here that could give us the facility to practise in ours real account, if you are ready to earn the profit in demo then that kind of experience is enough for you to come in real trading, you will soon began to earn in real account and you then could not loose yours money also.
Yes for trader they learn a lot there mistake. If you learn from you mistake then it is very good for future trade. I think in forex market knowledge can make you good trader. I also learn a lot from my lose trade.
i think loss is not the only way but its also true when we do wrong then its give us experience how to revive . anyway as a newbie i forex its must be loss and we need to mentality to learn from that mistake and its natural when we do mistake few time then next time no doubt our trading sure be improved.
i have heard people say that forex market all newbies must blow their account and i say that rubbish and not true . if you are starting out and haven't blown your account its not a must you blow your account and loss money . it all depend with your money management . never risk more that 3% of equity on any trade !
If a trader will always make a profit in every transaction risk management is not important. But in the reality there is no such trader.
Even the best traders in the world even have experienced losses and making losses as a risk that must be taken into account. There are many traders who jumped transact with great hope to reap a profit without taking into account the risk of loss and the limited funds available in his account. Possibility of losses not accounted for rationally, but faced with the emotional attitude, they take high risk in every trade
Yes, it's not must for all traders to blow account first to become successful traders. it is true if you said that all tradersQuote:
Originally Posted by ericnyamu
should learn from mistakes, including if you face losses or Margin Call in forex. But if it is possible, you must keep yourself
so you didn't need to experience Margin Call.
well... because the more experience the more wise in making your decisions,
if you've never felt the loss then trader certainly trade with no carefully ...
if you've felt loss of all money then you realize that money management is very important to reduce the risk of losing all the money
keval loss hi hi skhane ka jariya ni hota hai.
ham apni successed trade se bi sikha sakte hai.
ham success or failure se yah pata laga sakte hai ki hamari strategy kab ache se trade krti ahi or kab ni.
aapne bilkul thik kaha..forex me los hona common si baat hoti hai kyunki forex ka market bahut zada unpredictable hai aur isse smajhne me bahutt ime lagta hai..trader ki quality issi baat se judge ki jati hai ki wo apne loss ko kis tarah handle karta hai kyunki loss handle karna har trader ke bas ki bat nahi hotiQuote:
Originally Posted by manisha
Mistakes are not the only way to get experience but they are so important because mistakes are not forgotten easily and we do remember them for a longer period of time so we can behave better after learning from our mistakes. I always try to know about my mistakes and analyze them and try to learn from them.