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Experience is very important in forex because the more we trade the more we are able to understand how the market moves. Experience in forex trading is simply the fact that we have trade for a long period of time and during this period we have become accustomed to how the forex market moves. This is most of the time in line with a specific currency pair.
trading is very different that all material you get in book. That is why broker offer us demo trading so, we can training ourselves to improve the trading skill and learn about trading. Moreover, experience matters most but according to me your interest in forex trading is the master that leads you to experience and it is the main thing that leads you to step in the trade and it is the thing which keeps you in the trade. Thanks. Bye.
yeah its true experience in forex definately helps..
for having experience you should work on you demo account...
also there are books available and some sites are also available...
which are sure an helping hand in making your experience in forex trading..
learning and study of the forex movement and the forex management is not enough to make a good trade but also it needed to be successful trader, than you have to make a good experience by trying many way to gain profit at the end you will get good strategy.
I always say that experience is great matter for Forex Trading. So, for this reason, I say to my near people that practice your knowledge more and more. By this you will get experience which will lead you to be profitable trader.
What shall I write while I am new? Is there anyone who can tell me what will be the comment against this thread? how shall I get help can anyone tell me about forex while I am blind and deaf here in the forex trading?
The real trading is very different that all material you get in book. That is why broker offer us demo trading so, we can training ourselves to improve the trading skill and learn about trading. I agree with you , me too every day i learn more and more with real trading and hence my experiences have increased , i think experience is the most important thing you should have while trading and never stop learning. Buddy.
Yes...Offcourse.... Experience always bring the success for trader...Because experience and practice makes a man's working perfect and successful..
As the saying goes that experience is the greatest teacher and so we must be experienced in forex as in demo many real time situation are not faced and si many traders who didnt trade in forex much are hesitated during this period and lose patience , so appropriate care must be taken in account about this ;) and yes experience teaches us a lot of things to handle .
Obviously this is matters in forex . If some trader have more experience about forex trade then they can make more profit . But if some have no experience about forex trade then they can not make profit from forex trade .