Is Loss the only way to get experience in Forex ?

Its true that we should be able to face losses if we want to get profits but we can minimize losses by working slow & steady & keeping patience. Only loss cannot be a part of experience. Profit is also experience.

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.

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Originally Posted by Jazpa

No, I don't think loss is the only way to get experience. What is the use of those experiences that teach only failures. We need experiences about success. Making mistake is not crime but repeating the same mistake over and over is. So we should think about making good trades so that we can get positive experiences, not that lose only and get lots of experiences about failure. Trading better is the only way of getting experience in my view.

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No loss is not the only way to get experience in Forex as a smart trader can always learn from losses suffered by other traders and learn from their experience and not do the same mistakes which they did.It is not important for them to suffer losses.

losing is the part of the game but you have to reduce the losing to the nil while trading forex as for long in demo accounts then only you can become a professional trader

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Originally Posted by anubhavsingh

naye tradres ko chote lot me hi trading karni chahiye
iske alawa stop loss ka zarur use karna chhaiey hcote account me kyunki apke pas limited balance hota hai
jitna zada profit kamaoge utna zada confedence badega..isliye tp bhi small rakh ke trade karna chhaiye

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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

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Originally Posted by diesel1984

Never Over Trade

Do not over trade...
In addition to pay attention to margins, never put the quantity of open positions too much. As an approximately rule , to sclaper traders simply do the open position of about 10 positions per day, for day traders about 2 times a day for swingers traders even fewer.

Do not Over-Confident

Confident, especially trust in your own analysis had to be But ... excessive confidence can be a boomerang. Frankly I had the MC because of overconfidence, hit the open buy position in each Fibonacci level which I believe will become resistant.

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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.

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Originally Posted by waheedpcc

mein ap se agree nehe kerta kuin luck forex mein nehe chelta, ager trade achi kerni ha to jarori ha k hum anpe analysis ko ache kerien, apni weakeness ko finish ker dein, kisis superstition per believe ker dein
Ager loss he experience hasil kr ka way to pher demo account haina is purpose k leye

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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.

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Originally Posted by sanjeev

Its wrong myth dear. You should take advice from experts & practice a lot on demo account. Its true that we should be able to face losses if we want to get profits but we can minimise losses by working slow & steady & keeping patience.

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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.

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!

When we make the loss we do learn a lot from it and then we have to wait for the markets to see when we can start the trading again.

Learning with the lessons of the past we would be able to refine the trading style and then make sure that we can make good and lasting profits