In my opinion, there are 2 ways to get experience in trading forex. Get a loss to have them is one of these. You can also learn more from your friends who trade, too. Afer that, you can use a demo account to practice or only predict in market.
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In my opinion, there are 2 ways to get experience in trading forex. Get a loss to have them is one of these. You can also learn more from your friends who trade, too. Afer that, you can use a demo account to practice or only predict in market.
Yes i belive that loss is the perfect way to learn from this market but not from the real account because we have opportunity to use demo account trading here we can use unlimited dollar for our experiment and by this way i think trader can know about this market perfectly.
Loss is not he only way, laykin ye kafi asaar kerta hay. jaisay jaisay koi trader rose ki trading kerta hay to phir wo experienced bhi hota jaata hay or time kay sath sath oss ki earning bhi ziada hoti jaati hay.
if we want to do business then we have much to learn and practice nbanyak because if we do not follow or manjalankannya we will not be successfulQuote:
Originally Posted by rofeq
Trader can get experience from trading demo account trading. I think it is very good for trader to get experience with demo account because trader can trade without losing any real money.
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.
Of course not the only way but I think it is the fastest one. Not everyone has to loose his account to get experience. Everyone looses positions. Trader is getting experience the whole time during his trading career.
No need to get losses always with out less experience.If you can correct instructions and directions from experts or more experience persons, you can get gains without lot of experiences.But when you getting more and more experience you will have the confidence about hove the trading pattern going on and you can make your own decisions very easily.However most important thing is getting more and more experience.
Apart from loss, there are other ways we can also use to get experience in forex, we can gain more experience by constant practicing on demo account, we can gain more experience by disciplining ourselves to be patience and to wait to open a trade only and when we have a good signal to enter.
That was right. Lose is not the only one way to gain experiences in forex trading but loss is one of some ways to gainQuote:
Originally Posted by lap
experiences. Mostly traders will be easier to remember experiences from losses than experiences from profits so
trading journal will be good to maximize profit and minimize loss.