Is Loss the only way to get experience in Forex ?

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Originally Posted by SeoHyun

Yes lost is one way to become an expert. but lost just isn't going to make us experts on what we learned from our losses will be a problem to become expert. learning is a key factor in forex. we need to follow the discipline.

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essence we must learn from the experience and gain knowledge from experience, because experience is the best teacher.

No, a trader can earn experience by making profit also.But to be successful in any place, a good and bad both experiences are required.So to be an experienced trader in Forex, he should learn from both losing and profit.If a man makes a loss, he becomes careful and he goes ahead slowly which is required for success, but his confident becomes low.But a profitable trader is more confident.

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Originally Posted by Borhan107

It be good for all forex trader. As a result of losses the trader understand theire there forex trading stragy. Nex time they trade betterly.

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it is true that the defeat would make a trader to trade with a more cautious and careful in the future. with the defeat to a trader to understand the shortcomings of the strategy he used, so it can be improved to be able to generate profit.

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Originally Posted by rosidi

loss is one way to gain experience in the forex business.
losses that we must always learn, to know what the cause and correct the error, then we are right that we do not experience the same losses

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we will not be complete without knowing the error of our trading system, lose to a lot of lessons to be learned in advance, as you say what causes us to lose experienced

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Originally Posted by rosidi

loss is one way to gain experience in the forex business.
losses that we must always learn, to know what the cause and correct the error, then we are right that we do not experience the same losses

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I can learn from my mistakes which caused losses as experiences so I won't do similiar mistakes again in the future but
I can get more experiences, not only from losses but also from my winning too. So it's important to maximize my good points
too so I can exploit the best timing to gain profits in the market.

no loss is not the only way to get experience in forex trading one can get experience in getting small profit instead of large one.

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Originally Posted by yaqoobali95

no loss is not the only way to get experience in forex trading one can get experience in getting small profit instead of large one.

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Yes, it's not only loss which could give experiences. From small profits only, we can gain experiences too about how to keep
consistency on profits. I think it's more important to know how to keep consistency of profit, no matter I suffered how many
losses in that day, but I could make sure if I can gain consistent profit daily. So I can learn from my mistakes and I can learn
from my trading plan.

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Originally Posted by dragon

I can learn from my mistakes which caused losses as experiences so I won't do similiar mistakes again in the future but
I can get more experiences, not only from losses but also from my winning too. So it's important to maximize my good points
too so I can exploit the best timing to gain profits in the market.

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Well, you must be a good learner trader. Some trader seems can only learn lesson from failure movement. They cant learn any good lesson about successful since they think that every success have no bad point inside it. In my case, even, what I learn from success trade is about making me having more greed. :D

If you wish to ask a real time question then I must say that it's 100% true fact that we can get faster and best experience after get loss. Because if we will make loss then we never use that procedure and try to use some alternative. But we also need to take some protection also.

The loss may be more of a way to make us aware of the forex because we will not make a profit without ever losing forevers..and for my loss is one situation where I need to fix the trading system that I have become betters really !!!