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Thread: Is Loss the only way to get experience in Forex ?

  1. #25
    Banned nsawork is on a distinguished road nsawork's Avatar
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    Quote Originally Posted by akshay1728 View Post
    ya its one of the factor of earning experience because failure is the 1st step of success.if you do some mistake in your trading due to which you may suufer a loss.but next time you will not do the same mistake
    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

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. #24
    Banned imbest is on a distinguished road imbest's Avatar
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    Loss is not the only way to learn as we have to learn basics by studying from different sources. Loss will teach us our mistakes and learning from mistakes has always very impact. It will help improve your trades for sure.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  3. #23
    Member Ronak will become famous soon enough Ronak will become famous soon enough Ronak's Avatar
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    loss teach us so many things but not loss is the only way to get exeperience if we have good knowledge than there is less chance of loss..while we can get experience from others mistakes but u need to be part of forum..
    "We dont get paid for activity, just for being right. As to how long we will wait, well wait indefinitely."- The Legend Warren Buffett."

  4. #22
    Member Ganesh will become famous soon enough Ganesh's Avatar
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    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!
    Rock On

  5. #21
    Senior Member mayengbam is a splendid one to behold mayengbam is a splendid one to behold mayengbam is a splendid one to behold mayengbam is a splendid one to behold mayengbam is a splendid one to behold mayengbam is a splendid one to behold mayengbam is a splendid one to behold mayengbam is a splendid one to behold mayengbam's Avatar
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    everybody have experience of wins as well of loses. And these experiences are vital for our growth in forex.

    We learn from our mistakes and loses, finding out the result of the loses helps us to be aware of it in future trades. it will definitely improve our trading if we are able to avoid the mistake when those circumstances appear again. so loss is a great teacher
    Pliz do comment here if you like the post

  6. #20
    Member sanjeev has a spectacular aura about sanjeev has a spectacular aura about sanjeev's Avatar
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    Quote Originally Posted by shahzad0able View Post
    Its a general concept and conclusion that experience comes with the failures and losses, is it true?
    If true, then what is the reason behind it? Can we just get experience without getting loss or is the failure the only way to get experience? Why the beginners in the forex, in start suffer losses and then become experienced to handle the trading to get profit? Is there someone who had gained experience without losses?
    Please share your views.
    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.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  8. #19
    Member Ganesh will become famous soon enough Ganesh's Avatar
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    Quote Originally Posted by BojanHajdinjak View Post
    The best way to get experience on forex is demo account.
    But there are just few traders they are enough smart to use it for enough long
    periode of time to become 100% reliable and profitable trader.
    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.
    Rock On

  9. #18
    Senior Member BojanHajdinjak is a jewel in the rough BojanHajdinjak is a jewel in the rough BojanHajdinjak is a jewel in the rough BojanHajdinjak's Avatar
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    The best way to get experience on forex is demo account.
    But there are just few traders they are enough smart to use it for enough long
    periode of time to become 100% reliable and profitable trader.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #17
    Senior Member anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh's Avatar
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    Quote Originally Posted by imbest View Post
    You should use proper MM and if your account balance is $100 , you can afford to use a lot size of 0.10 or even 0.20 . In that case your SL and TP should be in narrow range so that you don't loss much and don't felt greedy.
    100$ ke liye 0.20 ke lot se bada lot nahi khelan chahiye
    iske alawa sl ka use karna bahut zaruri hai kyunki chote account me zara si mistake aapko margin call tak la sakti hai jo ki new trare ke liye bahut dukh ki bat ho jati hai
    isliye hcote account me chote lots me trade karna chhaiye by using sl

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  11. #16
    Senior Member anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh has a reputation beyond repute anubhavsingh's Avatar
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    Quote Originally Posted by arubh View Post
    you are right hamen hamesha chote lot size se shuru karen even
    even aaj bhi main .01 lot se hi start karti hoon.
    agar hum chote profits karna seekh jayenge to bade profits bhi aayenge
    bade losses bear karne se acchha hai chote profits.
    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

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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