Is Loss the only way to get experience in Forex ?

[Taram786]

No it is not necessary You only get experience by facing loss in your capital . You can get Experience By your trading with profit . You can Experience with demo account and reading eBooks related to Forex trading .

[muamar]

i will answer this question both ways for you, firstly as a new comer in this business there is slight possibility that you will learn the lot you need but still when you come to a live a/c you cannot envisage the trend accurately so loss is going to happen somehow or the other coz after all its a business

better our own practice on a demo account to see directly how the state of the market, and my advice if we've decided to run a forex business we have to be serious to learn about this business well.

[shepon93]

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.

i will answer this question both ways for you, firstly as a new comer in this business there is slight possibility that you will learn the lot you need but still when you come to a live a/c you cannot envisage the trend accurately so loss is going to happen somehow or the other coz after all its a business

[Shirin]

This is not right that for learning or gathering knowledge u have to lose your money. In forex market if your have proper knowledge u can make profit otherwise u lose................... for learning better way is demo trading, trade here from 3 to 6 months...............u can learn many things from here.

[assi]

if the loss is more and again and again then we may not be able to have the good and easy tradings but if the loss is less and the profit is more then we can get the more good and relax tradings in the forex market.

[rislama]

dropping is the part of the experience but you have to decrease the dropping to the nil while currency dealing trading as for long in practise records then only you can become an expert investor.

[hend]

it should be clear in this forex business we must always learn from any mistakes or losses that we experienced during trading. because the losses it made us understand our shortcomings in the conduct of trade, so that it will allow us to improve our ability to trade. so the more we learn from each of our mistakes, it will make us even more to have a good ability to trade forex.

[oreoluwa]

well as for me lose is not the best way to gain experience in the forex trading but when you lose your money then you can always get the best understanding on why you lose the money then you can make the proper correction

[rebate lover]

There is no hard and fast rule that one should bear a lot of losses before succeding in forex trading, but it is also true that forex is quite unpredictable and so losses are as often as there are profits so we just need to follow some mechanisms and rules to try protecting our capital from huge losses by using right stop losses and following settled strategies to get big no. of winning trades.

[heru]

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.

I think the experience can not only be obtained through a loss, we can gain experience by learning from a book or seen the video, we can also get the experience when we get profit. I think all the events when trading can be an experience for us.