Is Loss the only way to get experience in Forex ?

[aryan]

If a trader will always make a profit in every transaction risk management is not important. But in the reality there is no such trader.
Even the best traders in the world even have experienced losses and making losses as a risk that must be taken into account. There are many traders who jumped transact with great hope to reap a profit without taking into account the risk of loss and the limited funds available in his account. Possibility of losses not accounted for rationally, but faced with the emotional attitude, they take high risk in every trade

[ericnyamu]

i have heard people say that forex market all newbies must blow their account and i say that rubbish and not true . if you are starting out and haven't blown your account its not a must you blow your account and loss money . it all depend with your money management . never risk more that 3% of equity on any trade !

[vicky]

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.

[narendra]

Yes for trader they learn a lot there mistake. If you learn from you mistake then it is very good for future trade. I think in forex market knowledge can make you good trader. I also learn a lot from my lose trade.

[twinkling star]

not at all, you can learn it before come into practise and demo account are here that could give us the facility to practise in ours real account, if you are ready to earn the profit in demo then that kind of experience is enough for you to come in real trading, you will soon began to earn in real account and you then could not loose yours money also.

[dragon]

I don't think the loss is the only way to get experience because our experience include all the events in our life either they are good or bad. But I can say confidently that loss is more effective way to get experience because we can forget that how we have earned a lot of money but it is difficult to forget losses.

Yes, loss is not the only way to get more experiences because it's possible to gain more experiences from training in
demo account, and also it's possible to gain more experiences from your profits too. But loss could give you experiences
too so it's good to make trading journal.

[LJin]

yes i think loss is the only way to get experience especially losing experience . if people never lose, they will more greedy and greedy and that will make their trading style very aggresive which is usually will lead them to blowing their account sooner or later.

[aryan]

aapne bilkul thik kaha..shuru ke dino me forex se loss hona normal baat hoti hai kyunki trader ko forex samjhne me time lagta hai is wajah se kayi baar shuru ke dino me loss jhelna padtah ai lekin fir time ke stah agar aap apnoi galtiyo ko sudharte jayeneg to aapko kabhi bhi loss nahi hoga

[narendra]

I don't think the loss is the only way to get experience because our experience include all the events in our life either they are good or bad. But I can say confidently that loss is more effective way to get experience because we can forget that how we have earned a lot of money but it is difficult to forget losses.

[yogesh]

Yes I agree with you because the loss is not the only way to get experience but you can get it from net and we can also gain experience in the trade in demo account and learning and reading will give us a good experience in this market

Agree with you, loss is not going to motivate you to excell rather frequent losses may be annoying and may discourage the trader. That is taste of profit which i belive is the best motivation and then we take effort to have more and more winning trades.