Is Loss the only way to get experience in Forex ?

[Ganesh]

losing is the part of the game but you have to reduce the losing to the nil while trading forex as for long in demo accounts then only you can become a professional trader

ji ha sahi hai loss is a part of business but if you got to short out the loss part then better get some tuff learning and practise before making a HOPPING RIDE TO THE REAL A/C AND ALSO NEVER LET GO OFF THE SIDE OF SL COZ SL IS A LIFE SAVER TRUST ME GUYS WORDS OF EXPERIENCE

[waheedpcc]

No loss is not the only way to get experience in forex rather there are many other ways, experience means the practical knowledge of something so if we are getting profit then we are also getting experience and sometimes we prevent MC due to our good MM at that time our good MM becomes a part of our experience.

i think loss is the only way to get the profit, because loss give you new lesson on each time, jeb tek humhein loss ki waja maloon nehe ho gi hum profit mein kaise aeen gein, hain aik baat ha is kam k leye humhare pass demo accounts jahan hum trade ker sekte ain , lekan money virtual hoti ha isi waja se hum psychology rest mood mein hotee hain

[princeali]

losing is the part of the game but you have to reduce the losing to the nil while trading forex as for long in demo accounts then only you can become a professional trader

[imbest]

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.

[arubh]

this is a very important point that u have stated here brother, har newbie ne yeh yaad rakhna chahiye ki jab aap thik se practise karte hai toh fir bhi real a/c par hamesh chotese hi age badhna chahiye matlab ki hame lot size 0.01 rakhni chahiye aur kam capital choose karna chahiye kyuki iss tarah se haam ache roots gain kar sakte hai forex mein, mainly kya hota hai ki new ppl think that with small lot sizze they will make small profits like a dollar a day and so go for big play and then they learn the harsh truth of loss, remember always that SLOW AND STEADY WINS THE RACE!!!, trade small now and then after proper experience you will gain big.

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.

[loserbynature]

No loss is not the only way to get experience in forex rather there are many other ways, experience means the practical knowledge of something so if we are getting profit then we are also getting experience and sometimes we prevent MC due to our good MM at that time our good MM becomes a part of our experience.

[shaonmra]

Only loss cannot be a part of experience. Profit is also experience. You can learn from loss what mistake you have done. Next time you should try to avoid those mistake and from profit you may follow same to profit. Some people do well in demo account and make loss in real account because there is nothing to loose so you may practice in real account by spending $5- $10 but do it after demo trade. Whatever you loose in Forex take as experience cost or learning cost.

[nuh514]

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.

It is not necessary that experience comes with only failure and losses in forex trading. But mostly it has been observed that experiences comes with failure and losses.

[diesel1984]

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.

[Ganesh]

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.

this is a very important point that u have stated here brother, har newbie ne yeh yaad rakhna chahiye ki jab aap thik se practise karte hai toh fir bhi real a/c par hamesh chotese hi age badhna chahiye matlab ki hame lot size 0.01 rakhni chahiye aur kam capital choose karna chahiye kyuki iss tarah se haam ache roots gain kar sakte hai forex mein, mainly kya hota hai ki new ppl think that with small lot sizze they will make small profits like a dollar a day and so go for big play and then they learn the harsh truth of loss, remember always that SLOW AND STEADY WINS THE RACE!!!, trade small now and then after proper experience you will gain big.