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Thread: Learning from other trader's experiences and losses

  1. #1
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    Learning from other trader's experiences and losses

    Our experience is our great teacher We all know that experience has several lessons to teach to a traders. Experience plays a key role in enhancing the skills of a person in any job or business. A trader may not learn the lessons well by reading but many times he learns it through his experience.

    It is with experience a trader several times take the initiative to correct his mistakes and weaknesses in his trading. This may be because when he experiences the losses due to the mistakes he feels the emotional pai For instance a trader after blowing a big account experiences the pain and so may be more rigerously provoked to learn and correct his mistakes.

    Other traders experience is also our teacher
    It is not necessary that it is only when we lose we take the initiave to correct our trading mistakes and flaws. Learning lessons from other traders experience and losses can help us avoid the same mistakes and hence avoid the losses. Learning from our experience can some times be harsh. Our experience can teach us lessons by giving us emotional pain and losses.

    When we learn from other trader's mistakes we can learn many lessons without even undergoing the effect of such mistakes which is usually big losses. The main advantage of Roboforex forum is here several traders share their experience and mistakes. Interacting with them can improve our knowledge and help us avoid the same mistakes and losses in our trading.

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  2. #101
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    Quote Originally Posted by cozard007 View Post
    We can not know everything at once, and we need to be learning more till we are full relieved of what we need to know in the market. Forex trading is simple and have a very good way to learn when we do not limit the learning to ourselves only, it is very cheap and simpler to learn from other, except that we should be very careful in doing this.
    [lang=id]the process will be like it, the traders will find the best one or something suit with their own basic or style, and then develop them till get the correct understanding for how to use properly, and at last, they will know how to convert something complicated with a simple thing[/lang]

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  3. #102
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    I used to say that I will but then you see it takes a great strong will to be able to get that done, so therefore that is the reason why I say it is good we make use of the demo account in learning, because the demo account is where we would be able to apply those rules and strategy for some time therefore getting to know how it works for us. Trading on forex needs our own exeperence.

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  4. #103
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    Quote Originally Posted by splash View Post
    I used to say that I will but then you see it takes a great strong will to be able to get that done, so therefore that is the reason why I say it is good we make use of the demo account in learning, because the demo account is where we would be able to apply those rules and strategy for some time therefore getting to know how it works for us. Trading on forex needs our own exeperence.
    [lang=id]we agreed that demo account is the best place for practicing or implementing from what have been read before, then traders will get some experiences and build them with their own understanding, but there is no problem to learn from others experiences and even will make us get more and fast than we learn it by ourselves, but we only need to take one that is good and easy for us or suit for us[/lang]

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  5. #104
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    Learning from other is always best for trader's but better to follow their good things only, because if we will try to follow any greedy trader's or will try to follow any aggressive forex trader then sure there will be the end of our business very soon. I like to learn from everywhere, Personally I don't follow other trader's strategy but like to follow their management, and trading psychology controlling techniques. There are many types of trader's in forex market its our duty to follow the good ones, I always ignore greedy or gambler's.

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  6. #105
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    Quote Originally Posted by samprazaan View Post
    [lang=id]we agreed that demo account is the best place for practicing or implementing from what have been read before, then traders will get some experiences and build them with their own understanding, but there is no problem to learn from others experiences and even will make us get more and fast than we learn it by ourselves, but we only need to take one that is good and easy for us or suit for us[/lang]
    demo is good for the learning of traders, but i can not agree it is the best place for learning. the demo has its way of teaching traders, while the live account has its way out completing the teaching, and the both are good for traders to use them and their various stages of learning.

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  7. #106
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    Quote Originally Posted by samprazaan View Post
    [lang=id]we agreed that demo account is the best place for practicing or implementing from what have been read before, then traders will get some experiences and build them with their own understanding, but there is no problem to learn from others experiences and even will make us get more and fast than we learn it by ourselves, but we only need to take one that is good and easy for us or suit for us[/lang]
    From experience. Human being don't get satisfied when he tend to learn from other peoples experience, most time, even at when we have seen the mistakes which other traders has done. We think we have learned from it but then in the other way round we do repeat that same mistakes again. Therefore we need to know that it is good experiencing them ourselves therefore we need to start with demo then a little amount to have less loss.

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  8. #107
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    Quote Originally Posted by splash View Post
    From experience. Human being don't get satisfied when he tend to learn from other peoples experience, most time, even at when we have seen the mistakes which other traders has done. We think we have learned from it but then in the other way round we do repeat that same mistakes again. Therefore we need to know that it is good experiencing them ourselves therefore we need to start with demo then a little amount to have less loss.
    learning should be be a complete thing, traders will need to be learning and making trading better for themselves. when traders do not stop learning, i believe the trader is working with the revolution of this business which will make traders t know the news things and make more money.

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  9. #108
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    those work with the different chance as trader running of choice with the selection of system as having of distinct with the basics of ideal preference on helping of decision to refer ones as the best of set on playing with those by the games of finance to gains of return of pips with the commitment to run with the good disciplines.

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  10. #109
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    Quote Originally Posted by silverlady View Post
    learning should be be a complete thing, traders will need to be learning and making trading better for themselves. when traders do not stop learning, i believe the trader is working with the revolution of this business which will make traders t know the news things and make more money.
    Sorry to say, but there is no way one would be able to learn forex trading completely. Because what comes to mind when completion is been mentions is the traders ability to take on trades all of them. For the fact that there is no completion in learning. Therefore we have to miss some trading opportunities because they simply do not match with the type of trade we do take.

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  11. #110
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    Quote Originally Posted by splash View Post
    Sorry to say, but there is no way one would be able to learn forex trading completely. Because what comes to mind when completion is been mentions is the traders ability to take on trades all of them. For the fact that there is no completion in learning. Therefore we have to miss some trading opportunities because they simply do not match with the type of trade we do take.
    and so why it is a good thing to be done by the traders to learn the others experiences, it can help them to complete each others and grow better rather do it ourselves, learn from the others is not a sin, and this is not a problem for everyone to increase more understanding ,

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