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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. #21
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    Quote Originally Posted by newentry View Post
    and the important thing for us here that we write down all the thing have been done honestly, so many benefits that we can take from this thing with share our best trading system and also our problems with some mistakes in there that will lead us to share each others and complete it, this is the best thing we can do to save the time
    Yes sir it will same our time and our money too. By correcting our mistakes in a earlier stage we can make good money later and can save our money from a very big massive loss too. Otherwise if we will ignore our habits then it could take a long time to solve them even trader could be frustrated and he or she can say bye bye to forex. So we don't have to do this mistake.

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  3. #22
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    I think that the more we get in touch with the others and the more we discuss issues related to the tarding . the more we may get more experience of them too . so the trading in the Forex market can`t be limited in a certain limits of time or regions or even within types of thought . all of us has to do his best to learn more

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  4. #23
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    Quote Originally Posted by PROPENSITY100 View Post
    Yes both our mistakes and also mistakes made by other traders can help us learn vital lessons. This was the idea of creating the forum. Where traders can communicate with each other. They can share their experiences, mistakes and also good trading performances. This will help all the members to improve their individual trading. About writing our mistakes it can help to ingrain in our mind its effects and that can helps us avoid it in future.
    Thats right friend. And Roboforex that is strict in maintaining the quality is best for learning. The reason for stress in forex is not having enough knowledge to handle the ever dynamic situations that comes along, so the best way out of it is no order than to become well equipped with the veritable trading knowledge and stress would be out of the window.

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  5. #24
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    learning is a very must in the trading of forex and we have to imitate one of the good traders in order to be like them . so the trading may be so good and the trading may be so logic and understood . basses on basic rules not random ally . also it must be applied well and must be bound with good results to be achieved

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  6. #25
    Trader techboy's Avatar
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    Quote Originally Posted by Khimi234 View Post
    Yes sir it will same our time and our money too. By correcting our mistakes in a earlier stage we can make good money later and can save our money from a very big massive loss too. Otherwise if we will ignore our habits then it could take a long time to solve them even trader could be frustrated and he or she can say bye bye to forex. So we don't have to do this mistake.
    Most traders in the early days are destined to lose that is why it is better if we take time to trade first more on a demo for practice, if we use real money right away we will just waste it because a trader with less knowledge will fail for sure, if we want to succeed in this business we need to be prepared technically and psychologically.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

  7. #26
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    Quote Originally Posted by Khimi234 View Post
    Yes sir it will same our time and our money too. By correcting our mistakes in a earlier stage we can make good money later and can save our money from a very big massive loss too. Otherwise if we will ignore our habits then it could take a long time to solve them even trader could be frustrated and he or she can say bye bye to forex. So we don't have to do this mistake.
    yes dear friend, when the traders respect to their time, and so they will use it with very well because they knew how much important the time for them to get the goals , so for every seconds we left, we need to take them as our part to increase the ability and at last, as you said above, the time will pay us

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  8. #27
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    Quote Originally Posted by techboy View Post
    Most traders in the early days are destined to lose that is why it is better if we take time to trade first more on a demo for practice, if we use real money right away we will just waste it because a trader with less knowledge will fail for sure, if we want to succeed in this business we need to be prepared technically and psychologically.
    we could study the experience of an expert trader, the profit would be very difficult to achieve if we do not know the science forex trading, so it takes science to be able to produce in an easy way as easily turn to open cell or open buy with a click. And one more thing only people who do not want to learn that there will always feel what it was difficult to get a profit.

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  9. #28
    Trader Azis Muslim's Avatar
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    Quote Originally Posted by techboy View Post
    Most traders in the early days are destined to lose that is why it is better if we take time to trade first more on a demo for practice, if we use real money right away we will just waste it because a trader with less knowledge will fail for sure, if we want to succeed in this business we need to be prepared technically and psychologically.
    Surely this is the best advices to those who still new in this business, but after all of this, we will always see that a lot of people avoid this and lose their real money in their first time trading. In some cases, those traders who suffered losses in their first time will push their mind to learn and practice everything necessary to get profitable, while others left this business due to their losses.

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  10. #29
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    Quote Originally Posted by Azis Muslim View Post
    Surely this is the best advices to those who still new in this business, but after all of this, we will always see that a lot of people avoid this and lose their real money in their first time trading. In some cases, those traders who suffered losses in their first time will push their mind to learn and practice everything necessary to get profitable, while others left this business due to their losses.
    And many of them again invest big capital and they lose their money again. Emotional stage could be very dangerous for all newbies. As we can see that most of those trader's who are old still facing a lot of problem with their emotion. So its not a very easy think to control our emotion for newbies. Novice trader's need a lot of time in demo learning.

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  11. #30
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    Quote Originally Posted by Hukam View Post
    And many of them again invest big capital and they lose their money again. Emotional stage could be very dangerous for all newbies. As we can see that most of those trader's who are old still facing a lot of problem with their emotion. So its not a very easy think to control our emotion for newbies. Novice trader's need a lot of time in demo learning.
    Well, we could still label the beginning losses as the preparatory losses, it can help the trader over the long duration of time, it can only help when such trader survive it. It takes a whole lot of things to be successful in this market. And apart from the trading ways, the experience is mostly appreciate in the area of trading psychology.

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