Simple experience generally is averse to trading?
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Thread: Simple experience generally is averse to trading?

  1. #1
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    Simple experience generally is averse to trading?

    First know, then go to implement this is the main strategy of forex trade. Before utilizing trading currency each and every dealer require to know in details about the trading and this is wise in trading. Without proper understanding if any traders begin trading for the hope of profit; then rather than profit, loss may be a burden to them.

  2. #2
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    Its very important that you try as much as you can to develop a simplified trading strategy so as not to confuse yourself while trying to analyse the market and picking out entry point., and you can do this with the right experience, most traders believe that the more complicated your strategy is the more reliable it becomes, this is a very wrong impression, just cause the market is complicated doesn't mean you get complicated in trying to analyse the currency market

  3. #3
    True, of course forex trading requires a lot of experience, when we are beginners and have not much experience we recommended for many practical exercises as well as to improve our experience. Most traders who fail in this business are traders who do not have much experience but they are forcing themselves to be immediately successful in this business, and they use a large capital and also open order with large volume, then they suffered a loss in a short time.

  4. #4
    Trader dkarev's Avatar
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    professional and expect trader feed on their experience on the market,since the market condition is not always same and the market always repeat itself,them experience is much needed and this is why we need to keep modifying our trading strategy as well to suite the market condition when trading.experience is highly needed to get something from the market from time to time

  5. #5
    We need trading experience. The experience of other field never works in forex business so every trader must have forex experience and for getting forex experience , we must have to focus on learning and practicing the market. By learning and practice we can able to make a good trading system and by trading system we will earn money in this business.

  6. #6
    Trader lawners1791's Avatar
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    Quote Originally Posted by rukhsanariaz View Post
    We need trading experience. The experience of other field never works in forex business so every trader must have forex experience and for getting forex experience , we must have to focus on learning and practicing the market. By learning and practice we can able to make a good trading system and by trading system we will earn money in this business.
    yes to manage the work with the continous entries with the good system analytics and evaluation to prepare better with the future work to earns with the better chance to complete higher target to moves with the different stages with the level of compliance.

  7. #7
    Forex trading business is a very uncertain and unpredictable business so we can not trade with predictions or thinking but we can only trade with knowledge and experience and then only we can think of making money from this business continuously and consistently, without good trading strategy and trading plan earning is just impossible.

  8. #8
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    simple experience is not bad but it will not let the trader to get maximum profits from forex,it may help the trader to make little profits and survive in forex market,so the trader needs to update his knowledge continuously to be able to know the new methods of trading that help him to trade better and make more profits,this also will increase his skills and experience continuously

  9. #9
    I think we should avoid complex thing in trading. the trading style you are more comfortable with you should follow that style. And do not try to do something exeptional in the market. always follow the rules that you have. no style is perfect and wrong in the forex market. in any style if you maintain discipline you can be profitable.

  10. #10
    Experience is important in every field and while trading in Forex market we need lots of experience to get success...experience person always follow the rule so that he can lots of money in Forex trading market...experience is very necessary while trading and it helps the trader to earn profits..

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