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Thread: You can pay and get knowledge but not for experience

  1. #1
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    You can pay and get knowledge but not for experience

    I know this might hurt, but the truth about forex trading is that there is no short cut, if you really do want success from the business you have to make it so evident, by learning.

    This advice is mainly for new traders who thinks they can pay some huge amount of money and learn from the best traders traders. You will get knowledge with paid money but not real experience.

    This is my personal experience.

    1. Learn.

    2. Make mistakes.

    3. Then learn from the mistakes.

    All those three things should be done in the demo trading account.

    What do you think?

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  2. #1041
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    Quote Originally Posted by Lyon View Post
    If really we want to make money from the market then we need to balance things when dealing with the market, that means that we need to get to have the knowledge and then we should be willing to get the experience and knowing that the experience will involve we losing our money, when we have lost then we get to learn from it and become profitable as well.
    everyone is willing to get experience here before doing anything and this is good thing also, we all know if we have good experience we can use that experience and can analyze market and if we do this we can earn some good profit, but if we do not have good analysis we can lose, so practice on demo for this purpose this is necessary step for gaining experience

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  3. #1042
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    Quote Originally Posted by touqir View Post
    everyone is willing to get experience here before doing anything and this is good thing also, we all know if we have good experience we can use that experience and can analyze market and if we do this we can earn some good profit, but if we do not have good analysis we can lose, so practice on demo for this purpose this is necessary step for gaining experience
    Well where there is will there is a way and if we are really willing to build upon our experience then it will take us to pro levels some day. The main thing here is we do our work with dedication and interest and dont get careless with any important issues in Forex trading. Experience grows stronger as we keeping working, so the more time we have been working in Forex conducting our trading, the stronger we become.

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  4. #1043
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    Quote Originally Posted by Abhishekwala View Post
    Well where there is will there is a way and if we are really willing to build upon our experience then it will take us to pro levels some day. The main thing here is we do our work with dedication and interest and dont get careless with any important issues in Forex trading. Experience grows stronger as we keeping working, so the more time we have been working in Forex conducting our trading, the stronger we become.
    If you can working on forex market with good learning and planning then we can easily get more then experience and knowledge from market in short time. Working on it with carefully and effective trading method always helpful for him otherwise we can faces more then losses from it. Experience and knowledge are keys to everyday getting success on forex trading business.

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  5. #1044
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    Quote Originally Posted by biru View Post
    If you can working on forex market with good learning and planning then we can easily get more then experience and knowledge from market in short time. Working on it with carefully and effective trading method always helpful for him otherwise we can faces more then losses from it. Experience and knowledge are keys to everyday getting success on forex trading business.
    Notice that experience comes from our hard work in trading and past practice we've done as beginners. So the more we trade, the better quality of experience we can get from various results of our trading as well. Consider having bad and good trades as our lesson to learn will produce some positive experience to help us getting better with our next analysis.

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    rules made to be followed, not to be broken

  6. #1045
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    Experience is the best way to follow the market and know what should be done at the right point in time. Learning from experience is very important and its sure what would give us the chance to see we can succeed and achieve that trade we have always wanted. Knowledge will bring about good trading and my advice to traders is to work hard to learn and build a system that will help them to make it and come up with better profits for themselves at the right point in time.

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  7. #1046
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    You don't buy good experience. There is no shortcut on forex and its only when you put in your time to learn that you can always have the possible opportunity to build a good trade that will help your trade. Knowledge is the way to which we can develop and its of course the best way we can manage our risk and see we can realize the right goals. A trader would earn well here and if they can take learning seriously or make plans according to their experience, it will sure be for their very own gain.

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  8. #1047
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    Quote Originally Posted by Senorita View Post
    You don't buy good experience. There is no shortcut on forex and its only when you put in your time to learn that you can always have the possible opportunity to build a good trade that will help your trade. Knowledge is the way to which we can develop and its of course the best way we can manage our risk and see we can realize the right goals. A trader would earn well here and if they can take learning seriously or make plans according to their experience, it will sure be for their very own gain.
    We cannot buy experience and those who are looking for shortcuts cannot survive in this business even till they have some sound experience. Knowledge, skills and experience all these build up with traders own efforts and passion to excel in the field of Forex trading. To me knowledge is one big pillar and the other big pillar is discipline, and on these two pillars our success stands. And both knowledge and discipline can be gotten through experience.

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  9. #1048
    Rookie Lyon's Avatar
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    You get to have good knowledge and skills, experience is nothing something that you will say you can get from other people, that is one reason why I love the forex trading market, because we get to have the share of the demo account and then with the demo account there will be no limit to the learning that can be done and then we can really get to improve with it. So, the knowledge from the other traders is not enough for us to succeed.

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  10. #1049
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    Knowledge and expierence are two different things in forex market. Trader can learn all trading theory in a month or two but it will not start trading well after having this theoretical background. There are many financial analysts that do not trade in the market because trading in forex market needs good experience and practice.

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  11. #1050
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    Quote Originally Posted by Krosneles View Post
    Knowledge and expierence are two different things in forex market. Trader can learn all trading theory in a month or two but it will not start trading well after having this theoretical background. There are many financial analysts that do not trade in the market because trading in forex market needs good experience and practice.
    Processing all the things we've learned thru theories isn't easy job because we must know the differences, real things in market with practice. not to mention with market unstable movements and misleading patterns. doing practice and get the experience is the next level of difficulty we must pass and it's not as easy as learning a manual book of trading rules.

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