You can pay and get knowledge but not for experience - Page 2
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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. #11
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    try something will give us the experiences whether good or bad, both of them become the sources of knowledge for us and if only we take and evaluate them as a part of our responsibility to fix and complete the weakness and then we can grow better than the past. all the thing here, we just need to do everything by ourselves and not with other hands, and why, for them who want to be a pro trader need to trade manually and the main goals here to get more and more experiences which will build them to be a mature trader in the future

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  3. #12
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    Quote Originally Posted by mr.big View Post
    try something will give us the experiences whether good or bad, both of them become the sources of knowledge for us and if only we take and evaluate them as a part of our responsibility to fix and complete the weakness and then we can grow better than the past. all the thing here, we just need to do everything by ourselves and not with other hands, and why, for them who want to be a pro trader need to trade manually and the main goals here to get more and more experiences which will build them to be a mature trader in the future
    That is why this is to be done in the demo account first because the experience will be more useful in the demo trading account. Forex trading is a risky business and the only method to make money from it is by learning, Apparently we all can read up things online on how to be a trader but the main deal is on us being able to apply what we have read on the practical aspect.

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  4. #13
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    You might be right, cause learning forex trading ourselves from experience and loss is the best way to understand the forex market very well, if we pay for the knowledge without experience we'll still find it difficult to trade in the market so it is very important we learn make mistake and learn from those mistakes to get better experience and knowledge.

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  5. #14
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    yes there is no shortcut actually whenever we try to use some shortcut we can lose more then earning, for this we use big risk and can lose all in short time, in learning process when we use some shortcut we try signals and these are totally risky, so make sure you are using a proper way otherwise it can be bad for us

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  6. #15
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    In the Forex market, every one of us is qualified to have a great experience, only to learn from everything that is encountered in this market. So it is better for everyone instead of paying a lot of money for learning that depends on the demo account. This account can make us learn everything about the forex market without having to tease anything of our money

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  7. #16
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    You are absolutely right that our knowledge and experience we get from demo trading because if we do this thing in our real trading account then its very bad for us. We can lose our all investment easily in we practice in real trading account. We can practice and make mistakes and then find the solution of it in demo trading. When our skills are become perfect then we can start work on real trading.

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  8. #17
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    This is true because experience is what you learn by yourself by making your own trade and knowing what is really working out for you in this trade. Knowledge can be gained if we pay for it but experience teaches you right from your trade. It's good we decide to learn from our experience and work towards improving our skills which is likely going to give us success.

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  9. #18
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    A trader should be relaxed and patient and should always try to control his emotions and must be prepared for every situation and should be able to react accordingly.A good trading discipline and positive frame of mind will enable a trader to be prepared and react in every kind of situation or the markets.

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  10. #19
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    Quote Originally Posted by RaptFX View Post
    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?
    Yes, you are right , the experience come as a result of the activities we have been doing from different years for a long time, this will make us to have much experience , we do not pay for this as we paid for the learning from the experts and professional , so it very good trader desire to keep all things he had been seeing along the line to become great experience for him in the future.

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  11. #20
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    of course, this is a reason for traders to spend more time for practicing, this is the only way for us to get the skill and ability to implement the knowledge properly and so we can use it for trading forex. traders with knowledge but low experiences will give them big risk, but for them who have the experiences at the same time will have the knowledge and understand to implement them, and it means, experiences is sources of knowledge and become a good thing when traders have the skill for it

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