You can pay and get knowledge but not for experience - Page 3
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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. #21
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    No one pays for experience because you have to face it by yourself before you can learn from it and take proper decisions in your trade. Knowledge can be developed by adequate learning but from experience we learn personal lessons which is likely going to give us more success. It's good one trading good in forex and if you can follow the right means to make a good trade, that's when you will enjoy this trading.

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  3. #22
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    there is no doubt that getting of experience will come by knowledge and trading and so the trader that will get good knowledge will be able to get good experience too and will trade well, forex requires much knowledge because this will make trading more effective and more profitable for the trader that have much knowledge and experience.

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  4. #23
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    Trading is a risky business and the best way to succeed in the business is understanding the market and developing a good trading skills and understanding. We can pay to learn but doing the right thing is not something that we will have to pay for, we will have to go get it ourselves from the demo account and acquire good trading experience.

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  5. #24
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    Quote Originally Posted by D'mastermind View Post
    Trading is a risky business and the best way to succeed in the business is understanding the market and developing a good trading skills and understanding. We can pay to learn but doing the right thing is not something that we will have to pay for, we will have to go get it ourselves from the demo account and acquire good trading experience.
    Learning also goes along with proper experience because it is what improves us to have more better means to make the right profits with forex. Knowledge is something we crave for and we pay for it to improve along with our experience. No matter how you see it, experience is developed when we practice our knowledge.

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  6. #25
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    Learning involved mistakes there is no way we can learn without mistakes because without mistakes we can't be perfect in trading forex, so learning involve mistakes and it's very necessary that we learn from those mistakes cause only then we can get to understand how to trade forex well.

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  7. #26
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    The key is to simply work at your hardest. Its not just like as soon as you gain the experience you will become a successful trader. There are traders who have months of experience but they are still not profitable,you need to gain the best experience and not just experience and the way to do that is to gain the most valuable knowledge first.

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  8. #27
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    Experience is so priceless that can't by with money,experience are only gotten by getting yourself involved in the process over a long period of time. In forex, knowledge alone is not enough to achieve success, experience is also needed to make you to fully understand what the market price is capable of doing so that you can plan well for it.

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  9. #28
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    Quote Originally Posted by musiliu View Post
    Experience is so priceless that can't by with money,experience are only gotten by getting yourself involved in the process over a long period of time. In forex, knowledge alone is not enough to achieve success, experience is also needed to make you to fully understand what the market price is capable of doing so that you can plan well for it.
    Experience is what we get when we have decided to work hard in the business because no one will ever become successful without experience and one could learn from other traders trading experience but it will be of much greater importance that a trader also makes sure that they develop good trading understanding and skills and also know that making money from forex will be only possible through skills and knowledge development.

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  10. #29
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    Getting knowledge is very much simple,I mean any one can get trading knowledge from any way but being able to make success and make good amount of money from forex trading is not and will not be that simple, so traders needs to develop good trading understanding on how the business works. Trading needs more practice with that been said the demo account is the best place where to learn.

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  11. #30
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    Knowledge and skills when trading is two important thing that you should get. Well, the knowledge you have gotten will quite sharp the kind of experience you will get from the business, thus to make this more safer, traders has to follow the demo account because there you could get all experience on a plater of gold.

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