You can pay and get knowledge but not for experience - Page 90
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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. #891
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    Quote Originally Posted by juniorpeters View Post
    when it comes to trading the market there is nothing like short cut so the best thing is to get your mind off that and focus on the bigger picture which consistency on the long run.first you need to put in learning to trade the market after that then you can remove the L and earn from Forex,there are no way to success.you must have heard how profitable trading the market is but if you come into it with a short term expectation you will end up giving to the market.
    Short cut is neither good while learning or while trading, you have to take all decisions rationally and using your experience. Knowledge and experience needs to go hand in hand in making you a successful trader. In beginning you need to learn the basics and start practicing them, otherwise things will be too frustrating here. Certain things has to be done seriously, like proper analysis to find a good opportunity to trade.

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  3. #892
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    Learning, making mistakes and learning from those mistakes might sound easy but the truth is that the reality is not always like that, we might have to repeat our mistakes several times before we understand the way to avoid it, people make mistakes, but where we can gain experience is when we can get out of the cycle of repeatedly doing same mistake, we can pay for knowledge but this type of experience is not something we can give anything in exchange for.

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