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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. #761
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    Quote Originally Posted by biru View Post
    In forex we are need only knowledge for start work on it and when we have get it then we are not need to pay for experience. We can work with our knowledge on this market and get experience on it easily. So the main thing is traders knowledge which is help is to make every day some big profit from our trades.
    It is not about paying for experience or not, it is certainly not possible for traders to pay for experience they can only be paying for knowledge. The payment for knowledge is also optional, the traders that are learning by themselves may not pay for anything, it is the traders that are learning through other paid services that has that issue. While the experience is acquired by our training, nothing else can give you experience.

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  3. #762
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    Quote Originally Posted by ajagbeolegba View Post
    It is not about paying for experience or not, it is certainly not possible for traders to pay for experience they can only be paying for knowledge. The payment for knowledge is also optional, the traders that are learning by themselves may not pay for anything, it is the traders that are learning through other paid services that has that issue. While the experience is acquired by our training, nothing else can give you experience.
    But the trader that has gone through the learning and then through the knowledge they have gotten from a well experienced trader will have a more better chances at being a good trader. in a nutshell, knowledge and the way you have gotten it matters. If you learn from the good traders, you will definitely perform good when learning on demo account.

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  4. #763
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    Paying for knowledge is also kinda dangerous as there is a lot of fake knowledge circulating around. And everything we pay for we tend to get attached to and prefer it over free things, which in this case may greatly impale our development process.
    I've pirated a lot of books in the past few years, those that were hardest to find usually contained some innovative and usable ideas, but I've most certainly benefited from the easiest to find. I like to think it's because their authors are making lots of money and book payments won't make a difference to them.

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    Wow. Much Forex. So Monies. Very Opportunity.Many Trade. So Amazed. Wow.

  5. #764
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    Experience is sure important in forex and be ready to learn more about this business to develop good knowledge that will help build your experience. You can make money with the right experience and this is why you must be ready to practice well and seek in the essential improvement needed as a trader that want to gain success. The right way to develop more is having that knowledge and experience that will help to see that the right decisions are been taken.

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  6. #765
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    Quote Originally Posted by sniper007 View Post
    But the trader that has gone through the learning and then through the knowledge they have gotten from a well experienced trader will have a more better chances at being a good trader. in a nutshell, knowledge and the way you have gotten it matters. If you learn from the good traders, you will definitely perform good when learning on demo account.
    Well, the knowledge is important, but the way you got that knowledge does not matter, what matters is the right source of that knowledge, and in case you don't know, the two are not the same thing. Traders may buy knowledge, they may snatch it or they can even pay for it, as long as it is working for them, then it is good. Yet, you cannot buy experience, you can only train to possess it.

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  7. #766
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    Experience is something that can be obtained from the activities the trader has engaged with. If as a trader you always follow through with the demo account, then more chances are that you will get way more experienced and then way more successful. But actually the knowledge you have obtained from the beginning will determine how far you can go.

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  8. #767
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    In forex the main thing is our knowledge and when traders are get knowledge then its really easy for traders to get experience on forex because without knowledge we cannot be able to work on forex trading. we are only need pay for knowledge and when we get knowledge then we can easily make experience on forex trading and we are not need pay for it.

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  9. #768
    Rookie Azis Muslim's Avatar
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    Quote Originally Posted by mao View Post
    In forex the main thing is our knowledge and when traders are get knowledge then its really easy for traders to get experience on forex because without knowledge we cannot be able to work on forex trading. we are only need pay for knowledge and when we get knowledge then we can easily make experience on forex trading and we are not need pay for it.
    Forex is not just all about knowledge but also experience and practice. Knowledge is quite cheap and can be bought but experience is something that you need to work and find it by yourself. Nobody can help us to get experience unless we try our best to spend our valuable time in the business for real seriousness. Some says that experience is priceless because it does not require money to get but sacrifice.

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  10. #769
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    Quote Originally Posted by Azis Muslim View Post
    Forex is not just all about knowledge but also experience and practice. Knowledge is quite cheap and can be bought but experience is something that you need to work and find it by yourself. Nobody can help us to get experience unless we try our best to spend our valuable time in the business for real seriousness. Some says that experience is priceless because it does not require money to get but sacrifice.
    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. Opening trades without analysis or strategy or taking more risks can make trading severely go wrong.

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  11. #770
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    Quote Originally Posted by Bhave4U View Post
    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. Opening trades without analysis or strategy or taking more risks can make trading severely go wrong.
    Knowledge can be bought to get as we can get it from buying books of guidance that tells us how to trade forex in proper way. Hiring tutor to teach us to trade forex in demo also counted as pay to understand the business for faster means of learning than learning everything on our own. Unfortunately what money can't buy is experience which we must work hard to get it.

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    rules made to be followed, not to be broken

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