Can our experience improve psychology in trading?
Page 1 of 40 1234511 ... LastLast
Results 1 to 10 of 395

Thread: Can our experience improve psychology in trading?

  1. #1
    Registered user
    Join Date
    Sep 2013
    Posts
    2,890

    Can our experience improve psychology in trading?

    In trading, experience is important thing to be able survive in forex business. There is no trader who can trade well except experience trading himself because trading is not only theory. The reality in trading is different with theory so getting knowledge only is not enough to become expert traders. Expert traders must have good emotion control, do you think a lot of experience automatically give stable emotion? Is it enough to do a lot of trading in order to get good emotion in trading?

  2. #2
    Banned
    Join Date
    Aug 2013
    Location
    State Himachal Pradesh
    Posts
    9,370
    If you are talking about the real trading experience then yes we need a lot of trading knowledge to become a good trader. Forex trading is all about a practical knowledge and everything depend upon your practice. As much as practice you will do much better result you will got in your trading. A long time experience can surely improve our trading psychology

  3. #3
    Experience can help us realize our mistakes and be better aware how to deal those situations again when it happen, but most of the time traders never learned from their experiences and keep on repeating the same mistakes over and over again and making mistakes can become a habit which can be a dangerous situation for a trader.
    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

  4. #4
    Trader
    Join Date
    Feb 2013
    Posts
    5,980
    Quote Originally Posted by andry777 View Post
    In trading, experience is important thing to be able survive in forex business. There is no trader who can trade well except experience trading himself because trading is not only theory. The reality in trading is different with theory so getting knowledge only is not enough to become expert traders. Expert traders must have good emotion control, do you think a lot of experience automatically give stable emotion? Is it enough to do a lot of trading in order to get good emotion in trading?
    To control emotion and to control psychology is can be mastered by learning by doing (experienced). The best learning in anything is by doing. Nothing comes out from just reading the book.
    Psychology is the field of the mentality and spiritual matter. You can improve your psychological matter by increasing your spiritual activity in praying to God.

  5. #5
    forex trading psychology requires a mature, if you experience loss, then do not carry emotions and revenge, you have to control emotions. experience use good money management is the most important thing that a trader should observe and that will always makes all successful, with a proper risk to reward ratio.

  6. #6
    Trader
    Join Date
    Feb 2013
    Posts
    5,980
    Quote Originally Posted by ngalapreceh View Post
    forex trading psychology requires a mature, if you experience loss, then do not carry emotions and revenge, you have to control emotions. experience use good money management is the most important thing that a trader should observe and that will always makes all successful, with a proper risk to reward ratio.
    I think the opposite, mature needs experience. Person can be called mature or adult when person experience many things in his life. We assume trading like a life process. To be more mastered and experienced in trading trader needs many experience, experience of loss, margin call, stop out, profit, etc

  7. #7
    Banned
    Join Date
    Oct 2013
    Posts
    11,246
    experience is the source of knowledge and useful for them who want to accept and learn them, no matter at demo account or real accounts, and we build psychologies from this thing, some experiences will build mental , emotion controlling and develop the skill and improve it, so keep learning and practicing is the best way that needed by traders

  8. #8
    Banned
    Join Date
    Sep 2013
    Posts
    26,776
    The experience of the trader could do so many good things for the trader, it is the main reason why the trader understand the market very well. And with this point, I think it will increase the psychology of the trader. It might take time, but it has all it takes to improve all the qualities the trader want to be working with in the market.

  9. #9
    Banned
    Join Date
    Jul 2014
    Posts
    9,665
    [lang=id]i am sure about it, experiences will become a good thing for traders to develop the skill and grow up as a good trader later, and as long as they respect , accept and evaluate them, so you will know the weakness and how to sole it, experiences is much better than just read some books for getting theories,[/lang]

  10. #10
    Trader
    Join Date
    Dec 2014
    Posts
    1,049
    [lang=ar]What is the Experience ? most of the traders see that the experience comes form the good and a lot practicing of a certain work several times withing a short time om order to can assemble all the thoughts together before forgetting any of them . so experience is very vital to think good and to be successful in a certain field of working[/lang]

Page 1 of 40 1234511 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •