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Thread: Can our experience improve psychology in trading?

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    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?

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  2. #11
    Trader rinaji's Avatar
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    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?
    Yes of course, real trading experience can improve the quality of our psychology in trade, maybe we feel it, I found there are trader who have more than two years of experience but he did not get a good development psychologically, I do not know what the reason behind it, but this is a reality. So this is dependent each individual trader.

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  3. #12
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    Quote Originally Posted by samprazaan View Post
    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,
    Experience comes from knowledge and knoledge comes from experience. Experience in practical trading real account is the more important than experience just reading manual/book. If there any people interest on forex trading bu no experience, remember experience comes from doing real, demo/real account.

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  4. #13
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    Quote Originally Posted by rinaji View Post
    Yes of course, real trading experience can improve the quality of our psychology in trade, maybe we feel it, I found there are trader who have more than two years of experience but he did not get a good development psychologically, I do not know what the reason behind it, but this is a reality. So this is dependent each individual trader.
    Maybe you're right if it is depending on the person but mostly traders will be easier to control emotion when the traders have spent more time to trade to have a lot of experiences. Experience makes perfect because experience is gained from doing a lot of practices. If we did a lot of trading, then we will know better the risk in each condition of market. Indirectly, it will help traders to trade better.

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    Quote Originally Posted by andry777 View Post
    Experience makes perfect because experience is gained from doing a lot of practices. If we did a lot of trading, then we will know better the risk in each condition of market. Indirectly, it will help traders to trade better.
    Experience makes perfect. Even bad experience in trading such as lost, margin call, even stop out, makes trader capacity and ability increase. Experience give trader many knowledge to face the more advance in the market. How to improve the phychology in trading is just keep monitoring the trading market and keep monitoring the economy.

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  6. #15
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    This is a very good psychological thread, I know fully well that the experience of the trader is the perfect teacher, and it will surely increase the psychology of trader, it will improve it to the extent that will bring good trading earnings to the trader and maintain his self control. What you are doing everyday will bring improvement to it each day you are doing it.

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    Trader lawners1791's Avatar
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    yes as the returns of the past work those of still to gives of good value as confirming of entries with the decision on working of the future spends on appealing of the tasks and request of the manage on completing of target with the decision on working of the good jobs of the trading.

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  8. #17
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    Quote Originally Posted by cozard007 View Post
    This is a very good psychological thread, I know fully well that the experience of the trader is the perfect teacher, and it will surely increase the psychology of trader, it will improve it to the extent that will bring good trading earnings to the trader and maintain his self control. What you are doing everyday will bring improvement to it each day you are doing it.
    Experience will make us a better trader, but its a question of how long would it take for us to be psychologically prepared in trading, there are traders that are trading for 10years and still struggle to make a decent earning because his emotions keeps messing up in his trading decisions, I believe that being psychologically prepared in these market is to have the right mindset at the very start of his trading career, the problem to most of us in trading is we dont start right and so we are out of focus on what are the right steps toward becoming a good trader.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

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    Quote Originally Posted by cozard007 View Post
    This is a very good psychological thread, I know fully well that the experience of the trader is the perfect teacher, and it will surely increase the psychology of trader, it will improve it to the extent that will bring good trading earnings to the trader and maintain his self control. What you are doing everyday will bring improvement to it each day you are doing it.
    What we are doing everyday will contruct our personality and character. We are usually facing the market and make the analysis on the market then make som good profit. We doing the same day by day and get profit day by day will construct our personality to be successful trader.

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  10. #19
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    [lang=id]some good traders or success trader, they learned from experiences, it is the best teacher for all of us and also books or any references was built by someone who had experiences and understood them,
    and so of course, experiences can develop our skill and if we accept and learn it,[/lang]

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  11. #20
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    Quote Originally Posted by samprazaan View Post
    some good traders or success trader, they learned from experiences, it is the best teacher for all of us and also books or any references was built by someone who had experiences and understood them,
    and so of course, experiences can develop our skill and if we accept and learn it,
    Experience and pratice makes perfect. Experience is the most important than any theoretical. To learn about psychology is important to do. Learning psychology also important in forex trading. Psychology is the most important better than emotion and trading strategy.

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