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Thread: Can our experience improve psychology in trading?

  1. #1
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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. #391
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    In some cases yes it can. But then some traders are not going to be that disciplined and patient for it to help them achieve it. Because we still have the choice too make. So when some traders has lost their money, they still engage on higher risk trading as they want to make money from the market so fast. Experience is the best teacher to the disciplined traders.

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  3. #392
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    Trading is a business wherein you take a gander at the mirror (demonstrating your deficiencies and shortcomings) regular. It requires genuine guts to admit to yourself that you have deficiencies, take off alone looking and tallying them regular.

    When you begin conceding that you have a blame, you consequently begin scanning for approaches to correct it. Subsequently you enhance your identity and brain research.

    On the off chance that you drive sufficiently forward, you improve as a man and the outcomes will be appeared in your record articulation moreover. :)

    On the off chance that you discover any alternate routes, be additional cautious as they probably won't keep going long.

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  4. #393
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    There are no limitations to who can start trading in forex market. Compared to other investment opportunities, forex is more flexible and easily accessible to all generation and people coming from different wealth classes. But a trader will always require proper trading knowledge so that he can make the best use of forex trading advantages. Without sufficient trading expertise this journey of trading can be quite impulsive for a forex trader actually.

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  5. #394
    Trader elghina's Avatar
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    Yes of course experience can improve our trading psychology, but this is only for experience in live trading or real trading, not for demo trading experience. The more experience the more knowledge and psychological learning that we get. that is what should happen to every trader, even though the increase in psychology in trading is dependent on each trader because everyone can be different in this regard. Personal traits and influences from the environment may also influence the psychological conditions within us.

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  6. #395
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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?

    every wise and intelligent person will learn about the mistakes they have experienced. like a country that has a bad history, its people definitely don't want it to happen again
    by trying to make similar things not happen again.
    for example, if he fails because trading in emotional conditions is not stable then there are things he must change, which is to keep the mood and mind always calm.
    as a trader, it's good to have a journal that is used as a historical record as a trader, record achievements and shortcomings / losses that have been experienced.
    I think the existence of a journal as a record of our experience can help us not to repeat the same mistakes.

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