Our experience and knowledge should justify the risk we take in trading - Page 203
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Thread: Our experience and knowledge should justify the risk we take in trading

  1. #1
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    Our experience and knowledge should justify the risk we take in trading

    Reason some beginners lose huge money: I have seen that some beginners have lost huge money in trading. But why did they lost huge money? The answer is simple. They traded with a huge amount of money and risked it. Even if any beginner practiced a lot on a demo account he will not still be in a position to trade successfully in real trading. Real trading experience is vital for successful real trading.

    Why should beginners not invest huge money to do trading
    It is always advisable that beginners trade with small deposit at least for the first few months of real trading. This can help them to gain the real trading experience which is invaluable for success in this business. I think when a beginners moves from demo to real for the first time their learning is not complete. They are still in their learning stage. And in this learning stage trading with small deposit will ensure that despite wrong trading their losses will not be big.

    Our experience and knowledge should justify the risk we take in trading
    : It is only when we have enough experience and we are sure of our capabilities as a Forex trader we should think of investing big here. If beginners rush to earn big trading with a big deposit then there is almost a sure probability of their losing that big deposit and giving a big start to severe financial crises. Forex is not a business were irrational behavior or illogical trading will be excused.

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  2. #2021
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    In as much as we all should know that having experience is one of the most important thing in forex trading. A trader who wants to be successful ain't will be needing to increase the risk no matter what, even when they have made some extra profitable trades, the trader should know how to keep the risk low at all times and then make good corrections consistently.

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  3. #2022
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    Experience is the best teacher, with good experience the trader can make some good correction to the way they trade, whereas making them a good profitable trader, experience that I had made me understand the market so better and then one lesson is that, never let your progress get into your head and then starts making you take poor trading risk management decisions.

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  4. #2023
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    Quote Originally Posted by Lyon View Post
    Experience is the best teacher, with good experience the trader can make some good correction to the way they trade, whereas making them a good profitable trader, experience that I had made me understand the market so better and then one lesson is that, never let your progress get into your head and then starts making you take poor trading risk management decisions.
    some time experience is our teacher and sometime our teacher teach us experience it not means just human one, it can be demo account its also our teacher, when we use demo we apply own strategy, we learn things, we learn strategies and ways to make orders, it tell us our strategy is worthy or not, so we can take decision to in or out from our trading

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    Quote Originally Posted by touqir View Post
    some time experience is our teacher and sometime our teacher teach us experience it not means just human one, it can be demo account its also our teacher, when we use demo we apply own strategy, we learn things, we learn strategies and ways to make orders, it tell us our strategy is worthy or not, so we can take decision to in or out from our trading
    One thing that explains it all, experience is what we need to get through practice and trading because we'll never get anything of it if we're only learning through theories and written rules. All of them must be implemented directly to a trading field, which is forex market. As safest approach, we can use demo account to practice there and get as many experience as we can by practicing for long time. Good preparations will be fruitful in good profits, eventually. So stay patience.

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    rules made to be followed, not to be broken

  6. #2025
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    Our experience is very important and its what should be followed if we must make profits from trading. Every trader must build their experience and have the best knowledge that would help them work on achieving their goals. It's always good to build the right experience and its what bring about knowledge that would help us survive. Traders must learn from their trade because it's sure the way they can take corrections and be open to have a better trade right here.

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  7. #2026
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    If any new trader will ask experienced trader what the key of success is so they will get the only answer: Good risk and money management rules. Traders with 100 deposit lose money because they want to trade with 0,1 lot and it is very risky. But when they have deposit of 500 dollars and trade with the same 0,1 lot so they start to earn money.

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  8. #2027
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    Quote Originally Posted by Krosneles View Post
    Good risk and money management rules.
    This have never been a lie. Good money management is what will give traders the possibility to manage their investment and still have what it takes to target for a good trade. Experience have given me the means to keep improving on how to handle my trade and see I can earn from forex always. Knowledge coupled with experience will enhance our trade and make us realize the need we must apply good risk management.

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  9. #2028
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    I should say that the risk as to be minimum, no one should engage in such a trade that they keep on taking risk that they can't afford as the risk should be well calculate the risks, there will be risk at all times and what the trader has to do is that the risk management has to be stable, don't take too much risks, it will only get you to loss your money, be the kind of good calculative trader.

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  10. #2029
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    Quote Originally Posted by Krosneles View Post
    If any new trader will ask experienced trader what the key of success is so they will get the only answer: Good risk and money management rules. Traders with 100 deposit lose money because they want to trade with 0,1 lot and it is very risky. But when they have deposit of 500 dollars and trade with the same 0,1 lot so they start to earn money.
    There are many important keys to the success of traders, one of them is the money and risk management. The traders which have the confirmed experience on how to trade the market rightly will need to work with their management along with the trading strategy which can be of good regular signals to the trader. Those are the most important elements of trading which i know that traders will trade and make success when they use them well.

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  11. #2030
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    There is something that usually do happen to traders and which is that, when some traders tends to make money from the market, they get so over confident about the way they trade and all that and then that makes them take huge risks, which is not a good thing, you should be able to have the experience it takes so as you can be a good profitable trader, experience is quite important but still stick to the reasonable risk management to avoid poor taken trades.

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