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How does experience come?

May 18, 2020 at 08:09
Vistas 3,219
82 Replies
forex_trader_1712030
Miembro desde Aug 04, 2020   posts 8
Aug 04, 2020 at 17:27 (editado Aug 04, 2020 at 17:35)
You're right. It is not only time and it is not only bad experience. I have been trading since 1997 but I start to be consistently make profit last one year and I have friends who started to trading in high school, he is mid 40's now and he is still terrible trader. My brother is trading last 15 years and still he is losing money and every time he lost badly. His motto is 'all or nothing' so many bad experience.

You would ask; if you are good at trading and they are bad why you didn't help them? Answer of this question is also answer of your question. I did; I recommend to them books after they ignore me and still they were losing I bought the book (remittances of a stock operator) and send them as gift. My bother has never read it. My friend read it and ignore it. Recently my friend start to write to me on whatsapp. I put him such a situation that he can not ignore his mistakes but result wasn't became better on trading, result was escape from me. We were close to break 30 years friendship. I understand that, for him it is not about trading it was another something. As Ed Seykota said 'everybody find what they are looking in market'

So what it makes you experienced trader in my opinion is being open mind, critical mind and self aware person. You have to be honest to yourself. You have to search for true not what is in your mind as true but real true. You have to have passion not addiction of gambling. If your character is not improve itselves that way you would always be like a child in front of markets. This is nothing to do with time. What about bad experience, it is not about experience but how you deal with that experience. If you blame broker, your wife your children, your computer or birds on air than you will never get something from that bad experience next time when it is repeat.
Jack Smith
forex_trader_745947
Miembro desde Jul 08, 2019   posts 57
Aug 05, 2020 at 18:01
@decapped It's one of the most remarkable comment I've ever seen. You've just said of my mind.
Greetings
Miembro desde Jul 27, 2020   posts 81
Aug 23, 2020 at 17:01
I would say that the analysis of losses is the key to profitability in trading in the future.
Miembro desde Jul 19, 2020   posts 788
Aug 25, 2020 at 01:01
It takes a lot of hard work to gain experience in trading. Forex trading is not an easy thing to do as you come into the market and make a profit easily. First, you need to get an idea about the price movement through demo trading. You need to gain a lot of knowledge from YouTube, Google, and various brokers while doing demo trading. You can learn any experience from a complete mentor. And you also have to learn from your mistakes.
Pegima (pegima)
Miembro desde Sep 13, 2020   posts 22
Sep 13, 2020 at 09:24
Experience is something that you gain by doing a thing for a considerable time.

A software developer can become an experienced software developer only by developing software/bug fixing for many years.

An accountant can become an experienced accountant only by preparing balance sheets, p&l accounts and other related things for many years.

In forex also you gain experience by trading
Never Ever Give Up
Miembro desde May 01, 2020   posts 11
Sep 15, 2020 at 03:15
EXPERIENCE CAN BE GOOD OR BAD AND IT ALWAYS COMES WITH TIME AND PRACTICE,BUT IT CAN ALSO BE GOOD OR BAD OR NONE BECAUSE I BELIEVE THE EXPERIENCE WE ARE TALKING ABOUT IN FOREX WHICH IS THE ONE WE WANT IT COMES WITH A FACTOR OF TIME ,PROGRESS AND A CONSISTENT APPROACH OF DOING THE SAME THING AGAIN AND AGAIN LEARNING FROM MISTAKES AND CORRECTING THEM AND GETTING BETTER HENCE MORE EXPERIENCED. IT CAN BE BAD IF YOU ARE STUBBORN AND FAIL TO LEARN FROM MISTAKES AND DOING THE WRONG THINGS OVER AND OVER AGAIN ,OR IT CAN BE NONE.
Miembro desde Jul 27, 2020   posts 81
Oct 01, 2020 at 13:24
You are all right, only time can give you the opportunity to gain experience
Miembro desde Jul 01, 2020   posts 27
Oct 19, 2020 at 13:02
Your losses are going to be your biggest teacher.
Miembro desde Jul 20, 2020   posts 232
Dec 19, 2020 at 14:43
I think practicing more and more can help you to become expert in the forex market.
Miembro desde Jul 19, 2020   posts 318
Dec 25, 2020 at 16:59
EbonyJones posted:
I think practicing more and more can help you to become expert in the forex market.
Yes. Practice makes a man perfect. The m,ore you practice the more you can earn money from this market.
Miembro desde Oct 26, 2020   posts 33
Jan 18, 2021 at 09:51
Experience does come with time but it also comprises every bit of learning and small failures. It is more than just time for me.
Miembro desde May 13, 2020   posts 128
Jan 18, 2021 at 10:17
It seems to me that other options for gaining experience, like the daily work of learning and development, have not been found.
Miembro desde Nov 26, 2020   posts 30
Jan 19, 2021 at 08:39
Experience can be gained if you constantly practice and develop your skills
Miembro desde Apr 28, 2020   posts 52
Feb 17, 2021 at 07:45
Experience comes with years and after regular practising and hard work.
Miembro desde Nov 19, 2020   posts 104
Feb 22, 2021 at 06:23
Evelyn55 posted:
Experience comes with years and after regular practising and hard work.
Agreed, it takes a lot of time, plus comprises all our failures, winnings, what we learn, everything. It is not only about the positives but also the lessons that trading teaches us.
Vanza Dorbey (vanzadorbey)
Miembro desde Jan 17, 2021   posts 31
Feb 22, 2021 at 06:28
focus on only one thing on the charts and ace it...needs thousands of hours...
Miembro desde Feb 04, 2021   posts 1
Feb 22, 2021 at 08:15
sailingconsist posted:
Experience does come with time but it also comprises every bit of learning and small failures. It is more than just time for me.

This is well on point bro.
Lee Baxter (bax699)
Miembro desde Oct 23, 2018   posts 29
Feb 22, 2021 at 11:37
Experience comes with time, plain and simple. Sitting on the charts daily and taking trades over years and learning from mistakes
oshaban (oshaban)
Miembro desde Sep 16, 2009   posts 190
Mar 03, 2021 at 10:22
Good question ...
Sorry to write directly without reading all the pages. My answer could be already written here ...

My personal history for gaining experience is like this ...
'Never ask a question about forex before you did big search to find the answer'.
This means, you will work harder, learn more things while searching for answers.
In case, you can't find the answer you are looking for, you may ask for it.
The reason for doing this is to gain more knowledge and also to make the answer stick in your memory because you spent more time to get it.
Easy come is easy to go.

If you follow this rule, sure, by time you will have more experience by time.
... oshaban ... skype: oshaban27 ...
Miembro desde Feb 20, 2021   posts 53
Sep 28, 2021 at 09:13
As a beginner, the best way to get some experience of trading is by opening a demo account. Once you have learnt how to use trading platforms and have a clear picture of what your broker offers, you can go live but use a small amount, because you are yet to discover how the live forex market looks. This is the best way to build your experience in the forex market and learn step by step.
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