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How does experience come?

forex_trader_[1712030]
Aug 04 2020 at 17:27
8 ieraksti
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 (GlobalScalper)
Aug 05 2020 at 18:01
52 ieraksti
@decapped It's one of the most remarkable comment I've ever seen. You've just said of my mind.
Greetings

Beagelv
Aug 23 2020 at 17:01
81 ieraksti
I would say that the analysis of losses is the key to profitability in trading in the future.

AliaDare
Aug 25 2020 at 01:01
670 ieraksti
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)
Sep 13 2020 at 09:24
22 ieraksti
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

Sammiebwoy
Sep 15 2020 at 03:15
11 ieraksti
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.

Beagelv
Oct 01 2020 at 13:24
81 ieraksti
You are all right, only time can give you the opportunity to gain experience

Ezereombre
Oct 19 2020 at 13:02
27 ieraksti
Your losses are going to be your biggest teacher.

EbonyJones
Dec 19 2020 at 14:43
232 ieraksti
I think practicing more and more can help you to become expert in the forex market.

GeorgeBischof
Dec 25 2020 at 16:59
318 ieraksti
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.

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