As in all things in life, experience comes from learning from your successes and from others, but more importantly, learning from your mistakes and from others so you won't repeat them again. That's how we all learn and evolve.
Integrity is the seed for achievement. It is the principle that never fails. - Earl Nightingale
Experience comes to forex traders by practising and learning the best method to use for themselves. It is important to remember that there are no shortcuts or quick ways to make lots of money in forex trading. There are always trading risks involved in forex trading, but if you start by doing research and learning about the forex market, it can help put you at an advantage over other beginners.
Experience comes with time, and it is the only way we gain knowledge. Traders who have spent their time on the markets have already accumulated enough experience to know what is good for them and what isn't. After gaining experience; you will be able to know what works for you and what doesn’t, and trade the way that is best for you.
Experience comes when you apply the lessons you learn from your trades. Traders who grow always backtest their strategies and keep a progressive learning attitude. The best way is to maintain a trading journal. This will help traders to identify where they are lacking and have a better understanding of their trading approach and gain experience as a trader.
Experience comes only due to your hardworking and there are no other things which can bring you this experience. Of course, you may work hard and receive bad experience, but remember that it's also an experience which will be trsnformed into something positive in future. If you want to ask when it happen, then I answer you that everything depends on you. The more durable you are, the more chances to make it closer to you you have. All traders face difficulties and they suppose that bad experience should be the end of their career. However, it's not like that. The more you try, the more impact from your tryings you will get I bet.
Experience is not something that can be acquired, but is rather something that is earned with passage of time. A journey full of victories and losses, traders need to understand that it is essential to keep working, updating your trading style and methodologies in accordance with the dominant trends in the market to last long in the field and earn maximum profits.
Experience comes from trading.Though you may have acquired necessary skills and knowledge ,You can earn money only by real time trading.If you are worried about losing money,start practising with a free demo account.Get more exposure and then invest your real money.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.