experience will complement the knowledge we have

[nicktheking]

Knowledge is very important when it comes to experiencing forex trading, it will be a make it or break it for you in your trading journey.

 

[kenthansen]

Experience is your best teacher. You might try to grab all the essentials of knowledge from different resources, but you will always learn the most important lessons with the experience you obtain in the live market.

 

[Kevin Vogt]

Skills are the most important thing in forex trading. Loss comes from not knowing what we are doing. Forex trading needs both technical and mental skills to be successful.

 

[Eduardo Lucchese]

Traders mostly like to follow others but it won’t grow ability in them. Using several strategies at a time will help traders to get confirmation of a certain signal.

 

[Bahiya Shinam]

This indicator provides traders with some point-centric ideas from where the market can bounce back. So traders can make good amount of profit if they follow this inmdicator properly.

 

[Madison Lopez]

In my opinion, when you trade with proper knowledge and understanding you will get a fruit result. But if you are working on something without proper knowledge it will lead you to mistakes. So, knowledge and experience come in handy.

 

[Crapulent]

Yes, knowledge is important in forex trading, but experience supplements our knowledge. With just knowledge, you can make some good money, but with experience, you can make a lot of money.

 

[TruthCrypt]

I think knowledge is important for marking a good beginning as a newcomer in the forex market. But you are bound to make some mistakes during the initial period as you lack experience. Because there are so many aspects of trading which can be learned from hands-on trading experience only. That is why beginners are advised to stay patient and enter the forex market with long term plans.

 

[magnum]

In my opinion, when you trade with proper knowledge and understanding you will get a fruit result. But if you are working on something without proper knowledge it will lead you to mistakes. So, knowledge and experience come in handy.

The fact that we can make mistakes even after experience, as you mentioned, really clarifies our knowledge and practical execution. Like in trading we can gain as much knowledge as we want but until we try it out and learn from our mistakes it brings no good.

 

[LouBega88]

You will find several groups online providing signals for some money. I always recommend traders to avoid these factors because these signals are not effective enough. The more a trader understand the market, the more it is beneficial for them.

 

[Festooned]

That’s right, experience counts a lot and with growth, after suffering losses, traders will know how to generate better results. Knowledge and skill are learned throughout the process so traders should be patient while trading and not set unrealistic expectations.

 

[colton]

Experience is the best way to gain knowledge, since it comes naturally when trading, so it just enhances our overall knowledge of the industry. That’s why it's necessary to learn from experience.

 

[YellowWitty]

Exactly. Both good and bad experiences are important as they are the key elements in learning. And with trading, you can learn from your losses and grow into a better trade.

 

[Slurry]

Good knowledge is useless without experience, but when combined with good experience, it can do wonders. Beginner traders frequently enter the market with limited knowledge, but as they gain experience, their progress as traders accelerates.

 

[SaadBinToha]

After earning experience, apply it on demo account. There is no alternative to following experts’ trading and taking lessons from there.

 

[Stannary]

A lot of people are doing well in the forex market with proper knowledge and experience. Learning about the Forex market is the first step. First start with basic theoretical knowledge and then proceed to practise in a demo account. Know that you won’t grasp everything in one take; it takes time, so be patient.

 

[Gito Dinev]

In our sub-content, traders mostly ignore night trading because several pieces of news hit the market at night, making the market a bit risky for trading.

 

[Trang01]

Exactly! Because both come together with experience, the value of knowledge increases.

 

[Eduardo Lucchese]

If you keep earning knowledge and applying on demo account accordingly, you will be experienced one day but you have to be dedicated for so.

 

[Aaron_0]

Experience complements knowledge by providing practical insights, enhancing decision-making skills, and reinforcing learning. Real-world application helps solidify theoretical understanding, fostering a more comprehensive and effective grasp of any subject, including Forex trading.