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experience will complement the knowledge we have

Discussion in 'General Trading Forum' started by rizal83, Feb 5, 2013.

  1. rizal83

    rizal83

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    maybe we are talking about forex knowledge and knowledge is indeed one of the most important things in forex trading because only with the knowledge it would be easier for us to be able to generate profits from forex trading but knowledge alone will not be enough to be able to generate good profits and we must have a lot of experience to be able to complement the knowledge we have and we can get it with practice experience with trading demo account or with frequent real trade
     
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  3. kasual

    kasual

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    by read lots of forex trading material, we will know lots of thing and could become good more if we also able to applies it in trading. even though seems difficult initially, applies knowledge into trading takes time indeed. but by lots of practice, can be sure that our skill will be improved and we success to applies knowledge into trading perfectly.
     
  4. mohsin01

    mohsin01

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    Thus a trader should only trade with small deposits during his initial days until he gets good experience in Forex market. by read lots of Forex trading material, we will know lots of thing and could become good more if we also able to applies it in trading.so we need a good experience.
     
  5. riddick09

    riddick09

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    Nah, it's up to you and differ from traders goal or trading plans. Small investments or start with small trades will depends on the trader's target profits set even before they've made their trades. So, therefore, we have done already our decision for the target profits we will have. While, our experience will definitely gain us knowledge continuously.
     
  6. nahid

    nahid Membership Revoked

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    Thus a trader should only trade with small deposits during his initial days until he gets good experience in Forex market.we have done already our decision for the target profits we will have.Consistent learning and experience helps us to excel in Forex trading.
     
  7. Nazmul01

    Nazmul01

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    Experience and knowledge both are totally different form meaning But nurture is same My personal views there is no limit Experience and knowledge.
     
  8. PROPENSITY100

    PROPENSITY100

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    Becoming a good trader is not a days work and requires time. A trader needs both theoretical learning and practical learning to become a successful trader. Experience teaches a trader the need of emotional control and the harmful effects of fear and greed. Experience highlight the weaknesses of a traders in Forex trading and helps him to overcome them.
     
  9. eddiej

    eddiej

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    experience and a knowledge will always go hand in hand. Experience will make you learn, that's just the nature of thing. The only difference is how people apply what they've learned. It's not even just in forex trading, it applies to everyday life.
     
  10. riddick09

    riddick09

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    This will go with the cycle. It's like having knowledge and will gain experience by applying our knowledge. Then, our experience will going to form or gain knowledge which in this case, improve our knowledge and better understanding on the market which again, develop new trading experiences. There will be also improvements in our trading strategies as these two keep going on.
     
  11. Markllee30

    Markllee30

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    Forex trading is easy but first forex trading required knowledge, practices and self-confidence that’s good platform where we can earn money. When we spend time in forex so we gain forex experiences that’s very necessary in forex market. Demo account is one of the best way to gain experiences during practices session.
     
  12. indieover

    indieover

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    If you have knowledge and experience then you would be able to understand how to trade better and you would have better chance of success in forex. That's why for me i would make sure that I would gain more experience also answer not just knowledge.
     
  13. sindarin

    sindarin

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    for me knowledge can be attain through many ways, but experience only trading, and with gain experience we will get better skill and understanding about forex, it will give us better skill to earn profit from each trading we do, so that is better if we try to get more experience, since with experience we get skills also knowledge.
     
  14. riddick09

    riddick09

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    We will have different knowledge. Knowledge we have acquired through reading and knowledge acquired through experience. This can't be gained at the same time because of the different process. Still, both are important as we will have first knowledge in books or resources then, the actual trading.
     
  15. Daisy

    Daisy

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    Yes, you're right we need both and some more in order to be really good at forex. But forex is not for any random person. They must have knowledge, experiences, skills, determination, and talent in order to earn well. Its a combo of many things. If yo're good but then you get too impulsive and then blow all of your trades and open way too many trades on many brokers then you're doom too. So we must be emotional disciplined as well.
     
  16. gkintl

    gkintl

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    Knowledge and experience are very much interlinked. A trader need to gain some amount of knowledge to enter into forex trading. Trading gives him experience. The trader should learn lesson from his experience. This adds to the knowledge. The refined knowledge should be applied to gain better experience. Thus, the process continues indefinitely. At each level, the trader performs better. It would automatically take a trader in the path towards financial freedom.
     
  17. Decub

    Decub

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    Yes, experience is that which we get after we must have gotten the knowledge and it is not something that come automatically. It takes time to mature and be made manifest. We learn about it as a gradual process and over time, we develop and grow it the more. One who has experience in Forex will always perform better than the person who just have the knowledge.
     
  18. hasan87

    hasan87

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    I think those who have enough knowledge, only they can get success in Forex business. It seems that Forex is very easy earning place but actually Forex business is not very easy at all. A trader should have some qualities for getting success in Forex. Knowledge is one of them and it necessary. Without having proper knowledge no one can succeed in Forex market.
     
  19. Daisy

    Daisy

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    Experience is everything when it comes to forex. As long as its coupled with knowledge the trader will gain more profit as years go by. The more years go by the more money he can make. I think its a linear trend for that theory. Just like a brain surgeon right, the more years he did surgeries the better of a surgeon he is. I think skills take time to mature. We should be patience and willing to continue to learn and refine ourselves.
     
  20. amit.neogi

    amit.neogi

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    some time we saw that some traders are going in loss and loss but still they are trade is it diffr by the traders or its confidence
     
  21. Pettyeve

    Pettyeve

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    Experience and knowledge will work together. When the trader is having the knowledge and experience, he or sh will be able to understand how to trade very well. Experience will compliment the knowledge that the trader is having about the forex trading market.