Forex Trading Experience

[FXexpert]

Hey everyone,

I'm sure there are varying levels of experience here when it comes to trading. Some of us have been trading for years, while others are just starting out, I'd like to get everyone's take on how long they have been trading & how they think experience helps traders(if at all).

So here's the question, how long have you been trading Forex & what role do you think experience plays in trading?

Thanks in advance for your response!

[mikey109021]

I think more and more people are starting to learn about forex through word of mouth. And people are starting to become more techical perspective savvy, so that could also be the cause for the rise in popularity.

There’s definitely increasing demand especially with the recession global market, people want a side income and this may be a good way for people to make a little extra cash and hopefully not risk too much.

[FXexpert]

I agree, Forex trading is becoming much more popular.

[Pinalli]

Here are my considerations for a successful forex trading system.

1. A great forex trading system is always likely to be simple in context. There will be fewer rules to follow and you will find it easy to handle.

2. A successful forex trading system cuts down losses as quickly as possible. This is important. The system should prevent you from making further losses. So getting you out of a trade the moment it turns bad is very important.

3. A successful forex trading system follows long term trends. It doesn’t help if you are making small profits. A system that will help you focus on long term trends will naturally help you to make greater profits.

[fxp]

The best way to learn to trade is by far from a trading course, of a REAL trader. Find a consistent trader and convince him to pass you his knowledge. I have been to a course like that and I am 100% sure I would have never earned this knowledge otherwise.

[Pinalli]

There are times when there simply is not a trade to be made. And even if we need the money, we might lose more than we could make if we do not find the strength to restrain ourselves and our thoughts.

[mickbali123]

Thanks to this site which help in forex trading. It also increase the experience in trading..

[wantrader82]

i also hope to gain more experience in trading using this forum.thank for sharing.

[Pinalli]

Definitely this is a wonderful forum with enormous information. Therefore just keep learning and posting things that are new in forex trading which can help all.

[black]

sometimes, u cant drill a theory in U without experiencing it.. i mean sometimes ya. take for eg. money management, many new traders (like me) tend to use high lot to profit fast or "take revenge" and ended up more like gambling than trading. so i think without experiencing such pains it is very hard to learn for some forex lesson.

Black
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