Forex Trading Experience

[benny1234]

Had started a micro account with fxcm, nearly crashed the account after 8 months. similar problem like over trade, no stop lost, fear and greed that kills the account. hopefully can reflect on it and learn from it.

Thanks

[Amna Joseph]

Originally Posted by benny1234

Had started a micro account with fxcm, nearly crashed the account after 8 months. similar problem like over trade, no stop lost, fear and greed that kills the account. hopefully can reflect on it and learn from it.

Thanks

This is incredible. Forex is a market where you need to have experience, control on emotions and knowledge. Mere dreaming can lead you nowhere. I like the ememies of forex trading you highlighted here.

[Forexcube]

Originally Posted by FXexpert

Hey everyone,

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!

Hello FXexpert

I trade forex over 7 years now. I know over 70 strategies and trade 3-5 systems of it. I have read over 300 books and articles about forex. I trade 4 days a week in front of two monitors. Experience make me more critical about my own trading decisions and is extremely helpful since three years.

Kindest regards
Fx Cube

[markcrisp]

After reading for a couple of hours I decided to become a member of this forum too. Great and effective learning forum so far

[graceheather]

Forex trading is gaining its momentum very fast.

Sadly to say, many people think forex is get-rich-quick thingy... and most come in with a "playing" or "gambling" mindset. Business mindset it not there.

I am in forex for 2 years. I find that MINDSET of a person is more important. You should have the RIGHT MINDSET...

Some business books are important for beginner... such as Donald trump - Think Big & Kick Ass, Think & Grow Rich & also some NLP stuff...

[anna575]

Wow, This is incredible post. I am also in forex for 3 years. You can make money to know this experience. Very informative..

[ortan]

There are several ways to learn Forex trading. Some traders visit their local bookstore and ask for a good Forex book, some traders apply for Forex Courses. Many traders look for websites which offer free forms of training covering all the basics. While a lot of traders learn the dynamics of the forex market in one of several ways. Learning to trade in the forex market can be a rewarding experience. In fact, most of traders go live way too soon and lose their money because they always skip the necessary steps. A demo account is the perfect place to try your trading strategies. It is also one of the best ways to gain Forex trading experience. The Forex demo account does not contain real money but virtual money typically up to $100,000 in play cash. Forex brokers always provide a Forex demo account or Forex practice account to their potential clients.

[wgheng]

The single most important thing in forex trading is money management. It is the principles that will help you make money and keep it.

Heng

[marshal]

to my mind, many people nowadays try to know more about trading on Forex. The experience in trading play a vital role, I can tell this relying on my first experience that ended not very successful. When I began to trade I thought that the more money you invest the better, but now I think that we should invest the sum of money we are not scared to risk for losses. Loss is the result of my first experience. But I am a trader nowadays and still in a process of studying many things and strategies in Forex.

[civilsayed]

any work need to experience,you learn basics of any work but that is not sufficient for you to can success this work and you aquire experience with time and by successful people in this work.
apply this in forex trading then you need firstly learn fundamentals and secondly consult successful trader and finally follow forex news
i think this is good way for successful
thanks for all