That's quite a nice suggestion you have there. But it doesn't work in Forex Trading, if you ask the same to some jealous traders or the one which don't give a damn. A highway instruction should be only take from the one who has passed and who really cares about us, else he would lead us straight away to trouble.We can learn from any others mistake indeed, like as we want to passed certain highway and we ask some question with people that already passed these highway hence at least we already get clue how safe to ride on these way
It is good to accept your mistake and very good to learn from mistakes.. I make mistakes seldom while trading as I practice on demo trading account first and then from my dmat trading account
Yeah..! With each failure you earn something which is more valuable than profit and it is experience and this experience will help you a lot to earn more and more profit.If you trade Forex long enough, you'll make mistakes. But if you learn from them, you'll be a better trader. That's why failure is called fertilizer, it makes you grow once you've learned from it. But the main thing is never quit. Winners never quit. And quitters never win.
There is not a single forex trader who did not make mistakes during their trading career especially in the beginning of trading. Most of the beginners will fail to learn from their mistakes except a small percentage of traders who will make the mistakes and learn from them. This is what will separate successful traders from failures.
so many busts its hard to forget. but the biggest learning experience i have had. live and learn more on and try again.There is not a single forex trader who did not make mistakes during their trading career especially in the beginning of trading. Most of the beginners will fail to learn from their mistakes except a small percentage of traders who will make the mistakes and learn from them. This is what will separate successful traders from failures.
That's right. Money is at stake and so there's little scope to repeat the same mistakes in forex. One should rather take them as lessons and try to improve one's strategies for future trading.Definitely yes, its a social moto that we should learn from our mistakes and try not to repeat them again, same goes in forex every trader will not want to make the same mistake, as for me i learn from them and never repeat it in forex, cause its my money that is on the line why would i repeat the same mistake.