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What do you learn?

  • #21
  • May 31, 2019 10:44am May 31, 2019 10:44am
Quoting mlawson71
{quote} I have always wondered too, actually.
I guess, it’s intentional; because I see transparent brokers are ensuring trading service without technical error; while market maker brokers are different!
  • #22
  • May 31, 2019 11:44am May 31, 2019 11:44am
Quoting GeorgeBaile
{quote} I guess, it’s intentional; because I see transparent brokers are ensuring trading service without technical error; while market maker brokers are different!
True. Either way, if there is such disparity it's best to change the broker.
  • #23
  • Jun 1, 2019 4:59am Jun 1, 2019 4:59am
Many traders experience losses every day, I guess it's just a normal practice
  • #24
  • Jun 1, 2019 10:54am Jun 1, 2019 10:54am
Quoting LanaBanana
Many traders experience losses every day, I guess it's just a normal practice
Yes it is! But we need to build up a positive practice I mean, learning from our own trading mistake! There is nothing like shortcut way of learning in Forex!
  • #25
  • Jun 2, 2019 7:16am Jun 2, 2019 7:16am
Quoting mlawson71
That's the ideal situation, but usually that's not the case. Live accounts often have slower server connection, there's requoting, etc.
Never found that kind of difference.
  • #26
  • Jun 2, 2019 12:08pm Jun 2, 2019 12:08pm
Quoting momo3HC
{quote} Never found that kind of difference.
I have, in the past. It was a very unpleasant surprise when it happened because I was so pleased with the demo account performance I was not expecting the issues I encountered with the live account.
  • #27
  • Jun 7, 2019 3:59am Jun 7, 2019 3:59am
Quoting mlawson71
{quote} I have, in the past. It was a very unpleasant surprise when it happened because I was so pleased with the demo account performance I was not expecting the issues I encountered with the live account.
And what have you done then?
  • #28
  • Jun 7, 2019 1:00pm Jun 7, 2019 1:00pm
Quoting momo3HC
{quote} And what have you done then?
I switched brokers and found one who didn't have such a difference between the two.
  • #29
  • Jun 7, 2019 1:48pm Jun 7, 2019 1:48pm
You learn trading first. Then you lose some money when you start trading. After having some experience you start earning money. That happens to everybody.
  • #30
  • Jun 30, 2019 12:36pm Jun 30, 2019 12:36pm
Please make it sticky, for sure you learn from failure. But you really need to select something like that in your life. There is even such thing as for example newbie luck, you will and may experience that a lot in your newbie demo accounts for everything that matters. Just one thing that you really shouldn't have a lot of them, otherwise you will simply give up and that's a bad thing here completely so be sure to not broke anything really. Don't overdo this stuff or you will regret.
  • #31
  • Jul 1, 2019 2:29am Jul 1, 2019 2:29am
Quoting Eredribaen
Please make it sticky, for sure you learn from failure. But you really need to select something like that in your life. There is even such thing as for example newbie luck, you will and may experience that a lot in your newbie demo accounts for everything that matters. Just one thing that you really shouldn't have a lot of them, otherwise you will simply give up and that's a bad thing here completely so be sure to not broke anything really. Don't overdo this stuff or you will regret.
In addition, you may noticed only knowledgeable traders are lucky! That’s the point; if we want to make our luck here; need to make sure our own trading skill first!
  • #32
  • Jul 1, 2019 9:16pm Jul 1, 2019 9:16pm
The market unpredictable, we can not guess any single move until we experience the real market many times. Being a trader is hard to do.
  • #33
  • Jul 2, 2019 11:08am Jul 2, 2019 11:08am
Quoting Butterscotch
The market unpredictable, we can not guess any single move until we experience the real market many times. Being a trader is hard to do.
Well, it is indeed partially predictable if you have good analysis skills, but those take time and effort to acquire.
  • #34
  • Jul 7, 2019 9:13pm Jul 7, 2019 9:13pm
For good analysis and knowledge, we must have learned well with the market. Learning is endless process in Forex which never ends.
  • #35
  • Jul 9, 2019 11:24am Jul 9, 2019 11:24am
Quoting Butterscotch
For good analysis and knowledge, we must have learned well with the market. Learning is endless process in Forex which never ends.
True, one must learn something new every day or their skills will stagnate.
  • #36
  • Jul 12, 2019 8:45am Jul 12, 2019 8:45am
Quoting HajiMohsin
not agree with you, when we start trading , no way to learn all inevitable parts of trading, because learning is a process which is related with long term process and there is no short cut way of learning , should patience first of all if anyone want to be a knowledgeably trader by learning.
That's a good point...you certainly wont give your new lad learning to drive a $1million car to start driving lessons with, not even Warren buffet will do that lol.
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  • #37
  • Jul 12, 2019 12:48pm Jul 12, 2019 12:48pm
One, sadly, only needs to google "idiots in cars" to find out that is not entirely true.
  • #38
  • Jul 30, 2019 10:21am Jul 30, 2019 10:21am
Quoting mlawson71
{quote} True, one must learn something new every day or their skills will stagnate.
That’s the procedure that we need to follow all! In this case; learning from own trading mistake is the best practice!
  • #39
  • Jul 30, 2019 12:04pm Jul 30, 2019 12:04pm
Quoting Adelhard
{quote} That’s the procedure that we need to follow all! In this case; learning from own trading mistake is the best practice!
I agree. Learn from other people's mistakes too, not just your own though.
  • #40
  • Jul 31, 2019 5:21am Jul 31, 2019 5:21am
Quoting mlawson71
{quote} I agree. Learn from other people's mistakes too, not just your own though.
Yes, and the mistakes are very common like over-trading; over-lots; so many trading pairs etc! So; following this type of thread is also useful!
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