Topic: Learn from experience more - page 2. (Read 1091 times)

Reading trading guides and practicing with demo accounts increases the confidence in some traders due to the level of trade winning they get while practicing with demo accounts.
 
That greed of thinking that the profit you made while practicing with demo accounts could have been real if the trade was conducted using real money is what always drags newbie traders to fund their accounts with real money and go in all hard, forgetting that there is a need to manage risk.

Small wins is far better than losing your initial investment, it's a good principle if you are a seasonal trader, just place your position and wait till the market move to your favor, learning from each trades that you made will give you better idea and better assessment on your next attempts as we all know that there's no assurance that you'll be able to keep winning your trades, there are also times that you may lose but learning from it will be a good basis not to let yourself repeating that same mistake again.

Doing trading without having any experience from demo trading is like falling into the sea without knowing swim.However reading books couldn’t help you much on the live market. Market is tough field where it change behave every second and also every moment. So only readings books isn’t enough for beginner. I always suggest beginners to practice much and more on demo account which help him/her to get a good knowledge about live market. Still It's not enough for the beginner cause there many thing concern on lice trading. Mostly emotion, greediness, entry and exit and many more. So that reading books can yiu help you to gather few knowledge but you need to learn more and more from the live market.After having a good knowledge you may start with small amount and if you think you are perfect and consistent you may try with big amount cause the much you invest the more you can profit and even chances of loosing. So prepared first before enter on the crypto market.

Learning is something that you could really be able to get with actual engagement or dealing up into something on which this is really that giving you the idea and learnings. As part of human instinct then you do really that basically adapt on whatever the things that you would really be able to encounter along the way and made out that kind of avoiding in next time encounter or experience on which you will be able to adjust specifically on the said situation or moment that you have experienced before. As you do go forward and able to get different learnings out of those experiences then you do become even more better and better than the way you are in yesterday. You will be able to enhance yourself on which it might be more than with others experience and knowledge towards a particular thing.
In dealing up with trading then its basically something a skill that you cant be able to learn in a short period of time or something that do talks about overnight learning on which there were people who do really actually
believe that it could really be that possible and this is something that we must avoid on such behavior because this will really be that bringing out that kind of probability that you might be ending up
on being desperate on whatever the things that you might be saying.

Experience does provide a knowledge into ourselves to be able to grow much better and better understand what is wrong so that we can anticipate the same mistakes not to be repeated again, but there are some mistakes that beginners don't need to go through, and how do they know that? they learn from the experiences of others, whether written in books or told directly by people who experience it will be much better, and there if we are responsive in learning and understanding what is conveyed, of course there is no need to experience many mistakes and lose more money because of mistakes.

Indeed. Each person may have different way in learning. There is nothing wrong if you learn from trading topics in the forum, articles, or Youtube videos. As long as they are trustable sources, they deserve to be the sources for learning. Not each person can learn from mentors, sometimes we should learn ourselves. If we do self-taught learning, we need the sources. We can't directly do real trading, it will be very careless to trade with zero/lack of knowledge. At least, we get basic knowledge from trading topics, articles, or YT videos. Then, we can get advanced lesson while we do real trading.

Yep. The market condition always changes, that's why it is very important to have varied strategies in trading. Sure, we must always adapt or adjust our trading strategy because a certain strategy may not work in every market condition.

Real traders won't rely on signals or bots. They must have the ability to make a research or analysis. Signals or bots won't have a big role to determine the success in trading. For me, they are just a small part of trading matters. Knowledge, skills, and experience will have bigger role in trading.

I am not a trader who actively trades all the time. I only make trading as one way to find other income without targeting large amounts. My principle is, it is better to get a small amount with small capital to learn something that has greater benefits later.
I learn everything with all the advancements available in front of my eyes. If advancements like robots are meant to make it easier for traders, I will learn the pros and cons.

You learn better when you do the exact action because it is scientifically proven that people learn faster when they do practically than theory and it is true anything that you do with yourself will stick better than what you read when it comes to trading even if you do your research I fee that the same time you should take practical seriously because you will understand it better and mistakes will be minimal, and since there are classes that you can even register for to get more knowledge and in the process of learning they allow them to a demo account that you can do what so ever that you want with.

Using a demo account is most likely to be considered when you are doing trading you should consider that demo account because of the risk that it comes now everything is becoming easier because for some time there is no demo and you learned the hard way but now everything has been made easy for those that want to learn to trade, there are people that have lost a lot of money just because they don't have enough knowledge.

and that is why you must be ready to learn so as not to fall victim to fake signals and scams people are always looking for a way out they don't want to study the chart so they will feel comfortable paying people for the chart and the majority are scams.

When you look dip into trading, most of the guide and lessons you will have are forex experience written books. If you search Udemy right now about trading, the result you are probably going to see is going to be 8 forex training and 2 crypto trading and that's because with explanation, they are very relatable but experience, forex market is different from crypto market and you wouldn't be able to know this until you have master the art of trading crypto.

Trading is a general thing but understanding crypto market is another thing to use to survive the market. You will only learn this on your own. The way the Bitcoin price went as high as $73k if it's was to be forex market, if will stay there for while before it will correct but it didn't and went down to as low as $68k, that was because of the Volatility, such doest happened in forex frequently unless it's a market that's not saturated with much investors.

Learning how to adapt to different situations is very important in trading.
You can make a great strat, but it may need some adjustments in the process.
And if a person only worked with bots/signals, she wouldn't be able to do it.

Indeed, with manual knowledge you'll be able to adjust if needed there's always a good way to learn especially if you are taking each sessions that you take as learning process, it will give you good grasp of what particular adjustments that you need when taking your next call, it's something that only you who can really dictate, with patience and careful analysis chances to keep those positive results may take place.

Even the best of the best continue to learn every day and not just from the market but also from the sources that they have.

They're combining strategies after strategies and they're not solely reliant to charts but also to their surroundings on how things are doing.

For example, the news and current events. The fundamentals that are being developed and reported through the media.

Although it is true that people in general learn faster and more effectively by doing something rather than just reading about it, any person that is thinking about becoming a trader or an investor cannot really afford to take this path, and the reason for this is that it is very expensive, so an aspiring trader needs to spend as much time as possible reading books and fine tuning their strategy, this way whenever they finally decide to trade for real, the number of their mistakes will be significantly lowered.

Perfect? Sheesh, that's crazy. We must remember that there is nothing perfect in this world. So what we are experiencing there is only just a false thinking and we must snap out of it as soon as possible before it gets us because I know a lot of newbies have fall into it already and all they get is more losses. Confidence on the other hand is a good thing but we need to distinguish a real confidence from a fake one.

Experience only comes when we initiate things. As for the lesson, even if we lose we still can say that it was a good lesson and it's up to us if we will improve ourselves and continue again or stop to not incur more losses.

It's like a way to find a trade with what strategy is suitable to use, so it will find the right type and trading habits,
it is difficult to find the right rhythm so that you can master the trade.

Apply all skills, knowledge of trading, technical and fundamental analysis, and most importantly how to manage trading emotions and trade management.

It will not be easy when one makes a real trade, because not all plans that one wants to carry out go well.
There will be some obstacles and failures, the more trades are made, the more you will understand how trading works.

That would be a good start, because without first-hand experience will not result in any trading knowledge, everything requires a process

The practice is right in my opinion regarding the use of this technology. As time goes by, we will be increasingly faced with the sophistication of technology that continues to develop. If we can't use it, it will make us continue to lag behind. Meanwhile, we must also be able to adapt to progress accompanied by manual knowledge. What is meant by robots is proof that we have been facilitated in trading, but it will be complete if we can do it with manual knowledge without robots.

There are different kinds of people's ways to learn others can easily gets the topic and discussion even though they are just reading articles and others really learn from their experience but of course its different if there's some basic knowledge you've gain so you don't be a zero once you enter in trading, I recommend if you know someone already how to trade is at least guidance to them now if there's no one and its all about being a self study you need to apply all of your learnings yet to a paper trade find a suitable trading habit which is suits into you to avoid getting overwhelmed with the contents of trading. Now once you feel confident that's the time you will apply all those skills you've got into a real trading.

Yes, actually I don't really study by myself and make everything up by myself, I just read and see articles or videos that have been made by others for a learning.

This is knowledge that can be obtained for free and is just not taught directly by people who are already experts.

Starting to develop knowledge and practicing what you have learned will further hone the knowledge for the better.
Experimenting on your own to find a new formula or a new way that is more efficient than what you have learned, this is a good development.

I do agree that people should be using whatever they need and can get better results, we are not trading because we just want a hobby, there is a money result in the end and if it's helping them then they should use it. They should be careful though, some of them are not that great and could cause them to lose money as well, so they need to pick their helpers carefully.

Experience is great, think of yourself like machine learning, the more you do it, the better results you will get eventually, and that will decide on how you will move forward. Most people fail to see that, and because of this we end up with people who just get help from other stuff and never really learn how to pick themselves, doesn't make sense to me at all.

When they can learn from every experience they get, that can give them more wisdom to use their funds to trade. They can manage their funds better and know many things about trading. They will gets more experience by practicing their lesson and know how to fix the mistake. Becoming a pro trader will not easier but if they want to learn more, they will have that chance. The thing is not many people are willing to do that and only rely on other people to trade.

By learning everyday, he will know how the market moves and how to react with the current situation. They needs to add more knowledge about trading so they can use it in trading. They can not just predict where the market will moves but they need to analyze many things before decide.

When a trader can feels that he needs to learn more, he will not feels that he is a pro trader. He will want to improve his skills because that is something that will helps him to trade better.

We don't have to brag our skills and show to many people but keep it to ourselves. Sometimes that can makes our life calm and we can trade without any disturbing from other people. We can trade anytime we want and analyzes the market with our skills.