It's definitely different to experience trading firsthand than reading about it in books or other articles... The theory may be the same but when practiced it will be different then the direct experience will be felt by traders and how they can distinguish with their own patterns.
Reading articles and books is good, there is nothing wrong with this, but it would be better if you experience the experience yourself, I am sure of the many traders who are professionals they learn from their own experiences to improve their abilities over time.
Topic: Learn from experience more - page 5. (Read 749 times)
The lesson we learn from trading experience and articles we read are quite different, though the lesson from both are very important in trading but the mistakes of some beginners, they get much confidence in trading after learning only from books.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.
It's not frequent with everyone in my view, according to my observations most of the greedy beginners lose their wicket on their first ball, they run before the signals and premium groups and their first mistake ends their trading journey most of the time, Trading is not a T20I match you can play in that format as well but the start should be with the test match strategy wait and hit.
After a good experience, you can move on to different other formats of trading but the first one should be strictly focused on risk management and portfolio saving, save the capital amount first and there you go.
I do not believe that their is any one perfect method one can use to understand trading very well without incurring losses. Infact, i believe that we do not need to wait till we make mistakes before we can learn from our own experience, some mistakes can be very costly. Anyone going into trading for the first time should acquaint him or herself with the neccessary tools and knowledge he/ she needs to trade effectively. Going into trading with poor knowledge, hoping to learn later through experience might not turn out fine. If along the line new ideas come up or some losses are incurred due to our own faults, it should be an opportunity to invest more in understanding why the trades didn't end well. A good trader learns from every source as long as it directly or indirectly affects his trades.
There is no better teaching other than learning things on our own by making mistakes and learning not to repeat and also you can learn from other people's mistakes which saves you times and money but as long as what's working for an individual it is okay for them to pursue the journey in that way. Trading is simple but not easy and anyone who understand that can sustain here for longer.
There are so many ways to learn and one of them is from experience. And experience is also believed to be an effective way to learn, because we feel the situation directly and it will make us understand more about what we have to do.We must do everything, that's the best. Either from our own experience, reading books, learning from other people's experiences and others. We must be able to continue learning wherever and whenever, from anything and from anyone. That is also why we are also advised to share experiences with others, because maybe other people have different experiences and that can be a lesson for us.
There is no better teaching other than learning things on our own by making mistakes and learning not to repeat and also you can learn from other people's mistakes which saves you times and money but as long as what's working for an individual it is okay for them to pursue the journey in that way. Trading is simple but not easy and anyone who understand that can sustain here for longer.
There are so many ways to learn and one of them is from experience. And experience is also believed to be an effective way to learn, because we feel the situation directly and it will make us understand more about what we have to do.We must do everything, that's the best. Either from our own experience, reading books, learning from other people's experiences and others. We must be able to continue learning wherever and whenever, from anything and from anyone. That is also why we are also advised to share experiences with others, because maybe other people have different experiences and that can be a lesson for us.
Books can never and will never be better than reality. No matter how much you read books and think you are a wise person, if you don't have practical experience, that knowledge will remain incomplete. Learning from an experienced person and self effort is enough to gain knowledge. But if you acquire knowledge from an experienced person after acquiring general knowledge from books and apply that knowledge in practice. Your knowledge will be effective if you learn from mistakes and don't repeat them. Remember that both learning and teaching increase one's knowledge
The lesson we learn from trading experience and articles we read are quite different, though the lesson from both are very important in trading but the mistakes of some beginners, they get much confidence in trading after learning only from books.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.
Learning trading on your own allows you to quickly understand things clearly, but it takes a lot of time. It's true that with this time, you will gain experience, but your experience does not always determine your profitability. Even purchasing a course is not very important because most of the strategies we use are quite similar. The most important thing is to follow someone who is already profitable. You should also do a lot of backtesting.
You are right and not all guides, books and articles are true most of them are created by fake traders that just learn from other traders too with no actual trading experience.
However, it is a foundation to learn the basics and you are the ones who will optimize the strategy you learn from them that is why it's always recommended to apply the knowledge you learn first on a trading simulator or paper money to build an experience if you want to speed up the development of the skills you learn you can do backtesting like other said always do backtesting first before you enter into live trading.
However, it is a foundation to learn the basics and you are the ones who will optimize the strategy you learn from them that is why it's always recommended to apply the knowledge you learn first on a trading simulator or paper money to build an experience if you want to speed up the development of the skills you learn you can do backtesting like other said always do backtesting first before you enter into live trading.
The lesson we learn from trading experience and articles we read are quite different, though the lesson from both are very important in trading but the mistakes of some beginners, they get much confidence in trading after learning only from books.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.
A trader deserves a lot of knowledge and experience that any one who is ready to trade most learn very well in order to gain and enjoy the trading, especially the beginners that are introduced themselves into the trading without proper knowledge, and that's why most lose when they trade without any profits. Trading is all about doing research every moment, because the more you learn about the trade, that is how you will know how to take the risks that are involved.Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.
People's said that learning is a continuous sentence and that is the fact, because if a person wants to be proud of what it has learned so far that it will not seek for any knowledge again or share his memory with anyone, this one that it has learned so far will not take him to any where that is why is good to be on research just to refresh the memory, and with that we can gain a lot of the profits with less loss.
There is no better teaching other than learning things on our own by making mistakes and learning not to repeat and also you can learn from other people's mistakes which saves you times and money but as long as what's working for an individual it is okay for them to pursue the journey in that way. Trading is simple but not easy and anyone who understand that can sustain here for longer.
The lesson we learn from trading experience and articles we read are quite different, though the lesson from both are very important in trading but the mistakes of some beginners, they get much confidence in trading after learning only from books.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.
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