Forex Trading Experience

[sharabela]

Hey everyone,

I'm sure there are varying levels of experience here when it comes to trading. Some of us have been trading for years, while others are just starting out, I'd like to get everyone's take on how long they have been trading & how they think experience helps traders(if at all).

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!

I have been trading for 10+ years. I am still not a full time trader though. I trade part time and I am happy with the return. I do not take much risk. I do not have that much investment either. However, I have a plan to be a full time trader once I get very consistent.

 

[Resolve]

I have been trading for 10+ years. I am still not a full time trader though. I trade part time and I am happy with the return. I do not take much risk. I do not have that much investment either. However, I have a plan to be a full time trader once I get very consistent.

I have also completed 10 years of trading in the forex markets as a part time trader

 

[Fried_Rice]

Good to see you guys have stuck with it. I am only around 4 years in part time so far.

 

[BritneyHolden]

It’s been around 3 years since I started to trade forex. The most important lesson I learnt was never to try to rush things. Your strategies take time to show results and you better stick to them until you have tried every possibility in the market.

 

[alzheimer]

I have also completed 10 years of trading in the forex markets as a part time trader

I wonder what are your results as part time trader? I thought profitable trading requires dedication and being full-time in it.

 

[Leigh Clarke]

I started off as a forex trader when covid started. I didn’t understand a thing when I was a beginner. I even thought that all that I read about forex was a lie. But now that I have started making money, I have realised that my patience and disciplined approach helped me stay in the market for so long.

 

[Leonzio Necci]

You need experience to trade and you need to trade to gain experience. There’s no way out. It’s up to you to decide what you can do to survive in the market.

 

[Flophouse]

Understanding the complex nature of the forex market is very important for a trader seeking long term success. It takes time, experience and with every trade made, traders learn.

 

[Glossy]

My advice from personal experience:
Use stop loss.

 

[alzheimer]

My advice from personal experience:
Use stop loss.

You can ignore this feature if you trade without leverage, stop loss isn't efficient for long-term, swing trades.

 

[Lee-me]

I have been trading for a few years now, and I believe knowledge is more important than experience here. I don't think someone with zero knowledge is better at trading in comparison to someone who is well educated on and around the market. My point is that knowledge is what will give you the basis you need to start working, and without it, going into trading in the hopes of just gaining experience and going from there can be a painful process. Though as you move forward, the role experience starts to become much more significant if you learn from your past.

 

[CallahanSinclair]

Hey everyone,

I'm sure there are varying levels of experience here when it comes to trading. Some of us have been trading for years, while others are just starting out, I'd like to get everyone's take on how long they have been trading & how they think experience helps traders(if at all).

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!

Experience is super important in everything, and sometimes we might have to pay a lot to get it, but without it, we can't learn and become experts. In trading it matters a lot because it teaches you how to make better choices and handle risks by learning from what's happened before.

 

[Phill88]

Absolutely, experience is vital across all endeavors

 

[CallahanSinclair]

Experience is a hard teacher because it gives the test first, the lesson afterward.

 

[Antho]

Hey everyone,

I'm sure there are varying levels of experience here when it comes to trading. Some of us have been trading for years, while others are just starting out, I'd like to get everyone's take on how long they have been trading & how they think experience helps traders(if at all).

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!

Trading experience really counts because it actually teaches us how to manage risks and get a good read on market trends. As we trade more, we start picking up on patterns and learning from our mistakes, which helps us make smarter moves. So, basically, every trade is a lesson that makes us a bit better at navigating the ups and downs of the market.

 

[Phill88]

”Experience is the name everyone gives to their mistakes.” — Oscar Wilde

 

[Antho]

”Experience is the name everyone gives to their mistakes.” — Oscar Wilde

such a deep quote

 

[fargana]

”Experience is the name everyone gives to their mistakes.” — Oscar Wilde

This quote highlights that experience often comes from learning through mistakes, which is particularly true in trading. In the trading world, mistakes and losses provide valuable lessons that help refine strategies and improve decision-making. Embracing these experiences and learning from them is crucial for developing as a trader

 

[CalvinT09]

It’s great to see so many different experiences here! From my trading journey, I've seen that experience is so so important. With each trade, my emotional decision-making has really improved, and that only comes from facing real market conditions. I also saw how market psychology is important. We must study about the market to master it!