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Experience or Education?

Discussion in 'General Forex Talk' started by exbryan, Jun 3, 2013.

  1. exbryan

    exbryan Recruit

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    To be a good trader, one must have an experience however, you must learn about forex. Thus, basic education is needed. Please share your opinions.
     
  2. itkraze

    itkraze Private, 1st Class

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    Both are very important in order to become a good trader in long run. You cannot just start after learning and without experience in forex market and start making money. First you need proper education and then you need experience to back up your winning trades.
     
  3. Pharaoh

    Pharaoh Colonel

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    Start with education. Then your initial experiences might prove to be less painful to your wallet. :D
     
  4. Whitesnake

    Whitesnake Corporal

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    Education is very much important to get started and the experience starts from this level. Both goes hand in hand for the traders so do not ill treat either of them.
     
  5. willforex

    willforex Corporal

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    Education comes first.

    After you get the education you can start practicing. Then slowly you can move to the real task. With the time and different scenarios you are getting experience.

    This is a common thing for most of the tasks
     
  6. Whitesnake

    Whitesnake Corporal

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    True, education is the most critical aspect in the forex trading business and that is the main reason why traders should gain more knowledge before entering into any trades in the forex market to make money.
     
  7. DitterPD

    DitterPD Private, 1st Class

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    But shouldn't we combine it? Learn and apply, learn and apply and shrug off unprofitable/harmful knowledge?
     
  8. Pharaoh

    Pharaoh Colonel

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    You need to learn at least a little before jumping in for experience.

    Once you have a little knowledge, then start getting some experience via demo accounts.
     
  9. Red Herring

    Red Herring Corporal

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    Without learning a minimum, I was unable to understand the terms used by other members and gaining experience with the trading strategies requires education first...
     
  10. alanrox

    alanrox Corporal

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    Education is also a some form of experience.
     

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