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Experience or Education?

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

  1. pashaev

    pashaev Private

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    From my own experience I can say that you are absolutely right :)
     
  2. Waldai

    Waldai Recruit

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    In the beginning education is extremely important. After that comes as much practice as possible, simply because books cannot give you all lessons from real life situations
     
  3. Morning1234

    Morning1234 Private, 1st Class

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    You must learn a programming language and test your strategies programmatically. If you are going to write trading robots, you do not need discipline.
     
  4. Gateluri

    Gateluri Recruit

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    If you are systematic trader programming is maindatory for you to help your life easier when automate backtrade by the way manual backtest can be one of your choice but take longer period time. If you are not, you can test it by manual backtest.
     
  5. Richard Persa

    Richard Persa Recruit

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    But, trader should learning every day, try to expand knowladge. The world is changing every day, the market is developing right now, thus, trader should be able to learn and adjust every time when market changes.
     
  6. TrapLok

    TrapLok Recruit

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    You just can't rely on a single quality to be successful. It has to be the mixture of both of them. But I have to say that there is more importance to experience than education. Experience will help you when time gets tougher. What do you think guys?
     
  7. Notati

    Notati Recruit

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    I fully agree with you TrapLok.Very nicely said.As an experienced trader with couple of years in Forex, need to say that experience is most important thing when market is not going in your favour. Swift reaction is necessary, but only if you have enough experience you can make good choice of action
     
  8. Aaron Dias

    Aaron Dias Recruit

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    I also give importance to experience becuuse education is not worthy without experience. This is experience that tells you right way to face market at right time. No one can be skilled just with knowledge until he is not experienced by doing much practice on trading. We cannot say education is less important, education give you a base at which you start a building of your business.
     
    7Bulletin likes this.
  9. Etedus12

    Etedus12 Corporal

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    Success in Forex is dependenton many things. First, you must acquire the knowledge and skills by studying and doing your research extensively. After knowing everything there is to know about forex, you then have to practise and perfect your skills. It needs patience
     
  10. 7Bulletin

    7Bulletin Private, 1st Class

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    Education and experience are both very important when considering success in forex trading, and one must be dedicated. You can not succeed if you do not know the basics. There are things like choice of broker, currency pairs, strategy development, need experience for one to achievection
     

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