Learning from past mistakes is a way to gain experience

[selena1]

Learning is considered very important and necessary, and every trader should be interested in learning and acquiring more knowledge in this field because every day there are new developments in the financial markets that require traders to develop themselves and their knowledge in this field. From my point of view, the best way for a trader to learn and acquire sufficient experience is to learn from previous mistakes made by the trader and to identify the main causes that led to these mistakes. This way, the trader starts to understand the important reasons and successful methods in this field, and positive experiences are accumulated, leading to a series of experiences for the trader, resulting in a global experience within the markets.

There is no doubt that the novice trader in the forex market is afraid to risk his money in a field that is still mysterious to him, so this matter remains an obstacle on his way to entering the world of trading. It allows the trader to conclude deals and engage in trading and speculation operations as if the matter is real so that he can learn and gain experience without actually losing anything. Thus, the demo account has become necessary in the forex market and is no less important than the real account. Advantages of the demo account The demo account helps to understand the market and deal with Trades without fear, so it is a golden opportunity for learning where the trader can develop his strategies and always stay informed of investment-related news and have the opportunity to use a number of tools such as analysis of reports, pattern tables, etc., and then increase the chances of achieving profits in the long and short term

 

[Suba]

Mistakes will always occur, especially for novice forex traders, so we have to learn from them so we don't get stuck in the same mistakes. In the forex market, mistakes will result in losses, and we must learn from the losses we encounter. So that our knowledge will increase by practicing continuously to make a profit on the next trade.

So we must always improve our strategy and analytical skills, and always evaluate so that we can become successful traders, so it is advisable to always keep a journal. Even though in fact many forex traders are bored of keeping journals. But after knowing the benefits of the journal.