what is matters most in trading forex experience or skills?

[budado]

I think experience comes by time, so we don't have anything to improve it except continue trading, and by time we will find the improvement in front of our eyes in the mechanism we read the chart and its signals to us, while skills come from much learning and reading every new information which may help us.

Yeah. But sometimes no matter how much books we read and if we don't use or learn from it we will never going to develop that particular skills. Perfect example is schooling. For elementary until college. How many subject do we take that right now we don't use and we can't even remember? The only one that until now we can use and never forget to use is to write .Simply because we practice it all the time. Its the same in forex also.

[senger]

In order to gain experience and skills in a Forex trader you have to be successful and achieve profit and the rate of loss of profit a few

[sujesh]

I think to become a good traders

you need to have a good experience.When you have the

knowledge, you can start to learn the skills. When you started have the skills, you will soon started to gain the experienced that are needed to become a successful forex trader.and i don't think that we should only learn from experience. we can't start trading if we don't have basic knowledge at least in forex.

[budado]

I think to become a good traders

you need to have a good experience.When you have the

knowledge, you can start to learn the skills. When you started have the skills, you will soon started to gain the experienced that are needed to become a successful forex trader.and i don't think that we should only learn from experience. we can't start trading if we don't have basic knowledge at least in forex.

Actually its the other way around. First how can you get experience if you don't have knowledge and skills? So its always knowledge first, then skills then experience. For example billiard game 9 balls. You need to know the rules first of 9 balls before you can play the game. So when you learn how to play 9 balls you gain knowledge. Now since you know the rules its time to play. that where you develop your skills. by practicing. Now every time you play and practice you gain experience. So that's how its works.

[sujesh]

i think both is important.we can't start trading if we don't have basic knowledge at least in forex.When you started have the skills, you will soon started to gain the experienced that are needed to

become a successful forex trader.Its always skills. lets face it. No matter how many years you trade you will still loss money if you don't have skills.The only experience you will receive is losing money every time you trade. Skills is what you need most.

[monyitomon]

Both is important and really matters. A trader won't have a skills when he has no experiences. But rather we can develop a skills through the experiences. Without experiece we will never be a skilled trader!

[riddick09]

Same here they are typically both needed in forex trading. Since when we can have skills if we dont have experience and what we will have if we gain experience. They are sort of stages wherein the first we go through is experience then we go on skills.

[pinoycity]

It is connected to each other - skills and experience. But it does not mean that when you are already experienced, you are already skilled. But you can be both experienced and skilled at the same time.

[monyitomon]

Both is connected because when you are experienced trader then you were also skilled you can't be a skilled without experiences so both is connected and really matter equally.

[pinoycity]

Will it be possible to be skilled in forex even if you have not much experience from it? Maybe, but this will be a very seldom case. Maybe, this person is really intelligent.

[monyitomon]

Well, that may be rare! Skill + Knowlege = Experience. Because Experience is the accumulation of Knowledge and Skills. How could that person will have an experiece when he didn't have the knowledge and skills. What matter most here is the EXPERIENCE when you have exprience which means you also have the knowledge and skills.

[pinoycity]

Sorry for disagreeing but, I am afraid, you cannot get experience from skills or knowledge. Maybe, it can be said that Skills is equal to Experience plus Knowledge.

[monyitomon]

Experience is what we get in the end! anyway, it will be more better if you all have these factor! As it is all important! It's something that we could get if we will learn the hard way. Skills and Experience are very important!

[pinoycity]

Indeed, the two are very important. Actually, not only in forex but in every aspect in life, you need Skills and Experience to be able to discern all the happenings in your life and act accordingly.

[Tariq777]

Both are equally important and its not possible to choose a single one of out them, only skill won't help you make money in this market... Experience is equally important

[pinoycity]

But it is not always assured hat you will get skills if you will get the experience. To some of us, Forex may not really be the way for them to earn online. It may be their passion that even after getting years of Experience, they will still not have the Skills.

[riddick09]

I think everybody do have their skills in forex. Although most of the times that their skills not work. Either they have naked trading or with using of the indicators will have their skills of using it. I dont think that one even beginners will not try to use their skill.

[monyitomon]

Strategy will work in trading, if you have a good strategy more likely that you'll make profit. What must be applied in Forex is that, you have to make a thorough analysis before investing some traders don't even bother to and that would lead to losses.

[pinoycity]

I think everybody do have their skills in forex. Although most of the times that their skills not work. Either they have naked trading or with using of the indicators will have their skills of using it. I dont think that one even beginners will not try to use their skill.

 

This just goes to show that things in Forex trading is very unpredictable that even if you have the Skills, it is not enough for you to win trades in it.

[ermaniso2011]

skills come with experiances it is like asking water is more important or food.well ofcourse one of them will be more important for each person,but the reality is no body can have trading skills without having experiances so maybe we can say that first is experiance and then skills will follow it.

[pinoycity]

Indeed, Skills can be had through lots of Experience. But to those traders who does not really have what it takes to become a successful trader, no matter how long their Experiences are, no Skills will come out.

[monyitomon]

Well, whatever should come first! I would like to have it all to become a successful trader.. because it's all important the knowledge, skills, experience, etc,. It's all matter!

[pinoycity]

But there are people who are new to Forex but do have that analytical skills that when time is spent looking at the charts and analyzing the movements of the lines, they can create a good strategy that will teach them when to enter and exit a trade. But surely, this will seldom happen.

[luke1]

Experience and skills are really important on Forex Trading here. But, the skill we can get by the experience, keep trading and learning on Demo Account etc. So, we know every different situation on the market there.

[pinoycity]

But if I would be forced to choose between the two, I would rather have the Skills than Experience. I think, most will agree with me that you will not necessarily be skilled even if you have the experience.