Quote from: mirakal on October 28, 2024, 05:28:57 PM

Quote from: Davidvictorson on October 27, 2024, 06:19:05 PM

Quote from: Sobz on October 24, 2024, 10:28:36 AM

The lesson we learn from trading experience and articles we read are quite different, though the lesson from both are very important in trading but the mistakes of some beginners, they get much confidence in trading after learning only from books.
Experience gives the best lessons to traders, which beginners should never be in haste or be so confidence to trade with big amount of money by only gaining knowledge from reading books about trading.

I do agree very much with you. Books , articles, and YouTube videos can only teach you so much. They are infact passive learning. They real learning comes when you get your hands dirty in the live trading. The demo trading is the same category with books and articles. The the live environment the market is dynamic and changes happen fast, and you need to act fast. It is the experience gotten from these different expected and unexpected scenarios that brings about learning.

True. Real learning comes only with real application from your acquired knowledge from reading books and watching tutorial videos. And with consistent application and experience, that’s when effective learning will develop. Most particularly with trading where everything comes with knowledge and skill application. If you fail on that, effective learning experience becomes failure as well.

You need to have that in hands experience to see if those things that you read or watch will be appropriate with the type of a trader you are most of the time, newbies thinks that since they are catching it up while watching or reading they tend to agree that by simply following whatever then guide that's been provided will be effective right away, they just going to realize things up when they already lose their money and re-analyze what went wrong with their application.