Know the Difference by Doing It Yourself
“Tell me and I’ll forget; show me and I might remember; involve me and I’ll understand,” says an old Chinese saying.
Aristotle once said, “One must learn by doing the thing, because even if you think you know it, you don’t know for sure until you try.”
Both the Chinese quote that has been around for a long time and the quote by the genius that comes next show how important it is to learn by doing. It’s helpful to watch video tutorials, talk to friends or experts, and read books, but the best way to learn anything is to do it yourself.
It’s the same when you trade on the forex markets. We think that these quotes fit the forex trade better than anything else.
Let’s think back to the first Forex trade you made.
First, you learned about bulls and bears, and then you learned how to read charts. You learned about trading from eBooks and webinars and thought you were ready to make a lot of money. You did your homework and thought you were ready to trade. Of course, you had never done a real trade before. You just THOUGHT you could do it. So you made your first trade, buying with hope, but before you could leave your computer, the market went down.
Did you do that with real money or on a practice account? How much did you put on the line, and did you set a stop loss?
How important live trade is
The people who work at wetalktrade.com follow the motto “Trade by Doing.” They came up with a winning system for traders that is making a big difference in their lives. Every day, they show people how to make more money by trading in foreign exchanges in real-time.
They are experts at explaining how to trade, and you can follow their lead by trading on the markets on your own. You could get real-world experience and learn how trading strategies work.
When you give it some thought, the saying “Trade by doing” makes a lot of sense. It’s how we get really good at what we’re already good at. No one can learn to swim by reading books and getting instructions from other people. To learn how to swim, you have to be willing to jump right in. Don’t worry. We are always here to help you, and you can always count on us.
At Plain Forex Trading, you can practice trading with tools and methods that have been tried and tested. These are backed up by daily trading signals and good customer service. By taking part in carefully planned trading activities, each trader could learn important and useful skills. You can build confidence, which is an important trait for all traders, by practicing regularly.
Because we want to make money, we trade. When you “trade by doing,” you will make consistent trading income if you are disciplined and use trading methods in a strong way.
“If you don't find a way to make money while you sleep, you will work until you die.”
- Warren Buffett
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