5 stages of development of a trader
5 stages of development of a trader
On the path to become a professional trader, success, usually has 5 stages that trader must undergo:
1) stage 1: NOT YET REALIZE the LACK OF INTERNAL
At this stage, the new trader entered the market. They don't yet have good knowledge about fundamental analysis, technical analysis. However, the success of some individual or business desire into a high-profit investment channel has to entice them to channel this investment.
Surprises in this period, the trader can have a less successful or losses not substantial and they think they absolutely have the ability to make money in this investment. Thus, the trader will increase the number as well as the volume of transactions. But then they will start to lose.
This phase can last from 1-3 weeks.
2) stage 2: RECOGNIZE YOURSELF NOT ENOUGH POWER
At this stage, investors started to notice her lack of knowledge of this market. They will study with books, web-site, on the trading forums to learn experience and try another way to try to, from the technical analysis tools such as MA, Fibonacci, DMI, ADX ... until the robot automatically over the network, or the trading systems of the money is set to go ahead , and even the INDICATOR that you study your way out.
However, the sad thing is that while everyone else can make a Word, you will still lose. Because you haven't found the right tools to you, and you don't feel good about the market will go in today.
This phase varies according to each person, maybe a few months, maybe a couple of years. In this phase, you will can fire 1, 2 accounts. And I recommend you should fire your virtual account real account instead. And so at one time, you will jump to a new page in his career trader, that is stage 3.
3) stage 3: EUREKA MOMENT
In this phase, you suddenly realize that the trading system will not make a difference for the trader. You see that you can make money with just a simple average SMA but it came with a head cold and good financial management methods. You will begin to learn about the psychology of trading, capital management and the Eureka moment will come to you.
By this time, you'll realize that no one, including you and all other people can predict the market will go about anywhere in 10 seconds, 20 seconds. You will start to draw out your own trading systems and risk thresholds set out to stop the transaction. Your success rate will increase gradually, and you know your trading system works based on leverage and capital management.
4) stage 4: REALIZE SUFFICIENT CAPACITY
In this stage, you are just in and out of the market when your system for signs. You can lose easily but you know you won more than lost, and you will limit the losses to a minimum. This stage lasts about 6 months.
5) stage 5: DON'T CONCERN THEMSELVES with ENOUGH CAPACITY
At this stage, your account will increase quickly. You on/off the market as a machine, and that you see as normal driving. You know how to restrain emotions, and keep cool when the transaction. In the forums, you are a star, and people will listen to what you say.
The transaction can no longer appealing to you anymore, because as everything in life when you were so good at you will have signs of bored, and you just see it as a job to make money only. Although you are a successful trader, but you won't be sad to say to people, because it's just a job like many others.
How to start Forex trading, investing at home and online ?
Step 1. Sign up e-money like Paypal, Neteller
http://bit.ly/emoneypaypal
http://bit.ly/emoneyneteller
Step 2. Choose a good forex broker to register your trading account suck as:
http://bit.ly/onlyforusatraders
http://bit.ly/automatedwithdrawmoney
Step 3. Follow forex signals or learn forex trading
http://bit.ly/globalsocialtradingnetwork
http://amzn.to/1XbNk8l
Step 4. Deposit e-money to your forex brokers
Step 5. Withdraw money via e-money
On the path to become a professional trader, success, usually has 5 stages that trader must undergo:
1) stage 1: NOT YET REALIZE the LACK OF INTERNAL
At this stage, the new trader entered the market. They don't yet have good knowledge about fundamental analysis, technical analysis. However, the success of some individual or business desire into a high-profit investment channel has to entice them to channel this investment.
Surprises in this period, the trader can have a less successful or losses not substantial and they think they absolutely have the ability to make money in this investment. Thus, the trader will increase the number as well as the volume of transactions. But then they will start to lose.
This phase can last from 1-3 weeks.
2) stage 2: RECOGNIZE YOURSELF NOT ENOUGH POWER
At this stage, investors started to notice her lack of knowledge of this market. They will study with books, web-site, on the trading forums to learn experience and try another way to try to, from the technical analysis tools such as MA, Fibonacci, DMI, ADX ... until the robot automatically over the network, or the trading systems of the money is set to go ahead , and even the INDICATOR that you study your way out.
However, the sad thing is that while everyone else can make a Word, you will still lose. Because you haven't found the right tools to you, and you don't feel good about the market will go in today.
This phase varies according to each person, maybe a few months, maybe a couple of years. In this phase, you will can fire 1, 2 accounts. And I recommend you should fire your virtual account real account instead. And so at one time, you will jump to a new page in his career trader, that is stage 3.
3) stage 3: EUREKA MOMENT
In this phase, you suddenly realize that the trading system will not make a difference for the trader. You see that you can make money with just a simple average SMA but it came with a head cold and good financial management methods. You will begin to learn about the psychology of trading, capital management and the Eureka moment will come to you.
By this time, you'll realize that no one, including you and all other people can predict the market will go about anywhere in 10 seconds, 20 seconds. You will start to draw out your own trading systems and risk thresholds set out to stop the transaction. Your success rate will increase gradually, and you know your trading system works based on leverage and capital management.
4) stage 4: REALIZE SUFFICIENT CAPACITY
In this stage, you are just in and out of the market when your system for signs. You can lose easily but you know you won more than lost, and you will limit the losses to a minimum. This stage lasts about 6 months.
5) stage 5: DON'T CONCERN THEMSELVES with ENOUGH CAPACITY
At this stage, your account will increase quickly. You on/off the market as a machine, and that you see as normal driving. You know how to restrain emotions, and keep cool when the transaction. In the forums, you are a star, and people will listen to what you say.
The transaction can no longer appealing to you anymore, because as everything in life when you were so good at you will have signs of bored, and you just see it as a job to make money only. Although you are a successful trader, but you won't be sad to say to people, because it's just a job like many others.
How to start Forex trading, investing at home and online ?
Step 1. Sign up e-money like Paypal, Neteller
http://bit.ly/emoneypaypal
http://bit.ly/emoneyneteller
Step 2. Choose a good forex broker to register your trading account suck as:
http://bit.ly/onlyforusatraders
http://bit.ly/automatedwithdrawmoney
Step 3. Follow forex signals or learn forex trading
http://bit.ly/globalsocialtradingnetwork
http://amzn.to/1XbNk8l
Step 4. Deposit e-money to your forex brokers
Step 5. Withdraw money via e-money
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