Forex traders look at which stage you are in
Newcome Eastforexcashbacks learn to trade as learning to drive, mainly including the following five stages: Stage 1: not yet realize forexcashbackcalculator they cashbackforexbtc an unqualified trader; At th cashback forex stage, you think doing foreign exchange is a good way to earn money, because you have heard that many people earn money from the foreign exchange market, many people have become millionaires Just as you learn to drive before you think driving is very You think trading is also easy, the price is either up or down, what can be difficult? Unfortunately, as with your first time sitting at the wheel overwhelmed, you start out doing a lot of trading, taking a lot of risk once you enter the transaction, the price East forex cashback you go in the opposite direction, so you rush to reverse the operation, but the price is reversed, so you again To avoid losses, you double up on the positions against you, with the intention of amortizing - sometimes you can succeed in get out of the loss, but more often than not you are left in the dust; At this stage, you simply do not realize that you are an incompetent trader; this stage usually lasts 1-2 weeks and you will quickly move to the second stage; Stage 2: Realize that you are an incompetent trader; At this stage, you realize that in order to succeed, you must put in greater effort; you realize that you do not yet have the skills and qualities to be a consistent profiter; you try to buy systems, read various books, browse various websites (from Russia to Ukraine) and try to find the Holy Grail; at this stage, you are a system junkie and you try different methods day after day, but cannot stick to just following You try different automated trading systems using MetaTrader, you try moving averages, Fibonacci lines, support and resistance, Pivots, Fractals, divergence, DMI, ADX, and hundreds of of other indicators, expecting to find that magic system soon; you try to catch tops and bottoms, trying to find the exact trend flip point with your indicators; you always hold on to your losing trades and even try to amortize them because you believe you are right; you go into chat rooms or forums and see other traders making money from the market and ask yourself countless times in your mind why those who are dumber than You think that those people who claim to be making money are lying and they cant be making that much because you think you have studied the market so much and still cant, how can they? You are like an adolescent at this time, very stubborn, simply can not listen to the advice of those veterans who make money, you think you are the best, you use very high leverage, overtrading, although others think you are crazy, you do not think so at all, because you think you are more intelligent than others; You began to consider following other peoples shouting orders, but not successful; you turn to start seek help from paid services, the results are equally unsuitable for you; This stage can last for many years, the author himself lasted 18 months; Finally you start to come out of this stage, you may have spent far more time and money than you previously thought, the violent position 2-3 times, and those who eventually did not give up often violent position 3-4 times; Stage 3: I found nbsp;At the end of stage two, you realize that its not the system itself that makes the difference between traders; You realize that if the thinking and money management is correct, you can make money even if you only use simple moving averages; You start trying to read some books on trading philosophy and psychology and try to identify the character traits described in these books; At this time, you usher in the (I found it) moment; this moment gives your brain a new way of thinking; you suddenly realize that you cannot, and others equally cannot, accurately predict the price of the market, even 10 seconds later, let alone 20 minutes later; you begin to focus on just one system and reinvent your way of trading; you begin to get pleasure from it and are able to control your own risk; you begin to enter every trade as long as your strategy shows it has a better chance of winning; you no longer feel angry when a trade goes against you because you know that you cannot predict the price and it is not your own fault; once you find out that the trade is against you, you are able to Exit the trade; you know the next trade will have a higher success rate because you believe in your own simple trading system; you are soon able to recognize that the trading game is one thing - that is, being able to take a consistent strategy and discipline to each trade; you learn proper money management, using the right leverage ratio, being able to control account risk, etc.; This time you remember the advice you were given a year ago and cant help but smile; at that time you couldnt accept it, but now you can; (I found it) the moment is marked by the fact that you truly accept that you cant predict the market; Stage 4: Realize you are a qualified trader you accept every trade sent by the system signals; ;you are able to treat losses like profits; you are able to cut off losses and let profits run because you know your system wins more than it loses; now you are at the leveling stage, making 100 points this week and losing 100 points the next; not profitable but guaranteed not to lose money; you start to be able to call out good orders and gradually earn the respect of others You are still trying to improve your trading and slowly your profits start to outweigh your losses; on one day you make a profit of 20 points and then lose 35 points, but you dont feel anything about it, you know it will come back; finally you start to be able to make a profit every week; Stage 5: The Unconscious Qualified Trader now everything is ready - Just as you drive unconsciously every day, you trade unconsciously every day; you are now on autopilot, 100 pips a day is like a daily routine for you; this is the ideal country for trading, you are in full control of your emotions and keep your account moving up fast; you are now the star of chat rooms and forums, everyone listens to you of you; you vaguely see shades of yourself from two years ago in their questions; despite giving your own advice, you know that for them, most of it is useless - some of them, slowly or quickly, are going to go the way you once went, and there is no doubt that more of them will never get beyond the second stage; for you, trading is no longer exciting, and even a little Boring, as is your lifes work; Now you can hold your head high and say loudly: I am a forex trader!