Ouch, this makes me realize I still have a long way to go. Currently im studying a lot of publiions on analysis, not ebooks, however, I guess im in phase two. Way to go
Ouch, this makes me realize I still have a long way to go. Currently im studying a lot of publiions on analysis, not ebooks, however, I guess im in phase two. Way to go
Wow, There are 5 stages to go through before you can actually become a successful trader!
Guess I have a loooong way to go... Still learning and studying before going to place my money in.
Thanks for posting a great article. I'm new to forex, currently employing a demo account and think about myself in stage 3. Looking forward to making it all the way.
Hahaha, awesome reply!Originally Posted by ;
I kinda agree with this measures... This is what 95 percent of those newbies face when they try out Forex, maybe such as me?
Really intresting post. In a weird way I believed this steps-stages use to our own lives as humans, from babies to older grandfathers.
Interesting and useful article. I remember trying a site that offers a digital training for a Forex newbie. It is correct that it may look easy but definitely it's risks and trading should be very well examined.
Nice post of all! Practically, Soultrader took the NLP understanding on learning and applied them to the FX world.
1. Unconscious Incompetence - basically you don't know that you don't know
2. Consciuos Incompetence - you know that you don't know and your beginning studying but you still experience many dificulties
3. Conscious Competence - you have the ability but you lack consistency
4. Unconscious Competence - auto-pilot such as Mr. Soultrader said
But there is another point, mastered only by a very few:
5. Mastery - greater than subconscious competence, everything comes in a continuous flow. This requires alot of time and effort to accomplish, but the results are extraordinary.
In my instance, I believe I'm currently struggling through stage 2 . Still long ways to go to accomplish the 4th point and alot of studying...