Thread: What most newbies must go through when trading Forex

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.

I think this post is indeed eduional. And I really do hope I will comeback.

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.

Fantastic Article. All the 5 phases and I fully agree. Thank you for sharing!

Originally Posted by ;

Exactly what most newbies have to undergo when trading Forex. Actually, I find these phases are more accurate: 1) Numbness two) Searching and longing 3) Disorganization and despair then 4) suicide or Reorganization and recovery ==gt; as in get a real job

Hahaha, awesome reply!
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.

Comments interesting post and here

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...