Thread: What most newbies must go through when trading Forex

Originally Posted by ;

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

once a while I enjoy your articles. For most, that is in fact the case, where many discover that their losses are mounting and they're caught in a cycle of gaming.

Also, I had to laugh at this:

Originally Posted by ;

you realise its really possible to generate income with a simple moving average and nothing else IF you can get your mind and cash management directly

You will NEVER make consistent cash over the long term with a simple moving average. As time passes, you are going to eliminate everything in fact.

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.

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...