Humbly Present: INSTAFOREX WORLD

Posted by Nelayan Forex On April - 23 - 2013

Your dedicated compact linkage page to InstaForex - the best broker in Asia!

Posted by Author On Month - Day - Year

POST-TITLE-HERE

Posted by Author On Month - Day - Year

POST-SUMMARY-HERE

POST-TITLE-HERE

Posted by Author On Month - Day - Year

POST-SUMMARY-HERE

POST-TITLE-HERE

Posted by Author On Month - Day - Year

POST-SUMMARY-HERE

Forex 101: L1 - 38 Steps To Becoming A Trader

Posted by Nelayan Forex On 1/16/2011 10:12:00 PM

By Anonymous Trader

[As published in Commodity Futures Trading Club News & in Traders Organization's "Real Success Day Trading Course"]


1. We accumulate information - buying books, going to seminars, & researching.

2. We begin to trade with our "new" knowledge.

3. We consistently "donate" & then realize that we may need more knowledge or information.

4. We accumulate more information.

5. We swithch the commodities we are currently following.

6. We go back into the market & trade with our "updated" knowledge.

7. We get "beat up" again & begin to lose some of our confidence. Fear starts setting in.

8. We start to listen to "outside news" & to other traders.

9. We go back into the market & continue to "donate".

10. We switch commodities again.

11. We search for more information.

12. We go back into the market & start to see a little progress.

13. We get "overconfident", and the market humbles us.

14. We start to understand that trading successfully is going to take more time & more knowledge than we anticipated.

MOST PEOPLE WILL GIVE UP AT THIS POINT, AS THEY REALIZE WORK IS INVOLVED.

15. We get serious & start concentrating on learning a "real" methodology.

16. We trade our methodology with some success but realize that something is missing.

17. We begin to understand the need for having rules to apply our methodology.

18. We take a sabatical from trading to develop & research our trading rules.

19. We start trading again, this time with rules, & find some success, but overall, we still hesitate when we execute.

20. We add, subtract & modify rules as we see a need to be more proficient with our rules.

21. We feel we are very close to crossing that threshold of successful trading.

22. We start to take responsibility for our trading results as we understand that our success is in us, not the methodology.

23. We continue to trade & become more proficient with our methodology & our rules.

24. As we trade, we still have a tendency to violate our rules, & our results are still erratic.

25. We know we are close.

26. We go back & research our rules.

27. We built the confidence in our rules & go back into the market & trade.

28. Our trading results are getting better, but we are still hesitating in executing our rules.

29. We now see the importance of following our rules as we see the results of our trades when we don't follow the rules.

30. We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear), & we begin to work on knowing ourselves better.

31. We continue to trade, & the market teaches us more & more about ourselves.

32. We master our methodology & our trading rules.

33. We begin to consistently make money.

34. We get a little overconfident, & the market humbles us.

35. We continue to learn our lessons.

36. We stop thinking & allow our rules to trade for us (trading becomes boring but successful), & our trading account continues to grow as we increase our contract size.

37. We are making more money than we ever dreamed possible.

38. We go on with our lives & accomplish many of the goals we had always dreamed of.
_________________
Nelayan Forex:
Di mana kita?
Mampukah kita melalui 38 langkah tersebut sesingkat 38 hari ataupun terpaksa menunggu 38 tahun untuk melengkapinya?
PadaNya kita berserah..

1 Response to "Forex 101: L1 - 38 Steps To Becoming A Trader"

  1. Forex Said,

    Recently I was looking at this record that are good guidelines to be popular in the forex market.
    This information allows us to grow in the current situation to the future.

     

Post a Comment

    JUTAWAN FOREX at INSTAFOREX GRAND DINNER Kuala Lumpur, 2012 HUKUM FOREX by USTAZ AHMAD DUSUKI ABDUL RANI Masjid Negeri Selangor, Kuliah 11 April 2013

    (c)Mataf.net Forex and Forex Volatility

    (c)Mataf.net Forex and Forex correlation
    All rights reserved, 2010-2015. Concept and experience contents by Nelayan Forex Traderlog. Powered by Blogger.
    Google PageRank Checker Powered by  MyPagerank.Net
    Powered By Blogger

    free counters

      Forex Trading by DailyForex.com

    ..

    ..