Daily on the foreign exchange market comes a lot of beginners. But not every beginner can become a successful trader. What is a trader is a person who profitable trades in the markets (financial, commodity, stock). To do this he would be able to overcome several stages.
The first phase of the newcomer. Lots of people comes to the Forex currency market, hoping to earn money and thinking that trading is easy and simple. They tend to read a number of publications about the international currency market on share some broker and immediately open a real account. Market currency trading seems to them a game, and they instantly lose the initial fee. About 10% of debutants move on to the next phase — recruit or inexperienced trader.
Having made the transition to this stage, You have already figured out that all doing it wrong. You start to try to find ways of achieving earnings. Analyze all possible books, learn about technical analysis. Experience all sorts of signal indicators, expert advisors Forex. You think that just a little and You will find some kind of a Holy Grail and achieve financial security. But actually all the same continue to lose hard-earned money. If You lose hope, you will be moved into the phase of progress.
You have not successful trader, but realize how much to study and practice to achieve the result. You start to search for different literature, seminars, courses, will develop and test strategies currency trading. One day You will realize that found their own way of trading Forex and you will cease to seize everything. This is the stage of determination. You still don’t get a huge profit but you know exactly when to trade. Obey the rules of the disposition of capital, absolutely in control of the emotions and feel about losing streak, as something inevitable.
The next phase is successful trader. You trust your trading strategy, sign a deal on your trading system, plan out all of the action beforehand. You get good money, moreover, constantly. Forex — Your main income.
A successful trader — not the final stage of formation of a trader in the Forex market. There are still Profi, who are seeking not only a good Navara, but a full understanding of the foreign exchange market. They can write a whole book about how the achieved financial independence or establish Academy of the trades on Forex. They bargain without the emotional and systematically receive good money.
Traverse the path from debuted a trader in the Forex market to Pro not everyone can. But if You have patience, confidence, aspiration try. You will succeed!