Monday, March 30, 2009

Which level of trader you belong?

Basically, there are three levels of trading :

Level 1 : The Beginner Trader
From here your focus is on studying, understanding, and beginning to established your trader's constitution, methodology, and trading strategy to match your personality. Master you trade in a demo account to familiar with the trading platform.

Level 2 : The Competent Trader
You acquire conscious competence. You begin to trade with real money, go through your emotions, and learn to trade with equity management rules to achieve a consistent financial return.

Level 3 : The Expert Trader
You acquire unconscious competence. You mechanically execute profitable trade with no emotion. Your decisions are based on your belief, educations, established rules, and experience to achieve a consistent financial return.

Be really clear of your goals and be persistent till it achieve. Keep learning from mistakes and made good progress daily. Know where you are and work from level 1 to level 3. There will be many circumstances that shows and hinder you during your forex trading journey but stay focus and look forward towards the joy of tremendous rewards.

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