STAGES OF A FOREX TRADER

STAGES OF A FOREX TRADER
Trading boils down to three main areas - your Mindset (or psychology), your Money management (how you manage your risk) and the Method you use to buy and sell (your trading system). Of those three areas, your mindset and your ability to control it are by far the most important! The key is that your mind drives everything you do in your life and trading is no exception.
Below is a brief outline how a forex trader advances in his skill.
Beginner Trader - To study and paper trade for a minimum of one month with imaginary money, gaining the experience required to establish a track record of profitable performance.
Advanced Beginner - To trade one or two lots with real money, working through emotions and establishing a track record of making money.
Competent Trader - To trade in control with equity management, achieving a financial return.
Proficient Trader - To trade based on my belief, education, and experience and achieves a financial return.
Expert Trader - To mechanically execute profitable trades with no emotion.

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PRINCE ADEWALE
FOREX TRADER/TRAINER
prindumy@yahoo.com 2348023085374