whether the profession a trader promises?
why most traders lose a lot of reply?
why play forex & stock always lose?
This is the stage of a trader to become successful play and abaca frex and after this stage please addressed wisely and not emotionally ....
Level 1 unconscious incompetence
Once you sign the agreement settled trades, this is where you are. You became a trader because you heard that a trader can beat the revenue income of a state director. After all when you have profit simulation 3 times, then what is hard?. You may be able to profit with stunning results of 100 points to 200 points per lot per day, but it all just beginners luck alone. You would not believe at first, relying solely an indicator only, or even just by instinct (read an article about instinct in trading psychology), yet you can profit. But unfortunately, the market will beat you. No successful trader only by a factor of LUCK. loss after loss over you, but if you try to survive until the margin out, who can stand??. You did not realize that you can not trade, you still think you can trade even if all the facts say otherwise (whether this month's profit?, Profit last month?, This year's profit?). You still think that you are someone special, someone who will be able to get the key to the wealth of trading. And you do not realize that 90% of traders who fail to have feelings like that. You do not have a system that kumplit, you are ruled by your emotions, you are always averaging position if the loss is because of you Anger on the market, you always take profit in small quantities or let profits turn into losses because you are ruled by Greed, you never trading because you fear / FEAR. You let yourself controlled by emotions so that your equity margin suffers. 90% of people who trade only up at this level, they usually give up, stop trading and take this all just a bad dream again belaka.sebagian morale plummeted, they are still looking for investors and trading like mad. within a month or two months ago exhausted their margin to find prey again. They still claim to be traders, but their actual executor. and usually the moral of this drop will gladly served as the broker management. and some will remain as usual and claimed ngantor trader but never trading, they usually blame themselves. Only a matter of time, until when they can survive at this level and the time always wins. 90% of Trader is on this level, and only 10% aware and move to level 2.
Level 2 Conscious incompetence
At this level you realize that you could not trading, you do not have the ability to generate trading profits consistently. And you know the solution, you realize that while in level 1 is obscured by the emotions you thought you so that you can not think clearly. At this level you will find the holy grail (a perfect system, the system is 100% profit, the system that never loss), you begin to purchase the existing system on the internet, you read all the websites that exist about trading from the UK, USA, Australia , Europa to Russia, you see all existing ebook, you practice all the systems that you get, you're thirsty for knowledge like a wanderer in the desert is thirsty for drinking water. At this level you will read all the details about the indicators, you will test all existing indicator in metatrader, even you might create your own indicators (usually a combination of 2 or 3 indicators), you'll play with moving averages, Fibonnacci lines, pivot point, camarilla pivot, deMark, Fractals, Divergence, DMI. ADX, Bollinger Bands, and hundreds of other indicators. You know that the market is too complicated for the Predict with only 1 indicator only, you know the ideal combination of each indicator. you know percis excellence indicators and also his weakness. You will try to guess the TOP and BOTTOM of the market with these indicators. You will join a chat room traders and ask stupid questions on senior trader. because you know if you do not ask now then forever you will never know.
At the end of this level you will get 5 to 10 complete system and try to figure out which system is best suited to your personality. Of the 10% of traders who is on this level, only about 7% of the successful move to level 3.
Level 3 The EUREKA Moment
At the end of level 2, you finally realize the main problem lies not in the system. You realize that you can get a profit even if only using a simple system such as moving average without any other indicators, if you can use your head and money management right. You begin to read books on trading psychology, and identify with the character described in the book. Finally came the Level of Enlightenment. This makes the brain level of enlightenment you realize one important thing, in this world no one is able to accurately predict what will happen to the market 30 seconds later. You begin to master one trading system and modify it so that it fits with your character, and able to provide more profit than the original system. You start trading if you know the probability for a larger profit than for loss, you are only trading if there is a signal from your system, you always use stop losses, because you know that stop losses are business risks that exist in the world of trading. When you hit stop losses, you are not emotionally because you know no one can predict, and it's not your fault. The next trading will increase the probability of profits because you know your system is the system of profit. You are instantly aware that trading in the world there is only one important thing is consistency in the system, trading psychology and money management you. And discipline you to do any trading that occurred. You learn about money management, 2% risk, and other things. and it reminds you a year ago when someone gave the same advice to you and you choose to ignore it. when it is you are not yet ready but now you're ready. At the level of enlightenment, your brain will accept that you can not predict market movements, because no one could. Of the 7% of traders who is on this level, only about 5% who successfully advance to the next level.
Conscious Competence Level 4
Okay, now you're just trading system if and only if you give the signal. You cut loss as easily with a take profit. because you know your system will give more profit than loss, and cut loss that you do is a business risk that is max 2% of your account. At this level you start with a profit target of 20 points per day, and after you are able to do it consistently for several weeks, you increase the target by 40 points per day. And it could ultimately do. You still have to work hard to get it, fix your system, control your emotions, and implement money management that you hold. this level usually runs about 6 months. Than 5% of traders only about 3%, which could advance to the next level.
Level 5 Competence unconscious
Well now you get to the level 5, this is a level that most expected by all traders in the world, at this level you can trade in nature, you have mastered it all, you can be Dancing with the Market, the direction the market is running, you have open in the right position, so you live to see the profit you move from 2 digits to 3 digits. This is the top level of a trader, this is the level of utopia, you have mastered your emotions and now you are trading with an account that continues to grow each day from the cumulative profit that you earn. You'll be a star in the trading chat room, and people will listen to what you said, you are familiar with their questions, because you're positioned them 2 years ago. You will provide advice to them, but you know that most of them will not listen because they are still level 1 trader. You will not have financial problems again, you can buy all the items available for sale, you can buy the island and trading there as long as there is internet, you can move to a 5 star hotel, and became permanent residents there. You have income like a superstar, you can create their own book, you can trade on margin without limit, and your account will be many times more than initial account. Only 3% of traders who can reach this level. Now you can proudly say "I'M A TRADER".
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