<a href="https://www.instaforex.com/ru/">ИнстаФорекс портал</a>
  • Welcome to the Investing in PAMM accounts!

    Welcome to the Investing in PAMM accounts!

    Invest $1 every day and become a millionaire!

    Read more

  • Community of investors and traders

    Community of investors and traders

    The largest community of investors and traders!

    Read more

  • For the investor

    For the investor

    Special step-by-step method for investors!

    Read more

  • For the trader

    For the trader

    Unlimited amounts for deposits,
    the largest in the internet automatic rebate payments!

    Read more

  • For the partner

    For the partner

    Passive reliable earnings!

    Read more

  • In the Community...

    In the Community...

    Make useful acquaintances,
    share information,
    photos and videos!

    Read more

  • Home
  • Trader
  • How to become a trader from scratch - the stages of becoming a successful trader
How to become a trader from scratch

Surprisingly, it sits so deep in people's heads that it can almost certainly be assumed, and this is confirmed by the statistics that 99% of newbies drain their deposit and, as a result, completely refuse to trade. And aggressive advertising of brokers and dealing centers plays in the formation of the first part of the statement that learning to trade is easy - the main role. Brokers are interested in having as few successful traders as possible.

And if 99% of traders merge their deposits, then who is trading in the market? And that same 1% of traders who took trading seriously and went through all the stages of becoming a professional trader. A trader is a profession. And a very difficult profession. To master that on the move does not work for anyone.

To become a doctor - you need to study at the university for 5-6 years. Mastering the profession of a teacher also takes 5-6 years. To become a professional military man - 5 years. And this is just getting basic knowledge and skills. To become a professional you need as many more years of hard work. So where did you get that you can become a trader in a couple of months? Such an opinion is a deep and stupid delusion.

And how much can a trader earn?
There is an interesting law: "The less people can do what you can do, the more money you can earn on your skills." This law has worked, will work and will always work. And from this law it follows that the earnings of a professional trader are limited only by the amount of deposits that can be served by brokerage companies.

Below you can find out how to become a trader. What stages must each trader go through to become a professional in his field?

Stage 1. The illusion of success.

A person heard somewhere, or read an advertisement of a brokerage company, that traders work without superiors from anywhere in the world and earn crazy money. Naturally, this man decided to become a trader. Most often, he buys, or enrolls (subscribes) to some training courses. Newbie to get acquainted with the basic terms. Studies the operation of trading terminals. It takes its first steps in trade. Opens and closes positions without a clear trading algorithm. And ... earns the first profit. This is the most dangerous moment for the trader! It may seem that the trade is mastered and everything was not so difficult.

The trader's earnings depend on the size of the deposit. And it would be complete madness at this stage to increase the deposit at the expense of credit and borrowed funds. Some newcomers, after closing the first profitable deals, sell apartments and thus increase working capital.

This first stage is characterized by a complete lack of understanding of what is actually happening. Market analysis and transactions superficial. Entries to the market and closing deals are not systemic. After losing trades, the psychological burden on the trader is enormous. If you do not work on stabilizing your mental state, stress arises and nervousness arises, sleep disappears.

Stage 2. Cold shower.

After receiving the first losses, traders begin to suspect something. He analyzes his transactions, compares opening and closing orders with the price movement on the chart, and suddenly he is horrified to realize that he does not understand anything in the market! This is the key moment when most newbies make an erroneous conclusion about the market that this is a scam and leaves the market forever. As mentioned above - these "traders" 99%.

The remaining 1% begin, almost literally, to nibble at the granite of the science of trading. They re-read the mountains of literature (which in the end turns out to be useless). They are registered on forums and in groups in order to get more information about trading. They buy various trading systems and strategies and put everything into practice. They study the work of advisers, indicators, auxiliary programs for trading. Some, especially persistent, even master the programming language mql4 (mql5) and themselves write Forex robots for automated trading. This is a very long stage.

And only when, according to the second law of dialectics, there is a transition of quantitative changes into qualitative ones, when a huge amount of information has been processed and assimilated, all this has been worked out in practice, a trader suddenly becomes enlightened with his own idea of ​​profitable trading.

This second stage is characterized by the great intellectual work done by the trader to systematize everything and create their own trading system. This can only people with a stable psyche and increased efficiency. Lazy and capricious by this time already dropped out.

Stage 3. Insight.

The trader profitably trades according to his trading algorithm, but the internal voltage is still present. There is also an unpleasant aftertaste from planned, but still unprofitable transactions. And suddenly at one fine moment it becomes clear that no one can predict the price movement on the chart. It is simply impossible. And it comes to the realization that all these analytical centers, which spread their analytical forecasts, are absolutely meaningless and exist for the "traders" from the first stage and ... at the expense of the same "traders". Analysts are a useless army of people whose recommendations have not yet made anyone a millionaire. Awareness of this fact explodes the brain from the inside and the whole mechanism of fooling and fooling huge masses of people becomes clear. The magnitude of this institutionalized fraud is simply amazing.

This third stage is characterized by the transition of the trader to the next level of trade, where trade is absolutely unemotional and with a clear awareness and understanding of their actions on the price movement in one direction or another.

Stage 4. Iron will.

The trader continues to trade according to his system, strictly adheres to each point of his trading algorithm. In the process of such trade comes routine and automatism. A trader no longer needs to spend hours to analyze the market before entering and exiting the market. Everything becomes clear and understandable. And if there is a desire to get big earnings, the trader goes into the status of managing trader with a PAMM account and accepts money from investors.

This fourth stage is characterized by a calm, unemotional trade with increased profits.

Becoming a professional trader is hard work. And only goal-oriented, strong people with an inner core are capable of it. But it's worth it.

If you are trading Forex, then you are definitely at some of the stages described above, your career as a trader. Which? Report it in the comments and clarify the characteristics of each stage, as you see it.

Found a typo? Please select it and press «Ctrl + Enter»

Comments (0)

Rated 0 out of 5 based on 0 voters
There are no comments posted here yet

Leave your comments

  1. Posting comment as a guest. Sign up or login to your account.
Rate this post:
Attachments (0 / 3)
Share Your Location

Investors Forum

What is IODEX?
What is IODEX? Platts Iron Ore Index, or IODEX (IODBZ00), is a benchmark assess...
89 Hits
0 Votes
0 Replies
Posted on Friday, 20 September 2019

Traders Forum

No Entries available yet

Partners Forum

Images for Websites
A website needs a lot of original pictures. Well, if you can create them. And if...
96 Hits
0 Votes
2 Replies
Posted on Saturday, 21 September 2019
SEO Tools
Post links to SEO tools here. Website Ranking and Rating regarding Traffic, A...
126 Hits
0 Votes
0 Replies
Posted on Sunday, 22 September 2019

Investor Blogs

Investment
Investing always starts small. Just as a long road begins with the first step, so investing begins with the first contribution of a small amount.The main and most common mistake of any novice investor is the accumulation of a decent amount, and only ...
Investment
​Where to invest money excites all novice investors. All without exception. And the variety of existing investment options is difficult for beginners to understand.The most important thing that every investor must do is to learn the main rule of inve...

Trader Blogs

Trading
​Forex price changes according to a complex law.The price of the Forex market at first glance moves erratically. But with careful consideration of the schedule, some patterns can be revealed. Does a trader need to know these patterns in order to make...

Partner Blogs

Partner
​Twitter Lead Generation – starting Now! Do You Know How to Start Twitter Lead Generation?​ ​How do you generate leads with Twitter starting today? Twitter is definitely an amazing social networking platform for engaging users, building relation...

Community news

Pinned Items
Recent Activities
There are no activities here yet