The Evolution of a Forex Trader - You're Not Alone

During the long trading journey, we all need to spend a lot of time looking back and analyzing what we did and thought in our trading. Our way of thinking hints at whether we can succeed in our trading career in the future. Traders need to follow these steps to gradually master the game:

● You are the master of your own destiny, the helmsman of your soul, and you are responsible for all your actions, emotions, and transactions. First, you have to be determined to give everything to succeed. Then, we need to build confidence. Slowly, by forming trading habits and executing trades according to principles, we will stick to this business.

● Focus on what you can control. We must know ourselves well enough to make progress every day.

● To succeed in trading, two important factors are indispensable: strong psychological control and the ability to execute trades efficiently. The ability to adapt to changing market conditions allows these two important factors to be combined.

We need to work hard. There are no shortcuts to trading. There is a Chinese saying: "Practice brings true knowledge." Traders should keep this in mind.

The growth and transformation path of a trader:

1. Learn new things. Discovering new strategies, metrics, or books excites us.

2. We plan to practice what we have learned in a small account.

3. We became even more excited when we started experimenting with new trading methods using real money.

4. The results are far from what we expected. Emotions start to push us elsewhere. Out of fear or greed, emotions start to govern transactions, replacing our sanity.

5. Returning to the diagram we need to master, we decided to start with a way to manage ourselves.

6. We are slowly regaining our enthusiasm for trading. At this time, the most important thing we need to do is to clarify our trading ideas and bring everything back to sanity. Only the most important information in the trading process can attract our attention, and all other sources of information must be cut off.

7. Return to real trading. This time, our strategy is sound, but we also need to analyze what bad habits or emotions we have, because they may affect our trading behavior. After all, attitude determines behavior.

8. The mood swings that occur in trading begin to make us aware of which emotions or behaviors make us lose our cool in real trading, leading to a swing in trading.

9. Numbers are starting to become the subject of trading, and emotions are starting to get out of the game.

10. Trading doesn't excite us anymore, but it feels more real now. We understand the true face of the game and what success means to us.