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The 5 Steps to becoming a trader

  • #141
  • Apr 9, 2010 1:44am Apr 9, 2010 1:44am
Step 4 is good enough for me.
I am 90% profitable all the time.

Heck, I don't need ALL the money in the world to myself.

Money is needed to enjoy a good lifestyle.
This means I will be happy when I have enough to do what I need to do.

Excessive surplus is just plain greed.
  • #142
  • Apr 21, 2010 3:57am Apr 21, 2010 3:57am
:nerd:
To Live is the rarest thing in the world , Most people exist , that is all
  • #143
  • Apr 21, 2010 4:43am Apr 21, 2010 4:43am
Quoting Brunite


Good luck to those along these stages. I will give one hint: Eventually you will have to get off the system bandwagon and learn HOW to trade. It is a skill-set that can be learned......but it takes time. Years.....and 1000's of hours. Yep....1000's of hours of testing and study. Sorry....there are no shortcuts. I looked for quite some time......ain't there. Don't expect to make a living doing this with any less work than you would devote to mastering any other vocation. This is not get-rich quick. Those with intelligence...
NEVER have truer words been spoken! Listen people, as Brunite speaks wisdom. Can you commit?

  • #144
  • Apr 21, 2010 11:27pm Apr 21, 2010 11:27pm
Quoting maheswara
is there a sticky option in the forum ?
apparently not,
FF should consider introducing it ... any way to pass the idea to the admin ?

Yes,please sticky this thread...very valuable
  • #145
  • Apr 22, 2010 12:28am Apr 22, 2010 12:28am
Out of all of the articles I've read on trading, the one on the first post of this thread is the best.
  • #146
  • Apr 22, 2010 1:23am Apr 22, 2010 1:23am
To Live is the rarest thing in the world , Most people exist , that is all
  • #147
  • Apr 22, 2010 1:49am Apr 22, 2010 1:49am
, nice post from Dial.
  • #148
  • Apr 22, 2010 2:35am Apr 22, 2010 2:35am
I love the start of this thread. I am yet to read it all.

I made the transition from stage 1 to stage 2 sometime last night ( i think / hope ) after spending a couple of months down in demo land.

To be honest I am still trying to cope with the despair. There I was thinking it was going to be easy.....

I am very glad I have actually joined this forum and started to read a bit more instead of blowing my demo account. Don't get me wrong, I will go back to blowing my demo account soon. It is just nice to have a break from it and smell the flowers.

Cheers.

Adam.
  • #149
  • Apr 22, 2010 3:02am Apr 22, 2010 3:02am
Quoting adamnz
Don't get me wrong, I will go back to blowing my demo account soon.
C'mon and hurry! Your demo broker is waiting to take your monopoly money!

Just kidding.
Have a good one!
  • #150
  • Apr 22, 2010 3:55am Apr 22, 2010 3:55am
Quoting charlyher
Excessive surplus is just plain greed.
So, having too much of more than we need is a desire to have more than is needed?
  • #151
  • Apr 22, 2010 4:04am Apr 22, 2010 4:04am
Quoting Mr J
So, having too much of more than we need is a desire to have more than is needed?
Yes. Definitely. Wait a minute. What?
  • #152
  • Apr 22, 2010 4:31am Apr 22, 2010 4:31am
Quoting Mr J
So, having too much of more than we need is a desire to have more than is needed?
Yes and No. Problem is "too much" is relative in a business where the bottom line is make as much money as possible. Which means we are all greedy. I am greedy. Come to the dark side. We have cookies.
  • #153
  • Apr 22, 2010 4:41am Apr 22, 2010 4:41am
Sorry, it was a rhetorical question, intended to draw attention to the post I quoted.
  • #154
  • Edited 6:49am Apr 22, 2010 6:38am | Edited 6:49am
Excellent post!

If I'm starting to not care whether I lose or win, as long as I've done my analysis and I'm not risking more than 2% per trade, which level am I in??

edit: It's real! Only ~5% is in level 5!
  • #155
  • Apr 22, 2010 7:29am Apr 22, 2010 7:29am
To Live is the rarest thing in the world , Most people exist , that is all
  • #156
  • May 19, 2010 12:18am May 19, 2010 12:18am
Don't you know, bump it up,
You got to bump it up,
Don't you know, bump it up,
You got to bump it up,



V
  • #157
  • Jun 11, 2010 3:31pm Jun 11, 2010 3:31pm
Don't you know, bump it up,
You got to bump it up,
Don't you know, bump it up,
You got to bump it up,
http://cdn.forexfactory.com/images/s.../yim/happy.gif
  • #158
  • Jun 22, 2010 2:46am Jun 22, 2010 2:46am
I like your first post...

I am step 2... but not for all I hope
  • #159
  • Jun 22, 2010 3:02am Jun 22, 2010 3:02am
I'm not sure about step 5 with forex, I actually think step 4 of conscious competence may well be safer, it's probably each to his own though.

I do like your comparison to college courses, I find it amazing that people will spend fortunes going to college for 3 years to obtain a qualification so that they can work hard to pay debt off and yet expect to learn forex in a few weeks and make millions.

it's not an analogy even, it's a full direct comparison.
  • #160
  • Jul 20, 2010 12:16am Jul 20, 2010 12:16am
bump . . .
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