The 38 steps to trading for rookies!

Wow, I dare say that this thread is just an invention. I can logically agree to the sequence of those stages. Many thanks to the author for explaining psychological mechanics of FX trading! I guess the major problem of newbies is that they often try to jump from the stage "we accumulate more information" to the stage "we begin to consistently make money".

Majority of the rules above boils down to proper money management. All loses on Forex trading are incurred by excessive gambling and using too high leverage for too small deposit.

Many thanks for your kind support, MT. If to be honest, I am not shure about which stage I am currently on, but you definitely can include me in list of those traders whom you significantly help to. I realize that your work might be unthankful sometimes because those who come to forex imagine it in completely different way, but your help to others is really appreciated.

Nice one. Throughout forumes it is possible to find much whine of newvies who want to quit. I believe it can help them. Thank for posting that.

This all means, don't give up and take appropriate lessons from your mistakes

Read this:

{ copyrighted attachment deleted by staff }

lol legit stages.. Im still at learning new rules and acquiring knowledge... right now I am in donate mode after getting overconfident, so Mr. Market decided to humble me down

Hi, Bubbletea

At least you are 'getting it'. Best of luck with your trading, if you want a hand, PM me, happy to help. MT

You are absolutely right. Every trader should follow all the steps.

Every new trader should use the demo account at the first to learn all the basics of forex perfectly