The 5 Stages to Becoming a Profitable Trader

Guest post by Kris Matthews (http://tradeforexfundamentally.com)

I feel that something equally important as the strategy that one uses to trade with is the psychology. Trading (especially forex) is not an easy thing to do and it can be disheartening when losses occur. I wanted to give you something to look forward to so you know what’s required to become successful.

The following video is inspired by an anonymous statement from a trader who outlined the 5 stages traders go through before becoming successful. I’ve made several mistakes during each stage, which you may be able to relate to, before making it through and my hope is that you honestly assess which stage you’re in and decide what you need to do to get to the next one. I hope that this provides you some certainty and a pathway to make it as a successful, profitable, forex trader. With that, keep at it and remember to keep focusing on your goal and make the right decisions- then you’ll hit your target.

Read Next

Forex Daily Outlook – September 7 2010

• Anat Dror
• 13 years

Guest post by Kris Matthews (http://tradeforexfundamentally.com) I feel that something equally important as the strategy that one uses to trade with is the psychology. Trading (especially forex) is not an easy thing to do and it can be disheartening when losses occur. I wanted to give you something to look forward to so you know what's required to become successful. The following video is inspired by an anonymous statement from a trader who outlined the 5 stages traders go through before becoming successful. I've made several mistakes during each stage, which you may be able to relate to, before making…