The mastery of trading is a long and uneven process of consistently looking for improvement combined with a high level of discipline. The steps that I have outlined here are not a prerequisite for successful trading, but definitely act as a great tool for improvement. Guest post by: www.colibritrader.com Update: Here is Part 2 of The Master Trader Steps to Mastery STEP 1: Visionary EVERY master trader should be able to envision the end result and then follow a predetermined set of rules in order to achieve these results. Master traders are trading in terms of commitment to a higher goal, as opposed to reaching self-fulfillment. For this step, it is important that the master trader should be able to get rid of assumptions about himself/herself and be ready to act in the next moment disregarding old illusions. Thus, following his/her own momentum the master trader enters in the moment or “in the zone” as others are referring this phase to. This is the moment, when the old habits do not matter and you trade through the prism of your consciously chosen objective. You are taking a new challenge and the self-limiting of yourself is left behind to only come closer to your pre-defined objective. In this stage, you are learning how to get out of losers or “uncomfortable” positions, while your objective is pushing you subconsciously to move closer to your goal. The master trader thus puts essential emphasis on controlling losses. STEP 2: Emotionless IT is essential that the master trader trades from a perspective of rationality and skill and not from an emotional perspective. To a certain degree, the master trader should be willing and able to learn how to act in a contrarian way to human nature. In other words, the master trader needs to know how to harness the power of consciousness. In a way, this is like inventing a new perspective, which can give you the ability to see the market in a different angle, while at the same time being able to take responsibility for your own deeds STEP 3: Keep up the Momentum IT is really important that in the course of building up the equity curve and making profits, the master trader keeps the momentum. It is not rare that when traders reach their targets (or come close), they blow up their accounts. This outcome is more or less due to the fact that reaching your goals is putting you in the realm of the unknown, thus coming back to the “comfort zone” or your starting point acts as an excitement-relief tool. Therefore, master traders should learn how to be comfortable with success. It is important that the master trader continues to envision greater goals and sustain the momentum throughout. In order to do that, the master trader should learn how to separate what happens on the marketplace from his/her own emotional responses. The master trader then needs to accept the fear of being in an unknown zone by strong willpower and stop trying to change this new state. In other words, one needs to be able to accept the unknown and embrace it with both hands. The master trader should aim at reaching a phase, where he/she should not focus on what others think of them. The master trader should not be surrounded by his/her own thoughts of winning/losing, but on the target and how to reach it. The master trader should aim to be in a state where trading is not an exhilaration by itself, but a commitment, where trading opportunities are taken effortlessly with the sole aim of reaching targets. STEP 4: Control Freak THE master trader should get out of the habit of being a control-freak of what is happening on the marketplace. One should be able to get rid of the feeling of being special in any way and just take what the market has to offer along the way. That’s the time to liberate yourself of any fears that are deeply ingrained in your sub-consciousness and start acting in a realistic way without trying to control the market or trying to predict future events. You should learn how to cope with your inner desire to “predict” the way of the market and instead follow your trading plan. Instead of being too euphoric or fearful, the master trader is already ready for the next trade, without even thinking about it. The master trader already knows that a few successful/losing trades do not mean anything in the long run. Guest Guest View All Post By Guest Basics & IndustryForex Basics share Read Next UK inflation misses – GBP/USD loses ground Yohay Elam 7 years The mastery of trading is a long and uneven process of consistently looking for improvement combined with a high level of discipline. The steps that I have outlined here are not a prerequisite for successful trading, but definitely act as a great tool for improvement. Guest post by: www.colibritrader.com Update: Here is Part 2 of The Master Trader Steps to Mastery STEP 1: Visionary EVERY master trader should be able to envision the end result and then follow a predetermined set of rules in order to achieve these results. Master traders are trading in terms of commitment to a higher… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.