The industry as big as is has a very small success rate when it comes to the retail part as more than 80 percent of retail traders lose money in the markets due to a number of false education that is being spread by other retail traders with the help of brokerage firms and other Financial Institution who look to benefit from the millions of traders that lose money in the market place.
The Traders Model
- Explore The Market
This is the Stage that most retail traders are stuck in as they are in a search for a strategy or a golden way to make money in the market. Most traders have not discovered themselves and are continuously looking for information that may help and some traders in this stage have information but the information they have is not structured properly to use in the markets.
In this stage most of the traders are blowing accounts as for every information they get they open trading accounts and trade without fully understanding how to properly use it. Most traders in this stage keep on learning strategies and systems with hope that they will be as successful as the traders that the follow which has not worked, its all about determining your own niche in the industry and focus on developing it to a strategy using the past information you have gained from trading. - Develop a Trading Model
This a stage where the traders collects the pieces of trading that they have learned while they were in in the Exploration stage, in this stage the trader finds a model and gets to come up to understanding the inner-self and how to tackle the market using combined strategies.
The traders develop a model that they follow in their careers which will help them understand the market properly and then they will get to what we call the Risk Model where the trader will learn much more about controlling risks in their trading journey through experiences that they would face when they are building the trading model. its not very difficult its all about finding your own style of trading by compiling information and strategies that you have learnt while your were in the Discovery stage and getting to use it in a way that meets you as a trader. - Internalize Your Trading Experiences
In this Stage the trader gets to know the risk and reward that come with Forex trading through the experiences that the trader goes through in their trading journey, they get very careful on their entry exits and high guidance on the risks involved in trading Forex. in this stage the trader has mastered a strategy and is much aware on the risks that are involved with trading the markets. - Improved Level of Consciousness
You are at a level whereby you have fully found your niche in your trading, a level whereby you are in full control of your trading and emotions. - Wisdom
Wisdom is the Final Stage of the Traders Model, its a level whereby you have mastered a style of trading and you fully know how to control your risks and have gained much responsibility as a trader.
















