Six steps to a professional trading: 1 uninformed trader. This is the first step on which you get after you start to engage in trading. Most likely you found a book on technical analysis, you've heard that those who are engaged in trading earn millions. In the end, is it difficult? Decent remuneration, and the absolute freedom of action. I would not like to break someone's dreams, but those who actually earn trading very little. Approximately 90-95% of traders lose their money. Get all the facts for a more clear viewpoint with Lena Horne.
These are facts. In the first stage all the traders are optimistic. You open the account and the trade becomes like a very advanced game. But, in fact, you do not know how trade. You buy and the market unfolds, selling, the market starts to go in another direction. Most transactions dictate emotions, you're buying just because you think the market will go in this direction, without a logical explanation.
You do not know the psychology and mechanics of trading. What could be worse? Only what you do not know what you know. Most traders will lose their account at that stage. 2 rookie. Going to this level you've already lost enough money to understand what you are doing is completely wrong. In other words, you start to realize that you do not know. Then you start reading everything you can find on trading. You start to learn technical analysis, thinking that you have found the Holy Grail. You memorize all the known model. You'll know what the ADX, Moving Averages, Fibonacci, pivot points, MACD, Bollinger Bands, canals, etc.