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Continuing our guide to your journey towards becoming a trader.
Phase 4 – Realisation – I can do this!
Phase 4 is make or break – it is where you start to believe that you can actually do this and start seeking professional guidance and direction for you to emulate. This can be in the form of a system like Enigma Signal which does all the work for you, or via mentorship from another reputable organisation. You need someone to show you what to do, how to approach the markets and which strategies to use so that you can develop an edge. You also need to know how to handle profits and losses, risk management and trade management so that you can experience consistent profits. If you are in this position then it’s just a matter of applying what you learn diligently and correcting your mistakes on the path to trading mastery. You will then realise that the only thing holding you back from trading success is YOU!
You Don’t Have to go it Alone
The reason why most traders give up is because they try and do it all on their own. They don’t want to spend money learning how to do it properly and they listen to all the opinions and comments of others on forums telling them that they just need to keep applying themselves and they will eventually succeed. This is dangerous because if we study how traders become successful it is always as a result of learning from someone well experienced and never by trying to figure it out on their own. I’m not saying this to sell our software but simply stating the obvious – going it alone will lead to the highest chance of failure because you don’t know what works and what doesn’t. How do bank traders become successful? By going through a comprehensive training programme without which they wouldn’t be given a single penny to trade.
Phase 5 – Mastery
The final phase is Trading Mastery, where you are now able to confidently navigate the markets and finally able to make money consistently month on month. You are now at the point where you can take some profits out and spend it or pay bills with it or simply reward yourself! You are positive about your trading career and are happy about the future. You feel a sense of fulfilment at having achieved your dream of being able to support yourself or your family from your trading income. Even if you are not rich yet, you can see that all you need to do is trade with a larger amount of capital to get to your financial goals. Imagine what a great feeling that would be and how you would feel to be in that position!
Constant Dedication…
Trading Mastery requires constant dedication and accepting that you will be a life long student of the markets. You might be trading short term for income, long term for capital growth or swing trading but whichever approach you adopt you know the type of trader you are as well as your short and long terms outcomes. You accept that trading is a business and you take this business seriously. You look forward to trading with larger capital and may have even been approached by investors who have followed your progress and are now offering you capital to trade on their behalf. You accept that you will need to remain disciplined and stay humble in light of your increasing successes because you understand that your mindset is your most powerful weapon. You spend the majority of your time working on your psychology which is the hallmark of every seasoned trader.
Over to you….
So now where are you on your journey? Which phase are you currently stuck in? Hopefully this article gave you some insights into what you need to do to progress further and advance towards your goal of successful trading! If you need any help with any aspect of your trading then simply get in touch with us as there is nothing we love more than helping other traders to become profitable! You can also find out more about our auto trading systems which are delivering consistent profits to our traders and allowing them to realise their financial trading goals stress free. Email us as info@enigmasignal.com or visit us at www.enigmasignal.com.
