5 Steps to Mastery

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HOW TO PRACTICE Forex Trading Concepts:  5 STEPS TO MASTERY

By Tom

 


One of the biggest challenges you face whilst you sail your way through the uncharted waters of online trading concepts, is to stay true to your course of learning without being side-tracked along the way.

Every traders knows that you have to practice to gain improvement and fine tune the skill. The idea is simple enough, perform enough trades and you increase your potential to learn something to a level where you can perform it in an excellent way, and you don’t have to think about it too much.


Mastery Focus Formula

As you probably know, most traders never learn skills to this level, instead they stumble around at the lower learning levels where they think too much about what they are doing, and get a lot less than they expected.

Thinking and over analyzing gets in the way of doing, and you need to not only recognize this, you need to do something about it.

Tim Gallwey the author of The Inner Game of Tennis expressed it with his simple formula;


Performance = Potential – Interference.


Basically the formula says that in order to perform to your potential you need to reduce distraction.

The more distraction you have —the less you learn—the less you learn—the less you can do.

So the worst thing you can do is allow distraction (or interference) to occur in your trading environment. When you learn the concepts of trading, doing your analysis and trade the markets make sure you are in your traders’ zone, a place where you will not be disturbed for the entire duration.

Easier said than done right?

 

The Mastery Attitude

If you want to take your trading skill development to Mastery level where you can perform online trading under any type of pressure, you need to learn how to isolate each trade you execute from all other trades done, and give it the full attention it needs.

You see it’s not enough to just place trades randomly to improve your trading skills, this will never be enough to reach a Mastery level in online trading.

If this were the case, every candidate trader who take trades randomly would achieve Mastery over every skill concept they practice. Trading randomly is relatively easy to do, but analyzing and executing each trade with your full attention and intention is difficult to do, and is rarely practiced in our experience.

 

 

Every well analyzed trade has potential

Every time you start your trading station, open your trading platform it will be helpful to understand that each well analyzed and focused trade you take is filled with unique potential energy available to you.

What this means is that each trade of all the trades you do has the potential to do what you want. 

So your job is to analyze and execute each trade with a clearly defined purpose, that is, you will have a specific technical focus or a specific targeting focus.

You see each trade you are going to place – like going long (buying) or shorting (selling) the market is different, every time and in every way.

The click of the mouse button or the Buy or the Sell trade execution therefore becomes an extension of your intention, and your attention should be fully focused on achieving this intention or clearly defined purpose every single time.


 


“Don't think of what you have to do, don't consider how to carry it out!" he exclaimed. "The shot will only go smoothly when it takes the archer himself by surprise.”  

― Eugen Herrigel, Zen in the Art of Archery 

Eliminate Practice Demo Mentality

Typically when traders practice Demo trades they execute the trade with a ‘Demo Mentality’, rather than with a singular focus, trading success. 

They take many unplanned trades trying to achieve their practice goal, rather than executing that one trade with one purpose many times over to achieve their practice goal.

Can you see the difference?

A Master archer with a full quiver of arrows always has the mind-set of just one arrow to one target.

There is only ever One analysis -- One execution -- One target.


One analysis -- One execution -- One target.


We believe this ‘Demo Mentality’ is largely responsible for many advanced and elite traders who find it difficult to stay in the moment when taking trades in the live market with a real money trading account.

Because they have focused countless times on the many, they can’t focus easily on the one.

You should never have the attitude of just taking hundreds of trades randomly, rather, you should have the attitude of analyzing the market properly and executing one trade as precisely as you can, many times over, with full recognition that each trade your take is unique and requires your full intention and attention. “Be in your Traders’ Zone”


This is the Mastery Attitude, or going “Full Throttle.".


Mastery is Not a Mystery, its 5 Steps

When you isolate each trade from all trades done, and dedicate yourself to ensuring that you analyze and execute each trade in the skill concept as precisely as you can --many times over, you will move swiftly towards Mastery.

Remember this because it's important; the next trade possesses no memory. It responds blindly to your commands. It knows no future or past, it simply responds...

So if you could make between 5,000 and 10,000 trades starting today with full commitment to executing each trade with the attitude that this trade is the only one you will ever place coupled with accurate communication and support from your instructor team members, just imagine how much better you would be with every skill concept you practiced?

You would eventually train yourself and your skills to such a high level of competence that getting distracted in the live trading environment would be virtually impossible.

Study our simple and easy to understand Mastery model, The 5 Steps to Forex Trading Skill Mastery;

  1. Learn It
  2. Train It
  3. Test It
  4. Transfer It
  5. Trust It

 

We’ve developed this model at Forex College to guide our candidate traders through the skill change development process.

Use this simple model as your guide to help you understand the skill development maturation process you go through every time you learn a new trading concept.

 The 5 Steps to Mastery process will guide you from where you are today with your weakest and most important skills to Mastery. The stipulation is that this will only happen as long as you apply the Mastery Attitude of One analysis -- one execution -- one target and with a level of commitment and intensity like your life depended on it.

I guarantee you that with this powerful approach to trading improvement in the months ahead you will begin to experience a level of confidence and achievement far greater than anything you could have imagined or experienced previously.

So do it today and do it every time.

One analysis -- One execution -- One target, with the Mastery Attitude, and with The 5 Steps to Mastery process.


One analysis -- One execution -- One target

 

Happy trading,



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