4 STAGES OF YOUR FOREX TRADING JOURNEY (BEGINNER TO EXPERT TRADER!)
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- Опубликовано: 16 май 2018
- Your forex trading journey explained in 4 stages. Every expert forex trader started off as a forex trader beginner. That's the same for my trading journey.
Most people quit at the start of the forex journey. You can'texpect to be the best forex expert or forex trading expert just after a few months. If you want to get into forex trading long term , you can't just stop half way on your forex trading journey.
If you want to become a forex expert, you've got to put in the patience and hard work so that you can be one of the top 1% of trading experts.
The forex trading process is going to be hard at the start of your forex trading journey, but that's just the same for any industry that you pursue. There might be forex trading youtube videos who teach you how to get rich quick.
But i just don't believe in that. To become an expert forex trader requires you to keep trading and learning from your mistake. To become an expert trader requires you to do the hard shit when you're still a forex beginner.
The journey of a trader is not easy, but it's going to be worth it in the long run.
MASTERING TRADING PSYCHOLOGY VIDEO:
• 3 Tips to Mastering Fo...
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Singapore youtuber profile:
Karen is Singapore Forex trader, Singapore motivational speaker, Singapore youtuber, Singapore vlogger , author and was ranked #1 in a Singapore nationwide Forex trading contest.
This trader vlog showcases the trading lifestyle and entrepreneurship life, plus weekly motivation for those that are not traders.
It's also a Singapore vlog where most of the shots are done in Singapore. She will also be bringing you around the island to explore Singapore.
Karen is a motivational speaker based in Singapore and Malaysia and delivers talks that touches the heart of her audience members.
She is a motivational speaker that is well sought after by many schools and event planners as she is known for solving several teenage problems as she has experienced many setbacks as a teenager back then.
Email: karen@karen-foo.com
Website: www.karen-foo.com
Facebook: / karenfoospeaker
Instagram: / imkarenfoo
MENTORSHIP PROGRAM ONLY FOR SERIOUS HUSTLERS : bit.ly/2qkIvRj
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Music Credit:
Adventures by A Himitsu / a-himitsu
Creative Commons - Attribution 3.0 Unported- CC BY 3.0
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• 4 STAGES OF YOUR FOREX... Disclaimer:The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.Investing and trading is a high risk activity and should be approached with caution. I am not a certified financial advisor. Hence, it is important for you to seek a certified financial advisor to craft your portfolio.
I Love this humble and intelligent woman. When u take care of the risks, profit will take care of itself. You're a Genius!
I appreciate your compliment
As a beginner, i study hard i listen to karen and make a mistake and try again.. Until i came up with my own system and i can analyze the chart better and have a profit.. Just don't loose hope.. Mistake will come be prepared.. And hands down to this amazing teacher karen foo, you are the best.. Absorb every words and lesson and slowly you will see progress. ❤👍🏻
So nice of you to say that :)
Cheers for this, I have been researching "what is a forex trader" for a while now, and I think this has helped. You ever tried - Harperzon Forexify Equalizer - (should be on google have a look ) ? Ive heard some pretty good things about it and my brother in law got excellent results with it.
yes, that is how it should be done.
Entering into stage 4 at the moment and it feels like a weight has been lifted off my shoulders after 3 1/2 years of self reflecting and struggling with my mentality and emotions. This past month alone has been my best month so far with no emotions. Just like you said I felt the same when I took a loss then brushed it off and took 4 winners and felt nothing at all. Great content! It's very true!
Haha only experienced traders can relate to what I said. All the best to you
Stuck in the stage 2 after 3 months of trading in stocks, every points you said about stage 1 and 2 is so true. My aim now is to breakeven my lossing streaks, which I don't know how long it will take, but definitely wouldn't give up. This video is so useful for me. Thanks Karen!
You're welcome Kareine. I'm glad that this video helped clarify some things for you. I wish you all the best!
Karen is a real trader. Not like some other self -proclaimed ones with no financial training
Love this video, you have a great personality. I'm currently at stage 2, I'm focusing on what works for me and what doesn't and my mental state towards trading
I love listening to you.. I am in stage 1. Taking slow pace with a mindset of learning
Stage 2. Working on strategy, emotion control and and learning terminology and understanding of candles.
All the best to you
Am just watching this video now..i must confess this is what i really need right now,because am still in stage one and making a lot of mistake...THANK YOU SO MUCH BECAUSE THIS VIDEO CONCERN ME THE MOST,GOD BLESS YOU...
You have not idea how blessed we are to have you teaching us the way, thank you so much for every single one of your videos Karen!
This video was very helpful, it let me know where I am in my learning process. I’m in stage 1 but very encouraged by your video. Thank you Karen. You’re the best.
❤️
Thank you 👏 i feel discouraged yesterday. I'm just like everyone else 😬 at stage 2 currently
Sister Karen Foo, Thank you so much for this video. You know exactly what you are saying, and this video made me to respect you more. I started my career as a forex trader since April 2021, and after buying courses and reading books for nearly 2 years, i was already asking myself if this trading thing would work? But then you give me hope like you know my story. from your explanation on this video, shows that i have pass through stage 1 to stage 2 of my trading journey and i already see myself moving to the intermediate stage (stage 3) by the end of 2023. Watching this video the last day of 2022 is a blessing to me, I wish to come and read this comment years later when am on my stage 4. I wish you all a prosperous 2023
I keep this video in my list so I can refresh myself over & over again.
Great Video Karen! Thanks! I just started 3 months ago. Read 2-3 books and traded with very small size (wise) to larger size trades than I could have tolerated mainly to return my losses (revenge trading). Now I stopped trading, revised my attitude, and started just with EURUSD with very small size of trading. You are always right! To Pass These Great Steps Need to Be Patient, Educated, and Not to Trade for Making Money (Initially) But to Learn How to Follow the Rules in Practice. Eventually, I can imagine how sweet it can be to be a manager of our time. I love FOREX. I Realized that FOREX is not hard at all. However, We make it hard by being impatient, greedy, and fearful. Again Thank you for your productive videos. :)
You're welcome. I'm glad you like the videos so far. ❤
As always, thank you fpr your time. I appreciate a lot of what you are doing.
Always honest advice here ;) love listening to these videos really puts things back into perspective !
Glad that you like it 😊
Hi Karen, I came across your videos and I like your presentation. I am at stage 2-3 now. I am starting to journalizing my trades . I will be watching more of your videos
Thank you
Hi Henry. I appreciate your support. All the best to your trading!
i saw so many videos and definitely your knowledge it's amazing and i love it you don't lie you say truly everything
so now i can see were i am and were i have to consartret
thanks and you got one more subscriber
Thank you for supporting me. I appreciate it 😚❤
this made my best forex videos category of saved RUclips videos. Thanks for the wealth of info
You deserve more views and subscribers. Thank you for all the infos you share
Beautiful presentation miss Karen! Lovely
Thank you for your compliment, Nickson. I appreciate it.
Stage 3 ,, Its took awhile to reach this stage, Great video Happy Trading
Thank you Tim. Good to know that you are doing well. Happy trading to you too :)
Thank you so much your video is very helpful!!! I have knew myself
Karen after 9 months I feel i'm at stage 0 trying to graduate from here and get to stage 1. I tried to do it on my own and have stayed in stage -0 but after getting professional help with an amazing mentor i'm finally at stage 0 slowing inching to stage 1. I'll update you throughout my journey to stage 4. I wont give up! Thank you!
Thanks Karen, still at blowing accounts, God bless you Karen for the good job.
Learn from the mistakes..!! that's the most powerful advice ever..!! thanx karen
You're welcome
I almost skipped stage 2 & 3. Thank you so much Karen
Hi Karen, I've just discovered your RUclips. Your attitude is similar to my mentor, I'm at stage 2 with clear visions of learning as much about mindset as I can. I want to be trading full time by this time next year. Building my foundation is vital, cheers, from Ireland
Hi Lawrence. Thanks for supporting my youtube channel
1st to 2nd . . .. stage
i am improving my stage by watching ur videos
All the best to you!
I am in stage 2..thanks for the video..
Really enjoy , I am in stage 2 but nearer to a stage 3!!!ANALYSE DAILY EVEN I AM NOT IN TRADE!
Hi Karen. Thank you for this tutotial video. I am a beginner. I am on the first stage. You are right I am overwhelmed with so many info. Need your advise. Thank you and God bless
great video. I'm in stage 2, working on moving to stage 3
Thank you. All the best to you
Fantastic presentation and amazing knowledge,with your expert knowledge i see myself growing gradually through all the stages.
May God Almighty be with you all the time.
Thank you so much for your kind compliment
Thank you Karen nice explanation
I was about to join a forex trading competition and then I remembered this video. This will serve as a reminder for myself. Great video Karen.
Thank you. I'm glad it helps
I m trading now and going through same phase,thanks for motivating us.
I'm glad to know I'm expert at something at least. Great way to frame it. Keeps one going to further progress
Stage 3 working towards stage 4. Finally hitting my monthly goal of 6% so far but even now I got a lot to learn still. Thanks Karen!
You're welcome . All the best!
I just accepted the truth that I'm at the intermediate level right now 😊 and happy that I'm growing day by day . I'm saving this video and I'll let u know for sure when i grow up to advance and then expert. ☺️
I have been through all those stages. I am not an Expert, but I am getting there.
I am there on the winning and losing trades. It is nice.
very informative thanks.
Hello Karen I am from Assam India. Right now I am in stage 2. I have been constantly working on Risk management from few months. I am an index F&O trader from the beginning. I personally prefer it for it has high liquidity. I am now somehow trying to come to breakeven from previous loss. Your candlestick videos helped me a lot. Plz make more videos on potential reversal patterns. Thank you so much for your videos. God bless you.
Sounds like true information. Thanks for sharing.
Steve Smith You're welcome! :)
Thanks Karen. Scary but true. Been through that in textbook fashion. Aloha! Great video!
Haha textbook fashion. Interesting! Thank you for your compliment. And you're welcome.
Great strategy. I am using the strategy and the result is amazing. Thanks.
I am a beginner first stage I am learning from you and I will never give up my passion, once I become a pro trader I will mention you as a mentor
stage one blowing accounts every now and then but im learnig from your videos and my mistakes
I'm glad my videos help
Great Stuff, Keep It Up.
Thanks Karen, I’m at the end of stage 2 actually. Definitely not giving up, I have a strong passion for trading, always have. Colleen
All the best!
Love your video Karen slowly getting a grasp on the whole fx world through your videos. Started in august 2017 and I've forgot how many accounts I've blown already. Lol. My next deposit will be the last one bc I won't blow the next one! Greed is out of my system now, Thanks Karen!
Hey Abdur. Thank you for your compliment. I really appreciate it. It’s fine to blow accounts if you learn from it. All the best to you
Stage 1. Started with stocks then crypto. Have blown accounts in crypto and now Im trying forex. Its not good jumping from one market to another. Ill be settling with forex and get as much knowledge as i can. Had been studying. From candlestick patterns, market structures, harmonics etc.. etc ( info overload. 😆) The more i repeat studying these stuff, the more I get it. But you have explained it very clearly that it sticks in my head. Now i know where I am lacking. Risk management and fundamentals. im slowly digesting your videos about fundamental analysis. Im determined to reach stage 4 and I'm willing to go to all these stages.
Hi Karen..i’m new at forex trading…(not even a month)…my question is how long does take for normal trader to move from stage 1 to stage 4? I love the way you teach. You’re truly a master trader. Will keep on listening to ur videos everyday😍
Hi karen , thanku for making such kind of video, it helps me a lot, learning from u, love from india 🇮🇳❤
I feel I am at stage 3 right now. Been in the markets for the last 3-4 years, completely relate and agree with what you said. i am able to generate good roi consistently and stuck to my own system since a long time. The No emotion thing in winning and losing has almost been conquered as once the trade is done i have the same feeling but when it just starts going in my or the other direction when i put in the trade, i do get a happy/sad feeling(still working on this). practicing more and more with slowly increasing capital and gaining confidence. Still cant explain all the complex things simply, questioning the rules and understanding each concept in depth for that.
It's all so true I learnt from my many mistakes and keep it simple now to when and when not to trade. At intermediate level
All the best to you
Hi Karen, I'm at stage before 1 which means I haven't started, I have been studying trading for the last 3 months or so and I am about to open an demo account or maybe a few demo accounts, because I plan to demo for 3 to 6 month's, for what I have learned so far I feel I could start trading now with a smaller account, but I don't plan to go through stage 1 or stage 2 if possible, I am not in no rush I just want to learn and practice first. I must agree I have been overloaded with information and trying to pick the best information what's out there in the world, but since coming across your video's Karen I have not even bother looking elsewhere for tuition, because you videos are so good and full of experienced information and your style is maaaad shit too. Thank you for sharing your experienced knowledge with us all, its well appreciated.
You're welcome. I'm grateful for your support. I appreciate it
Another great video. Thanks Karen
You're welcome TJ. Glad that you like it.
Learning ta by practical trader is must ,,good
Which stage are you at right now and what are you working on to get to the next?
Karen Foo, man this really is a tricky question, pal. In bodyguarding it's complete. But in trading I think the realistic expectation. Make more in the long run.
Karen Foo, oyeah William and Rory are in jail YAY!!!! The kept trolling my cellphone number. They evrn tried to clone my number. Lol. Morons.
Stage 4.When you have polished the technical and fundamentals analysis skills,take a step forward and start mastering psychological aspects (Example: trading without emotions) of trading.Test your skills in competitions and see how well you compete with real traders worldwide.When you are trading live and making consistent profits,you are moving towards the 5-10% of profitable traders.
Stage 1 I think. you are amazing Karen, just amazing
Great vedio brother.
At first stage ..
A bit Busy in MBA....
#Best broker + trading platform#
Waiting impatiently.♡
Spot on baby!!!
thank you again for a great video. I am on stage 1 :)
KP. You're welcome. And thank you for your compliment. Stage 1 is happy learning time :)
Heeya Karen, thank you for the above video and I am at Stage One now, I am trying to cope my emotions and indeed, I've blown my first account. I am being super careful now and tend to think clearly, though I am now back on a demo account just so I can sure. Also you are right about getting the info overload, please could you guide me to the right path? I wish to learn, slowly but surely.
Thank you so much and God Bless!
Just got introduced to Forex trading and have being to three meeings by those who invited me. So the stage I am in right now is pre beginner; but I would want to join up the early next month.You have helped me make up my mind through your videos. Thanks
Cyril. You're welcome. just make sure you choose to learn from the right sources because there are a lot scams especially in the finance industry . All the best to you!
Hi Karen I'm Merriam watching from South Africa. Your videos helped me to avoid blowing my account and to challenge my broker from what I learned from you.You are the best.
I'm glad it helps.
Great video Karen it’s gives a reality check (:
Thank you for your compliment, Bunny. I greatly appreciate it.
thanks again Karen great video
You're welcome!
Information overload is real in all situation including cooking recipe 🤪
I want to say stage 1-2 but I don't think I'm out of the 1. Just doing a better 1 than the older 1's. Definitely more aware of the risks involved and more hard on the reasoning behind taking a trade. I'll continue improving.
4 always learning
Keep it up :)
Am just a bigginer trying to catch with Kate's teaching, I think she's got what I need
No idea who is kate
Still at stage 1 but I've made good progress..👍🏽
Keep it up
I admire you Karen. Can you make a video on how to go about stage 1 for beginners(steps)
Stage 3. Working towards zero errors and consistency. So that I can get to stage 4. But I think multiple times of 100% per annum is more than possible...
All the best
This is so true
Stage 2. I am trading with $2500 live account. Struggling a bit, but gamely. I am enjoying your videos. Lots of gems of information there. Thanks you Karen. Also, being a female trader myself, you are an inspiration.
You're welcome. Thank you so much for your kind compliment ❤❤
Hi Karen!Love your videos.
I'm glad that you like it
well phycology and risk management I like trade full time also I paper trade never stop paper trading until you get all your strategies down
Occie. Well said. All the best to you in your trading :)
Great content!! Thank you...
You're welcome
Keep revisiting this video to see where I am haha. Currently in stage 3. I show some characteristics of 4 but dont have the capital yet to say I’m one.
I used to wonder how a profitable trader could end an entire year in the negative but it made sense when my account grew. The trades get bigger and loss streaks.
Great video
your message is very true and very realistic
Thank you
Could you please make a video on tips how to move up to next stages and what not to do?
"Gut Feeling," comes from lots of experience.
I have only been Forex Trading for 21 months, I have lots to learn.
I am learning.
Thank you.
I like your belt buckle.
Haha, this video didn't show my belt though :p
Many of your other videos do show your belt buckle.
You are good.
Thank you.
@@KarenFoo
Love your vids Karen slowly getting a grasp on the whole flex world through your videos. Started in august 2017 and I've forgot how many accounts I've blown already. Lol. My next deposit will be the last one bc I won't blow the next one! Greed is out of my system now, Thanks Karen!
Bud. It's fine to blow many accounts as long as you learn from it. Thank you for your compliment. I wish you all the best in your next trading account! :)
I feel you Bud it's all good
big big lesson here.
Great Video:)
You are truly realistic, you reminded me all the mistakes I made
Glad I could help
Coming up next ... so cute..😚
Stage 1, account just blown 🙌, working on stage 2
Nice video I am in stage between 2&3 ,taking sometime trade before giving signal out of fear of missing out,what to do?
I’m on stage one thanks
Hi Karen i am on stage 2 target to break-eve my capital, now continuing watching your video... thx and more power
You're welcome. All the best!
@@KarenFoo yes your right when to said that trading is lose some friend and social live but i want my dream.... so i do this with your videos..... thanks for guiding us using your channel.
@@rslagmay5934 you're welcome. Thanks for your support too
Thanks!
Wow thank you so much for the coffee money :)
sorry today only I got your vidoe 1st time looking at your vidoe really great and clear I like it
Thank you
Thank God for closed caption 🤣
Good Stuff !
awesome content,,,,,,thankx
elpradator1 Thank you for your compliment. You're welcome :)
she speaketh the truth thanks for sharing
You're welcome, Devon. Thank you for your compliment.
This is true... Very true
😎👌