After reading Piaget's Theory In Psychology by chance about Human changes in life along the first 11 years of each person life, somehow i found it a bit similar to the Forex journey each trader passing in the arena of Forex.
First year: The trader will be fascinated by charts & curiosity rise to learn everything about trends, & to learn Forex concepts and all Forex Grammar, it's the year of researching Forex online.
Second year: During the second year symbolic signs on charts become more mature in the head, & the trader start to apply chart setups & use perfectly all Forex grammar & during this phase speculation and greed become super high & complex like you hear unrealistic targets for example Gold might reach 5000 & in that time traders make complex strategies where the chart become full of indicators & barley you see candles on chart.
Third year: It's when the trading concept all together reach final steps of maturity, yet trading is rigid like reinforced concrete where challenging the market is well seen on statements & where 99% of traders are stuck & can't lift them selves above that level of trading thinking... where they want to apply everything together as one & in one trade.
Fourth year: After many losing trades & burning accounts the trader become more realistic & start following risk management & realistic reasoning & applying fundamental to his trades with technical, knowing that all is connected in economy... where trading setups become as one context & the trader start trading in the present by controlling perfectly his open trades exposed in the market.
