Phases most traders experience
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Phases:
1. Intro to Forex
2. "Hey this is great!"
3. Study period, trying to learn everything in one night.
4. Open practice account
5. Minor success with practice account
6. Open real account
6b. "I'm going to make 1 million bucks in 1 month!"
7. Your first lost in your real account
8. Panic
9. Depression
10. Denial
11. Revenge on the markets
12. More losses
14. Account has shrunkin' to a small percentage
15. Reality
16. "This Sucks!"
17. You quit.
I did this to be humorous but, in all seriousness if you have a interest in the Forex markets don't quit. Learn more about yourself and your trading style and last but, not least find a Mentor!