The first stage in forex trading happens in the early years of one trading career whereby a trader is making a hot chase after profits without being mindful of the risk being taken and at this stage, the more you run after the profits, the faster the profits runs ahead of you and in the process, the outcome is always the loss of money or the account. This stage is full of anxiety, emotion, and greed. Traders are always found jumping from one trading system to another.

The second stage happens after some years of an unpleasant experience in forex trading and this time around the trader learns from his mistakes a lot, he id more mindful of the risk in trading and he only trades when there is an opportunity for high probability trade. He makes provision for loss and accepts the loss whenever he has any. He concentrates on doing the right thing according to the demand of the market and the profit is running after him.

I think that this varies from one persont o another, depending on his or her personality and emotional attributes. While many beginners try to get rich quickly as they are still new to it all, there are also those who prefer to be cautious until they gain a better understanding.