Forex Blog

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The 5 Steps to Becoming a Trader E-Book

January 23, 2012 by

As of today, the latest free e-book that was added to is “The 5 Steps to Becoming a Trader” by an unknown author. This extremely short (only 5 pages!) PDF e-book lists and describes the 5 steps of becoming a Forex trader. The steps are the fundamental psychological levels that are passed during the learning curve in almost any activity, e.g.: driving, sports, professional skills, etc. These steps are the following:

  1. Unconscious Incompetence
  2. Conscious Incompetence
  3. The Eureka Moment
  4. Conscious Competence
  5. Unconscious Competence

You’ve probably seen them before — whether related to mastering the Forex market or something else. Nevertheless, there are useful things to read and it’s interesting to try finding out in what phase you are now. Personally, I feel like I’ve entered the Conscious Competence level not so long ago. You can download this e-book for free:

If you have any questions, comments or suggestions regarding this e-book or about adding more free books to, please feel free to post in the comments below.

2 Responses to “The 5 Steps to Becoming a Trader E-Book”

  1. Anthony

    I’ve seen this posted on ForexFactory back in 2005, way before I first lurked there – a guy called “diallist” (iirc) posted it and credited it to the aforementioned unknown author, so it’s certainly older than that. Great site FF was by the way, lots of good stuff from the old-timers there and some newcomers too but unfortunately I feel they’re now being drowned out by dick-waving and self-endorsements.


    admin Reply:

    ForexFactory is a very nice forum. There’s a lot to learn and there’s a lot of useful experience shared there. Just have to filter through tons of nonsense. But that’s the problem of any forum :-).


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