4 Levels of Forex Trading Skillz

So like, back in the OG days of 1969 when my crew and I were vibing to The Beatles’ Hey Jude, this management big brain, Martin Broadwell, was all about the “four levels of teaching” to spill the tea on how to pick up a new skill.

Broadwell was chatting about teaching, but his 411 on skill levels blew up in the psychology and self-help scene. 🤓

These “levels of competence” are legit! Can you vibe with them on your forex trading journey?

Stage 1: Unconscious incompetence

Okay, so this might sound like some kinda low-key roast, but it just means that you still have no clue how clueless you are about the whole thing. 🤯

You’ve heard about forex trading and you’re like, “Just like trading stocks, right? I got this.”

You lose your gains on EUR/USD and then some, so you throw in an SMA to help you choose directions.

This cycle repeats until you realize luck was doing all the work. Oops! You might be in the red! Can’t even call it “education fees” since it taught you zilch about making consistent coin.

Stage 2: Conscious incompetence

This is where you realize that “easy peazy lemon squeezy” is actually more like “difficult difficult lemon difficult.” 🍋🤦

You’re still clueless, but at least now you know it and you’re hustling for that glow-up.

You study how each currency vibes with different econ stuff, and eventually, you find a strategy that clicks with your trading vibes and risk tolerance.

Yeah, you’ll probs faceplant a few times and burn accounts, but the lessons will stick this time.

Stage 3: Conscious competence

By now, you know what’s your jam and what’s not.

But even though you’ve got some sick skills for profits, you still need conscious effort to keep it lit. 🚀💡

You might be sitting on a library of profitable plays but still consult your trading diary to find the right moves.

You’ve got strict risk rules, but it’s a struggle bus when fear and greed creep in.

Your trading diary is your ride-or-die. Now, though, you’re all about that execution glow-up over just scoring dubs ’cause you know losing can still be lit if played right.

Stage 4: Unconscious competence

Bro, you haven’t knocked yourself out learning discipline lol.

In “unconscious competence,” trading is basically your autopilot now. ✈️

Picking a Netflix show takes more brain power than positioning trades and cutting losses.

You know your system so well that you can tell when it’s wigging out and needs a glow-up.

This stage is all about letting habits guide your moves. Scoring consistent profits is second nature now. 🍀💰

Competence is NOT mastery

Kinda like nailing a few skill moves doesn’t mean you’re World Cup material, just being a competent trader doesn’t make you an elite trader.

To take those stacks higher, you gotta push boundaries harder, learn a little faster, and practice way more chill.

But that discussion’s for another hangout. Where are you chillin’ right now in your trading quest? 🤔