Forex trading is made up of several phases, each of which has its own set of rules and procedures. The first phase is the pre-trading phase, which involves researching the market, identifying trading opportunities, and setting up a trading plan. The second phase is the trading phase, which involves opening and closing trades, managing risk, and monitoring the market. The third phase is the post-trading phase, which involves analyzing trading performance, making adjustments to strategies, and developing new ones. Each phase is important in its own right and should be taken seriously to maximize profits.