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What makes one a Professional Trader?

Klement Horacek (Klem)
Nov 24 2017 at 11:48
20 posts
GeorgeDow posted:
Its interesting that everyone here believes that he's right.
Perhaps it is.
Everyone is right and wrong at the same time.
Constancy is an uncountable concept. A year of stability? Why a year?
As everyone knows, the market becomes different over the years. What worked a year might suddenly stop working.
A small drawdown? the maximum is that he observes money management. But it has nothing with professionalism. Only numbers.
The psychological factor at the current moment is not the last criterion.

I believe the pro is someone who loses and learns on falls, he is the one who can quickly adapt to the market changeability. The permanence is different for any of us, even 4 months is already a good trading.

Hmm, ability to adapt rather refers to the personal qualities of each person, personality. Trading in any conditions is on the brink, because no one can know all tricks that the market can show.
Yes, the indicators of drawdown and average earnings are just figures that do not make anybody a professional. But here is the paradox ... Money is also just figures:) And what would we do without them on Forex?
What do you mean by the psychological factor of a professional trader?

Find the Holy Grail of Trade
Klement Horacek (Klem)
Nov 24 2017 at 11:48
20 posts
GeorgeDow posted:
Its interesting that everyone here believes that he's right.
Perhaps it is.
Everyone is right and wrong at the same time.
Constancy is an uncountable concept. A year of stability? Why a year?
As everyone knows, the market becomes different over the years. What worked a year might suddenly stop working.
A small drawdown? the maximum is that he observes money management. But it has nothing with professionalism. Only numbers.
The psychological factor at the current moment is not the last criterion.

I believe the pro is someone who loses and learns on falls, he is the one who can quickly adapt to the market changeability. The permanence is different for any of us, even 4 months is already a good trading.

Hmm, ability to adapt rather refers to the personal qualities of each person, personality. Trading in any conditions is on the brink, because no one can know all tricks that the market can show.
Yes, the indicators of drawdown and average earnings are just figures that do not make anybody a professional. But here is the paradox ... Money is also just figures:) And what would we do without them on Forex?
What do you mean by the psychological factor of a professional trader?

Find the Holy Grail of Trade
Klement Horacek (Klem)
Nov 24 2017 at 11:48
20 posts
GeorgeDow posted:
Its interesting that everyone here believes that he's right.
Perhaps it is.
Everyone is right and wrong at the same time.
Constancy is an uncountable concept. A year of stability? Why a year?
As everyone knows, the market becomes different over the years. What worked a year might suddenly stop working.
A small drawdown? the maximum is that he observes money management. But it has nothing with professionalism. Only numbers.
The psychological factor at the current moment is not the last criterion.

I believe the pro is someone who loses and learns on falls, he is the one who can quickly adapt to the market changeability. The permanence is different for any of us, even 4 months is already a good trading.


Hmm, ability to adapt rather refers to the personal qualities of each person, personality. Trading in any conditions is on the brink, because no one can know all tricks that the market can show.
Yes, the indicators of drawdown and average earnings are just figures that do not make anybody a professional. But here is the paradox ... Money is also just figures:) And what would we do without them on Forex?
What do you mean by the psychological factor of a professional trader?

Find the Holy Grail of Trade
Klement Horacek (Klem)
Nov 24 2017 at 11:48
20 posts

I believe the pro is someone who loses and learns on falls, he is the one who can quickly adapt to the market changeability. The permanence is different for any of us, even 4 months is already a good trading.
Hmm, ability to adapt rather refers to the personal qualities of each person, personality. Trading in any conditions is on the brink, because no one can know all tricks that the market can show.
Yes, the indicators of drawdown and average earnings are just figures that do not make anybody a professional. But here is the paradox ... Money is also just figures:) And what would we do without them on Forex?
What do you mean by the psychological factor of a professional trader?

Find the Holy Grail of Trade
George (GeorgeDow)
Nov 26 2017 at 07:42
68 posts
Klem posted:
GeorgeDow posted:
Its interesting that everyone here believes that he's right.
Perhaps it is.
Everyone is right and wrong at the same time.
Constancy is an uncountable concept. A year of stability? Why a year?
As everyone knows, the market becomes different over the years. What worked a year might suddenly stop working.
A small drawdown? the maximum is that he observes money management. But it has nothing with professionalism. Only numbers.
The psychological factor at the current moment is not the last criterion.

I believe the pro is someone who loses and learns on falls, he is the one who can quickly adapt to the market changeability. The permanence is different for any of us, even 4 months is already a good trading.

Hmm, ability to adapt rather refers to the personal qualities of each person, personality. Trading in any conditions is on the brink, because no one can know all tricks that the market can show.
Yes, the indicators of drawdown and average earnings are just figures that do not make anybody a professional. But here is the paradox ... Money is also just figures:) And what would we do without them on Forex?
What do you mean by the psychological factor of a professional trader?


Everyone has his own concept of psychological factor.
Someone thinks it's perseverance, someone thinks it's clarity of mind.
I consider not only a professional trader, but in general any. To trade, you need to understand that the market is not just a sell / buy game, profit / loss, it's a complex structure with its own character and rules that are on it.
And after that comes patience and the ability to wait where it's necessary.
A professional trader simply combines many factors.

And... it seems you've made a mess here ... posts are posting with a little delay after moderation, just you to know :-)

Klement Horacek (Klem)
Nov 27 2017 at 15:48
20 posts
GeorgeDow posted:
Everyone has his own concept of psychological factor.
Someone thinks it's perseverance, someone thinks it's clarity of mind.
I consider not only a professional trader, but in general any. To trade, you need to understand that the market is not just a sell / buy game, profit / loss, it's a complex structure with its own character and rules that are on it.
And after that comes patience and the ability to wait where it's necessary.
A professional trader simply combines many factors.

And... it seems you've made a mess here ... posts are posting with a little delay after moderation, just you to know :-)


Yes, I got a little confused, thanks :)
The market is one, but there are many of us. Rules are the same for everyone, but everyone takes them in their own way. Someone will say that there are people who move the market, I always answer that this market moves people.
You say that the market is a complex structure with its rules... Is it possible to say that a professional trader should know how the market is arranged, or this knowledge is incomprehensible. What is your experience?

Find the Holy Grail of Trade
AmDiab
Dec 28 2018 at 07:46
718 posts
fxdimarion posted:
Consistent profit for at least one year, with low draw downs on a real account of course.


Yes, consistency is the key! Without a consistent result it’s really tough to stay here for a long time.

thinkpad954
Dec 31 2018 at 13:33
9 posts
A professional trader focuses on the PROCESS, not the results. A professional trader knows how much he can make realistically without blowing his account up. A professional trader protects his mental capital at all cost. The IDERR method that helps you become a professional trader

IndiTrader
Dec 31 2018 at 14:43
11 posts
A pro trader is one that makes enough money through trading to support themselves. Even if they have a small account and make only $20,000 a year they are a pro to me. Much better than someone who claim are a professional but make no money from Forex

AniLorak
Dec 31 2018 at 15:19
920 posts
IndiTrader posted:
A pro trader is one that makes enough money through trading to support themselves. Even if they have a small account and make only $20,000 a year they are a pro to me. Much better than someone who claim are a professional but make no money from Forex


Basically, consistency is the main parameter; I am not interested to judge any trader based on the figure of financial sum instead of the profit ratios.

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