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What makes one a Professional Trader?

Adrierin
May 28 2019 at 06:01
24 posts
One becomes a professional trader after using a real account for some time time, mostly more than one year, with consistent profits. It takes patience and determination to achieve this, and a lot of hard work to sustain that success. Trading discipline and proper risk management also matters
AmDiab
May 29 2019 at 11:57
718 posts
Even I think, one year is not enough; because almost all of the new traders start their trading with zero background! So, it’s quite impossible to build a good trading skill within a very short period of time.
Imamul
May 29 2019 at 12:37
719 posts
the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.  
Wiame (Baazex)
Nov 27 2019 at 11:37
45 posts
A broker must have excellent knowledge of the market as he is the one who is suppose to invest money either he can take the trader or investor towards money loss, he must have legal and professional knowledge as less knowledge is more dangerous transparency is a must for a long term business relationship.
Revenue is vanity, profit is sanity, but cash is king
AniLorak
Nov 29 2019 at 08:09
920 posts
Baazex posted:
A broker must have excellent knowledge of the market as he is the one who is suppose to invest money either he can take the trader or investor towards money loss, he must have legal and professional knowledge as less knowledge is more dangerous transparency is a must for a long term business relationship.

Whatever, traders trading knowledge is the key; brokers can ensure a good trading environment; but till now without own trading knowledge, there is no way!
saturdayresearch
Nov 29 2019 at 09:34
9 posts
Broker is just access to the market. Do not trust any trading education they provide. It is all about price and execution
Adribaasmet
Nov 29 2019 at 13:25
994 posts
saturdayresearch posted:
Broker is just access to the market. Do not trust any trading education they provide. It is all about price and execution

I see; brokers mainly offering very basic education! No way to rely on the basic, never & ever!
tacet
Nov 29 2019 at 19:48
57 posts
A professional trader is the one who has a financial services licence or legal opinion in the operating jurisdiction. Having a licence doesn't mean he or she was/is/will be a successful trader... But having it you can call yourself or be called a pro - without it you are an amateur even if you have millions in profits from trading... This is the answer from a legal point of view. Full stop.
every beautiful garden has a strong hedge around
AniLorak
Nov 30 2019 at 07:18
920 posts
saturdayresearch posted:
Broker is just access to the market. Do not trust any trading education they provide. It is all about price and execution

Even I see; nowadays many brokers offering trading signal service; really strange!!
Matthew (Bernfeld)
Dec 04 2019 at 10:46
12 posts
To become a professional trader, you must learn trading basics and advanced basics. Once these are mastered, you can learn proven strategies and gain experience in implementing them.
vontogr (togr)
Dec 04 2019 at 11:59
4862 posts
tacet posted:
A professional trader is the one who has a financial services licence or legal opinion in the operating jurisdiction. Having a licence doesn't mean he or she was/is/will be a successful trader... But having it you can call yourself or be called a pro - without it you are an amateur even if you have millions in profits from trading... This is the answer from a legal point of view. Full stop.

I am afraid you are right. You can pass the test and get license.
Yet it is based on teheoretical knowledge of tems you actually do not need.
It has no relation to your trading skills. So even cerified tradercan be a loser.
IMHO professional trader is the one who follows trading plan and who has stable and proven results.
AniLorak
Jan 03 2020 at 13:46
920 posts
Bernfeld posted:
To become a professional trader, you must learn trading basics and advanced basics. Once these are mastered, you can learn proven strategies and gain experience in implementing them.

Strategy is the key! No one can make consistent money here without having a proper game plan! But, here there is no way on following others call!
Jonny87
Jan 31 2020 at 06:56
34 posts
Every traders want to make profit from the forex market. Making profit is not easy at all. Those who has enough knowledge about the market and the trade can make profit.
Marketmultitool
Feb 01 2020 at 14:32
69 posts
Cutting losses early and letting winning trades run
Knowing when to increase lot size and when to use minimum

Many more
Strength and honor.
Dariusz (Dariusz54t454)
Feb 26 2020 at 11:54
17 posts
CaptainVita posted:
A professional trader is someone who does it for living and dont need to do any other jobs to earn money for living. If you earn each month enough from trading so that you can pay all of your bills than youre a professional as well. Thats the simple difference between professional and non professional.

Im a amateur but i think its true that pros are not interested in making their 'secret recipe' public. Its like coca cola dont make its recipe public because its their business to make money with that.

Thats why i dont believe anyone whos selling robots, training videos, signals or what ever and spiting big words about their products because if it would really work they would not try to make money with that because they simply dont need to make money with that. They would keep it for them self and instead making money with trading their 'secret recipe'.
I agree with you
Adribaasmet
Feb 29 2020 at 13:46
994 posts
Jonny87 posted:
Every traders want to make profit from the forex market. Making profit is not easy at all. Those who has enough knowledge about the market and the trade can make profit.

Knowledge is the main parameter! There is way without proper trading knowledge; pro trading skill is the must!
Imamul
Apr 18 2020 at 14:46
719 posts
Pin bar is really popular but not for beginners, it is especially for the senior traders who are able to predict the real faction of this market with certainly by means of candlestick. According to me , who are able to make profit consistency by using this pin bar trading strategy , only they are professional in Forex.
Dorigda
Apr 22 2020 at 07:51
83 posts
Those people who work every day, strive for their goals and always develop become a professional trader.
The Mad Quant (madquant)
Apr 22 2020 at 12:00
52 posts
I'd rather be called 'Profitable Trader' rather than 'Professional Trader'. :-)
Market Wizard (master800ve)
Apr 26 2020 at 23:42
43 posts
Zawiri posted:
A number of times i've seen comments on this site alluding that professional traders dont make their statements public; some talk on no solicitation for funds on such forums; some on the need for one to have more than 100 trades and so forth. But what would make one be considered to be Professional coz at some point many aspire to be! Share you thoughts here.

fxdimarion posted:
Consistent profit for at least one year, with low draw downs on a real account of course.

CaptainVita posted:
A professional trader is someone who does it for living and dont need to do any other jobs to earn money for living. If you earn each month enough from trading so that you can pay all of your bills than youre a professional as well. Thats the simple difference between professional and non professional.

Im a amateur but i think its true that pros are not interested in making their 'secret recipe' public. Its like coca cola dont make its recipe public because its their business to make money with that.

Thats why i dont believe anyone whos selling robots, training videos, signals or what ever and spiting big words about their products because if it would really work they would not try to make money with that because they simply dont need to make money with that. They would keep it for them self and instead making money with trading their 'secret recipe'.

I agree with fxdimarion and CaptainVita.
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