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What makes one a Professional Trader?

DonaldB (DonaldB)
Jan 02 2019 at 12:53
38 posts
The successful trader is a trader who has a different systems that work and it is possible to diversify the full amount between different trading accounts and systems.

BlueDino20
Jan 02 2019 at 13:33
13 posts
You can still achieve diversification with the same trading system. If you use that system on different FX pair (or even commodities), then you have diversification for each market. I would rather do that than have 10 systems trading EURUSD

DonaldB (DonaldB)
Jan 03 2019 at 13:50
38 posts
BlueDino20 posted:
You can still achieve diversification with the same trading system. If you use that system on different FX pair (or even commodities), then you have diversification for each market. I would rather do that than have 10 systems trading EURUSD


Sure...
But I meant a different systems that will trade in different market conditions and pairs. Sure, there is no reason to trade EURUSD by 3 EA that open trades simultaneously.
diversification for different markets is also a great strategy.

BluePanther (BluePanther)
Jan 06 2019 at 09:37
1354 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.


noun: professional; plural noun: professionals
1. a person engaged in a specified activity, especially a sport, as a main paid occupation rather than as a pastime.
synonyms: professional player, non-amateur, paid player; (informal) pro

2. a person competent or skilled in a particular activity.
'she was a real professional on stage'
synonyms: expert, master, maestro, past master, trooper, adept, virtuoso, old hand, skilled person, authority; (informal) pro, ace, whizz, hotshot, ninja; (informal) dab hand, wizard; (informal) maven, crackerjack; (rare) proficient
antonyms: amateur

It is a fine line between a 'professional' and an 'amateur': a professional is one margin call away from an amateur.

CheCheChe
Jan 07 2019 at 13:08
12 posts
Pro traders are very difficult to find. Most people claiming that they are pro are in fact just amateur. Pro traders usually keep to themselves and focus on earning money rather than telling every one how they trade and giving their secrets away

AmDiab
Jan 09 2019 at 11:07
718 posts
CheCheChe posted:
Pro traders are very difficult to find. Most people claiming that they are pro are in fact just amateur. Pro traders usually keep to themselves and focus on earning money rather than telling every one how they trade and giving their secrets away


On the other hand, pro traders are social media friendly; so it’s difficult to find out.

DonaldB (DonaldB)
Jan 10 2019 at 07:34
38 posts
Sociability is a character trait, not a criterion of professionalism.
I communicate a lot with different traders, including professionals who have devoted all their time to trading. People are very different.
Professionalism is efficiency.

Adribaasmet
Jan 13 2019 at 07:43
947 posts
CheCheChe posted:
Pro traders are very difficult to find. Most people claiming that they are pro are in fact just amateur. Pro traders usually keep to themselves and focus on earning money rather than telling every one how they trade and giving their secrets away


Correct! You are not going to meet any pro trader here and there! Besides, scammers are available here & there. In addition, scammers try to build up a fake image on social media by using their Photoshop skill.

jamesgwyther
Jan 16 2019 at 11:07
289 posts
To me a Professional Trader is someone who does this for a living, as their main source of income.

togr (togr)
Jan 16 2019 at 13:54
4862 posts
Only one thing makes professional trader. It is following trading plan.
Good trader also has good trading plan.

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