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What makes one a Professional Trader?

Saithidor
Sep 01 2022 at 12:31
27 příspěvků
I'm sure I can name the main signs of a professional trader.
1. Forex is the main job. CFD trading brings a trader as much money as he needs for a good life.
However, he keeps increasing his professionalism.
2. A professional trader has a less than 10% drawdown. This is a must.
3. All professional traders know how to use all analysis and trading tools including different trading platforms, indicators, advisors, robots.
4. This person constantly watches financial news and must know what is happening in the world. In addition, this person knows how to use any events for their own profit.
jiangq
Sep 01 2022 at 13:48
28 příspěvků
Always use broker comparison tool to know your broker before choose'em

Přílohy :

tobeygomez
Sep 02 2022 at 05:09
34 příspěvků
IMO, professional trader is one who knows how to keep their emotions under control and knows which strategy suits best for them to succeed in forex.
paulajen
Sep 03 2022 at 07:21
8 příspěvků
Regular practice and revised trading strategies are what differentiate a trader from a professional.
Marcolis
Sep 04 2022 at 09:25
219 příspěvků
This issue apprises us of selecting the right trading broker. We have to make sure whether the broker we are going to select provide high security of funding or not.
Nomocracy
Sep 05 2022 at 09:39
26 příspěvků
You don’t become a professional trader by reading about things that must be done. You have to test them and see if they work for you. If they don’t, you have to find those ways that work for you. You have to keep working on improving yourself as a trader and that’s the only way of becoming professional.
tyson_learner
Sep 08 2022 at 07:01
39 příspěvků
To be a professional trader you have to through many ups and downs, revise your strategies multiple times to find the best one which could give consistent returns in the long run. The most important aspect to be kept in mind is that you have to plan out the ways of managing risk well before it happens.
Cistern
Sep 09 2022 at 09:32
23 příspěvků
A professional trader is someone who stands out from the rest and earns consistently with the help of their knowledge, skills and experience. They will have a greater level of wisdom which allows them to stay profitable as a trader. They will be flexible and adaptable to the changes that happen in the market. They will always take responsibility for their wins and losses as they make constant efforts to improve further just like a true professional.
electrica333
Sep 12 2022 at 10:45
62 příspěvků
I feel the professional traders have these following unique traits:
1. They know the difference between fake breakouts and reality.
2. Loss cutting.
3. Inquisitiveness.
4. Simple and clear planning .
5. Realistic.
Catice
Oct 07 2022 at 11:35
21 příspěvků
A person whose primary occupation is trading is known as a professional trader. He is well-versed in the art of making consistent profits through trading and possesses the relevant skills and knowledge.
leon90
Oct 10 2022 at 12:21
40 příspěvků
Professional traders always manage their risk well. Trading alone means that you are doing everything for yourself.You need to make sure that you are trading a consistent, small amount of capital on each trade.
Quercine
Nov 04 2022 at 04:44
48 příspěvků
In my opinion, I think a trader becomes professional when he gains control over his emotions. Emotions play a vital role in forex. Trading with emotions such as fear of losing, causes anxiety. Emotions like anger of losing a previous trade causes the trader to over-trade and revenge trade, thereby risking losing more capital. When a trader is emotionless, he doesn’t let fear, greed, anger, and anxiety block logical thinking and analysis. Henceforth, traders become more efficient in making profits.
Marcolis
Nov 04 2022 at 09:23
219 příspěvků
Every trader should select a broker seeing whether the broker fulfills his requirements or not. Several brokers have restrictions in different areas of trading but here you are free with that broker.
Fandango
Dec 26 2022 at 09:47
26 příspěvků
Every trader has a different trading experience which means that you cannot be sure about what your trading career will turn out to be. You will have to keep working even if you are making a loss. So, use a trading journal to keep your trades in alignment with your trading goals.
klosspiece
Dec 28 2022 at 07:05
45 příspěvků
Controlling their psychology is what makes a forex trader turn from a noob to a professional. All of the emotions and feelings that a typical trader will experience when trading are referred to as trading psychology, which is a broad term. While some emotions like confidence, dedication, such as should be allowed to exist, others, such as anxiety, fear, greed, nervousness, and anxiety, should not.
Vomitoryy
Dec 29 2022 at 10:31
56 příspěvků
Fandango posted:
Every trader has a different trading experience which means that you cannot be sure about what your trading career will turn out to be. You will have to keep working even if you are making a loss. So, use a trading journal to keep your trades in alignment with your trading goals.
Yes, a trading journal can set things in motion and can help traders stay on the right track.
davesper
Dec 29 2022 at 12:28
134 příspěvků
It should be understood that most often professional traders very often analyze their work. It is important to understand that this is one of the most important aspects.
Eerid_219
Dec 30 2022 at 08:53
21 příspěvků
A professional trader is one who is disciplined and have control on the emotions.
davesper
Jan 01 at 13:49
134 příspěvků
To be honest, I cannot say that there is any specific indicator that makes a person a pro, or vice versa - a beginner. Much depends on the trader and the market situation.
almarose
Jan 04 at 12:21
17 příspěvků
electrica333 posted:
I feel the professional traders have these following unique traits:
1. They know the difference between fake breakouts and reality.
2. Loss cutting.
3. Inquisitiveness.
4. Simple and clear planning .
5. Realistic.
I feel simple and clear planning helps a lot to become an expert.
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