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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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UPOZORNĚNÍ NA VYSOKÉ RIZIKO: Obchodování s devizami přináší vysokou úroveň rizika, které nemusí být vhodné pro všechny investory.
Páka vytváří další rizika a ztráty. Než se rozhodnete obchodovat s devizami, důkladně zvažte své investiční cíle, úroveň zkušeností a toleranci vůči riziku.
Můžete přijít o část nebo všechny své počáteční investice. Neinvestujte peníze, které si nemůžete dovolit ztratit. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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