What makes one a Professional Trader?

Aug 02, 2015 at 06:14
10,006 Angesehen
233 Replies
Mitglied seit Aug 05, 2022   28 Posts
Sep 01, 2022 at 13:48
Always use broker comparison tool to know your broker before choose'em

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Mitglied seit Apr 14, 2022   34 Posts
Sep 02, 2022 at 05:09
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.
Mitglied seit Sep 02, 2022   15 Posts
Sep 03, 2022 at 07:21
Regular practice and revised trading strategies are what differentiate a trader from a professional.
Mitglied seit Feb 15, 2022   219 Posts
Sep 04, 2022 at 09:25
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.
Mitglied seit Aug 17, 2022   39 Posts
Sep 08, 2022 at 07:01
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.
Mitglied seit Aug 17, 2022   80 Posts
Sep 12, 2022 at 10:45
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.
Mitglied seit Sep 14, 2022   40 Posts
Oct 10, 2022 at 12:21
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.
Mitglied seit Jan 18, 2022   48 Posts
Nov 04, 2022 at 04:44
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.
Mitglied seit Feb 15, 2022   219 Posts
Nov 04, 2022 at 09:23
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.
Mitglied seit Mar 24, 2022   56 Posts
Dec 29, 2022 at 10:31
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.
Mitglied seit Nov 15, 2022   24 Posts
Dec 30, 2022 at 08:53
A professional trader is one who is disciplined and have control on the emotions.
Mitglied seit Feb 15, 2022   219 Posts
Jan 04, 2023 at 13:56
Forex trading without indicators is like being on the sea without a boat or a ship. Indicators help traders understand the market movement.
Mitglied seit Jan 03, 2023   5 Posts
Jan 04, 2023 at 18:24
A professional trader is someone who has the knowledge and skills to consistently make profitable trades in the financial markets. They also have a strong understanding of trading strategies, risk management, and market analysis. Professional traders are able to identify and capitalize on opportunities in the markets, while minimizing their risks. They also have the discipline to stick to their trading plan and execute trades with precision. Professional traders are also well-versed in the use of trading software, such as charting platforms, technical indicators and trading bots. Ultimately, professional traders are those who are able to successfully navigate the markets, use their knowledge and skills to maximize their profits, and minimize their risks.
Mitglied seit Nov 29, 2022   40 Posts
Jan 05, 2023 at 06:20
Being a professional trader is about more than just making money in the market. It's about having the knowledge, skills, and discipline to consistently make informed and strategic trades. Moreover, it’s also about being able to manage risk and emotions, and having a clear understanding of your trading goals and plan.
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