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What makes one a Professional Trader?
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togr

Miembro desde Feb 22, 2011  4836 mensajes vontogr (togr) Dec 04 2019 at 11:59
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

Miembro desde Apr 18, 2017  885 mensajes AniLorak Jan 03 at 13:46
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

Miembro desde Aug 07, 2017  34 mensajes Jonny87 Jan 31 at 06:56
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

Miembro desde Dec 19, 2019  63 mensajes Marketmultitool Feb 01 at 14:32
Cutting losses early and letting winning trades run
Knowing when to increase lot size and when to use minimum

Many more

Strength and honor.
Dariusz54t454

Miembro desde Feb 12, 2020  14 mensajes Dariusz (Dariusz54t454) Feb 26 at 11:54
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

Miembro desde Aug 27, 2017  861 mensajes Adribaasmet Feb 29 at 13:46
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

Miembro desde Aug 09, 2017  520 mensajes Imamul Apr 18 at 14:46
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

Miembro desde Apr 15, 2020  68 mensajes Dorigda Apr 22 at 07:51
Those people who work every day, strive for their goals and always develop become a professional trader.

madquant

Miembro desde Aug 26, 2019  52 mensajes The Mad Quant (madquant) Apr 22 at 12:00
I'd rather be called 'Profitable Trader' rather than 'Professional Trader'. :-)

master800ve

Miembro desde May 22, 2017  27 mensajes Market Wizard (master800ve) Apr 26 at 23:42
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.

yippie kay yay mother f*****
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