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What makes one a Professional Trader?
Miembro desde Jan 03, 2022
posts 9
Jan 18, 2022 at 01:40
Miembro desde Jan 26, 2013
posts 73
OriginalPointer posted:cgasucks posted:
To me, a professional trader is one where his/her primary (and sometimes only) income is derived from the profits of his/her trading.
And that income must come directly from their trading not 'forex education' etc?
If you teach others how to trade and make all of your income from teaching, then you're not a forex trader, you're a forex educator.
Integrity is the seed for achievement. It is the principle that never fails. - Earl Nightingale
Jan 20, 2022 at 05:03
Miembro desde Nov 03, 2021
posts 53
For me, a professional trader is not someone who makes oodles of money day in and day out. Traders who are professional in their approach, consistent in their efforts, follow their plans, strategically take every move, stay disciplined, don’t chase money and try to learn lessons from their failures are professional traders.
Miembro desde Jun 07, 2021
posts 72
Feb 04, 2022 at 05:44
Miembro desde Jun 07, 2021
posts 72
Qualities like the following make a professional trader:
Patience - Waiting for the right moment to enter or exit a trade
Emotion control - Controlling anger, fear and other emotions while making decisions
Knowledge - Being up to date with the latest available information and news
Practice - Trying every piece of knowledge in demo trading
Patience - Waiting for the right moment to enter or exit a trade
Emotion control - Controlling anger, fear and other emotions while making decisions
Knowledge - Being up to date with the latest available information and news
Practice - Trying every piece of knowledge in demo trading
Miembro desde Aug 10, 2021
posts 178
Feb 04, 2022 at 14:10
Miembro desde Aug 10, 2021
posts 178
There are some forex signals that can be profitable for you, there are some that are at least 70% accurate, you should know the test and understand if the signals are worth your trust before you take them. So it's better to use the signals on a demo account first or to learn from a professional
Miembro desde Mar 01, 2018
posts 43
Feb 04, 2022 at 15:37
Miembro desde Mar 01, 2018
posts 43
Protecting capital and keeping dd down is more important than the monthly percentage. I want to clarify an important thing for everyone: investors should be aware of the risks of the currency market and the high volatility that occurs daily. Our advice to everyone: invest only money that you can afford to lose
Have your trading charts ready!
Miembro desde Mar 01, 2018
posts 43
Feb 04, 2022 at 19:35
Miembro desde Mar 01, 2018
posts 43
Patience – is one of the essential qualities that a successful trader must either have or learn over time. It is the lack of patience that forces us to rush into wasteful trades that often lead to unnecessary losses. The fact that there are always plenty of opportunities in the market worth waiting for is being realized by myself always :)
Have your trading charts ready!
Feb 05, 2022 at 07:32
Miembro desde Dec 09, 2013
posts 139
Zawiri posted:Consistency makes someone a professional trader. A trader must be consistent and able to handle the pressure of market. This market is never perfect. It is a game of probability. Thus, a trader is bound to make losing trades. He has to know how to deal with those losses as well.
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.
Miembro desde Jun 21, 2021
posts 33
Miembro desde Feb 07, 2022
posts 9
Feb 08, 2022 at 00:08
Miembro desde Apr 03, 2021
posts 470
As long as you can make consistent profit in forex trading, you are already professional, but professional I think they not only work in one investment type, they will diversify the portfolio to balancing strategy investment, there is a portion for forex investment, there is a portion for investment in bonds, mutual funds or treasury, crypto, etc.
Miembro desde Aug 10, 2021
posts 178
Feb 09, 2022 at 02:01
Miembro desde Aug 10, 2021
posts 178
The forex market is not something one can just jump into without good knowledge about how it works. While sometimes one can gamble on it and become rich, one can also gamble and go bankrupt. Getting rich through forex trading requires a total understanding of the market.
Miembro desde Jun 26, 2020
posts 327
Miembro desde Jan 22, 2021
posts 125
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