What makes one a Professional Trader?

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.

Professionalism can only be achieved through hard work.

@Kazile you are right. It takes a heck of hard work to succeed and to become a professional and not just in this business of trading but in every other sphere of life.

Professionals are known to do lots of crazy things that amateurs think is a waste of time or find uncomfortable.

They don't settle for less and they keep grinding until they perfect their craft.

As a trader, you can get to the level of professionalism by working hard to optimize your strategy and system and your trading psychology that ensnares most traders.

To get there, you can start by keeping a trading journal to track every aspect of your trading then weed out areas you struggle with. Here are pointers - https://thetraderinyou.com/forex-trading-journal/

Well, when you are making money doing something - you are professional. That's the actual definition of the word 'professional'.
So if you are making money trading Forex - you are professional. Being professional doesn't mean that you will not do any mistakes - you will. Being professional doesn't mean that you won't lose any money. It just means - it's your profession, your job. That's all.

If you take this job seriously,
If your vision is beyond the buttons .
You are a professional.

The power of the dream with the correct plan is the primary system to play in your main success to a well built system in FX trading arena

the professional trader is a trader who know how to make money , actually money management is the core of this market place.

A professional trader is one who generates all of their income from trading

Discipline, planning, and a proven set of rules are the only ways an average person can become a Professional Trader.

To begin with, professional means the situation when a person earns their living with the help of some activity. It is something like what makes a professional footballer different from the amateurs: it is the fact that a professional football player's main income comes from playing football. So, it has nothing to do with skills or expertise. There are many bad professional sportsmen, actually. A professional trader is a person who earns their living through trading. I feel that it is pretty obvious to everyone that if they are able to provide themselves with the help pf trading, it means that they have enough expertise and skills to share. That is why the books which were written by professional traders are so popular and people trust them.

For me, a professional trader is not the one who earns huge profits but the one who has a deep knowledge about even the most basic things. Therefore, I believe that continuous practice is needed to become professional. One must be ready to enrich his knowledge constantly through learning. For that most traders utilise resources such as social media platforms, books or advanced trading courses.

BookZerp posted:
To begin with, professional means the situation when a person earns their living with the help of some activity. It is something like what makes a professional footballer different from the amateurs: it is the fact that a professional football player's main income comes from playing football. So, it has nothing to do with skills or expertise. There are many bad professional sportsmen, actually. A professional trader is a person who earns their living through trading. I feel that it is pretty obvious to everyone that if they are able to provide themselves with the help pf trading, it means that they have enough expertise and skills to share. That is why the books which were written by professional traders are so popular and people trust them.

Discipline, planning, psychiatry, good strategy, money management, risk management, if done properly, it is possible to become a professional trader.

Experience is the main thing that separates professionals from beginners. Professionals have been in the field for longer and during that time have had to find ways to identify their bad habits, better ways of doing things and even modifying their trading strategies in such a way that they are consistently profitable.

Being consistently profitable is what makes a pro trader. If you are consistent then go pro but if you are not then you are just another loser

Professional forex traders are the ones who trade with discipline & consistency, have proper risk and money management skills and have proper control on their emotions.

Professional traders are consistently profitable. Thats it, they are able to make a living from trading. There is a key difference though they are not consistently winning all the time they are profitable in the long run with losses accounted for imo

A trader can be called a professional if his/her income depends on their trading results. Likewise a sportsmen can be called a professional if he relies on the sports results.

Cenaya posted:
A trader can be called a professional if his/her income depends on their trading results. Likewise a sportsmen can be called a professional if he relies on the sports results.

If you're not a professional, you will not be successful. Professional does not mean you should take trading as a professional. It is about having the necessary knowledge and a mindset that is suitable for trading in forex.

Professional traders have a passion for trading. They enjoy the financial rewards of trading, and they thrive on success. A professional trader has a plan, knows their risk parameters, and sticks to a plan.