I will start my first topic on this forum by given reason why professional traders are better than Ordinary trader.
In my on definition as a professional trader that have been trading for 15 years, traded with various Fund companies, A professional trader follows all the rules set for trading each day, but Ordinary Trader do not.
This is why professional traders makes profits week in, week out. Examples to say are;
Each day as a professional trader, before any trading for the day, you checklist your rules and follow it each time you place a trade, But ordinary traders don't take stick to rules.
Professional trader can wait patiently for the for several hours for the market to hit a lowpoint before placing buy, or to hit highpoint before placing sell,But ordinary traders tend to gamble with the market positions.
Professional traders can use 1 hour from several hours after eating for like 8 hours or more, and capitalize on that one hour to make all profits for the day, But ordinary trader can wast several hours gambling and losing money.
Professional traders accept loss at the bearest minimum, in otherwords we know when we are wrong and take loss, because that is part of trading, But ordinary traders do not accept when they are wrong, instead they keep hoping for market reversal in their favour, thereby taking in more loss than never should have been.
Professional trader are extremely patient, but Ordinary traders do not.
Professional traders uses risk to reward rations for each trades, like for me, for each one dollar is risk, I expect 10 folds in return, but Ordinary traders do no trade with risk to reward rations.
Professional traders are very mindful of Drawdown. I keep my Drawdown 10% to 20% maximum, But Ordinary traders don't keep those records.
Professional traders risk not more than 2% or below account balance to gain 10%, But ordinary traders risk 100%.
Professional traders know when to quit even though they can still be making profits, but Ordinary traders tends to overtrade.
I will stop here and wish you all GreenPips.
Francis. (Francis Zandar is a Professional trader and trading advisor to some private firms)
Oh really. There is a direct description of a professional cyborg, not a trader. And a trader can make mistakes and do not always do what is indicated in your list. Will a trader stop being professional in this case? lol.
I find that patience is such an important factor and separates the pro from the joe. Most traders want to trade 10 times a day and win almost all trades whereas a pro will wait for 1 or 2 trades a day at most and will expect to win on AVERAGE not every trade
Professional traders can control their emotions It is difficult for ordinary traders to control their emotions With the help of EA, ordinary traders can also make wrong judgments without being affected by emotions😁
The market always has unpredictable fluctationes，risk management is always the number one priority
Professional Traders are flexible and adaptable to the current market conditions. Risking 2% to gain 10% is possible in 2021 below, maybe from 2015. But 2022, especially today, 2% is quite a small risk to gain 10%. I agree, maybe a 20% drawdown can produce a 3% to 7% gain per month. But 2% to gain 10% is quite a tall order today. I am not saying it is impossible. Professional traders are just realistic depending on the market condition.
I agree @JakeRobins. Even if the trading style what will work for both professional and ordinary trader, same system, they will produce different results. There is a big gap as well, more than people can imagine, between a profitable trader and a professional trader.
ПРЕДУПРЕЖДЕНИЕ О ВЫСОКОМ УРОВНЕ РИСКА: торговля иностранной валютой связана с высоким уровнем риска, который может подходить не для всех инвесторов.
Кредитное плечо создает дополнительный риск и вероятность убытков. Прежде чем принять решение о торговле иностранной валютой, тщательно проанализируйте свои инвестиционные цели, уровень опыта и толерантность к риску.
Вы можете потерять часть или все свои первоначальные инвестиции. Не вкладывайте деньги, которые вы не можете позволить себе потерять. Ознакомьтесь с рисками, связанными с торговлей иностранной валютой, и обратитесь за советом к независимому финансовому или налоговому консультанту, если у вас возникнут вопросы.
Любые данные и информация предоставляются 'как есть' исключительно в информационных целях и не предназначены для торговых целей или консультаций.
Прошлые показатели не являются признаком будущих результатов.