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What makes one a Professional Trader?

Cenaya
Jan 13 at 20:30
7 príspevkov
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.

UweMoench
Jan 16 at 06:31
751 príspevkov
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.

skihav
Jan 16 at 09:12
801 príspevkov
Knowledge and work experience. I think these are the most important components of a professional.

Furbelows
Jan 17 at 06:09
21 príspevkov
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.

Seb King (sebking1986)
Jan 17 at 12:06
362 príspevkov
One that makes money from trading over the long term.

If you can't spot the liquidity then you are the liquidity.
ForwardX
Jan 17 at 12:31
25 príspevkov
According to me, consistent hardwork and dedication can always lead to you to the road of success.

croisssan
Jan 17 at 13:24
939 príspevkov
To be honest, it is rather difficult to imagine a characteristic that will instantly turn a trader into a pro. This takes a lot of time.

Midday Forex (cgasucks)
Jan 17 at 14:54
73 príspevkov
To me, a professional trader is one where his/her primary (and sometimes only) income is derived from the profits of his/her trading.

Integrity is the seed for achievement. It is the principle that never fails. - Earl Nightingale
OriginalPointer
Jan 17 at 17:53
9 príspevkov
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?

Midday Forex (cgasucks)
Jan 18 at 01:40
73 príspevkov
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
Telenergy
Jan 18 at 07:45
16 príspevkov
A professional trader needs to have the right mindset, follow a system that is profitable in the long run, have discipline, and be able to handle risk.

pipham
Jan 20 at 05:03
53 príspevkov
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.

Actinism
Jan 28 at 04:00
28 príspevkov
To become a professional trader, you must stop chasing profits and learn all that you can about the market and trading strategies.

whitneytyler
Feb 04 at 05:44
68 príspevkov
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

Williamfreed
Feb 04 at 14:10
171 príspevkov
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

Riyadh Bhuyian (zzzTraders)
Feb 04 at 15:37
43 príspevkov
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!
skihav
Feb 04 at 17:47
801 príspevkov
In fact - experience and knowledge. I consider these aspects to be the most important in a trader's job.

Treeny
Feb 04 at 18:44
211 príspevkov
Discipline, patience and a strategy

Riyadh Bhuyian (zzzTraders)
Feb 04 at 19:35
43 príspevkov
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!
sharabela
Feb 05 at 07:32
85 príspevkov
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.

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.

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