What makes one a Professional Trader?

Always use broker comparison tool to know your broker before choose'em

IMO, professional trader is one who knows how to keep their emotions under control and knows which strategy suits best for them to succeed in forex.

Regular practice and revised trading strategies are what differentiate a trader from a professional.

This issue apprises us of selecting the right trading broker. We have to make sure whether the broker we are going to select provide high security of funding or not.

To be a professional trader you have to through many ups and downs, revise your strategies multiple times to find the best one which could give consistent returns in the long run. The most important aspect to be kept in mind is that you have to plan out the ways of managing risk well before it happens.

I feel the professional traders have these following unique traits:
1. They know the difference between fake breakouts and reality.
2. Loss cutting.
3. Inquisitiveness.
4. Simple and clear planning .
5. Realistic.

Professional traders always manage their risk well. Trading alone means that you are doing everything for yourself.You need to make sure that you are trading a consistent, small amount of capital on each trade.

In my opinion, I think a trader becomes professional when he gains control over his emotions. Emotions play a vital role in forex. Trading with emotions such as fear of losing, causes anxiety. Emotions like anger of losing a previous trade causes the trader to over-trade and revenge trade, thereby risking losing more capital. When a trader is emotionless, he doesn’t let fear, greed, anger, and anxiety block logical thinking and analysis. Henceforth, traders become more efficient in making profits.

Every trader should select a broker seeing whether the broker fulfills his requirements or not. Several brokers have restrictions in different areas of trading but here you are free with that broker.

Fandango posted:
Every trader has a different trading experience which means that you cannot be sure about what your trading career will turn out to be. You will have to keep working even if you are making a loss. So, use a trading journal to keep your trades in alignment with your trading goals.

Yes, a trading journal can set things in motion and can help traders stay on the right track.

A professional trader is one who is disciplined and have control on the emotions.

Forex trading without indicators is like being on the sea without a boat or a ship. Indicators help traders understand the market movement.

A professional trader is someone who has the knowledge and skills to consistently make profitable trades in the financial markets. They also have a strong understanding of trading strategies, risk management, and market analysis. Professional traders are able to identify and capitalize on opportunities in the markets, while minimizing their risks. They also have the discipline to stick to their trading plan and execute trades with precision. Professional traders are also well-versed in the use of trading software, such as charting platforms, technical indicators and trading bots. Ultimately, professional traders are those who are able to successfully navigate the markets, use their knowledge and skills to maximize their profits, and minimize their risks.