What makes one a Professional Trader?
Mitglied seit Jan 25, 2010
1360 Posts
Feb 20, 2019 at 09:52
Yeah, what do I know anyway?Obviously nothing at all.
Point taken: real traders don't participate in forums.
Mitglied seit May 14, 2019
30 Posts
May 22, 2019 at 12:31
I would say ability to bring somewhat good and consistent profit during some amount of time like for exameple one year or even more maybe for quite long periods of time. Other way you are probably an amateur based on skill or so. Please do so as well.
Mitglied seit May 22, 2019
11 Posts
May 22, 2019 at 13:48
If you can live on your trading profit alone then you are a pro trader. Simple. Just like a pro anything
May 27, 2019 at 15:18
Baileyhart posted:
For the professional trader, trading is a regular job. The professional trader does not trade for the excitement or because he wants to make a fortune with a few lucky trades. Trading is not an easy profession and it requires time, hard work and a lot of hustling before you can make money.
Of course, it’s not an easy way of money making! You may noticed, all of the pro traders are trading with a long term trading experience, that’s the reality!
Nov 27, 2019 at 11:37
A broker must have excellent knowledge of the market as he is the one who is suppose to invest money either he can take the trader or investor towards money loss, he must have legal and professional knowledge as less knowledge is more dangerous transparency is a must for a long term business relationship.
Revenue is vanity, profit is sanity, but cash is king
Mitglied seit Nov 25, 2019
9 Posts
Nov 29, 2019 at 09:34
Broker is just access to the market. Do not trust any trading education they provide. It is all about price and execution
Mitglied seit Aug 27, 2017
994 Posts
Nov 29, 2019 at 13:25
saturdayresearch posted:
Broker is just access to the market. Do not trust any trading education they provide. It is all about price and execution
I see; brokers mainly offering very basic education! No way to rely on the basic, never & ever!
keeping patience.......
Nov 29, 2019 at 19:48
A professional trader is the one who has a financial services licence or legal opinion in the operating jurisdiction. Having a licence doesn't mean he or she was/is/will be a successful trader... But having it you can call yourself or be called a pro - without it you are an amateur even if you have millions in profits from trading... This is the answer from a legal point of view. Full stop.
every beautiful garden has a strong hedge around
Mitglied seit Feb 22, 2011
4862 Posts
Dec 04, 2019 at 11:59
tacet posted:
A professional trader is the one who has a financial services licence or legal opinion in the operating jurisdiction. Having a licence doesn't mean he or she was/is/will be a successful trader... But having it you can call yourself or be called a pro - without it you are an amateur even if you have millions in profits from trading... This is the answer from a legal point of view. Full stop.
I am afraid you are right. You can pass the test and get license.
Yet it is based on teheoretical knowledge of tems you actually do not need.
It has no relation to your trading skills. So even cerified tradercan be a loser.
IMHO professional trader is the one who follows trading plan and who has stable and proven results.
Jan 03, 2020 at 13:46
Bernfeld posted:
To become a professional trader, you must learn trading basics and advanced basics. Once these are mastered, you can learn proven strategies and gain experience in implementing them.
Strategy is the key! No one can make consistent money here without having a proper game plan! But, here there is no way on following others call!
Mitglied seit Dec 19, 2019
69 Posts
Feb 01, 2020 at 14:32
Cutting losses early and letting winning trades run
Knowing when to increase lot size and when to use minimum
Many more
Knowing when to increase lot size and when to use minimum
Many more
Strength and honor.
Mitglied seit Feb 12, 2020
17 Posts
Feb 26, 2020 at 11:54
CaptainVita posted:I agree with you
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'.
Mitglied seit Aug 27, 2017
994 Posts
Feb 29, 2020 at 13:46
Jonny87 posted:
Every traders want to make profit from the forex market. Making profit is not easy at all. Those who has enough knowledge about the market and the trade can make profit.
Knowledge is the main parameter! There is way without proper trading knowledge; pro trading skill is the must!
keeping patience.......
Apr 18, 2020 at 14:46
Pin bar is really popular but not for beginners, it is especially for the senior traders who are able to predict the real faction of this market with certainly by means of candlestick. According to me , who are able to make profit consistency by using this pin bar trading strategy , only they are professional in Forex.
