Are you or do you plan on becoming a professional trader?

and are you going to be proud being a professional forex trader? Is it even called a profession in the first place since no service is rendered and no product is being produced. So is being a forex trader worth something to be proud about?

Professional traders help individuals and organizations grow their wealth. I believe that qualifies as a service.

It might be, if they’re any good… :wink:

sure as soon as i make some pips

Forex trading would be considered a profession because it requires specialized skills, just like a plumber or an electrician.

being a trader is definately something to be proud of, it is one of the most complex industries to master which is evident by the percentage of failed traders out there.

i have just recently turned 19 and am extremely proud of the position i am in, i trade full time for both myself and 2 high profile clients, in total i am trading a 160k+ account. i have also just started studying for my qualifications in financial services which will eventually lead to my specialisation in investment consultation and hopefully starting my own successfull company within the next 3 - 4 years.

i work my own hours, i work in a sector and use terms a majority of people dont understand which makes me feel smart :slight_smile: i earn exceptional amounts of money for the hours i do work and i have done all of this on my own, i studied and educated myself in forex on my own, i raised my initial capital from scratch on my own. i have no boss to answer to or rely on for my paycheck.

lee :slight_smile:

I agree with you, although it feels totally the opposite when nobody understands/is interested in what you do!

Lol when talking with my friends or even family about my ´job´, conversation ends really quick.

A few days ago a friend of mine asked me 'what was that game`I had on my screen. :smiley:

profitforextrader

Good answer! Mind if I ask what kind of trading system you use?

My answers:
I plan to make a living out of it eventually. run circles around most in my current profession, may never get that good at forex but I’ll get good enough! Pride has nothing to do with it, I love a good challenging puzzle especially one as rewarding as this :slight_smile:

[QUOTE=wrtm_19;161931]I agree with you, although it feels totally the opposite when nobody understands/is interested in what you do!

Lol when talking with my friends or even family about my ´job´, conversation ends really quick.

A few days ago a friend of mine asked me 'what was that game`I had on my screen. :D[/QUOTE

Same here!Trading can be lonely profession, you the screen and the market.I stopped discussing the market with friends and family for the reasons you stated also the reason from this quote from a website.

(To be in this business you got to believe in yourself this is not something that you should ever brag about to anyone not even your best friends, keep it to yourself!

After all what positive input do you hope to expect from those that do not understand or have a clue about what it is you are trying to tell them… ask yourself, do you really want to live up to other peoples expectations.)

Iam lucky i have a co worker with the same passion we keep in contact weekly plus you guys and gals on Baby Pips!:slight_smile:

Good for you :slight_smile: But dont kid yourself your clients might have something to say if they take a big hit. :slight_smile:

[quote=“Letseethepips,post:8,topic:31146”]

yep, yep!

Robert, I just noticed you have over a thousand posts! Congrats !

Trading is like professional sport. All depend of your own efforts and passion. You really need to love it to do it actually.

From the definition of professional, it doesn’t necessarily mean only by the engineers, doctors or to someone who studied in the university. being a professional forex trader means you have studied the craft and is experienced in it and qualifies you to render service by giving advices to other traders. I may also become a professional forex trader but only for myself and its measured by my success on the trading floor. :slight_smile:

Hi.

I’m studying forex trading today but I’m a total newbie. I want to know all about it so i can be a professional forex trader (if its even possible lol)

Thanks.

I’m sorry but I disagree, I don’t like trading, I just like what it gives me.

I kinda like trading and what it gives me, practically instantly reward/pain… no job gives that… well, some exceptions.

If it’s a job it’s pretty awesome because I don’t hate it and that’s very important.

Initially I thought trading was something that doesn’t produce anything for society (other than providing liquidity to the market and having your spending of profits benefit the GDP), so I saw it as a useless profession.

But then I realized that its no different than being a hunter-gatherer. A hunter gatherer is someone who works entirely for themselves, getting food however they can. The same thing concerns trading - you’re trying to hunt and gather a price differential. Instead of getting a meal, you pick up money to buy a meal or anything else you want.

As someone said earlier here, you can enrich others through trading. There are a number of hedge fund managers who speculate to benefit charity.

My personal goal is to make enough money trading so that I can retire comfortably. If it takes me 10-15-20 years to get there, that’s fine. I’d rather do this than work for someone else, I’m an independent person so this suits my personality well.

P.S. I forgot, there is one more benefit that trading provides, it allows people to subsidize losers who can’t trade and are relegated instead to selling systems or seminars at a premium price, lol.

Well what profession should someone be proud of?
99.9% of all jobs are boring and usless. From ( what socity says) low class to high class jobs, most are unproductive and nothing to be proud of. Being a trader is as good a job as any.
And most (not all) charities are a waste of money as they are just a corprate money making buisness’s. Their product range is someone else’s suffering which they use to take as much money as poss from people and pass on as little as poss to those they claim to help.

Anyway, enough ranting. I, like most people starting out in forex, would like to someday build up enough capital and skill to trade full time.
It would be alot better than my current job:)

I think Forex trading is a profession. if it provides you the money and gets your skills pumped every time, it is! If you earn big in forex, that is something that should be proud of!

Since banks and big financial institutions are involved in forex, then I think it’s a profession. It is also something to be proud of given the fact that not all are successful. I also intend to be a professional because one way to ensure financial independence is by making money work for you while you work for money and to make your money work for you in the forex market, you have to develop skills that would enable you maximize your profits and minimize your losses.

Now I don’t care if you agree or disagree with me, I’ve been trading for 3 years and have been consistently profitable for 1, BUT what I urge you to do is think about what I’m saying here.

It’s nothing to with being a pro an am or anything else - the bottom line is - Are you making a profit?
The market does NOT care about yours or anybody else’s perception of whether you are a professional an amateur, a joker, a layabout or a farmer.
what you need to think about is - are you making a profit?

For me it’s nothing like a professional sport, a professional sportsman will go through the roller-coaster emotions of winning and losing, the high and lows of winning, coming close, injuries etc etc etc. Emotion has no place at all in trading, the market will not give you money simply because you are a good trader, the market will do what the market will do.

It does not depend on your efforts, it depends much more on doing the right thing, being passionate about numbers going up and down on a screen all day is dangerous and certainly not my cup of tea.

Now for me I don’t particularly like trading, it’s just something I have to do a couple of hours a day at most to amass more capital than I ever thought possibly could.

passion, love, great, fantastic, enjoy, are all emotive words that don’t really have a place in trading.