I want to be a professional Trader

Community Introduce Yourself
1

Hi all :slight_smile: my name is Walli and I am from Germany. I am really new to forex and very excited about my whole journey​:raised_hands:t4::blush:

2

welcome to this community , feel free to ask any question you need to know. its really a friendly forum we have in online from all.

3

sounds really good that you want to be a professional trader . need a very long time patience with great dedication.

3 Likes
4

what you think guys there is any difference between successful and professional traders ? its all about same ?

1 Like
5

Am Femshow from Nigeria glad to be here

1 Like
6

For not your job is to learn how to be competent. Set expectations realistically, be patient and you will get there.

1 Like
7

How to Become a Professional Forex Trader

  • Respect the rules of money management. Make it a rule to manage risks when trading Forex.
  • Put your trading strategy to the test. Markets change, or rather, their volatility fluctuates.
  • Allow the profits to increase. In the forex market, good and long-term trends are rare.
  • Practice daily.
2 Likes
8

This whole “for professional day trader” thing sounds glamorous – living by the charts, calling the shots on the market. But from what I’ve read, it’s also like riding a mechanical bull in a hurricane!

2 Likes
9

The reality seems like a wild ride for sure.

1 Like
10

Several years ago, when I was much younger, I took bowling lessons. My teacher was the the local pro at the bowling alley where my league was.

I soon found out how good this guy was. I mean he was phenominal, bowling strike after strike without even trying.

I asked him one day why he never went on tour. His simple answer was that he was happier at home, not having to perform every week on the road.

Conversely, I had a pro trader buddy of mine tell me he was sick of the charts and that he would rather work at McDonalds than spend one more day chasing the candles.

As for me, as a part-time trader, I just love trading for the sake of trading. Once you’re at the point where it’s not just about the money, you’ll wake up one day and realize you’re making at least a partial living as a trader.

1 Like
11

Thanks for sharing. It’s a reminder that success is not just measured in monetary terms but also in the satisfaction of doing what you love.

13

One of the biggest lessons I’ve learned is to focus on building good habits, like managing risk and not trying to chase losses. That stuff adds up over time.

14

Welcome to the Babypips community bro.

I am happy to know that you do have a passion for becoming a successful pro trader. But, remember there is no shortcut to doing it. It will take time to achieve your goals. Here are a few of my suggestions which might be helpful to you:

1- First complete the Learn Forex Trading from the School of Pipsology at Babypips.com.

2- Then open a Demo account with any Forex broker of your choice with a proper lot size and leverage for practice purposes. Familiar with the Broker’s Trading Platform or you may do it either on MT4 or MT5.

3- Select only one major currency pair of your choice and start to trade in the beginning.

4- Choose your trading style (Swing, Day, Scalping, etc) and the trading timeframes as per your trading style.

5- Select the Indicators of your choice. But keep them simple and less.

6- Start trading as per the knowledge you acquired from the School of Pipsology.

7- Start with less amount to trade avoiding to burn your trade account quickly.

8- Make a trade journal and note all of the trade details daily. These will help you to evaluate or analyze your strengths and weaknesses.

9- Don’t forget to check the Economic calendar while trading Forex.

10- Always safeguard your trading profit before the announcement of any major event, if you are already in the long or short position. Also, don’t be greedy to trade before or during any major event announcement to get short-term quick gain.

For the time being, try to work out the above suggestions. Feel free to ask any question or clarification.

Best wishes.

Sufshiken

15

He made one post here, nearly 3 years ago, and hasn’t been back since. No rudeness intended, but don’t you think there might be more appropriate places to paste in your teaching? :sweat_smile:

16

Yeah, you are right @TheodoreThring. I didn’t check the thread posting date.

Thanks for informing me.

1 Like