Professional Trader?

What does it take to be called a professional trader? What would the requirements be? Margin called a few accounts but successful now? Win more than you lose? Your account is consistently growing? Or is it just, What do you do for a living? “I’m a professional forex trader”.

Please post the certifications if there is any. Theres got to be some type of certification for a person to do managed accounts? Right?

I’d just like to know. Thanks.

A professional trader just means someone whose living comes from trading, whether they are trading their own money or someone else’s.

Hello:

if U look for qualifications or certifications that probably means you intend on sourcing client money (i.e. money from strangers, people you don’t know or are not related to) and ‘play’ or trade with that money.

These people will not give you their money unless you are a recognized or qualified trader.

I don’t know much about these things, but I urge you to check for things such as CTA (Commodity Trading Advisor), ACI, etc.

These are the first two that come to mind and that I can remember.

Good luck

EUR/USD has been consolidating around 1.2968 since 13:00 South African Standard Time time and is awaiting Draghi’s speech and FOMC at 19:30 SAST. I think it will resume its upward move after this. I am trying to make up my mind whether the downtrend will resume at the 50% Fib or will carry on to the 61.8% Fib. What is your opinion.

This is the ONLY definition of a ‘professional’.

As far as qualifications, the only set ‘clients’ want to see are a historical record of profit making.

Outside the USA most money managers have no specific ‘trading’ or money market qualifications.

A gift for holding jargon-fuelled conversations about ‘mean-reversion’ and ‘alpha generation’ also helps plenty.

The amount of marketing waffle and over-complication in the industry truly requires its own special paper. Quantitative funds especially love embellishing simple indicator driven strategies for example to the point where a guy or gal believes lacking a PhD precludes any opportunity in the space.

If you trade to pay your bills and can pay your bills, well done - you’re a professional.

If finance courses taught people successful/professional trading strategies, university finance departments worldwide would already have capital markets cornered :wink:

Bit of a random post for this tread!