What to be a professional trader later this time

Beginner Questions Candlesticks, Chart Patterns, and Price Action
1

Want to learn more. what does it take to be come a professional trader?

2

Develop your knowledge – Build your trading skills with free online courses.
Mabybe you can try the below steps:

  1. Skilled foreign exchange transaction process: foreign exchange trading platform and trading time period
  2. A few targeted learning of several mainstream indicators (such as K-line, moving average, Bollinger, etc.)
  3. After knowing a few basic indicators, simulate the simulation exercises.
  4. Practice and summarize experience during the simulation.
  5. Download the software and register your real account.
  6. Communicate on the forum or in the forex trading circle and find out the best strategy for you.
  7. Persist and persist tenaciously.
3

Set the goal and disect it into smaller goals.

When doing small goals put these steps into them:

  1. Learn the basic about the metatrader trading station
  2. Learn how to open and close orders
  3. How to enter stop los into the trade
  4. How to risk 1-2% of your account balance on each trade
  5. Find the trading strategy on the forum and try it doea it fits you. If the trading strategy fits you then you will love that strategy.

You will not search any other because that strategy gives you enough free time and it gives you profit.

If the trading strategy does not give you that search for another one. You need strategy that suits you and you are satisfied.

  1. Make a risk management plan. That means you should know when you will exit the trade, how much loss you will accept if the trade is losing one, how much is risk to reward ratio

  2. Think about live account with small amount. You need to test your emotions how will they impact you and your trading results

  3. Make a journal of each trade you open. Write down everything you think of when you want to open and close the order. The journal is used for analysis to see what you are doing wrong so you can improve and what is correct so you can use it more.

Set these steps as your goals and define time for reaching them. That way you will cover all you need for trading.

Be persistent, be patient be determined, be the professional trader.

Good luck :slight_smile:

4

Welcome lester. Start your journey with education here includes the babypips course. Then open a demo. Then read some books and so on. Good luck.

5
  1. Trading education / screen time/ demo trade
  2. Live trade
  3. Lose money
  4. More education, screen time and demo trading
  5. Live trade again
  6. Lose money again
  7. Repeat this process over and over.
  8. Breakeven
  9. Profit
  10. Consistent profit
  11. Success
1 Like
6

there is anyone who can clear me the main difference between successful and professional traders ? need to know badly.

7

its all about same issue like money and risk management , no far difference between two.

8

It seems to me that in order to become a professional you have to work hard and not be afraid of the difficulties that may arise in your way. It’s quite logical that not everything works out and you can’t always cope with the problem from the first time, but if you understand it and are ready to fight to the last, then you will definitely succeed and you will become the trader that others are equal to.

9

Agreed, not similar, but with very negligible differences too.

10

it takes a lot of perseverance, read a lot, analyze, this market is very interesting but it requires a lot of interest

11

The main thing is to take trading as seriously as possible, so that you understand that this is not just entertainment, but the best way to make regular money, then you will definitely have the result that can satisfy you and meet your needs.

12

in order to become a true professional, you need to keep in mind regular practice and study the market as thoroughly as possible for you, plus I wouldn’t forget about news events and of course a clear calculation of capital