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Can you become a pro trader

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  • Can you become a pro trader

    After losing lifetime savings, many traders often think, the Forex market is manipulated. Those who lost money consider themselves as the best traders in the world and can’t accept the fact, they have lost their investment. Sadly, they don’t know the concept of trading business. Speculation is the key process by which the retail traders make a profit by assessing the price movement of the financial instrument. So, if you expect to win all trades, you should not trade the Forex market. Those who are not sure whether trading is the right profession for them should know the fact, 95% of the traders are having a tough time. Those who are making a profit are the elite traders who have mastered the art of investment business.

    Does this mean we will always lose money? The majority of the na´ve traders are losing money since they don’t know the proper way to analyze the market trend. Most of the time, they take decisions based on emotions and blame the market.

    So, can we become a pro trader?
    Everyone can become a pro trader. But for that, you must have the diligence. Haphazardly living your life and making a decision in the Forex market without having a valid reason can’t be the foundation of your trading career. To make yourself a successful trader, you need to develop your trading skills. Ask the professional traders about the most valuable thing in the trading profession. They will say, devotion, dedication and strong determination. Without having these qualities it’s impossible to overcome the challenges.

    Know your limits
    Before you start investing real money, search the term “Forex trade demo” and you will get a bunch of options. Open a demo account with brokers like Rakuten and start developing your skills by trading the demo market. Once you feel confident with the demo trading performance, try to find the key faults. Identifying the weakness in your trading system will help you to know your limits. Trading is not going to provide you the ultimate Holy Grail to become rich. There is no such thing called Holy Grail. To secure profit in the Forex market, you have to come up with a proper strategy.

    Do you consider trading as your business?
    Those who consider trading as their business is already doing well. But those who are taking this profession lightly are making things harder for the other traders.95% of the traders are losing money but this doesn’t make you the loser. Before you start to trade the market, you are biased with the thought of losing money. To make things easier, we must overcome this problem. Take this profession as your business and try to create a simple strategy so that you can make a profit at any market condition.
    Once you start to trade with proper discipline, you will see the rhythmic pattern of the market. There is no reason to follow an aggressive approach to trading. Aggression can never give you good results. Develop your patience level and try to find a unique solution to find potential trade setups.

    Ultimate verdict
    Yes, you can become a pro trader in the Forex market. It doesn’t take so much time to develop your skills. Due to the aggressive approach of na´ve investors, the outsiders are thinking everyone is losing money. In fact, by using a simple logic of risk-reward ratio, you can protect your capital. There is nothing wrong with the market and admit the fact, you are losing money due to your irrational actions. If you want to lead your life just with the trading profession, you are most welcome. But start trading the market with the money which you can lose with a big smile. Never jump into the unknown world with your last resort. Take logical steps to master the art of trading.

  • #2
    In short - very low amount of people can really become pro trader by many obstacles anyway and there is a point in it for many many things out there - I do hope it will really make wonders if you want. But we all have families and such obligations to risk with it.


    • #3
      Graceful Information... Thanks for sharing

      Pro trader means professional trader or some thing else??
      Dextor Mason
      Forex Trading & Digital Marketing