Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: bayu7adi on March 12, 2025, 01:49:22 AM
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We see many people who have assets of millions or even billions of dollars, and they do not claim to be professional traders, and there are those who have only made tens of dollars or maybe hundreds of dollars, and they claim to be professional traders... there is nothing wrong with that, but this claim sometimes makes many people have different disclaimers.... this is indeed not important for some people, but for others who need a role model, a true professional trader is what should be sought...
In my personal opinion, a professional trader is someone who can generate regular profits, and can be repeated, it does not matter how much profit because it can be adjusted in the future, as long as it can be repeated and is sure that it will produce results without breaking the law... I can call him a professional trader...
Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
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I do not have anyone as a reference to learn trading.
Do you know what is dangerous about trading? You can think you are good already and make money from it but later your greed can increase and makes your be more confident. This could later lead to losses.
I have someone that is a good trader but overconfidence makes trading not to be on his advantage.
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Then what do you think? Do you have someone who is your reference for learning trading?
no not really everything i know of trading came from the forum or from books i have read in the passing but not really any individual that i specifically go to
Or what kind of person is it that you can call that person a professional trader?
to me anyone who does trading as their day job is what i would call a professional trader
because trading has now become his profession and he is dedicating so much of his time towards it
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Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
Reference? None.
My definition of a professional trader? Consistent profit on a monthly basis. Simple as that. :) Let's not over complicate things at least. I consider a trader a professional trader when they're making profits consistently for the past 1-2 years. Making profits in trading can be very easy, but to do it consistently is very hard.
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Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
Reference? None.
My definition of a professional trader? Consistent profit on a monthly basis. Simple as that. :) Let's not over complicate things at least. I consider a trader a professional trader when they're making profits consistently for the past 1-2 years. Making profits in trading can be very easy, but to do it consistently is very hard.
This is indeed the time that you would really be that making yourself to be a professional trader is on the time or moment that you do find yourself that become profitable or something that you can be able to sustain. This is on the time that you would really be that considering yourself that a professional trader on which you do able to survive with these market swings. Trading skills isnt something that you would really be able to learn in a short period of time on which simply means that you would really be needing to put up that sufficient work and time and capital for you to be able to improve your skills. The wrong thing about most people is that they do want to be able to learn it overnight on which this will really be that resulting into that huge loses or they do become that impulsive.
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We see many people who have assets of millions or even billions of dollars, and they do not claim to be professional traders, and there are those who have only made tens of dollars or maybe hundreds of dollars, and they claim to be professional traders... there is nothing wrong with that, but this claim sometimes makes many people have different disclaimers....
They claim to be professional traders to attract more followers. These traders do not make money from trading, but rather by deceiving many people by telling them that it is a golden opportunity for them to make money quickly. Therefore, they focus on attracting more followers more than proving that they have experience in trading.
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It is way better to invest than to become a trader. Especially if you are thinking of becoming a short-term trader, I will suggest you otherwise. In the short term, you are only gambling.
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To define a professional trader, professional traders are those who can consistently profit, especially their monthly ROI is always positive. no one can ever make a profit on every trade they make, no matter how expert they are. But those who can do good market research and have deep knowledge about trading always have positive monthly ROI.
Many people claim themselves as professionals after profiting a few times and are very excited about trading. But at the end of the month their monthly ROI is negative. they can never be a good and professional trader
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It is way better to invest than to become a trader. Especially if you are thinking of becoming a short-term trader, I will suggest you otherwise. In the short term, you are only gambling.
I'm sorry but I don't think you really understand what short term trader is, because what I've understand it is a type of trader who close his position in a short period of time probably minutes to hours with in that day. So I don't think if it's okay to call it as gambling because honestly there are traders who can make profit with just few minutes of trading. If you can make profit weekly or monthly, and probably make it for years now, you are not gambling, you made trading as business.
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I'm sorry but I don't think you really understand what short term trader is,
Maybe you can enlighten me, but before that, since I do not want to repeat myself while answering your generic indoctrinated assumptions about it, please go through my post: A Death Knell to Short-term/Intra-day Traders (https://bitcointalk.org/index.php?topic=5523670). Please do not miss the latter conversation on the post. This will give you a brief idea of what my stance is regarding short-term trading, and we can save a lot of time discussing it further here.
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Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
A person who most at times wins trades, a person who has a 70% winning rate to me is a professional trader. When the percentage drops of wins surpass that of the losses, it becomes clear that the person is a profitable trader even if to some they won’t call him professional yet. A professional in some instances are those that have 90-99% winning rate when compared to their general winning success ratio to loss ratio. Trading doesn’t come easy to be profitable, either you get to win through yourself or through coaching by a professional, none of them is easy to come by.
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In my opinion professional trader is someone who can generate profits in regular interval regardless of market conditions be it bearish, bull or sideway market condition. Professional traders have certain plans and algorithms which they follow including basic signals wherein there are people who just gets lucky by investing when the market moves in upward trajectory and earn decent profit claims to be traders but they are just investors/short term investors.
I have seen both side of trading wherein I have been in situation wherein I have lost good amount of money in hasty decisions and future trading without proper plan and also I have earned more through DCA. Our mistake and corrective measures would be the best reference for us.
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how about someone who had convinced many investors to put his money into his account and allow him to trade for them. that should be pro trader where he can return those capital to the investors of his skill and get much more from the profit.
i'd like to think i could actually do this by showing my trades and how much my money grew after a year. i'm not as good as some of the traders though.
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People who keep telling they are professional traders will try to sell you their course and they always do because they are not good at trading so looking for an alternative money making opportunity.
We can call them professional traders when they do it as full time or even part time but spending enough time to do their research and analysis. There are some rich guys who sell and buy once in a while also professional traders but they won't claim they do this every time.
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what kind of person is it that you can call that person a professional trader?
I will refer to someone who has shown consistent result over the years with more profit than losses as a professional trader. it also has to be a title that is not self-acclaimed but a title that is earned from the results they have shown.
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Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
A professional trader is that person who can utilized every single assets giving to him, or someone who can grow up little equity to a sizeable amount without the needs of losing them entirely to the market. With this we can actually calls that person a professional trader because they were able to build their account to a sizable amount without the need of going for loan or for subsequent funding.
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I'm sorry but I don't think you really understand what short term trader is,
Maybe you can enlighten me, but before that, since I do not want to repeat myself while answering your generic indoctrinated assumptions about it, please go through my post: A Death Knell to Short-term/Intra-day Traders (https://bitcointalk.org/index.php?topic=5523670). Please do not miss the latter conversation on the post. This will give you a brief idea of what my stance is regarding short-term trading, and we can save a lot of time discussing it further here.
Your topic there doesn't seem to be about trading. I don't see any chart or even analysis that actually bases the trend on the market, and I don't think if you really have experience in trading. What I see in your thread is the word hypothesis, which I understood that it is your point of view. And because that is hypothesis, there is no solid evidence of what you said is true. And because we have different learnings about trading, you can't be forced to believe me and it's really impossible for you to believe what I say. Because of that, I can't explain more about short term trading because of what you stand for.
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I'm sorry but I don't think you really understand what short term trader is,
Maybe you can enlighten me, but before that, since I do not want to repeat myself while answering your generic indoctrinated assumptions about it, please go through my post: A Death Knell to Short-term/Intra-day Traders (https://bitcointalk.org/index.php?topic=5523670). Please do not miss the latter conversation on the post. This will give you a brief idea of what my stance is regarding short-term trading, and we can save a lot of time discussing it further here.
Your topic there doesn't seem to be about trading. I don't see any chart or even analysis that actually bases the trend on the market, and I don't think if you really have experience in trading. What I see in your thread is the word hypothesis, which I understood that it is your point of view. And because that is hypothesis, there is no solid evidence of what you said is true. And because we have different learnings about trading, you can't be forced to believe me and it's really impossible for you to believe what I say. Because of that, I can't explain more about short term trading because of what you stand for.
Clearly you have not read the whole thread. I specificaly told you to do that because I knew that I have to deal with basic misconceptions first. But it seems I have to deal with them anyway ;D.
If you had follwoed my advice your question regarding 'hypothesis' was already answered by me there. I will quote the relevant part here also,
It's just a hypothesis anyway, why was I stressing myself
Hypotheses and Theories can also be wrong after a certain time most especially when someone "more intelligent" brings up another theory, you know?
EMH and Random Walk are both called hypotheses because they both predict certain correlations between two variables which are testable. Since we have done extensive testing and have scientific conses, both have become scientific theories.
Now I do not think you understand the stature of scientific theory. It is not just a hunch of a creative brilliant person, to have the stature of scientific theory it has to go through rigorous testing and scrutiny to build a scientific consensus in favor.
Yes, scientific theory can change (Falsifiability, an essential trait of a good theory) but not because of the passage of time or some more 'intelligent people' but because of new evidence. It's a cumulative and collaborative process built upon the work of many researchers over time while acknowledging some pioneering individuals.
So just because it is falsifiable does not mean they are not correct it is quite the opposite; scientific theory represents the most accurate and updated explanation of any phenomenon.
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Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
Reference? None.
My definition of a professional trader? Consistent profit on a monthly basis. Simple as that. :) Let's not over complicate things at least. I consider a trader a professional trader when they're making profits consistently for the past 1-2 years. Making profits in trading can be very easy, but to do it consistently is very hard.
Then, what do you think when someone who has consistently made a profit routinely for two years, then suddenly he experiences a strategy error that eliminates his assets in a period of two months... is that still called a professional trader in your opinion???
There are times when someone loses their emotions and feels chaotic, and it affects their finances... some decisions in trading, should be taken very calmly, but when making decisions in a very hasty way, it feels like it will make trading a little problematic.... can even eliminate all assets in a short time...
Is there still any meaning, someone collects money for two years, disappears in two months just like that?
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I do not have anyone as a reference to learn trading.
Do you know what is dangerous about trading? You can think you are good already and make money from it but later your greed can increase and makes your be more confident. This could later lead to losses.
I have someone that is a good trader but overconfidence makes trading not to be on his advantage.
The market requires patience to earn huge profits, but for those that are trading on the margin/future options, they are bound to suffer losses due to high Leverages from certain traders.
Sport traders can only experience losses if they close the their positions probably due to fear. Their trading will be counted as losses if spot traders closes their positions, but with patience, spot traders are bound to make huge profits. In facts, spot traders will not count losses, except they close their positions
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We can call them professional traders when they do it as full time or even part time but spending enough time to do their research and analysis. There are some rich guys who sell and buy once in a while also professional traders but they won't claim they do this every time.
The traders that spend much time on analyses are the scalpers and day traders. Swing traders do not spend much time in making analyses. Some traders are fully swing traders and avoid scalping and day trading. If they are making money, they are also professional traders. Swing traders have one characteristics which is patience. Most day traders and scalpers do not have it and the reason most of them are losing money.
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You can be called a professional trader if you have a well track record of profits in trading for more than a year and still counting. Because you trade profitably for about 3 months and yourself a pro trader, for you to be called a pro trader, you must be someone who has learned the rules of the market and play by it, you must have a strategy, be deciplined and have had years of experience and in some cases have managed some individuals or institutional accounts profitably.
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We can call them professional traders when they do it as full time or even part time but spending enough time to do their research and analysis. There are some rich guys who sell and buy once in a while also professional traders but they won't claim they do this every time.
The traders that spend much time on analyses are the scalpers and day traders. Swing traders do not spend much time in making analyses. Some traders are fully swing traders and avoid scalping and day trading. If they are making money, they are also professional traders. Swing traders have one characteristics which is patience. Most day traders and scalpers do not have it and the reason most of them are losing money.
There will be a difference if we talk about who can be called a professional. I myself think that a professional trader is someone who has spent a lot of their time trading and during their time doing it they can understand what trading is all about.
I also think that a professional trader is someone who does have their biggest income from the trading they do.
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I also think that a professional trader is someone who does have their biggest income from the trading they do.
A professional trader makes profit from trading and such a person will hardly lose but there can be little losses at times. But generally, the trader will gain much more. His biggest income can be from business while trading can just be another means of earning.
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There will be a difference if we talk about who can be called a professional. I myself think that a professional trader is someone who has spent a lot of their time trading and during their time doing it they can understand what trading is all about.
I also think that a professional trader is someone who does have their biggest income from the trading they do.
I think you have said what trading is about but what people do have in mind is different. If you called yourself a professional trader and you don't have the portfolio with mong made from trading, if you don't show things you have, you will be consider as not a successful trader but who cares, it's your money and your way of making it as long as you are not making loss.
A trader should have what it takes to understand any chart presented to him, they should also be able to impact the knowledge to other people, be able to have good devices and probably good working things you will want to use to do the trading itself.
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I don't have a problem with someone calling themself a professional trader for their own pleasure or ego. However, what i do not like is when some of this 'professional traders' start to sell trading signals to people, because they are only trying to make money from their gullible subscribers.
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I don't have a problem with someone calling themself a professional trader for their own pleasure or ego. However, what i do not like is when some of this 'professional traders' start to sell trading signals to people, because they are only trying to make money from their gullible subscribers.
People tend to search for such "gurus", because they don't want to work toward knowledge. And that's really unfortunate.
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There will be a difference if we talk about who can be called a professional. I myself think that a professional trader is someone who has spent a lot of their time trading and during their time doing it they can understand what trading is all about.
I also think that a professional trader is someone who does have their biggest income from the trading they do.
I think you have said what trading is about but what people do have in mind is different. If you called yourself a professional trader and you don't have the portfolio with mong made from trading, if you don't show things you have, you will be consider as not a successful trader but who cares, it's your money and your way of making it as long as you are not making loss.
A trader should have what it takes to understand any chart presented to him, they should also be able to impact the knowledge to other people, be able to have good devices and probably good working things you will want to use to do the trading itself.
And yes, there will always be different opinions, as I said at the beginning. Because if asked about opinions, it will definitely be speculative according to what is thought, because this is not an exact science like mathematics where the end result will be the same.
However, I believe, from all the opinions that exist, I am sure the meaning is also the same, but because the delivery is different, it will also create new thoughts which seem contradictory.
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I don't have a problem with someone calling themself a professional trader for their own pleasure or ego. However, what i do not like is when some of this 'professional traders' start to sell trading signals to people, because they are only trying to make money from their gullible subscribers.
People tend to search for such "gurus", because they don't want to work toward knowledge. And that's really unfortunate.
Sooner or later on which they would definitely be trying out to realize on how important on trying out to build up your knowledge and not really just that simply being that following someone or some gurus. Actually it isnt really that bad to follow someone but make it sure that you had made yourself aware about that when it comes to progress then you wont really be that making yourself having that kind of improvement into your skills because you've been that setting up yourself on becoming that dependent on which this isnt really that good at all. If you do really want to make yourself as a good trader then make it sure that you would really be that mindful about enhancing yourself when it comes into your trading skills and not really that making yourself that being confident.
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I'm sorry but I don't think you really understand what short term trader is,
Maybe you can enlighten me, but before that, since I do not want to repeat myself while answering your generic indoctrinated assumptions about it, please go through my post: A Death Knell to Short-term/Intra-day Traders (https://bitcointalk.org/index.php?topic=5523670). Please do not miss the latter conversation on the post. This will give you a brief idea of what my stance is regarding short-term trading, and we can save a lot of time discussing it further here.
Your topic there doesn't seem to be about trading. I don't see any chart or even analysis that actually bases the trend on the market, and I don't think if you really have experience in trading. What I see in your thread is the word hypothesis, which I understood that it is your point of view. And because that is hypothesis, there is no solid evidence of what you said is true. And because we have different learnings about trading, you can't be forced to believe me and it's really impossible for you to believe what I say. Because of that, I can't explain more about short term trading because of what you stand for.
Clearly you have not read the whole thread. I specificaly told you to do that because I knew you I have to deal with basic misconceptions first. But it seems I have to deal with them anyway ;D.
If you had follwoed my advice your question regarding 'hypothesis' was already answered by me there. I will quote the relevant part here also,
No, I read it but honestly I can't really understand what you're saying because that is the first time heard that. I don't know exactly where did you get that formula or it just by you getting it out of nowhere. Do you have any other stuff supporting your argument? Or Do you really have experience in trading? Because if not, how you can tell in the first place that trading is not working? Honestly, based on my experience, a trader can be profitable with a good trading plan and a good mindset.
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In my opinion, a professional trader is not someone who always makes a big profit or never loses in trading, but a professional trader is someone who is calmer, more careful and more careful in determining every step in trading. Because actually there are no traders who never lose here, but the attitude and mentality when facing a bad situation in trading will show whether someone is worthy of being called a professional trader or not.
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I think if someome is consistently making money with trading then he can be considered as a professional trader. It is not easy to become consistent with trading, so I think someone can be one of those professionals if they keep making money. And others wont argue with that because making money means a lot of trading experience and losses have been made before reaching that point of profiting.
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I think if someome is consistently making money with trading then he can be considered as a professional trader. It is not easy to become consistent with trading, so I think someone can be one of those professionals if they keep making money. And others wont argue with that because making money means a lot of trading experience and losses have been made before reaching that point of profiting.
becoming a professional trader requires experience and of course they have also experienced losses in the past. because we know that to be able to have experience by generating consistent profits, you need to always learn and practice and sometimes in practice you also experience failure.
always getting profit in trading is the goal of traders, but sometimes the crypto market is unpredictable because it is volatile.
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No, I read it but honestly I can't really understand what you're saying because that is the first time heard that. I don't know exactly where did you get that formula or it just by you getting it out of nowhere. Do you have any other stuff supporting your argument? Or Do you really have experience in trading? Because if not, how you can tell in the first place that trading is not working? Honestly, based on my experience, a trader can be profitable with a good trading plan and a good mindset.
I know as a matter of fact that you have not read it properly, otherwise, you would not have repeated the same mistake of asking a question that has been answered already in the suggested thread of mine. Anyway, let me quote the relevant part ;D
Do you have a study you carried out proving your stats? I would love to see it.
EMH and RWH have already established theories. Just a quick Google search will reveal everything to you but since you have asked I will leave some interesting reading (which you can read and come back to) material for you;
For EMH (with critical aspects, not only favorable stories so that you can make up your mind)
https://www.sciencedirect.com/science/article/pii/S2212567115014161 (harsh criticism you might like it.)
https://journals.openedition.org/fcs/3821
https://www.researchgate.net/publication/324971038_THE_EFFICIENT_MARKET_HYPOTHESIS_A_CRITICAL_REVIEW_OF_LITERATURE_AND_METHODOLOGY
For RWH
https://www.chicagobooth.edu/~/media/34F68FFD9CC04EF1A76901F6C61C0A76.PDF
https://people.math.rochester.edu/faculty/akrish11/Research/student-papers/Random%20walk%20hypothesis%20paper.pdf (Just read conclusion)
https://www.caluniv.ac.in/dj/BS-Journal/vol-35-36/iv.%20Revisiting_Random.pdf (This one does not negate RWH but concludes that the market is not efficient, interesting one)
Please go through the suggested study material before carrying forwarding this conversation.
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People tend to search for such "gurus", because they don't want to work toward knowledge. And that's really unfortunate.
Even those people they call gurus or experts cannot get things right all the time, they may even get it wrong most of the time, and the next thing those who are following them start complaining. It is good to learn things yourself and take responsibility, that is how you get better at what you do.
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In my opinion, a professional trader is not someone who always makes a big profit or never loses in trading, but a professional trader is someone who is calmer, more careful and more careful in determining every step in trading. Because actually there are no traders who never lose here, but the attitude and mentality when facing a bad situation in trading will show whether someone is worthy of being called a professional trader or not.
Technically, a professional trader is a person who uses trading as a full-time profession and earns a living through it. However, it's true that someone who is doing something professionally has to be trained enough for it so that they can continue doing that thing professionally without failing.
If I want to become a professional trader, I will need to have enough knowledge to understand each and everything about trading and the market I'm going to be trading in, I need to have a good enough capital that I can use to make trades and strategize my trades accordingly. I should acquire enough experience before deciding to do it professionally or I could end up as a failure and become a bad example for other people around the industry.
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People tend to search for such "gurus", because they don't want to work toward knowledge. And that's really unfortunate.
Even those people they call gurus or experts cannot get things right all the time, they may even get it wrong most of the time, and the next thing those who are following them start complaining. It is good to learn things yourself and take responsibility, that is how you get better at what you do.
If we can do it ourselves, that's good, but there's nothing wrong if we ask someone who is more senior or understands more than us. But we shouldn't keep relying on that person, we also have to learn by ourselves. We can actually do that, because now it's a modern era, there are many media that we can use as a source of knowledge for us.
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People tend to search for such "gurus", because they don't want to work toward knowledge. And that's really unfortunate.
Even those people they call gurus or experts cannot get things right all the time, they may even get it wrong most of the time, and the next thing those who are following them start complaining. It is good to learn things yourself and take responsibility, that is how you get better at what you do.
If we can do it ourselves, that's good, but there's nothing wrong if we ask someone who is more senior or understands more than us. But we shouldn't keep relying on that person, we also have to learn by ourselves. We can actually do that, because now it's a modern era, there are many media that we can use as a source of knowledge for us.
even the people who claimed to have learned it by their own still reads the strategy of someone else online. of course everyone needs a mentor, its always good to connect to someone who has experience and can tell you what is there to avoid and what to do.
then i tried learning, i end up attending a group of forex traders discussing how they can make the group prosper together so they will have a group of people they can grow old with and chat on their favorite cafe.
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Based on my opinion, the person i will considered a professional trader is a person that makes a lot of profit than loss, and understand the basics of trading and how it works, he knows how to manage and minimize the risk and maximize the profits and always follow up the trading news and stay updated, they manage their emotions and prevent themselves from making uninformed decisions, someone that is motivated and learn from mistakes to gain new knowledge, ideas, skills and experience that he will use to improve his trading.
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Or what kind of person is it that you can call that person a professional trader?
Many people who shows their flashy cars or lifestyle on the internet might not actually be making it through trading. A lot of these folks get money through sales of course and mentorship classes. Their goal is to lure new traders into paying for their guide in the Forex market. So to me, being a professional trader doesn't actually mean you buy a car or something, a copy trader can be profitable as well but he doesn't have a long term goal on trading. A profitable trader is someone that has understood the market dynamics and every that would make him consistent over time..
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People tend to search for such "gurus", because they don't want to work toward knowledge. And that's really unfortunate.
Even those people they call gurus or experts cannot get things right all the time, they may even get it wrong most of the time, and the next thing those who are following them start complaining. It is good to learn things yourself and take responsibility, that is how you get better at what you do.
Okay, it's interesting to discuss teachers too, this still has something to do with professional traders... a professional trader does seem to find it very difficult to give the core secrets of his journey... because maybe it's a secret that can never be bought with money... then some people start making requests to open learning, here usually people are willing to pay some money to get basic materials...
Yes, a teacher's material is not much different from what is taught on YouTube or on the internet, but what needs to be underlined is, a good teacher can determine the right flow so that the process of understanding someone who really has no knowledge about traders, can understand trading faster... finding a professional trader teacher is indeed quite difficult... because the way they make money is their own treasure map... and it's only natural that it is very difficult to find a paid teacher who can satisfy us all....
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- Actually, for us to get profit in trading, it is not a requirement that you must be professional traders, the trading system is not like that, because even if you only know the basics and even if we only use one strategy, this method is more profitable than what they call experts.
Because we are not experts in trading because our only bottom line is to get profit most of the time in trading, as long as the right amount of profit is there,
we should be satisfied and not be greedy, right?
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In my opinion, a professional trader is not someone who always makes a big profit or never loses in trading, but a professional trader is someone who is calmer, more careful and more careful in determining every step in trading. Because actually there are no traders who never lose here, but the attitude and mentality when facing a bad situation in trading will show whether someone is worthy of being called a professional trader or not.
If that trader is able to limit his losses and make more of profit. I consider you as a professional trader. You must not make money everyday. In short, any trader that has used trading to transform his life is a professional trader.
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We see many people who have assets of millions or even billions of dollars, and they do not claim to be professional traders, and there are those who have only made tens of dollars or maybe hundreds of dollars, and they claim to be professional traders... there is nothing wrong with that, but this claim sometimes makes many people have different disclaimers.... this is indeed not important for some people, but for others who need a role model, a true professional trader is what should be sought...
In my personal opinion, a professional trader is someone who can generate regular profits, and can be repeated, it does not matter how much profit because it can be adjusted in the future, as long as it can be repeated and is sure that it will produce results without breaking the law... I can call him a professional trader...
Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
I know a few pro traders, and here are their common traits:
+ They treat trading as a main job, but not a full-time one.
+ They have simple but highly effective trading techniques for the long term.
+ They continuously learn to upgrade their skills.
+ They follow discipline.
+ They generate stable profits in the long term.
+ They always have a stop-loss in every trade.
+ They find trading to be a boring profession to perform.
I'm also learning to become a pro-trader ^^
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In my opinion, about some one can be called as professional trader depend on his trading statistic, more profitable earn than how much loss when trading in cryptocurrency.
No doubt, in crypto trading can't avoid from losses although have been more expert or become most professional but still have chance with loss. If the amount of losses more lower than how much win and profitable earn in trading cryptocurrency I think he should called as professional trader. So far I can't reach to be professional trader although have spent much time in trading due loss more dominance than profitable earn.
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In my opinion, a professional trader is not someone who always makes a big profit or never loses in trading, but a professional trader is someone who is calmer, more careful and more careful in determining every step in trading. Because actually there are no traders who never lose here, but the attitude and mentality when facing a bad situation in trading will show whether someone is worthy of being called a professional trader or not.
I agree, and more, In my opinion, a professional trader is someone who does full time trading activities, who gets much higher profits than losing the money, consistently, and does it with strategies and tools that are indeed professional too. Making trading one of the sources of consistent income. but I also agree that pro traders also experience losses, the only difference is, they can immediately cover their losses from the profits obtained from other trading pairs. and they can do several trading pairs at 1 time, many pro traders do Future trading, with certain tactics that are certainly very well understood and experienced. but there are also those who use spot trading and or several other trading systems.
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If we can do it ourselves, that's good, but there's nothing wrong if we ask someone who is more senior or understands more than us. But we shouldn't keep relying on that person, we also have to learn by ourselves. We can actually do that, because now it's a modern era, there are many media that we can use as a source of knowledge for us.
You're right. There is no problem if we want to learn from other people who have better understanding. Moreover if those are experienced people in crypto. We can get some important experience from those people. Sometimes, we can get experience and get new knowledge through other people. We are not a must to experience it ourselves. But I agree that we mustn't depend on other people's help. We must have the ability to do it ourselves.
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the only difference is, they can immediately cover their losses from the profits obtained from other trading pairs. and they can do several trading pairs at 1 time, many pro traders do Future trading, with certain tactics that are certainly very well understood and experienced. but there are also those who use spot trading and or several other trading systems.
It's not always about covering losses with bigger profits, there are many ways to overcome losses caused by losing when trading... and to handle it, it can also be done by using some non-trading strategies too... so someone who I think is professional, he has many solutions to the problem of losing in trading... it's not always about looking for bigger profits, to cover small losses... the solution can be in the form of evaluating financial management, or maybe changing the strategy.
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We see many people who have assets of millions or even billions of dollars, and they do not claim to be professional traders, and there are those who have only made tens of dollars or maybe hundreds of dollars, and they claim to be professional traders... there is nothing wrong with that, but this claim sometimes makes many people have different disclaimers.... this is indeed not important for some people, but for others who need a role model, a true professional trader is what should be sought...
In my personal opinion, a professional trader is someone who can generate regular profits, and can be repeated, it does not matter how much profit because it can be adjusted in the future, as long as it can be repeated and is sure that it will produce results without breaking the law... I can call him a professional trader...
Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
I personally think that a person that has a capital of up to $50k is a professional trader. Moreover, I don't think that being a professional trader is based on the level of capital you have but it is basically the level of individuals knowledge and experience on the crypto market.
Again, For the fact that a trader is not trading in millions does not necessarily mean that he can't be regarded as a professional trader. in my opinion, if traders is trading with low capital, even below $30k, for me, he is a professional trader, in as much as he is earning profit regularly.
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If that trader is able to limit his losses and make more of profit. I consider you as a professional trader. You must not make money everyday. In short, any trader that has used trading to transform his life is a professional trader.
That's right, and to be able to achieve all that takes a long time. Professional traders usually have gone through several trials in trading, and they can get through it. so now they have been able to make trading their main job to meet their living needs.
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In my personal opinion, a professional trader is someone who can generate regular profits, and can be repeated, it does not matter how much profit because it can be adjusted in the future, as long as it can be repeated and is sure that it will produce results without breaking the law... I can call him a professional trader...
Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
Well, you definition is not far different from what I had in mind, I have always seen a professional trader as someone who trades as a profession, this is the simple and straightforward definition.
Trading as a profession simply means that that is what the person does for a living or livelihood, he or she may possibly have other side hustles like owning a business place or have other hand works, but trading is their main source of income and every other thing(s) he is she does for money is simply on or as a side hustle to compliment and support the money they make from trading.
I believe this is a simpler and better understandable explanation than the way you explained yours, though they are still not far different from each other.
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If that trader is able to limit his losses and make more of profit. I consider you as a professional trader. You must not make money everyday. In short, any trader that has used trading to transform his life is a professional trader.
That's right, and to be able to achieve all that takes a long time. Professional traders usually have gone through several trials in trading, and they can get through it. so now they have been able to make trading their main job to meet their living needs.
it will really takes long more than expected to become that profitable to meet up with your needs and wants. Trading as a profession will not be easy cause you won’t have time for any other things if you are trying to become a professional trader. It will really takes a lot sacrifice but after those sacrifices you will be a boss of yourself managing your funds all by yourself.
You have a reasonable point though cause they will really go through several trials in trading and that alone is something huge. I understand your point.
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We see many people who have assets of millions or even billions of dollars, and they do not claim to be professional traders, and there are those who have only made tens of dollars or maybe hundreds of dollars, and they claim to be professional traders... there is nothing wrong with that, but this claim sometimes makes many people have different disclaimers.... this is indeed not important for some people, but for others who need a role model, a true professional trader is what should be sought...
In my personal opinion, a professional trader is someone who can generate regular profits, and can be repeated, it does not matter how much profit because it can be adjusted in the future, as long as it can be repeated and is sure that it will produce results without breaking the law... I can call him a professional trader...
Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
On my part, I don't have anyone else who inspires me to be more persistent in trading in the crypto industry that we live in. I just became really persistent in learning it without anyone teaching me because I was really just self-studying.
Although it took me a long time before I really understood trading, at least I just kept repeating what I was learning until one day I noticed that I already understood something in analyzing and reading the chart of any exchange. But I'm not a professional trader, all I know is that if I get a profit daily, but in just a small amount,
it's not a big deal. Especially now that I only do spot trading.
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Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
Your criteria for declaring someone a professional trader is a good one, but we should keep in mind that even professional traders make huge losses. Therefore, we should not only look for how much profit and how often they are making, but we should also look into their logic, like how they see the market and why they believe that this will happen.
With this insight, we can call a trader professional, only then we can learn, as there are traders following others, and calling themselves professional while having no background knowledge so we can't learn a thing from them but maybe we can make profit.
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Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
Your criteria for declaring someone a professional trader is a good one, but we should keep in mind that even professional traders make huge losses. Therefore, we should not only look for how much profit and how often they are making, but we should also look into their logic, like how they see the market and why they believe that this will happen.
With this insight, we can call a trader professional, only then we can learn, as there are traders following others, and calling themselves professional while having no background knowledge so we can't learn a thing from them but maybe we can make profit.
Finding professional traders is not easy because most of what we see are traders who become influencers and seek followers. They only want to profit from the number of followers, what I am discussing is a paid or VIP group. We should learn by ourselves. I agree with you, choosing a professional trader is not based on how often they make a profit because every trader must have experienced losses. Look at the logic, analysis and experience they have.
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Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
Your criteria for declaring someone a professional trader is a good one, but we should keep in mind that even professional traders make huge losses. Therefore, we should not only look for how much profit and how often they are making, but we should also look into their logic, like how they see the market and why they believe that this will happen.
With this insight, we can call a trader professional, only then we can learn, as there are traders following others, and calling themselves professional while having no background knowledge so we can't learn a thing from them but maybe we can make profit.
Finding professional traders is not easy because most of what we see are traders who become influencers and seek followers. They only want to profit from the number of followers, what I am discussing is a paid or VIP group. We should learn by ourselves. I agree with you, choosing a professional trader is not based on how often they make a profit because every trader must have experienced losses. Look at the logic, analysis and experience they have.
Yes, some of the professional traders are not as flamboyant with their activities and are not concerned with followers on social media platforms as performers or products of an elite society. As for me, I think that the learning process as an independent activity is much effective compared to following a specific role without knowing how the main motives and the strategy underlying it work. It should be remembered that great profits are not the only criterion since every person who enters this sphere must suffer losses. It is much more phenomenal to know how they conceptualise, strategize, and even control all possible forces that may operate in the market.
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the only difference is, they can immediately cover their losses from the profits obtained from other trading pairs. and they can do several trading pairs at 1 time, many pro traders do Future trading, with certain tactics that are certainly very well understood and experienced. but there are also those who use spot trading and or several other trading systems.
It's not always about covering losses with bigger profits, there are many ways to overcome losses caused by losing when trading... and to handle it, it can also be done by using some non-trading strategies too... so someone who I think is professional, he has many solutions to the problem of losing in trading... it's not always about looking for bigger profits, to cover small losses... the solution can be in the form of evaluating financial management, or maybe changing the strategy.
When they are able to get bigger profits again and recover from the losses immediately, they must have re-managed, adjusted their tactics, and several other things that made them then get bigger profits again. That's why I said "with certain tactics that are certainly very well understood and experienced". Because they must have had their own adjustments. and finally, it is indeed to get bigger profits.
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the only difference is, they can immediately cover their losses from the profits obtained from other trading pairs. and they can do several trading pairs at 1 time, many pro traders do Future trading, with certain tactics that are certainly very well understood and experienced. but there are also those who use spot trading and or several other trading systems.
It's not always about covering losses with bigger profits, there are many ways to overcome losses caused by losing when trading... and to handle it, it can also be done by using some non-trading strategies too... so someone who I think is professional, he has many solutions to the problem of losing in trading... it's not always about looking for bigger profits, to cover small losses... the solution can be in the form of evaluating financial management, or maybe changing the strategy.
When they are able to get bigger profits again and recover from the losses immediately, they must have re-managed, adjusted their tactics, and several other things that made them then get bigger profits again. That's why I said "with certain tactics that are certainly very well understood and experienced". Because they must have had their own adjustments. and finally, it is indeed to get bigger profits.
Trading is also very important source for earn best profit from cryptocurrency market. So in this time your comment is very prefer. We also know that trading system is also a very profitable source in cryptocurrency market. But when we start to trade in cryptocurrency market, we should trying to understand in cryptocurrency market clearly. Because if we don't sufficient knowledge for cryptocurrency trading, we can not earn best profit from here. So I think that knowledge is very important for gain crypto currency trading. Because a professional trader should be understand in cryptocurrency world.
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Yes, some of the professional traders are not as flamboyant with their activities and are not concerned with followers on social media platforms as performers or products of an elite society.
Actually, most professional traders are not concerned with those things and many of them are not known to the public which is really one of the well-known benefits of doing well in trading: we can stay anonymous and still make some good money. But there are professional traders who are now learning to capitalize on what they know by offering programs to teach others...and this is where they are looking for following as market for what they are selling. Hence, they become gurus or teachers for others who also have ambition to be success in trading.
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Yes, some of the professional traders are not as flamboyant with their activities and are not concerned with followers on social media platforms as performers or products of an elite society.
Actually, most professional traders are not concerned with those things and many of them are not known to the public which is really one of the well-known benefits of doing well in trading: we can stay anonymous and still make some good money. But there are professional traders who are now learning to capitalize on what they know by offering programs to teach others...and this is where they are looking for following as market for what they are selling. Hence, they become gurus or teachers for others who also have ambition to be success in trading.
Real profitable traders are the ones who doesnt really that making up some boasting up their profitability on the public but rather they are really that becoming that silent and would really be that not tending to show off since they do know that they are really that making money or simply they can be able to make money into this market. There are really just that those who are really that trying out to hook up people on trying out to be fake profitable or pro traders on which people or newbies should really be that careful. The signs that you are already profitable is on the time or moment that you are already that making up some sustainable trades despite of the loses that you have been able to commit. It all matters about consistency and good risks management.
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When they are able to get bigger profits again and recover from the losses immediately, they must have re-managed, adjusted their tactics, and several other things that made them then get bigger profits again. That's why I said "with certain tactics that are certainly very well understood and experienced". Because they must have had their own adjustments. and finally, it is indeed to get bigger profits.
Trading is also very important source for earn best profit from cryptocurrency market. So in this time your comment is very prefer. We also know that trading system is also a very profitable source in cryptocurrency market. But when we start to trade in cryptocurrency market, we should trying to understand in cryptocurrency market clearly. Because if we don't sufficient knowledge for cryptocurrency trading, we can not earn best profit from here. So I think that knowledge is very important for gain crypto currency trading. Because a professional trader should be understand in cryptocurrency world.
Yes, because the main and most important goal of trading is the result, which is to get bigger profits, right? While how we arrange and manage the strategy or tactic, emotions, risks, and so on are part of the process that we must do. The better the preparation and process, the better and higher the profits are expected to be. If it turns out to be a loss, it means that we must consciously review the market conditions and our strategies, including the analysis, and again for greater profits. And this is what drives the enthusiasm of traders, b
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You're not the one to tell people on how professional you're when it comes to trading, you must know that this is the sole evidence required from you that others may have to see from your past trading performance, this alone is more convincing because you're able to proof them on what you can offer and have been capable of over time, being a professional trader entails having successful results of making trades which are profitable and enviable by others.
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Yes, some of the professional traders are not as flamboyant with their activities and are not concerned with followers on social media platforms as performers or products of an elite society. As for me, I think that the learning process as an independent activity is much effective compared to following a specific role without knowing how the main motives and the strategy underlying it work. It should be remembered that great profits are not the only criterion since every person who enters this sphere must suffer losses. It is much more phenomenal to know how they conceptualise, strategize, and even control all possible forces that may operate in the market.
Exactly, not every professional trader is publicly showing his or her trades this we can't really find them until we come to know about them from someone near to them, as we know nowadays the internet is full of influencers and professional traders who know nothing and they are selling their courses and VIP channels.
Speaking of learning on our own, is not something I would suggest, as we can learn more when we will follow a professional and when we will have a mentor, otherwise we will be just running blind, wasting time on things they should be avoiding. Overall still it can be good for smart people to do their own study.
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Yes, some of the professional traders are not as flamboyant with their activities and are not concerned with followers on social media platforms as performers or products of an elite society. As for me, I think that the learning process as an independent activity is much effective compared to following a specific role without knowing how the main motives and the strategy underlying it work. It should be remembered that great profits are not the only criterion since every person who enters this sphere must suffer losses. It is much more phenomenal to know how they conceptualise, strategize, and even control all possible forces that may operate in the market.
Exactly, not every professional trader is publicly showing his or her trades this we can't really find them until we come to know about them from someone near to them, as we know nowadays the internet is full of influencers and professional traders who know nothing and they are selling their courses and VIP channels.
Speaking of learning on our own, is not something I would suggest, as we can learn more when we will follow a professional and when we will have a mentor, otherwise we will be just running blind, wasting time on things they should be avoiding. Overall still it can be good for smart people to do their own study.
Finding a professional trader as a mentor is difficult because most of them are not active in the media and are more focused on trading and making analysis. So I took steps by starting to learn by myself and always practicing in finding the right strategy experience in order to get profit.
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Finding a professional trader as a mentor is difficult because most of them are not active in the media and are more focused on trading and making analysis. So I took steps by starting to learn by myself and always practicing in finding the right strategy experience in order to get profit.
That is one of the most intelligent things, sometimes analysts can say they know a lot, but sometimes it is not like that, not everything that glitters is gold, so in view of these things we do certain things that can help us to educate ourselves, for example I like to read books About trading, and more so if it is written by experienced traders, it does not matter if it is on Wall Street , Forex, whatever, the market for me is equivalent to crypto, only I know how to deal with volatility but the theories are very good.
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Finding a professional trader as a mentor is difficult because most of them are not active in the media and are more focused on trading and making analysis. So I took steps by starting to learn by myself and always practicing in finding the right strategy experience in order to get profit.
Yes, finding professional trader as mentor and even a good mentor is very hard nowadays especially in bull run as I said earlier, in bull run every newbie become professional and selling their courses. They do focus on getting more opportunities but if they are smart they must create a community because we have seen if a person have bigger community they can earn more.
For example they can earn via airdrop referrals, they can organize some referral event by partnering with some famous exchange, they can get affiliate marketing deals too. In short with bigger community a professional trader can earn more and can open more ways to learn too.
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Finding a professional trader as a mentor is difficult because most of them are not active in the media and are more focused on trading and making analysis. So I took steps by starting to learn by myself and always practicing in finding the right strategy experience in order to get profit.
Yes, finding professional trader as mentor and even a good mentor is very hard nowadays especially in bull run as I said earlier, in bull run every newbie become professional and selling their courses. They do focus on getting more opportunities but if they are smart they must create a community because we have seen if a person have bigger community they can earn more.
For example they can earn via airdrop referrals, they can organize some referral event by partnering with some famous exchange, they can get affiliate marketing deals too. In short with bigger community a professional trader can earn more and can open more ways to learn too.
And thats why you should really be that careful because those fake and wanna be will really be that flooding out into the market once they do had made out some good profits and this is really that very common on each cycle and this is why its really that important that as a noob then you should really be that careful on whose youre gonna dealing with. For me then i would really be that much more preferred on having that self learn kind of trading rather than on finding out a mentor because everything on which you would gonna need to know is something that can be able to see or check out on the internet on which it is much more better rather than on aiming yourself to be that getting dependent with these gurus. For those people or trader that can be called professionals is on the time that they have reached up that state that they could be able to stand on their own in despite about this market volatility.
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Finding a professional trader as a mentor is difficult because most of them are not active in the media and are more focused on trading and making analysis. So I took steps by starting to learn by myself and always practicing in finding the right strategy experience in order to get profit.
Yes, finding professional trader as mentor and even a good mentor is very hard nowadays especially in bull run as I said earlier, in bull run every newbie become professional and selling their courses. They do focus on getting more opportunities but if they are smart they must create a community because we have seen if a person have bigger community they can earn more.
For example they can earn via airdrop referrals, they can organize some referral event by partnering with some famous exchange, they can get affiliate marketing deals too. In short with bigger community a professional trader can earn more and can open more ways to learn too.
They will really make much profits from their channel and as you added earning through referrals and other means of marketing. It really a good advantage for them but it can be really dangerous and everyone needs to be extra careful as @milewilda said they can be a form of scam and many really want to take advantage of you cause of their channel with bigger and many subscribers of users that join but they are some others which ain’t fake though but we just need to be careful.
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For example they can earn via airdrop referrals, they can organize some referral event by partnering with some famous exchange, they can get affiliate marketing deals too. In short with bigger community a professional trader can earn more and can open more ways to learn too.
It's more like a trader who becomes a crypto influencer, they will get a lot of offers from the exchange to promote it and the second advantage is that they can use their referral link, of course it is a double advantage as an influencer who has a lot of followers.
Professional traders are also not necessarily an influencer, only a few are seen active on social media by providing education and the like and also have a strong community.
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We see many people who have assets of millions or even billions of dollars, and they do not claim to be professional traders, and there are those who have only made tens of dollars or maybe hundreds of dollars, and they claim to be professional traders... there is nothing wrong with that, but this claim sometimes makes many people have different disclaimers.... this is indeed not important for some people, but for others who need a role model, a true professional trader is what should be sought...
In my personal opinion, a professional trader is someone who can generate regular profits, and can be repeated, it does not matter how much profit because it can be adjusted in the future, as long as it can be repeated and is sure that it will produce results without breaking the law... I can call him a professional trader...
Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
- This just crossed my mind op, as individual traders, is it necessary or a requirement for us to be professional traders to make a profit? I am not a professional trader, nor am I an expert trader, rather I only have a little knowledge of trading skills anyway.
But even though I am not a professional trader, I sometimes make a profit when I do trading activities, though not every time I make a profit in crypto trading. Because you know, nobody's perfect in the actual trade.
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Finding a professional trader as a mentor is difficult because most of them are not active in the media and are more focused on trading and making analysis. So I took steps by starting to learn by myself and always practicing in finding the right strategy experience in order to get profit.
Many a people does not get the luck of having a mentor and it is where many end up devising their own methods of mastering something. You have taken rather a risky decision to carry on, and yes, practising and evolving own strategy. This is not something that is easy but actually it can help one to be able to gain much profound and self involved process of learning. There are people who may like the contour provided by depending on others, however, personal skill development offers better effects. The things that you do today will provide a framework therefore for better decision making tomorrow.
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In trading, even experts and professional traders still face losses in some of their trades but a professional trader is not someone that doesn't lose a trade but is someone that has a good risk management plan, someone that doesn't allow their losses to outweigh their profit, someone that still remains in profit deposit their losses, someone that can control their emotions while trading, that's what a professional trader entails. Another thing is that, a professional trader doesn't trade in a random manner, they have an well organized trading plans and strategy that they work with and they are also well disciplined. Lastly, they always make profit. That's my opinion.
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In trading, even experts and professional traders still face losses in some of their trades but a professional trader is not someone that doesn't lose a trade but is someone that has a good risk management plan, someone that doesn't allow their losses to outweigh their profit, someone that still remains in profit deposit their losses, someone that can control their emotions while trading, that's what a professional trader entails. Another thing is that, a professional trader doesn't trade in a random manner, they have an well organized trading plans and strategy that they work with and they are also well disciplined. Lastly, they always make profit. That's my opinion.
There is no person who does not lose money while trading. Professionals are those who can manage money well and control their emotions to continue trading with the market conditions. Everyone can do trading, but very few traders can do it with patience, by keeping themselves in control, analyzing the market and training. And those who can do this are called professionals. They also lose, but they are at a normal level.
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There is no person who does not lose money while trading. Professionals are those who can manage money well and control their emotions to continue trading with the market conditions. Everyone can do trading, but very few traders can do it with patience, by keeping themselves in control, analyzing the market and training. And those who can do this are called professionals. They also lose, but they are at a normal level.
Indeed, they also experience losing, even in one day they can experience many losing, because they also do several trading pairs, either simultaneously or not. However, because they are professional traders, they can control their emotions and mentality very well. and assume that losing in trading is a common thing. and usually their losing is already controlled and meSPAM BANble, because they usually use CL / SL. so they already know how big the possibility of losing is. and they also have a better way than non-professional traders to be able to return their lost money with profits from other trading pairs, much bigger. of course because they are always ready for any condition, they analyze the market, they evaluate their strategy, yes the goal is to be able to recover the loss and get more profits.
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It's more like a trader who becomes a crypto influencer, they will get a lot of offers from the exchange to promote it and the second advantage is that they can use their referral link, of course, it is a double advantage as an influencer who has a lot of followers.
Professional traders are also not necessarily influencers, only a few are seen as active on social media by providing education and the like, and also have a strong community.
You are right I was talking about crypto influencers, or in other terms, we can say crypto celebrities. Haha, I have joined many crypto groups, and I have seen that if we want to make real profit in crypto, we have to make a community first. I made a family group in which I added all the family members, and the group is now of 20 members. 1 or 2 of them join the airdrops I shared with them, and only 1 (my cousin) liked this niche and joined a lot of airdrops.
The point is we have to start from somewhere, and if he thinks crypto has potential out of 20, then I need 200 more and then 2000. one by one I also want to make a crypto community, but making it is very difficult as I don't want to join staking and farming airdrops, but the real money is in them.
Without real community we can't make big profit in crypto (not talking about trading).
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what kind of person is it that you can call that person a professional trader?
I will refer to someone who has shown consistent result over the years with more profit than losses as a professional trader. it also has to be a title that is not self-acclaimed but a title that is earned from the results they have shown.
To do such a consistent thing is certainly not easy, it takes a lot of trial errors at first and of course the previous losses still look quite large.
People who get recognition as professional traders are those who are able to manage their money well and take advantage of every trend that occurs to make a profit and they get recognition as well because of the various trading sciences that are beneficial to others, not just enjoying their own profits.
Find some professional traders who share knowledge for free so that people can learn trading easily.
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what kind of person is it that you can call that person a professional trader?
I will refer to someone who has shown consistent result over the years with more profit than losses as a professional trader. it also has to be a title that is not self-acclaimed but a title that is earned from the results they have shown.
To do such a consistent thing is certainly not easy, it takes a lot of trial errors at first and of course the previous losses still look quite large.
People who get recognition as professional traders are those who are able to manage their money well and take advantage of every trend that occurs to make a profit and they get recognition as well because of the various trading sciences that are beneficial to others, not just enjoying their own profits.
Find some professional traders who share knowledge for free so that people can learn trading easily.
No one became an expert when he or she started and they didn't experience any mistakes, all experts went through errors. And we all know that here on the forum platform. In addition, we traders here also know that even if you are not a professional, you can still experience earnings in trading here in crypto.
Sometimes, isn't it true that the earnings of non-professionals are greater than those who can really be considered professionals? and I know that others may agree with me and others may not because we all have our own understanding of the matter we are talking about here.
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what kind of person is it that you can call that person a professional trader?
I will refer to someone who has shown consistent result over the years with more profit than losses as a professional trader. it also has to be a title that is not self-acclaimed but a title that is earned from the results they have shown.
To do such a consistent thing is certainly not easy, it takes a lot of trial errors at first and of course the previous losses still look quite large.
People who get recognition as professional traders are those who are able to manage their money well and take advantage of every trend that occurs to make a profit and they get recognition as well because of the various trading sciences that are beneficial to others, not just enjoying their own profits.
Find some professional traders who share knowledge for free so that people can learn trading easily.
No one became an expert when he or she started and they didn't experience any mistakes, all experts went through errors. And we all know that here on the forum platform. In addition, we traders here also know that even if you are not a professional, you can still experience earnings in trading here in crypto.
Sometimes, isn't it true that the earnings of non-professionals are greater than those who can really be considered professionals? and I know that others may agree with me and others may not because we all have our own understanding of the matter we are talking about here.
Becoming an expert takes time and learning to be able to train skills, especially in trading, even though a non-professional can get bigger profits, professional traders can get more consistent profits because they have expertise / that's why many traders want to become professionals because they want to get consistent profits and not just rely on luck.
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what kind of person is it that you can call that person a professional trader?
I will refer to someone who has shown consistent result over the years with more profit than losses as a professional trader. it also has to be a title that is not self-acclaimed but a title that is earned from the results they have shown.
To do such a consistent thing is certainly not easy, it takes a lot of trial errors at first and of course the previous losses still look quite large.
People who get recognition as professional traders are those who are able to manage their money well and take advantage of every trend that occurs to make a profit and they get recognition as well because of the various trading sciences that are beneficial to others, not just enjoying their own profits.
Find some professional traders who share knowledge for free so that people can learn trading easily.
No one became an expert when he or she started and they didn't experience any mistakes, all experts went through errors. And we all know that here on the forum platform. In addition, we traders here also know that even if you are not a professional, you can still experience earnings in trading here in crypto.
Sometimes, isn't it true that the earnings of non-professionals are greater than those who can really be considered professionals? and I know that others may agree with me and others may not because we all have our own understanding of the matter we are talking about here.
Becoming an expert takes time and learning to be able to train skills, especially in trading, even though a non-professional can get bigger profits, professional traders can get more consistent profits because they have expertise / that's why many traders want to become professionals because they want to get consistent profits and not just rely on luck.
It do really takes time and this is something that you do need up to consider out on which on the moment that you will be dealing up with trading then its of course that needing up that realistic approach on things specially when dealing up with a volatile market. Never make yourself that being too optimistic about on positive results on which we know that this will be that giving that desperation on which it isnt that good in overall. You would be calling yourself a professional trader on the moment that you do become that profitable or someone who do able to make money despite of the loses. Its important that you do know on what you are that dealing into.
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It do really takes time and this is something that you do need up to consider out on which on the moment that you will be dealing up with trading then its of course that needing up that realistic approach on things specially when dealing up with a volatile market. Never make yourself that being too optimistic about on positive results on which we know that this will be that giving that desperation on which it isnt that good in overall. You would be calling yourself a professional trader on the moment that you do become that profitable or someone who do able to make money despite of the loses. Its important that you do know on what you are that dealing into.
being too optimistic is not good because sometimes it makes us lose focus and cannot see in detail.
Getting profit from trading is the goal of every trader, but it must have a reasonable target. and if it has reached the target, we should sell our coins, even though we are optimistic that the market will rise again, but sometimes being too optimistic is also not good because it will cause greed that makes us lose.
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I do not think there is a standard level that someone needs to meet in order to be called a professional trader. You can trade as little as you prefer and it should suffice in being called a professional trader.
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This just crossed my mind op, as individual traders, is it necessary or a requirement for us to be professional traders to make a profit? I am not a professional trader, nor am I an expert trader, rather I only have a little knowledge of trading skills anyway.
I have a perception of things when it Comes to professional traders , for me a trader is professional when he trades with large amounts , approximately $1M, for me a Professional trader is that , Otherwise there may be other things to consider that are what Everyone Normally Says.
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Then what do you think? Do you have someone who is your reference for learning trading?
no not really everything i know of trading came from the forum or from books i have read in the passing but not really any individual that i specifically go to
Or what kind of person is it that you can call that person a professional trader?
to me anyone who does trading as their day job is what i would call a professional trader
because trading has now become his profession and he is dedicating so much of his time towards it
I would argue that being a professional trader goes beyond just dedicating time to trading, while commitments is essential a professional trader is someone who has mastered their craft, demonstrate consistency and continously improving in their skills being a professional trader requires more than just time commitment, it demands a combination of skills, knowledge and personal qualities.
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It do really takes time and this is something that you do need up to consider out on which on the moment that you will be dealing up with trading then its of course that needing up that realistic approach on things specially when dealing up with a volatile market. Never make yourself that being too optimistic about on positive results on which we know that this will be that giving that desperation on which it isnt that good in overall. You would be calling yourself a professional trader on the moment that you do become that profitable or someone who do able to make money despite of the loses. Its important that you do know on what you are that dealing into.
being too optimistic is not good because sometimes it makes us lose focus and cannot see in detail.
Getting profit from trading is the goal of every trader, but it must have a reasonable target. and if it has reached the target, we should sell our coins, even though we are optimistic that the market will rise again, but sometimes being too optimistic is also not good because it will cause greed that makes us lose.
Being optimistic will be causing up that kind of missing opportunity at the moment or time that you do made out such profit but since you are still that optimistic that the price might go up even more then this will be that resulting into holding up your position even more. You should set out those profit taking or securing it out on which this do really need up to consider when you do make trades. Being professional do talks about on how consistent you are with your trades on which despite of those loses then you can be still able to make money in the end of theday and thats what people should be that targeting on. Totally that impossible that you wont really be able to determine on which is ideal and which is that too much.
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Being optimistic will be causing up that kind of missing opportunity at the moment or time that you do made out such profit but since you are still that optimistic that the price might go up even more then this will be that resulting into holding up your position even more. You should set out those profit taking or securing it out on which this do really need up to consider when you do make trades. Being professional do talks about on how consistent you are with your trades on which despite of those loses then you can be still able to make money in the end of theday and thats what people should be that targeting on. Totally that impossible that you wont really be able to determine on which is ideal and which is that too much.
Maybe it means being too optimistic. Having optimism is actually good, but don't be too over. Plus, being optimistic but accompanied and equipped with good and wise abilities in trading cryptocurrency. because, nothing is easy in this case, crypto trading is complex and difficult, the risk is also high. that's why we really need extra efforts to do it, starting from a beginner to a professional, of course it won't be that easy, there must be a tough process that must be gone through and it must be tiring. it's just that, if the results are worth it, then that's what makes the traders strong and able to endure it.
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The word is ambiguous. I suppose if someone make a few trades here and there every month, they might consider they are a trade whereas some might make several trades every week and consider they are not traders.
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Sometimes, isn't it true that the earnings of non-professionals are greater than those who can really be considered professionals? and I know that others may agree with me and others may not because we all have our own understanding of the matter we are talking about here.
Sometimes a lucky factor makes us earn more than those who are already professionals.
But those who are already professionals already have clear rules for how they trade.
Investing or trading is our own responsibility and this will be a portfolio that needs to be built well through an understanding of the investments that are being carried out, professional or not, the most important thing is how you can manage it.
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Sometimes a lucky factor makes us earn more than those who are already professionals.
But those who are already professionals already have clear rules for how they trade.
Investing or trading is our own responsibility and this will be a portfolio that needs to be built well through an understanding of the investments that are being carried out, professional or not, the most important thing is how you can manage it.
Luck does not play a significant role in trading. Trading is not gambling, where luck is the deciding factor. Research, discipline, and risk management are the elements that can help traders succeed in the long run. A trader must keep up with market trends and keep an eye out for market information.
The trader can make analysis and trading decisions that will result in long-term success with the help of market knowledge. No matter how much information a trader has, the market will always be volatile. As a result, traders must always follow their trading plan in order to profit in the long run, regardless of market volatility.
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Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
what you said is true, it's just that I have an addition, when someone is called a professional trader, they must have basic knowledge, even if they have been in the trading world for a long time, they must have a lot of knowledge and experience in trading. not only that, a professional trader must have a strategy and goal so that what he is doing now can make a profit, I am not surprised to see people with a lot of money because they try and work hard to achieve their dreams. if we want to be like those who have a lot of money, try as hard as possible so that our dreams come true.
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Sometimes a lucky factor makes us earn more than those who are already professionals.
But those who are already professionals already have clear rules for how they trade.
Investing or trading is our own responsibility and this will be a portfolio that needs to be built well through an understanding of the investments that are being carried out, professional or not, the most important thing is how you can manage it.
Luck does not play a significant role in trading. Trading is not gambling, where luck is the deciding factor. Research, discipline, and risk management are the elements that can help traders succeed in the long run. A trader must keep up with market trends and keep an eye out for market information.
The trader can make analysis and trading decisions that will result in long-term success with the help of market knowledge. No matter how much information a trader has, the market will always be volatile. As a result, traders must always follow their trading plan in order to profit in the long run, regardless of market volatility.
Maybe it's not luck, but still timing is everything not just in trading. Even for just a few minutes that you missed a trade, it could spell a big difference from profiting $100 to $1000. So everything should be align and perfect.
Of course there are successful traders in the market, it might that they have dedicated their time to learn a lot of tips and tricks. But sometimes even if you analyzed the trend and you see that is the correct move. It might not be right after all.
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You're not the one to tell people on how professional you're when it comes to trading, you must know that this is the sole evidence required from you that others may have to see from your past trading performance, this alone is more convincing because you're able to proof them on what you can offer and have been capable of over time, being a professional trader entails having successful results of making trades which are profitable and enviable by others.
I think if someone is a professional trader then he must have made a few trades every month or a few trades in a week. And besides doing this trade, if he can improve his life by being involved in trading or can help someone else in this trading or his every trade shows signs of improvement, he can be called a professional trader.
But I think if there is someone like that then he must have someone else help him in this regard. Or there are many forums where they should explain it with their posts.
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You're not the one to tell people on how professional you're when it comes to trading, you must know that this is the sole evidence required from you that others may have to see from your past trading performance, this alone is more convincing because you're able to proof them on what you can offer and have been capable of over time, being a professional trader entails having successful results of making trades which are profitable and enviable by others.
I think if someone is a professional trader then he must have made a few trades every month or a few trades in a week. And besides doing this trade, if he can improve his life by being involved in trading or can help someone else in this trading or his every trade shows signs of improvement, he can be called a professional trader.
But I think if there is someone like that then he must have someone else help him in this regard. Or there are many forums where they should explain it with their posts.
Performing in the world of trading makes us come to realise that success in trading does not happen as we carry out normal trading. Sometimes, it seems that professionals work more on the market, devote more attention and time to analyses, risk and developing a great strategy. It requires not only the knowledge of technical techniques but also the mind-set on the market predicting and handling the revulsions. Here, what has been discussed regarding the quality of trading system is a much greater dimension than the question of making good money. This comprises more significant information about how trading could be the way to improve one’s financial position, and it is considered as a way to help others. At times, it may be frustrating to ponder a problem for a long time or we need to look for new ideas on what to do and forums or consulting other traders is beneficial.
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Luck does not play a significant role in trading. Trading is not gambling, where luck is the deciding factor. Research, discipline, and risk management are the elements that can help traders succeed in the long run. A trader must keep up with market trends and keep an eye out for market information.
Luck is only part of it and it is true that one of the important factors is disciplined research and risk management as well as how to conduct technical and fundamental analysis to determine where the price will go.
Market trends are constantly changing and as a trader you have to know how the market will move.
It will not be fully known, but there are many signs that will occur if we observe carefully.
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Luck is only part of it and it is true that one of the important factors is disciplined research and risk management as well as how to conduct technical and fundamental analysis to determine where the price will go.
Market trends are constantly changing and as a trader you have to know how the market will move.
It will not be fully known, but there are many signs that will occur if we observe carefully.
Exactly, luck is like a blessing that if we get it, we enjoy it, but we cannot guarantee that it will be there in every decision and trading action of ours every time, because luck cannot be controlled.
while our various efforts, preparations, understanding, discipline, and management skills, that's what we can get, prepare, and establish, so that we can create greater opportunities to get more significant and sustainable gains.
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Luck is only part of it and it is true that one of the important factors is disciplined research and risk management as well as how to conduct technical and fundamental analysis to determine where the price will go.
Market trends are constantly changing and as a trader you have to know how the market will move.
It will not be fully known, but there are many signs that will occur if we observe carefully.
Exactly, luck is like a blessing that if we get it, we enjoy it, but we cannot guarantee that it will be there in every decision and trading action of ours every time, because luck cannot be controlled.
Yes, luck can never be predicted, it can happen at any time. No one can ever guarantee that my luck can change now. When we trade, we think that maybe we can achieve success here depending on luck. But this is one of the things about trading. Because this training does not depend on luck, but here you have to use your own knowledge and choose your own path. Or you have to consider a market well and know the fundamentals and then move forward here.
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Luck is only part of it and it is true that one of the important factors is disciplined research and risk management as well as how to conduct technical and fundamental analysis to determine where the price will go.
Market trends are constantly changing and as a trader you have to know how the market will move.
It will not be fully known, but there are many signs that will occur if we observe carefully.
Exactly, luck is like a blessing that if we get it, we enjoy it, but we cannot guarantee that it will be there in every decision and trading action of ours every time, because luck cannot be controlled.
while our various efforts, preparations, understanding, discipline, and management skills, that's what we can get, prepare, and establish, so that we can create greater opportunities to get more significant and sustainable gains.
You are right, luck is a blessing, but we cannot always rely on luck. That's why we must always learn and practice making analysis and developing the right strategy so that in investing and trading we can get profit and don't rely too much on luck, because sometimes luck doesn't come often to our lives.
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We see many people who have assets of millions or even billions of dollars, and they do not claim to be professional traders, and there are those who have only made tens of dollars or maybe hundreds of dollars, and they claim to be professional traders... there is nothing wrong with that, but this claim sometimes makes many people have different disclaimers.... this is indeed not important for some people, but for others who need a role model, a true professional trader is what should be sought...
In my personal opinion, a professional trader is someone who can generate regular profits, and can be repeated, it does not matter how much profit because it can be adjusted in the future, as long as it can be repeated and is sure that it will produce results without breaking the law... I can call him a professional trader...
Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
I consider a professional trader as someone whose approach to trading is more business-like. One who makes a vocation and livelihood from trading than just leisure activity. One whom pushes over and again for growth and profit making, learning daily how to properly manage the diverse risks associated with trading and still win.
Moreover, being a profession trader doesn't necessarily mean they won't record loses but whose margin of profit greatly exceeds the loses.
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You are right, luck is a blessing, but we cannot always rely on luck. That's why we must always learn and practice making analysis and developing the right strategy so that in investing and trading we can get profit and don't rely too much on luck, because sometimes luck doesn't come often to our lives.
Someone who expects luck to keep coming is a sign that they are not trying to learn how to do good and correct strategies and learn the basics of good trading.
Relying solely on luck in the end will be nothing to gain, Hoping for an investment that they don't even understand.
I myself am trying to learn how to do technical and fundamental analysis in order to know how the crypto market works, so that it is not just guesswork, but I have the basics of determining where the price is going and I know what to do.
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As stated earlier, a professional trader can be someone that makes regular or irregular trades. The number of trades completed should not determine his credentials. Even though it might sound strange, he does not need to make a profit in order to be a professional trader because they can make mistakes.
In my personal opinion, a professional trader is someone who can generate regular profits, and can be repeated, it does not matter how much profit because it can be adjusted in the future, as long as it can be repeated and is sure that it will produce results without breaking the law... I can call him a professional trader...
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As stated earlier, a professional trader can be someone that makes regular or irregular trades. The number of trades completed should not determine his credentials. Even though it might sound strange, he does not need to make a profit in order to be a professional trader because they can make mistakes.
Mistakes are inevitable, the most important thing on here is on how you do able to find yourself sustainable. Its true that it doesnt matter whether you are dealing up with more trades or much more lesser trades. There are those intraday traders and there are those who are swing traders on which means that duration and the number of trades will definitely differ to each other. Professional traders are those people who do able to sustain up their trading despite of the loses on which this is the primary target that you should trying out to achieve. It might takes time but its not something imposisble for a trader to achieve on.There are really just that those situations that you do rush up yourself on trying out to learn things and this what makes up some kind of desperate on which this isnt good.
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Luck is only part of it and it is true that one of the important factors is disciplined research and risk management as well as how to conduct technical and fundamental analysis to determine where the price will go.
Market trends are constantly changing and as a trader you have to know how the market will move.
It will not be fully known, but there are many signs that will occur if we observe carefully.
Exactly, luck is like a blessing that if we get it, we enjoy it, but we cannot guarantee that it will be there in every decision and trading action of ours every time, because luck cannot be controlled.
while our various efforts, preparations, understanding, discipline, and management skills, that's what we can get, prepare, and establish, so that we can create greater opportunities to get more significant and sustainable gains.
You are right, luck is a blessing, but we cannot always rely on luck. That's why we must always learn and practice making analysis and developing the right strategy so that in investing and trading we can get profit and don't rely too much on luck, because sometimes luck doesn't come often to our lives.
Yes, what you said is absolutely right. Luck is a real blessing but we should not always depend on it. We should try to do something on our own and start analyzing using our own strategy and our own talent. And gradually become a professional investor. And we should make our analysis correct so that we can get profit from it. So we should not always depend on luck but we should try to use our own knowledge.
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We see many people who have assets of millions or even billions of dollars, and they do not claim to be professional traders, and there are those who have only made tens of dollars or maybe hundreds of dollars, and they claim to be professional traders... Or what kind of person is it that you can call that person a professional trader?
I think most of these guys are investors not traders. Most of them just let their money do the whole task and since they have millions of dollars to risk in investing, they literally would benefit more from even the smallest pumps in the market. Traders most time have to understand the market and experience it themselves. Though before you tell your self that you are a professional, you must at least have a good proof not to the public but to your self. What kills the most in trading is over confidence and you trying to tell the public you have arrived when you haven't fully understood the market dynamics.
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Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
Reference? None.
My definition of a professional trader? Consistent profit on a monthly basis. Simple as that. :) Let's not over complicate things at least. I consider a trader a professional trader when they're making profits consistently for the past 1-2 years. Making profits in trading can be very easy, but to do it consistently is very hard.
Yeah I think I agree with you on this,
So many traders out there claim to be experts or professionals but for many I won't agree because they haven't met the task of achieving mostly profits consistently and by this I don't exclude losses because it's almost impossible to achieve this without losing one or two times but the winning margin but be flowing consistently and ofcourse be of a very greater margin than that of the acclaimed expert who losses but chooses to tell only his winnings.
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Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
Reference? None.
My definition of a professional trader? Consistent profit on a monthly basis. Simple as that. :) Let's not over complicate things at least. I consider a trader a professional trader when they're making profits consistently for the past 1-2 years. Making profits in trading can be very easy, but to do it consistently is very hard.
Yeah I think I agree with you on this,
So many traders out there claim to be experts or professionals but for many I won't agree because they haven't met the task of achieving mostly profits consistently and by this I don't exclude losses because it's almost impossible to achieve this without losing one or two times but the winning margin but be flowing consistently and ofcourse be of a very greater margin than that of the acclaimed expert who losses but chooses to tell only his winnings.
It is easy for me to see why you worry and do not trust many people who claim to be professionals. In the world that is rather free and open, as the example with cryptocurrencies, it is incredibly simple to seem to have the perception of only one side of the storey. However, when only success is portrayed, this picture is not very accurate and much more can be told. In fact, true ability is in the ability to accept failure and losses and to come out of it a winner. In the case of a positively honest person, this will come Speak in the long run without practising deceit or inflating numbers. As for the individuals, I rely more on those who not only stay in the background but who do not need to remind everyone about their performance every time the market rises.
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We see many people who have assets of millions or even billions of dollars, and they do not claim to be professional traders, and there are those who have only made tens of dollars or maybe hundreds of dollars, and they claim to be professional traders... there is nothing wrong with that, but this claim sometimes makes many people have different disclaimers.... this is indeed not important for some people, but for others who need a role model, a true professional trader is what should be sought...
In my personal opinion, a professional trader is someone who can generate regular profits, and can be repeated, it does not matter how much profit because it can be adjusted in the future, as long as it can be repeated and is sure that it will produce results without breaking the law... I can call him a professional trader...
Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
First and foremost, I will say that there is no such thing as professional traders, because those guys or ladies you think to be doing well are still in the process of becoming, they are still learning everyday, there are a whole lot of things that they haven't even known yet. However for the purpose of this post, I will say that for we to say that one is a professional in trading, that personnel must have been able to to properly navigate and understand the crypto or forex space, such that that individual generated high level of profit on every trades he make that is if course if he is a crypto trader. Having numerous coin or Bitcoin stash away in your wallet without having a constant flow of more coins or profit doesn't make one a professional trader, rather he or she is just a hussler who is saving for the future
Another way to know if one is a professional in trading is that that person is always current on everyday trends, infact he or she is current on news and happing not just in his country but of other countries.
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We see many people who have assets of millions or even billions of dollars, and they do not claim to be professional traders, and there are those who have only made tens of dollars or maybe hundreds of dollars, and they claim to be professional traders... there is nothing wrong with that, but this claim sometimes makes many people have different disclaimers.... this is indeed not important for some people, but for others who need a role model, a true professional trader is what should be sought...
In my personal opinion, a professional trader is someone who can generate regular profits, and can be repeated, it does not matter how much profit because it can be adjusted in the future, as long as it can be repeated and is sure that it will produce results without breaking the law... I can call him a professional trader...
Then what do you think? Do you have someone who is your reference for learning trading? Or what kind of person is it that you can call that person a professional trader?
First and foremost, I will say that there is no such thing as professional traders, because those guys or ladies you think to be doing well are still in the process of becoming, they are still learning everyday, there are a whole lot of things that they haven't even known yet. However for the purpose of this post, I will say that for we to say that one is a professional in trading, that personnel must have been able to to properly navigate and understand the crypto or forex space, such that that individual generated high level of profit on every trades he make that is if course if he is a crypto trader. Having numerous coin or Bitcoin stash away in your wallet without having a constant flow of more coins or profit doesn't make one a professional trader, rather he or she is just a hussler who is saving for the future
Another way to know if one is a professional in trading is that that person is always current on everyday trends, infact he or she is current on news and happing not just in his country but of other countries.
Becoming a professional trader is not easy and takes a long time because becoming a professional requires practice and always learning to see the market and have the right strategy.
I am also not a professional because I am still learning in trading in order to collect profits and this is a process to become a professional trader we have to learn, who knows until when
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Exactly, luck is like a blessing that if we get it, we enjoy it, but we cannot guarantee that it will be there in every decision and trading action of ours every time, because luck cannot be controlled.
Yes, luck can never be predicted, it can happen at any time. No one can ever guarantee that my luck can change now. When we trade, we think that maybe we can achieve success here depending on luck. But this is one of the things about trading. Because this training does not depend on luck, but here you have to use your own knowledge and choose your own path. Or you have to consider a market well and know the fundamentals and then move forward here.
That is why it will never be easy to do cryptocurrency trading which does have quite a high risk, because it cannot be laid on luck only, because this is not gambling. So, if there is really no mature preparation to do trading, it is better not to do it first, it is better to focus on learning first about various things that affect trading activities and their results. rather than doing it without preparation and only risking our money into loss.
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Exactly, luck is like a blessing that if we get it, we enjoy it, but we cannot guarantee that it will be there in every decision and trading action of ours every time, because luck cannot be controlled.
Yes, luck can never be predicted, it can happen at any time. No one can ever guarantee that my luck can change now. When we trade, we think that maybe we can achieve success here depending on luck. But this is one of the things about trading. Because this training does not depend on luck, but here you have to use your own knowledge and choose your own path. Or you have to consider a market well and know the fundamentals and then move forward here.
That is why it will never be easy to do cryptocurrency trading which does have quite a high risk, because it cannot be laid on luck only, because this is not gambling. So, if there is really no mature preparation to do trading, it is better not to do it first, it is better to focus on learning first about various things that affect trading activities and their results. rather than doing it without preparation and only risking our money into loss.
I agree with how you see it. Trading is not an instant game and cannot be guessed based on luck all alone. Some people cannot face aspects, whether those things don’t come together as expected. If you choose to take a break, re-examine your understanding, and then decide the appropriate time to move, you are not wrong. In my case, for example, being calm about it and not the forced thing trying to move even in a situation that I am not prepared for is a better thing than just keeping moving because you want to enter a trend quickly even though you don’t fully understand it.
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Exactly, luck is like a blessing that if we get it, we enjoy it, but we cannot guarantee that it will be there in every decision and trading action of ours every time, because luck cannot be controlled.
Yes, luck can never be predicted, it can happen at any time. No one can ever guarantee that my luck can change now. When we trade, we think that maybe we can achieve success here depending on luck. But this is one of the things about trading. Because this training does not depend on luck, but here you have to use your own knowledge and choose your own path. Or you have to consider a market well and know the fundamentals and then move forward here.
That is why it will never be easy to do cryptocurrency trading which does have quite a high risk, because it cannot be laid on luck only, because this is not gambling. So, if there is really no mature preparation to do trading, it is better not to do it first, it is better to focus on learning first about various things that affect trading activities and their results. rather than doing it without preparation and only risking our money into loss.
If you are a complete noob then the best approach is to have some demo trading first before you would be trying out to deal up with real balances. It might give out that complete learning but it will be a good initiative at the moment that you do become that wary about on technical aspects then this is the time that you do consider out on trying to make some live trading on which this is where you do able to find yourself having that kind of learning on emotional aspects and thats what you should be trying out to consider. So at the time that you do able to have that good grasps on how this market works then try out to make use of real capital and of course you should make it small first and trying out to make that balance bigger.
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A professional trader is a person who works in finance. And invests as a trader or in a full-time role, sometimes or as a hobby. And they rely on their own knowledge and their own training, they apply them to a currency and analyze the currency well and invest there. They can work for themselves in a trading company, in an asset management firm or as a freelance trader for individual clients. And the way each currency is analyzed is almost the same. We can call a professional trader a professional trader who works for multiple days in the hope of profiting from long-term market fluctuations.
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If you are a complete noob then the best approach is to have some demo trading first before you would be trying out to deal up with real balances. It might give out that complete learning but it will be a good initiative at the moment that you do become that wary about on technical aspects then this is the time that you do consider out on trying to make some live trading on which this is where you do able to find yourself having that kind of learning on emotional aspects and thats what you should be trying out to consider. So at the time that you do able to have that good grasps on how this market works then try out to make use of real capital and of course you should make it small first and trying out to make that balance bigger.
Learning to trade on a demo account can be beneficial, but it does not provide the trader with emotional experience. A trader using a demo account will not panic because the money is not real, he loses nothing, and the experience is incomplete.
Most of the time, the experience gained using a demo account is not the same as what the trader will encounter when he begins real trading. I believe that in order to learn trading more effectively, a trader should spend less time trading with a demo account. The trader should be willing to engage in actual trading without fear of losing money.
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There is no real definition to describe what a professional trader is (or what actions someone has to undertake in order to be called a professional trader). The thread is full of examples of what could or should be definitions but it will remain down to matters of opinion.