Topic: Life of a Forex professional trader (Read 2069 times) previous topic - next topic

Life of a Forex professional trader
Many of us dream of becoming a professional Forex trader. But have you ever imagined, how much they have to sacrifice to reach this position? They are not like us, who get up from the bed at 9 am, eats our breakfast at 12 pm, places some trade at 3 pm and checks to see the amount of lost money in 9m and goes to bed with a hope of making a wonderful strategy out of thin air. They are really professional, both in their personal life and in their trading life. They may get up from bed late, but they do not sit at their chair to catch a strategy from the air. They [practice and develop their strategy. But is only a little view of their life. Professional trader's life has much more.

A peek into a professional trade's life
 We will not talk about the personal time of a professional trader here. Everybody has a family and you are a disgrace to a human being if you do not love and spend time with your family. Trading in Forex does not mean you have to become isolated from all of your loved ones. Here, we will try to talk in brief about their working hours and style in their trading career.

Keeping note of everything: Traders who are professional, they keep a track of everything in Forex. If a signal is fluctuating, if a market is not moving or if there is any shopping situation in the market, you can find all of this information in their notebook. You may think what its use is when there is a record of every data of Forex every day. You can always check the market condition of any day online. But keeping a notebook and making contact with your brain and eyes are two different things. They help you to stay sharper. If you look at the professional traders then you will see that all of them are trading with a reputed broker like Saxo since they offer excellent trading opportunities to the traders in the market. It's highly imperative that you have a robust online trading platform since it will allow you to do the perfect technical analysis in the market.

Analyzing the market: Professional traders do not jump into the market. They analyze the market from all angles. If there is any trade suitable that may fall in their strategy only then they place a trade. If there is nothing to trade, they do not trade. They do not cry over the market if they are not trading rather they wait for the best possible setups in their online trading platform.
Placing few trades: You may think in Forex trading, the more the merrier. Well, it is not true. They place only that selected trades that they have targeted. They do not carry a machine gun with them to place trades in every hour in their online trading platform rather they look for precise entry in the market

Accepting loss: This is their biggest strength. If they experience a loss, they do not roll down on their bed and cry all night. They accept the loss in Forex.

Conclusion: If you can learn something from the professional traders' life, you can improve your trading on a large scale. They professional traders strongly focus on high-quality trade execution in the market and they lead a much disciplined life. So if you truly want to become a professional trader in the forex market make sure that develop the characteristics trait of the pro traders.