HOW TO BECOME A PROFESSIONAL TRADER

Today we are going to talk about trading earnings.

Many of you have heard about this, but only a few have tried it. Meanwhile, people who know this drill are making large amounts of money on trading platforms. Let’s understand a few important things that will help you start trading from scratch and reach a good stable income.

HOW TO BECOME A PROFESSIONAL TRADER

VIPDEPOSITS AND TRADING

We are going to talk about this online earning industry for two reasons. Firstly, the trading mechanism itself is very similar to gambling. When making a deal, you constantly have to face the risk and deal with unknown factors. Even the biggest players cannot predict with certainty the behavior of particular instrument in the future. Everything is based on assumptions. The profit lies precisely in the ability to predict and work with the “inaccuracy buffer”.

Secondly, Skrill and NETELLER e-wallets are best suited as payment methods on trading platforms.

WHO IS A TRADER?

Trading is based on a simple formula: buy cheaper and sell more expensive. The word “speculation” is best suited to this process, but you should not perceive it badly despite the negative connotation. This word is generally accepted in trading.
It turns out that the trader is the one who makes money on the price difference. At first glance, it is extremely clear how to act in order to win in trading. But there is a stumbling block: the relative nature of the concepts of “cheap” and “expensive”.


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Trading is carried out by brokers. These are companies that provide software to create a purchase/sale order for various financial instruments.

You must understand that there is no “easy” money in trading. If you want to start trading and make money on it, then you need a total commitment in this activity and constant practice.

HOW CAN A NEWBIE BECOME A TRADER?

1

COMPLETE BASIC TRAINING

To understand the essence of trade, you need to know its basics: how a broker differs from a dealer; you should know the meaning of “spread”, “swap”, “margin”, “leverage”, etc. As a result, in the future, you will be able to read books and relevant materials on the topic of trading, watch videos of professional analysts and develop.

WHERE CAN I DO THE TRAINING?

There is a large amount of courses available online for free where trading is explained in detail. In addition, there are sections for newbies on the websites of popular brokers where you can find a lot of useful information.

2

CHOOSE A BROKER AND LEARN TO WORK IN THE TERMINAL

Decide on a trading platform. Check the availability of licenses on the official websites of regulators. Read reviews to assess how trustworthy your partner is.
After you make your choice, download the terminal (software) through which you will be working.
Create a demo account to learn how to use the software. For example, you may learn deal-making process or track performance. A demo account is a great opportunity to test different strategies.

3

CHOOSE A STRATEGY

With the help of our future materials and resources, you will learn how to correctly formulate an action plan on the positions of interest. And also we will analyze classic, time-tested trading patterns. You can personally test them and give us a feedback.

4

DO NOT STOP LEARNING

Trading training should be non-stop. You cannot be complacent. Always keep learning and improving.

5

KEEP PRACTICING

You can read many books and articles, attend seminars and review all the available materials, but without practical application there will be no benefit. Experience is built on analysis, and analysis is built on experience.

The ability to analyze many factors correctly, foresee and make smart decisions is what distinguishes a professional trader from a hobby player.

Another important step towards a successful trading is the building of your individual style.

CHOOSE YOUR OWN TRADING STYLE

We will continue the analogy with gambling. Each player has his own style. For example, in poker, someone players prefer to play MTT, and some prefer cash. Some choose aggressive bankroll management, others approach the game as conservatively as possible, allocating thousands of buy-ins to the limit. There are different approaches in betting: either you put it down broadly, making a profit on the difference of the odds, or you hit it pointwise by analyzing transfers, the quality of the game, the form of teams and players.
In a similar way, trading is diverse. Below are some options and approaches to trade:

1

BY MARKET SEGMENT

The main trading instruments can be divided into the following groups: currencies, securities, raw materials and goods.

2

DURATION

One of the key classifications of players is the length of the trading period.
The main types of traders by duration:

  • scalper (the deal lasts from 1 to 5 minutes);
  • day trader (positions are closed within one trading day);
  • medium-term trader (timeframe from 1 day to 1 week);
  • long-term trader (from several weeks to several months).

3

BY TYPE OF ANALYSIS

There are two types of analysis: fundamental and technical.
The fundamental analysis is based on events, news and insider information. Traders keep their finger on the pulse of the tabloids, tracking the entire flow of incoming data. At the same time, it is important not only to catch the necessary information and analyze it, but also to manage to reflect this change on the transaction, while it is still relevant.


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Technical analysis is based on self-isolation from information noise and focusing on price behavior. The three main axioms of technical analysis are:

  • The price takes everything into account;
  • The price is cyclical and repetitive in nature;
  • The trend is market-driven.

4

MONEY MANAGEMENT (BANKROLL MANAGEMENT)

An aggressive approach to conducting transactions exposes the entire deposit or most of it to risk. It is important to understand that this is a very dispersive process, and there is always a probability of losing everything. On the other hand, in the event of a successful outcome, it is possible to make large profits.

The conservative approach is based on a cautious and systematic investment of funds. Income of 5-7% per month from the amount in the account is a very good indicator. Based on the estimated rate of return, you can calculate the amount of the initial deposit to be made.

HOW TO DEPOSIT AND WITHDRAW MONEY FROM TRADING?

In order for trading to be successful, it is important to choose a reliable method of depositing and withdrawing funds. Undoubtedly, the best solution is using Skrill or NETELLER e-wallets.
Below are some of their advantages:

  • they are accepted by most brokers;
  • deposits and cashouts go instantly;
  • guarantee of safety and reliability;
  • anonymity;
  • active users get VIP statuses.

Register with Skrill and NETELLER through our loyalty program to obtain VIP statuses on preferential terms. Also, customer support to resolve any payment-related or verification issues will be available to you 24/7.


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