Why Professional Traders Make Money And You Do not

I'm sure you think what works for long lasting professional businessmen. It's easy to hit some winners, but how can you put it in more consistent, long-term business success, that you can turn into full-time income? Are the professional traders apart from you?

The common day in the life of a pro-businessman is probably very different from yours, they think about what they do, many can learn from the daily habits of a professional. The novice trader is running to see the chart, is desperate to find a business, while the professional is going peacefully about himself or his routine because he knows that there is no hurry.

The mind of a pro trader and how they think

Professional traders understand their own minds and how their personality can interfere with their business success. They have identified and worked to solve these mental problems, resulting in a better businessman and person. Some of these issues are over-trading / gambling in the market, entering into a business, greedy, are afraid of having something to take revenge.

 It is necessary to develop a profitable business mindset to become a professional trader. It is something you should work on, it just does not 'happen' it starts with education, with learning about the loss of common business and understanding why you make them, then they have to fight for one Planning and hoping, to defeat them forever.

• Professional traders know they may not always be in a trade

Bulk of pro-trader are not a day-trader, because very clear, it is very difficult to succeed in day-to-day business. Most pro-merchants are calculating swing traders who know what they are seeing. Therefore, professional businessmen do not have to think about the market or want to be in a business. They think more fair about it; "Is my business on the coast? If so, then I execute my business plan, if not, I do not do business, no big deal either". The primary difference in the mentality between an amateur and a professional businessman is that the professional does not have any urgency in his business approach.They are playing only sports because they want to win it, not because they are 'trying' to make money. There is enough sub-product to win everything well to make money.

• Professionals trade when most people are too afraid to trade

In comparison to someone else, the identity of a professional businessman is that they do business, while others will not. Perhaps more specifically, a professional businessman will be in the opposite side of a business in particular than any amateur.
As an example - a tendency may be very "old", as if it should end any day, but professionals know that markets can go far beyond thinking; Even when it looks 'very high' or low, the market expansion can continue.Thus, there will be no problem in selling a professional trader in 'very high' tendency or 'very little' downtrend, whereas the amateur trader will try to take up or down and the trend will be closed for sustained loss, the trend is essentially continuing.

The strategy of a professional trader

Professionals traders wait patiently for trading strategy to setup .it can not always be just a price pattern or EMA crossover as black and white; Some professionals just know that market conditions are ripe for an entry. It can be a combination of technical and fundamental knowledge or just one or the other. The thing here is that a professional knows what they want and they do not waste energy and money that are running after something which they are not actually looking for. They have developed and developed alongside their business through years of trial and error, which have developed a strong stomach to read charts and market analysis.
They believe in their business strategy and they do not doubt whether it works or if they should use it. If you are not buying your strategy with 100% confidence then you need to think again about that strategy and learn a new one.

Capital management and managing risk

Professional is a risk and money management plan. that you dont have, is if you are losing money. Do you understand why risk management is so important? Do you understand capital protection? Do you understand the importance of creating a proper exit strategy for every business? Professionals understand these things and they have plans for them.

 Being aware of not trading correlated markets

A professional trader knows that by not reducing risk properly and trading correlated markets as a result, they have to face maximum risks that are comfortable with them. You should definitely understand market correlations and make sure that you are not doubling business conditions of two markets simultaneously, which are very correlated, for example, like EURUSD and GBPUSD.

Being aware of current market volatility, stop distance changing

Professional traders have awareness of market volatility; They understand that instability often changes and they know that according to them their viewpoint needs to be adjusted. For example, you will not use the same stop loss distance or profit target in a market that has very little volatility, as you would with high volatility.

Trading plan

A professional trader has to built his trading plan on a solid foundation, in which there are three main points: mentality, method and money. I refer to this as "3 meters of business" without a strong understanding of all three of M, without ownership and development, you will not succeed.You have to build the foundation of merchants that are 3m is. If your money management is closed, even if your strategy and mental state are at one point, you will fail. The same goes for other parts, if one of the three is closed, then you will not be able to make it.

Professionals Continue to Learn & Study

Professionals have a quality that they learn from others, who are more experienced than them. Do not be afraid of this, that you do not know all this and seek instructions and insights from others who know more than you.

A poor man is someone who thinks he knows each and everything and his knowledge does not require continue to grow. The rich man is humble and knows that to earn his fortune he should continue to read, the thirst for knowledge and personal development is greedy. 

So, if you really want to start trading and want to making money through trading, start today and learn how to trade, keep learning and never stop, If you want Forex signals then please fill the form.