How to become a professional trader ? | Top 3 steps to become a professional trader

Rules to follow to become a professional trader

1- Rule no. 1

"Do not trade without a proper trading system". It will take some time to come up with one, yet it is totally worth the effort because this is what that will make it sure that your money is on a safer side.  One month of effective trading with good profit is enough to prove the system's effectiveness and winning statistics. However, you should take into account the psychological differences between trading on demo and real accounts when making the switch because once you switch from the demo to a real account your emotional factor will add in your trading session.

2 - Rule no. 2

Your goal as a trader is to learn what things do not fit your strategies and avoid them completely, after all, things which are of no use and are harmful must be removed. Another reason for that is simple: when you run out of money because of these nonworking factors in your strategy, your trading journey will come to an end because with no money the only option you have is to trade on a demo account which will at the end make zero difference in your real life. Ultimately, "you do not want to risk real money before you know what trading really is", as it is the easiest way to lose your entire trading capital.

3 - Rule no. 3

Do not trade when you are emotional. You have probably already heard this before many times but we all know that there is a big difference between reading about how to control emotions and in actual control. Yet, it is arguably the most important piece of information you can get on trading. You make sound choices when you keep calm and cool-headed on the other hand you make bad decisions when you are out of control and in your emotional influence. Your trading decisions should come from your trading strategy, not your judgment or your gut feelings. Whenever you find yourself in an emotional state when you win or lose, always watch yourself because this is the time when you will lose your control and will start relying more on your greed or fear.

 

There are certain things you might want to avoid, using a third-party trading system or a newsletter is a waste of money and time, Instead, work on your knowledge and skill.
 

Keep learning, Keep Practicing, have a great day ahead, and stay connected to get more information related to trading,

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NOTE: This article is not investment advice. Any references to historical price movements or levels are informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future. Information regarding past performance is not a reliable indicator of future performance. Forecasts are not a reliable indicator of future performance. In accordance with European Securities and Markets Authority's (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.