Hello friends, I just decided to continue posting some advice on how to start trading like a PRO. You should read other posts and where I shared my opinion why to be just a crypto enthusiasts is not a good idea and how to move to traditional markets and start trading there.
Today, I would like to talk with you about the topic - How to Become a Professional Trader and I will do it based on my story. I hope it will be interesting for you and you will see that EVERYONE can reach the same level - the level of trading like a PRO. You just need to make the 1st step in the right direction and don’t be lazy.
I have been trading since the year 2007. I did not graduate from any universities providing financial knowledge or how to trade or invest in the financial markets. I graduated as a teacher. You can see that my profession was far from trading in the financial markets which I knew nothing about. \u2028\u2028However, one day, one of my friend showed me this amazing world. I was interested from the beginning and it could be like I fell in love. I liked watching how the price created charts, I liked to open new indicators for using (even if I knew nothing about them and I used them in the wrong way). I liked to discover this new world day by day! The financial markets became a really interesting alternative for me for getting income. For working and making money I needed only a laptop, Internet and that’s all. Such simple entry and great potential which I saw - it made me crazy.
Of course, I started trading on real money from the beginning. Without knowledge and experience. Every day I opened trades just because I wanted to trade and be in the market. Of course, with such an amazing trading strategy and knowledge which I did not have, trading could lead only to blowing up my deposits. I lost deposits one by one making all the possible and impossible mistakes which the financial world could only imagine. In a short period of time, I became a super PRO in the blowing up any account.
I was upset every time when I lost my deposit, but on the next day I funded a new one and started from the beginning. I should say that I was also rather smart in one aspect at that moment, or maybe just lucky: I did not use big money for funding, I did not use savings. I used my salary for trading. For about 1 year I blew up 2000-3000USD. I don’t remember the exact figure, but the sum was around that. If I could find someone at that moment who could stop me from making stupid mistakes and help me to move in the right way, I could keep this sum. But I did not have such an experience mentor around me and this period was an amazing one for me for getting experience on how I should not trade.
The next important moment was for me when my friends gave me a gift – they presented me with 2 books about trading in the financial markets and it was my first step in the right direction. I decided that I should stop losing money and start getting knowledge. I read these 2 books and I understood how stupid I was. I could have avoided a lot of mistakes just following the advices from these books. I decided to get more knowledge. At that moment it was rather difficult to find good books in Russian, there were not so many websites providing good quality education and courses. Without a clear plan what and how I should learn - I spent much more time for getting knowledge. If I had an exact and detailed plan of what I should do and how to learn – a step by step a roadmap - I could keep a lot of time for growing my skill.
Another important moment in my life as a trader was when I passed a course from one Russian broker. It was an amazing course which was made by professionals. It was fantastic! I passed the tests and became a trader who passed the program “Analysis of the financial markets and trading of financial instruments”. This course opened my eyes. It moved me to a new level so fast that I could not realize how it was possible to get so much knowledge for 3 months only. It made me happy because I understood clearly what I should do for further improvement and growing my skill as a trader. I bought new books from legendary traders and investors, I gathered any experience I could get from professional traders and I analyzed my trading experience trying to understand which aspects must be improved. I bought different courses for this, I bought trading strategies from other traders just in order to get their knowledge and experience faster and to get the details which probably I could miss in my trading. Each time I spent money on this stuff I didn’t really evaluate which content I could get. I was addicted and it was a period when I spent a lot of money on scammers and shitty projects, courses, trading strategies and books with little value. That’s why from that time I don’t like anyone who sells crap with only the main target - to get money from novice traders trying to offer them amazing picture how it’s possible to become rich very quickly and without any efforts. Just buy a “Money Button” and become rich! Yes, it was also a good experience for me as I learned how to select the really important and high-quality content which can be trusted and used in my personal trading.
Every new step in the financial markets gave me tons of knowledge and experience and additional tips and tricks from experienced traders which just helped me to move faster. In some years I started understanding that there are no amazing profitable trading strategies, super profitable trading robots or simple steps which can make you rich quickly and without any efforts. I understood that the trading in the financial markets is a really amazing business if compare it with common business. It does not matter who you are, how old you are and which university you graduated from or even if you did not - if you are hardworking, if you believe in what you are doing, if you really want to change your life in the better side - you will reach your goals. You just need to follow your dreams and work for making them true! And you have to do it consistently with patience.
I spent years and something like around 12 000USD for reaching the level where I can say to my self: I’m a professional trader and I’m financially independent. My main goal was reached and now I follow new dreams. I still keep improving my self in trading but now I also teach others how to do what I do, more efficiently than I learned. I’m still interested in buying interesting courses, trading strategies from other traders just in order to update my knowledge and experience faster. Now it’s much easier for me to see who offers shit or who offers a really cool and useful content. I don’t want to stop in my development as a trader and investor, because I’m absolutely sure - knowledge and experience are priceless and they are necessary to open new horizons. They lead to new opportunities.
I have spent years and thousands of dollars to walk on this path. I could do it faster and with less charges but I did not know what to do and how to do it properly. I did not have an exact plan and I made many wrong steps and useless movements. Even so, I got to reach my goals through persistence. But you starting today have a great opportunity to avoid my mistakes and reach your goals faster. Just do proper things, be hungry for new knowledge and experience and improve yourself every day and day by day. And one day you will reach your goal!
Good luck with your journey!
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Hello guys! Thanks a lot for supporting this post, for your likes and interesting questions. I think I will post the most interesting questions and my replies on them in updates. It will add this post by additional information which also can be interesting for you.
And here is my reply on the questions from @coindirector: "I was wondering which books did you buy and read, and do you have criterion for selecting courses and tutors, because there are many courses and we cannot determine their knowledge quality. How can we decide whether they are good teachers or not?"
Firstly, you should avoid courses, websites, trading strategies which tell you how you can become rich very quickly without any efforts. Other important thing, such websites show amazing profit with high % of win rate. Think about it, how you can make 300, 500, 1000% per month and stay in proper risk management borders? It's impossible but from marketing point of view, it's catchy. Such titles like "You will be able to buy Lambo in 1 week", "You will become a millionaire in 1 month" - these titles mainly are used by scammers. For them, the main thing is to sell you trading signals, trading strategies, courses, memberships. They don't have targets to provide you really workable tools and help you to become profitable. They can't provide you such quality content because they don't have knowledge and experience for that. But they are super good in marketing. Also, they like to sell unique secrets how to become profitable, how to make millions. But when you become more experienced trader, you will understand that there are no secrets in trading. There are great number of different strategies which can make a solid profit for you. The main thing is - you must have a good trading plan and follow it. And of course, you need time for reaching your goals.
Where to get a quality stuff? Of course, the best variant to follow really legendary traders and investors. Alexander Elder, Steve Nison, Jack D. Schwager my favorite authors. But there are also a lot of other traders and investors who confirmed their skill and who have solid reputation in the financial world. Of course, their courses will be rather expensive, but you will pay for quality knowledge. Another variant for you, follow the projects with good reputation. Please, belive me - scammers don't pay attention to their reputation. They can use any names for their project, get money from people, close the old project and start a new one under a new name. As for projects which focus on quality and their main targets are to provide really workable tools and services - for them the reputation is very important thing. Such projects mainly have good and verified reviews on different independent platforms where you can understand, should you buy or join to this project or not. Don't forget that scammers like to use reviews from their customers too, but these reviews are not verified by 3d party. It means they can publish any reviews which can be written by them also.
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Dear friends, I invite you to take part in my FREE WEBINAR "How to Become a Profitable Trader". It will be the 7th of January. Taking part in this webinar will give you clear understanding what should you do for reaching this goal!
Register using the information below this post or in the status bar. Hurry Up!
In trade with knowledge, the concept also needs to be understood.
You need to understand the way the market moves and grab the opportunities.
Since the market is always on the move, opportunities always exist.
It is not difficult to follow the trend as long as you have been properly trained so you can get into the river at the right time.
I started with a small account of 300 €
With leverage of 1: 300 and small goals (0.15 - 0.30%) I managed to multiply my capital.
I'm a day trader.
Today I'm concentrating on Nasdaq 100 and the highest rate I score is between 0.50 and 1.20%
I do not know what more a "professional trader" can achieve.
Everyday for 5 years I earn profits.
There are also unfortunate moments. The absences, however, are unimportant.
I start each Monday with a net balance of € 5000
I open positions with 1500 € (0.33% is 1500 € profit!)
My goal is 15,000 € a week, and most of the time I'm overtaking it.
In order to achieve these positions I am in front of the screens about 8 to 10 hours each day.
It's a lot of work but it's worth it.
The secrets of success are 5.
1) Knowledge of technical analysis.
2) Market perception
3) Much work
4) Self-awareness
5) 34565 coffee cups a day
SCARFACE963
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@trademon_k_ey, do you Trader breakouts od youre waiting fór confirmations of the reversal/continuation of the trend? Im scalping most of the time and Ive realized, that if you have min 1:2 RR ratio, youre almost always green
trademon_k_ey
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@EliteCrypto, Two tools are necessary.
The RSI index and the trade line.
Markets are always moving unpredictably.
If you trade the tops of the swings or if you working on the limits in the chanel, the confirmation of the change of direction is necessary to reduce the risk.
Significant is also the momentum.
When the momentum and the acceleration of the price is strong then you have a sure profitable trade.
Jamal666
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I don`t get it. You say avoid courses, websites and such, but you are promoting a website with monthly fees to get access to systems?
@Jamal666, He wrote: "Firstly, you should avoid courses, websites, trading strategies which tell you how you can become rich very quickly without any efforts". It has nothing to do with what you say
Zero-Tokyo
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Wonderful advice every time. I'd love to know the top three books you recommend your followers to read. This bear market is a great chance to self improve.
ashrafkotb
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Thank you Dimitri for the great post. Could you possibly share some of these good resources you use?
echanney
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Thanks for sharing. I really appreciate your willingness to help others (us) learn to trade objectively. Out of curiosity, what were the 2 books your friends gave you?
seby9279
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By saying all the time to buy the btc. You are such a noob.
You need to understand the way the market moves and grab the opportunities.
Since the market is always on the move, opportunities always exist.
It is not difficult to follow the trend as long as you have been properly trained so you can get into the river at the right time.
I started with a small account of 300 €
With leverage of 1: 300 and small goals (0.15 - 0.30%) I managed to multiply my capital.
I'm a day trader.
Today I'm concentrating on Nasdaq 100 and the highest rate I score is between 0.50 and 1.20%
I do not know what more a "professional trader" can achieve.
Everyday for 5 years I earn profits.
There are also unfortunate moments. The absences, however, are unimportant.
I start each Monday with a net balance of € 5000
I open positions with 1500 € (0.33% is 1500 € profit!)
My goal is 15,000 € a week, and most of the time I'm overtaking it.
In order to achieve these positions I am in front of the screens about 8 to 10 hours each day.
It's a lot of work but it's worth it.
The secrets of success are 5.
1) Knowledge of technical analysis.
2) Market perception
3) Much work
4) Self-awareness
5) 34565 coffee cups a day