Becoming a Professional Trader is the dream of many, certainly of all those who approach online trading. Also because being a professional trader means earning a lot of money, achieving that financial freedom which is, after all, the object of everyone's desire. However, the climb towards professionalism is arduous, and not everyone reaches the top. It takes sweat, dedication, discipline, and even a bit of luck. It can be useful, for those who dream of becoming a professional trader, to remember the three fundamental steps.
The Study
Study is a fundamental component of a trader's life. It is even before setting foot in the market, and it is also after. Of course, the phase that precedes the start of a career is the one that holds the greatest importance. The truth is this:
to become a trader, you need to study. The subjects of study must be the fundamentals and dynamics of the market, the functioning of platforms and programming services, and the analysis tools.
In particular, it is the analysis tools that require the greatest intellectual resources. It is necessary to learn how to
perform technical analysis and fundamental analysis. The former consists of studying the chart and prices in order to draw signals about the future of the asset. The latter is the study of economic events outside the market, always with the same purpose.
Unfortunately, there are no trading universities, and while certainly a degree in economics and finance helps (or better yet in statistics), it is equally certain that it is not enough. The study phase, therefore, must be gone through in a self-taught manner. Ebooks, manuals, even blogs and forums.... They are all sources of knowledge to be taken into consideration. Online
Forex Courses and seminars organized by brokers are also fundamental.
The Practice
Once the aspiring trader has assimilated the theory, it is necessary to practice. Here too, the question of "how" assumes a certain importance. In general, the only way to practice would be to enter the market and invest. This exposes the beginner to considerable dangers, namely the risk of losing capital. So, what to do?
Brokers come to the aid of novice traders and offer, alongside traditional and "real" accounts, also
demo accounts. These allow you to trade in the real market but with fake money. The ideal for those who want to cut their teeth without breaking them.
Demos are usually free. Only some brokers, however, allow you to work in demo without obligation. In most cases, before accessing the demos, which can also be timed, it is necessary to open a real account.
In any case, it is a useful tool, which allows the crossing of a crucial and delicate phase. That of practice, precisely.
The Fall
Obviously, once the theory has been acquired and practice has been done, the path to professionalism is certainly not over. Indeed, it remains extremely long. One could talk for hours and hours about the various steps and micro-steps that transform a beginner into a professional. In this context, however, it is good to talk about a particular step, or rather an experience that, although painful, is also incredibly formative: the
defeat.
It is precisely defeat that forges the professional. The loss of an important trade, with consequent compromising of capital. The important thing is to get back up and learn from your mistakes. This is precisely what a trader must learn, if he wants to aspire to professionalism: to get back up after a burning defeat.
