The first concept toward becoming a professional trader is to understand that trading is a business. Professional traders know that you need an edge and a specific mindset to successfully trade the capital markets. It’s very important to create a trading plan and avoid allowing your emotions to interfere with your strategy.
When you trade, you will consistently face negative feelings associated with losing money. If you don’t embrace the idea that losing money is part of trading, these negative feelings could overwhelm you and lead to the destruction of your trading endeavour. An average trader can become a professional trader by running their trading as a business and removing the emotions of fear and greed from the process.
All content is provided for your information only.
This article may contain opinions and is not advice or a recommendation to buy, sell or hold any investment. No representation or warranty is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however we have put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing.
One Financial Markets expressly disclaims all liability from actions or transactions arising out of the usage of this content. By using our services, you expressly agree to hold One Financial Markets harmless against any claims whatsoever and confirm that your actions are at your sole discretion and risk.