A professional Forex trader is someone who uses price movement in the Foreign
exchange currency market to make profit. The aim of any Forex trader is to win as
many trades as possible and also to maximize those winning trades. A professional
Forex chart technician uses price charts to analyze and trade the market. By trading
with an EDGE in the market, professional traders can put the odds in their favor to
successfully trade price movement from point A to point B.
Caution: Forex trading is not a ‘get-rich-quick’ scheme and it is more difficult to make
money in Forex than what most popular Forex system-selling websites would have you
believe. To trade profitably we must not only have winning trades, but we must also cut
our losing trades short so that our winners out-pace our losers. You see, losing is an enviable
part of trading the Forex markets, and you must learn to lose properly by taking small losses
relative to your winners. This means you must A L W A Y S trade with a stop loss on E V E R Y
trade you take and make sure the dollar amount you have at risk is an amount you are
100% comfortable with losing.
Professional Forex price-chart traders have a winning edge which is developed via Technical
Analysis (more on this in Part 4). There are also Fundamental Analysis traders and traders who
use a combination of both analysis techniques; we will discuss all of these later.
A professional Forex trader understands that reading a price chart is both art and skill, and as
such, they do not try to mechanize or automate the process of trading as each moment in the
market is unique, so it takes a flexible and dynamic trading strategy to trade the markets with
a high-probability edge.
HOW DO PRO TRADERS TRADE THE FOREX MARKETS?
WHAT YOU’LL LEARN
You should have any Forex platform installed on your PC/Laptop
Time and patience to trade on the Forex Market as a Pro Trader
Good internet connection is always required to follow the trades
Huge desire to learn professional Forex trading