Professional Trading Course

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WHAT IS

A PROFESSIONAL

TRADER?

 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?

 
  • Automated / Robot Trading:

    Software-based trading systems, also known as forex trading robots, are created by converting
    a set of trading rules into code that a computer can make use of. The computer will then run this
    code via trading software that scans the markets for trades that meet the requirements of the
    trading rules contained in the code. The trades are then executed automatically via the trader’s
    broker.

  • Discretionary Trading:

    Discretionary Forex trading depends on a trader’s ‘gut’ trading feel or discretionary trading skill
    to analyze and trade the markets. Discretionary trading allows for a more flexible approach
    than automated trading but it does take a certain amount of time to develop your discretionary
    trading skill. Most professional Forex traders are discretionary traders because they understand
    the market is a dynamic and constantly flowing entity that is best traded by the human mind.

  • Technical Trading:

    Technical trading, or technical analysis, involved analysis of a market’s price chart for making
    one’s trading decisions. Technical analysis traders use price patterns or ‘technical signals’ to
    trade the market with an edge. The common belief amongst technical analysis traders is that
    all economic variables are represented by and factored into the price movement on a price chart.

  • Fundamental Trading:

    Fundamental trading, or news trading, is a trading technique wherein traders rely heavily on
    market news to make their trading analysis and predictions. Fundamental news does ‘drive’
    price movement, but often times the market will react differently than what a particular news
    release would imply due to the fact that market participants often buy on expectations of
    future events and sell once the reality of said future event occurs. This is another main
    reason many pro traders rely more heavily on technical analysis than fundamental analysis,
    although many do use a combination of the two.

WHAT YOU’LL LEARN

  • Make full analysis over the market and choose the right currency pair to trade.
    Diversify the risk on a single trade into 3 different entries.
    Build the empty chart into a professional trading screen.
    Recognize the Fibonacci zone that is connected to the major trend.

  • Open profitable trades with limited risk to the whole capital.
    Maximize the results and take the profit at the right moment.
    Trade in the direction of the trend, but taking the trade on the pullback.
    Enter into the trade on the impulsive break of the Counter-trend line.

Requirements

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