HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
XM information and reviews
XM
86%
NordFX information and reviews
NordFX
86%

Becoming a pro: dialectics of studying


Every development process is particular to the one who is studying. The same applies to trading skills. Although all traders have similar objectives – becoming more efficient and earning more – the paths they take may be different. Still, what is the difference between a pro and just an experienced person? In trading, just like in the other areas of life, such difference is in the ease at which a pro reaches his targets, while a lower-level practitioner needs more time, energy, and other resources to reach the same goal. What does it mean?

Here is how a studying process normally goes.


First, a beginner starts investigating the matter. Digging deeper into the subject and discovering new indicators, news, instruments, techniques, etc., they gain knowledge. As they carry on, they become more experienced and consistent in regular profits.

Later, after having passed a certain threshold, a trader stops discovering that much about trading anymore. It doesn’t mean that they stopped expanding knowledge – they still go on studying. However, they now focus on specific things that are applicable to their own way of trading. They don’t uselessly spend time studying something that they know won’t be useful for them – they are very selective with the items they want to investigate and research. Knowing their professional sphere of interest and already having an established base of knowledge, a trader gradually reduces the number of knowledge elements in focus.

Finally, polishing his/her knowledge base more and more, a trader comes to a bare minimum that they require to operate at full capacity and keep reaching financial goals. Again, that doesn’t mean that the process of studying stops – it continues, but is narrowed down to the very specific areas of knowledge of this particular trader. They now go in-depth with very particular items to maximize the efficiency of using them to the highest possible level.

In a nutshell, this process is but a law of nature that reflects how species evolve in each macro-period. First, there is an initial biosphere with a little number of species and minimal diversity. Then everything just keeps expanding in numbers, types, classes, etc. Finally, each class and type gets more and more specialized in its own sphere of life and survival and becomes “professional” there while the rest just slowly die out.

How you should do it?


What can all that say about becoming a pro in trading? You will find some recommendations below.

#1 – Keep expanding your knowledge

The sky is the limit. Professional traders are always in search of new things that will make their actions even more efficient. Having a wide knowledge base provides enough freedom of choice and width of observation.

#2 – Separate the wheat from the chaff

In simple terms: filter. Try to understand what does and what doesn’t fit you in trading. Every person has their own temperament and features. Someone is full of patience; another is able to keep a cool head during the stressful periods. As a result, a trading strategy that fits one, won’t suit the other. The same is true for the methods of analysis: some traders can achieve spectacular results by trading the news, while others prefer a particular set of technical indicators. Find what is truly yours and cut the rest. Eventually, you will gather a bare minimum of instruments you need to “see” the market.

#3 – Master your tools and find your Zen

The latter is what makes a pro – knowing all details about the very specifics of selected items. Therefore, your objective after you have chosen those items is to go in-depth in learning how they work in different situations. You also need to realize that true mastery takes time. As a result, set your heart on self-development and steady progress.    

Was this article helpful? Do you want to speed up on the way to becoming a professional trader? If so, check the list of books that will help you develop your trading skills:  

#source


RELATED

Principles of successful trading

At first glance, trading in financial markets is something mystical, since there is no definite formula for success. It requires talent, the ability to balance...

Trading mistakes every trader should avoid

The volatility of the market makes it more exciting to traders, which can be a trap because of greed takeover. Some traders fall victim to making one or several...

Yes, we can: women in trading

We take the biggest inspiration in the stories of other people. They encourage us and help us find our way. This time we learn about the stories of four women...

How to defeat the fear in Forex trading?

Fear is a natural emotion that people face a lot throughout their life. And since Forex is still quite a risky business, many traders, both beginners and experienced ones, have...

Know the Past to Create Your Future or the Brief Forex History

Where did Forex come from, and why we should know about its evolution? Global Forex market daily turnover hits $6.6t in 2020. Impressive, isn't it?

Mastering Trading Psychology: A Tale of Two Traders

Trading psychology is a critical yet often underestimated aspect of trading, and its impact can be the difference between success and failure. To shed light on this topic...

Trading Psychology: What Makes You Lose Money

All traders are different, but mistakes of psychological nature do not depend on gender or geographical factor. This allows us to highlight several of the most common problems...

Human resilience: the lessons we took from the pandemic

Human resilience in the face of a public health risk and economic disaster does not mean that people haven't experienced difficulty or anguish...

Behavioural Biases in Trading: How to Avoid Them

Financial economists like to believe investors make investment decisions based on the principles of rationality and optimising returns. However, in the real world, this simply isn’t true

In the red: How color affects a trader’s behavior

Have you ever wondered how the colors on the chart affect your trading? Color has a powerful effect on our psychology and emotional state. The psychological effect of color...

Stay Away From Suspicion

When you choose to do what you like but your mind is clouded by suspicious thoughts, then there is a risk of losing the substance. It will make you question your every choice...

Psychology Of A Trader: How To Deal With FOMO?

Have you ever caught yourself in a situation where you feel anxiety over the fear of missing out on a specific trading opportunity?

Is earning money online trough forex trading really possible?

Well - it is - but it is not that easy. You cannot enter the financial market expecting to become a millionaire within a few days. But if you are willing to put some time in it...

How To Regain Your Confidence In Trading

After a big loss, confidence can be running low. Of course, there are many reasons why traders lose money, such as lack of market knowledge, a poor risk...

How to Succeed in Forex Trading

When entering forex, proper training is paramount. Relying solely on intuition is not sufficient to help one succeed in this field. Analysis and proper manipulation of the market...

Why Forex traders lose money

Let's address the issue of losses, and ask ourselves why Forex traders lose money. Learn real statistics and actual reasons why forex traders lose money...

How our fears prevent us from quitting the unsatisfying career?

You may have heard the famous quotation: "Have the courage to follow your heart and intuition. They somehow already know what you truly want to become". There are the...

The psychology of Forex trading

The financial market is rich in opportunities that are available to anybody who is interested in earning money. Many traders succumb to the impulse and...

Stay Away From Suspicion

Suspicion can damage the image of what we perceive as real. When you choose to do what you like but your mind is clouded by suspicious thoughts, then there...

3 things you can do after a long day of trading

Did you have a long and exhausting day of trading? Then you need to find ways to rest your mind and body. Recharge your powers by taking advantage of quality relaxation...


Editors' Picks

How to Choose the Best Forex Advisor 2025

Key Factors to Consider When Choosing a Forex Advisor. Risk Management. Fees and Costs. Compatibility with Your Trading Style.

Automating Success: The Benefits and Risks of Using Forex Expert Advisors

This article explores the benefits and risks associated with using Forex Expert Advisors, providing insights into how traders can maximize their potential while mitigating potential downsides.

Best Forex Brokers 2025

By prioritizing factors such as overall rating, regulatory compliance, trading conditions and platform reliability traders can make an informed decision that aligns with their trading needs and aspirations, setting the stage for a potentially prosperous trading journey.

The Top Forex Expert Advisors 2024: Performance, Strategy, and Reliability Review

An annual roundup reviewing the most successful Forex Expert Advisors (EAs) based on their performance, strategies employed, reliability, and user feedback. This piece would provide insights into which EAs have been market leaders and why.

The Evolution of Forex Expert Advisors: Navigating the Path of Technological Revolution

The concept of automated trading has been around for decades, but the accessibility and sophistication of Forex EAs have seen significant advancements in the past few years. Initially, automated trading systems were rudimentary, focusing on simple indicators like moving averages.

Best Forex EAs – Forex Expert Advisors Rating

Expert Advisors (EAs) Rating features high-quality Free and paid Forex EA most popular on the market today.

Vantage information and reviews
Vantage
85%
FP Markets information and reviews
FP Markets
81%
IronFX information and reviews
IronFX
77%
T4Trade information and reviews
T4Trade
76%
Exness information and reviews
Exness
76%
Just2Trade information and reviews
Just2Trade
76%

© 2006-2025 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.