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

Why Most Forex Traders Fail: Do You Have What It Takes?

Forex trading just like any trading is a lot about psychology. Do you know the most common pitfalls among failing forex traders? Do you have what it takes to become...

How to be a Successful Trader? Tips to Improve Your Trading Mindset

You might have heard a lot of trading coaches say that a positive trading mindset is crucial if you want to achieve something in the trading world. Sounds unlikely, doesn’t it? But reality shows that trading mindset is...

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...

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...

TOP 5 Must-read Books on Psychology of Trading

Profiting on Olymp Trade or another online trading platform is not only about finding the right strategy. It has much to do with psychology and self-discipline...

Learning and personal development in trading psychology

Trading psychology refers to the study of human psychology and the way it can affect trading behaviour. It is considered a key contributing factor to determining trading outcomes, positive and negative, because of its influence on decision-making...

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, the business of opportunities

Globally, people are interested in business ideas that guarantee a steady source of income. It becomes more attractive if such ideas can be implemented at their...

The power of trading psychology

Identifying your strengths as opposed to weaknesses can really help you step up your trading game. Learn how to do it with three simple steps...

Top 3 Meditation Practices for Forex Traders

Trading is often a very stressful job that requires traders to be in a constant state of concentration. It’s no secret that following theory is only a part of what traders need to do to become successful...

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...

Errors of traders when opening a transaction

Human's brain was formed in the conditions very different from the ones traders have to work with now. Many decision-making patterns characteristic for...

It's all about your Trading Psychology

As you prepare to start your trading day, what's the first thing that comes to mind? Is it your trading strategy? Are you thinking about different ways to minimize risk in the markets and boost your profits...

Top Five Attitudes of Successful Traders

Your attitude toward trading makes a huge difference in your success. What kind of attitude and thinking that's needed to become a successful trader? You should always...

Is trading mindset more important than trading strategy?

Strategy is very important for entrepreneurs and can help them make a profit. Many entrepreneurs often mistake strategy as the most...

Boring trading: reasons why your trading is not fun anymore

Sometimes you realize that you fell into a rut and your trading got boring. You've lost that passion and drive, you’re not excited like at the very beginning when you were making...

Forex Trading Traps: 4 Tips How To Avoid Them

You open an order, the market goes against you, trading systems do not work, the order is closed by Stop Loss...

Here's How to Trade Smart During the Coronavirus Outbreak

You are more likely to panic when your investments drop and quickly sell out your assets, however, this is not the best way to react when the markets go down...

Empowering Women in Trading

The celebration of International Women’s Day often places emphasis on the need for greater gender equality, and empowerment of women. However...

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...


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.