HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%
MultiBank Group information and reviews
MultiBank Group
84%

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:  


RELATED

The Psychology Of Trading: How To Manage Your Emotions

The psychology of trading is one of the cornerstones of success, ignoring it can lead to disaster. For example, Nick Leeson single-handedly...

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...

Five Trading Myths You May Believe Are True but Aren't

Want to know some truths about trading? Regrettably, the trading world is one of the spheres with many trading myths – things that sound like facts but are not...

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...

How to set your financial goals and follow through with them

Want to set financial goals for 2021 but have trouble with achieving them? There is no actual formula to how you can make this happen, but there are certainly...

Five Reasons Why Traders Lose Money

By various estimates, 90% of traders have lost their deposited funds (completely or partially) at least once while trading in Forex. We compiled the most...

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...

Why Women Trade Better Than Men

According to statistical evidence collected by Warwick Business School, women traders outperform men by 1.8%, despite trading...

Common Trading Mistakes and How to Avoid Them

Have you ever wondered what helped all those professionals of Wall Street become successful? You will be surprised, but the key to their reached heights is hidden in their mistakes...

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...

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...

Gambling Psychology In Trading

A lot of people decide to start trading because they think it is an easy and quick way to earn money. They treat trading as a game, falling victim to the so-called gambling psychology...

Transforming Tension into Triumph: Mastering the Mindset for Effective Trading

The psychological landscape of trading financial markets is both complex and nuanced, requiring not only technical acumen and strategic prowess but also a mastery over the inner game...

Could Forex be best job you'll ever have?

Forex trading allows you to be free and explore your true passions. Find out all the reasons why it could be the best job ever. Some people are not cut...

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

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?

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...

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...

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...

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

Regulation Matters: Why a Licensed Forex Broker Should Be Your Top Priority

Choosing a regulated broker is not just a matter of preference; it is a necessity for safeguarding your investments and ensuring that you trade in a fair and secure environment.

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 2024

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 2024 – Forex Expert Advisors Rating

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

XM information and reviews
XM
82%
FP Markets information and reviews
FP Markets
81%
FXTM information and reviews
FXTM
80%
AMarkets information and reviews
AMarkets
79%
Octa information and reviews
Octa
79%
BlackBull information and reviews
BlackBull
78%

© 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.