Of course, many of you want to become professional forex traders, although it is not easy to achieve, because we also need to work hard and be disciplined. If we observe professional forex traders always work with a careful and systematic thinking style and act, they also have psychological characteristics that we need to know and adopt, including:
1.Champion mentality
The first characteristic of professional forex traders has a winning mentality, is not easily discouraged, for them loss is a natural thing in trading so it will not affect their emotions during the next trade. They will also always evaluate themselves on every failure, correcting errors such as transaction errors etc so that they do not happen again.
2. Utilize Price Action
They will always take advantage of price action, namely the price movement of a currency pair. they will be able to find patterns in price movements that refer to technical analysis.
3. Have a Trading System
They are professional traders who already have a clear trading system, they also have a mature and well-planned strategy, they also apply risk management according to their tolerance limits. Maybe they have used trial and error dozens of times to find a trading system, strategy and risk management that suits them. So in essence, professional traders already have a clear and complete trading system, such as when to trade, choice of forex pairs, buy / sell orders, lot sizes per transaction and when to close orders, and of course they also have a plan of what to do if profit/loss.
4. Not Too Chasing High Profit
Although all traders want profit, professional forex traders can limit greed, so they are always disciplined with the targets they have made (to avoid overtrading).
5. Not Easy to Give Up
Trading forex is not a quick way to get rich, but it takes a process and practice or hard work and especially not to give up easily always looking for solutions to be able to overcome failure.
1.Champion mentality
The first characteristic of professional forex traders has a winning mentality, is not easily discouraged, for them loss is a natural thing in trading so it will not affect their emotions during the next trade. They will also always evaluate themselves on every failure, correcting errors such as transaction errors etc so that they do not happen again.
2. Utilize Price Action
They will always take advantage of price action, namely the price movement of a currency pair. they will be able to find patterns in price movements that refer to technical analysis.
3. Have a Trading System
They are professional traders who already have a clear trading system, they also have a mature and well-planned strategy, they also apply risk management according to their tolerance limits. Maybe they have used trial and error dozens of times to find a trading system, strategy and risk management that suits them. So in essence, professional traders already have a clear and complete trading system, such as when to trade, choice of forex pairs, buy / sell orders, lot sizes per transaction and when to close orders, and of course they also have a plan of what to do if profit/loss.
4. Not Too Chasing High Profit
Although all traders want profit, professional forex traders can limit greed, so they are always disciplined with the targets they have made (to avoid overtrading).
5. Not Easy to Give Up
Trading forex is not a quick way to get rich, but it takes a process and practice or hard work and especially not to give up easily always looking for solutions to be able to overcome failure.
