Month: March 2021

Using sophisticated settings such as more trading screens or lots of indicators doesn’t define a professional trader always. Management skills and strategies identify who is the best in the industry. So if you are a rookie and think that professionals always use better tools to trade, then you’re wrong. They use common strategies to catch the market. Then what makes them different from others? Here we will talk about those six parameters which differentiate a trader between amateur and pro. 

Distractions and focus

The surroundings of an amateur trader are quite disorganized, which breaks his attention like watching TV or YouTube, chatting on WhatsApp or Skype. That’s why he cannot concentrate on the chart. So the result is he misses’ good deals, makes mistakes, and cannot analyze trade properly. A professional always keep the focus on what he does. If he is going to place an order, he tries to …