Hi! To get started lets first clarify what is a professional trader. A professional trader is a person who trades for a living and beyond. It's a trader who does many deals, some times even more than 100 deals per day. Some times few deals but precise deals. It is a trader who knows the risks and has found its way balancing emotions, budget and is confidence in price and market actions.

In this topic, we want to address our personal experience and knowledge we have gained in the past years.

So first things first, before you start trading you have to realize that it is huge gambling. There is not one clear moment that will identify when to buy or when to sell, it is all based on probability. Even if you use indicators and sure many people use indicators they will never guaranty that you will always attain a target profit. The market is changing always, and some indicators work for some time, and then they just stop working and have no coloration between price action.

Becoming a professional means of balancing risk. Before you even start to consider a trade position, you need to consider the risk.
What is the maximum loss you can take what is the minimum target you can gain? Our platform provides several beneficial trading tools that will assist you in this manner. When you make your first profit you can consider was it luck, or was it a planned strategy?

Some times people make 10 trades of which some 3 ar with loses and some 7 are with profits. So this could turn out into a positive balance, but... Did you use the same amount of money for all those deals? Or one deal was placed with 100$ or another with 10 000$
Meaning that even if you gain a 10% profit with 3% loses, you can still end up losing if those 3% loses were done with 10 000$ each deal.  So be consistent in trading. That's why we offer strategy groups that plan your budget on each trade automatically. Of course you can change your budget on each trade you make but still being consistent on each trade will bring you to a nice and understandable risk managing strategy.

Even at this point, we do not even suggest any buy positions, because our studies turned out that buy positions, in the long run, do not matter that much as risk managing and probability.

Professional trading means managing risk so that you never run out of budget, never lose all your budget on a single trade and most importantly - when the market starts turning around you then have still some free budget to enter a new trade.

Although all positions in the market have the same chance of 50/50 either the price will rise or the price will fall. Using our trailing stop loss strategy you can be sure if the price goes higher and higher you will lock profit on each level up. If it falls down a stop loss will trigger. Some times many traders do not use stop loss as such. Especially in crypto, a stop loss means you reduce risks of greater loss, but in crypto prices are so volatile that a stop loss can be hit and after a few moments the price is back on. So balancing risk and considering what is the risk you can bear is a nice start.

Budget planning.

It is nice to go full in... And take the maximum profit. But a professional trader will never risk all his capital on a single trade.
If a trade still climbs down, a trader will buy some more of that asset. Ensuring to get the best price. Price can always go down and can always go up. If the price has gone up for a while there a greater chance that the price will fall... If the price has gone down for a while the chances of it rising back on is greater. So buying all in one trade is not a good idea, making a couple of buy lower trades may be a better idea. Because when the price falls some more % you can get the same asset or coin at a better price.

So, therefore, you need to plan your budget if you have 1000$ do you want to buy all 1000$ at one trade? or you level down your buy using our Buy lower feature. For example, use 3 steps.

1.st buy lower is at -0.5% with 30% of deal capital.
2.nd buy lower is at -1% with 30% of deal capital.
3.rd buy lower is at -2% with 30% of deal capital.

This will ensure that if the 3.rd deal gets executed the price will have a much greater chance to re bounce than the 1.st deal. So it can give you a greater chance to get at 2% of profit if the 3.rd deal rises back to its starting 1.st deal entry point.

But what if you have all those 3 deals freeze? And suddenly there is a different asset that starts showing potential, and you want to enter trade there? You have no capital to do so.

So being professional in trading means balancing risk, budget and seeing the market as a probability outcome.

Consistency in trading.

How many trades have you made using the same strategy? 10? 30? 1000? And how many of them you have made using the same budget? You must follow a strategy, probability plays out when you follow a strategy every time. For example, if you suddenly lose 3 deals or more, and had a bad day in trading. And decide you quit trading for another few days. The probability shows that a price fall will have a price bounce back. And if you start losing and quit for a few days, there is a greater chance that the market will rise back upwards. And after those few days, you look at the charts and think... Okay, the market is fine now... Let's start trading. But the probability after several % moving upwards there is a greater chance for the price to start moving down again. And you just started trading at the peak price and the market starts falling... This un consistency will not show the true strategy potential in the long run, so being consistent means following a strategy does then it will show results in the long run. Of course, it is hard to lose, but you need to plan out your risks. Reducing the budget amount on each trade can help you to not feel loses that much as an all in on a single trade.

So if you follow a certain indicator strategy follow it, use the budget planned and stay on track with a strategy.

Risk Reward ratio is the key!

So the risk-reward ratio will be the main key point of your trading! What it means is placing your target profit, and placing your lose risk.
Is your target low or high? What is the maximum downfall the market can take? Find a balance. Guessing a target would be looking at the resistance lines, and also looking at support lines. This will be related to another topic. So if you have tested your strategy and have found a certain buy point has a 50/50 ratio of 10 positive deals a week with 10 negative deals a week. It may not seem such a good idea to trade in this strategy. But how high did the targets go? What is the roof of those targets? And do you use trailing stop loss, just because there is always a chance for the market to go even higher? So Risk reward is the main key in trading. Entering a trade where there is a chance of greater rise than fall is the key. When you see a market that has a maximum chance of going up only by 2% using a stop loss with 4% can end up your strategy to being a losing strategy. So is this entry point a quality trade position?

Can you handle the gambling risk to hope for it to break out even higher than 2% or do you sit back and play safely? These are the common things in risk managing. Following a consistent trade budget, consistent strategy, and the consistent risk-reward ratio is the thing, to begin with of becoming a professional trader.

The last thing you need is indicators.

At this moment when you have planed your budget strategy, risk management, and risk-reward ratios for your trading. It will turn out that there is not much more you need. Because with just those 3 things and with a trailing stop loss you can buy at any moment when it qualifies for a risk-reward ratio. Meaning if a price has dropped nicely for -10%. The chances of it go back up ar greater than continuing to fall... So placing a position there can be a possibility. And if it continues to fall to support levels it can be a nice opportunity to buy some more. And overall it will show results! This is what the backtesting strategies have taught to us, that buy positions are not that important as risk managing, budget planning, and risk-reward ratios.

But what if you can find a buy position that has a success ratio of more than 60%? Then your trading can become a professional income. Not only you get higher targets lower stop losses but you have by 20% more positive deals than negative deals. That's the key to trading. Become consistent, balanced, plan your budget, plan your risks, and follow buy positions that fit your risk-reward ratio needs!