Not everyone who comes to the market in order to earn money manages to do this. The reasons may be different, and I have already written about them in my articles. But there are also such traders who have gone all the way to trial and error, and in the end began to receive stable income on the market. Professional traders , referred to in this article, once also came to the market, knowing little about it. But they managed to cope with a period of failures and achieve what they wanted. That is, these professionals do not belong to the world market the elite. However, if you compare their trading style and trading results with novice traders, you can see a significant difference. How do professional traders differ from market beginners?
Market analysis
The first difference is that experienced traders spend very little time analyzing the market situation. Their trading strategy involves the presence of certain setaps on the chart. The trader only has to look at the schedule to see if there is room for discovery Trade orders or none. In addition, they are able to see the graph “as is.” At the same time, novice traders often see on the chart what they would like to see.
Indicators
By itself, I know that novice traders pay a lot of attention to indicators. It seems to them that the more indicators on the chart, the more accurate the market analysis will be. At the same time, professional traders, as a rule, trade on a clean schedule. The maximum that can be seen in their retail terminal is, for example, a moving average. And then, it is used only to track the trend. The same is true of robots. Professionals will never trust their trade to advisers. They believe that a program has not yet been created that would surpass the capabilities of the human mind. In addition, practice shows that robots can show good trading results only for a short period of time.
News
We have talked a lot about the importance of fundamental analysis. But professionals pay him extremely little attention or even no use of this type of analysis. In their opinion, very important news can benefit trade only if you know about them in advance, that is, before the official publication. But almost no one has such an opportunity. Experienced traders build their trading solely on the basis of schedule analysis. They believe that candles already reflect all expectations for the news.
Analytics
Professional traders rely only on their own analysis and forecast. They are not interested in materials, prepared by various analysts and experts. And in this, I will probably agree with them. Analytics, which are published in large numbers on the network, very often have an ambiguous assessment of the market situation and multi-directional forecasts. Such information will only confuse the trader and make it difficult for him to make an optimal trading decision. Inga Fedorova 17.07.2021 Recording How professional traders differ from newcomers to the market first appeared forex-for-you.ru.