Articles

BECOME A PROFESSIONAL TRADER WITH ICFM

by ICFM India Stock Market Training Institute

In today’s world people are engaging themselves in stock trading and make a full time career, while others are taking it as a hobby. Amateur trader can become professional trader through professional methods, producing profitable results. One can know what techniques are most beneficial to succeed in the market.  Here we will discuss further that, how can you become professional trader, what specialization required and how much you will earn from it.

1.       Who is a professional trader?

He is person who is full time engaged into the trading as a career and understands every nook and corner of the finance and business. There are varieties of options to pursue like freelancer traders for individual clients, wealth manager at a wealth management firm, at a trading company.

You can earn maximum profits by managing risk systematically.

ICFM is giving best opportunity to earn profits with the help of learning professional trading in Chennai.

Title you can hold other than above:

a.       Swing trader- working on positions over multiple days expecting the profits from a long term fluctuations.

b.      Day trader- open and closes the position at the start and end of each trading day.

2.       How you can become professional?

A professional trader has a goal of turning the investment deal into profits. Here, he has certain duties of developing strategies, analyzing stock markets, review trades and positions and making good connections with leaders of this industry.

You can become professional traders at home with online course.

Related- Learn trading online in Mumbai

EASY WAY TO BECOME A SUCCESSFUL TRADER.

1.       Learn basics of trading

·          Amount required for trading

·         Information about bid and ask price

·         Where to trade

·         Best way out to check trade performance

·         Type of order and how to place them

·         Risk management practices

·         Trading hours

2.       Learn the advanced basics

To start anything, need to decide where you want to work, like

a.       Options-Investment contracts that give the trader the right to buy or sell the asset for a specific price by a certain date.

b.      Futures- A Future is a contract to buy or sell an underlying stock or other asset at a pre-determined price on a specific date. 

c.       Stocks-Investment that represents an ownership share in a company.

 

Once you decide where you want to make your career, then you can master it with advance level. After learning trading basics, might from internet, use nooks, mentors etc., can move towards the advancement by learning it through professional traders and techniques.

3.       Should develop trading techniques and systems

Unlike basics, when we develop techniques, it is highly subjective and applied on a particular situation only. One should look for the source and mentors that provide charts and details to analyze the stock or index over months and years

Real life professional traders would help us in finding better strategies in different situation. Practical learning and live trading demos would be highly effective and can give a real life experience of trading without making a loss.

Related- ICFM will give a professional trading experience and you can learn trading online in Mumbai also.

4.       Real trading experience

Live demo, tracking stocks and punch your trade by yourself will surely give a kick to grab the real time profits in the market. When you make trades in the real time markets will give an edge to build better strategies in your theoretical learning. You can test and learn from you trades that what strategy will go for what situation.

5.       Choose a trustworthy broker

Some of the credit for better progress and profits might go to the right broker also. A broker is the intermediate who creates an environment for trader and sellers to meet and trade take space.  Brokerage firm charge opening or brokerage fee on the trades but finding a broker that deals in or works with sellers of your niche can give you more profitable situation.

6.       Always keep a trade journal

Always keep a track of your trades for future reference and to learn from any mistake happened. Start with recording the trade data of each trade, either digitally or in paper form.

Following are the elements you need to record in your journal:

-Market- info. An=bout the market in which you are trading

-Factor- makes you enter into the trade

-Date- date of entry

-Time- time frame of the trade

-Lot size- no. of items purchased in that trade

-Position- long or short, as per the expectation to increase or decrease

-Tick value- minimum movement of the price of the investment

-Price in- price you paid for share to enter the trade

-Price out- price paid to exit the trade

-Stop loss- price to be paid when feel necessary to exit

-Profit and loss-amount profit and loss made from each trade

-Initial risk- amount of money, willing to lose on trade

 

Related: Earn money and make career in stock market with ICFM.


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About ICFM India Advanced   Stock Market Training Institute

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Joined APSense since, September 26th, 2019, From New Delhi, India.

Created on Apr 6th 2023 07:38. Viewed 75 times.

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