Psychology of a professional trader and how i become.

Becoming a professional intraday trader first you need to know Psychology of a professional trader and gain bunch of knowledge about share market, intraday trading, practice, discipline, and a good plan for trading. I am talking about some steps in this article which will help you to become professional trader.

1. Basics: you need to understand the basic fundamental of financial market, intraday trading, and the Indian share market.
2. Technical analysis: learn about the technical analysis, in which analyzing price charts, Patterns, and indicators to make easy trading decisions. Study about common technical indicator like moving averages, RSI, MACD, and candlestick patterns.
3. Fundamental analysis: gain some knowledge of fundamental analysis, in which you will learn about economic data analyzing, corporate financial, and news events that can impact the company price.
4. Risk management: understand the principles of risk management, positions sizing, stop-loss orders, and managing your capital.
5. Trading strategies: learn about different-different intraday strategies, such as scalping, day trading, and swing trading.
6. Practice: before taking risk with real money, you should practice with demo account or any virtual trading app. Benefits of this way you can gain experience without risking your capital.
7. Select trading platform: choose a good and affordable trading platform and reliable broker. Who provides you tools and resources you need for intraday. Ensure that the broker provides real-time data and reliable execution.
8. Trading plan: develop a trading plan that includes your trading goals, risk management,entry and exit, and most important thing money management rules. You have stick to your plan and avoid impulsive decision.
9. Risk management: They have a deep understanding of risk management strategies to protect their capital. They tightly follow their stop-loss orders and position sizing to limit potential losses.
10. Goal Setting: They set clear and realistic goals for their trading, whether it is a daily, weekly, or annual target. Goals always help them to stay motivated and measure their progress.
11. Humble and Realistic: Professional traders are so humble and realistic about their abilities.

I hope you like our article Psychology of a professional trader. Follow these step to become professional in trading.