More recently, it seems that the numbers I hear areso even worse. FXCM recently released a report showing, according to them, retail fx traders received better executions than institutional or exchange traders. Forex my experience working for two fx brokers, they are exactly right. Retail traders get ridiculously great pricing and fills. How is it that retail traders are getting better pricing, but they still lose on a higher percentage of trades than institutional and professional traders? Everyone has the same access to charting, technical analysis and pricing analysis. Professional traders do not simply limit themselves to technical analysis. They know their own trading very well: Good professional traders have scenario analysis that gives them further analysis on their own trading: Forex traders also tend to look at a potential trade through the lens of many different trading strategies and many types technical analysis. They also have a pulse on the fundamentals behind the products they are trading. They eat, sleep and breathe the markets. A professional trader and a retail trader might be trading the same strategy and looking at the same chart to make a trade, but the professional trader is looking at many other things to determine the viability of a trade before entering the trade. There is no fear of missing a trade. The professional trader lets the trade come to them…they are not chasing trades. So what are professional traders looking at that retail traders often ignore? Professional traders are looking at long and short term charts and analysis…and they ask themselves what could happen…how could this trade go wrong…how much could I lose on this trade? A professional trader looks beyond this trade and is more concerned with the overall market. What could hinder me from hitting forex limit? What could cause the market to move against me? When might I need to cut my losses? Enough cannot be said about discipline in trading or any endeavor. The best traders, professional or retail, are all very disciplined. Looking at the last two things that make people better traders, the best traders do their research before entering the trade. The best traders know why they are in a trade. They know when they are going to get out traders a trade. They work stops and let those stops fill successful they are due to be filled. A less disciplined trader will pull their stop because they just know that the currency, stock, commodity is going to go their direction. Most professional traders answer to someone. There is a boss, an investor, another trader. There is almost always someone that a professional trader has to answer to and make a case for each and every trade. Those questions are almost always around the other points of this article. These are just a tip of the iceberg in terms of questions asked when a trade goes sour. It is a very uncomfortable time, and the trader needs answers to why they did everything. My point is this: How many retail traders have to make a case to someone before making a trade? After working on the desk for 9 years, I found that my fellow traders hardly ever agreed with my analysis. At the very least, they had very good insight that I was missing. Professional traders are very competitive and very confident. The best traders wait until the odds are stacked in their favor before trading. I love the Jim Rogers quote: I do nothing in the meantime. They take risks and lose money, but the money they lose is calculated beforehand. The risk of them losing is small, as is the amount of money being risked. Most likely, all you might need is more insight and better discipline on applying that insight. Just like most things in life, more knowledge is a great thing, but discipline can really reap positive rewards. Guest, this was a very good article. Thank you, What I need is oversight. One way to get oversight if trading on your own would be to use a tracking application for each trade where you put each trade into bins based on if you followed you plan, doubled down, moved stop loss, etc. Then you can see how much good and bad decisions affected your profits. Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, successful, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex. Foreign exchange Forex trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader's level of experience should be carefully weighed before entering the Forex market. The high risk that is involved with successful trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch's authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. How High Can CAD Fly With An October BoC Hike? Staying Tactically Short on perfect USD liquidity storm — Danske USD extends gains across the board after the data and amid the Fed fallout Is the BOE trying to talk up the pound with their vote? About About The Team Contact Us Tools Forex Tools Tips for Forex Traders Basics Forex Conventions Forex Software News Forex News Opinions Forex Industry Forex Bits Daily EUR USD Daily Daily Outlook Weekly Forecasts EUR USD Forecast GBP USD Forecast AUD USD Forecast Major events USD JPY Forecast USD CAD Forecast NZD USD Forecast Live Calendar Subscribe. Five Things Successful Traders Do 2. Feb 26, Apr 20, Big Picture Oriented A professional trader and a retail trader might be trading the same strategy and looking at traders same chart to make a trade, but the professional trader is looking at many other things to determine the viability of a trade before entering traders trade. More Discipline Enough cannot be said about discipline in trading or any endeavor. Oversight Most professional traders answer to someone. Patient and Calculated Professional traders are very competitive and very confident. Guest post by Steve Nauta of Daticks Get the 5 most predictable currency pairs. Previous Article 5 mistakes of novice trader. Next Article Germany falls to deflation. May 16, 0. Apr 23, 0. Apr 20, 4. Read More Launch DataFlash. Useful Links About The Team Contact Us Advertising Forex Calendar Event Forex Tools.
This study of natural history was most powerfully advanced by Charles Darwin and his theory of evolution first published in his book On the Origin of Species in 1859.
This research could help scientists identify potential new targets for vaccines.
This study of natural history was most powerfully advanced by Charles Darwin and his theory of evolution first published in his book On the Origin of Species in 1859.
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