Professionals are not that different from beginners but are able and capable of differentiating from the crowd in the way of tackling barriers and difficult situations.
What are the professionals, though, doing differently from others?
What differentiates the professionals from the beginners is the ability to overcome tough situations when they arise, and there are plenty along one’s way.
Similarly, in the industry of trading, such as in forex, commodities, indices, stocks, bonds, and other related financial instruments, the ability to overcome losing trading periods and resume going without losing enthusiasm and belief is a unique feature which pro traders have.
The minority are strictly professionals
Why is the minority, though, able to make it, while the majority goes through the beginner’s cycle?
Trading should not be treated as a hobby but as a business, as this is one of the key characteristics which professional traders and investors have.
Like in any business, there are the expenses, the direct and indirect costs, and the sales criteria. At the end of the day, week, month or year what matters the most is to analyze the end profit, as well as finding solutions for improvement.
As a beginner trader, you must overcome the default characteristics that place unnecessary pressures on you, leading to fear, anxiety, lack of discipline and low self-esteem.
To differentiate from the crowd, you should act wisely in eliminating your inner weaknesses.
Moreover, even if you have failed in the past, and trading caused you a lot of mental breakdown in your day-to-day life, you can still eliminate your fears and isolate the past negative thoughts.