Professional Forex Trader 2021 - Masroor Alam Bettiah

The professional forex trader needs sophisticated trading tools and a robust mindset. Yet most retail traders don’t get there on their own. Training courses, mentors, and online coaches can all help provide advice, tips, and secrets in the quest for that big salary. In this article, we’ll explore how I become a professional forex trader, including platforms, strategies, and psychology.

I am a professional forex trade  Read How 

Masroor Alam is a highly regarded trader, author & coach with over 8+ years of experience trading financial markets.

Professional forex trader of India 2021

Since 2012, he has earned a following of over 250,000 aspiring traders, written over 2,000+ trading lessons, and is the author of the #1 Price Action Trading Course online which has over 25,000 students enrolled to date. He is recognized by many as ‘The Authority’ on Price Action Trading. Almost 70% of forex brokers are using EA of Masroor Alam. In 2018, Masroor won the 100k Dollar Trader Competition, achieving an impressive 699% return.

— A Day in the Life of Masroor's as Professional Forex Trader

Professional status as a forex trader takes years of commitment and is backed up by clearly-defined strategies that show consistent profitability. But the rewards are worth the considerable effort; professional forex traders can earn a high income and a lifestyle that most folks can only dream about. 

Opportunities abound for these full-time players; they can choose to work for international banks, hedge funds, or just put on their pajamas and work out of a family home office.

What Is A Professional Forex Trader?

Professional retail traders in forex aim to generate profits by speculating on the currency market. Separating the professional from the beginner are a couple of distinctions. Firstly, the earnings of a professional are likely to be larger and the trader’s primary source of income. Also, the psychology and trading tools used by professionals are normally more advanced than those employed by beginners.

Let’s look at a typical day in the life of a professional forex trader Like Er. Masroor Alam (Bettiah) who manages private and majors company accounts. These private accounts may include family funds or a share of other people’s money. This is the goal for millions of at-home players who want to earn their livings by trading currencies but without the restrictions of a more traditional forex workspace, like an international desk.

At-home forex traders can also use this guide to examine their current progress in creating their dream jobs within the worldwide flow of currency exchanges. Of particular interest, this article will cover workflows that traders can use for morning preparation and end-of-day examination, attitudes, and strategies during the trading day that can impact performance, and lifestyle choices that either assist or undermine profitability.

— How much a Professional Forex Trader like Masroor Earn per day? 

Since 2012, he has earned a following of over 250,000 aspiring traders, written over 2,000+ trading lessons, and is the author of the #1 Price Action Trading Course online which has over 25,000 students enrolled to date. He is recognized by many as ‘The Authority’ on Price Action Trading. Almost 70% of forex brokers are using EA of Masroor Alam. In 2018, Masroor won the 100k Dollar Trader Competition, achieving an impressive 699% return. Masroor Make easily $25000 Per Month with a single trading in Gold.

— How do my self improve as a professional forex trader?

Forex professionals hold a deep interest in economic and central bank policies around the world, understanding how the Federal Reserve (FOMC), European Central Bank (ECB), Bank of Japan (BOJ), and Peoples Bank of China (PBOC) impact currencies. They keep a detailed calendar of economic releases and central bank meetings that will impact their strategies, often foregoing sleep when a key meeting is set outside of their normal market viewing hours.

Professional forex traders become lifetime students of worldwide economic and central bank policy, understanding that currency trends can turn on a dime when central banks shift direction, as they have many times since the 2008 economic collapse

They examine the latest economic releases while having their first cup of coffee, adjusting stops, and exiting positions if needed. Time frame now comes into play because many professionals hold a large core of smaller-sized positions for longer holding periods. This allows them to keep stops loose and away from predatory algorithms, which dominate modern markets.

These efficient robot-traders predict price zones where retail stops are clustered and hit those levels during less active trading hours or in response to economic releases. 

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— Steps to Become A professional Forex Trader in India.

Now that we’ve covered what a professional forex trader is, what steps do you need to take to become one.

1. Set Realistic Goals

Professionals set achievable and quantifiable goals. For example, make a 23% return on investment, generate $25,000 in profit, or gain 50 pips a week. With that said, key objectives should be set over the longer-term, such as a year, as performance and income will vary from month-to-month.

Key characteristics of a professional forex trader also include being realistic. They know they won’t generate a salary in the millions if they just have a few thousand to invest, even with leverage. They also ensure the size of their trades reflect how much they’re willing to lose, keeping a handle on overall risk exposure.

Once you have clear objectives, you can look at the strategies and tools you’ll need.

2. Test Strategies

Being a professional forex trader requires the use of carefully refined strategies. But a common misconception is that professionals only use complex techniques. In fact, many serious incomes use simple systems, including those below.

Technical Trading

To become a professional, your technical analysis needs to be excellent. Most top performers focus on price pattern analysis to identify and capitalise on market trends. However, people often ask do you really need to use indicators? Some professionals believe indicators overcomplicate charts and decision making. Instead, pros try to minimise distractions, focusing only on those alerts and tools they really need.

Fundamental Trading

Those asking, ‘how do professionals trade?’ may be surprised to hear that many don’t heavily rely on market news. Yes, fundamental news can steer price, but the challenge is predicting when the market will react and to what extent. For this reason, lots of pros use fundamental analysis to complement their technical analysis.

Automated Trading

Many professional retail forex traders don’t rely on automated algorithms. They know these systems often aren’t flexible enough to adapt to sharp market fluctuations. Instead, their market aptitude allows them to stay agile in the face of changing market conditions.

For further guidance on strategies, Read Here

3. Never Stop Learning

The life of a professional forex trader doesn’t need to be a lonely one. Most professionals utilise the resources around them. That might be getting tips from those in their network or from social copy platforms. It could also mean reading books and getting coaching from a mentor.

Mentors & Coaches

Professional advice through an online coach or mentor can prove useful. Many opt to go it alone, making the same mistakes again and again. Whereas if you hire a professional forex trader, errors are often quickly spotted and bad habits coached out of. Basically, the right mentor can shorten your journey to becoming a successful professional trader.

The problem is there are a host of online mentors and coaches parading as experienced investors and educators. So what should you look for when you hire a professional forex trading mentor?

» Trading plan – The best online coaches and mentors will build a plan that meets your investment objectives, risk appetite, and lifestyle requirements.

» Ongoing support – You’re understandably going to have a lot of questions. Avoid coaches only willing to give you a morsel of their time and who are unavailable to answer queries.

» Personalised training – A good mentor will respect your trading style. They should also tailor their coaching to help cultivate the right mindset.

» Safe space – One of the benefits of seeking professional forex advice is the opportunity to practice trades in a safe space. A good mentor will also live demo indicators and strategies to help improve your performance.

4. Professional Forex Trader Courses

Online courses can also be an effective way to learn from experienced forex professionals. But with so many courses available, what are the key characteristics to look for? Join Forex trading Course

  • Up-to-date – Training should teach you about the latest technical advancements in trading tools and platforms.
  • Professionally led – An online trading academy will often use a library of professional forex traders to deliver their content. Look for courses with enthusiastic and passionate instructors.
  • Quality, not quantity – If part 1 of a course is littered with basic mistakes and technical issues, it’s likely a substandard programme. You’ll learn more from a few high-quality sessions than hundreds of hours of mediocre content.
  • Engaging content – The best online forex courses keep users engaged. Demonstrations in real-time and an opportunity to ask questions will help keep a course lively.
  • Outcome – Make sure the course provides the outcome you’re seeking. For example, are you after certification, a place to test new techniques, or do you want to interview professionals about which indicators and tools to use?

— Professional Forex Trader Psychology

One of the distinguishing characteristics of a professional forex trader is their mindset. Often you’ll find the top performers share similar traits:

  1. Discipline – Regardless of whether you’re a professional stock or forex swing trader, high performers recognise when strategies aren’t working and won’t bow to emotional triggers, such as fear or greed.
  2. Risk control – Professionals understand the risks and rewards of each trade – consistently utilising risk management alerts and tools to mitigate losses.
  3. Confidence – The professional retail trader in forex dares to operate differently, testing and developing innovative investing techniques.
  4. Awareness – Pros can, to a certain degree, measure how perceptions are influencing market trends.
While the professional mindset may come naturally to some, it usually takes years of training and experience.

How Much Does A Professional Forex Trader like Er. Masroor alam Make?

The income earned by professional forex traders varies and a consistent salary is rare. Earnings one month may be several thousand US dollars while next month you may see no profits at all. With that said, many aim to make a 20% profit over the year.

How much a retail trader makes also depends on the capital at their disposal. For example, a 20% return on a $50,000 pot will give you $10,000 in profit, while a 20% profit on $200,000 would give you $40,000.

Final Word

Professional forex traders never stop learning – exploring new strategies and platforms, investing time in online training and courses, as well as developing a robust mindset. If you are trying to find out how to become a professional forex trader and secure that big salary, use this article for directions.


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