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Topic: Qualification for Professional Trader - page 2. (Read 512 times)

hero member
Activity: 1834
Merit: 523
November 04, 2019, 10:23:37 AM
#33
A professional trader for me have a lot of experienced they do trading almost years from now and their learn a lot of knowledge about in trading and they know how to control their emotions and many positive characteristics. We all know that we don't hve any official criteria to become a professional trader only depends on us if we think they are pro or not.
hero member
Activity: 2520
Merit: 783
November 04, 2019, 09:03:02 AM
#32
I'm thinking about how to be qualified as a professional trader, There's a web site that I found on ads and it's called Etoro. On the website they allow users to copy a certain trader's portfolio and the website show the trader's current growth.

My question is how can a certain website know if you are qualified as a professional trader? I don't think the portfolio is enough to be trusted because it is easily manipulated by some editing skills.
I think they also need to show every trade not just the port folio of the user ,
I haven't used it but I think they would also let you copy every move of the trader if they dump their token then that means that the system would also dump the same amount of what you hold since you are copying that's users move.
But if that's not how it works then I don't think that it would really be useful if they would just show you the portfolio of the user then let you handle your own trades.
If it would only be like that then it is just like telling some new traders to buy some random alt-coin.

There's a certain percentage on the settings on what you want to use for copying the trades of the traders and whatever result they get you will also earn the same percentage with the trader you choose and actually it's a good service for lazy traders and for newbies should nce they can earn without doing anything.

And also there's a trading stats and rankings provided for the traders aswell you can see there result whether it's positive or negative.
sr. member
Activity: 994
Merit: 257
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November 04, 2019, 07:45:08 AM
#31
I'm thinking about how to be qualified as a professional trader, There's a web site that I found on ads and it's called Etoro. On the website they allow users to copy a certain trader's portfolio and the website show the trader's current growth.

My question is how can a certain website know if you are qualified as a professional trader? I don't think the portfolio is enough to be trusted because it is easily manipulated by some editing skills.
I think they also need to show every trade not just the port folio of the user ,
I haven't used it but I think they would also let you copy every move of the trader if they dump their token then that means that the system would also dump the same amount of what you hold since you are copying that's users move.
But if that's not how it works then I don't think that it would really be useful if they would just show you the portfolio of the user then let you handle your own trades.
If it would only be like that then it is just like telling some new traders to buy some random alt-coin.
legendary
Activity: 1596
Merit: 1034
November 04, 2019, 06:51:33 AM
#30
Yeah showing your portfolio isn't enough to show that you are a professional trader.  Achievements is the most important in my opinion. Wherein strong proofs such clear copy (not edited) so that everyone will trust.  Because mostly nowadays claiming their selves as a professional but have no specific reference.  What i mean mostly are fake. 
first of all i'm not sure that the etoro platform provide a legitimate service.

i have not used nor visited the site yet , just now make a quick research about how the platform works it seems they facilitate us especially a newcomer trader who want to learn or making profit through by as simple as following other trader strategy -a professional-
but here i maybe can tell you that being professional required a recognition , as you said by having some real achievements , good trading history and maybe some relatives that can vouch for them professionally are the one who deserve to be called as a pro trader.

there is no specific qualification set by any instituion for this.
hero member
Activity: 2156
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November 04, 2019, 06:51:21 AM
#29
   
Very funny, if there is an opportunity to make a good trader by the help of a portfolio then everybody will manage a good portfolio and make themselves as a good trader, I don't know how they could think like that. if you don't have any skill then how can you recognise about the market, So I think without getting properly trained and skilled regarding this system no one can get something when you have the capacity to make money from trading then you might be called a good professional and skill trader, for me, trading should be based on your own experience and interest.
hero member
Activity: 1974
Merit: 502
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November 04, 2019, 04:36:39 AM
#28
I think you will just be qualified for them but not for everyone.

How about this. How do you identify a professional trader? Is there such a thing?
They are just showing their wins but not their losses.
I am watching them all in youtube including market analyzers but still I am having a hard time to believe with what they say.
Just like you said, it could all be edited for their own to make it look good to everyone.

For sure it will affect the company reputation if they hide the losses of their traders and they will have a proper screening or rankings so that  the user will define  on which traders is good for them. If you still not satisfy with the information you  got much better to read on their site on how they choose their top rank traders.

Their website had such amazing previews to let the viewers be amaze for those successful traders, but I don't think that they have plans to reveal traders who had bad days on them. Confidential matters always fall unto the decision of the exchange site admin whether they allow it to have transparency, or a discreet information which cannot be disclosed because it affects the reputation of the exchange site.
It's more like the main stream media, every details of an article was sincerely filtered.
TGD
hero member
Activity: 1288
Merit: 620
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November 04, 2019, 02:09:24 AM
#27
Trading portfolio on stock exchange can't be manipulated. Your portfolio there will be transparent unlike cryptomarket. Etoro is brokerage company. Which means they know if the trader really have good portfolio or not.
I think you are not that familiar on stock exchange.
hero member
Activity: 2632
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Jack of all trades 💯
November 04, 2019, 02:02:54 AM
#26
I think you will just be qualified for them but not for everyone.

How about this. How do you identify a professional trader? Is there such a thing?
They are just showing their wins but not their losses.
I am watching them all in youtube including market analyzers but still I am having a hard time to believe with what they say.
Just like you said, it could all be edited for their own to make it look good to everyone.

For sure it will affect the company reputation if they hide the losses of their traders and they will have a proper screening or rankings so that  the user will define  on which traders is good for them. If you still not satisfy with the information you  got much better to read on their site on how they choose their top rank traders.
hero member
Activity: 2912
Merit: 642
November 04, 2019, 12:39:09 AM
#25
I think you will just be qualified for them but not for everyone.

How about this. How do you identify a professional trader? Is there such a thing?
They are just showing their wins but not their losses.
I am watching them all in youtube including market analyzers but still I am having a hard time to believe with what they say.
Just like you said, it could all be edited for their own to make it look good to everyone.
hero member
Activity: 2912
Merit: 556
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November 03, 2019, 11:56:52 PM
#24
Perhaps, they have some point to determine if someone is a professional trader, so by giving them your portfolio, they will determine if you can be one of the professional traders. But the portfolio cannot be a sign for someone as the professional trader because that person must have a high-skill to be the pro trader.

But after I watch some videos about copy trade in eToro, it seems that the risk is very higher because we don't know how good that traders who want we copy. We only choose them as the base to trade, and if somehow they lose, we get a lose too. I see that the system can work well if we found a trader who has high skills, but still, the risk will be there.
sr. member
Activity: 1050
Merit: 250
November 03, 2019, 11:47:23 PM
#23
Yeah showing your portfolio isn't enough to show that you are a professional trader.  Achievements is the most important in my opinion. Wherein strong proofs such clear copy (not edited) so that everyone will trust.  Because mostly nowadays claiming their selves as a professional but have no specific reference.  What i mean mostly are fake. 
profesional was not neccessary to prove him self.its not important to get appreciation from other traders.trading result could be edited and its not representated for traders skill at all.profesional trader prefer to analize market and find best opportunity to earn money.in my opinion its not truelly profesional if they showing off their portofolio or trading result.he just want attract beginner follow them and charge fee for it.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
November 03, 2019, 11:40:22 PM
#22
I'm thinking about how to be qualified as a professional trader, There's a web site that I found on ads and it's called Etoro. On the website they allow users to copy a certain trader's portfolio and the website show the trader's current growth.

My question is how can a certain website know if you are qualified as a professional trader? I don't think the portfolio is enough to be trusted because it is easily manipulated by some editing skills.

I don't know the real score  on how Etoro select here professional traders but for sure they are seeking base on the performance of the potential traders and possibly they will undergo on series of test trades so that they can validate that  the person they get  is a great asset and  not a noob. And also maybe these guidelines can help https://www.etoro.com/customer-service/help/1283696/how-does-etoro-choose-the-top-ranked-traders/ it's there way to rank there traders and possibly it can give you a hint on their qualifications.
sr. member
Activity: 700
Merit: 250
November 03, 2019, 11:35:14 PM
#21
Portfolio only does not qualified to be a professional trader as this can be easily manipulated. There are a lot more than meet the eyes for someone to qualify as a professional trader. It takes a lot of time, research and discipline.
You are right not only portfolio is judge the professional traders, Nowadays everyone plan the perfect way but sometimes professional traders also loose the investment on sometimes. I hope crypto investment risk factor is too large so professional are loose few money and earn huge profit.
legendary
Activity: 2814
Merit: 1112
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November 03, 2019, 11:24:50 PM
#20
You mean copytrade , this is common in forex trading. Person who have skill (IDK they are professional or not) about forex trade, provide copytrade to another trader who want to join they group, and trader who join this group just wait because copytrade run automatically, still can close the order if thinking the profit is quite enough. I do this for almost 2 weeks, interested to this because the bonus deposit, and must pay fee for copytrade approx 10-15% from total profit. Maybe this method common in cryptocurrency with name paid signals, but in cryptocurrency trade is do manually by trader itself.
Professional or not I don't know, maybe they called professional because their analysis more often correct.
sr. member
Activity: 1988
Merit: 283
November 03, 2019, 10:01:53 PM
#19
Yeah showing your portfolio isn't enough to show that you are a professional trader.  Achievements is the most important in my opinion. Wherein strong proofs such clear copy (not edited) so that everyone will trust.  Because mostly nowadays claiming their selves as a professional but have no specific reference.  What i mean mostly are fake. 
full member
Activity: 1316
Merit: 104
CitizenFinance.io
November 03, 2019, 07:54:42 PM
#18
Portfolio only does not qualified to be a professional trader as this can be easily manipulated. There are a lot more than meet the eyes for someone to qualify as a professional trader. It takes a lot of time, research and discipline.
sr. member
Activity: 2044
Merit: 314
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November 03, 2019, 07:44:37 PM
#17
Professional trader for what? Are you applying as a fund manager or what?
For me you can identify yourself as a professional trader if you are earning more than what you’ve loss and this title is not important if you are focus on your own goal. If you want to win in trading don’t aim for this title, aim for more winnings and build yourself as a good trader, this is what matters the most to me.
full member
Activity: 952
Merit: 104
November 03, 2019, 06:50:49 PM
#16
I'm thinking about how to be qualified as a professional trader, There's a web site that I found on ads and it's called Etoro. On the website they allow users to copy a certain trader's portfolio and the website show the trader's current growth.

My question is how can a certain website know if you are qualified as a professional trader? I don't think the portfolio is enough to be trusted because it is easily manipulated by some editing skills.
If the portfolio was the only basis then anyone can be a professional trader either editing or borrowing some photos. If you really want to be qualified a professional trader, its not only the portfolio, you must show something else like skills and how do you chart. I don't know etoro but it is currently circulating around some website and youtube ads.  What's the benefit of joining etoro as a professional trader?


That's right mate specially rich man can stored huge amount in there porfolio if they want you called a professional trader. For me a qualification being a professional trader is have full of knowledge and skill with have self control for their emotions.
legendary
Activity: 3122
Merit: 1398
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November 03, 2019, 04:29:23 PM
#15
I'm thinking about how to be qualified as a professional trader, There's a web site that I found on ads and it's called Etoro. On the website they allow users to copy a certain trader's portfolio and the website show the trader's current growth.

My question is how can a certain website know if you are qualified as a professional trader? I don't think the portfolio is enough to be trusted because it is easily manipulated by some editing skills.

Yeah, Steve the pro-trader and Dave, the gamer.

Etoro is a licensed company, regulated and running for several years now, so I think the stats of those so-called professional traders there are legit. However, I think I read somewhere during the time I got hype by that company because of the "copy feature", that users can only see a limited detailed statistics of those pro traders they want to copy.  When I say "detailed", we must see the breakdown of their trades during a specific given timeframe e.g monthly, yearly, etc. Maybe for privacy? I just don't know if that data will be available once you finally paid for the service. Damn, I think the price was $5,000 so I hesitate lol.

To answer OP's question in general, yes, there are chances that those stats are manipulated. Now to minimize the risks and if people really want to push their desire to test that kind of service, never test the waters on those unpopular and not well-established broker company sites or any related sites that offer trading copy features.
hero member
Activity: 2184
Merit: 798
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November 03, 2019, 04:06:26 PM
#14
Snip
My question is how can a certain website know if you are qualified as a professional trader? I don't think the portfolio is enough to be trusted because it is easily manipulated by some editing skills.

As far as I know, etoro's top traders are gotten from different metrics like # of winning trades, winning rate and other stuffs. I've used their services in the past. I think about the 2017 bull run. But it hot bad in 2018 as their trades kept hitting stops and losses. I wouldn't advice anyone to do copy trading not even with coindash (now blox). The best way is for one to learn how to trade by themselves.




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