We had already seen how traders are classified in the market depending upon their trading style. From short term traders to long term traders, traders seem to exist in different forms. Breaking down them further, we can again find two distinct categories of traders based on the level of experience gained in the field of trading. To put it more precisely, traders can be either experienced or non-experienced.
Non-experienced or say Amateur traders are those who lack basic skills and training to make the most of trading. These traders behave offensive and do not hesitate in trading anything and everything. For these traders, the usually mentality is to seek opportunities in each and every situation irrespective of how others think. Decisions are taken hastily without any intelligent analysis. Such vague mindset is the reason why these traders fail so badly in trading.
On the contrary, Professional traders come with defensive mindset as against the offensive mindset. Professional traders know they can lose. The focus thus is set on the same. These traders see things in terms of volatility and make every move cautiously for better risk management.
To better know about the mindset of an Amateur and the Professional trader, please refer to the infographic below. This infographic highlights reasons why most people are not able to trade well or say as per their expectations. Why actually people fail in trading? You can know it all from the infographic below.
Source - https://www.pinterest.com/pin/395190936025166971/
Non-experienced or say Amateur traders are those who lack basic skills and training to make the most of trading. These traders behave offensive and do not hesitate in trading anything and everything. For these traders, the usually mentality is to seek opportunities in each and every situation irrespective of how others think. Decisions are taken hastily without any intelligent analysis. Such vague mindset is the reason why these traders fail so badly in trading.
On the contrary, Professional traders come with defensive mindset as against the offensive mindset. Professional traders know they can lose. The focus thus is set on the same. These traders see things in terms of volatility and make every move cautiously for better risk management.
To better know about the mindset of an Amateur and the Professional trader, please refer to the infographic below. This infographic highlights reasons why most people are not able to trade well or say as per their expectations. Why actually people fail in trading? You can know it all from the infographic below.
Source - https://www.pinterest.com/pin/395190936025166971/
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