If played methodically, anyone has the chance to defeat anyone regardless of their experience level and expertise. It may sound incredible, but amateurs enjoy some extra privileges over a professional. We know the professionals are more likely to more money, more days of trading experience, more effective and accurate instruments, and a reliable hunch mechanism built on a longtime practice of the craft. But we also know that amateurs are not aware of some great advantages that they have, but professionals haven’t.
How to Defeat a Professional Trader Being an Amateur?
The first task an amateur who is eager to defeat a professional need to realize that the professionals are not beyond the mistake-committing-line. None is when we are talking about the Forex market. The high volatility of the currency share market can drown anyone literally anytime. Though the established traders have more backups and don’t take much by small hit, they are still vulnerable. And one who is vulnerable is also beatable.
Let’s dig deep into some of the vulnerabilities of professional traders.
1.Professionals are Conservative
People have some wrong conceptions about big shot traders, and one among them is they are extravagant. People think that celebrity investors are always passing their time spending money and buying luxury for their lives. In fact, they are more rational than that.
It’s not an overly intricated idea that there have to be some specific qualities in an expert for achieving massive fortune, and wasting money is not one of it. If they wasted money, they couldn’t survive that long. The most common strategy they follow is to engage in longtime trades. Then they keep analyzing the market’s condition to recognize an optimal exit point. The most pressure comes on a professional’s shoulder is at the end of the year.
During this time, they want to get more bonuses and conveyances provided by their banks and accounts. They act more likely as the beginners but feel pressure about a few times greater than the beginners feel. To reduce the stress, you can use Rakuten trade to take advantage of the advanced tools.
2.Professionals Use Hedge Funds
Because hedging limits potential risk. Hedges are popular with those who are trading with other people’s money, and most of the time, big shots do that. While such funds get less exposure to risks, they have limited winning ability too. Even winning 30% can be a celebrate-worthy event for the hedge fund holders.
Conversely, amateurs have far more flexibility in their trading approach. 30% winning is not a big deal to them, and even they achieve more often in a year period. They don’t know all the institutional restrictions a tycoon goes through in their daily life.
3.High achievers Have to Play Sycophant
Most mogul investors have someone to back them up, and at the end of their trading day, they are required to answer them. So, they have to define every single decision made and every misread of an indication.
It’s harder to understand the pressure and restraints that come along with such subordination. As thinking clearly and choosing the right lead takes more independence than anyone can think.
4.Amateurs Can Pivot
Dealing with smaller accounts is not only simpler but also faster. The consequences of any mistake have fewer repercussions, and most of the time, they remain unnoticed. Amateurs can take their decisions more freely and have none to take questions from. All these feasibilities take them to a point where they are already on the winning side comparing to the professionals. Trading and life are more peaceful and giving for them.
Last but an important factor is none is actually trading against anyone in the currency market. The system deviates from all those platforms’ system that put joiners into a clash. In the Forex market, one has to fight only against the market condition and price movement.