Professional Traders

Become a professional trader at PriceMarkets and obtain more possibilities like a higher leverage.

You may be an elective professional, if you come up with at least 2 of 3 points below.

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Trade amount

Have you carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters?

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Portfolio

Do you have a financial instrument portfolio exceeding EUR 500,000?

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Qualifications

Have you worked in the financial sector, in a professional position requiring knowledge of derivatives trading, for at least a year?

​If you were able to answer YES to at least 2 of any questions above, you can request the Professional Trader Status.
Price Markets has the right to reject anyone if they are not happy with the information they provided.

You may choose to request your classification as a Professional trader. If you think that you qualify as professional trader, you may communicate with us and we will examine your request.
A professional client is the one that demonstrates significant experience and understanding of the risks involved in trading, while is knowledgable and exprerienced enough to make trading decisions without the additional protections provided to the retail clients.

Retail client protections do not apply to Professional Clients.

10 common characteristics of professional clients

Notice: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

A lot of people come to Forex/CFD Trading without having a clear understanding of their main target. There are those who think that trading on financial markets brings a quick and easy profit. Most of the newcomers have this perception. Such kind of clients quickly lose their deposits and principal amounts and leave the market, believing that they were cheated. A minority of newcomer traders understand that trading is a daily complex analytical work that requires constant intellectual, physical, and moral efforts. Every such trader dreams of becoming a professional. They strive to understand which trading systems and indicators are used by professionals and, how to build their trading day. It is important to understand who can be called a professional trader. It’s a person for whom operations on the financial market can be their main source of income. Several professional traders have been known to consistently earn income in the long term, and this is actually the main target for every beginner. Naturally others who lose their capital will cease from this trading activity as being a professional does not guarantee always gains.
Trading CFDs may lead to a loss of your invested capital.

Below we list 10 common characteristics of professional clients:

1. Don’t spend a lot of time for market analysis

If you think that to reach success when trading you need to sit in front of the monitor all day long, analyze charts and control the release of economic news in real time, you are mistaken. Professional traders exactly know their strategy’s setups and only need to take a short look at the chart to define whether there is an entry today or not. You never should sit all day and waste your energy searching for non-existent signals. You should have clear setups, and be sure of your strategy.

2. Professionals trade only what they see on the chart, but not what they want to see

No one exactly knows what the market is going to do next, not even professional traders. They can only expect and make forecasts. So you should never guess, just take a look at the signals according to Your strategy, and if you don’t have a view – just don’t proceed. Newcomers often try to predict market and find signals where there are none. This leads to errors and losses.

3. Professionals don’t use indicators

Most of traders wonder what indicators professionals use in their work. But the truth is that they don’t actually use them at all. Professionals trade with a clean chart. All indicators are based on historical price data and can’t tell you anything new about the future. Everything you need for analysis already exists on the chart. Of course, you can put 1-2 indicators on the chart (for example, a moving average), but not to look for signals, but to determine the trend and support/resistance zones. As soon as you remove all the indicators from the chart, you will see the most important thing – we are talking about the price, already including every useful information. All professionals pass the way from searching for the TOP-indicator (it the very beginning) and later on always come to trading with a clean chart.

4. Professionals never use trading robots or advisors

Many traders appear to have tried various expert advisors and trading robots, both free or paid, but frequently in the end it never leads to any profit. Robots are just a program, it can only show good results in a short period of time, but the market is constantly changing. To get a more stable income when trading in the long term, you need to be free in your actions and potentially, not rely entirely on an algorithm. Artificial intelligence potentially is not yet ready to replace the human mind.

5. Professionals don’t take into account fundamental news

Most professional traders do not use economic news in their trading strategies. If you really want to trade on economic news, you need to have a real time information flow from in the Central Banks and Ministries of Finance of major world powers, as do European banks and international investment companies, which requires heavy resources and extensive financial analysis. Moreover, daily fundamental news releases have only a slight impact on medium-and long-term strategies.

6. Professionals never listen to “experts”

Did you ever enter the market just by considering the advice of an “expert” who’s publishing his signals in a blog? Most likely, you have like many other people, and often it proved to be a mistake. The funny thing is that in the a next blog, another such “expert” expresses an absolutely opposite opinion a similar market situation. Comparing the forecasts of such “experts” can really be confusing but such are the market forces and opinions. Often diverging and inconsistent opinions and variables being at play concurrently with no clear direction. You should clearly understand that professional traders have their own personal opinions about when and in which direction to open trades. You should take the responsibility and never listen to the advice of “experts”.

7. Targets should be feasible

You will never earn $ 1000 per year with a starting deposit of $ 100. You have to set realistic targets, and at the same time clearly understand how much you are ready to lose in each transaction. You should be a disciplined trader and follow a planned money management strategy. For professional traders, the optimal return is oftenly 30% per year. Based on this figure, you can calculate how much funds you need in order to get an acceptable income for you per month.

8. Professionals have no emotions when trading

Such emotions experienced as are greed, fear and excitement and many times these appear when a trader is absorbed from their trading strategy. Many times, such emotions consume traders following the pressures that markets introduce. They put their capital at risk, go even to the extent of taking out a loan or mortgaging their home to trade Forex. Of course, every loss of profit for them is very significant and negative. Professional traders do not have such emotions, they trade absolutely calmly, because of several reasons. First, they only deposit money for trading that they don’t mind losing or know they may lose. Secondly, they have a stable job or investment as an alternative, as a kind of insurance if trading does not go their way. In this way, they take the pressure off, trade for fun, and as a result, they succeed in reducing such emotions from consuming their trading experience.

9. Professionals are disciplined and organized

If you want to become a professional trader, you have to develop a trading plan and a transaction log. This will help you to better organize your work. If you still don’t have them, and think you can manage without, then sooner or later you may find yourself wishing you had organized your actions in a better fashion. You should develop a detailed plan before you start trading, and follow it clearly, recording the results of each deal in the log. Then you will become as disciplined and successful as a lot of the professional traders out there.

10. Your trading strategy should be simple and clear

Newcomer traders will be surprised to learn how simple the strategies used by professional traders are. They do not have a huge number of indicators, complex mathematical calculations and graphical constructions. This is not an industry secret, that professionals use a clean chart. The simpler the strategy, the more accurate signals it produces, thus there are no ambiguous interpretations regarding the entry into a potential investment.

Keep in mind!

  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money;
  • We are ready to provide superior trading conditions for professionals. They operate significant monetary amounts, so we would be glad to grant them higher leverage level (1-100/200), lower commissions and lower spreads;
  • Now you can use a higher leverage, but you must understand that a high leverage can work against you and increase your losses placing your full capital at risk;
  • You will not enjoy any protection from a negative account balance. You are at risk of losing more than your entire deposit;
  • Professional clients do not benefit from the same degree of protection as Retail clients. It is the responsibility of the professional client to request for a re-categorisation if they deem to require a higher degree of protection;
  • Risk Warnings: Price Markets furthermore will not be required to provide to you as a Professional Client the same risk warnings catered to retail clients in relation to transactions in complex financial instruments.

Protections you’ll waive

  • Leverage restrictions that are applicable to Retail Clients do not apply to professionals. With increased leverage comes increased risk.
  • You will NOT have negative balance protection. Should your account fall into a negative balance you will be obliged to make additional payments (your losses can exceed your initial deposit).
  • There will be no product restrictions as you agreed that you understand the risks associated with trading complex financial products.
  • We may use more sophisticated language when communicating with you. This communication will remain clear, fear and not misleading in any way. 

Ready to become a professional?