In today’s lecture, I’ll share with you why I have decided to add some more Tezos into my crypto portfolio and what is my price prediction for the coin in 2021.

Actually, Tezos was the very first cryptocurrency I ever bought and I really like the idea behind the Tezos. I like the community, I think there is great potential in it because it allows staking, and I personally find staking to be the future of cryptocurrencies. Because obviously, it’s super easy to earn passive income when you are staking cryptocurrencies.

But I will not go into there, I will talk about the Tezos coin, my current investment and what is my price prediction for 2021 and the next couple of years.

Tezos price prediction in 2021

To show you exactly what I’ve done, I will open the Crypto.com app and if you look at my account, where I have the short-term investments and I have the cryptos that I stake, you will see that the Tezos has been a little bit negative.

I bought Tezos exactly on the 9th of March, and I bought 100 Tezos coins. And this moment the price was $4.5993 or we can say it was at $4.60. So I have decided to buy around $400 of Tezos.

And if you already have watched some of our courses or videos on YouTube, you will know that I never put all of the money that I have prepared as an investment for one asset into one position or one entry, or a one-time purchase.

Market crashed because the people panicked

I usually divide it into pieces, so, for example, if I have prepared $1,200, which is currently what I have prepared for Tezos, then I will purchase just for $400. If the price drops more, I will buy more. Probably, you have heard many times, ‘Buy the dips.‘ And this is usually the strategy that I follow. But this time, I didn’t take these lows right here, which happened at the end of February and the beginning of March. I waited for the Tezos to break the resistance of $4.50, which was strong resistance back in August 2020.

And I really don’t feel comfortable buying below a resistance line. So that’s why I just waited a little bit to break the $4.50. I bought it at $4.60, we’ll see where it goes.

If it drops, I’m happy because I will buy more at a lower price, I will have a better average price. If it drops more, I will buy the 3rd piece and I will have even a better average price. And this is the kind of mindset I feel comfortable with.

Because most people, what happens, especially the beginners is they buy crypto or an asset, stock, doesn’t matter what it is. When it goes on positive, they are happy but they regret, why didn’t I buy more? If it drops, they panic. They tend to panic, this is how the market crashed in 2018. Because the people panic they will lose everything and they sold. So many people have bought the Bitcoin at $17,000, $18,000, $19,000 and they have sold later at a much lower price because they have panicked when the Bitcoin crash.

Price of Tezos is depreciating

And that’s a normal human feeling. But if you prepare your mindset in a way that you are happy when the price drops, because you will buy more, then you will feel comfortable at any moment. Because buying the Tezos at $4.60 is a relatively high price from where the Tezos was, let’s say in the last year. But if it drops, I will buy more. Usually, I buy more if the price drops by 25%. If it drops by another 25%, I will buy more.

And I will have a much better average price compared to if I buy the whole thing right now. If the price goes up, alright, awesome. But if the price goes down, I won’t be able to improve my average price.

What is my Tezos price prediction?

Now, where do I see the price of the Tezos coin, and what is my prediciton? I personally think that Tezos is being depreciated compared to some other cryptos that did so well for no reason. But that’s my personal opinion, so it doesn’t really matter.

But because Tezos is one of the most popular assets for staking, I have recorded a video about staking Tezos on the Ledger Live. You can watch it here.

And since I strongly believe that the Proof-of-Stake will be the future in cryptocurrencies, I think all the cryptocurrencies like Tezos, Cardano, and the others that are available for staking on many wallets, on many websites, on many exchanges, more and more people will invest.

Staking cryptocurrencies is the future

Because in the longer term the people invest in cryptocurrencies. Not only to store value or to solve the huge inflation that we have nowadays. But as well to earn passive income. And that’s the reason I have created one of the first online courses for crypto staking. And there I have demonstrated different methods of crypto staking.

Because I personally believe and I will be investing more into assets and cryptocurrencies that I can stake easily and securely on some of my crypto wallets and exchanges. And if I look into the short term and if Bitcoin keeps being bullish and reaching new record highs, I think the Tezos has a huge potential of reaching $10 in 2021 and $15-$20 in the next few years. In the long-term, I feel the staking cryptocurrencies will really go to the moon. And Tezos is one of those.

So I personally feel like keeping Tezos for longer-term investment and staking it. Because prices like $100, $200, even $1,000 are more than realistic for me, for the Tezos. But that’s like really in the long term. And one more time, this is because first, I find the Tezos very depreciated. Second, because the staking cryptocurrencies is the future out there and that investors will look into those more and more because of the passive incomes and the high interest rates that some of the wallets and exchanges offer. That is much more compared to what the banks will offer to those investors if they keep millions and billions of dollars.

Thanks for reading. Let me know what you think about Tezos in the comments below. What is your price prediction for the Tezos coin? How do you feel about staking Tezos? Are you doing it right now? Where are you doing it? So this article will be more useful for everyone. And if you have any questions, let me know. I will see you guys in another lecture.

In today’s lecture, I will tell you why you must avoid to panic and sell everything when Bitcoin crash.

Bitcoin Crash in 2021 – Why Should You Avoid Panic?

This is the last thing you need to do when you are investing in Bitcoin and in cryptocurrencies. If you panic, you will lose it all.

Now, if you panic on the market, most probably, you will do actions that will lead to losses. You will miss profits and you will let your emotions drive your investing. And this is the wrong thing. Personally, in March 2021, I don’t see any reason to panic. And in this lecture, I’m going to explain why.

In recent weeks, in the recent months, when Bitcoin reached record highs of $40,000, $50,000, nearly $62,000 by the time I’m recording this video, I have read so many posts, YouTube videos of people saying that Bitcoin is going to crash and you have to sell it right now.

If you want to take some profits, then you’re most welcome to sell it and take your profits. I always admire people who take profits. But you shouldn’t be selling because you panic.

What happened with Bitcoin in 2021

So let’s see what happened with Bitcoin in the last months. In January 2021, the big Whales or these are the
huge investors that have over 1,000 Bitcoins, have bought over 80,000 Bitcoins in total. And in February, they have sold over 140,000 Bitcoins.

And these are transactions for a few billion dollars. At the same time, the Dolphins and the Sharks, which are the smaller investors that have less than 1,000 Bitcoins, in February, they have bought over 117,000 Bitcoins. And the Fishes, which are the small guys having between 10 and 100 Bitcoins, since November, they have sold over 128,000 Bitcoins.

Prices is not controlled by the Whales only

And you might wonder why I’m bringing all of that to you. What matters if the Whales are selling more in February compared to what they’ve bought in January? Thing is, more and more investors are into Bitcoin. And it’s not only the Whales who control the price.

Now, I’m pretty sure that if a couple of Whales combine their efforts to crash the Bitcoin price, they can do it. But what means crashing the Bitcoin price in March 2021?

In January, the price reached $42,000, and then it fell to $29,000. Which is approximately $13,000 of a retracement, if you have calculated that, that is more than 30% of a retracement. In February, the price reached $58,000 and it dropped down to $43,000 which is approximately $15,000 or above 25%.

Bitcoin price retracement

Now, how much the Bitcoin price crashed in 2018? Nearly the same thing, but this time it recovered much faster. If we calculate in percentage, I agree that in 2018 it was a much bigger Bitcoin crash. But this was because the people panicked.

From my personal experience, what I see in the Trading Academy, from having online courses, and from actually investing in the crypto market, I can see a huge difference between 2017-2018 and today. This balloon that everyone is talking about was because the mass of people around the world was buying cryptocurrencies and Bitcoin. And not that much as the investors. When they panicked, the Bitcoin price really crashed.

But now, $15,000 of a retracement happens monthly and in March, the price reached nearly $62,000. Then it fell to $53,000 which is somewhere at about 14%. So even if we see a little bit of a bigger retracement like what we had in February, and in January 2021, that would be expected.

And why did I say that from the Trading Academy and online courses I know that the price is driven by the investors? Because I know exactly how much demand there is from retail investors, the average people, and the investors. But the important thing here and what I want you to take from this lecture is the fact that the investors do not panic. Every retracement or crash on Bitcoin is another opportunity for them to buy at a cheaper price.

Why investors don’t panic

And let’s imagine for a moment I am a Whale, I have 200,000 Bitcoins, for example. If I see the price at $50,000 or at $60,000. Do you think I’m going to sell all of that? I’m not going to sell all of that. I’m going to sell a small piece. Definitely, it will impact the market and at the same time, I will buy again when the price drops. $15,000 lower is a huge thing.

But the investors are not going to be sweating and trying to sell their Bitcoin fast. Keep that in mind that they don’t panic when Bitcoin crash. And the one reason they don’t panic is because they have a lot of Bitcoin. So it is crucially important to learn not to panic as you will end up always buying it expensive and selling it cheap. Because usually what happens with the beginners and the people who start investing on the market, is that when the price goes up, they are excited. They want to buy more and they buy more.

When the price starts to drop, they start to panic. They start to worry that they will lose their investment and they start to sell. And when the price recovers again and goes up again, new record highs instead of taking profit there, their confidence is back and they buy again. And this way, the mass of people end up buying it expensive and selling it cheap while the huge guys do the very opposite thing, they buy the dips and they sell the record highs.

The Counter Trendline and aggressive Counter Trendline

So try to convert your mindset and try to think like the big guys. Even if you have a small piece, even if you have 0.01 of a Bitcoin. Doesn’t really matter, the quantity never matters. This is why one of my most profitable methods until the moment, is to use the Counter Trendline and the aggressive Counter Trendline which I explain in many of my online courses. So this way, I buy the dips but just when the price starts to recover.

And I use Fibonacci targets to take the profits at record highs. At the end of this lecture, I will share with you one of the most profitable strategies until the moment for the very beginner traders. In my courses, I go to a little bit of advanced technical analysis which I’ve been doing for the last 10 years. But if you want to know which is the very simple strategy that will bring you profits in the long term, this is the Dollar Cost Averaging.

In simple words, this means that you are buying every first day of the month or every Monday. So you buy a piece and you buy a piece and you buy a piece and you buy a piece and you don’t care where the price is. In the long term, when Bitcoin is reaching new record highs, you will be always on a better average price. And the Dollar Cost Averaging strategy is suitable for people who have no idea about charts, analysis, and the news.

Dollar Cost Averaging Strategy

You don’t have time to follow what’s going on in the crypto market, you just want to invest some amount. So Dollar Cost Averaging strategy is definitely one of the things you need to consider. Because it drives your emotions away. And you will have always a better average price when Bitcoin reaches new record highs, which it does all the time.

But one more time, whenever you are comfortable with the profits you have in the account, you should take them. There are always retracements, and there are always new opportunities on the markets. Other cryptocurrencies than the Bitcoin which are just starting out may be a better choice when the Bitcoin crash.

And I’m not a financial advisor, you should always do your research, do your diligence. But when it comes to taking profits and you have profit in your account, then why not take it? So take it, easy guys, think twice before you act.

Look at the charts, calculate how much Bitcoin felt last month, and what is the felt this month. So you will have an idea of what actually means crashing nowadays. But personally, I don’t see in 2021 Bitcoin to crash again to $3,000, $4,000, not even below the $20,000 or even $30,000. That’s how I personally feel it because one more time, too many investors are into it now. Too many companies buying Bitcoin, implementing it into their business.

Thank you guys for reading. Let me know what you think about the Bitcoin crash in 2021 in the comments below. Is Bitcoin crashing right now or not? We’ll see you guys in another lecture.

In this lecture, I would like to explain a little bit about the wallets and the exchanges so you will know how you can store your cryptocurrency and which is the safest way. We use the exchanges to buy cryptocurrencies with our debit card, credit card, wire transfer, or to exchange one cryptocurrency for another, to sell a cryptocurrency for fiat currency, or this is for USD, EUR, GBP.

How to store cryptocurrency online

But the exchanges are not the safest place where you can store your cryptocurrencies. You better use wallets to safely store your cryptocurrencies.

And there are 2 types of wallets.

One is the custodial wallet which is known to be less secure because you don’t have full control of your cryptocurrencies. Others are non-custodial wallets where you have bigger control of your wallet. Such a wallet, for example, is the Exodus Wallet, which is very friendly.

And I have done reviews on YouTube for most of the wallets I use but Exodus is one of the online wallets that I’ve been using and it’s non-custodial, meaning that I have control over my cryptocurrencies, I have my private key, and so on.

And of course, the biggest exchanges like Coinbase have a wallet. So there is the Coinbase wallet, which I’ve been using as well without any issues. It’s very comfortable because the 2 connect easily and I can transfer cryptocurrencies from the wallet to the Coinbase exchange very easily without copy-pasting addresses and it works really nice.

And these wallets usually keep most of our cryptocurrencies offline.

And keep in mind that the different exchanges and wallets secure their funds and their customers in a different way. For example, most U.S.-based exchanges and wallets cover the funds of U.S. citizens up to $250,000. But for the non-U.S. citizens, they pull the cash and keep it in dedicated custodial accounts.

And of course, with time, this will change. So by the time you are reading this lecture, probably the conditions will be different with most of the crypto exchanges.

How to safely store Bitcoin or another cryptocurrency offline

In 2021, one of the most secure and safest ways to store crypto offline is the Ledger wallet, which you can easily keep in your pocket. It’s a hardware crypto wallet. This is where I keep store safely most of my cryptocurrency. So being offline, I have full control of my cryptocurrencies.

Many people are using the Ledger nowadays but keep in mind that it’s a bit costly. We have conducted a detailed review of the Ledger hardware wallet here. Ledger also allows staking, but not for all of the cryptocurrencies. Just for a few of them for the moment. And if you decide to buy the Ledger, don’t forget to read our review first.

Safest way to store crypto

If you have difficulty choosing the safest way to store crypto, you can check our list of trusted brokers and exchanges. I have asked my team to make detailed reviews for the brokers, the exchanges, and wallets that we have been using. And we will add some more cryptocurrency exchanges and wallets with detailed reviews about each one.

This way it will be easier for you to select how to store cryptocurrency. Especially if you are just starting out. So probably by the time you are reading the lecture, more exchanges and more wallets will be on that list. You can use them as a resource for trusted exchanges and wallets that I personally test before we put them on the list.

But of course, before selecting how to store cryptocurrency, you need to make your own research for the safest way to store crypto. For example, on the Crypto.com website, there are 2 different ways that allow you to store cryptocurrency and earn passive income.

One is with the Earn option, which I’m demonstrating in the Crypto Staking course where we can receive up to 12% annual interest from crypto deposits.

And the other option is to do CRO staking. CRO coin is the Crypto.com cryptocurrency and it’s pretty much related to their Visa card options, which I’ve been using as well. But I don’t want to go into many details because I don’t want anyone to feel like I’m promoting this exchange. I just had to pick one of them to demonstrate the staking and the earning rewards.

Learn everything about the exchanges before choosing

So when you choose your exchange, make sure to learn all the different options they offer and all the conditions they have.

As I said, they are changing it all the time. For example, with Crypto.com, as I said, we have 2 options. One is to use the Crypto Earn option and the other one is to stake CRO tokens where you can order Visa card and earn cashback from Crypto.com partners.

And one more time, all of these conditions change. So, for example, when staking CRO, they have different cards, and depending on how much you stake, you will receive different benefits and so on.

But for the purpose of the course, I will start with the Earn option which is more suitable for beginners. And we can earn interest in many different cryptocurrencies, not just the CRO.

This way, I’ll be actually lending my cryptocurrencies to get rewards at the end of the period.

But one more time, guys, don’t take any of the cryptocurrency exchanges, wallets I show and mention in the lecture as a recommendation. I am not paid by any of the companies that I mention. The purpose of the lecture is educational. And I have selected to use Crypto.com for the purpose of the Crypto Staking course because it has a huge variety of cryptocurrencies to choose from for staking.

Hello everyone, what I’m going to talk about today is what it is to be a professional trader and how to become one. I will share with you what it took me to become a professional trader and then as well, I will give you some tips that you need to keep in mind before you start trading.

I know a lot of people are just wondering at the moment, should they start with Forex trading? Is it real at all, the Forex market? Is it possible for me to make money on the Forex market or not? How professional traders trade Forex? And that’s OK, I mean you should always be very careful about what you start with. Especially when you start reading different forums, reviews, comments.

What is a professional trader?

You will see that a lot of people are losing money. So what happens usually is that beginners start to wonder, if trading is a real thing? Should I waste my time and my money to do it? Or should I go for my daily job where I know I will have a constant income monthly? I absolutely understand that. That’s why I wanted to give you a few tips and ideas on what you can expect and what you need to be careful of if you’re interested in becoming a professional trader.

So first of all, let’s make it clear what it is to be a professional trader. Now personally, I consider myself to be a professional trader for 5 years now. Although, I’ve been on the Forex market since 2009. This is how long I’ve been trading. But I’ll be honest with you, I started trading long ago before I became a professional trader.

So to be a professional trader means that you make your living with trading. This is what a professional footballer is, this is what a professional video editor is. When you make your living from the thing, then you’re a professional. That’s like the general explanation I can give you.

So at the moment, when you don’t need to work a full-time job or you don’t need to do any projects or anything else and you do just trading, and that’s enough for you to cover your expenses, to have a good life and to give everything to your family that it needs, then you can say, OK, now I’m a professional trader.

Find capital to trade

As I said, I consider myself to be a professional trader just in the last 5 years. Before that, honestly, it was very difficult for me to get to this point, where I didn’t need to work for any company just because I didn’t have capital. And that’s the number one thing that you need when you start trading, you need to have capital.

Even if you’re good, even if you learn a lot of good strategies, even if you use trading robots like me, but you don’t have capital, it’s really hard. And you should know realistically how much you can make on the Forex market.

Avoid scammers who pretend to be professional traders

There are a lot of scam reviews, scam YouTube videos, people showing unrealistic results. They just want to bring you to something, for example, to a certain broker or they want to take your money. Or it is a video from the broker where they will just promise unrealistic results. So anything that is between 10, 20 maximum to 50% a month is a realistic result. As well, anything between 50-100% a year is still realistic.

Anything that will make you rich in a few weeks, a few months, you will win millions of dollars investing just $100, all of that is crap. All of that is a scam. So if something sounds too good to be true, then it means it’s not true. This is especially how the Forex market works.

There are a lot of scam companies and scam brokers that will promise unrealistic things. So I said number 1 is to have capital.

Learn to trade by yourself

Don’t depend on anyone out there to manage your funds. Let no one do the trading instead of you. No matter what they show you guys, no matter what they promised you, you don’t believe that.

The only person in the world who can do this for you is yourself. You need to learn to trade, you need to learn to do good money management. And you need to trust only yourself, not even me. Even if I really do my best to make my lectures useful for everyone.

But I’m never promising unrealistic stuff and I never say unrealistic stuff in my lectures. So by the time I became a professional trader, it was really hard for me. Because I had to work for other companies. And ever since I graduated, I knew that this is what I was going to do. I always wanted to do it.

At the end of the lecture, I will share with you what are the downsides and what are some of my concerns when it comes to trading, and why I actually started recording courses and establishing the Trading Academy.

Looking for a professional Forex trader course to start with? Check out our Forex trading Masterclass with full analysis and learn how the Forex market works, how to execute traders, and how to follow your results.

How professional traders trade Forex

You will find yourself in a situation, guys. You will know whether you want to only trade or you need to do something else. Or maybe you’re going to combine the two. That’s what I want to answer in this lecture. So as I’ve said, I had to work for companies.

And instead of working some random job, when I was learning to trade, I said to myself: “OK, I will be investing my own money one day. I will save money and I will put it in a trading account and I will start day trading. But where am I going to put this money? I’m going to put them in the Forex brokers.“

Because this is how we can trade, we open an account with a broker, and there we have the opportunity to participate in the market through their trading platform. So I said, OK, I will put my money, let’s say I was always planning to start with $1,000, then obviously I increased that.

I will put my money one day into that broker but what’s here? What’s going on here? Where will I put my money? How do they work? What will they take from me? What does it take to make it? So what I did is I started working for Forex brokers.

Beware of scam brokers

I’ve worked for 5 different trading brokers, Forex brokers and it took me over 3 years. I moved from one to another, not because of better money, not because I wanted to establish a career in trading brokers. That’s not what I wanted. I wanted to see how they do it from the inside.

From where they get the prices, how they are managing the people’s money, where they keep them, and what is the risk involved if the broker goes bankrupt. And most importantly, what it takes for me to be safe putting my money in a broker and knowing that at that moment I will be able to withdraw it because that’s very important.

The scam brokers around will take your money but they will not let you withdraw them later. They will find hundreds of explanations and excuses. And when they cannot find any excuses anymore, they will just stop answering your emails or calls.

And then, on one sad day, you realize that you’ve lost your money. This is how I started learning but at the same time, I was working for Forex brokers until the moment I felt comfortable in trading and I knew that I didn’t have to do it anymore and this is when I became a professional trader.

Manual trading is not far from working a full-time job

So, after I became a trader on my own, trading from home and later from an office, then obviously in 2020 again from home, I realized that to be a professional trader has one major concern and that is why I established the Academy. I had my team and I started recording videos and online courses. And I will tell you what was the concern.

When you start trading, especially when you do manual trading, it is not far from working a full-time job. Because when you start trading and you do it seriously, every day from Monday to Friday, you have to be there at least for 2 sessions.

As a professional trader, I used to participate in the London Stock Exchange session and the New York Stock Exchange session. I didn’t do a lot of the Asian because it’s during the night for me. But when you want to be really serious about it, you need to sit in front of the computer, you need to follow the news, you need to know what’s going on in the market, you need to follow a few strategies, look at the charts.

I used to have so many monitors, in some of my old videos, you will see that I have 6, 7, 8, up to 10 monitors. And that was really exhausting. At one moment, I realized that if I’m not trading, I’m not making any money. I had some really good months and some bad months. And most of the bad months when I didn’t make a lot of profit, it was because I was traveling a lot (I’m even traveling right now, and I’m recording this video/lecture where I explain how to become a professional trader).

Why do algorithmic trading with Expert Advisors

So when I was not trading, I was not making money. One of the solutions for me was to switch to algorithmic trading, and I did it.

Right now, while I’m creating this lecture, I’m trading with Expert Advisors or trading robots. And this is what I usually teach in my courses. Moreover, I started creating more content for our students. Because when I’m recording online courses and when I’m recording YouTube videos I have an extra income obviously.

I have followers and subscribers and students, by the time I’m creating this lecture, we have 30,000+ students. Real students in the Academy, who bought our courses and I’m very happy with that. So monthly, I have income from the content that I’ve been creating and sharing my strategies and my systems for trading.

I try my best to create useful content

So even if there are days when I don’t have the opportunity even to trade with algorithmic trading, some problems with the VPS or it’s just not the moment to trade with EAs, there are such moments on the market, I still have the income from the courses. This is how I found myself comfortable, I keep trading but at the same time, I create useful content.

I create videos, I write blog posts, I’ve always wanted to make my content useful. Because I know that when it’s useful, you will watch the next video. Probably, you will get some of my courses, it will be useful, you will be learning something, I don’t want to lie to people, I don’t want to mislead people because you will feel it.

You will understand it in one moment and then obviously, you will not watch any other video from me. So I am really happy to have the opportunity to record videos, and to create content, making income at the same time.

I’m now concentrating more on content creation and investing

Nowadays, trading is not my major priority. This is because I want to dedicate more of my time to create useful content and expand the Academy to thousands of people, so I am slowly switching to investing. And of course, because I have the opportunity now to invest bigger amounts of money.

So in 2020, I prefer to invest and now in 2021, obviously, I’m investing a lot in cryptocurrencies because it was just super easy in 2020 to make profits on the crypto market. And much bigger profit than what the Forex market offers.

And I don’t know how far the cryptocurrency market will go, honestly. A lot of people ask me this question. What I know is, that for the moment, there are a lot of opportunities in crypto trading and I always take the opportunities. If the crypto market starts to fall, then I will just take a lot of the profit, I will keep some of the crypto coins and I will leave the rest for the next momentum when we have the next strong up movement for Bitcoin and the other cryptocurrencies.

The approach you should take to become a professional trader

So basically this is what it takes to be a professional trader. This is what it took to make it. First, you need capital to start trading. Second, you need to learn before you start trading. And third, I’ll suggest you don’t quit your job until the moment you make more money from trading.

So if you do, let’s say $2,000 from your daily work, let’s say this is your salary at the end of the month, I don’t suggest you quit your job unless you have $2,000 from trading monthly. And to be realistic with that, you need to have at least $10,000 so if you make like 20% for the month, this is $2,000.

A lot of the beginners ask me, “Is it OK to start with $100, or with $200?” It is, but you need to be really lucky to grow your account to thousands of dollars, which will make you comfortable to quit your job.

You need to be passionate for you to succeed

And the last thing I wanted to share with you is that to be a professional trader on the Forex market is one thing, to be a professional trader on the stock market is a different thing, and on the cryptocurrency market, it’s another thing. Even in the Forex market, if you do manual trading and you do algorithmic trading, it is very different. You need a lot of different skills and experience and you need to learn in detail one of the two.

So if you don’t know where to start, what I would suggest you do is to try all of those markets. Just try Forex trading manually, Forex trading automatically, take a few courses for one of the trading markets you’re interested in. Take stock trading courses, take cryptocurrency courses.

That’s why usually I do courses for all of these, which will make it easier for you to decide which is your thing. You need to feel really comfortable when you’re doing it, you need to have a lot of desire to learn about it. Anyway, if you’re just forcing yourself to do it, it’s not really going to work.

An institutional trader is not the same as a professional trader

The last thing about being a professional trader, as I’ve said at the beginning, is when you are making enough money for yourself or for your family, so you won’t need to do another job. There is a huge difference between a professional trader and an institutional trader.

A lot of people are wrong when they say you can’t be a professional trader if you haven’t been an institutional trader, that’s wrong. For me, I haven’t been an institutional trader simply because, in Bulgaria, there are a lot of brokers but there are no trading companies like hedge funds or the huge guys who manage funds, and have institutional traders.

It is fair to say I didn’t have that opportunity. I didn’t have the chance. I guess it would have been a great experience in the times when I was working for brokers if I had a few years working as an institutional trader. But the main difference there is not because they have these amazing strategies that nobody knows, what they have is a lot of money and when you trade with millions or even billions, actually it’s not that hard.

Institutional traders know the news before the news is out there

Because even if you buy an asset and the price drops, you’re totally fine because you can buy at this price and if it drops you will still buy. And you will have a better average price at one moment when the price goes up again, which always happens on the market, you will be profiting. They have strict rules to follow.

And lastly, because I’ve been to such offices in London, I haven’t worked but I have visited such offices, they pay for information. They know the news before the news is out there. So these guys pay a lot of money to Reuters, Bloomberg, and the other huge media, where they get the news before the news is published on Forex Factory or on the economic calendars of the brokers.

This is how they trade the news very successfully because they know what they are doing and they have the information just before everyone else.

This was a brief overview of how I started with trading and what it took me to become a professional trader. If you want to make a career in trading, consider investing some time in education first and take a good professional Forex trader course before you jump into the deep waters of trading. Or crypto course, or stock trading course, it’s up to you.

And if you enjoyed the lecture, I would be happy if you share your thoughts in the comments below. I will see you in another lecture about trading.