Qualification for Professional Trader

[abel1337]

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.

[Apened]

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?

[abel1337]

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?

Maybe traders who is applying will do some live trading? to confirm its skills?

Simple, They joined Etoro to provide service by letting their portfolio be copied and getting a commission on the website.

[Quidat]

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.

No it cant be easily be edited though.I'll give you an example but for forex discussions where you can able to track out
traders history with this https://www.myfxbook.com/. Brokers would simply offer those kind of copy trading service and noobs
do easily being hooked up since you are just simply copying them as a benefit for the platform on where they would use since
commission would always be present.

[wajik-tempe]

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.

We can distinguish between pro traders and the usual traders is from their history of their analysis. Pro traders are not taking a trade by feelings and news , but they always do a technical analysis before they enter a trade. So i think just from portofolio we can't say the person is a pro trader just because they have a big amount of assets there, we don't know how much capital when they start trading

[Apened]

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?

Maybe traders who is applying will do some live trading? to confirm its skills?

Simple, They joined Etoro to provide service by letting their portfolio be copied and getting a commission on the website.

Yeah might be possible because that's how they will be qualified and to show their skills. In terms of copying a trade or lets say what tools they were using i think that is kinda hard unless people who wants to copy trade will have that skills or will let that trader trade for his or her money.

[NathanJB]

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.

Etoro's ads are everywhere, in Facebook, Twitter, Youtube, etc.

I only consider a trader a professional trader if he is focusing on it full time, or if he is earning much of his income from it, or perhaps he is employed by a trading institution as a trader, or he has undergone formal courses on it. If a trader is trading on his own and when he has vacant time only, or only if he gets to access to some other traders' TAs, then he is not a professional trader.

[ReiMomo]

I also noticed etoro ads on my FaceBook and sometimes on YouTube.
No, that is not an indication that you are in professional traders that is something like an affiliate program. Once someone copy-pasted your portfolio, you can get a 10% bonus from the investors, but you can't withdraw all these bonuses.

For further knowledge, you can read this article and they are thinking that etoro also looks like a scam. But I personally think that it is a marketing strategy to lure gamblers to join etoro. https://socialtradingguru.com/etoro-scam-or-not

[pundit]

I do not know much about eToro except its name but in general portfolio can't be easily edited. Professional portfolios are build by good trading over a time period. As far as forex trading is concerned, there is an investor password by which any third person can check and analyze trading of any trader. These passwords are used to fetch detail from broker and it builds a portfolio like how much is the winning rate, how much is dd, what is percentage of profit/loss, how much amount was invested, what was withdrawal everything we even cannot assume. I am sure eToro will also have something like this to build any professional portfolio.

[Ailmand]

Maybe such platform hire professional traders and verify it thru having an actual trade, interviews, or situatioan exams to verify how a trader will decide. Of course they will have proof of your trades and also will look into your portfolio.

[avikz]

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.

Copy trade is somewhat popular in forex market. Apart from Etoro, there is another broker called FBS which also allows users to copy other's trade and I have tried it on FBS itself with a small amount of money! But the result was a disaster! I lost all my investment within 3 days! However, there is a very simple process to become a trader in FBS. Just check the below link,

https://fbs.com/trading/copytrade-for-traders

Once FBS approves you, your trade patterns will be open to the public and they can start copying your trade. In exchange, you will get 5% of their total trade volume as reward. I don't see restriction to become a professional trader in FBS. Etoro must be having similar policies as well!

[Shasha80]

I know etoro from ads that appear on videos when I watch YouTube. I think it's not as easy as we think it to editing a portfolio,
there are indeed some people who have editing skills but there are very few. To know that we are qualified as a professional
trader maybe etoro has a special app or platform to test our trading capabilities, then we are interviewed live. For payment,
it is possible to share the money from investors who have joined as etoro customers.

[TinaK]

We are no one to judge or justify this is a quality for the professional trader. people will consider the person who is winning and being top in the market this is applicable for trading as well as any kind of field in this world.
Som not sure how will you categorise this person is professional and that person is not.

[nelson4lov]

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.

[harizen]

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.

[rodel caling]

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.

[samcrypto]

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.

[Zemomtum]

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.

[Ararbermas]

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. 

[Strongkored]

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.