PREREQUISITES TO BECOMING A SUCCESSFUL STOCK TRADER
A GIST OF QUALITIES WHICH RING IN SUCCESS IN STOCKS!
Your interest in the stock markets is kindled. You want to become a success. Great, read on to know what it takes to become a successful trader!
As with anything, passion is important. A passion to succeed in the stocks, a passion to become a businessman by trading in the market is essential to emerge victorious in the stock market.
A successful trader is emotionally very stable. He/she does not get disappointed over losses and does not get over excited by profits! It is the key for success anywhere, more so with stock!
Minimum Trading Capital
To be successful in the Indian Stock Exchange, a minimum capital of Rs.10,000 would be an ideal start. Further, at least for the first 3-4 months you should not be dependent on the money you make from the stock exchange. This is essential to build a stronger capital base and more profits!
A successful trader always analyses stocks on a daily basis. He/she keeps improving the techniques of analysis and keeps getting better at forecasting. Analysis makes a trader an independent and competent decision maker: very essential for success!