How do I make a career as Stock market Trader in India? What are the required qualifications and experience?
TRADINGFEATURED
"Most traders skip this stage and that is why they fail"
Becoming a trader can be broken down into 3 steps. The problem is knowing these 3 steps.
Here they are :
Step 1 - Finding your system.
This step can be broken down into :
Find your strategy.
Set your trading rules.
Set your risk management rules.
This is the easiest stage but arguably the most important.
Step 2 - Take that system to demo.
Now you have a system, it’s time to build confidence in it.
Use this system on a demo account for 3 months.
Find your win rate.
Make small improvements to increase profitability
Most traders skip this stage and that is why they fail.
Step 3 - Taking it to the market
This is the big stage.
Take the system that you now know works for a live account.
Stick to your system on a small live account for a few months to build more confidence.
Keep compounding.
Credit: Quora