It is important that a trader should have sufficient capital, knowledge and time to becoming a full time trader. You should gain understanding and support from your spouse (if married) too. In addition, sufficient savings should also be divided into two areas; One for regular expenses where a timeframe of at least 6 months should be set in case that you have not gain any or insufficient profits to withdraw yet; and the other area for Emergency fund. This is especially important because trading are considered risky. Ensure you had proper trainings and knowledge in trading, and the methods you learnt had proven strategies where it had earned you profits consistently. If there are no earnings, fear and negativities may be accumulated and would demoralised you, and your lifestyle is also affected especially if you has a family and children. Depends on your trading strategy, do you need to withdraw monthly or continue to roll? I suggest all different scenarios should be considered and plan beforehand. I believe that anybody can be successful if they are ALL well prepared and Confident when their strategies gives them PROFITS Consistently, otherwise it will be pure stress. Please always remember to have backup plan for the "If it doesn't work ". Best Wishes and Good Luck Trading!
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