yes I am a full-time trader in my retirement though. you mus...
yes I am a full-time trader in my retirement though. you must be willing to spend a lot of time devoted to watching charts and keeping up with the current trends. staying aware of what moves the market and using strategies to trade better. having a base of funds is essential you must be willing to save and not use the money for other things. success is measured in small percentages not large gains. keeping up with many companies and their economic Outlook is very important. not listening to a lot of street talk and people that want to just throw words around and do your own due diligence will help you in the long run.
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LuckyPiggie : Agreed. Whatever street talks, still need to do your own research and not drive in.
WizofWS : Becoming a full time trader isn't about getting rich quick or taking shortcuts to find the easy way to success, even if that's initially something that draws many to the profession. If "easy money" in just days or weeks is your goal or you don't want to put in the effort and time required to develop a new skill then learning to trade probably isn't the best fit for you Nobody becomes proficient at playing a musical instrument or competing in a new sport overnight, and trading is no different.
Like most professions, trading rewards those who work hard and have a vision for what they want to achieve. It offers near limitless potential to those traders that are able to identify their strengths and reinforce them, that can confront and learn from their mistakes, and that have the humility to understand that there is always room to grow and improve both professionally and personally.