How to be a Good Trader

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Trading is a business that requires no papers and you can do it at the comfort of your home. Even though it is easy to start it is not easy to be consistent. For you to be a profitable trader you will need a certain level of discipline among other things.

Most experienced traders would attest that success depends on many factors including hard work, research, planning, discipline and being a lifelong student of the markets. As with many businesses, there are certain principles that, when followed, can greatly increase the chances that a trader will be successful.

Treat trading like a business

As a hobby, trading quickly gets expensive: Just dabbling can prevent traders from gaining the proficiency and experience they need to become consistently profitable.