How do you become a successful stock trader?Industry Leader Answer
To me, success is all about managing to keep a low risk, protecting capital, and making money. In order to be successful, a stock trader needs to be able to find the right stocks. There are many tools available that can give any trader list of stocks to watch out for. The trader then needs to do his/her own analysis of the stock.
If the trader’s own analysis holds up, they can place a trade and wait for it to end either in profit or loss. Keeping their head in the right place and not letting their emotions rule their trades is very important for a trader to be successful.Answered on 12 Sep 2019.