Is Active Trading Right for You?
In This Chapter
• The traits you need to be a successful active trader
• Personality traits that could work against you
• Practice on paper before investing your money
• Alternatives to trading full-time
Active traders can make a lot of money. If you have the tolerance of risk and the willingness to learn, active trading can be a successful business. It won’t be an easy business and you will lose money in the beginning. However, if you have enough investment capital to see you through the startup and learn from your mistakes, you have a chance at success.
Unfortunately, most active traders don’t succeed at full-time trading. They don’t have enough investment capital or are overcome by fear or greed or ...