So You Want To Become A Share Trader?
Sounds impressive eh? You have visions of dollars floating through your head. Dreaming of fast cars, luxury holidays etc.
Easy money to be made just look at the newspapers there are lots of people making millions everywhere that's if you believe all that you read in the newspapers and what you see on television.

Well it's time for a reality check, for things are not as they seem. Sure there is money to be made especially in a bull market, (rising share prices.)It can be very easy to make money. The drawback is that the beginner is unprepared for the inevitable downturn in the share market.

Before they know it they have suffered a couple of reversals only to find that they have lost a goodly proportion of their capital and having burnt their fingers severely, leave the market very disillusioned never to return.

The market place is littered with the broken hopes and dreams of the would be share trader. And if again in the future they decide to try their luck again they are doomed to failure because their attitude and training hasn't changed from their last foray into the marketplace arena.

So What Is The Answer?

Now taking the "Lady Luck" factor out, you are rewarded proportionately to the amount of effort you put into learning the foibles and idiosyncrasies of the share market, and learning that one of the biggest problems you will face in the market is "Yourself."

So What Do I Have To Do To Become Successful?

Firstly there are a few things to look at before you start trading in the market.
You need to ask yourself a few questions and be very honest in your answers.

1. Why do I want to trade in the share market?

2. How much capital do I have to invest?

3. How much can I afford to lose if things don't go the way I've planned?

4. How much profit do I want to make? (Be realistic.)

5. What am I prepared to do to become successful?

6. Where can I get the information that I need to get started?

7. Which broker shall I use? How much will I pay for their services?

8. How much time can I spare to be a share trader

We shall now look at the above questions in a little more detail.

Why do I want to trade in the share market?

The first thing that comes to mind is obviously to make money and not to lose it too quickly.
But really, only you can answer this question. But again be honest

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