Technical Analysis of Stock Market for Beginners

Chapter 1
A GOOD TRADER
“This chapter is about what are the most important qualities that a trader
should possess. We don’t believe that you have to be very intelligent to
become a successful trader; but, there are certain qualities & techniques
which one must want to learn before entering into this vast world of
trading.”.
When you thought first time you want to become a trader, what was the first
question that came to your mind? It may be anyone of the following. What
personality” traits should I have to become a successful trader? What kind
of attitude I should have towards the markets? Is it necessary to have good
knowledge about fundamental and technical analysis before entering the
markets? Who can become a successful trader? What kind of strategies I
should adopt to make money?
The first thing you need to do is to inculcate the some of the qualities in
yourself. We believe, anyone can become a good trader but following are
the important personality traits that a trader should have.
Passion
The first thing that a trader should have is the big word “Passion”. Passion
is something that reflects in your personality, in your communication, in
your attitude and behavior. If you are passionate about something you start
enjoying it and it doesn’t remain your job or profession anymore but it
becomes part of your lifestyle.
There are people who sit in front of the market since the opening of the
market till its closing on daily basis. Many times they don’t do even a single
trade in the whole day. But if they don’t sit in front of the market for few
hours or a day, they feel that there is something missing in the routine.
That’s the passion about the market.
If you are watching the markets on a consistent basis, you become a better
decision maker. You are a better judge of the market even better than the
experts. It’s always exciting to deal with the numbers. “If reading and
understanding numbers is your passion, you can become a good trader.”.
It is not necessary that you are exceptionally intelligent to become a
successful trader; or you should have a very sound knowledge of
mathematics or statistics. Any average person with a little bit knowledge
about the stock market can become a successful trader. Trading is a
competition; anyone who follows discipline and keeps a continuous watch
on the market emerges as a winner.

Technical Analysis of Stock Market for Beginners