How do I make a career as Stock market Trader in India? What are the required qualifications and experience?

How do I make a career as Stock market Trader in India? What are the required qualifications and experience?

Becoming a trader can be broken down into 3 steps. The problem is knowing these 3 steps.

Here they are :

Step 1 - Finding your system.

This step can be broken down into :

• Find your strategy.
• Set your trading rules.
• Set your risk management rules.

This is the easiest stage but arguably most important.

Step 2 - Take that system to demo.

Now you have a system, it’s time to build confidence in it.

• Use this system on a demo account for 3 months.
• Find your win rate.
• Make small improvements to increase profitability

Most traders skip this stage and that is why they fail.

Step 3 - Taking it to the market

This is the big stage.

• Take the system that you now know works to a live account.
• Stick to your system on a small live account for a few months to build more confidence.
• Keep compounding.