In theory, anyone of us can pursue a career as a trader. However, it requires a specific skill set, knowledge, and experience to become a successful trader.
To begin with, we need to have a solid understanding of financial markets and the instruments we trade, such as stocks, bonds, options, and futures. We also need to have a keen understanding of economic and geopolitical factors that can impact these markets.
We also need to have strong analytical and mathematical skills, as well as the ability to quickly interpret and act on market data. We should have a good understanding of risk management and the ability to make decisions under pressure.
In addition to these technical skills, if we aspire to become successful traders we need to have strong emotional intelligence, discipline, and the ability to manage stress and maintain focus.
Overall, becoming a successful trader requires a combination of knowledge, experience, and personal attributes. It can be a challenging but rewarding career for those who are willing to put in the time and effort to develop their skills.