Becoming a trader requires a background in math, engineering, or hard science, rather than just finance or business.
Traders need research and analytical skills to monitor broad economic factors and day-to-day chart patterns that impact financial markets.
The ability to focus and concentrate, particularly in a chaotic, fast-moving environment, is an underappreciated but crucial skill for traders.
Self-control is crucial, as well as the ability to regulate emotions despite developments that could be upsetting.
Accurate record-keeping is important for trader accountability and for learning and improving.