Key Points
Becoming a trader requires a background in math, engineering, or hard science, rather than just finance or business. Successful 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 learning and improving
