Do you have a chair, a table and a computer and an internet connection?
Essentially, that is all that you require to start share trading from home.
You will need to find an internet trading platform and other online 'tools of trade' that enables you to place your trades and do charting and other necessary analysis.
The next step is to start learning about the share market. There is just so much information out there on how to trade the markets.
There are many questions that you will need to answer.
Which market will you trade?
Stocks, Options, Forex, Futures, Commodities?
From those markets, what strategy will you choose to trade?
Who do you learn from and where do you find information that is authentic and trustworthy and is not just from someone trying to sell you something?
These are all relevant questions about the learning the markets and to trade from home. Do your research, ask people you trust. Go with you 'gut' when you evaluate the system or person you are learning from. Test everything you can and practice. Start off in small positions. Always manage your risk. Learn and learn.
About the markets and about yourself.
That leads into the next area of what you need to know.
Now I want to plant a seed with another list of questions that are imperative to you, firstly so you don't give up at the first hurdle and so you then go on to be a successful trader.
How much time can you dedicate to learning and trading?
What is motivating you to want to trade?
Are you passionate about what trading can offer you all round or is it just the money aspect that interests you?
Are you willing to work on yourself and really look at what beliefs and habits you have that may not be serving you?
How much do you really want to make trading work for you?
Are you really committed to do whatever it takes to succeed?
Trading the markets is not for everyone and you will be well served to do a bit of research before you make the decision to enter this arena.
Trading could be the most testing thing you will ever do in your life. You will need to be disciplined, determined, focused and consistent.
Your will require the ability to make decisions under extreme pressure. You will need to be able to accept when your decisions are wrong and move on to the next trade. You will need to see that losing money on a trade when it goes against you, is not necessary a 'bad' trade.
A trading plan is imperative to your success. You will need to develop your own plan that is specific to your needs and your lifestyle and it can be as simple or as complex as you want it to be. It will need to cover how you will manage risk and how you will manage yourself.
The list of questions and comments above is not meant to put you off getting into trading, as trading can be one of the most rewarding opportunities for you.
Rewards from trading come in various forms:
More free time and flexibility means your lifestyle can be enhanced if you choose to make this your full time income producer.
The personal growth that comes from persistence and commitment can be life changing and see success show up in all areas of your life
Financial rewards can be greater than you expected.
The key point here is to know what you are getting into before you start. Know that it will stretch you like nothing may have done before. Know that trading is not a get rich quick scheme.
Know that the first step is to just get started.
Karen Oates is a seasoned options trader and mindset coach who excels at helping traders understand themselves and the stock market by using a 'keep it simple' trading plan and the mind tools of success through mastery of mindset, focus, behaviors, beliefs and strategies.
Karen is certified as a:
Master NLP Practitioner
Master Results Coach
Performance Consultant
Specializing in Advanced Subconscious Reprogramming and Master Hypnosis
Check out how you can use the best tools and techniques to become the successful trader you want to be!
[http://www.outofmymindtrading.com]
Article Source: http://EzineArticles.com/?expert=Karen_Oates
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