How to start a trading business

Learning to trade stocks is like other businesses. It demands a lot of dedication as well as time
and money. People take months or even years to get a grip over skill that is needed just like
to be an engineer or a lawyer if you take an example.

I have seen traders looking at trading as a hobby or a side project. but in reality you start
thinking of it as a hobby. you will lose money continuously. Also, many traders put
money earned from their job and lose , as they don't have any strategies to enter into a trade.

Before making any strategies , some skills you need to develop before you actually jump
into trading.
I have categorized it into five parts, these are ,

1.) Psychology :

Trading psychology accounts for more than 90% of success , This is because people are generally programmed to do everything in a wrong  way. They have internal biases that seem to lead them to
do the exact  opposite of what is required for success. In trading your beliefs , like market will go up today , mental states like. you feel very excited just imagining about the amount of profits you can make , mental strategies like having self realization of thoughts you are having.
All of these plays a major role for success in trading.


2.) Analyzing the Company charts :

 Its very important to know the price movements of stocks or indexes as it will help you to know
at what point the price is  low or high.. depending upon that you can buy at lower price and sell at
 higher price. You can view the company charts at following websites that are free of cost.

  https://in.tradingview.com/
  https://www.investing.com/

3.) Technical Analysis  :

 Its a form of analysis through which you can predict the probable  future price movements without even looking the price movements. Some of them are RSI , Divergence , Bollinger Band , Moving Average ( Simple Moving Average , Exponential Moving Average )


4.) Price Action Analysis  :

In this form of analysis , you look at the price and decide the future price movements. Its a hard skill to develop . it takes time but i prefer it above technical analysis.


5.) Pen & Paper Trading :

Its a form of virtual trading . At beginning its very obvious that you lose a lot of money, so get rid over this its very important to trade on paper, point out your mistakes and make strategies. test it
and check how many times it works for you. There are lot of platforms that provide this virtual trading. Personally , I use it to test my strategies,
 https://web.sensibull.com/

All of these are so deep in their own way. so its difficult to add each and every detail on a single
blog..so in coming blogs I will explain in detail.

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