Trading is more of an art. It is an exciting business if you learn it thoroughly. Once you learn trading, it is a lifelong business for you to make money from stocks.
With stock trading, you make money buying stocks at low prices and selling them later on at higher prices. You can also trade in falling markets by first selling at higher prices and later on buying back and lower prices to close your trading position. This is called as Short Selling.
You would need the knowledge, practice and patience to master the art of Trading. The acquirement of these skills differentiates a successful trader from a trader. It is not just all about executing the transactions for buying and selling the shares.
Different types of tools are available for you to trade. It can be Cash Trading, Margin Trading, Futures Trading and Options Trading. It is you to decide which trading tool suits you best.
Each of these tools has its own advantages and disadvantages. Weighing these factors, you choose suitable trading tool for you.
It requires you to have a control on your emotions if you aspire to be a good trader. Greed and Fear are these emotions and they are considered the biggest enemy of a trader. Your success in being a good trader depends upon how you deal with these emotions when you are there in the middle, apart from being a good technical analyst.