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Trading has a lot of appeal, from being your own boss to unlimited income potential. While many jobs that offer higher earnings require advanced degrees or specialized skills, anyone with a computer, Internet connection and a few thousand dollars can start trading. Despite the ease with which people can enter the competitive trading arena, it is important to realize that just because it's easy to "try" doesn't mean it's easy to do. Many would-be traders are forced to drop out before they can really give it a chance, often because they didn't have enough trading capital to begin with, they don't understand risk or they don't apply money management to their trading. Of the estimated 10% of traders who do make it, most would tell you it took a great deal of time, patience, effort, research and quite a bit of money to get where they are. Approaching trading like a business can help ensure your success as a trader.




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