Trading is the act or process of buying, selling, or exchanging commodities or exchanging stocks, bonds, or currency at either wholesale or retail, between a buyer and seller ( trader and customer).
Trading is really about deploying strategies to
systematically generate gains, and managing risks to minimize losses.
Indeed, successful traders do have objective strategies which they have
proved to be effective in granting them more financial gains than financial
loss.
Most traders who are unable to achieve financial success on financial
markets do so because they are trading with a profit to loss ratio where the
average size of their financial gain is less than the average size of their
financial loss.
To be successful, you must approach trading as a full- or part-time business, not as a hobby or a job. Trading is a business and incurs expenses, losses, taxes, uncertainty, stress, and risk. As a trader, you are essentially a small business owner and you must research and strategize to maximize your business's potential.
Trading money, that is capital should not be used for anything other than the business and traders must never allow themselves to think they are simply borrowing money from other important obligations, to do business.
Trading is hard work, and traders who have the discipline and patience to follow the rules of trading.