Part 5
What It Takes to Be an Active Trader
Active trading as a profession requires all the preparation of starting your own business because that is what you are doing. You will want to explore the legal and tax consequences because there are particular codes that apply to traders.
Most active traders work from their homes, so you will need to fashion an office and equip it with the proper tools of the trade. However, the most important tool is your emotional and intellectual capacity to be a successful active trader.
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