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Tips to make a Successful day Trader

Posted By On 4/19/2009 11:42:00 AM Under

1. As a trader one will be always hungry for info which can make him or her a millionaire in stock market and thus being hungry for info one is ready to lap all info and forgets to separate wheat from chaff. Do remember to guard against following pitfalls which can make or mar a day trader future:
(a) Do not go for exaggerated advertising claims and do use your brain too.
(b) Remember exaggerarted claims are often inaccuarte.
(c) Do not run for day trading books, videos and seminars as what they are going to teach you is available free of cost.
(d) DO not run for market rumors propaganda and so called hot tips from Auto rikshawala and taxi cab drivers.
(e) Avoid trading firms blowing their trumpet.
(f) Do check testimonials of users before plunging in any system.

2. It is no doubt that one can make a lot of money from stock market but it just requires a disciplined approach and a trading system which suits your personality.
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