Thinking to get your hands dirty in the share market for earning good fortune? Well, apart from your willingness to become a trader there are certain pre-requisites that you need to take care of before you plan to start regardless of what kind
of a trader you wish to be.

Enough capital flows

"Money attracts money" and to invest in the share market, you need surplus capital apart from the capital you need for your monthly expenses. You cannot be investing the money you need for fixed expenses in an unpredictable market.
Also, in times of loss, as a trader, you should have enough bandwidth to
sustain through it. So, trading capital is primarily the first and foremost
necessity needed for someone who plans to trade.

First-hand share market training

Establish a foundation of basics in your share market training sessions that will familiarize you with the market terms and help you study trends, patterns, expected price movement, etc. of a particular stock. Under that, you can also
go through demo share market training
before entering the live market.

Choose your broker platform wisely

A broker acts as a link between you and the shares you are selling/purchasing, so it is very critical to choose the right broker for you. Apart from considering a broker that takes low commission but also provides you enough tools to
research a particular stock. You should look for a user-friendly online trading
platform that executes the trades instantly without even a second's delay as
the market is highly volatile.

To choose the right platform for yourself, create demo accounts on a few good ones and then decide which suits you best.

Basic system and good internet connection

Since it is all happening online, a good internet connection in a basic configuration desktop/laptop is a must. There are a lot of broker apps that make it even easier for you to buy and sell online through your smartphone.

Follow only reliable source of information for your research

There are several platforms including local and international news channels, social media platforms, expert articles, etc. floating all kinds of business-related news but all of them are not credible. Only follow a credible source of
information to forecast a trend or pattern of a particular stock you wish to
invest in.

Be prepared for the worst

There's no set formula for success with whatever preparations you might do. So, always be prepared for the worst and follow a simple rule to keep your financial condition safe. Trade with the capital that can afford to lose at max and not
even a penny more than that.

No matter how much you prepare in advance, the share market isn't a cakewalk and you need to take it slowly step by step. Though, making a huge profit in the first trade can be overwhelming but do not get flowed by your emotions. Invest
small to gain decent profit in the first few attempts to build your confidence
and be a successful trader.

Traders Gurukul offers Online Courses for Stock Market, Share Market Classes & Technical Analysis Training NISM Certification in Bangalore, Delhi, India.