On a lighter note, going by the question mentioned "Who can become a Trader ? " my answer will be anyone can become a trader :-) but will be successful or not that's a different story altogether. But my question is who can be considered a successful trader ? What is the criteria for judging it ? How can a person know on which level he/she stands?
1. Who can I consider my trading idol ? as I have not come across any successful trader who is consistently making money from trading. If you know anybody then pls share the details.
2.What percentage can be considered as ideal rate of return in trading ?
1 - do not look at other traders as idols or ideals .....just look at your own performance in the last year or last month and strive to do better than that in the next month or year
2 - there is no ideal percentage of return - it all depends on your trading skill - bench mark is how soon can you generate profit equal to your trading capital - say you make it one year now - it may be ideal if you can bring it down to whatever possible according to your skill level
1. My saying about trading idol in the sense is a person "........ a successful trader is one who makes profit consistently month after month for years........." as suggested by
you. Do you or anybody on this forum knows any successful trader in present or past who fulfills the criteria of making consistent profit month after month for years.
2. Profit equal to trading capital means 100% appreciation, is this a realistic target ?