Successfully trading for a living is like riding a bike; it looks easy but can be very difficult the first few times you try. Perseverance is key. The idea is to invest in stocks or other assets (e.g. currencies or commodities), wait for their value to increase and then sell to make a profit. Of course, there are financial risks involved. Despite this, trading is becoming an ever-popular means to pursue a living. Every day people are realising they can trade financial markets like banks and professional investors. Trading for a living is no longer impaired by dealing costs; with the use of the Internet, trading has become far more accessible prompting more private investors to start trading for a living. There is still significant risk involved, particularly when the product is leveraged. Our research and Trading Opportunities will help you make informed decisions and help you find the right approach to trading.
If you’re planning on trading for a living, preparation is key. As with any new venture, planning is critical, and risks should be considered and mitigated with a disciplined trading strategy. If you’re trading for a living this is critical, as many bad ventures could have been avoided with correct planning. Furthermore, it is up to you (the trader) to be self-disciplined; determination and persistency counts. When trading for a living on the financial markets, comprehension of your trading efforts and results ultimately lead to future success; assess, survive, adapt. Every failure should be seen as a stepping stone on your way to success.
Some of the benefits of trading for a living are as follows; firstly, financial markets are brilliant tools for achieving independence; determination and perseverance can allow for anyone to succeed in trading for a living. Nobody can dictate what you can and can’t do; you have freedom, effectively you are your own boss and can decide what risks to take. You can trade from any location, on almost any financial market for as little or as much as you want; the choice is unlimited as there are no restrictions. Trading for a living is time dependent and opportunity is diverse – the relation between is not always obvious, careful speculation is required. Trading is an ongoing pursuit, the more you learn through researching or observing the more fluent you become with the mechanisms that drive success. Ultimately success is possible and limited only by your decisions and how effective they are. However, trading does involve risk to capital, so you should ensure you understand fully the risks you’re taking.
Electronic trading has radically diminished the need for middlemen. Historically, trading on the financial markets used human traders/participants as the driving force for most trading processes. This means that individual traders who are trading for a living can reap more of the rewards for their trades than before – many will argue that there has never been a better time to begin trading for a living with Accendo Markets. We hope this guide will give you insight into the opportunities and options available to you before trading for a living.