Part 5: Why Day Trade?
Day trading is the one opportunity that can provide participants with complete personal
and financial freedom. Of course, there are certainly risks, but there are at least 10 reasons why
day trading is such a popular “profession”.
1. Race, gender, social status, education and background do not matter when you day trade. All that matters is that you have some money available for trading.
2. There are no bosses to answer to and no employees to pay. The only person you have to worry about is your broker and if your broker isn’t doing his job, there are many others who will.
3. You can work from home and not pay rent on an office or carry an inventory of goods.
4. There is no face-to-face contact with customers, so you don’t have to worry about customer service, invoices, returned checks or any other customer-related hassles.
5. You can trade on your time. If you only want to trade part-time, you can do that. There isn’t an eight-hour commitment like with a traditional job.
6. You do not need a ton of money to begin your trading business.
7. Trades can be converted to cash in mere seconds. You do not have to wait for payday to roll around to get money when you need it.
8. Low transaction costs and no commissions mean you keep more of your profits.
9.Trading can be learned quickly and easily, without a college degree. You also don’t need years of experience to begin trading FOREX.
10. Minimal requirements are necessary to begin trading. All you need is a computer with a stable Internet connection, an online broker to provide you with trading tools, a funded trading account and a solid trading strategy.
You have to owe a solid trade system before you decide to be a day trader! Otherwise, day trade is quite a dangerous. Currency price can vary a lot in a single day. Forex is not a main stream in Steem, I would like to more forex buddy in Steem. Good luck in trading!
day trading or even by making money in long term hold is enough.
Thanks for sharing the steps to trading success. What source do you recommend to learn trading ?
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