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is becoming a full time trader , a good idea?
9 Answers
<p id="isPasted">If you mean day trading for your own account, there's nothing wrong with it at all. I will say that, from my own observations, the people who do it the most successfully have similar techniques:</p><ol style="list-style-type: decimal;margin-left:50px;"><li>They track a very limited number of stocks, usually not more than four or five.</li><li>They became extremely familiar with the trading patterns of those stocks and were very good at recognizing buy and sell patterns.</li><li>They are highly disciplined in their trading habits — they weren't too greedy about deciding when to sell positions, and they weren't afraid to take a loss but knew …</li></ol>
<p id="isPasted">Trading is definitely among the most lucrative careers out there, regardless of how challenging it may seem. I always recommend taking up trading as a profession (institutional) rather than retail trading, where you might be involved in market making, agency trading, or proprietary trading. Since one has limited capital and resources, working for a financial institution gives you unlimited growth potential.</p><p>The stock market is not the only aspect of a trading career. In addition to equities, fixed income traders, forex traders, commodities traders, and derivatives traders can make a lot of money. You could also work as a Buy …</p>
<p>Becoming a full-time trader can be a good idea, but it depends on many factors and is not suitable for everyone. Trading can be a high-risk, high-reward career, and requires discipline, patience, and a solid understanding of financial markets. It is important to have a good trading strategy, sufficient capital, and manage risk effectively. Additionally, it's a good idea to have a backup plan or additional sources of income in case of market downturns or personal emergencies. Ultimately, whether becoming a full-time trader is a good idea for you depends on your individual circumstances, goals, and risk tolerance.</p>
<p id="isPasted">Whether or not becoming a full-time trader is a good idea depends on your individual circumstances, risk tolerance, and financial goals.</p><p>Here are some of the pros and cons of becoming a full-time trader:</p><p>Pros:</p><ul style="margin-bottom:0cm;" type="disc"><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">Potential for high earnings: Successful full-time traders can earn a very good living.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">Flexibility: Full-time traders have the flexibility to work their own hours and to set their own schedules.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">Location independence: Full-time traders can work from anywhere in the world, as long as they have access to a computer and the Internet.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">Potential to achieve financial freedom: Full-time trading can be a path to financial freedom, but it is important …</li></ul>
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