Trading is the best job ever! Find out why having a trading career will be the best path to take when choosing a new line of work with these 9 reasons below:
Having a boss is one of most employees’ biggest frustrations. So many problems stem from this relationship – especially in these tough economic times. As a trader, you are your own boss. You don’t have anyone to answer to aside from the market. You do your own performance review and determine your compensation.
2) You can make your own hours
As a trader, you do not have a set schedule. If you want, you can work all week, trading stocks by day and futures at night. Or, you may choose to work just a few days a week, or just trade in the mornings when stocks are most active. This flexible schedule allows you to tailor your work around your lifestyle, whether it’s staying at home with your children, spending more time with family, traveling, hobbies, etc.
3) It’s infinitely scalable
There is no single salary range for traders. You can make just a few hundred dollars per month, or scale up to making thousands of dollars or much more. If you have a high percentage of winning trades, you can keep parlaying your profits into larger and larger positions, which leads to even larger gains. Theoretically, there is no limit to how large your trading account and trading wins can be. This is much more preferable to salaried jobs, which typically pay $60,000 or less.
4) There are many styles to choose from
The beauty of trading is that there are so many different trading styles to choose from, depending on your personality. Some traders may gravitate toward intraday stock trading, while others may prefer swing trading futures, while others may prefer day trading forex at night after work. No two people are the same, so the fact that there are so many different types of trading makes this career extremely flexible.
5) You don’t need a degree
College debt is one of the biggest problems in our society right now. Because of soaring education costs and an increasingly challenging job market, employers are requiring potential employees to have even more advanced degrees for jobs that pay less and less, which requires taking on mortgage-like levels of debt. This massive debt makes changing careers, starting new businesses, moving to another location, or qualifying for a home mortgage much harder. Thankfully, you don’t need to take on student loans or spend years getting a degree in order to be a successful trader.
6) You can work wherever you want
As a trader, you choose to work wherever you prefer. You can work from home, or from your own office, of even when traveling around the world.
7) No commute
Commuting every day is one of the most frustrating things imaginable. There’s little worse than getting into the office every day at 9:00 am and already feeling frazzled, exhausted, and burnt out. As a trader, you don’t have to commute. Your “commute” could be from your bed to your trading workstation, or just a short drive away from the office that you set up.
8) No office politics
As a trader, you don’t have to deal with frustrating office politics, including gossip, seniority, bosses playing favorites, and other hassles that most employees have to deal with.
9) You can profit in up and down markets
As a trader, your earnings are not dependent on the health of the economy. The economy may be experiencing a boom or a depression and everything in between, but you can still make significant profits. You can go long assets that are rising in a bull market, or short sell assets that are plunging in a crisis. This fact is very comforting in these highly uncertain economic times.