Whilst helping my former forex trading mentor at a recent World Money Show (London) ‘Divergence’ Trading Workshop, the issue of trading around a Day Job came up. Not surprisingly, most people learning to trade have a day job. Some wish to generate additional income on top of their annual salary and others want to eventually replace their current income with an income from trading the financial markets. We always recommend that aspiring traders in the latter category should NOT give up their day job until they have an extended track record of profitability and sufficient trading capital to be able to generate a decent income, equal to or better than their current salary. So how does one trade and still maintain a day job? Continue reading
The most interesting thing about trading is that you never stop learning; there are so many different ways of trading the markets and many differing viewpoints. It appears to be a continual quest, which makes for a fascinating occupation.
Probably the worst part of being a retail trader (apart from losing money!) is that it can be a particularly lonely thing to undertake day after day. It is down to you, your views, your analysis and your decisions.
To ameliorate both points I offer the following: Continue reading