Can retail traders trade from home and make enough to live free of the corporate world?

[wrbtrader]

Can retail traders trade from home and make enough to live free of the corporate world?

Yes but only a small percentage. That percentage will mostly increase if more profitable traders treat their trading like a business instead of some secondary income or fun money.

 

[K-Pia]

Can retail traders trade from home and make enough to live free of the corporate world?

Yes but only a small percentage. That percentage will mostly increase if more profitable traders treat their trading like a business instead of some secondary income or fun money.

I kind of agree with you but ...
You don't treat it as a business.
Which is a self affirmation,
And a denaturalization.
But you embrace it.
Communication.
Harmonization.
Peace & Love.
Seriousness.
Sexiness.

I mean it's a bottom up process.
Especially with all the education bullshits.
Often one has to relearn everything to succeed.
Especially for those unacquainted with risk taking & uncertainty.

 

[wrbtrader]

I kind of agree with you but ...
You don't treat it as a business.
Which is a self affirmation,
And a denaturalization.
But you embrace it.
Communication.
Harmonization.
Peace & Love.
Seriousness.
Sexiness.

I mean it's a bottom up process.
Especially with all the education bullshits.
Often one has to relearn everything to succeed.
Especially for those unacquainted with risk taking & uncertainty.

If someone wants trading to be a "job" or want their government to view the trading as "self employment" so that they can be properly taxed...

You have no choice but to treat it as a business to minimize your taxes as much as possible unless you prefer to give them more money than you should.

Seriously, make the decision that trading is not a business and you will not spend any time managing your expenses, you will not maintain proper documentations, you will not be able to buy a car nor home if your trading is viewed as a hobby or an adventure while you have no other source of income.

Yet, if you have another job and trading is not your sole source of income, you can treat trading any way you want. In contrast, if you want your bank, your government (taxes), private insurance (home, car, health/dental) to see your trading as a business and your sole source of income...

Treat your trading like a business just like anybody else that's self employed.

Its also a good way to minimize being audited.

P.S. The above is for those trying to trade for a living. All others, it doesn't apply.

 

[Xela]

Sexiness.

I mean it's a bottom up process.

I hadn't realised it was that kind of forum.

 

[radex78]

If you have paid your dues in the arcade or prop world, and have enough cash, experience, confidence and have proven to yourself that you can do it, then sure.

But if you have a ton of money, a ton of confidence, a retail account and none of the other things I mentioned, just write me a check. It'll be easier that way. I thank you in advance.

Experience is required in this field, I thimk although retail tarder but having good skill and confidence, still possible to making forex as main source of income, I see some trader already become full time trader and they can trading for living

 

[Buy1Sell2]

Certainly a retail trader can make enough money to be "self employed" and exist on their own. You must have exemplary risk management skills though and most don't.

 

[i am nobody]

Certainly a retail trader can make enough money to be "self employed" and exist on their own. You must have exemplary risk management skills though and most don't.

A trader trades so he needs first of all trading skills. Risk management comes only in the second place.
A writer writes.
A driver drives.
A trader trades.
So logical and still not understandable to some.

 

[radex78]

I am hear certain trader already getting big earning from forex business, but for me, still only as retail trader and small trader which income from forex still in low number, but if reading income some trader which very big number more than thousand dollar monthly, this is very tempted