When job creation and general satisfaction at the workplace is all-time low, I am getting questions at an increasing rate about trading and how that compares to other businesses.
The major difference between a job and running your own business is the attitude one employs in regards of the workplace chores. Most employers consider their employees a means to an end, a necessary but replaceable component to achieve financial success and independence. This feeling of cost versus rewards are always present at the workplace. In the business of trading one can be his or hers master without consumers and without the need to hire many employees.
This is why I always considered trading the best business there is. If you have couple of restaurants you must consider your expansion tactics and financing very carefully. If you are a trader and successful at that your expansion can be as easy as placing a zero at the end of your trade size and you multiplied your business tenfold. Even as a trader who takes on customers monies, you do not need your costumers as much as they need you when things are going your way. Any other customer oriented business lives or dies by the whims of their customers.
Not in trading - when(and if) you make 20-30 percent consistently for your clientâs year in year out.
Do not get me wrong...trading as a business is far from easy, but that applies to ANY new business. The survival rate of a trading business is not less than a new restaurant or shop privided you start out with the same $$$.
Any retail business you are almost guaranteed to lose or break even for a 1-2 years. In trading you can turn profit after 3-6 months.
I teach people how to succeed in the business of trading and my goal is to make you a success.
Many people ask me why I bother teaching and writing. It is a good question albeit a little intrusive
Having this marketing business takes 20 hours a week and trading/research takes the other 20 - I still work less than most working folks....
My business model as a trader is that I trade long/intermediate
term and always have cash-flow from other sources.
In short of having a trust fund I must have a related but risk free business. So there.
The major difference between a job and running your own business is the attitude one employs in regards of the workplace chores. Most employers consider their employees a means to an end, a necessary but replaceable component to achieve financial success and independence. This feeling of cost versus rewards are always present at the workplace. In the business of trading one can be his or hers master without consumers and without the need to hire many employees.
This is why I always considered trading the best business there is. If you have couple of restaurants you must consider your expansion tactics and financing very carefully. If you are a trader and successful at that your expansion can be as easy as placing a zero at the end of your trade size and you multiplied your business tenfold. Even as a trader who takes on customers monies, you do not need your costumers as much as they need you when things are going your way. Any other customer oriented business lives or dies by the whims of their customers.
Not in trading - when(and if) you make 20-30 percent consistently for your clientâs year in year out.
Do not get me wrong...trading as a business is far from easy, but that applies to ANY new business. The survival rate of a trading business is not less than a new restaurant or shop privided you start out with the same $$$.
Any retail business you are almost guaranteed to lose or break even for a 1-2 years. In trading you can turn profit after 3-6 months.
I teach people how to succeed in the business of trading and my goal is to make you a success.
Many people ask me why I bother teaching and writing. It is a good question albeit a little intrusive
Having this marketing business takes 20 hours a week and trading/research takes the other 20 - I still work less than most working folks....
My business model as a trader is that I trade long/intermediate
term and always have cash-flow from other sources.
In short of having a trust fund I must have a related but risk free business. So there.
