Of course, one of the professional opportunities you have is to be a trader. It is certainly an atypical work but very suggestive to relate to the complicated money world. However, to fulfill this desire, you will have no choice but to accept a series of requirements that the development of this professional option will demand of you. It will not be an excessively easy task, but it will bring you many satisfactions. Even with high purchasing power if your investment strategies are developed correctly.
Being a trader will mean from now on that you are dedicated almost full time to all financial markets. Not only in the stock market, but others in the variable income. Even from alternative options. Practically without rest, as required by the development of this professional activity to which you are going to dedicate yourself from now on. Also, how could it be otherwise, with a little luck. So that every month your business volume is somewhat higher.
Today there are some highly qualified professionals who have decided to be professional traders. In some cases with great success. Usually for manage your own money, but without ruling out the alternative of taking other people's investments. Although this option is reserved for the most exceptional cases. In any case, a world full of possibilities opens up to you. Where the contact with the financial markets will be practically continuous. You will have few moments of rest, in short.
Why be a trader?
The decision to develop this special professional activity will be determined by your interests of being an independent person. Where yourself you will be your own boss. You will determine some rules on how you should approach your work from now on. You will not have anyone to accompany you. Just the computer, several mobiles and many, many graphics. And of course, an apprenticeship from which your first decisions will start. To the point that your work days will last for many hours.
Dedicating yourself to the financial markets and managing your own wealth will be a really exciting task. You will not be able to have many breaks during the year. But you can get one more attractive profitability than through other more conventional professions. Not surprisingly, quite a few young people have decided to accept this unique challenge. To abandon their usual professions in which in all probability they weren't comfortable. In short, a whole world full of surprises and expectations opens up to them.
Trader training
If you want to be a professional trader you must have high training in financial markets. Either through technical or higher studies or through a continuous learning process. Based on seminars, courses, masters and other kinds of training in these matters. In addition, you must complement it with other subjects related to the world of investment. Especially everything that has to do with new financial products or the complicated chartism sector.
You must also bring extensive experience in new technologies. From your teams to the applications you can use to optimize your trading in the equity markets. Not in vain, if you want to be a perfect trader, you should not have any secrets as a user of the computer equipment. You must know how to operate with great agility with these means of communication to relate to the investment. In addition, you must be on top of the latest news in the sector. If you do not meet these characteristics, you better dedicate yourself to other professions.
At all times you must handle all kinds of technological supports. To achieve your goals, you will have no choice but to be up to date. A good trader is in continuous contact with any technological medium. Of all kinds and a great knowledge to move through these means. It is a characteristic that is closely linked to your professional activity. It is an essential requirement to act as a financial intermediary.
Knowledge of economics
You will also have to contribute a deep knowledge of the economy. If it is through superior study, all the better. But it is not a mandatory requirement. In this sense, it will be very good for you to take a master's course that is linked to the world of investment. In any case, you must be in a continuous learning as long as you are a trader. You can't stop in this regard. But on the contrary, you must be willing to improve your training and update it at all times.
Your relationships with the specialized media is another of the skills that you must possess to achieve your goal of becoming a professional trader. Therefore, not only what is happening with the financial markets and the assets that are traded on them. But also about what is happening and the current situation of listed companies. None of this news should be strange to you if you want to dedicate yourself to this professional activity. On a regular basis and not at specific times. It will be a long-term process.
A very original way to become a reputed financial intermediary is based on the inspiration of the most famous traders in the world. There are biographies where they explain how their professional career developed. And even with some other advice so that you can put it into practice from now on. It constitutes a different strategy to go far in this very special profession. Not surprisingly, there are many lessons that you can learn from these characters of great transcendence and international relevance.
Contribution of a minimum capital
Another aspect that you should not forget when starting this professional career is the capital that you must contribute to operations. Of course you can't start from nothing. You can but it is not advisable. You can take advantage of the savings generated in your checking account to formalize your first operations in the equity markets. To gradually increase your assets to the levels that allow you to benefit from the operations carried out.
In any case, the accounting of your accounts must be kept scrupulously and with great discipline. If possible, one of the best tips will be based on these steps being taken by a professional advice. It will be the best way for you to keep a strict adjustment of all expenses and income derived from the exercise of this professional activity.
Of this amount, it will be very important that a part of it is directed to a supply of this activity. It will therefore serve to remedy any unfavorable transaction that may threaten the viability of the business. In any case, the main objective of your operations in investments in the stock market will be none other than to get some monthly income every month. To the point that you can live with greater relief than through other professional activities.
Characteristics that a trader will provide
In all cases, if you are going to pursue a professional career as a financial intermediary, you must meet a series of requirements. In some complicated cases, and in others easier to carry. They are the following that we expose you below.
- Must be passionate about the investment world above all. To the extent that you bring a very broad experience with equity markets. The more the better and the more it will help you achieve your goals.
- It will necessarily be that you dedicate exclusively to this professional activity. Without making it compatible with another job. You will have no choice but to quit to become a trader.
- Before starting it will be more than necessary that you do a specialized course in financial markets. Of certain importance and endorsed by a training center of special relevance. Where teaching is both practical and theoretical.
- You should be aware that there will be more than one lousy operation in which you have to face serious losses. It will be one of the risks that the exercise of this profession will entail. Although it will be the balance sheet that determines the benefits that you can enter into your checking account.
- You must take this activity as a profession, not as a hobby or a passing wish. If not, you will not be in a position to go very far. To the point that you can quit after a few years.
- You can not only invest in bull markets, but also in the most unfavorable. You can even invest your capital in different financial assets. From the foreign exchange market to that of raw materials or precious metals.
- It will be very effective for you to operate with several banks. It will give you greater flexibility in operations in the financial markets. Through different products for investment. Warrants, derivatives or credit sales will be some of the most relevant-
- Do not try in any way force operationsNot even when things don't develop as you expected from the beginning. Always maintaining an investment strategy, whatever it may be.
- Operations will not always go the way you want. It is a scenario that you must assume to become an excellent investment trader. To the point that some months you will be better than others. It is common in this class of regular and intense operations.