Day trading has become very easy to start, and anyone with a laptop, a steady internet connection and a few hundred bucks can start day trading right away. But are you going to start it? And which platform would be the best?
So, let’s take a look on different aspects of day trading, and whether you can pursue it as full time job to make a living or not.
Is It Even Possible to Make a Living Day Trading
Yes, making a living doing day trading is perfectly possible. But it requires lots of focus and dedication, in some cases more than what a regular day job would require. So, don’t consider it as an easy job.
The main benefits are that you’re your own boss, and you are free to select any work hours that you want. Also, you can trade anywhere with a laptop and an internet connection.
There are many so-called “Gurus” out there who’ll tell you that day trading is easy. They’re usually trying to sell you something, and you should beware of such people.
However, you think the right way, you can adjust your lifestyle according to what you’re making doing day trading. As the true meaning of “Making a living” is that your income covers your expenses.
Pros And Cons
There are some benefits of day trading that you can also enjoy.
- You’re your own boss, and you’ll be answerable to nobody.
- You can set the work hours as you wish. You can select any time of the day that seems convenient.
- You won’t need to spend any money on commute, and you’ll be working from your home.
Like the benefits, there are some drawbacks too.
- You might feel lonely at times working all day from your home.
- Day trading is a risky business, and you won’t have a consistent salary.
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