Trading is not an easy job at all. As there are always risks roaming around you and are always ready to gobble you up as soon as you conflict around a mistake. Well, to be sure for once, trading isn’t for those who think they can just do it like another job as usual. As it requires incredible and top-level experience in the stock market to even think and run a small-time business, in a similar trading market while there are always experts in the field that can gobble your down in a second. So, should you turn your trading hobby into a career? Ask these 4 questions to yourself to find out.
Do you have any expertise in the core field?
Trading requires intense expertise in the field, no matter what kind of trading you will do. If you are fond of day trading, there is 100 times more risk along with potential frauds that will kill you on your first day in the financial sense. So do you have any expertise in the field? Ask yourself this question first. If you have, then what kind of expertise it is? Is it for marketing or sales managing? Is it for manipulating clients (which can work pretty good and on almost all types of the market)? If you have those, then only proceed.
How much capital do you have and how much can you manage?
Here we come where 98% of traders have a heart attack. The question of capital you have and how much you can manage is always a deal-breaker. No capital? Forget your hobbies and concentrate on your daily job. If you have, is it enough? Can you manage some more? You still don’t know how much of it is even required? Make sure to ask these to yourself first.
How much experience do you have?
With expertise comes to experience, which is wanted by 99% of traders. The rest 1% don’t even care about it as they already know how to win the market and the customers. Forget that, and focus on your experience. Is it that good? Have you worked on any trading before? For how long was it? Is it enough to make you ready for turning your hobby into a career? If you want a trading career, the experience is the first-hand item you need at all costs. You can also increase your experience by taking some online courses like those from Certus Trading of Matt Choi or Warrior Trading. Before proceeding you can also check Certus Trading Reviews and get a clear idea about how to be a successful day trader.
Do you have the courage to tackle the market?
While you might have everything in your hand to switch your career to trading but do you have that level of courage? Do you have the will power to go onto the market and challenge the other traders who are more experienced and brutal than you are? What do you have to make sure that your trading scheme won’t turn out into a disaster? Talk about day trading, these are the common risks that you have to be sure and take care of them on the first day itself. Since switching careers is not easy, neither it is that easily possible.