I have been trading for myself for more than ten years now and it
has been a very rewarding experience,
cheap gucci
belts. However in this article I want to discuss why you shouldn't
be in a hurry to give up your day job in order to become a full time trader or
investor.
I was in a unique position because I basically had nothing to
lose. I had left university a few years earlier, but failed to find a position
as an accountant in the years that followed. So I ended up working in a factory,
saving up loads of money and trying my hand at becoming a full time stock market
investor. If it didn't work out, I could just go back to my old job or get a
similar job elsewhere.
Some people do not
have this luxury,
coach outlet,
however, because they actually have a pretty good job to begin with,
foamposites for sale. When you're in this position,
you will often have a pretty good pension, various health policies and the
security of being able to pay all of your household bills and enjoy a certain
lifestyle.
So before you give all this up, you have to be absolutely sure
that your trading career will make you a lot more money in the long run.
Unfortunately this is almost impossible to guarantee with any
certainty.
The trouble is that people will often stumble across a winning
strategy and think that they have found the holy grail that is going to make
them extremely wealthy. For example they may have spent $2000 or $3000 on a high
end forex course that gives them several profitable trading strategies. They may
also have purchased some trade alert software that alerts them to winning trades
automatically.
That is all well and good but there are no guarantees that
the strategies will continue to be profitable in the years to come. Market
conditions can change very easily, and they can quickly render your profitable
systems to be completely useless.
I know this to be true because I have
had to change and adapt my new systems many times over the years. For instance
some forex strategies will work well in highly volatile markets, but when the
major currency pairs get stuck in sideways trading ranges, they are no longer
profitable.
So the point I want to get across to you in this article is
that you should never be too hasty in giving up your day job. I was lucky in
that I had absolutely nothing to lose, but most people do have quite a lot to
lose by giving up their job.
The best thing to do is to try and do both
if you possibly can. That way you have two income streams coming in, and you
have a lot less pressure to try and make money with your trading
strategies.
One of the functions of cash is, by definition,
to collect value. But how can you make certain that your money will store up
value, in the long run? moments of recession will come and leave their mark upon
the budgets of various states - and upon the finances of distinct individuals as
well. And by times of recession we name anything from investment market
collapse,
coach outlet,
national debts and/or currency crash to war and social unrest.
Many
people think of building and keeping their wealth by investing their capital in
the stock exchange, but most Wall Street dreamers get to lose in the end. The
reality is that wealthy people only throw their "play money" in the market, not
the capital for wealth keeping.
All
thriving individuals used diversification to generate wealth and investments in
assets to preserve it. Taking into account that the stock exchange is risky,
that interest rates are minimal, that real estate has been overrated in the past
few years, what alternatives are there left?
What would you say about
gold and silver investing? Successful investors have preferred to invest in gold
and silver for two motives: (1) - that the gold and silver prices have gone up
in the past several years, making them sure that they will constantly increase
their wealth; (2) - that gold and silver are a serious asset that helps defend
wealth against currency-induced and all types of economic crises. The evidence
lies in the fact that in periods of crisis, the need for gold has always been
bigger,
cheap
foamposites.
They are perfectly right, as the gold rate has
seen a median growth of 26% per year between 2002 and 2007 (signifying a total
gain of 130% during that time), while the silver worth in the U.S. has increased
by a median of 36% yearly during the same period (183% overall
increase),
nike shox. As for
the value of cash, the accumulated cash over the exact same time had less
purchasing power at the end of the period as a result of
inflation.
Silver and gold have been considered a form of money, power
and store of value for over four thousand years. These days,
cheap foamposites, apart from coins, you can choose
from a number of equally safe methods of investing in gold and silver: bars,
silver coins and gold coins; exchange-traded funds; silver or gold
accounts.
If you are wondering at this very moment what the most proper
method would be for a normal individual to take the first step, here is a
perfect suggestion: many people discover that the most handy, cost-effective and
also pleasant method is to buy silver and gold coins. A first good news about
this is that it is a growing market,
louboutin,
so you won't be going through lots of efforts to buy your gold and silver coins
and you will also have the advantage of being the first gold and silver coin
collector among your relatives and friends. In addition,
nike shox, you don't need to have a great amount of
money to start with, you can accumulate wealth gradually while also ensuring
that you preserve your wealth and enjoying all along what is known as the
passion of kings: coin collecting.
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