People often marvel at others who have resolved to follow-up on their interest in learning how to trade, often found in some futuristic home office or other official-looking venue, digging away at the market-info graphs sprawled across their monitor screens. This awe comes even in the wake of trading CFDs, securities and other financial instruments becoming so common that about one in five people refers to themselves as some kind of trader.
In response to this and just as a general observation, I always say that everybody should be a trader and I’ll get into exactly how everybody can officially become a trader in a bit.
Why everybody should be a trader
The first order of business is to explain exactly why everybody should be a trader, even if you’re not in the slightest bit interested in the intricacies of the financial sector. So, even if upon watching channels such as Bloomberg the whole day you don’t understand a single term they use, you can and should still get into trading.
The first reason why everybody should be a trader may seem like a counter-intuitive one which encourages saturation, but once you dig a little deeper into the inner-workings of the trading world you’ll understand that you’ve probably been missing out on some freely available cash all your life, up to this point. So everybody should get into trading because of how easy it is. Sure, with many things in this world, the more people who get involved, the more saturated the niche, field or market becomes. How many YouTube vloggers are there in existence, for instance, all of whom are now fighting it out for very low advertising dollars?
In the world of trading it’s different. The more people get involved, the bigger the market grows because of all the money and equity each new trader is bringing into the mix.
Getting started is as easy as opening an account to trade with the Metatrader 4 platform.
The second reason why everybody should get into trading is because everybody is already trading in some or other way. As an economically active individual, you’re applying the principles of trading when you make buying decisions, as well as any selling decisions you make if you are indeed involved in business from that point of view, but this includes selling your time for money at your job.
So everybody should trade because everybody is already a trader.
How you can ensure success as a trader
The best way to make sure your trading exploits actually yield a growth in capital, or perhaps even just put some extra spending cash in your pocket, is to join a trading group. The formalised agreement would be that a percentage of all profits made from each trader goes into some kind of common pool and then this common pool will be used by a designated administrator to physically invest in business ventures outside of the trading world, for real-world capital growth.
The exact details of how the dividends will be paid and how often, would need to be thrashed out amongst all members of the trading group, but otherwise this essentially negates the one major pitfall of trading, which is that for every winner there has to be a loser.