“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” –Steve Jobs, co-founder, chairman and CEO of Apple
There is definitely merit in the idea of owning your own business, in particular one that you can run from anywhere in the world. Let’s face it! Opening your own start-up will take extreme dedication, lots of hard work and long hours to start with; however, when it is up and running, you will undoubtedly be in the position where you can cut your daily working hours. Furthermore, if you enjoy travelling around the world, self-employment will allow you to work yourself into the position where you can manage your business from anywhere in the world.
Online Financial Market Trading
Before we look at reasons why you should consider trading on the global financial market as your self-employment vehicle, let’s look at what online financial market trading is:
First of all, a financial market is a “market in which people trade financial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect supply and demand.”
Secondly, according to Investopedia.com, “online trading is the act of placing buy/sell orders for financial securities and currencies with the use of a brokerage’s internet-based proprietary trading platforms… [Ergo] Stocks, bonds, options, futures and currencies can all be traded online.”
Therefore, online financial market trading is a way to trade on one or more of the global financial markets via specialised internet-based software.
Reasons why you should consider online trading
There are several reasons why you should consider online trading as a means to earn an income:
Work from anywhere in the world
As with all Internet-based businesses, you can invest in the global financial markets from anywhere in the world as well as any time during each 24-hour period that constitutes a working day around the world. All you need is a laptop and a reliable internet connection.
Should you wish to travel while you are working, I would suggest that you make sure that you travel to your new destination over the weekends or holidays when the markets you want to trade on are closed. This will allow you to maximise your working week while travelling around the globe. Furthermore, I believe it’s a good idea to stay in an area where an Internet connection is available for you to go online and place trades.
Low start-up capital
The only start-up capital you will need is the deposit required when you open an online trading account with a broker such as Lionexo. Most brokers require a $250 deposit to open an account and to start trading.
It’s important to do your homework before signing up with an agent as it’s important to ensure that you sign up with a reputable broker. Unfortunately, the rise of the Internet and online share trading has led to a number of scam brokers who aim to do nothing more than take your deposit and run away with it.
One of the questions that is more than likely running through your mind is how are you going to learn to trade successfully online. The good news is that there is a relatively straightforward answer to this question.
Before you open an account with an online trading broker, you need to make sure that you have access to their exhaustive education centre. This centre needs to include a trading academy with a demo trading platform, advanced educational materials, as well as analytical reports on the options that you plan to place trades.
If your preferred online trading broker does not have a comprehensive education centre, then I believe that you should look for another trading partner. After all, your broker should do as much as he can to help you become a successful trader. Thus, one of the non-negotiable elements that you should look for is an excellent education centre.
I really believe online financial market trading is a viable alternative when it comes to looking for self-employment ideas. In summary, you do not need a large capital outlay to start off, you can work anywhere and anytime, and you will find enough customer and trading support from your online trading partner that, if you work hard, there is no doubt that you will make a resounding success!
Track All Your Accounts With Personal CapitalPersonal Capital lets you see all of your accounts in one convenient place. Sign up now for free.
More from my site
Latest posts by Mr. 4HWD (see all)
- Employees Yearn to Return to Work but Expect Changes in Workspace Design - November 16, 2020
- Five Ways To Keep Your Business Finances in Check - October 19, 2020
- The Great Importance of Leverage in Forex Trading - June 23, 2020