One of the biggest dreams for many people in all walks of life is having the ability to make Money from home. On January 1st, 2013, I quit my job to live that dream; and one of the processes that afforded me the ability to do so was day trading. So naturally, I want to make sure that everyone knows that this is a real possibility. There are several different ways that you can go about making money as a day trader. Today, I’ll point out a few different investment vehicles and explain how they work. From there, all you need to do is give it a shot and you may be surprised at just how realistic your dreams of making money from home actually are. So, let’s get right to it…
Day Trading Vehicle #1 – Binary Options Trading
It wasn’t an accident that Binary Options Trading is the number one vehicle mentioned here. To be honest, it’s my favorite! Binary options are not like any other investment vehicle. When trading them, you’re not purchasing a share in a stock, an ounce of gold, or even in single unit of currency; in fact, you’re not purchasing anything at all. Instead, you’re making predictions with regards to whether the value of an asset is likely to rise or fall. If your prediction is correct, you stand to earn massive gains. If your prediction is incorrect, you stand to end up with a loss. One of the things that drove me to binary options trading is the fact that traders know exactly how much money they will make if their predictions are correct and exactly how much money they will lose if they are incorrect. This gives binary options traders unique control over risk! Ultimately, the many variables and uncertainties associated with other investment options simply disappear when trading binary options!
Day Trading Vehicle #2 – Forex Trading
Forex trading is also a great way to go about day trading. Essentially, when trading forex, you are trading currency. With that said, currency is literally the most liquid asset in the world. Therefore, the forex market tends to have quite a bit of volatility that is the result of the vast amounts of purchases and sales that happen in the market every single day. This is great for the day trader because the day trader’s ultimate goal is to take advantage of short term fluctuations in the value of assets in an attempt to create profits on a daily basis. So, by buying low and selling high within just minutes profits can be made over and over again. Also, one of the factors that drove me to forex trading is the fact that traders can also make money when a currency loses value; depending of course on how the trade is made. With all of that said, if you want to make money from home and would like to do so by trading money, forex just may be the day trading vehicle for you.
Day Trading Vehicle #3 – ETFs And Stocks
Another great vehicle for the day trader is the traditional market. Here, traders will trade ETFs and/or single stocks. An ETF is an “exchange traded fund” that tracks the movement of particular stocks, an entire index, commodities, and more. While momentous movement doesn’t always occur in the traditional market, it is possible to make a good living day trading ETFs and stocks. To do so, traders generally follow major media outlets in an attempt to decide where the most momentous movement is likely to happen. From there, they make an attempt to purchase an ETF or a stock at a low point during the day. Before the day comes to an end, they close out the investment; making a profit from the movement that happened throughout the day.
Making money as a day trader is not out of reach. There are several ways that you can go about making your money work for you in the market and earning a great income day to day doing so. So, what are you waiting for? It’s time to start trading and living the dream of becoming your own boss!
This is a guest post