Brought to you by etf trend trading job.
A common question people ask is if they trend trade, can they earn a living. The dumpy response is yes, but should consider a lot of things before you end the day job.
The first thing to think about is what “earning a living” means for you. Make millions a year or get satisfied with the k
The second thing to think about is how much you can and are willing to invest. You will make more money, if you invest more money. So, your annual income will be higher.
Investments are always a risk so be prepared to lose just as easily as you could gain. To make a profit is the goal and its not possible to everyone to achieve the same.
Another thing to think about is how much time you want to take tracking trends and figuring out how to find good entry and exit points. If you are new, use the information sources around you, including other investors, seminars, or literature. “Knowledge is power” is true in this case also.
Beginners can make successful trades by using new software. But the software costs money and, of course, learning how to use it takes time. This is another consideration.
You can begin trading while you are still working, it you have spare money to invest. Monitoring every hour is not needed as this isn’t day-trading.
When following trends, we may hold a position for months to years. People generally have the job from about three to six months.
A significant time investment is needed to trade successfully, but 24-hour-a-day obsession is not. In less than a hour daily, a lot of successful investors manage trades.
That keeps it from getting in the way of their job or their recreation. Trades can be accomplished with only a cell phone signal
There are many more exciting things to do then trend trade. As a matter of fact, the most successful investors don’t bring their feelings into it. The nerve-wracking thing is watching peaks and valleys daily.
Holding a thing without selling is the last thing to be considered. You may be a little insecure about going it without steady job, and that’s no problem. Anyway trend trading is a part time career.
For more please see ETFtrendtrading.com and What is Trend Trading.
Tags: trend following, trend trading, trend trading explained