This page will give you information so you can start trading today! It is not as hard as you think to earn a good living from trading. In fact if you know how to get in the door, it is easier to get setup than you think. Also, what many people don’t know is that you can earn a living using very little of your own money, and in some cases none of your own money.
Anyone Can Do It
Anyone can trade and there is really no excuse not too. But, you do need to know how to get started, and where. This is where so many people get stuck. The one thing I have found through personal experience and from listening to others who want to get into trading, is that there is not a lot of information out there on all the options available to new traders. I basically stumbled into trading and was blown away to find out that there are companies out there that will provide you will capital to trade (you need none or very little of your own!!!) and will charge you very very small commissions. This is especially true in day trading, which is where I got my own start.
When I finished business school I had absolutely no idea you could just become a trader. All they taught in university was how to be an analyst, stock broker or banker. So when I happened to stumble across an advertisement recruiting traders, I joined the training class and have been trading ever since. Once you got your start you realize how many options there are in how and where you trade. You can then choose if you want to stay or strike out on your own. There is a world of opportunity in trading.
Many people have asked me how to get into trading, especially day trading or swing trading (trades that last a few days to a few weeks at a time), because they have absolutely not idea how to start. They are under this false impression that you need lots of money, need certain connections, need to have an educated broker or need some kind of long training. This is simply not the case. There are lots of alternatives for all types of trading (day trading, swing trading or investing) that require very little capital (if any capital) and will provide with the tools you need to succeed.
Let me explain something. The actual markets themselves are driven by volume. I am not talking about the companies listed on the stock exchanges, I am talking about the exchanges themselves. These exchanges need liquidity and more people that trade the more liquidity there is and the more money they make. So, tons of trading companies have been started all over the world which hire traders, train them, provide them with capital and the trader gives a small portion of their profits to the company. These companies are everywhere and very few people on the street know about them. Almost anyone with at least some determination could get hired by a firm to trade and be making a great living off of what they would consider part time.
So lets look the options available to just about anyone who want to start trading, wants to do it with very little capital and wants to do it soon so they can start making extra money off some of the most volatile markets we have ever seen.
DAY TRADING
Day trading has a certain lure to it. Making trades and walking away at the end of the day with hopefully some money in your pocket (and quite possibly a lot more money than any other job) is a good feeling.
First off, let’s dispel the myth – day trading is not gambling! If you control your risk and follow a proven plan, then the odds are in your favor. There are many day trading firms all around the world which will hire and train you to become a profitable trader. While each firm is different, some require no capital be put up by the trader and others will require a retainer. The firm will take a percentage of your profits and generally there are small fees associated with each trade. These fees vary from 5 cents to 30 cents per 1000 shares traded. Each firm will have their own balance of fees and profit pay outs.
Also most firms do not hire you as an employee but rather you are contracted out and basically have your own business under the organization. This allows you to write off business expenses. Some firms allow you to trade from home and some will require you be in a office. If you want to start trading, and get out of the rat race, it is something to look into. Here is one company that you can contact. Please let them know that Vantage Point Trading (or Cory Mitchell) sent you.
For additional information on other firms check out the site below which has a fairly comprehensive list of all different types of trading firms.
http://www.tradersnarrative.com/list-of-proprietary-trading-firms-735.html
SWING TRADING OR INVESTING and MORE DAY TRADING ALTERNATIVES
If you want to invest, swing trade or day trade then you may be happy to find out that we live in a very good in history. So many products are available today which allow traders to make trades and invest in assets very cheaply. Many people would rather not work for a firm, but would rather trade for themselves and build up their own capital. The good thing is, you don’t need much capital to get started. Stocks are not the only investment, and this is often not realized by many traders and potential traders. Trading stocks is actually very capital intensive compared to other investment vehicles which provide much more freedom in terms of leverage available and less regulation. We are not limited to stocks; we have currency markets to trade, we can trade gold, silver and oil. These are the markets can be traded with little capital and with a good plan in place risk money management we can begin our capital quickly. Currencies, gold, silver and oil can be traded for as little as $5 in margin. That $5 in margin gives you the opportunity to make hundreds of dollars a week. Yes, that is right, off $5 (and of course you can trade more). The reason is that you get purchased products and trade currencies that are highly leveraged. This means that you can take large positions for a small amount of money and thus make profits on the large amount (instead of just your small amount of capital). $5 lets you make money on a position worth $1000 potentially.
With this form of leveraged trading is very important to control your risk – just as profits are magnified, so are losses. You can not lose more than you put in your account though. I use a broker call Forex Yard. With them you can trade currencies, gold, oil, and silver all for very little capital. You can open an account for as little as $100, and start making money. They have online training and tutorials which will teach the basics of trading and help get you started. There are several strategies discussed on this site if you want further information. The best way to get started is to open an account or a demo account and try it out.
I am sure that if you try this broker out you will be very satisfied. They provide you with free charts and news information as well as daily analysis. Plus, you can not beat the opportunity that they provide you with trade different financial instruments for a very small amount of capital. Click on the link above and give them a try.
IF YOU DON’T HAVE TIME TO LOOK FOR TRADES YOURSELF
While I do encourage traders and potential traders to do their own homework, sometimes it is just not possible. You may enjoy your job or have a full schedule of family and personal matters which take up your time. Or you may not want to put in the time to learn some strategies and educate yourself on the markets. When this happens, you still do have options. Open a trading account through a major brokerage firm, such as Interactive Brokers and then subscribe to a service that will provide you with trading signals based on a proven trading system.
You will need to pay for the service, but you must realize that in order for someone to be able to able to sell trading signals long term, they must have a proven system. While no one can guarantee (it is illegal to say that) you will make money, your odds are much better than going at it alone (especially since you don’t have a lot of time). Having trading signals given to you by a third party will allow you to do all the things you want to do, as well as make money from the markets. Minimal research and time is required on your part. This is why paying for a service is not a bad idea. One of your trades per month will cover the cost of paying for a service. Here is one service I recommend that you try.
“On a week to week basis we can predict the direction of the trading week with nearly 85% accuracy. Open to close on each day is about 80% as long as we get the direction of the week correctly.” – Emini Forecaster
That is a powerful tool for anyone to have – even a seasoned trader. The signals can be used to trade any investment that follows the S&P 500 (this includes several ETFs, many stocks, futures or an S&P emini). So I definitely recommend that you check out this service and get yourself involved in the markets. With this you don’t need to waste your own time, and you can start profiting from the markets. Make the investment in yourself and start earning that extra income.
~Cory Mitchell
