7 benefits of trading.
So, we have been talking about the mistakes that we are making during trading and what fixes we can implement in order to make our trading easier and more transparent. But why would we do it in the first place, right?
Forex seems like an extremely difficult world and those who are in it need to understand what they are doing. what benefits does trading have before all of the other means to make money?
Before we start here is what we have been talking for the rest of the week:
9 trading mistakes that stand in our way (part 1)
9 trading mistakes that stand in our way (part 2)
9 trading mistakes that stand in our way (part 3)
11 DOABLE FIXES TO ALL OF THE TRADING MISTAKES!
Let’s go!
1. You can work from home.
2. You become stress resilient.
3. You become good at multitasking.
4. You become alert.
5. You meet new people.
6. You broad your horizons.
7. You are your own boss.
1. You can work from home.
Let’s face it. no matter how much you love your job and no matter how cool your coworkers are, working from home is always going to win. You can listen to your own music, you can work intensively with no interruptions and you can drink whatever coffee you like. And trading gives you that opportunity. Not at first, of course, but with time, when you are experienced enough in order to be profitable and make a living out of trading. but there is a perspective for a home office. And isn’t it nice?
2. You become stress resilient.
It is no secret that trading forex, CFDs and other financial instruments is a stressful job. No wonder brokers get to quit in the age of 30 – they just get fed up with all of the stress and their health is at risk. But with home traders the story is different. I mean yes, you are exposed to stress, but just not as much. Of course in the beginning of your way you are going to be nervous a lot, but with time you are going to start to notice that the little things which were stressing you out are nothing to you anymore.
That is the perk that is going to become more useful in life, as we are exposed to more and more stress every day.
3. You become good at multitasking.
As a trader you need to be alert to everything. You need to watch your graph, your pips, the moving of the price. You need to see and understand everything that is going on at the moment and you need to do it all simultaneously. With the time your eyes get used to the whole information flow and you are going to be able to drink coffee, listen to your favorite soft jazz and speak on the phone all the while watching all of the aspects of your trade. Neat, huh?
4. You become alert.
In order to be successful in the market you need to have the whole spectrum of information. That is why traders get used to being alert of the latest developments in both economic and political scenes. They always know the latest news and are always well-informed about the consequence of every action. And you as a trader are going to get used to having a specific information in your attention span all the time. That way you are always going to be pleasure to talk to.
5. You meet new people.
Of course, maybe not in real life, but you are going to get to know a lot of new brokers and traders. and form unbreakable bond with all of them. After all, you are all in this together and you all go through the same things together.
6. You broad your horizons.
Now, this one in connected to the point №4, but it is slightly different. In addition to all of the news you can read as a part of your job you get to broaden your horizons as you are exposed to a very specific kind of information. And I am not only talking about the trading information.
You are bound to read something about risk managements, stress relief ways and learn a little bit of the accountant-related information. All of that is broadening your information. In case you are trading crypto you are also plunging into the world of computer science, programming and mathematic algorithms. Interesting, but can be tough at times.
7. You are your own boss.
Trading is not ties to a certain tome-schedule. You can into the trading when you want and leave when you want as well. You become your own boss. You set your goal and your dead-lines. And no one can tell you what to do.
Of course there is a down side to this one as there is no one else to lay the responsibility on. Your mistakes and fails are your own and no one else’s.
Well! Our trading-mistakes-dedicated week came to an end. What did you think about all of it? Write in the comments!
