How You Can Start Trend Trading For A Living
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In this tough job climate many people want or need to find a way to make a living. For, most people that will mean finding a new job, but for a few it will mean discovering the freedom of working for themselves. Now, you may have wondered if you can make a living from trend trading. The simple answer is that you can, but you need to learn a few things first.
The first step in figuring out if you can trend trade for a living is to figure out how much money you need each month for living expenses. Some people can live just fine on $40,000 a year ($3,333 a month) for other they need to make $140,000 a year ($11,667 a month). This is vital for anyone who is willing to give up a steady paycheck for the sake of freedom.
The next step is to find out how much a trend trading system returns in an average month. For example, my favorite system is ETF trend trading. You can find out more about it by clicking here and registering for the free newsletter that gives you an exclusive behind the scene look at it. So, if we used it as an example we could expect to earn around 6% per month on our money.
So, let’s use our numbers above. Say we live in a cheap part of the country and can live on $40,000 a year or $3,333 a month. To generate $3,333 a month from a 6% return we would need a minimum of $55,550 in available cash. To generate $11,667 a month at 6% we would need a minimum $194,450. However, you need to keep in mind that a 6% average monthly rate of return means some months you will do better others worse.
So, if you want to be able to make a living from trend trading you will need a fair bit of available capital. It is always wise to have a fair bit more than the absolute minimum, because it will help provide for you in bad months, and there are going to be some if you want to become a professional trader. To sum it up trend trading for a living is possible if you have the money to begin with.
What if you don’t have the money to start with? I still recommend giving ETF trend trading a look because the newsletter registration is free and you can see what it has to offer with no risk or out of pocket expenses. Then if you think it something you would like to try, start with some (not all) of the money you have and try it. Most important of all keep reinvesting your profits and pretty soon you will be able start trend trading for a full-time living.
Still not sure how you can start trend trading for a living? Then visit, the free ETF trend trading newsletter page, which explains exactly how people get started becoming full time investors. It is free to join and they do a far better job than I ever could explaining everything you need to know.