Some people are not cut out for 9 to 5 work, but having to do it they daydream of working from home. Not everyone has an idea of how to reinvent themselves, and they continue working for someone else so that they can have financial stability that is so necessary to have a decent standard of living nowadays.
Of course, we do not recommend quitting your job and becoming a Forex trader. First, you would have to prove yourself as a trader, and only then consider making it a fulltime activity. Forex is not for everyone, but if you are interested in Forex trading, it might be the best job you'll ever have.
To kick off, you can work remotely from literally anywhere in the world. While trading, you choose where you live and work. Anywhere where there's the internet, there's access to forex trading. It certainly beats the cubicle in a grey office.
Forex is not for everyone, but if you are interested in trading, it might be the best job you'll ever have.
Secondly, in trading your background is irrelevant, because anyone can start. Financial markets don't care about your education or past work experience. All that matters is your ability to extract money from the markets consistently. Some of the best traders in the world had nothing to do with financial markets, to begin with. Moreover, some of them didn't even have a university degree, like Jesse Lauriston Livermore who started his trading career at the age of fourteen.
Another reason is the startup investment. Forex has the lowest startup cost than any other trading market. Unlike the futures market that requires thousands of dollars, you can start with as little as 100 USD, and in some cases even 50 USD. This shows that Forex is not only for business sharks of Wall Street but, any average person that has the skills to participate.
Fourthly, by taking an active part in the Forex market, you get to meet likeminded people and create a living that suits your personality. By trading, you get to interact with people who share the same interests, be it forex or something outside of trading. On the other hand, you can also separate yourself from people by trading Forex. Some traders are not your outgoing 'people person' kind of guys. Forex allows you to be on the outside as much as you want to be and spend your money living as you please.
Many traders travel and indulge themselves in the pleasures of life. Forex gives you the freedom to do what you're genuinely passionate about, from having a lifestyle you want to pursuing your boldest hobbies. You can make your dreams come true as you're not time bound and you can plan your time to suit you, not your job. The crucial point to understand is that you are not required to spend hours in front of your laptop. At times one trade can earn you thousands in profit. It is not the quantity but the quality of your trades that matter.
Forex gives you the freedom to do what you're genuinely passionate about.
Education is another significant factor. You'll never stop learning and discovering Forex as long as you're involved in trading. You'll learn about the market, strategies, trading technology and human psychology. The psychology part should be a reason on its own. Crowd psychology helps you learn why people act irrationally and how you can do the opposite. Studying it allows you to train an entrepreneurial persona within you.
Another reason is the impact that your trading can have on the lives of others. You will continue to feel inspired and inspire others. Imagine that you've just created a groundbreaking trading strategy and you made a significant profit using it, then you go ahead and share it with others, you can become an influencer and a true inspiration. You can use your creativity, knowledge and technology to turn someone's life around by 180 degrees. Perhaps one day your talent, strategy and opinions will inspire future generations of traders just like Warren Buffett or Elon Musk.
And finally, you get to be your boss and spend more time with your family and friends.
The bottom line
Here are the reasons why Forex could be the greatest job ever. That's why so many traders keep on learning, training and improving their trading results. Perhaps one-day Forex will be your fulltime job, and you can join this wonderful journey to success. And if it's not you, it might be your friend, so go ahead and share it with him or her.