It takes a high degree of self-discipline to become a successful trader. The industry is riddled with horror stories of people losing a fortune to the volatile markets, but all truth be told, the more volatile any financial market is, the higher the profit margin is for the skilled trader.
Every day, markets are spiking and dropping and traders are in the thick of things making bank on every movement. Some stand to lose with others standing to win. Some play it safe with smaller gains on a repeat system, whereas some play things with more risk, analyse market trends, using sophisticated technology and move in for big gains when a huge spike hits the trading floor.
The problem is that to make bank as a trader, you really need to know the markets you’re investing in. Otherwise, it’s like putting on a lottery ticket and chancing your luck. Going into the trading market without the discipline to manage your own finances, and know what you can comfortably place on a trade, if it takes an unpredictable turn is what contributes to the success.
In order to navigate the financial markets safely takes a great deal of study, and unfortunately, there’s no university or college able to offer a degree in trading. Everything you learn will be either self-taught, or you’ll be trained by the corporate investment firms who have their own systems in place in order to generate their clients a return on investment. London is the place to be if you want to get in on the thick of the action on the trading floor of the London Stock Exchange.
Competition for those trainee positions will be rife. Why? Who knows because you can probably learn a lot more from self-education from the computer screen you’re reading this page from.
Those are only touching on a few types of trades profits can be made. Just as money is there for the taking, go in blind and you could stand to lose more than you bargained for.
Trading takes place every single day right around the globe. Currencies are bought and sold, stocks and share are bought and sold, and traders make money on many of these transactions.
It’s understandable that so many people want to join them. The internet has made it easy to be a trader right in the comfort of your living room. But unless you have the right knowledge to improve your chances of making a profit, you could end up losing more money than you make.
This is why it’s worth looking into trader training. This kind of training gives you the advice and information you need so you know what you are doing when you make your first trade. It won’t prevent you from making losses, but it will give you some essential skills and abilities that will reduce the chances of making losses on your trades.
Unfortunately you cannot generally get trader training courses at your local college or university. If you apply for a job as a trader you will get on the job training, but you need to have some knowledge or experience in the field first.
Most trader training is provided online. It may be provided in the form of an eBook or downloadable course offering videos and audios to watch and listen to as well.
Training can also come in the form of a book, and there have been many published volumes on various aspects of trading.
Some courses will incur a fee, so make sure you know what it is and what you get for your money before you order anything. Other courses may be offered free of charge. For example you might get the first few lessons of a longer course for free by email, and then it’s up to you to decide whether you want to buy the complete training course or not.
If you were to dive straight into trading without any prior knowledge of it, you would almost certainly lose money. It is a complex area that demands a certain level of knowledge before you even consider making your first trade.
While you might get lucky and make money on your first trade, the chances are you won’t if you don’t have much knowledge to start with. The best course of action is to open a practice account (this gives you thousands of dollars to practice with) and to take some trader training. You can then use the knowledge you amass to ensure you have a better chance of making a profit later on.
So you have a passion for trading and you want to be a trader? If this sounds like you, you will be well advised to look for trader jobs in as many places as you can. Since this is a more specialised job rather than an entry level one, you won’t normally find them advertised in your local job centre. So let’s see where you should look to find them.
Despite the fact that these jobs are more advanced and specialised, it is still easy to locate them – providing you know where to look.
The easiest way to locate hundreds of trader jobs as quickly as possible is to go online. There are lots of websites that have all kinds of jobs available and you’ll find lots of trading positions among them.
Start by focusing on some of the larger and better known job websites. You can then look for more specialised ones as well. For example, some job search websites focus only on financial positions, and these should include trading positions as well.
Definitely – even though some of the job adverts will appear on more than one site, this isn’t the case with all of them. Some jobs may only appear on one or two, depending on how the company advertising the jobs goes about their recruiting process.
Make a shortlist of sites that appear to have trader jobs on them on a regular basis, and check them all every day if you can. Competition will be high so it’s worth keeping up with new jobs as and when they become available.
Here’s another hint for you as well – make sure you sign up for email notifications if the site allows for it. This means you’ll receive an email every time a job that is suitable is posted on the site.
Take the time to create a good strong CV that accentuates your qualifications, experience and skills in the area of trading. This can be uploaded to lots of the jobs websites, putting you in a great position for finding new work.
It’s worth remembering that there are lots of different types of trading positions, and you won’t be suited to all of them. The more you know about trading and what kind of position you would ideally like to find, the easier it will be to narrow down your job search.
One final point – don’t underestimate the power of networking. Join a site like LinkedIn, get involved in online discussions about trading and start moving in the right circles if you can. All of these methods of networking can help to open up new possibilities for you when you are looking for trader jobs.
If you would like to find out more information about how to get trader jobs please complete the form at the top of the page.