While younger kids want to become Santa or superheroes when they grow up, older kids have more insightful plans. A survey of 1,000 teenagers revealed that 6 out of 10 were more interested in starting their own businesses rather than working traditional 9-to-5 jobs. This entrepreneurial mindset will lead many to become traders someday!
For those on the verge of choosing a trading activity, this article will show you why it’s a good decision. See if you identify with these reasons!
1. Get financial freedom
With enough money to not have to worry about bills and other everyday problems, it gives you the feeling that you’re in control of your finances.
Trading is not a get-rich-quick scheme, and it won’t make everyone prosperous. But with persistence and the right strategy, anything is possible in the financial markets. And then, you can enjoy the lifestyle you’ve always wanted.
2. Decide where, when, and how to work
Trading can offer more than just money. It can offer real job freedom—the ability to work comfortably from anywhere in the world, only needing a computer and the Internet. You’ll have complete freedom and responsibility to take actions that you decide are best, not your managers or anyone else.
3. Become the boss
One of the best perks about being a trader is being your own boss. You’ll forget the daily grind of working for someone else and embrace the new reality—calling the shots, realizing your self-worth and abilities, and doing the work you enjoy. While working for yourself comes with its own problems, stressors, and setbacks, it’s always worth a try.
4. Learn about many things
Being a trader helps you understand the world better. Depending on the market, your learning journey will cover different areas of knowledge:
- Trends in different industries, corporate financial statements, and current events when you learn how to be a stock trader
- Strengths of various economies around the world when you learn how to be a Forex trader
- Advanced technologies and data science when you learn how to be a trader in crypto
5. Understand people better
Markets are made of people. To understand the market, you need to understand why people act in certain ways, what drives the crowd, the psychological reasons behind panic buying or selling, and a lot more. Over time, you develop the skill of “reading” people and the intuition to predict their next move.
6. Have more time for family and hobbies
When you’re not a part of a corporate machine, you get to be in control of your work-life balance. If you want to plan a romantic evening for your significant other or go to a park with your kids, your schedule will not stand in the way.
Most likely, you’ll work from home, so you’ll save a lot of time on commuting, too.
7. Become a better person
With higher financial freedom, work flexibility, and more time for yourself, you become a happier, more fulfilled person. You learn to make better financial decisions, acquire new skills because no day is the same, and retire when you want.“Is it easy to be a trader?” you’d ask. No, easy is not the right word. But it can be thrilling and rewarding, and it’s definitely cool.