Trading is a great way to learn how to be your own boss
Trading can be the easiest way to make a fortune. Just look at the likes of George Soros and Warren Buffet who have made billions of dollars by taking the right decisions on whether stocks and currencies will rise or fall.
The reason why trading is rising in popularity is because now it is no longer just the superstar traders with lots of money who can take advantage of market moves – now anyone with access to a computer and the internet can have a go. By learning a few basics of how to make money by trading, you can easily open an online account with a little as $100 and begin trading stocks, currencies and indices within minutes. Once you have developed a strategy that makes you money, nothing is stopping you from becoming very wealthy indeed.
What to trade is a very good question
Deciding what you want to trade can be a very important question on you path to becoming your own boss. This very much depends on both your experience and also how you want to trade. If you have previous experience trading stocks, you may prefer to stick to trading these rather than trading currencies. Likewise, if you are new to trading and think that currencies will suit you because of the fact that they are open 24 hours per day and it fits with you day job, then this will be the right choice.
Whatever you decide to trade you will also need to choose whether you will trade in the traditional sense or by using a derivative such as spread betting or binary options trading. One word of advice to those learning how to make money by trading is to use spread betting as the lowest cost and most straightforward way to trade.
Why choose spread betting?
Spread betting has increased in popularity over the past ten years as traders begin to realize the benefits of trading derivative markets. Not only are there no commissions and accounts can be opened in minutes with very little deposit required, but they have the best platforms to learn how to make money by trading. This is because they are designed to be both straightforward and cutting-edge, with excellent trading tools, educational resources and very simple methods to control your risk in the markets.