What is a trader and how promising is such an activity

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

It's not so easy to find a really good job nowadays. Not only do employers want to see a person with extensive experience in such a place and make rather stringent requirements, the working conditions themselves often leave much to be desired. For this reason, more and more people are now interested in what a trader is and how safe this kind of activity is.

Powerful advertising on the Web and in real life speaks of the great opportunities associated with speculation in the stock and currency markets, but if it really was all that easy, only millionaires would walk the streets. What to believe? Let's try together to figure out this difficult issue.

Definition

First, let's figure out what a trader is, what is his activity. This word comes from the English verb to trade, which translates as “exchange”, “trade” or “use for personal purposes”. This termoriginated on the London Stock Exchange, where a trader was a person who, at his own peril and risk, is engaged in stock trading. In simple terms, this is a special kind of speculator who makes a living from fluctuations in the value of securities and currency quotes.

How to become a trader

Is it difficult to master this profession? There is no definite answer to this question. On the one hand, indeed, in order to trade stocks or currencies, it is not at all necessary to have an economics degree or spend several years poring over a mountain of educational literature. Moreover, you can generally purchase or find an advisor program on the Internet that will trade itself around the clock, and the user will only need to control it from time to time and keep the computer constantly on. But real experts who know what a trader is, firsthand, will say that no software can replace the human mind, and events in the world sometimes change so unexpectedly that, relying on an adviser, you can very quickly lose all the capital deposited into the account.

If you approach this issue from a technical side, then you need only three things to trade: a trading platform (most now use Metatrader 4th or 5th version), making a minimum deposit (from $ 10 and above) to the account of the selected broker and the availability of high-quality access to the Internet. Pretty simple, right? In order to start trading - yes, but in order to work successfully and for a long time in this field - no.

Whatis a trader? This is a person with all his fears, weaknesses, emotions, experiences. When a profit of at least ten dollars looms on the account, I really want to fix a positive result and rejoice at my foresight. Well, when, as a result of an unsuccessful transaction, losses begin to grow, it is very, very difficult to part with hard-earned funds. Many, especially beginners, literally hope for a miracle, believing that the movement of the asset will soon change its direction in the right direction. But if this does not happen, the losses only increase. Soon they "eat up" the entire deposit. Therefore, here, first of all, not knowledge is needed, but self-control and cold calculation.

Is trading worth it?

We recommend that you first try yourself in contests. This will help you understand how close this activity is to you. Many of them are free of charge, and some brokers, such as MMCIS, allow you to withdraw prizes without any restrictions. If you have decent results, then you may be a successful trading trader, and if not, well, at least you will know that you don’t have to dwell on this business anymore. In fact, trading on the stock exchange is a rather complicated and painstaking work, and with all its advantages, one should not forget that there are often large losses in it. However, it all depends on the style of trading, and this, as they say, is a completely different topic for conversation.