How Much Money Do You Need to Start Trading for a Living?
★ SUMMARY ★
When I look at this question, I see the answer in two parts: 1) what kind of lifestyle do you want? and 2) how much money do you need to start trading to get to that lifestyle?
Lifestyle
What kind of lifestyle do you want?
You will first need to answer this question before moving on to the next. Do you want to party 5 nights a week and spend $200 a night? Do you want to live in a $5 million mansion? Maybe you just want to be a stay-at-home parent who has a few hundred dollars a month to help support your family.
This also applies to where you wish to live. If you’re trading in the U.S. market but living in Costa Rica, the lifestyle costs are different. You need to do some research and calculate what type of lifestyle you need or want and configure costs…
Posted at: http://tradersfly.com/2014/02/much-money-need-start-trading-living/
★ SHARE THIS VIDEO ★
★ SUBSCRIBE TO MY YOUTUBE: ★
http://bit.ly/addtradersfly
★ ABOUT TRADERSFLY ★
TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.
Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better.
Stock trading and investing is a long journey – it doesn’t happen overnight. If you are interested to share some insight or contribute to the community we’d love to have you subscribe and join us!
FREE 15 DAY TRIAL TO THE CRITICAL CHARTS
— http://bit.ly/charts15
GET THE NEWSLETTER
— http://bit.ly/stocknewsletter
STOCK TRADING COURSES:
— http://tradersfly.com/courses/
STOCK TRADING BOOKS:
— http://tradersfly.com/books/
WEBSITES:
— http://rise2learn.com
— http://criticalcharts.com
— http://investinghelpdesk.com
— http://tradersfly.com
— http://backstageincome.com
— http://sashaevdakov.com
SOCIAL MEDIA:
— http://twitter.com/criticalcharts/
— http://facebook.com/criticalcharts/
MY YOUTUBE CHANNELS:
— TradersFly: http://bit.ly/tradersfly
— BackstageIncome: http://bit.ly/backstageincome
source
If you found this video useful, than you lack common sence and have no buisness trading stock.
Thks
lol 700 dollar rent i make 300 dollars a month T_T looks like im screwed
Thanks
To be quite honest with you this first video of his series. That l thinks it was completely rubbish. You did not say anything really concrete? A quick, generic video!
Becoming a professional trader would be my dream come true but for now am confident with the chat room i joined in January invented by BILAL BENJAMIN
Consistency has brought me this far to be sincere am profiting awesomely
Seems accurate. Now don’t forget you need the know how not to waste the money more than the $
Bartend . It’s safer . More women
Wow so many people cofuse investing with trading. If you buy 1000 shares on a 5.00 stock and the stock move to 6.00 in a few minutes you make $1000. on a 5000 "investment" 20% in a few minutes. You set your risk at 10/15/20/25 ct. Always aim to make atleast 1:2 risk vs reward. Risking 20 ct to make 40 ct. Investing only works great when you have alot of money.. Not with a small acount. The time you are 80 with a yearly 5/20% return on a small account you can buy yourself a nice graveyard spot and coffin.
I have 100$
How can i start trading from Africa? most trading platforms are limited to US citizens only
$25K
Unfortunately the comments in the section are better than the video!
Isn't the most important thing the actual thing going on with the company involved? Everyone has claimed systems and ways to analyze stocks, but what about new breakthroughs or important projects certain companies are working on that could be important to keep an eye on the news for when said projects become available to the public. For example, I read about a company that is developing a.i technology that will be used for amputee victims to operate an artificial limb, so surely the companies that release this technology will really profit, and their stock price will be hyped up if their products do not live up to expectations, so it gives a certain predictability to the stock price. It seems like there is more research involved, and less mathematics other than basic reasoning. How many people just throw money at stocks on gut feelings, and hope for the best?
Thankyou for explaining.??
good day! sasha! just want to ask coz im just starting …how to trade a stocks that is below its LOT SIZE? coz i did purchase a stock which are still before 10 lots ,now it increase its lots to 100 lots…how to trade this, coz im stuck and cant sell this stocks..thanks in advance!
?
Your calculation is ridiculous to much risk for little profit . i invest 250€ , me and my broker opened 3 postions , couple Times a week . In 2 weeks i made profit of 350€.
Who TF has thousands of dollars to start trading!! Especially if I just wanna be a stay at home parent!! Hold crap
A young Gomez Addams without the mustache.
nicely explained!
I have a little under $1000 is it a bad idea for me to start day trading? I don't wanna waste my time learning about stocks if I don't have the money to even do it.
Somebody got there teeth whitened lol