Trading as a business – 3 steps to success
About this course
Many people are interested in trading and investing, mostly to make an ambitious amount of extra income, but there are also those who want more. In this course, we would like to show you what's important if you want to build a business from your trading and investing activities. Of course, keeping these lessons in mind also helps those that only want to trade part-time.
In this course you will learn:
- How to create your business plan
- How to prepare every day for your trading success
- Why evaluation of your trading and investing performance boosts your success
But before we get into the details, let us put it in context.
Why building a trading and investing business matters
It is perfectly OK to start trading for fun and a bit of extra income. At the same time, you will experience more success and joy if you take it seriously from the start.
Why not think about trading and investing as a business? It's YOUR business and you decide what the business does:
- the strategy,
- the assets,
- the risk,
- how much money to use,
- your business processes and ways to make a decision,
- and many more things... Isn't it exciting?
The other reason for building a trading and investing business rather than a hobby is longevity. In business, people say that only 1 out of 10 start-ups succeed. In trading and investing the number is even worse. There is a common saying that 90 percent of all traders lose 90% of their money within the first 90 days. Be different, have a plan, have a strategy, analyse and be successful.
To sum it up, the reason why building a business matters is that it will bring you more pleasure - first in the process of thinking about everything and in the long run, because it will be the basis for your success.
We wish you a great start to your future success with this course.
Your trading business
We believe in a world where people manage their own money. That’s why we have been building one of the largest online learning platforms for you to learn from the best traders, investors and personal finance gurus out there. Learning to trade, invest and manage your money is a serious task, at the same time it’s fun and much easier when someone shares their knowledge with you and brings you to a level where you can make your own experiences and learn by being active in the markets yourself while speaking with others in a community.