While they do not get paid, traders from all walks of life have an interesting and varied career.
The median daily earnings on this chart are of traders in the UK. Traders from the US are also included with their respective data on the top.
Some popular categories in daily trading include:
Auctions / Stock Market
How much does it cost to be a trader?
It depends, but you would need to pay somewhere in the region of £20,000 to £40,000 every year just to get started.
There are, however, thousands of jobs available within the industry and it would be impossible to cover all of them.
It would take up to 10,000 hours of work every year just to earn what they need – in other words, they would cost £60,000 a year just to be able to support themselves.
While it sounds high, this is actually more than one of our UK MPs makes in a year!
How is one able to make a living in the finance world?
As you can see, it is not simple and requires a lot of knowledge.
You need to read up on a lot of different areas of finance, and then have that knowledge translate into trading.
It is, unfortunately, not the only career choice in the financial world, so it is good to have a little exposure to a wide variety of jobs.
I can say from personal experience, I was lucky enough to find a job after finishing university.
You must also be skilled in the different areas of finance, as some of the trades require a minimum of six months of experience.
Also, it is definitely a long-term commitment to be a trader and this industry is very competitive.
Many have chosen to join up, however I also know some who didn’t and made big bucks by being part of a small group.
This chart is designed to show how much you would need to earn every year just to support yourself. In other words you would have to work a full day, every day, without working a holiday or sick day.There are a number of different opportunities within the financial environment to get into. You might be able to find an entry-level position within banks or investment banks (which is likely to require six months of experience) or you might
swing trading strategies, free swing trade stock picks, best day trading courses reddit, swing trading vs day trading, learn swing trading india