This is one of the most frequently asked questions among people who are just starting out, Is it possible to live from trading?. It is also a question that we are continually asked in the Neuronaltrader community.
Well… We can say YES!
Yes, it is possible to make a living from trading but it requires a great deal of knowledge, experience and discipline to be profitable in the long term.
How much money can be earned?
The earning potential is very high. Experienced traders can earn up to six figures or more annually. However, it is important to remember that trading also carries a high risk of loss if you do not have a good plan and good risk management.
How much money does it take to make a living at this?
The amount of money needed to make a living from trading depends on several factors, such as the desired lifestyle, the level of risk you are willing to take and the frequency of trades which depend on what style of trader you are and where you trade (Forex, Binary, Futures, NFT).
What do you need?
It is necessary:
- Acquire knowledge and experience. This can be done through our community, in our telegram community you can find a variety of information, guidance, tutorials and a community where you can support you… Come and start!
- Develop a profitable trading system. This system should be consistent with the trader’s objectives and risk level.
- Adopt a disciplined attitude. Trading is an emotional activity, so it is important to be able to control emotions and make rational decisions.
Here are some tips on how to make a living from trading:
- Start with a demo account. This will allow you to practice without the risk of losing real money. Click here and get a 10mil dollar demo account account.
- Start with a small amount of capital. This will help you learn to manage risk without jeopardizing your assets.
- Don’t try to make a quick buck. Trading is a long-distance race, not a sprint.
- Professional advice. If you are thinking of making a living from trading, it is advisable to consult a professional.
Making a living from trading is possible, but it requires effort, dedication and discipline. If you are thinking of dedicating yourself to trading, it is important that you inform yourself and prepare yourself adequately.
They Got it
Profitable traders are those who are able to consistently generate profits over the long term. This requires a great deal of knowledge, experience and discipline. Here is an example of some traders who have achieved this:
- Michael Burry is an American investor and trader known for predicting the 2008 financial crisis. In 2023, Burry has been profitable in his investments in stocks of companies such as Tesla, Apple and Microsoft.
- Mark Minervini is an American trader who has developed a trading method based on chart analysis. Minervini has been profitable for over 20 years and has written several books about his method.
- Naeem Aslam is a Pakistani trader and financial analyst working for the brokerage firm AvaTrade.
- Steve Burns is an American trader who works for the brokerage firm IBKR.
- Chris Burniske is an American trader and financial analyst who works for the investment firm ARK Invest.
Just like them, there are thousands of testimonials and examples of people who achieved profitability in this profession… Do not be discouraged if you are a trader and you have not yet reached your goals, focus and persevere, you can achieve it.
Important: The information and/or knowledge expressed in this article shouldn’t be taken as investment recommendations or financial advice. All investments and/or actions involve a risk and each person is responsible for researching, educating and analyzing before making an investment decision