10 Reasons Your Should Succeed In Electronic Currency Trading

Hi, Brian McAvoy here with Inside Out Trading. And this video is part of the Trading as yous Business series. And this one here is entitled 10 reasons you should succeed as an individual Trader. Now, I do have to put this in because we're talking about trading. As you know, trading involves substantial financial risk. This presentation is for education purposes only and is not intended to induce anyone to initiate any investment or trade. Your trading results are entirely your responsibility. Okay, let's get going. Now, before you began trading, you were a venture capitalist. You were looking to get into business and put your money to work for you, making you more money. Now, from a business perspective, trading is unique in many regards. The success rate really should be higher than it is. Trading really has a dreadful failure rate, but the success rate really should be higher because of these reasons. Now, let's just go ahead and jump into it. The 10 reasons you should succeed. Reason number one, trading as a business has very low barriers to entry. Unlike a franchise where it takes 50,0001-000005-00000 or a million dollars or more to get into the franchise, plus a lot of time or just any other brick and mortar business, with trading, it has very low capital requirements. You can start your trading business with a few hundred or a few thousand dollars. There are no special licensing or permits required to trade and you can literally get started in a matter of hours with your trading business. That's wonderful. Reason you should succeed. Two, you have 100% control of your trading business. You don't have any dependencies on anybody else. You don't have any employees. You don't have any have vendors you're depending on. You don't have any customers you have to worry about. It's just you and the market. So that means if you take responsibility for it, you have 100% control of your business. That's very cool. Reason number three, trading is an infinitely scalable business. You can start off, like I said, with a few hundred or a few thousand dollars. And you can scale your business clear up to in the hundreds of millions of dollars. And you don't have to go get a bigger building. You don't have to add staff. No additional resources are needed. You can still trade it all by yourself. That is cool. Reason number four, your range of involvement. Trading can be completely passive. Where you have somebody else trading your money in a managed account clear up to where you're trading, one minute charts basically around the clock and anything in between, that is excellent. You have total choice of how involved you want to be in trading. Wonderful Reason number five, you're not geographically limited with this business. Unlike a brick and mortar business where it's location, location, location or multiple locations. Like I said, to grow your business, you can travel the world if you want to. Or you can have multiple locations to trade from. Anything in between. Again, you have basically unlimited choices. That's wonderful. Reason number six, breaks do not diminish your business. You can take breaks anytime, as often as you like and for as long as you like. Any other business, particularly self employed skilled businesses like trading, if you take breaks from your business, it's going to hurt your business. If it doesn't kill it. Trading, you want to take a break. You want to take a break every month. Hey, you can do it. Markets won't miss you at all. It won't hurt your business a bit. That's great. Reason number seven, the more the merrier. Unlike any other industries where more people entering the industry create competition and reduce your opportunities, make things harder for you. More people entering trading is a great thing because it adds liquidity. It does not decrease your opportunity for profit, it actually increases it. That's wonderful. Reason number eight, you can test things with zero risk. You can't do this in other businesses. Only in theory. With other businesses you can think you've got an idea. We know something will work. You can hope it will, but you can't find out for real without an investment of time and money. With trading, no. You can test things in the real world and see if they work with zero risk. You can back test things. You can trade them in a demo account. You can find out if it works in the real world with zero risk. That's great from a business perspective. Reason you should succeed. Number nine. You have tremendous flexibility with your business. You can start wherever you like. What I mean by this is if you want to start off as a day trader, cool. You can do that tomorrow. You can change being a long term position trader. You can change your strategy anytime you want, whatever you want. You can change things several times a day. You can't do that in other businesses. You can change as often as you want. You can try 10 different things in a week if you want to. You can't do that in other businesses. Trading. Hey, you can be as flexible as you want. That's cool. Now Reason number 10. This is a huge, huge reason that you should succeed in the business of trading. There are proven business models readily available. That is fantastic. You don't have to reinvent the wheel. You can just copy what already works. And again, it's all readily available. There are working methods that are successful. They've been proven. They are readily available. They've been proven for decades. That is fantastic. Other businesses can't do that. Proven business models either you have to pay a steep price for them, like I said with a franchise or the people that have solid businesses, they're not going to share their secrets with you. These are your advantages. Like I said, you are in the business of trading and these unique qualities of trading are totally your advantages if you'll take advantage of them. The failure rate of 90% really has no reason to be there. There are so many things that are unique about trading as a business business that really give you such an advantage. The success rate really should be 90%. That's a failure rate from a business perspective. Trading is just such an ideal business. Everything about it is in your favor if you'll take advantage of it. Now, the various trading wisdoms that are out there, the most important one, yes, is treat your trading as a business. If you treat it as a business pursuit, you make a proper business of it. These unique qualities about the business of trading are so in your advantage. They give you such great odds of success. It's fantastic because it really is a business. That's why you want to treat it as a business, because it is a business. And if you'll do this, it puts the odds in your favor. Now again, the main thing is don't reinvent the wheel. You don't have to. This is a fatal mistake made by many, many traders because of the intellectual appeal of trading. Yeah, you want to outsmart the markets. You don't have to do that. Business smart people wisdom reasoning says use what's already proven, especially if it's readily available. Now, good news for you coming to this Tuesday, April 14, you want to be checking your email inbox for an email from me because what's coming is really going to be fantastic for you. You as far as helping you again put the odds in your favor in your trading business. So this is Brian McAvoy with Inside Out Trading. Check your inbox. More information is coming your way. Cheers.