Thread: The Business of Trading

The Business of Trading



There’s a comedian in the UK called Frank Skinner, he tells a great story of walking through London’s China Town one late summer evening. Amongst all the restaurants he sees a sign in the window of a boarded up shop, the sign is for a new Chinese restaurant, “New Chinese restaurant opening Autumn!!”. He chuckles to himself thinking what sage came up with that eureka ‘light bulb’ moment to decide; “d’ya know what this town could really do with…?”

There’s been a late revival of sorts on many town high streets in the UK. This follows the pattern in the USA where many newly unemployed folk have decided to give self employment a go given their employment opportunities are limited. Many in the UK have chosen to set up niche retail businesses. In my town it’s hairdressers that appear to be breeding onto the high street, we must have at least ten, four new ones in the past twelve months. As I walked past the latest addition, (empty of customers in what are still recessionary times), I wondered what the set up cost was, the over heads, the employment liabilities, the lease term and obligations, the break even figure? Ignoring all other factors I imagine that the set up cost alone, before the cash register even rings, must be in the region of £50k…

Self employed traders can be forgiven for forgetting they’re actually involved in the day to day running of a business. It’s also quite easy to over look the benefits of being in our business over and above some other self employment options that may be out there. From time to time it may be worth taking time out to take stock of the huge benefits of being a self employed trader, a particularly useful exercise if you’ve had a poor trading day. There are obvious life style benefits to trading; the hours you get to choose, the freedom, the creativity, the independence, but trading actually stacks up very favourably compared to other self employed professions..

Read the full story
http://blog.fxcc.com/the-business-of-trading/

Source: FX Central Clearing Ltd. (FXCC BLOG)

Originally Posted by alayoua

The Business of Trading



There’s a comedian in the UK called Frank Skinner, he tells a great story of walking through London’s China Town one late summer evening. Amongst all the restaurants he sees a sign in the window of a boarded up shop, the sign is for a new Chinese restaurant, “New Chinese restaurant opening Autumn!!”. He chuckles to himself thinking what sage came up with that eureka ‘light bulb’ moment to decide; “d’ya know what this town could really do with…?”

There’s been a late revival of sorts on many town high streets in the UK. This follows the pattern in the USA where many newly unemployed folk have decided to give self employment a go given their employment opportunities are limited. Many in the UK have chosen to set up niche retail businesses. In my town it’s hairdressers that appear to be breeding onto the high street, we must have at least ten, four new ones in the past twelve months. As I walked past the latest addition, (empty of customers in what are still recessionary times), I wondered what the set up cost was, the over heads, the employment liabilities, the lease term and obligations, the break even figure? Ignoring all other factors I imagine that the set up cost alone, before the cash register even rings, must be in the region of £50k…

Self employed traders can be forgiven for forgetting they’re actually involved in the day to day running of a business. It’s also quite easy to over look the benefits of being in our business over and above some other self employment options that may be out there. From time to time it may be worth taking time out to take stock of the huge benefits of being a self employed trader, a particularly useful exercise if you’ve had a poor trading day. There are obvious life style benefits to trading; the hours you get to choose, the freedom, the creativity, the independence, but trading actually stacks up very favourably compared to other self employed professions..

Read the full story
http://blog.fxcc.com/the-business-of-trading/

Source: FX Central Clearing Ltd. (FXCC BLOG)

Great article. Way to put all of that into perspective. I wasn't really taking the idea of trading serious until I started to think about it as a self-employed business, since I have to learn how to manage my finances, take care of it daily, and ultimately build it into a vehicle where it's my main source of income. That's a home-business if I've ever heard of one.

I have tried various business online and even offline like share market, but nothing was as attractive as Forex. It was almost like I am made for Forex. When they say it’s in your destiny, it’s usually finding the way by itself and that’s where I got to know about OctaFX broker which made my vision even clear that decision of becoming a trader is absolutely correct and right on my first investment I got 50% bonus on deposit, so it was all too good!

forex trading business is a very profitable business for traders, this business is a business that has many advantages, one of which is does not require a large capital to be able to trade forex, we can start this business with a small capital. With flexible time and place then this is a very large business

Business of trading is definitely one of the best and one of the major reasons behind is brokerage companies that have presented it on a great way. As currently I am working with OctaFX broker which is really a wonderful company that has ideal conditions to work with which includes 50% bonus on deposit, it’s also use able to margin levels which makes it so great and also really help us to achieve good results really consistently, so that’s why we get so much success.

Trading business is a lucrative business especially forex. We will be able to get the most benefit from this forex business, therefore we need to be able to have good skill so we will be able to earn a lot of profit from this business

Trading is not a piece of cake for every one in the Forex Market so we need to take care of this factor and we also need to pay attention to the education and learning.

Forex trading business is a very profitable business. We will benefit greatly from this business, therefore we need to have a good trading skills that will make us able to trade with the maximum and comfortable and we can get money from forex

Forex business can help traders to make a profit, but to get the consistency of profit is not easy. a trader must keep emotions and apply money management with discipline and patience. now I try to be able to trade with discipline in TICKMILL

We will be able to get a lot of advantages to trading forex, so then we need to manage the funds properly. In forex trading, we can start trading using small capital, if we could manage the funds properly it will provide maximum results for our trading