Quote from: Kiweikoo on December 05, 2018, 07:02:22 AM

Quote from: pempek19 on August 18, 2018, 05:38:53 PM

Potential to make substantial profits. The biggest lure of day trading is the potential for spectacular profits.

Being your own boss. The day trader works alone, independent from the whims of corporate bigwigs.

Never a dull moment. Long-time day traders love the thrill of pitting their wits against the market and other professionals day in and day out.

Expensive education not required. For many jobs in finance, having the right degree from the right university is a prerequisite just for an interview.

Self-employment benefits: As a self-employed individual, a day trader can write off certain expenses for tax purposes, which cannot be claimed by an employed individual.

Any other opinions? Please comment And we discuss any other benefits for someone who uses day trading techniques.

Those are the advantages, but what about the disadvantages in being a trader. And by the way how do you get the money to do trading when you dont have other jobs that youre into? Its good to be self employed, but you will always start from somewhere before you become a self employed and an investor or trader. And sometimes these advantages dont work, its not all the times you make profit.

It is up to trader to choose which timeframe he wanna to check,trade. Self employment stories are result of hard work,consistence,education. I personally try to apply my strategies in different timeframes,pairs for better view of image.