On subject of risk, day trading is almost unique in that it can be learnt and practised with absolutely no financial risk at all, by means of paper-trading – that is - trading using freely available simulation software. Thus in same way a trainee airline pilot won’t be let loose into skies without having learnt and rehearsed their skills in a simulator, so a new trader can employ same technique before they start trading real money. I “sim-traded” before I gave up day-job; it made it easy to leave safety-net of a monthly pay check knowing from my simulated trading sessions that I could already make money in markets.

And that brings me to most satisfying aspect of trading for a living; money. On an average day trading Nasdaq, it is not unusual to make more money in a couple of hours than I used to make in a whole month working full time as a wage-slave. There are bad days of course, days where things just don’t work out, but they pale into insignificance over course of a week or a month. It certainly took some intensive studying and a lot of practise before becoming a consistently profitable trader. But end result of that hard work is an immensely valuable life skill that nobody can take away, and which allows for incredible freedom.

Since I first started trading, learning curve has become even easier for aspiring day trader, with a multitude of new websites, training courses, and books all covering subject. I envy anyone starting out in this business today – they certainly have many more learning aids available to them than I had at same point in my own career.

So is day trading ultimate work-from-home job? No. I firmly believe it’s ultimate work-from ANYWHERE job!

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