The bottom line here is that before you take plunge, you need to have done everything in your power to prepare yourself for what lies ahead. It will still be harder than you ever thought, but it will be nigh on impossible with no preparation whatsoever.

Other Considerations

There are a few non-financial aspects to consider before going full time with your trading. If you have a family, how will change impact them? Do you have space to work uninterrupted during day? It’s important that family don’t assume that because you are at home you are automatically available to take kids to school, or walk dog. Make sure from start that everybody knows ground rules and that you can separate your working time from your free time effectively.

Consider also social impact of leaving your full time employer. Again, if you have a partner or family are you going to drive each other nuts being in same house all day? Relationships can be tested to limit! Or if you live alone, are you going to drive yourself nuts being on your own all day? Trading full time can give you enormous amounts of free time, but if you have nothing to fill that time with you can quickly lose plot – I’ve seen it happen and it’s not pretty.

Is It Worth It?

Nobody can tell you if trading for a living is for you, it’s something you have to find out for yourself. I’ve seen traders go through highs and lows to challenge those of any stock chart, but for most it has proved to be a good move. The long list of benefits are all there for taking, as with any change of career or indeed any major life change, as long as you go into it with your eyes open, and above all prepare, then there is no reason why it cannot work for you.

Society's values change. Religious and racial tolerance, a hallmark of last half of 20th Century, are exception, not rule in history. Too many people see Islam as religion of terror in West and Christianity as religion of subjugation in Middle East. Entrepreneurs are seen as a force for good now, but are likely scapegoats for coming environmental meltdown. Science and technology, gods of 20th century are likely devils of 21st century. As individuals are associated with these groups they will find themselves in need of relocation beyond their national borders. There is no group in any country that can be certain they are safe from changes in national value system. There is no individual anywhere who can't be seen as an Enemy of State, at some point in future.

Even in most repressive of societies, capital and personal flight are possible. During Chinese Cultural Revolution, hundreds of millions of dollars fled China. Hundreds of people flee North Korea every year. Globalize your assets before your government finds extremes of oppressive economic and social policy. In most countries, individuals can find legal methods for moving some of their liquid assets offshore. There are even creative ways of moving your fixed assets, beyond control of your government.

Plan for future. Otherwise, you and your family may not have one. An ounce of planning offsets a ton of future regret. Your goal should be to put your assets beyond control of any single government and to have more than one passport. Doing so is your best insurance against an uncertain future. There are groups that are willing to help you, no matter whether you live in Mongolia or France. Find one and let them help you Globalize to Survive.

To contact author: Visit Beowulf Investments website: [http://home.earthlink.net/~beowulfinvestments/] Or, visit Global Village Investment Club Website: [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]