"Why Trading is the best mode of earning now a days"

Namaste

Just sharing my views, on

"Why Trading is the best mode of earning now a days"

Reason No. 1 - You need not to deal directly with people. You just need to deal with the machine and the system. If you can do it, you can earn without much hassel, which is quite common when dealing with people, no matter what you are dealing in.

Reason No. 2 - No credit problem. In business, one has to allow credit many times. In trading, you immediately get your due, after you have earned it.

Reason No. 3 - No chance of being cheated. You take loss because you fail to understand/implement something. You can not blaim others, and in that situation either you quit trading or start learning. While in other business/profession, there is always a chance of being cheated in one or other way.

Reason No. 4 - The chances of being successful in trading are the same as in any other profession or business. Any business, job, profession can backfire at any time. Uncertainity is the synonym of life, there is nothing permanent except change. Change is a permanent phenomenon occuring all the time. The security which one feels in a job, is just his way of looking at things. Otherwise, who knows when, where and how one can loose the job or the money or the life. In view of the current scenerio, especially in Delhi, when you put your step outside your house, it is just the routine belief that one will return home safely. Otherwise, just see how many accidents and crimes are happening on routine basis

Reason no. 5 - You save a lot of money working at home. You need not to spend on many things, which are routine expenses when one gets out in the society to work, like journey expenses, petty expenses during the day, parties etc.

Reason no. 6 - It will keep you so busy that you will automatically remain away from any bad company. It will keep you disciplined too, because you had to be at the counter by 9.00 am and for that you need to awake early in the morning.


Reason no. 7 -- You are allowed to earn and you are allowed to be with your family.

Reason no. 8 -- The success in trading will automatically lead to sharpened mind, enhanced intelligence and the ability to look into the depth of things.


Reason no. 9 - It has unlimited potential. one can put any amount of money in it and gain accordingly. I have seen many people, some of whom are my close circle, that they have got good amount of money; but their business or profession is lacking to potential to use all the money they have and they want to put in it. It is therefore, they too look for getting some good tips in share market.

.......

Let me MODIFY Reason no 1 FROM MY VIEW POINT:

No MANAGERS/ BOSS ( Like that of mine) sitting on your shoulders, and pricking.. Through trading " All bosses or fired..:gun2::gunsmilie::gun2:

:clapping:

:clap:
yes, it is being your own boss.

Saivenkat bhai,

it took me almost 2 years to decide to be in trading. Because, whenever I discussed this with any of my friends, colleagues or known one, all would say, "Boss, it is too risky, it is pure speculation blah blah blah"

In the meantime, I was in Gems partime business. It was good in the initial stage. but later on things started being tensed. Though, the return/gains were quite good, yet whenever I have to deal with someone, who had already been dealt earlier, he/she would always make things difficult. I have a weakness, that I can not keep on pressing the person for giving me the cost.
Log baag (khas taur se Delhi wale), udhar kar lete the, aur phir lagate raho chakkar. Apne paise, apna haq ke liye bheekh maangani padti thi "yaar agle mahine de dunga", kya ho gaya, pichchali baar ke to de diye naa"; are yaar hamse bhi kamayega kya", bhai-sahab, aajkal bahut tangi chal rahi hai, aapse paise har halat me agle shaniwaar ko mil jayenge. etc etc.
2-3 persons were such that they returned the item after using it for 3-6 months, saying that they can not pay the money, therefore, returning the item.
phir maine dekha, ki jo log dabang hokar, pedestrian language use karke paise maangate the, unke paise tabhi phata phat mil jaate the.

Bas wahi se man khatta ho gaya and I closed that business.

and, it was not because these customers were poor.
Rather, poor or lower-middle class never created any such big problem.

While, those living in Defence Colony, Lajpat Nagar remained a lot of trouble for me. Once, around 5-6 years ago, when I had to visit some lady in Defense colony for my balance, that lady was just putting off from the Local man-powered Rikshaw. And, she was having an argument with the poor rikshaw puller for 5 rupees. That rikshaw puller was asking for the money, she agreed to before taking that rikshaw. But when she reached in front of her house; she was literally humiliating that poor man, for none of his fault. Seeing me watching all this, she hesitantly gave him the money. And, when I entered her house along with herself, the first thing she did was visiting the Pooja Room and paying respect to God. I laughed in my heart.

Kya fayada itna Dhong karne ka, jab ek jarooratmand aur gareeb ko 5 rupiye ke liye sata rahe ho, aur idhar bhagwaan kee puja ka dhong kar rahe ho. Kis baat ke Ameer ho.
siraf doosron par shekhi bhagharane ke liye ameer ho, warna soch to riksha-wale se bhi gayi guzri hai.

"sahi kaha aapne."
:clapping:

Sahi hai bhidu, aur karo gyan ki baten .accha bolte ho

also side income is here if u teach other people but then u have to deal with some people and have to tackle them.
but tedency is that most technical analyst cum traders becomes teacher also:lol:

Crown well said.............

Have to remember guys that trading is an acquired skill, there simply are no shortcuts via some crash courses or mechanical systems marketed out there by trading gurus. Just like excelling at any sports, cricket, boxing, or winning medals at olympics, it required dedication, discipline, patience, focus and above all courage.

The most important aspect in trading is dealing with personal psychology, this is the "enemy within", one of the reasons why 90% who enter this arena fail. It is not their strategy but the mental part, Read Mark Douglas: Trading in the Zone, and The Disciplined Trader first.

Markets are inherently uncertain, whereas we have a tendency to seek certainty, that is why we resort to all the maths based indicators to forecast what is going to happen next in the market. But if you enquire a little you will realise that this is a folly, WHY?
An indicator value X is derived from the PRICE which is a variable , lets say 'A', hence X is also a variable, now we employ variable X to predict variable A.
Dwell on this for a while, and you will notice the fundamental flaw
So What to do?
The law that governs the market is SUPPLY AND DEMAND, and to read this flow of buying and selling pressure, you need to learn to read the extent of price movement with the effort that is put in by traders via their activity which is the VOLUME.
Study Wyckoff, it is over 100yrs old, but the principles remain the same regardless of which trading instrument you choose, because they deal with greed and fear of traders.

Good Luck to all