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If you think about having your own
full time business or to have an additional income and still
keep your full time job, then trading index futures
should be your obvious choice. Can you imagine owning
a business free of most of the hassles associated with the running
of a private enterprise? Just imagine that your business:
-
Is run entirely
by you
-
Allows you to
practise and test your plan and strategies without investing
-
Needs no licence
-
Needs no advertising
-
Have no customers
-
Needs no employees
-
Has no inventory
-
Is not affected
by economic situation
-
Requires no insurance
-
Allows you to
keep your full time job
-
Has no collection
problems
-
Allows great flexibility
regarding operating time
-
Needs no facilities
and can be run from home or even from a remote location
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Has unlimited
earning potential
So you can own your own home based
business without an unfair competition,
terrible customers with their complains and claims, legal problems,
lazy employees and long working hours. Sounds to good to be true?
Of course, there
are also many disadvantages in this business. It can't be incorporated.
No bank will help you in financing the initial costs because they
believe that trading is too risky (because of an unlimited loss
potential in case of trading futures). The truth is that your trading (just like any other
business) will be as risky as it's owner (you) will make it.
Unfortunately, thanks to irresponsible attitude of most traders,
trading of financial products like options, stocks or futures is seen by many financial institutions
as a form of gambling. So in order to start trading one needs to
come up with his/her own cash. One must also know that being successful
in trading in a long run isn't easy. Learning of necessary skills
in order to become a confident and a successful trader takes a lot
of time and money.
There is
a substantial risk of loss in trading futures and options
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