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RE: Should I start up my video blog again? (ethereum is dipping)
following to learn from you. I would like to start trading for the first time and gain an income from it to support my family.
following to learn from you. I would like to start trading for the first time and gain an income from it to support my family.
Well depending on your starting capital, thats very doable.. Trading has been my only source of income for 11+ years..
I don't want to ask too personal of a questions but would your income be enough to be the only income to support a family? I'm sure it is doable either way. What is a good amount of capital to start with?
yes, you can make enough to support a family. But I wouldnt just quit your job today.. You should make sure you have saved up a safety net worth of income .. maybe 6months worth to give yourself a real chance.. and you can start trading with any amount of money, but depending on your present income, I would begin trading with 5 times what you want to make per month.. that way you just have to grow your capital by 20% per month, which is pretty doable.. and with a 6 month coushion you should be able to have a few bad months without running into trouble..
Honestly, i prefer trading without any number to reach.. I just take what the market gives me.. and if i dont make anything today, thats fine by me..
I meant only trading part time. I enjoy my job but would like to have an additional source of income. Is it worth trading part time or would I miss the good market changes?
you only have to change you chart timeframe.. 1 hour bars .. you can easily swing trade off that, and hold for a few hours to a few days