Business At A Glance
Startup Costs: $50,000 – $100,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? Yes
Business Overview
With the advent of the internet, an entirelynew home based self-employment opportunity has surfaced. This businesshas the potential to generate six-figure incomes for everyday Americanswho become day traders of equities and commodities.
However, thisopportunity certainly has a risky downside, as the potential is asgreat to lose money as it is to make it, especially for the novice andinexperienced trader. The key to successfully earning an income as anequities day trader is to gain as much knowledge about the industry aspossible. Specialize in a specific type of stock or commoditiestrading, have considerable investment capital to get rolling, and mostimportantly nerves of steel and an understanding of what goes up mustcome down. Remember, most day traders go for short gains, buy in earlyand sell out the same day. Holding overnight is too much risk,especially for heavily invested traders in unstable market conditions.Of course, remember the golden rule of stock and commodities trading:”Never risk more than you can afford to lose.”