Published On: Wed, Dec 12th, 2012

Can Anyone Become A Trader?

Those looking for somewhere to invest their money are frequently encouraged to take steps towards trading, implying that almost anyone can try their hand at being a trader and come out on top. But is this really the best advice to give to those without prior experience, or even prior interest, in trading?

These days, certain types of trading have become much more accessible to the public. Investing in commodities like gold can be carried out remotely, and trading is simplified so that those with little experience in this sector can manage such investments with ease. Investors can check their Gold prices from Bullionvault, and other such trading sites, and complete trading transactions online at their convenience. Traders are also able to invest relatively small sums of money and, when it comes to trading in commodities such as gold, they will usually find themselves dealing with a much less volatile and more manageable market compared to those trading in stocks and shares, for example.

However, that’s not to say that trading is necessarily for everyone. Other markets can still take years of training to get to grips with, and most still carry significant risks even for those who are highly experienced. Whilst some types of trading might be compatible with full-time employment elsewhere, others will require a far higher level of dedication and commitment if they are to prove profitable. Forex trades, for example, are often reliant on the trader having a good understanding of changes within the global economy. Therefore, it is not always advisable for those who are simply keen to see a stable return on an initial investment to try their hand as a trader. Although there is a greater ease of access to the trading floor, it is certainly well would-be traders doing their research to find a type a style of trading that would work for them – if, indeed, this is possible.

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About the Author

- Marcus Holland has been trading the financial markets since 2007 with a particular focus on soft commodities. He graduated in 2004 from the University of Plymouth with a BA (Hons) in Business and Finance.