The Business Of Trading by Don Bright Trading is a universally accessible business opportunity. Here’s how to treat it like a business. Trading is a business, and all traders should treat it as such. Over the years, we’ve seen trading for a living evolve from an exclusive club of members on a trading floor of some kind to an almost universally accessible business opportunity. Technology has had a lot to do with this phenomenon, but certainly that is not the only factor. For instance, the jobs market on Wall Street has tightened over the last decade or so, leaving many traders to seek alternative ways to continue their involvement with the markets. In addition, recent college graduates, hoping to get a cushy job with a Big Investment Banking Firm, have found the competition brutal and opportunities dwindling. What else can these young minds do to achieve success? Buy a franchise? Start a research firm? Start a hedge fund? Get a job on an exchange? Any of these options can be exercised, but another, lessknown alternative not only exists but is once again on the upswing. |
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