Many in the world dream of embarking on a new and financially independent path. Most of them prefer to pay high fees and leave everything to financial management to bank officials and investment advisers. The fear of the unknown prevents them from managing their own accumulated capital, thus increasing their income. In the article above you will find 5 simple steps to help you become independent traders in the capital market and take financial control over you. Free capital equals a calm soul the first step that will allow you to become independent merchants is equity. One of the well-known rules among professional traders is that a distinction must be made between capital that you can trade and invest with capital you will need in the short term, for example, buying a car or apartment. Remember, the purpose of trading in the capital market is to make money and not risk capital that you need. If you do not have spare capital for trading, you are not mentally free to engage in it. Think about what will happen once you start trading the money you saved to the apartment? Can you really exercise judgment and analyze the market well? In most cases, you simply surrender to the greatest enemies of the merchants – the emotion, the fear, and the feelings of the heart. Ask yourself a few questions, what is the amount you intend to trade? Is this amount for a different purpose? Are you able to deal with the loss of part or all of this amount? If you have free equity, even if it is not on a large scale and you are ready to embark on a new path, you have taken the first step to become independent merchants. Fight with fear and subconsciously After earning equity, the next step will be to get rid of the fears and stigmas on capital market trading, the same fears, and prejudices that cause millions of people to deposit their accumulated capital in bank deposits, which at best give them an annual interest rate of 0.1% and at worst cause equity to lose its value realistically. The fear of the unknown causes millions of people to leave their capital management in the hands of investment advisers at banks or investment houses. These are interested in taking financial destiny into their hands but are concerned that they are not sufficiently qualified to earn from independent trading or that the domain is at all “one big casino” intended only for sophisticated gamblers. The truth is much simpler. Henry Ford has said in the past that whether you think you can or you can’t, you’re right anyway. Independent trading in the capital market can be a casino if that’s what you do from it. If you study the field well and operate according to a regular method, you will find that the breast is not so bad and independent trading will give you the opportunity to increase revenue and free yourself from the banks. Greenlight from regulation If you are concerned that the independent trade sector is completely regulated, remove the worry from your heart. In August last year, a new era struck in the arena of commerce, when the Knesset Finance Committee approved new regulations submitted to it by the Securities and Exchange Commission. These are essentially similar to regulations in various countries around the world and stipulate, among other things, that a trading company must obtain an arena license in order for it to operate in Israel, hold certain equity and provide reports to the authorities. The process is still underway and in the end, Israeli trading companies will be sober by regulatory authorities just like any other financial body. It should be noted that there are already a limited number of companies in compliance with European regulation today The road is long but affordable So you have free equity and you have all the fears and concerns about freelancing, now you are free to enter it. Make no mistake – Freelance is not a simple field and requires careful learning. This is not a difficult course of study in engineering, nor is it a study material of 5 units in mathematics. However, in order to become a trader, you must learn the trade-offs – the general concepts of the capital market, the trading systems, the different strategies, and also how to build a work plan and of course to recognize the psychological failures that can affect you. This is not a complicated study material, but it should be adhered to and your self-discipline is of great importance. Once you internalize the material and gain experience, you will find that while tuition is paid for in money, the method works in the long run. Freelance trading won’t make you a billionaire, but it can certainly increase your revenue pie. The moment of awakening – again and enjoy Veteran merchants describe this moment when they realize that the method is currently working on awakening. Many run the long way they go – starting with knowing the basic rules of the capital market, and learning advanced strategies, through the practice on dry, the “war” with emotion and fear, the failures, the successes, and the enjoyment of trading. The traders who decided to embark on a new path and their willpower overcame fears, succeeded in reaching their destination – freeing themselves from financial dependence on banks and investment houses and living their dream. In conclusion, those who decided to embark on a new path and their willpower overcame fears, managed to reach the goal – to free themselves from financial dependence on banks and investment houses, live the dream and become independent traders.
