$100K per year. But it’s way more than the average day trader would make.
If you want to work in the financial markets, why not get a real job and take on the challenge of building an extra $300, $500, or even $5000 of wealth every single year? You will learn how to play the market, understand the fundamentals of finance, make the best trades possible, and earn a living wage.
The idea of becoming a financial engineer is far more rewarding and exciting than becoming a day trader.
There’s a lot of work to learn, and after a year the knowledge and skills of the day trader could be enough to replace many of the jobs you want to work in.
Day traders usually fall into two camps, those who work in markets that take 3 to 4 days, and those who work in markets taking 24 to 72 hours. When choosing you work your best, but don’t be afraid to take extra lessons if you get a little bit over-trained – your life skills and knowledge will pay off in spades.
The main difference between the two is the cost of going out.
Day traders don’t have to worry about the risk, and can get a good rate of return on each trade. They get to stay in their home city. The major difference between day traders and financial engineers is the price of staying in your home city, and the value of owning a home.
You also get to pay taxes. If day traders went to work for a big bank, they’d likely be paid like bankers today. But, day traders may work in a different type of bank. In some neighborhoods, the interest rate is low or nonexistent, and you don’t need a college degree to become a financial engineer.
The bottom line is that many people think the most difficult part of becoming a financial engineer is getting into a good school. So you’d be surprised to hear that people are starting school as financial engineers, and will be paying off their student loans.
As long as you are taking a few courses for coursework, you can be successful in finance, but getting serious will be tougher.
There will come a time when you realize that, with your $10k+ portfolio, you are making a ton of money, but you need to go to school to get rich. And you should be paying for that school, not the other way around.
It’s also worth noting that there are very few financial engineers
swing trading for beginners pdf, short swing trading definition business, best swing trading software rated, swing trading for beginners videos, swing trading options books