Can you generate sustainable income from the share market
We all have financial commitments and goals in our life’s. At all stages of life, the structure of this need changes but the requirement remains.
The share market can be the best solution if you know what to do & when to do.
Besides the market has its own advantages & disadvantages.
However, anyone can beat the odd and could generate a sustainable source of income from this market.
if you think trading in share market as like any other business opportunity where with patience you first make an investment. After the commencement of the operation’s first cross breakeven point where we recover our initial cost.
If all our business research, operation, and execution go well then the next step is to gain profit.
Similarly, in the share market, you should trade with a plan & then trade your plan. This market offers unlimited gains with minimal expenses. There is no requirement of big working space if you are working for yourself.
Here we discuss a few methods with which you can achieve success.
1 Technical trader
By reading the stock, commodity or forex chart we know the trend & direction of the trade. There are various studies and tools available which would help a technical analyst to build his trading plan. If you are having a short term plan then you would prefer quick returns.
2 Option trader
This is the trading tool for those who understand or willing to work on high-risk high return philosophy. You can start with a minimal amount in this segment and can have daily earnings with a strict trading plan. An option trader follows the market volatility & formulate the strategies which would aim to channelize it in their favor.
3 Fundamental trader
This study suits for those who have a long term view in the market or need a corpus for financial goals after 5 years or more. The theory behind this is that the changes in the fundamentals of business took time to show it’s effect over the period of time.
The above points are types of studies however there is no one direct method that will work. This is the only market even if the prices fall you can earn. A combination of these studies will increase the chances of daily earnings from the market. The scope is not just limited to any specific education or background.
Here are a few real stories which prove the above points:
1 Tasneem Mithawala
She is a single mother of two daughters. Owing to her home responsibilities she has to quit her job however for earnings opted share trading on the advice of her cousin. An art student with no prior knowledge was difficult for her initially but she was determined and moreover, this was her only chance to manage her career, home, and finance. She learned technical analysis & master it. Now she is a professional trader who guides & trained others as well.
2 Kirubakaran Rajendran
An engineer by profession started the career with a 15k salary. He started trading in Infosys shares only but lost capital at the start. Then he decided to train himself and formulate own strategies and methods
Today he owns an automated trading tool “Trading Bot”, living a life which most of us desired.
3. Abhinandan Basavaraj
He started trading at the age of 19 years. He borrowed money from his brother & friend. However as in most stories he also faced losses in the beginning. Then he opted for training & enrolled in the stock market course to learn technical analysis. Today he is a successful trader and setting examples for others.
There are many such success stories but they are not much published as no one want to share their magic tricks of earnings mullah from this market
- First, learn then earn
- Never trade or invest on others advice
- Always have your own trading strategy
Certainly, the share market has its own sets of risk& uncertainty but as they say, knowledge is the key to success and wealth.