Money is the backbone of a man, economy, state, nation and the world at large and for as long as the world has existed, there has been some sorts of monetary tools needed and used to foster trade relations.
Starting from the era of Trade by Barter to the Shell money(cowries,) Commodities money, Paper money and now, Digital currency.
You may dare ask and I have asked too and will ask now, "after digital currency, will there be another type of money?"
How do we make money?
Money is made through working - you get paid for services rendered and trading- buy and sell.
- Working can mean as an employee or as a freelance. You can be gainfully employed to earn or you can earn as a skilled personnel.
- Trading can be through buying and selling of physical and digital products.
So as you can see, we may be doing various other things and the world can have them in their billions, making money boils down to buying and selling or through the provisions of a service.
Financial trading.
Once this is mentioned, what immediately comes to mind is the idea of exchanging one country's money for another and for many, it is Bureau de change or Forex.
You can trade anything in the financial markets and just recently, I saw where you can actually trade Xmas.
I think the world getting digitized is making it possible for us to see how easy it can be to do business right from the comfort of our homes.
Now the question is, "what do you do for Money and is Financial trading a viable source of income?"
Yes. The answer is yes!
In money making, there is a common factor which drives our decisions and that is, the individuals appetite for risk.
Working for someone or an organization has risks so, don't get cocky thinking because you do not trade or make investments, you are at no risk.
I have been involved in financial trading and for the much I can say, it has its upside and downsides. because it is trading and you get to determine how you earn through your risk appetite."*
The financial market is tricky and has so many downsides when it comes to investing, one of such downsides is that, you are 100% definitely going to lose your money. I mean it is boldly displayed on the websites and like smoking, most of us still run towards it not minding the warning which mostly plays out in our first days of trading,
Financial trading is sweet and cool when it goes our way but it can be nerve racking when it isn't. You can go from being that cool guy to being that stark raving mad guy seeing how your plans just goes crashing down on you.
If you don't trade the markets, it is okay and I think you are better off not getting to now the heartaches it can bring and the hole it may drill in your pockets (when it goes wrong).
With the world becoming increasing a "stay at home type", lots and lots of people are seeking ways to generate income and Forex trading seems to be first choice.
I will from time to time share my thoughts on this subject.
Gif source.