Fellow traders can help. Feel free to correct or share more information.
As per statistics only 5% traders make consistent profits. It takes anwhere between 3 -6 years for trader to become consistent.Some may take more time.
Till those 3 to 5 years traders may not only have income but may loose money. So hes loosing some money in markets and spending money on day to day expenses. So capital loss.
A trader has good knowledge on technical analysis, price action, best broker, trading platform, fundamental analysis, finance news, company information, global news, logical mind and other
important domain knowledge.
How a trader can make some money while hes learning?
1. Becoming a mentor: Saint started TSF.Munde_77 trains So can we. What would be difficulties here
2. Making software : Programmers can make some programs which doesnt exist which will serve fellow traders needs and charge a small fee. We have many RTD and other free apps here. Small fee
software
3. Becoming a sub broker : For motilal oswal, nirmal bang and others. Mostly all brokers have this program. Enrol customers with broker and make some income. Even zerodha provides some cut for
refering customers. Also provide customers with some tips. Manage his money
4. Provide tips service : Sebi has made it difficult.
5. Promote other services: Promote other brokers/ softwares or services and earn a commission
6. Work with funding companies: Topstep trader for US markets, asiatic for nse
7. Collect funds from non finance guys and trade on their behalf and take portion of profits
As per statistics only 5% traders make consistent profits. It takes anwhere between 3 -6 years for trader to become consistent.Some may take more time.
Till those 3 to 5 years traders may not only have income but may loose money. So hes loosing some money in markets and spending money on day to day expenses. So capital loss.
A trader has good knowledge on technical analysis, price action, best broker, trading platform, fundamental analysis, finance news, company information, global news, logical mind and other
important domain knowledge.
How a trader can make some money while hes learning?
1. Becoming a mentor: Saint started TSF.Munde_77 trains So can we. What would be difficulties here
2. Making software : Programmers can make some programs which doesnt exist which will serve fellow traders needs and charge a small fee. We have many RTD and other free apps here. Small fee
software
3. Becoming a sub broker : For motilal oswal, nirmal bang and others. Mostly all brokers have this program. Enrol customers with broker and make some income. Even zerodha provides some cut for
refering customers. Also provide customers with some tips. Manage his money
4. Provide tips service : Sebi has made it difficult.
5. Promote other services: Promote other brokers/ softwares or services and earn a commission
6. Work with funding companies: Topstep trader for US markets, asiatic for nse
7. Collect funds from non finance guys and trade on their behalf and take portion of profits
Alternative income for a trader
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