Hey there Diana here from dianagracethompson.com Empowering Entrepreneurs To Build Wealth Online. I appreciate you for taking the time to listen to what I have to say. My intention is to build as much value as I can in a way that you can understand.
Today I want to talk about trading which is the #6 revenue generating genre in the home based business industry.
For me personally trading gives me a headache and it’s simply because I don’t understand it and have never done it. I’m just doing this article to educate on what it is and how it works.
Trading is the act of engaging in trade. A trader is person or entity, in finance, who buys and sells financial instruments such as stocks, bonds, commodities, derivatives, and mutual funds in the capacity of agent, hedger, arbitrageur, or speculator.
What is trading and how does it work?
A broker is simply a person who is licensed to trade stocks through the exchange. A broker can be on the trading floor or can make trades by phone or electronically. An exchange is like a warehouse in which people buy and sell stocks. A person or computer must match each buy order to a sell order, and vice versa.
When it comes to the home based business industry Is Day Trading considered self employed?
If day trading is your only occupation, your earnings are not considered to be earned income. This means that day traders, whether classified for tax purposes as investors or traders, don’t have to pay the self–employment tax on their trading income.
Here is one popular company that I’ve seen and had clients involved in that is centered around trading. iMarketsLive is a provider of Forex trading education and signal services for the traders.Definitely due your research and mirror and model someone who is having success.
Trading stocks as a home business can help a person gain financial and lifestyle independence. While trading does offer lifestyle flexibility and perhaps unmatched financial returns, it also comes with substantial financial risk. If you are considering trading for your livelihood, you need to properly establish yourself with the resources and mindset. Like any business, preparation and planning are essential for success. Defining yourself as a day trader on your tax returns allows you to take advantage of higher losses in your business, according to the IRS.
Thanks for watching and look for more content from myself pertaining to internet and network marketing.