Do you ever get the feeling of déjà vu? Lockdown 2.0 officially comes into force tomorrow and is (officially) expected to last until Wednesday 2nd December; don’t forget that when the first lockdown was called the Government claimed it would only last for 3 weeks so when this one will end is still very much up for debate.
Nevertheless, many employees are now working from home or continue to be furloughed and are finding themselves with a lot of free time on their hands. If you’re not currently working, have lost some of your income due to furlough or you’ve been forced to close your business premises you may rightly be concerned about your personal finances.
However, what you’ve lost in income you’ve now gained in spare time and this second lockdown could be the perfect time to explore those ideas that you’ve put on hold for so long due to your busy schedule. Whilst finally fitting that shelving unit or blowing the dust off that ‘Italian Lessons for Adults’ CD-ROM are not without their merits; wouldn’t it be great to learn a skill that can generate an income for your family even when you’re trapped within the confines of your home.
Benefit 1: Earning Income From Trading
I think we can all agree that 2020 has been a very weird year. The novelty of fancy dress Zoom quizzes with your friends has long worn off and, alongside ‘wallet, phone, keys’, a facemask is now firmly in your leaving the house checklist.
Alongside Covid-19, we’ve got Brexit, flatlining interest rates, the US elections and the ongoing trade wars with China making the financial markets more volatile than ever. Whilst these issues may seem scary to the casual viewer of the news at 10, it is actually the perfect time to learn to trade and profit from all this uncertainty.
As experienced in 2008, recessions increase volatility and you may have seen that the financial markets have already taken a massive hit. Again, to a layman, this can seem a worrying prospect, however, provided you know what you’re doing and, importantly, you manage your risk it is very possible to make money from this set of economic circumstances.
You might be thinking ‘I’ve seen Wolf of Wall Street, I don’t think trading is for me’ or “I’ve always wanted to try trading, but I hear it’s really difficult and complicated”. With the proper education from experienced Trading Coaches, our specialist trading software and thoroughly back-tested strategies, if you apply yourself then with time anyone can be a successful trader. Believe us, we have students from all walks of life and with wildly different personalities – anyone can learn how to trade!
The major benefit of trading, obviously, is the financial reward you receive from your new hobby (possibly career). You’ve no doubt seen some YouTube ads of slimy Gordon Gekko types or bearded, wunderkind hipsters promising to make you a millionaire through trading. Whilst it’s true that some people can do staggeringly well trading the markets, the truth is you probably won’t be driving Ferraris to mansion pool parties anytime soon. Most retail traders (i.e. individuals making trades) will simply bring in a comfortable second-income with their trading profits. As trading accounts and experience grow however, we’ve had many students who now cover all of their outgoings solely through trading; either packing in their usual 9-5 or simply not needing to find another employer following a redundancy.
This obviously depends on your monthly expenditure but does go to show that it is very much achievable and made even more so by the fact that income through trading is exempt from tax; no national insurance to pay, no 20/40/45% of your paycheck gone. If you’re in the UK and you’re trading using a spread betting account then any profit you make is totally tax-free. So not only are you earning money through trading, either as a primary or secondary income, but if you choose to do it for a living you don’t even need to earn as much as your current job to keep enjoying the same lifestyle as you do now.
Benefit 2: Precious, Precious Time
Those of you who have been working from home since March will not need to be told how great avoiding the rush-hour commute to work is. I’ve not done an official study but I imagine the people who miss being thrust into a stranger’s armpit on the Tube at 8:45am to be firmly in the minority and I’ve yet to meet anybody enthusiastic about driving at 10mph. Not only have you reduced your carbon footprint by not commuting but you’ve also gotten up to 2 hours of each of your weekdays back. Maybe you’ve been spending that extra time catching up on sleep, going for a jog around the block or just spending more time with your family.
Now imagine if you could claw back even more of your Monday to Friday time. This is second biggest appeal of trading; a more flexible schedule and more free time. This freedom you have with trading is incredibly precious; there’s no need to be glued to your screen all the time as spending as little as 30 minutes a day watching the markets and putting in trades can bring you a nice regular profit. What’s more many markets are at their most volatile first thing in the morning, allowing you to make your daily money target and then spend the rest of the day doing the things that you love!
Learn to Trade with Trading College
Throughout the last lockdown and all the way through this one, Trading College hasn’t missed a beat. By adapting virtually early on, we have been able to continue providing the high level of education our students had come to expect from us since before this pandemic. All of our coaching and classrooms are delivered completely online, either individually or as a group. We even managed to fit in a couple of socially distanced in-person events during the summer.
If you want to learn how to trade the financial markets, are interested in learning a new skill for the future or simply want to make create a second income, we’re here to help.
We regularly run a free 2-day beginners’ course, Learn To Trade Online, and provide webinars dealing with a wide range of market topics. These courses are perfect for anyone new to trading and introduce you to some of the terms used and the specialist software, scanners and services that we provide.
For those that want to take the next step, we also have premium courses on offer, which are catered to those who are serious about starting their trading career. These include The Momentum Trader Course, Pro-Trader Programme and the Mentorship Programme. These extensive training programmes come with Trading College’s signature software, the Pro-trading System, and several market scanners as well as varying levels of individual support and tutorship from our skilled Trading Coaches.
With an excellent community of traders and a comprehensive online course, our Pro-Trader Programme is by far our most popular training course and has seen many students go on to become profitable full-time traders. Our Mentorship Programme meanwhile offers you a bespoke educational experience with 1-to-1 tutorship with your own personal Trading Coach.
No matter how much more free time you have to play with, whether you’re working full-time with no commute, or you’re not working and have the whole week to fill, now is the perfect time to learn to trade. Learn a new skill that can provide a second income and become financially independent with the help of Trading College.
Take the First Step Toward Your New Trading Career
Lee Sandford is qualified at The Society of Technical Analysts, having passed his MSTA and CFTe with flying colours. To see Lee and our other Trading Coaches use technical analysis, follow us on Facebook to see our live market update videos. We have courses available to suit absolute beginners all the way up to practiced retail traders who are looking to improve the consistency of their trading returns through one-to-one mentorship with one of our experienced training coaches. If you’re completely new to the world of trading, why not sign up for our Learn To Trade Online 2-day introductory course – it’s completely free and a great way to get to know the basics!
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