Stock Trading While Traveling
By Richard Capuro, September 30, 2016
If you have ever wondered how to make a living trading on the stock market, and at the same time enjoy the benefits of travel, whether for business or pleasure, then you are not alone. Stock trading at any time can be difficult, but stock trading while traveling in the United States or overseas is not easy, but can be done with the right plan.
Preparation and Knowledge
Preparedness is the answer, and this can be accomplished by knowing the internet structure of the area of the United States or other areas of the world one is traveling to.
If you are a day trader you will need high speed and easy access to your trading program partner. If you travel to Nepal, this may not be possible, but in Europe it can be accomplished without difficulty. There are also many areas in the United States that access to high speed internet is not possible, but generally this would only occur if your trip included remote travel for pleasure, and not business.
How well do you understand the complexities of the program tool you are using? It takes time, and money to find the best trading techniques that suit your personality and knowledge. If you are traveling for business it becomes important to understand the time limits you may have with the market you are in.
For instance, when in the Pacific time zone you are already hours behind the opening and closing of the North American stock market. As long as your work involves travel to far away places, this may not be the best opportunity for trading while traveling. On the other hand, there are other markets, like the Forex and NADEX that trade on a 24 hour basis and can fit in nicely with your leisure time.
Independence and Travel
Ultimately your objective should be to make enough money trading to be completely on your own. Many independent traders (single or married), started out while working for others, and fit their trading schedules into the business schedule while traveling or at home. Once you have achieved the skill level needed to be a successful trader, you can be anywhere in the world, and enjoy the freedom that comes with being monetarily independent. Utopia maybe, but sure worth the dream if you can do it.