Do You Have What It Takes To Be A Trader?

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Trading is a career path that is appealing to many – especially thanks to the success of TV shows and movies like Billions and The Wolf of Wall Street. From the outside, it can seem like anyone can become a trader – but in the same way that not everyone can become a doctor – becoming a trader might not be the right move for you.

Take a look at some of the traits needed to become a good trader to see if you have what it takes to make it in the industry.

Are you good at math?

You can dance around it all you want, but if you’re going to be a successful trader – there has to be some mathematical ability there. While there are automated trading tools and other applications that can make the trading process simpler, you still need to be able to input the data to be able to use them effectively. Traders are also very analytical in their thinking, so good problem-solving skills are also a must.

Can you handle the pressure?

Trading is a stressful game. The markets can change unexpectedly and cause huge losses overnight – while unpredictable events such as election results, natural disasters and terrorist attacks can affect market prices. Being able to see these things through with a calm and level head will make you a more confident trader, one who can see beyond the obvious and make informed decisions. It’s worth testing out your capabilities using an online stock simulator to help you see if you can handle the pressure of being a trader before you start using real money.

Do you know how to stop?

Knowing when to get out can make the difference between a bad trader and a good trader. Good traders know how to make plans and how to stick to their exit point. If you’re too much of a risk taker, this could work against you and cost you a large chunk of your profits. Taking a sensible approach to trading is important, so you’ll need to learn how to practice self-restraint if you’re going to make it as a successful trader.

Are you ready to reap the benefits?

Becoming a trader is an attractive career choice because of the benefits it offers. The earning potential, as well as the prestige that comes from working for some firms, can be very appealing to those looking to make a decent living. However, it’s not all good news, and the stress and uncertainty that come with the role might mean that it’s not necessarily the way forward for you. Remember that other things such as a healthy work/life balance are also important, so don’t be afraid to explore other avenues if trading isn’t the one for you.

If, after reading this, you think you’ve got what it takes to become a good trader, start doing some research. Getting as much information as you can about trading will give you a strong foundation and help give you the best start to what can be an exciting and profitable career.

What Is Behind A Healthy Work/Life Balance?

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When the modern workforce never stops claiming the right to a healthy work/life balance, too many companies continue to misinterpret their demands. Indeed, there is as much a need for healthy behaviour, as there is for a balanced home and work life. In other words, a healthy work/life balance is the combination of three elements that influence the wellbeing of an individual: health, home and work. The delimitation of each factor blurs into the next one so that it’s not uncommon for employees to blame their company for health or home-related issues. In other words, when dealing with the protection of this essential human balance, it’s crucial for companies to take steps that go beyond the realms of the workplace. Indeed, businesses that offer on-site health and relaxing services, or that provide their teams with discounted home offers – whether it’s about equipment, services or entertainment that can be relevant in the home environment – show a deeper level of understanding of their responsibility in the health and happiness of their employees.

The ability to relax

When it comes to your health, sleep is just as important as following a balanced diet. Indeed, when you rest, your body can maintain your immune system and ensure that your mind stays sharp and acute. But when you’re too stressed out to sleep, your mental health can rapidly degenerate. According to eh national College Health Assessment Survey, 15.8% of college students suffer from anxiety which keeps them awake at night. it’s likely that the percentage of anxious individuals is much more significant in the workplace. Employers need to consider new options to facilitate relaxation at work, such as meditation room or even noise-cancelling facilities. As stress is the number one health issue in modern companies, ignoring the situation can only cause more issues for your team.

The potential to build a home

While it isn’t your role, as an employer, to provide a home for your staff, it’s your responsibility to ensure that your employees have access to the essentials facilities to maintain their home. At a basic level, this means that you need to ensure fair pay on time and to limit overtime as much as possible. But you can also through perks support employee home life with discounts on appliances, and recommendations for an industrial waste management company like Instant Waste Management – which is helpful for anybody making home improvement works – or a professional financing advisor. If you make it easier for people to manage their home – whether they’re looking to buy, improve or simply refurbish – it means that they can be more focused on their work during the day, hence reducing overtime, stress and personal issues.

A satisfying job

Finally, the last element of the employee’s trinity is job satisfaction. Naturally, money is a key element of satisfaction, but it’s not the only one. The opportunity for growth through job crafting and improved internal relationships can make a great deal of difference. While your employees need to find meaning in their tasks, your role is to guide and help them to develop their skills.

In conclusion, there’s more than just a job behind the complaints about healthy work/life balance of Millennials. For employers, it means changing the way they think about work significantly.