Are you an average Day Trader, or a pro?
This is the harsh cold reality folks: The majority of beginners to day trading never make any significant money, and almost always end up going bust in the end.
With this in mind, should you forget about your day trading dreams and go find something else to do?
Well, not quite, as there are a small percentage of firms and individuals out there who make big money from day trading. The key to making this big money is do the opposite of what the majority of other traders are doing, and follow a long term strategy that has been proven to be profitable.
Unfortunately, not many people do this, which is why they go bust and get frustrated.
So just what is the average income of a day trader? In fact, it’s actually impossible to really know. You see, there is such a large gap between successful day traders and unsuccessful day traders, that there is no way to really arrive at an average number.
But who needs to know what the average income of a day trader is anyway?
At the end of the day, you can make a lot of money working as a day trader, which is way into the 6 or 7 figure a year bracket. Plus, this can all be done from the comfort of your own home, where you are your own boss and in control of your financial destiny.
Day trading firms
Maybe the thought of working for yourself scares you, and you much prefer the security of a job? If that’s the case, then if you are good at day trading and can show real results, then you should have no problem in getting a job with a hedge fund or investment bank.
A recent survey in the USA suggested that an average day trader salary for junior employees at these kind of firms was approximately $200,000. However, this does not factor in things such as bonuses and other performance based rewards, so the real number is likely to be much higher.
Let’s put it this way…if you are a good day trader and working for yourself is not for you, then you can still make a well above average income in the world of day trading.
Fast and easy profits?
Perhaps you don’t care what the average income of a day trader is, and instead, you just want to make some fast and easy profits from the comfort of your computer? After all, day trading is a piece of cake…right?
Well, not quite. If this is your mindset then you will almost certainly end up frustrated and disappointed. Sure, you might hit it big right off the bat, with no real experience or knowledge, but you probably have a better chance of winning this weeks lottery.
In reality, you will most likely have to lose money first, as you gain experience and develop a winning day trading strategy. This doesn’t sound very appealing to the majority of newbie day traders, which is why they will never experience a big day trading income.