The Internet has opened up a wealth of opportunities for those with drive and vision. Naturally, some of these will represent short-lived trends while others are a viable means to enjoy sustainable wealth over time. One such area which has enjoyed a great deal of attention concerns the rise of the Forex markets in terms of home-based trading. Many feel that this could be the future of the proverbial “side hustle”. This is indeed the case and for those who are keen on delving into a rewarding industry, it is important to understand the reasons behind such an observation.

A Case Study: Bill Lipschutz

At one time, Mr. Lipschutz was a successful equities broker; garnering a good deal of money in a relatively short period of time. After losing all of his initial investments, he chose to venture into the Forex markets through a home-based trading platform. Since then, this icon is known to make more than $300 million dollars within an average trading year. This example clearly illustrates that there is a great deal of money to be made with home-based trading, but why?

Flexibility

The most beneficial aspect of home-based trading is the fact that positions can be executed at the discretion of the trader. These markets are available 24 hours a day and therefore, there is no set schedule in terms of involvement. Also, this is a perfect “side hustle” due to the fact that it can easily be moulded around a current work or family schedule. The same can rarely be said for other ventures.

No Middleman

One of the most frustrating aspects of past investment opportunities was that the middleman would take a substantial amount of one’s profit. Electronic trading platforms have all but eliminated this downfall. It is now normal for any commissions to be directly included in the spread. The trader will know exactly how much he or she has to gain with every position. As these very same commissions tend to be low and there are numerous bonuses available when dealing with companies such as CMC Markets, the appeal of online investing becomes clear.

Intuitive Trading Platforms

Only a handful of years ago, the number of electronic trading platforms to be utilised was rather slim. Thanks to the evolution of technology and high-speed Internet, there are now countless different variations; each suited to the unique needs of the individual trader. Most are user-friendly systems that require only a minimal amount of time to learn. A reduction of this learning curve signifies that even novice home-based traders can enter into the markets within a relatively short period of time.

Low Minimums

Assets such as currency pairs and CFDs are notably different from other sectors. The minimum amount required for an investment is very low. This feature is able to accommodate even the most limited of budgets. When one considers the spot price of gold or a share in large companies such as Google or Apple, this advantage suddenly becomes clear. When we combine low minimums with the power of leverage, one does not have to uncomfortably stretch personal limits in order to enjoy potentially lucrative rewards.

It is likely that 2016 will continue to be a red-letter year in relation to the power of home-based trading systems. As more and more individuals are now appreciating what such strategies have to offer, we should fully expect this sector to remain a popular alternative for those who are not satisfied with a traditional “9 to 5” employment position. The sky is no longer the limit.