About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Stock Day Trader
Startup Costs: $2,000 - $10,000
About
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? Yes
Consider investing in this business if buying and selling is your specialty.
Business Overview
With the advent of the internet, an entirely new homebased self-employment opportunity has surfaced. This business has the potential to generate six-figure incomes for everyday Americans who become day traders of stocks and commodities. However, this opportunity certainly has a risky downside, as the potential is as great to lose money as it is to make it--especially for the novice and inexperienced trader. The key to successfully earning an income as a stock day trader is to gain as much knowledge about the industry as possible. Specialize in a specific type of stock or commodities trading, have considerable investment capital to get rolling, and most importantly nerves of steel and an understanding of what goes up must come down. Remember, most day traders go for short gains, buy in early and sell out the same day. Holding overnight is too much risk, especially for heavily invested traders in unstable market conditions. Of course remember the golden rule of stock and commodities trading: “never risk more than you can afford to lose.”
The Market
People who want to hire someone to manage their stock portfolios
Related Articles
How to be an Information Consultant
Captain Information to the rescue! OK, you probably shouldn't put that on your business cards, but clients will recognize your heroic powers of research when you start an information consulting firm.
How Do I Start a Business?
You know you want to be an entrepreneur—now find out what it takes to really get going.
Browse Business Ideas by:
|
Search Business Ideas by:
Required
Select Category:
Required
About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Select Startup Cost Range:
About costs
|