Off course. If you obtain the appropriate education, training and practice, you have a greater possibility to succeed as a day trader and treat trading as a career. However, I am not suggesting that you leave your regular job or career to start this right away.
Start slow. There is no need to rush into anything. Rather than risking everything by assuming that you are definitely going to be a successful trader, you could open a trading account while you remain at your current job or profession and see how it goes. You don’t really need much money nowadays to start trading actively. That’s if you are willing to trade the largest financial market in the world: Forex or foreign exchange.
You can trade currencies by opening an account with just a few hundred dollars. This is a great way to test the waters before jumping in. On the other hand, if you want to actively trade US stocks (the most common and most liquid) instead, you realistically need to start out with at least $30,000 This high starting capital requirement puts stocks out of the reach of most small traders.
Besides, currencies (as you will read on this site) offer many more advantages than stocks for traders. So,before you leave your old job and start your new job buying and selling Euros, British Pounds, and Swiss Francs, be like the turtle – slowly but surely wins the race.
If you ever develop into a great trader, we might allocate funds to you via our career program. Click here to learn more about it.
You can also read my detailed article, “Is a Trading Career for You?“, which discusses more information on what a career in trading involves, the traditional ways to get a job in this field, and the “Self Journey” to becoming a trader.