2021-03-17 10:15:52
Are you treating trading like a real business or just another side hustle? If you want to go beyond random trades and impulsive decisions, it's time to shift your mindset.
Trading as a business requires discipline, strategy, and the right tools to stay ahead of the markets.
Whether you're into forex, stocks, day trading, or swing trading, a structured approach can make all the difference.
From setting up a solid trading plan to managing risk effectively, every decision shapes your long-term growth. If you're ready to start a trading business and take control of your financial future, it starts with understanding the key principles that successful traders follow.
In this blog, we’ll walk you through how to start trading with purpose, optimise your trading account, and build a routine that keeps you focused.
Let’s dive in and transform the way you trade.
Many traders treat trading like a hobby. That mindset leads to failure. To achieve success, you must view trading as if you're running your own business.
Like any new business, you're trading requires a plan, structure, and disciplined execution. Without these elements, your trade business will fail before it begins.
Professional traders follow a structured business model. They develop a business plan, allocate trading capital wisely, and implement strong risk management.
Every trade is part of a larger strategy and involves real money. To start trading seriously, you must think like a business owner with a clear business plan.
Building a trade business requires planning. Here are key components for ensuring you're set up for long-term success:
Set clear financial goals.
Define your trading style—day trading, swing trading, or position trading. Or you may want to include Expert Advisors or Algo trading as part of your trading style.
Establish risk management rules for every trade.
Keep trading within a set budget and monitor your income and expenses.
Open a dedicated business bank account.
Never trade with money you cannot afford to lose.
Selecting the right broker, like ACY Securities, will make a big difference in your trading business.
Trade with an ASIC-regulated broker offering spreads from zero pips, commission-free trading, deep liquidity, and fast execution.
Access MT4, MT5, and LogixTrader, giving you the flexibility to trade your way.
Take advantage of expert trading tools like Copy Trading, MetaTrader Scripts, Capitalise.ai, Forex VPS, and a 30-part training webinar series to enhance your trading experience.
Invest in professional trading software.
Automate trades with algorithms if they fit your trading style.
Utilise market analysis tools for real trading insights.
Always research the best trading business structure that suits your needs.
Keep business finances separate from personal funds for clear accounting.
Store your trading statements in a folder, but remember you can access them from your MT4 or MT5 trading platform.
Success in trading isn’t about a single trade using luck. It’s about disciplined trading and consistent execution.
Here are the key trading strategies that help you keep risk low with the greatest potential upside:
Not everyone is cut out for trading.
Numerous traders plunge into the market without a well-defined strategy.
They trade emotionally, make or break their accounts quickly, and walk away with losses. The ideal candidate for a successful trade business has:
Understanding that trading is a long-term commitment.
Treats it like running a business, with a professional mindset and not just a hobby.
New traders often make critical errors that can end their journey before it truly begins. Avoid these common pitfalls:
Every business needs structure. Approaching trading without a clear strategy is a surefire way to encounter significant financial setbacks.
Too much leverage can wipe out your account. Keep risk under control.
Fear and greed ruin trading performance. Stick to your plan.
Once you establish yourself as a trade business owner, expansion becomes the next step. Here’s how you can grow:
Experienced traders offer mentorship and trading courses.
Teaching others helps solidify your trading knowledge.
Explore different types of markets beyond forex.
Consider stocks, cryptocurrencies, and commodities to maximise returns.
Would you like to make trading your business? Trading is one of the most unique businesses in the world. But it is important to understand the key elements needed to build this into a true business, instead of a part-time hobby.
Click play on the video below to watch the training.
To start trading seriously, you must think like a business owner. Every decision you make must align with long-term success. Develop a trading plan, manage risk effectively, and treat every trade as a strategic move.
Trading as a business isn’t for everyone, but those who commit to discipline, education, and structure have the best chance of success.
The first thing you need is a plan. The next step is taking action.
With ACY, you have access to over 2200 instruments, benefit from lightning-fast execution, and can start your trading journey with as little as $50, choosing between our MT4/MT5 or LogixTrader trading platforms.
Plus, enhance your skills through live weekly trading webinars hosted by our expert team of analysts, or download our latest eBooks here.
Open a live account today and experience the ACY advantage.