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In my experience, there are only 3 ways to become a multi-millionaire:
- Trading Stocks and Options
- Investing in Real Estate and
- Running a Successful Business
Personally, I am doing all three, and trading stocks and options is my personal favorite.
In this article, I will reveal why trading is the best business in the world!
Before I explain why trading is the best business, let’s talk about the difference between “trading” and “investing.”
Trading Vs. Investing
When I ask people if they have been trading before, they often say:
“Yes, I bought Apple 2 years ago, and it’s doing well right now.”
THAT is not trading.
THAT is investing.
Here are the main differences between trading vs investing:
Investing
Long-term approach, often holding a stock for years
Entry based on “hot tips” or “gut feeling”
Decisions based on emotions, often “hope”
No exit strategy, often exiting when it “feels right”
Make money when the market goes up
Concerned with the overall economy
Trading