PASSIVE INCOME

 

To make money while sleeping. Hmm….sounds interesting. Well this is what we call as passive income.

We all grow up learning and pursing our careers in different fields to earn a living ,which we call as active income. As this is the major source of income for us.

Passive income provides us another source of income which we get without doing any work actively. This helps us generate revenue while we our not actively participating on any job or work.

It provides us work on our passion and in reality it provides us TIME which we don’t have while actively working.

We can use our time as our own and enjoy holidays and be our own boss.

It is a way which many people consider as a road of early retirement.

AS THEY SAY LET MONEY WORK FOR U.

But it is seriously possible.

Well here we are going to discuss some of the ways by which we can generate an another source of income except from our day to day job.

With internet in our hand and remote working many people have found time to devote themselves to new ideas to work and life.

One of the source of income which people prefer with their jobs is intraday trading, which we are going to discuss in this blog.

Intraday trading is a trading in which people trade stocks in a single day.

Many people become part time traders as it is a very good source of income beside their job. All you need is knowledge of stocks and good computer with internet. In long run if you find it fruitful ,you can be a full time trader as well.

Intraday trading can give us very good profit or return, if we first learn and then try to earn. Without proper knowledge trading can do you no good.

Youtube and internet is where you can start with your journey. As they say good things take time.

There are many dummy accounts or simulation softwares which can provide you the stock trading environment or let you trade in stocks without investing your own money.

Once you start with your trading journey start with a small amount ,which you can afford to lose and also with the analysis of the company and market.

There is risk vs reward method by which you determine the amount to invest and earn money. The risk should be less than the reward.

Other than that also compare the charges which your broker overall takes and also the taxes, this will surely have an impact on your overall earning.