Can you earn a living from trading stocks and shares? - with Koroush Khanegah of Market Meditations

Change Work Life

#104 - Koroush Khanegah explains how you can make money trading and why it’s not always as easy as social media makes it out to be.
What you'll learn

• [1:41] The businesses Koroush has and how he helps people enter the cryptocurrency market.
• [2:38] How Koroush got into trading and started to make a consistent profit from it.
• [4:32] The difference between trading and investing.
• [5:55] The difficulties involved with making money through trading and why there’s such a low success rate.
• [7:10] The type of assets individuals can trade and why crypto markets provide a unique opportunity.
• [9:52] Why it’s important to specialise in a specific market.
• [10:47] How to choose which market to specialise in and why immature markets have so much potential.
• [13:24] The different types of trader and the skills you need to succeed in this world.
• [16:07] The maths a trader needs to know.
• [17:17] The importance of having the correct mindset when trading.
• [20:23] Where you can learn trading fundamentals and strategies for free.
• [22:42] The personality types that are most likely to succeed at trading.
• [24:27] The solitary nature of working as a trader.
• [26:22] How having a mentor can help you avoid mistakes and progress faster.
• [27:20] The advantages of part-time trading and how much money you need to get started.
• [29:17] Actions you can take to minimise your losses when starting out.
• [31:54] Other opportunities in cryptocurrencies outside of trading.
• [35:33] Good entry points to start learning about creating passive income within crypto markets.

Resources mentioned in this episode (some of these are affiliate links and we may get a commission in the event that you make a purchase - this helps us to cover our expenses and is at no additional cost to you):

• CoinMarketCap
• Karoush’s YouTube Technical Analysis Course For Beginners
• Trade Your Way to Financial Freedom, Van K Tharp
• Alameda Research
• Market Meditations Passive Income Guide
• DeFi Dad YouTube channel
• Episode 3: I know I need to change career, but where do I even start? – with Tom Harris of Tom Harris Coaching

For the show notes for this episode, including a full transcript and links to all the resources mentioned, visit:
https://changeworklife.com/can-you-earn-a-living-from-trading-stocks-and-shares/

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