Staying at home with the kids can be a wonderful time in your life, but you can of course miss certain aspects of the working world – for instance making money independently and being involved in more ‘grown-up’ things and conversations during the day! For many stay at home moms, then, finding a hobby that gives them a chance to make some money can be a great idea, and if it is also a hobby that requires them to learn some interesting new skills and stay on top of news and current affairs, then all the better!
Financial trading is a perfect example of this, and is something you can do quite easily online from home during the times of the day when you are not too busy with the kids. Here are some examples of the types of trading you can do online, and why they can be especially interesting:
The Stock Market
The stock market is the most commonly known market for trading, and this is where you invest in businesses. This can be a good place for longer term investments, but you can also make profits by being able to identify when business or political trends will influence a company’s value – as well as by knowing what the current strategies of the businesses you invest in are and whether these are likely to lead to expansion. As an example, investors in Health Insurance Innovations have seen their stock rise in price in the past year due to uncertainty about how the healthcare market would change under Trump.
Foreign Exchange (Forex)
Forex trading is something that has become popular as online and mobile trading has become something anyone can do. Here, you try to profit based on the fluctuations in price of different pairs of currencies, for example the US dollar against the euro, the UK pound or the Japanese yen. Being good at forex trading means paying attention to politics around the world, and macroeconomic events. If you are someone who misses discussing important global things like Brexit or the North Korea crisis while you’re at home with your kids who’d rather talk about Dora the Explorer, you may find forex a fascinating thing to get into.
Contract for Difference (CFD) Trading
A third way to get into financial markets is to trade CFDs online. This is where rather than buying currency or shares, you instead try to predict whether the prices on a given asset will go up or down within a certain time frame, or whether major share indices will finish above or below a certain value. This can be a good choice if you don’t want to limit yourself to one market, as you can work with currencies, stocks and commodities all within the same trading platform.
As you can see, there are some great reasons why SAHMs can enjoy trading, and if you work on your analysis skills and stay on top of the news, you can also stand to make money doing this.