Advance your Career & Take Control of your Finances

Nov 20, 2016 Written by LAT Staff

Maybe you enjoy your current job but you would like to earn a bit more money? Or perhaps your job is a bore but you don’t know how to get out of your current industry and into another? Maybe you have a passion for financial markets and trading, but you don’t know how to take that step towards changing your career or perhaps starting to trade for yourself?

The first step is to understand as much as you can about what you want to do, and the best way to do that is by learning from people who are already experts in that particular field. It is said that knowledge is power, but many people lack the motivation or energy to actually do anything about increasing their own knowledge or understanding of new subjects or industries, even though this new awareness may ultimately deliver huge personal benefits in the future.

A recent study by the U.S. Bureau of Labor Statistics stated that a growing range of financial products, coupled with a need for in-depth knowledge of geographic regions, is expected to lead to strong employment growth in the finance sector in the coming years. As with other managerial occupations, jobseekers are likely to face competition because there are generally more applicants than job openings. From 2014 to 2024, the U.S. Bureau of Labor Statistics estimates that employment of financial managers is projected to grow by 7%, employment of securities, commodities and financial services sales agents by 10%, and employment of financial analysts by 12%, faster than the average for all occupations. Also, demand for investment banking advisory services and commodities trading are likely to create further strong employment growth, and candidates with a relevant Masters Degree or certification will be best placed to enjoy the best job prospects.

If you’re looking for an additional source of income while staying in your current job, then the same “knowledge is power” statement applies. Trading financial markets can be extremely profitable, but you need to understand the finance industry, and particularly you need to acquire specific trading skills in order to manage your risk and control your emotions. An understanding of fundamental and technical analysis will enable you to build a structured trade plan for yourself, but an understanding of trading psychology is probably the most important attribute for successful traders. As with a potential career change, the best way to learn is from the experts who can provide advice and feedback on your trading performance during the learning process.