It is a type of mysterious question that has no definitive answer. Trading can be done to survive in life, but this is a difficult task. For stock trading, a very specific skill set and risk tolerance are required, which most of the people do not have. There are a lot of people who have selected this path for a living but it does not apply to everyone. It is attractive to listening but in reality, it is a very challenging task for everyone.
If you are able to do trading for a living successfully means you have achieved the level of excellence in trading, which is the dream of most of the people but the truth is that it cannot be obtained easily by everyone. For this, there is a great need for patience and tolerance in the people. There are the lots of difference between the reality and truth. For example, be an actor or an award winning actor and watching a match on TV or live on stadium etc.
Living on the basis of trading is not just simple because the stocks in the stock market can be up and down at any time. The successful life style with trading also depends on what types of trading you are doing. There are also different kinds of risk, which can sink your money and on another hand, it can make you a millionaire. It all depends on your types of trading and investments.
Trading is a platform which is used for additional profit. In trading, you can earn more money compared to doing a job. For this you would have to prepare mentally and financially for profit and loss as well. It is packed with up and down therefore economically tight people cannot do it for their living.
If you want to do trading for a living while knowing its challenges then you should process in this sequence: you should have a sound trading method, which takes advantage of instability while keeping risk management as its main principle. Ideally, this method should be tested over time, in all different market environments with real money.
After this, if you want to put your precious time in trading and want to educate yourself on everything related to trading then it must be ensured that you become a trader and not an investor. To become a good trader, you can choose different types of paths like you can read books related to trading, can be aware of daily actions of the stock market through news, you also can read articles related to trading, can get help from experienced person or you can educate yourself even through a trading Institute.
When the goal is to make a living with trading then it is a reliable and consistent revenue stream but it can take the time to get or achieve it. In such case, tolerating the daily fluctuations of your income can be difficult for you. So, here you need to ready for it before implementing.