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The Best Day Jobs for Traders

Posted by BluFX


Day Jobs Traders

We've all heard the saying, "if you have a job you love, you never have to work a day in your life." But if you are transitioning into full-time trading, it can be hard to work a job while building up your trading account.

It's important not to cut yourself off entirely from a reliable income source. That way, if your trading career doesn't work out, you'll still have something to fall back on. However, working long hours isn't always sustainable for healthy traders. So - what’s the answer? What are the best day jobs for traders?

By nature of their expertise and flexibility, part-time day jobs work great for those looking to find a job that will help you support your trading career. Here are four day job options that can fit around your trading.

Looking for tips on fitting trading around your job? Here are 5 Tips for Fitting Trading About Your Day Job>>

Read: 5 Tips for Fitting Trading Around Your Day Job ⟶

4 Best Day Jobs for Traders

Drive for a cab company

If you live in a big city, chances are there's an app that lets you drive your car as a taxi. You can do it as a side-hustle and earn. So, if you don't mind driving other people around, it could be great to start on Uber or Lyft. These services pay their drivers between 75% and 90% of their fare, which means you keep more of your money than with a traditional cab. 

  • Benefits: As a cab contractor, you may set your own hours and trade hourly pay for flexibility. The company assigns contractors a predetermined number of hours to work. You have the freedom to work as little or as much as you choose during your shift. Being your own boss allows you to trade hourly work for freedom! Most drivers start with Uber or Lyft since it is free - unlike becoming a regular cab driver. 
  • This is the best fit for you if: You already have the skills to drive, know how to use your smartphone, and live in an area where Lyft/Uber operates.

What are the best trading strategies to suit your day job? Find out how to find forex trading strategies to suit your day job>>

Become a tour guide

If you have a passion for travel, it's possible to turn your knowledge of specific regions into a paid tour guide. You can work with an established company or start your own business. If you have local expertise about attractions, restaurants, and hotels in a particular place, consider sharing your tips with other travelers through an online platform like TripAdvisor.

  • Benefits: Being a tour guide is enjoyable and well-paid. There are no scams, no late-night phone calls, and no bosses or coworkers to deal with. It can be a tremendously enjoyable career that allows you to travel for free... yeah, free trips to many intriguing destinations! With these part-time jobs, you may make a fortune from your passion for travel or change your hometown through tourism. 
  • This is the best fit for you if: You have a knack for conversation, a good sense of humour, and a passion for your local area.

Looking to see the world this year? Read 4 of the Best Places to Travel and Trade>>

Freelance writer or virtual assistant

Freelancing is a great way to build a portfolio of business experience and potentially make some money on top of that. An excellent way to get started as a freelancer is finding something you enjoy doing and then pitching different online businesses with your skillset. If you have specific skills that aren't in demand as a freelancer, try using those skills as bartering material for other products or services.

There are several websites and marketplaces built around connecting people with these sorts of opportunities. For example, Upwork and Fiverr allow you to work remotely in almost any niche. You can sign up for an account at no cost, pitch with your skill set such as writing, graphic design, virtual assistant, accounting and bookkeeping, and more!   

  • Benefits: Freelance writing and virtual assistant jobs offer a flexible schedule and lifestyle. The job may be short-term, on demand, or part-time. There is no bureaucracy or endless hours of operation. Whether you need to create some extra income on the side or want the freedom to work from anywhere and at your own pace - there is a job for you on this list.
  • This is the best fit for you if: You have good writing skills, basic computer knowledge, and some business savvy.

Working with limited capital at the moment? Here’s how to start trading with no money>>

Working as a waiter

Working as a waiter or waitress is ideal for traders because of the flexibility in hours. You can work evenings, afternoons, or any odd hours - ideal if you have busy market schedules. Many waiters/waitresses are paid per hour, so even if the business does slow down or if the company picks up, this job can still be rewarding financially. This job also does not require any prior experience, so you don't need to spend money on extra certifications.

  • Benefits: When it comes to having a second job, the wait staff is one of the most popular options—and that's not just because restaurant servers get such great tips. It's also because working as a waiter or waitress offers many benefits: flexible hours (you can pick and choose your shifts), opportunities to meet interesting people, free food, and you don't need any specialized training since employers provide on-the-job training. You can also consider bartending gigs since they are usually more structured than waiting tables—meaning they often come with benefits like health insurance and paid time off.
  • This is the best fit for you if: you have a lot of patience and the ability to make small talk with large groups. Being a waiter or waitress can also be ideal if you've been playing the market for some time and still have the energy to shake the hands of your customers and joke around while pouring glasses of wine.

Read: 3 Steps for Good Mental Health While Trading ⟶

Tags: Day in the Life of a Trader

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