Not all day traders work for large investment groups as there are some that are independent, trading their own investments. These independent day traders are now free to trade from where ever they wish, depending that they have the correct software on their computers and they access to the internet. Although there have always been these independent traders, before the development of the trading software, they, like the other traders, were confined to trading within the “pit” on the stock market floor. The trading software consists of three types of software. First there is the data software which allows anyone with a computer to receive updates on the prices of any stocks. Then there is the charting software which shows the pricing trends of different stocks. Knowing the trend of a stock and also its current price, a trader is able to decide which trades they should make at that particular time. The third software is the trade execution software and this is software that actually allows someone to trade online. Although this software allows traders to move from the pit and still trade, most traders are still restricted to the offices of their employers but the independent traders have no such restriction, allowing them to trade from a location of their choosing. This has led to some independent traders living a much envied lifestyle, travelling from country to country, setting up a temporary office to do their trading from in each location. Some of these traders, like the wandering trader, contribute an investing blog describing their trading experiences in each of the locations they visit. Some of these blogs are placed on the trading academy website. The trading academy is a website created by traders for use by traders and offers a place where both independent and other traders can exchange experiences, strategies and other information which is common among the trading communities. The website also offers courses that can help traders with making the right trades and also courses that show traders that are currently employed by investors, how to break free and become a successful independent trader. From visiting then trading academy, traders may learn that although global investments were once frowned on, they are now becoming more popular as a percentage of any investment portfolios.
As the travelling traders contribute many blogs to the trading academy website, other traders that visit the site may become quite jealous of the lifestyles these independent traders live and so spur them on to learning more about how they too can become one. Obviously though, for these independent traders to continue their adventurous lifestyles, they must continue you to be successful traders first and tourists second and so visiting the academy to catch up the latest strategies is always advisable. It has been said that these travelling traders never need a vacation as they can visit any vacation hotspot in the world whilst still carrying on their trading, perhaps an idyllic lifestyle for true and one that can truly be envied.