As a mother, finding ways to support one’s family financially can be quite challenging. While some choose to work full-time or part-time, others decide to work from home to be more present in their children’s lives.
Fortunately, with the advent of the internet, there are now many opportunities for mothers to generate income as a sideline or while being a stay-at-home mom. One way is by venturing into online trading.
Online trading has made it easier for anyone with an internet access to grow their money by trading foreign currencies and other financial products literally anytime and anywhere.
SmarTrade coaches, some of whom are mothers themselves, help Moms navigate online trading as a viable source of additional income for their family.
Considering the risks involved, it is however a must for anyone, including moms looking to start their trading journey, to be properly educated before dipping their toes in online trading.
SmarTrade, a pioneer in providing quality financial education in the Philippines, has been helping Filipinos build another source of income through online trading by offering free face-to-face and online learning sessions and one-on-one coaching.
“We envision a nation where everyone is empowered to build a better financial future. And one of the ways we see this turn into reality is through reaching out to moms and teaching them about online trading as another source of income for their family,” says Joyce Mayo, President and CEO of SmarTrade. “We believe they are one of the catalysts in creating better lives for themselves and most especially, their children. After all, everything, including sound financial management, starts at home.”
One SmarTrade client who has found success in online trading is Lala Adriano, a mother of two. “Through the guidance and support of SmarTrade experts and coaches, online trading has become a viable addition to our income sources. With the right tools, strategies, and mindset I acquired through SmarTrade’s learning and coaching sessions, I gained the knowledge and confidence I needed to thrive in this side hustle.”
For mothers who would like to try online trading, here are some tips before getting started.
Learn the basics. Understand the different trading platforms and how they work, identify different investment options and the associated risks, and keep up with the latest news and trends in the market. SmarTrade’s online learning sessions make it easier for mothers to learn the ropes of online trading from trusted industry experts while in the comfort of their homes. The best part is that these sessions are 100% free.
Start small. Do not invest more than you’re willing to lose. Start with a small amount of money and gradually increase your investment as you gain more experience and confidence in the market.
Stay organized. Moms are experts in organizing, and this can come in handy when trading online. Online trading can be overwhelming, especially if you handle multiple investments simultaneously. Devise a system to keep track of your investments, including buying and selling information, earnings, and losses. This will help you make informed decisions and keep your financial records in order.
Be patient. Online trading is not a get-rich-quick scheme. It is a long-term game, so you need to be patient and stay focused on your goals. Develop short-, mid and long-term plans and strategies and stick to them. Avoid making decisions based on emotions.
Seek advice. If you’re unsure about online trading, seek assistance from experienced and trustworthy financial consultants. SmarTrade’s pool of experts can help you personalize your trading strategies based on your goals and lifestyle through their free one-on-one coaching sessions. They can provide valuable insights, identify the risks, and suggest investment opportunities that align with your goals.
Online trading can be a potentially lucrative side hustle for mothers looking to support their families financially. However, it’s essential to approach online trading with caution, patience, and a willingness to learn. This way, you can maximize your investment returns while minimizing risks. For more information on how to avail of SmarTrade’s free services to get started on your online trading journey, visit www.smartradeph.com.
