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Day Trading In Australia In 2020 – How to start
DayTrading.com is the top international guide to online day trading 2020. Beginners who are learning how to day trade should read our many tutorials and watch the how-to videos to get practical tips. Experienced intraday traders can explore more advanced topics such as automated trading and how to make a living on the financial markets in Australia.
Trade Forex with top rated broker Pepperstone, which has been selected based on its high rating and your location.
Why Forex? Forex is the biggest trading market in the world and also the most commonly used by new traders. You can trade 24 hours a day, 6 days a week, which makes it ideal for trading from home even if you have a daytime job.
If you accept more risk, products like binary options and CFDs can return close to 100% on a single successful trade with top broker HighLow. These products can be used on the forex markets for 24/6 access and results are achieved in minutes rather than hours.
Top 3 Brokers in Australia
When you want to trade, you use a broker who will execute the trade on the market. The broker you choose is an important investment decision. Below are some points to look at when picking one:
- Speed of execution – Due to the high number of trades you might make in a day, speed of execution is important – as is getting the price you need, when you need it.
- Costs – The lower the fees and commission rates, the more viable day trading is. Active traders will be trading often – minimising these trading costs it vital
- Regulatory compliance – Make sure your broker is regulated, ideally in Australia (ASIC). They will be legally obliged to protect your financial interests.
- Support – Whatever your day trading strategy, you’ll probably need assistance at some point, so look for online brokers with quick response times and strong customer support.
- Spreads, Leverage & Margin – As a day trader you want competitive spreads – you might also want certain leverage levels and low margins.
Do your research and read our online broker reviews first. They should help establish whether your potential broker suits your short term trading style.
‘Bond vigilantes’ are supposedly the traders who regulate interest rates based on the notional intrinsic value of bonds. Governments all over the world are stimulating economies in a big way and showering money all over the place to offset the drop in demand. In an bygone era with less government intervention in the bond market, […]
Alpari deliver CFD and forex trading across a range of markets. Here, they explain how to trade commodities using a range of investment vehicles on their platform. What Are Commodities? Commodities are natural resources or foods, often the raw materials for manufacturing. Cotton, wheat, soybeans, cattle, lumber, natural gas, coffee, rice and sugar are just […]
What Is Day Trading?
The definition of “day trading” is the buying and selling of a security in a single trading day. If you’re day trading online you will close out your position before the markets close for the day to secure your profits. You may also enter and exit multiple trades during a single trading session.
Brokers on occasion have different definitions for ‘active’ or day traders. Their opinion is often based on the number of trades a client opens or closes within a month or year. Some brands even refer to ‘hyper-active traders’ – a step beyond the ‘active trader’.
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Day trading is normally done by using trading strategies to capitalise on small price movements in high-liquidity stocks or currencies. The purpose of DayTrading.com is to give you an overview of day trading basics and what it takes for you to make it as a day trader. From scalping a few pips profit in minutes on a forex trade, to trading news events on stocks or indices – we explain how.
What Can Be Traded?
The most lucrative and popular day trading markets today are:
- Forex – The foreign exchange currency market is the world’s most popular and liquid.
The sheer volume of forex trading makes it attractive for day traders. There are multiple short-term opportunities in a trending currency pair, and an unrivalled level of liquidity to ensure opening and closing trades is quick and slick. More suited to technical analysis, there are other ways to trade foreign exchange. In addition, forex has no central market – while London sleeps, currencies can be traded in Sydney. This means traders can make trades six days a week, 24 hours a day. They present a great starting point for entry level or aspiring traders with full time jobs.
- Stocks – Physical stocks in individual companies, regular and Leveraged ETFs (an “Exchange Traded Fund” holds multiple stocks or commodities and is traded like a single stock), futures, and stock options.
Trading stocks intraday offers different opportunities than a traditional ‘buy and hold’ strategy. Speculating on stock prices via CFDs or spread betting for example, mean traders can profit from falling prices too. Margin or leverage also reduce the capital required to open a position. So you can take a position on the latest news release, product announcement or financial report – as well as technical indicators.
- Cryptocurrencies – Some of the most popular currently are Bitcoin, Ripple, Litecoin and Ethereum.
The financial vehicle of the moment. Spectacular growth has seen cryptos attract many new investors. Brokers are also ensuring retail access to these markets is less complicated. Taking a view on any of these new blockchain based currencies is being simplified all the time. Barriers to entry are now almost nil, so whether you are a bull or a bear, now is the time.
- Binary Options – The simplest and most predictable method, as the timing and return on a successful trade are known in advance.
Regulatory changes are pending, and with the sector maturing, these products are now offered by big established brands. The only question for you is – will the asset rise in value, or not? With the downside limited to the size of the trade, and the potential payout known in advanced, understanding binaries is not difficult. They offer a different method of trading, and can play a part in any day trader’s daily portfolio.
- Futures – The future price of a commodity or security.
- Commodities – Oil and natural gas, food stuffs, metals and minerals
If you’re day trading the Australian Stock Exchange Index (ASX 200), you’ll be buying and selling the shares of companies, such as the WestPac and BHP. In the day trading forex market, you’ll be trading currencies, such as the Aussie Dollar, U.S dollar and Euro. In the futures market, often based on commodities and indexes, you can trade anything from gold to cocoa.
Index funds frequently occur in financial advice these days, but are slow financial vehicles that make them unsuitable for daily trades. They have, however, been shown to be great for long-term investing plans.
Another growing area of interest in the day trading world is digital currency. Day trading with Bitcoin, LiteCoin, Ethereum and other altcoins currencies is an expanding business. With lots of volatility, potential eye-popping returns and an unpredictable future, day trading in cryptocurrency could be an exciting avenue to pursue.
Recent reports show a surge in the number of day trading beginners. But unlike the short term trading of the past, today’s traders are smarter and better informed, in part due to trader academies, courses, and resources, including trading apps. Daytrading.com exists to help novice traders get educated and avoid mistakes while learning how to day trade.
Day trading 101 – get to grips with trading stocks or forex live using a demo account first, they will give you invaluable trading tips. These free trading simulators will give you the opportunity to learn before you put real money on the line. They also offer hands-on training in how to pick stocks.
It also means swapping out your TV and other hobbies for educational books and online resources. Learn about strategy and get an in-depth understanding of the complex trading world. DayTrading.com is the ideal beginners guide to day trading online.
Books for Beginners
- ‘Day trading and swing trading the currency market’, Kathy Lein
- ‘Day Trading for Dummies’, Ann Logue
Both books will provide you with the basic day trading rules to live by. You’ll also benefit from advice on stock picks, plus creative strategy ideas. As Benjamin Franklin highlighted, ‘an investment in knowledge pays the best interest’.
Charts And Technical Analysis
Day trading chart patterns paint a clear picture of trading activity which helps you to decipher individuals’ motivations. They could highlight ASX 200 day trading signals for example, such as volatility, which may help you predict future price movements.
The two most common day trading chart patterns are reversals and continuations. Whilst the former indicates a trend will reverse once completed, the latter suggests the trend will continue to rise. Understanding these trading patterns, as well as ‘triangles’, ‘head and shoulders’, ‘cup and handle’, ‘wedges’ and plenty more, will all make you better informed when it comes to employing your trading strategies.
Day Trading Strategies
Head over to websites like Reddit and you’ll see many trading dummies will often fall at the strategy hurdle, taking the first momentum examples they see and losing money left, right and centre. Savvy traders will employ day trading strategies in forex, grain futures and anything else they’re trading in, to give them an edge over the market. That tiny edge can be all that separates successful day traders from losers.
There are a number of day trading techniques and strategies out there, but all will rely on accurate data, carefully laid out in charts and spreadsheets. Options include:
- Swing trading
- Trading zones
- Trading on volume
- Arbitrage trading
- A simple day trading exit strategy
- Utilising news
It is those who stick religiously to their short term trading strategies, rules and parameters that yield the best results. Too many minor losses add up over time.
Part of your day trading setup will involve choosing a trading account. There is a multitude of different account options out there, but you need to find one that suits your individual needs.
- Cash account – Day trading with a cash account (also known as without margin), will allow you to only trade the capital you have in your account. This limits your potential profits, but it also prevents you losing more than you can afford.
- Margin account – This type account allows you to borrow money from your broker. This will enable you to bolster your potential profits, but also comes with the risk of greater losses and rules to follow. If you want to start day trading with no minimum this isn’t the option for you. Most brokerage firms will insist you lay down a minimum investment before you can start trading on margin. You can also experience a margin call, where your broker demands a greater deposit to cover potential losses.
The brokers list has more detailed information on account options, such as day trading cash and margin accounts.
Learn the trading lingo and vocabulary and you’ll unlock the door to a whole host of trading secrets. Below we have collated the essential basic jargon, to create an easy to understand day trading glossary.
- Leverage rate – This is the rate your broker will multiply your deposit by, giving you buying power.
- Automated trading – Automated trading systems are programs that will automatically enter and exit trades based on a pre-programmed set of rules and criteria. They are also known as algorithmic trading systems, trading robots, or just bots.
- Initial Public Offering (IPO) – This is when a company sells a fixed number of shares to the market to raise capital.
- Float – This is how many shares are available to trade. If a company releases 10,000 shares in the initial IPO, the float would be 10,000.
- Beta – This numeric value measures the fluctuation of a stock against changes in the market.
- Penny Stocks – These are any stocks trading below $5 a share.
- Profit/Loss ratio – Based on a percentage basis, this is the measure of a system’s ability to generate profit instead of loss.
- Entry points – This is the price at which you buy and enter your position.
- Exit points – This is the price at which you sell and exit your position.
- Bull/Bullish – If you take a bullish position day trading you expect the stock to go up.
- Bear/Bearish – If you take a bearish position you expect the stock to go down.
- Market trends – This is the general direction a security is heading over a given time frame.
- Hotkeys – These pre-programmed keys allow you to enter and exit trades rapidly, making them ideal if you need to exit a losing position as soon as possible.
Charts, Graphs, Patterns & Strategy
- Support level – This is the price level where the demand is strong enough that it prevents the decline in price past it.
- Resistance level – This is the price level where the demand is strong enough that selling the security will eradicate the increase in price.
- Moving Averages – They provide you with vital buy and sell signals. Whilst they won’t tell you in advance if a change is imminent, they will confirm if an existing trend is still in motion. Use them correctly and you can tap into a potentially profitable trend.
- Relative Strength Index (RSI) – Used to compare gains and losses over a specific period, it will measure the speed and change of the price movements of a security. In other words, it gives an evaluation of the strength of a security’s recent price performance. Day trading tip – this index will help you identify oversold and overbought conditions in the trading of an asset, enabling you to steer clear of potential pitfalls.
- Moving Average Convergence Divergence (MACD) – This technical indicator calculates the difference between an instruments two exponential moving averages. Using MACD can offer you straightforward buy and sell trading signals, making it popular amongst beginners.
- Bollinger Bands – They measure the ‘high’ and ‘low’ of a price in relation to previous trades. They can help with pattern recognition and enable you to arrive at systematic trading decisions.
- Vix – This ticker symbol for the Chicago Board Options Exchange (CBOE), shows the expected volatility over the next 30 days.
- Stochastics – Stochastic is the point of the current price in relation to a price range over time. The method aims to predict when prices are going to turn by comparing the closing price of a security to its price range.
If you stumble across a word or phrase that leaves you scratching your head, refer back to this day trading dictionary and chances are you’ll get a quick and easy explanation.
Read the glossary for definitions of many more words and concepts.
Day Trading vs The Alternatives
Yes, you have day trading, but with options like swing trading, traditional investing and automation – how do you know which one to use?
- vs Swing trading – Swing traders usually make their play over several days or even weeks, which makes it different to day trading. It can still be a good method for the trader who wants to diversify.
- vs Traditional investing – Traditional investing is a longer game and looks to put money in popular assets such as stocks, bonds, and real estate for long-term value appreciation. Realistic investment returns over a whole year are in the 5-7% range. Unless you are already rich and can invest millions, traditional investing returns too little to make much of a difference on a daily basis. However, the intelligent trader will also invest long-term.
- vs Robo-advisors – An increasing number of people are turning to robo-advisors. You simply chose an investing profile, then punch in your degree of risk and time frame for investing. Then an algorithm will do all the heavy lifting. This is normally a long-term investing plan and too slow for daily use.
Day trading vs long-term investing are two very different games. They require totally different strategies and mindsets. Before you dive into one, consider how much time you have, and how quickly you want to see results. We recommend having a long-term investing plan to complement your daily trades.
Day Trading For a Living
So you want to work full time from home and have an independent trading lifestyle? If so, you should know that turning part time trading into a profitable job with a liveable salary requires specialist tools and equipment to give you the necessary edge. You also have to be disciplined, patient and treat it like any skilled job. Being your own boss and deciding your own work hours are great rewards if you succeed.
Whilst it may come with a hefty price tag, day traders who rely on technical indicators will rely more on software than on news. Whether you use Windows or Mac, the right trading software will have:
- Automatic Pattern Recognition – Identifies flags, channels, and other indicative patterns,
- Genetic and Neural Applications – Profit from neural networks and genetic algorithms to better predict future price movements.
- Broker integration – With direct links to brokerages, you can automatically execute trades, removing emotional distractions and streamlining the execution process.
- Backtesting – Applies strategies to previous trades to demonstrate how they would have performed. This enables traders to better understand how particular trading methods may perform in the future.
- Multiple news sources – Online newsfeeds and radio news alerts play an integral part in day trading. As Kofi Annan rightly asserted in one of the most prudent trading quotes, ‘knowledge is power’. The more you know, the quicker you can react, and the quicker you can react, the more day trading profits you might make.
If you’re trading as a career you have to master your emotions. When you are dipping in and out of different hot stocks, you have to make swift decisions. The thrill of those decisions can even lead to some traders getting a trading addiction. To prevent that and to make smart decisions, follow these well-known day trading rules:
- Controlling fear – Even the supposedly best stocks can start plummeting. Fear then sets in and many investors liquidate their holdings. Now whilst they prevent losses, they also wave goodbye to potential gains. Recognising that fear is a natural reaction will allow you to maintain focus and react rationally.
- ‘Pigs get slaughtered’ – When you’re in a winning position, knowing when to get out before you get whipsawed or blown out of your position isn’t easy. Tackling your own greed is a hurdle, but one you must overcome.
Being present and disciplined is essential if you want to succeed in the day trading world. Recognising your own psychological pitfalls and separating your emotions is imperative.
DayTrading.com exists because we could not find a reliable day trading school, university, academy, or institute that runs classes where you can get an all-inclusive day trading education. This site should be your main guide when learning how to day trade, but of course there are other resources out there to complement the material:
- Online day trading courses
- Practice game apps
- Message boards like Discord
- Chat rooms (always free)
- Pdf guides
For the right amount of money, you could even get your very own day trading mentor, who will be there to coach you every step of the way. Opt for the learning tools that best suit your individual needs, and remember, knowledge is power.
7 Secrets To Success
Whether you’re looking for jobs you can do from home, or you want to start day trading as a hobby, follow these seven essentials.
1. Setting up
The better start you give yourself, the better the chances of early success. That means when you’re sat at your desk, staring at your monitors with hands dancing across your keyboard, you’re looking at the best sources of information. That means having the best trading platform for your Mac or PC laptop/desktop, having a fast and reliable asset scanner and live stream, and software that won’t crash at a pivotal moment.
2. Keep it simple
This is especially important at the beginning. You might be interested in ASX 200, mutual funds, bond futures, Nasdaq, Nasdaq futures, blue-chip stocks, equities, or the Dax 30, but to start with focus on only one. Get good at making money from one market/security before you branch out. The other markets will wait for you.
3. Be realistic
The movies may have made it look easy, but don’t be fooled. Even the day trading gurus in college put in the hours. You won’t be invited to join that hedge fund after reading just one Bitcoin guide. You need to order those trading books from Amazon, download that spy pdf guide, and learn how it all works.
4. Risk management
This is one of the most important lessons you can learn. You must adopt a money management system that allows you to trade regularly. Is day trading really worth it if you’ll be broke by the end of the first month?
History has shown that many successful traders never risk more than 1% of their account balance on a single trade. So, if you had $25000 in your account, you’d only risk $250 on a single trade. Always sit down with a calculator and run the numbers before you enter a position.
5. Keep a record
One of the day trading fundamentals is to keep a tracking spreadsheet with detailed earnings reports. If you can quickly look back and see where you went wrong, you can identify gaps and address any pitfalls, minimising losses next time.
Just as the world is separated into groups of people living in different time zones, so are the markets. If you start trading on the CAC 40 at 11:00 in Perth or Melbourne, you might find you’ve missed the best entry signals of the day already, minimising your potential end of day profit. So, if you want to be at the top, you may have to seriously adjust your working hours.
7. Sensible decision making
When you start day trading you’ll have a host of difficult decisions to make. Should you be using TradingView, Robinhood or etrade? What about day trading on Coinbase? Do you have the right desk setup? Where can you find an excel template? How do you set up a watch list? The meaning of all these questions and much more is explained in detail across the comprehensive pages on this website.
You can also find more detailed and comprehensive lessons in our top tips.
The tax situation for day traders is entirely dependent on in which country the trader is “tax resident”. Furthermore, a popular asset such as Bitcoin is so new that tax laws have not yet fully caught up – is it a currency or a commodity?
How you will be taxed can also depend on your individual circumstances. For example, authorities look at activities from 3 different angles:
- Speculative/similar to gambling activities – Day trading profits would likely be totally free from income tax, business tax, and capital gains tax.
- Substantial self-employed trading activity – Likely to be subject to business tax.
- Significant activities of a private investor – Gains and losses would fall under the remit of the capital gains tax regime. Paying just business tax would be highly illegal and open you up to serious financial penalties.
Due to the fluctuations in day trading activity, you could fall into any three categories over the course of a couple of years. Although you don’t need a license, it’s important you rigorously monitor your trades, seek tax advice, and stay within laws and regulations when filing your tax returns.
Read the Guide to Day Trading Taxes in Australia for more comprehensive information on tax rules and reporting.
How Much Money Will You Make?
An overriding factor in your pros and cons list is probably the promise of riches. We’ve all heard stories of day trading millionaires from Brisbane (or wherever) who started trading with just 1000 dollars, but soon hit the jackpot and mastered the markets. Whilst, of course, they do exist, the reality is, earnings can vary hugely.
Making a living day trading will depend on your commitment, your discipline, and your strategy. All of which you can find detailed information on across this website.
The real day trading question then, does it really work? If you’re willing to invest the time and energy, then for you, it could well do.
50 Best Small Business ideas in Australia for 2020
Do you want to start a business in Australia with small capital If YES, here are 50 best most profitable small business ideas & investment opportunities in Australia for 2020.
There are loads of facts and figures that make Australia exciting. Since it’s a tourist centre, it is not surprising that people throng the states to do one form of business or the other there. This is because of the human and capital resources that the country possesses.
As there are a lot of opportunities, the security of lives and properties are guaranteed and even though the population is not much, there are a lot of untapped potentials therein. The tourism aspect of the country is also a sight to behold, and definitely doing business here cannot be compared with doing business in some other countries.
Here are some very lucrative business ideas to look at;
50 Best Profitable Small Business ideas in Australia for 2020
The World Wide Web has grown into a huge market and it is continuously growing especially in this century that we are in. Therefore for families who have a love for website/graphic designing or any skill whatsoever, then it’s time to get your family online because this can prove to be a rewarding venture. With just a small capital, a little space at home, a good plan and careful delegation of duties among family members; the business will indeed soar than ever envisaged.
A rental business is easy to start and does not require you to continuously create/purchase and sell products. You can choose to rent out anything from vehicles, equipment and camping gear to party supplies, instruments and photo booths for events.
When running this type of business with your family, it’s important to establish roles and dedicate someone to manage all the office and administrative tasks, a different person to handle the marketing, and someone else to deal with your customers face-to-face and drop the rentals off to them.
Is your family full of great cooks? You may want to start a catering business together. Each person can offer something special and tasty to create a dynamic and diverse menu to offer clients.
Operating a catering business with your family has its’ perks because you know their abilities and what their strengths and weaknesses are in the kitchen. Even if some family members don’t want to actively participate in the business, they can invest in it and act as a silent partner to help get things of the ground.
- Specialty Service Business
If your family has always specialized in a particular trade or service, instead of simply working in that field you can try to start your own business together. There are tons of family-owned handyman, construction, auto-repair and landscape businesses and room for plenty more. Customers are more likely to purchase products and services from local family-owned businesses because they are usually more authentic.
Buying and selling various different items at a physical store location has worked out well for some families. There are so many diverse duties involved with running a brick and mortar business that each of your family members can play an important role in making sure everything runs smoothly.
Running a storefront comes with lots of responsibilities like choosing an ideal location, maintaining and securing the property, and earning enough profit to pay all the bills.
Running a restaurant with your family is quite different from running a catering business. There’s so much time, money and effort that goes into running a restaurant compared to many of the others types of businesses but if it’s your dream you shouldn’t let the challenge derail you from pursuing this type of business.
One of the top family business ideas has to do with food, because food is very important and everybody eats no matter how dire the economic situation is. This is one of the top-notch business ideas that have lesser risk of going wrong. Also, several successful food businesses run by family members are moving fine without any hitch.
The laundry business as it is called is another money spinner and good business idea that a family can venture into. Though this kind of business may not be exactly glamorous but it is undeniable that there’s definitely money in the industry.
Tutoring is simply all about teaching or sharing your knowledge with an individual or group of individuals. Thus, a tutoring business is simply the act of sharing your knowledge in return for a fee or profit. To start a tutoring business, one prerequisite you must possess is passion.
Event planning is simply the process of researching, planning and ensuring the smooth organization or flow of an event. The process of a full scale event planning and management service include: Conducting initial research, Creating an event design and concept, Finding a good location, Making arrangement for food from caterers, Doing the interior décor, Organizing the entertainment needs, Sending invitations to attendees etc.
Taking advantage of the internet popularity, you can also consider network marketing as part of the top family business ideas. You can put your tech, sales and marketing skills to practice and operate online. In fact, network marketing is the perfect family business because you tend to work together as a family, grow together and the entry barrier is very low, as it even creates more bond, and the dissemination of ideas among members of a family.
Livestock farming or animal husbandry is simply the process of breeding animals for consumption purpose. But in this article, we will be looking at the profit or business side of livestock farming. It is a known fact that as long as humans exist, there will always be need for food and the two major sources of food for mankind are crops and animals.
- Computer design services
In this age and time, people are always in need of services especially on a computer. These services includes but not limited to printing, photocopying, laminating, graphics designing etc. Thus, a family can specialise in this type of business and offer these services to clients for a fee. The return from this type of business especially if it is run by a family is very high.
- Biscuit/sweet making
Homemade biscuits and confectionery can be a great seller, this is because it tends to be more nutritious and is well prepared than the ones made in a factory. A family good in this type of making, can turn their home into one, Bake and package them well, and try reselling through a local gift shop. In fact People in your social network may buy batches for special occasions too.
People, clubs, organisations, clique of friends etc. are usually in need of cakes especially for special occasions and events. The making/decoration of cakes is indeed the business for this period.
As a family, with members who are very good in this type of business, you can set up a cake making business that will be operated by members of the family. This business though might be looked down upon by many families, but it is indeed a business that should be considered when looking for a family business.
Though it sounds strange, but it’s a business that a family can venture into. There’s great potential to earn extra money from looking after kids, but you’ll need to adore children (not just your own), have boundless energy and patience and in many cases must satisfy some criteria.
In this century, many persons are mostly in need of repairs/troubleshooting for their computers/laptops. A family understanding this need can set up a computer repair/troubleshooting centre. This service and many more can be offered to many people who still find computers complicated to maintain and terrifying if they go wrong.
Dog grooming refers to both the hygienic care and cleaning of a dog, as well as a process by which a dog’s physical appearance is enhanced for showing or other types of competition. This is a very vital part of the healthiness and wellbeing of a dog which increases its lifespan.
- Veterinary care
This career idea is hinged on the basis of prevention, diagnosis and treatment of disease, disorder and injury in non-human animals. The scope of veterinary medicine is wide, covering all animal species, both domesticated, and wild, with a wide range of conditions which can affect different species especially the pets.
This is both a pastime and a profession involving the act of a person walking with a dog, typically from the dog’s residence and then returning. This constitutes part of the daily exercise regime needed to keep a dog healthy. It also provides exercise and companionship for the walker.
This is an evolving career idea in the pet industry, which ensures that its practitioners and professionals groom pets especially dogs on their day-day lives and activities. This involves teaching the pet all that it is supposed to know from eating, drinking, playing, socialising etc.
- Pet Care Blogger-: In this era of computer age and technological developments; many pet owners are in constant need of information, guidance and training on how best they can take good care of their pets.
- Pet Insurance
Pet insurance pays, partly or in total, for veterinary treatment of the insured person’s ill or injured pet. Some policies will pay out when the pet dies, or if the pet is lost or stolen. As veterinary medicine is increasingly employing expensive medical techniques and drugs, and owners have higher expectations for their pets’ health care and standard of living than previously, the market for pet insurance has increased.
- Canine Behaviour Counsellor
This is one career path where a strong love for canines is a necessary prerequisite. Because, you’ll be spending much of your day interacting with dogs of all shapes and sizes, and many of them with very challenging behavioural problems such as biting, incessant barking, inability to be potty trained, etc. If dogs could speak, it could make it a lot easier to diagnose what’s bothering them.
- Feline Behaviour Counsellor
It’s an entirely great idea in the pet industry whereby the counsellor is concerned about cats and their behaviours. Basically this is a career field where a love for felines is a primary prerequisite. Many “cat counsellors” feel like they have the best job they could ever find, as they get to spend their days interacting with cats of all types.
With so many breeds of dogs, and many breeding lines that can produce a wide variety of traits within those lines, professional dog breeding is a complex and inexact science. It’s not a simple as paring up two purebred dogs of opposite sex and the same breed and letting nature take its course
It is a fact that without some basic training, most dogs are just plain and hard to live with. And without the help of professional trainers, many dog owners simply don’t have the skills or knowledge to manage their dogs. These Trainers teach tricks, family manners, show-ring exercises, and various skills.
Too many people, their pets are members of the family, and so they want to have photographs of them just like any other family member. And to others they want a memento of their beloved pet once the animal passes away, this is due to the fact that animals just don’t live as long as people, and so they’re often here and gone before you know it
- Mobile Petting Zoo
This is a new idea in the pet industry zoo, and as the name implies it is a zoo that’s mobile from one place to the other, and it contains pets only. It is specifically meant for kids it gives kids a memorable, fun, and educational experience for birthday parties, company picnics, school events, graduations, photo shoots, or any events where you want to entertain and excite children.
- Dog-show career
It is a fact that once in a while, pet owners especially dog owners usually want to display their dogs for people to see. A career in dog-showing ensures that the professional organises these shows in cities, towns etc. and also ensure that participants conform to the rules and regulations of the game. This career idea is nice especially with the fact that many persons are patronising dogs these days.
Pet Just as the name implies, pet boarding service is a type of service in which the professionals in the career take care of the pets in their boarding facilities. They take full care of the pets and transfer them to the owners or “would-be” owners of the pets when ready. This service is a very nice career idea and the professionals will be better off for it.
These professionals in this career, are typically who are in-charge of taking care of ostriches in the ranch. This career path ensures that the professional takes good care of the ostriches in the ranch. This is a career path that can be explored because of the opportunities inherent in it.
- Security dogs training service
Many families opt to use their pets especially the dogs for security purposes. Dogs for this purpose need specialised training. Thus, a career in security dogs training ensures that the dogs are well groomed and trained on how to detect, secure, and protect the families from intruders. This career is apt in this era as many families, homes and even companies need security dogs.
- Dog Obedience Training service-: Dogs which are one of the most popular pets in the world need training on obedience. This is because without obedience, the dogs will misbehave and might even harm the owners too.
Welding is an aspect that cannot be left unattended to in the oil and gas industry, in fact this can gulp up the bulk of more than half of what is been done in the industry. Thus, a welder Cuts, shapes and joins sections of metal, alloys or other materials using specialist welding methods.
- Commercial Manager
Every industry has a commercial team, likewise the oil and gas industry is also not an exception in this regard. Therefore, the commercial manager in this industry manages the Commercial Team and plans, develops and implements the Company’s commercial plans for commercial and business development activities.
“Customers are always right”, it is said, and the ultimate goal of any industry or company is the satisfaction of its teeming customers. This is because without the customers, the industry or company will cease to exist. Therefore a career in the customer service aspect ensures the provision of a timely support to customers to ensure that they are satisfied with the product or service and ensures that any complaints and queries are dealt with promptly.
There are several careers that an entrepreneur can launch in the value chain of oil and gas industry and one of them is to start publishing oil and gas magazines. Information is key in any industry and all you need to do to be able to gain ground with this type of career is to ensure that you have relevant contents in your magazine per time.
- Production of Lubricants
Another highly regarded, profitable and thriving career or business in the oil and gas business value chain that an entrepreneur who is looking to start a business should consider starting is a lubricant production company. There is a large market for lubricants products and it is a business that is open to entrepreneurs who are ready to compete in the industry.
- Servicing of Gas Plants
If you are an accredited investor or even a non-accredited investor, wishing to have a career in this aspect, you can organize group of friends that have the financial muscles to join you in starting a Gas Plant Servicing Company. Most big companies that are involved in the exploration and production of natural gas usually contract some of the jobs that they consider as not the core of their operations to servicing firms.
- Natural Gas marketing
Over time, natural gas marketers have become an important component in this industry because of the role they play between natural gas producers and the available market for natural gas. They could serve as the middle man between the producer and the direct end users or between the producers and retailers or other distribution companies.
This career perspective in the oil and gas industry provides the professional the responsibility for auditing compliance against well-defined company or industry standards in either technical/ engineering/ health and safety. The standards may relate to process, competence or information recording for example.
Yes, in any industry and most especially in the oil and gas industry, cooking is a prominent aspect that cannot be left unattended to. Therefore, this is a career in the industry too, as the chef ensures that he/she provides a quality catering service, usually on an offshore installation, or may be based in a plant or corporate headquarters of the industry.
- Crane Operator
In an oil and gas industry, the crane is one of the equipment that is mostly used. These professionals lift and transport heavy materials using mobile, tower or overhead cranes. In the oil and gas industry, they Operates pedestal cranes mainly for offshore purposes while also not leaving behind onshore purposes in yards, marine bases, etc.
In the oil and gas industry, it is also true that the professionals do not work on land alone. Therefore, whenever they are working onshore, the importance of the divers now come into play, as divers typically carry out a variety of subsea tasks and responsibilities including welding or carrying out inspections.
- Health and Safety Advisor
Working in the oil and gas industry is not only risky, but involves a lot of health hazards. Therefore, the health and well-being of professionals cannot be joked with, for this reason, the health and safety advisor not only advise workers on field about what they should do best, but also provide advice and guidance to the Company to help prevent accidents, injuries and health issues in the workplace and promote safe working practices on and offshore.
- Marine Engineer
Engineering is one of the careers that is mostly associated with the oil and gas industry. Marine engineering is in fact more prominent and important, as they are responsible for operating the propulsion plants and support systems on board crews, passengers and cargo vessels. These professionals are so critical and important in the oil and gas industry especially for onshore purposes.
- Materials Controller
The oil and gas industry gulps a lot of materials. In the sense that due to the nature of the industry, there are lots of materials that are usually utilised before/during/after operations. Therefore, the materials controller in the industry takes care of that and ensures that all materials that are used before the operations are properly put in place, and even after operations.
- Legal Services-: As a lawyer, if you are looking towards looking having a career in any country, then one of your best options in Australia as you can specialize in any field and you will thrive there.
- Online trading
The world today is a global village, and it is now easy to trade online (i.e. buying and selling). A family can venture into this type of business and trade their stocks on offer to people on an online platform. Sites such as eBay and Amazon make it easy for people to dabble in e-commerce.
If you start to sell other goods, focus on things you can get hold of easily, or are passionate about. And have an eye on the Christmas market: think about what will be selling well in a few months’ time. This is also a business idea for families to dabble into.
12 smart investment options in Australia
There’s more to investing than super and property. Take a look at the different investment options available in Australia which you might consider when creating a portfolio.
While property seems to get the lion’s share of attention when it comes to investing money in Australia, a 2020 study by the Australian Securities Exchange (ASX) revealed that shares, along with other investments traded on an exchange, were in fact the most popular investment choices among Aussies 1,2 .
What different assets can you invest in?
If you’re interested in seeing what your investment options are outside investing in property and super, here’s a list of some of the common investment options in Australia you could consider when building your own investment portfolio.
If you put your money into cash investments (such as savings accounts and term deposits), the returns will often be lower in comparison to other investment products. However, these types of investment options typically provide stable, low-risk income in the form of a regular interest payment, so they may be a good option if you’re risk averse or working to a short timeframe.
Fixed interest or fixed income investments
Fixed interest investments (also known as fixed income or bonds) usually have a set investment period (eg five years), and provide predictable income in the form of regular interest payments. They tend to be less risky when compared to other types of investments, so can be used to provide balance and diversity in an investment portfolio. Fixed interest investments are issued by governments and companies in Australia and internationally.
A government bond is one example of a fixed interest investment. It provides the holder with regular interest payments, and once matured, the amount originally invested (known as the principal) can be returned to you. However, the value of the investment doesn’t increase with inflation.
There are also different types of fixed interest investments with different investment timeframes and different risks – for example, a fixed interest investment issued by a company can be risker than one issued by the Australian government.
If you purchase shares (also known as equities or stocks) in Australian or international companies, you’re essentially buying a piece of that company, making you a shareholder. If the shares of the company grow in value, the value of your investment will also increase, and you may receive a portion of the company’s profits in the form of dividends. However, if the share price falls, the value of your investment will also fall. If you manage the shares yourself, you’ll have to decide when to buy shares, and when to sell them. It’s also worth keeping in mind that you may not receive any dividends at all.
If you’re looking for how to invest in shares, get in touch with an AMP financial adviser who can guide you through the process.
In a managed fund (also known as a managed portfolio), your money is pooled with other investors on your behalf by a fund manager. A managed fund can focus on one asset class, for example, an Australian shares managed fund will only hold shares in Australian companies. Or, it can be a diversified managed fund and include a mix of cash, shares and property. One of the benefits of pooling your assets in this way is that it can also give you the ability to gain access to investments and a level of diversification that isn’t usually obtainable by an individual.
The amount of money you invest is equal to a set number of units, and any growth or earnings are then divided among all investors depending on how many units each investor owns. Any income generated on these earnings will also be subject to tax based on the individual income tax rate of the owner.
Because investment returns are tied to movements in investment markets, it’s important to keep in mind that putting your money into a managed fund won’t necessarily guarantee you a positive investment return.
Exchange traded funds (ETFs)
An ETF is a type of managed fund that can be bought and sold on an exchange, such as the Australian Stock Exchange (ASX), and which tracks a particular asset or market index. ETFs are usually ‘passive’ investment options as the majority of these investment products aim to track an index, and generally don’t try to outperform it. This means the value of your investment in an ETF will go up and down in line with the index it is tracking.
ETFs tend to be easy to buy and sell and have lower fees than some other types of investment products. They form part of a larger class of investment products called exchange traded products, or ETPs, which can be bought and sold on an exchange.
Like a managed fund, if you decide to put money into an investment or growth bond (also known as an insurance bond), your money will generally be pooled with money from other investors, with an investment manager overseeing the funds and making the day-to-day investment decisions. This makes for a hands-off approach for the investor, which can be helpful if you’re too busy to oversee your investments, or prefer to have a knowledgeable manager making the decisions.
The main point of difference with investment bonds is the way earnings are taxed. If you hold onto an investment bond for at least 10 years, you won’t have to pay additional tax on any profits that you’ve made when you eventually sell (or redeem) your investment. That’s because such investment bonds are seen as ‘tax-paid’ investments, where earnings are taxed within the bond along the way at 30%. If you’re paying more than 30% in income tax, an investment bond may be a tax-effective structure to help you invest.
A popular option for retirement, annuities provide a guaranteed income regardless of what’s happening in financial markets 3 . These can be in the form of a series of regular payments either over a set number of years (fixed-term), or for the remainder of your life (lifetime annuity). The payments you receive will depend on things like the amount you put in and actuarial calculations, which estimate future outcomes by looking at economic and demographic trends.
You can purchase an annuity through your super or with ordinary savings. It’s important to note though, that if you’re using your super money for the purchase, you won’t be able to access the funds until you reach your preservation age and retire.
Listed investment companies (LICs)
LICs are a type of investment vehicle which are incorporated as companies and listed on a stock exchange. Most LICs operate in a similar way to a managed fund with an internal or external manager responsible for selecting and managing the company’s investments on your behalf to provide diversity. LICs commonly invest in shares in other companies.
It’s important to note that LICs are ‘closed-ended’ investments, which means there’s a set amount of shares available that does not change. Shareholders can come and go, but the amount of capital in the LIC doesn’t change as investors change. This means the investment manager can focus on managing the investment, rather than trying to raise funds if a shareholder exits the investment or making additional investments if more investors come on board.
Real estate investment trusts (REITs)
A REIT is a type of property fund listed on a public market, such as the ASX, in which investors can purchase units. Similar to a managed fund, your money in the fund is then pooled and invested in a range of property assets, which may include commercial, retail, industrial, or other property sectors.
REITs can provide investors with exposure to the property market in a way that is more diversified – commercial and industrial property and potentially more cost-effective – than buying a single property.
As a precious metal, gold is a commodity that can be bought or sold based on set market value. Some people like to invest in gold as a way to hedge against inflation. However, investing in physical gold bars can be cumbersome. Other ways to invest in gold include buying derivatives, gold receipts, gold ETFs and gold mining stocks.
Australia’s alternative finance market has grown by 53% in the 12 months to September 2020 as investors continue to tap into emerging trends and explore new ways to grow their wealth 4 .
In addition to the investment options listed above, there are a number of emerging trends you might consider when building your wealth.
Peer-to-peer lending (P2P)
P2P lending is a way you can borrow money without going through a traditional lender (such as a bank). It operates by connecting investors with companies or people looking for a loan.
Most P2P lending is run via an online platform that acts as an intermediary between investors and borrowers and charges a fee-for-service. Through the platform, the lender will be able to see what loan they would like to fund, and, the borrower must pay the loan back over time with interest.
Some platforms also allow investors to diversify their investment across other assets (such as a managed fund). The details, including the amount of control a lender has, length of the loan and at what interest rate, varies between P2P providers.
Unlike regular currency like coins and notes, cryptocurrency is a virtual currency that exists as a digital token5. The most well-known type of cryptocurrency is Bitcoin, but there are hundreds of others including Ethereum, Litecoin and Ripple.
Cryptocurrencies are kept in a digital wallet and can be used to pay for real goods and services. Transactions are recorded using a vast digital ledger called a blockchain. It’s most commonly used for online payments but can in some cases can be used in stores. However, because cryptocurrency is not legal tender, it’s not accepted everywhere and is not backed by any government.
Factors to consider when making investment decisions
Before putting your money into any investment option it’s important to make sure you understand, and are comfortable with, the level of risk involved, the investment timeframe, any potential costs involved, and how the product could help you reach your financial goals.
It’s also important to look into any potential legal and tax implications, as these can vary depending on the type of investment you make.
Risks involved with investing
Different types of investments carry different levels of risk which can influence the returns you may receive. People tend to have different appetites for risk, so it’s important to understand yours before investing. The AMP Investment Style calculator can help you to understand your risk appetite..
Generally, investments that carry more risk are better suited to long-term timeframes, as these often come with greater short-term volatility, which means they can change rapidly and unpredictably. However, being too conservative with your investments may make it harder to reach your goals.
A good way to manage risk can be to spread your investments across different asset classes. This is known as diversification, and is one of the first things you will learn about when looking into how to invest for beginners.
Diversification reduces your overall investment risk and leaves you less exposed to a single economic event. So if one sector or asset performs badly, the other areas of your investment may not be as badly affected.
It can also be a good idea to diversify within asset classes. For example, a share portfolio may hold shares across different sectors such as banking, resources, healthcare and technology, and across both domestic and international markets.
How to start investing
If you’re interested in building your investment portfolio, you can use these tips to help you get started:
- Do your research – think about how much you can afford to invest, what your options are, and what types of investment products you could use to help you reach your goals.
- Know your risk profile – work out how much risk you’re willing to take and what types of investment products might fit within this. Different investment products carry with them different levels of risk, so it’s important to understand the risk involved in each investment product or strategy you’re considering.
- Speak to an adviser – if you have any questions or want more help or information, speak with your financial adviser. If you don’t have an adviser but would like more information, you can call us on 131 267 to find an adviser near you.
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