The Deceptive Ease of Online Trading
After the opportunity to trade on the stock exchange via the Internet arose, millions of people decided to try their hand at this business.
After all, at first glance, there is nothing easier than online trading; you can start trading on any exchange in just a few minutes.
But it seems so only at first glance.
Most newcomers who start trading online quickly lose their deposits and then bombard brokers with lawsuits. Risk Notice on any stock trading website .
In fact, online trading is subject to the same rules as trading on a real exchange platform.
• Take opening transactions in the trading terminal seriously. Imagine, instead of numbers, real money will make you think ten times before opening a new transaction.
• Online trading is also trading. Therefore, it needs to be learned in the same way as real trading on the stock exchange.
• Critically evaluate your strengths, do not wait for the market to do it for you. Try to open only transactions that have minimal risk.
• Use all the features that the trading platform provides you with - news feeds, indicators, pending orders, and most importantly, tools for recording losses and profits.
• Don't forget that there are other ways to manage trades, not just through the trading platform, this will help you close the trade even without the Internet.
The deceptive ease of online trading is the main enemy of the investor; virtual money on the monitor screen is the same as your money and losing it will be as painful as real money.
Try to become an analyst first by making a forecast for several assets based on available news. And if your predictions come true, only then start opening trades.