How to learn trading from scratch and start making money on the stock exchange
The most difficult thing in any business is the first step, the beginning of the process, when you need to start, but you don’t even put down what you need to take on.
Moreover, it is one thing if you study with a teacher, but completely different if you have to gain knowledge on your own, without outside help.
I am also often asked how I began my acquaintance with stock trading, because thirteen years ago there was much less information and opportunities than now.
It’s inconvenient to admit, but I used the so-called “trial and error method” when first you try to perform an action, and if something doesn’t work out, you look for instructions on how to do it correctly.
Expanding the spread for holidays, myths and reality
Almost every holiday, we receive warnings from our brokers about a possible widening of spreads.
For this reason, there is an opinion that trading these days is not profitable, since the size of the spread is simply off the charts.
Yes, I myself remember the times when Alpari before the New Year had a spread on the EURUSD pair of 100 points, and this was with a four-digit quote.
But how are things today, how significant is the expansion of the spread on days when the liquidity of assets on the exchange decreases?
Everything here is quite individual and depends on the holiday and the type of asset you are going to trade.
What is a cross rate and the most popular cross pairs on Forex
The exchange rate is the price of the monetary unit of one country expressed in the monetary units of another country.
But due to circumstances, it is not always possible to exchange between two currencies, due to the lack of direct quotes; in these cases, the cross rate is used.
A cross rate is the exchange rate of one currency against another, expressed in terms of a third currency.
For example, today it is impossible to directly exchange the Ukrainian hryvnia for the Russian ruble, but circumstances are different; in this case, the cross rate through the US dollar is used to determine the exchange rate between the two currencies.
Where is it more profitable to trade cryptocurrency, an exchange or a broker?
Over the past few years, cryptocurrency has become one of the most popular assets among traders who make money from changes in its exchange rate.
The trading strategy has also changed significantly recently; now few people only buy and hold until the price rises; most players make short-term transactions.
A large number of transactions places high demands on the place where you trade, sometimes the amount of profit received depends on this.
Currently, you can exchange cryptocurrency on a crypto exchange, through an exchange broker, and directly in your wallet.
Should you invest in Swiss francs in 2024?
The Swiss franc is one of the most stable currencies in the world; it is the one most often chosen by national banks to store their gold and foreign exchange reserves.
This makes the franc a good asset for preserving capital in times of uncertainty and geopolitical instability.
Over the past few years, the Swiss franc has appreciated significantly against major world currencies, which has increased its attractiveness for investors.
But everything changes, in times of economic instability, will the Swiss currency be able to maintain its position throughout 2024?
In 2024, there are a number of factors that could affect the Swiss franc. On the one hand, the Swiss economy, like the economies of many other countries, is under pressure due to inflation and geopolitical events.
How to withdraw money from Ukraine to another country?
In connection with the war in Ukraine, many citizens have a need to withdraw or transfer their savings to another country.
If we are talking about small amounts, then this is as simple as possible, because you can export an amount of 10,000 euros from Ukraine without additional documents.
But with more money, bigger problems can arise, due to which you can lose all your savings.
The situation with non-cash money is also not clear, since problems have arisen in the past when processing regular bank transfers abroad, and now it is completely difficult to predict the development of events.
How to reduce taxes by trading cryptocurrency
For many investors involved in cryptocurrency trading, it becomes an unpleasant surprise when they have to pay a considerable amount of taxes.
It would seem that if you trade cryptocurrency, you are not at all obliged to pay anyone anything, but in fact, any profit, including from trading cryptocurrencies, is subject to taxation.
Tax liability arises as soon as you exchange cryptocurrency for regular money and it goes into your account or you receive cash.
We discussed the taxation of cryptocurrencies in more detail in this article - https://time-forex.com/kriptovaluty/nalogi-kriptovaluty and today we’ll talk about how you can avoid paying taxes on earnings with cryptocurrencies.
Why am I losing on the stock market?
This is the question most traders ask after they once again entered into an unsuccessful transaction that led to losses.
There can be many reasons for losing, some of which are completely independent of the qualifications and personal characteristics of the trader.
Today we will try to talk about what leads to unprofitable trades and how to get out of such situations.
But before starting the discussion of the topic, I would like to say that trading and not losing on the stock exchange is simply not realistic, unless you have a good source of insider information.
Bitcoin as a hedge against inflation?
Inflation is an increase in prices for goods and services, which leads to the depreciation of money; if the inflation rate remains 5% per annum, then in 10 years your savings will depreciate by half.
Inflation can be caused by various factors, such as an increase in demand, an increase in the amount of money in circulation, or a worsening economic situation. This process affects not only weak currencies, but also such as the dollar or euro.
Investors often consider various options for protection against inflation, including investments in gold, real estate and other assets.
In recent years, the possibility of using Bitcoin as a protection against the depreciation of money has been increasingly discussed.
Is it possible to cheat Forex and why you shouldn’t do it?
Forex is an international currency exchange market where tens of millions of transactions are made every day.
This is a huge and complex market in which both large financial institutions and individual traders operate.
Trading on Forex requires certain skills and knowledge, so making money here is not easy, and after unsuccessful attempts, many traders have a desire to cheat on Forex, that is, to make money regardless of changes in the exchange rate.
Usually in these cases they try to make money using various schemes, such as:
What to choose a legal entity or individual for trading on the stock exchange
If you decide to trade on Forex or another market, you must take into account that in addition to trading, there are also a lot of other organizational issues.
One of these issues is the choice of a person on whose behalf a trading account will be opened with a brokerage company.
Today, most brokers allow registration for both individuals and companies (legal entities).
This opportunity allows you to optimize taxation as much as possible, that is, work completely legally, while reducing the amount of tax deductions.
Which session to choose for trading on the stock exchange
When starting to trade on the stock exchange, a trader faces a lot of questions, one of which is - During which session is it better to trade.
Schedule of trading sessions – https://time-forex.com/torgovye-sessii-forex
After all, quite a lot depends on the timing of trading, from market volatility to the ability to open transactions.
When answering this question, first of all, you should take into account the very availability of opening transactions on a particular asset.
For example, you can trade cryptocurrencies 24/7, that is, at any time, regular currencies 24/5 around the clock on weekdays, precious metals 24/5, stocks 8/5 only during stock exchange hours, commodity futures during stock exchange hours, but there may be nuances.
What affects the euro exchange rate and how to use these factors to make a profit
The euro exchange rate is the price of the euro expressed in another currency. This is a value that is constantly changing depending on many factors, including the economic situation in the Eurozone countries, global trends and the political situation.
The value of the euro is important not only for international trade, but also for investors who use currency pairs for profit.
The importance of the euro exchange rate for the economy and investment of the Eurozone is quite high. This indicator affects the cost of imports and exports of goods and services, as well as the cost of foreign investments.
For example, when the euro appreciates against another currency, goods and services from the Eurozone become more expensive for buyers using that other currency.
In which currency should you store money in 2024?
Strange as it may seem, you can lose money even without trading on the stock exchange, but simply by keeping a deposit in the wrong currency.
The currencies of the CIS countries regularly lose tens of percent of their value in relation to hard world currencies.
Moreover, the depreciation is so significant that the losses cover the profit from interest on the deposit for several years.
I was able to verify this from my own experience; at one time I kept a large sum of money on deposit for three years at 10% per annum. During this time, my earnings amounted to 30%, but after a sharp fall in the national currency, I lost 50% if I converted the money to the US dollar.
How to become a financial analyst and what is it for?
There is a fairly large list of specialties related to stock trading, these include traders, programmers, journalists, financial analysts, and financial consultants.
At the same time, the profession of a trader is the most popular, but not everyone manages to master it.
Unfortunately, to trade independently, you need to have not only initial capital, but also certain knowledge and experience.
You can get all this by working as a financial analyst, thanks to which you will receive everything you need for successful trading on the stock exchange.
It is not surprising that most of the outstanding financiers began their careers as analysts.
Important factors causing oil price fluctuations
World oil exchanges play a critical role in the global economy, determining the price of one of the most sought after commodities - oil.
The largest of them are the New York Mercantile Exchange (NYMEX), the London Intercontinental Exchange (ICE) and the Singapore Mercantile Exchange (SGX).
These organizations serve as the main venues for trading oil, and set its prices, which are then used throughout the world.
Oil pricing is a complex process that depends on many factors that have a cumulative impact on the cost of energy resources.
Can Google's Bard AI be used for trading?
After such artificial intelligence as ChatGPT appeared, many began to consider AI as an assistant in stock trading.
But during testing, it turned out that all the data in ChatGPT dates back to 2021 and it does not have up-to-date information, that is, when asked what the euro exchange rate is today, the AI will provide information for 2021.
Therefore, this AI can only be used to search for information on the loaded 2021 database; it cannot be asked to predict exchange rates or recommend promising securities.
But ChatGPT today is no longer the only such artificial intelligence.
Not long ago, Google premiered Bard, which is a large language model created by Google AI to solve a wide range of problems.
Why do people quit stock trading?
Stock trading is one of the most profitable activities; in terms of profitability, it is second only to drug trafficking.
But, despite this, there are a large number of people who tried their hand at trading and gave up.
Only I have about a dozen acquaintances who at one time were engaged in stock trading and for various reasons decided to leave this occupation.
Many will be interested in what makes people give up a legal and even such a profitable activity as stock trading. Perhaps you shouldn't do this either.
How will the terrorist attack at the Zaporozhye nuclear power plant affect financial markets?
With every year of life you become more and more pessimistic and begin to believe in the worst, and this is not surprising.
Just a few years ago, no one believed in the possibility of a global war between Russia and Ukraine, but the conflict has already lasted more than a year.
Now they are talking about the high probability of a terrorist attack at the Zaporozhye nuclear power plant, and no matter how sad it is, it should be recognized that such a possibility exists.
If a radiation leak occurs at this facility, the event will affect not only the environment and human health, but also financial markets.
Is it possible to really make money on Forex? We conduct a test drive for $100
This question is the most common among those people who first heard about Forex.
Our answer to this is unequivocal - yes, it is possible to make money on Forex! And in order not to be unfounded, trying to convince you of this, we will conduct a real test drive on a real trading account.
NPBFX (NEFTEPROMBANKFX), which is our long-time and reliable partner, will help us with this
We will start trading with a small amount - $100, which is what many novice traders start with.
Risks of trading without leverage and can they be avoided?
Forex trading has fallen into disrepute mainly due to the high leverage and risks that this instrument carries.
On almost any website related to stock trading, you will come across a warning that using margin trading, you can lose your money.
One gets the impression that if you do not trade only with your own money, that is, open transactions with a volume less than or equal to the amount in the account, then the risk of losses will be reduced to almost zero.
But in fact, there are times when you can lose your deposit without even resorting to leverage, that is, the absence of leverage is not a guarantee of safety when trading on exchanges.
Instructions for buying gold on the stock exchange for a novice investor
Over the past few years, the world economy has been on the verge of collapse, central banks are actively printing money, thereby increasing inflationary processes.
More and more analysts are announcing the imminent collapse of the global financial system, the first harbingers of which were the bankruptcy of the largest banks.
The author of such a famous book as “Rich Dad Poor Dad,” Robert Kiyosaki, states that the crisis will primarily affect assets such as real estate, stocks and bonds, and ordinary currency will also depreciate.
According to Kiyosaki, now it is best to invest money in cryptocurrencies, silver and, of course, gold.
Factors influencing the price of gold
For thousands of years, gold has been and remains the most popular precious metal used to store capital.
But in order to successfully make an investment or sell an asset before the price falls, you need to clearly know what factors influence the price of gold.
In operations with precious metals, one should focus specifically on key events, and not on messages about price changes and the beginning of a rush.
Today we can identify 7 main factors that have a fairly strong influence on the price of gold during exchange trading.
In what currency should you store money in 2023?
One of the most popular assets has been and remains hard currency; it is in it that the majority of the population prefers to keep their savings.
But with the new year upon us, what are investors facing? as usual? The question arises: in what currency should we store money in 2023?
After all, due to unfavorable changes in exchange rates, you can lose tens of percent just because the wrong choice of savings currency was made.
Conversely, with a successful investment in foreign currency, you can not only protect your money from inflation, but really make good money without making much effort.
What are Netting accounts in stock trading?
Market hedging is one of the popular strategies when trading forex or stock exchange.
The essence of this strategy is that the trader opens two transactions of the same volume for the same asset, but in different directions.
This approach in some situations allows you to minimize losses and make profits; accounts on which hedging is allowed are called “Hedging”.
This strategy is described in more detail in the article - https://time-forex.com/strategy/strategii-khedzhirovaniya
But sometimes, when trying to hedge in a trader’s trading platform, instead of a new position, the existing one is closed.
How long should you hold a stock trade and what influences this?
According to the regulations of most brokerage companies, the duration of an open transaction can currently range from a couple of minutes to infinity.
But the task of any trader is not to set a record for the duration of a transaction, but to obtain the maximum possible profit.
Therefore, many beginners have a completely reasonable question: how long should they hold transactions when trading on Forex or other markets?
After all, it can be very disappointing when you close a losing position, which in just a couple of minutes could turn into a profitable one.
The question is quite difficult and the answer depends on such factors - the size of the deposit, trading asset, market situation.
How to combine your main job with trading on the stock exchange?
Very often, novice traders think that in order to start trading stock exchanges, they must first quit their day job.
In fact, trading does not always require a full-time job; if you wish, you can perfectly combine trading and your main job.
Moreover, this approach, in most cases, gives a better result than when a person completely relies only on the profit received as a result of investments.
An unfavorable psychological factor plays a role here, due to which the novice trader is put under pressure by the fact that his only income is what a successful transaction will bring.
Stock broker for residents of Ukraine, trading on Forex and stock exchange
One of the most important moments in a trader’s career is the correct choice of a brokerage company through which stock transactions will be made.
Today, stock trading via the Internet, for many citizens of Ukraine, is almost the only opportunity to earn money.
Therefore, many visitors to our site are interested in which broker is best suited for residents from Ukraine.
Thanks to loyal legislation and the positive attitude of the management of brokerage companies, the choice is quite wide.
Which is better Swap free accounts or standard Swap
When trading on the stock exchange, you often have to leave a transaction for the next day, for which, in most cases, the broker charges a commission - Swap.
The amount of accrual depends on the discount rate for the currencies involved in the transaction and additional conditions of your broker.
It should be noted that a similar commission is also charged when trading other assets if you use contracts for difference when opening transactions.
There are many opinions on whether it is worth paying attention to this commission and how much it affects the outcome of the transaction, here is an example of calculations for cryptocurrencies - https://time-forex.com/kriptovaluty/swop-kriptovaluty
Your place on the stock exchange: pros and cons, requirements for the candidate and cost
Some novice investors are quite wary of stock brokers, not trusting the intermediaries who provide access to the markets.
It seems that if you have enough money and you can directly participate in trading on any of the exchanges, why pay a commission to the dealing center?
Indeed, nowadays almost anyone can purchase a place on the stock exchange and make transactions independently.
At the same time, you save significantly on commission, the size of which, with large turnover and a large number of transactions, can reach tens of thousands of dollars.
Stock broker for Kazakhstan, trading on Forex and stock exchange
Not so long ago, Kazakhstan remained one of the few states in the post-Soviet space that maintained a fairly loyal attitude towards stock brokers.
But all good things come to an end, and in July 2022, a number of laws appeared that regulate the activities of financial organizations that provide access to stock and currency exchanges.
Now, in order to operate in Kazakhstan, a broker will need to have a special license and a certain amount of capital.
After the changes introduced, many site visitors have a question: What has changed for residents of Kazakhstan and what approach should be used when choosing a stock broker.
First of all, I would like to note that residents of Kazakhstan are very lucky that their country adheres to neutrality in the military conflict between Russia and Ukraine. And almost all brokerage companies continue to work with Kazakh citizens.