Online trading
The opportunities for earning money online are simply astonishing in their diversity. One such option is online trading, which allows you to make a profit by selling and buying various types of assets.
Online trading is the trading of currencies, stocks, or other instruments using specialized software and via the Internet.
A distinctive feature of this type of income is that you do not need to personally visit the brokerage company's office to work.
All operations, from registration, identity verification, and opening of transactions themselves, are carried out exclusively online.
Online trading requires minimal equipment, and the software is provided completely free of charge.
This type of income gives you a unique opportunity to master a new, highly profitable profession as a trader.
Key points of online trading
1. Hardware and software – it's best to start trading on a personal computer or laptop with a connection to the Internet at least at 1 Mbps. Device specifications are currently of little importance.
A processor with a processing power of at least 1 GHz and 512 MB of RAM is sufficient for operation; more powerful parameters are welcome.
web platforms available on some brokers' websites
can also be used for trading A mobile phone or smartphone can be used as a backup device; specialized software is also available for these devices.
The easiest way to download the trader's terminal is from one of the brokers: http://time-forex.com/spisok-brokerov
. 2. Trading Broker – Currently, there is a fairly large selection of brokerage companies, each offering its own trading conditions, promotions, and bonuses. The main recommendations when choosing are the company's length of existence and the number of traders who trust it.
Large Forex brokers rarely deceive their clients, but smaller DCs often resort to various tricks to avoid paying out profits.
3. What to trade – The most popular online trading option is forex, so it's best to start with currency pairs ; there are many ready-made strategies and recommendations for this instrument.
4. Trading Strategy – There are several different strategies on Forex, but most traders work in a few main areas: scalping, channels, breakouts, lines, and levels.
You'll find a selection of strategies in the Forex Strategies for Online Trading section - http://time-forex.com/strategy
5. Initial deposit amount – this issue is the subject of much debate and controversy. Some say you can only make money with $10,000, while others claim a couple of hundred is enough.
The secret to this divergence in opinions lies in the differences in strategies used. For example, using a scalping strategy with a $200 deposit and 1:500 leverage, you can double your deposit in a day, as you'll be trading a volume of $100,000.
Meanwhile, with a $10,000 deposit and 1:10 leverage, you'll still be trading a similar volume and can easily earn the same $200, but the risk of losing your money will be tenfold.
6. Earnings Amount – According to statistics, it's virtually impossible to consistently earn more than 20% of your investment monthly in Forex. This indicator serves as the primary benchmark for calculating potential profits.
Online trading allows you to become completely independent of your timeframe and work location; you can trade online – from home or anywhere convenient for you. The sooner you begin exploring this opportunity, the sooner you'll achieve your goal.
