A few years ago, investing in financial markets was only accessible through banks or individuals with some savings. Times have changed as forex brokers have appeared on the internet in recent years and democratized financial investing. Today you can start investing from a few hundred euros of capital and with just a few clicks you can get access to a trading platform that covers hundreds of financial markets, which explains why more people than individuals decide to start an online trading activity for additional income and end to fulfill.
Start forex trading
Traders don’t need to study to start trading, you can very well be an individual with no investment experience to start trading. There are many free resources on the internet to learn about this online investment activity that is trading. The 10 video forex or forex trading courses that we make freely available on our website are examples of educational resources that we refer to. Learning to trade is within everyone’s reach, you can spend a few hours a week browsing videos and courses at your own pace and then apply the knowledge gained to a trading account with a forex broker like eToro. After a few weeks or months, after seriously learning the basics of trading, one should be able to implement strategies in the market that can generate profits.
Replicate trading strategies that work
Why shouldn’t we replicate what worked in the past and continues to work today? Many traders get easily wiped out and fall into the downward spiral of technical indicators. They flood their charts with indicators, which end up looking like a Christmas tree lit up in all colors. One can very well practice trading with some technical indicators and even without technical indicators.
Experimenting with new strategies is interesting and allows you to develop your own perspective on the financial market, but it is recommended to start working with proven trading strategies. For example you should take a look at our day trading strategy with RSI which recently allowed us to generate $105 profit in two trades or $167 profit in one trade. These are the types of smart trading strategies you should start studying.
Diversify your investments easily
Diversifying your investments is a recommended option that reduces the risk and impact of financial market volatility on your portfolio. When you apply our (or any) trading strategy, you can start by studying two or three currency pairs at the same time once you understand how it works in a first pair. But you can go further to diversify your investments, for example you can invest in social businesses, invest in copyfunds (investment funds) or invest in company shares, these other types of investments can help you earn profits alongside your currency trading.
We recommend eToro forex broker to new (and experienced) traders, it allows access to every type of trading listed above, just open an eToro account. 200€ Deposit only.