When I first looked at trading ‘cryptos’ on the market exchanges, I was bewildered.
However, I now understand its nature and find it very easy to trade! Trading is trading whatever the asset or commodity and, once established, just doesn’t go away; Now, ‘Cryptos’ Trading Is Forever –
Yonks ago we were trading cows for other artifacts; sheep for money, even pigs for property etc.
Electronic trading is no different in principle… just a bit more glitzy.
Nowadays, you can sit at home and ‘play’ the market in most exchangeable products and services around the world, simply by pressing buttons on your mobile phone.
Indeed, I’m doing just that during the week and putting my feet up at the weekends – what a life we can lead using modern technology. It’s not real work but you can earn a lot of money at it if you are skilled and you have the patience to study a little.
So what happens when you switch on the computer?
You ‘tune in’ to a well tried and tested trading Platform, possibly called MT4, and pay about £200- £500 for the privilege of trading and receiving a spot of training how to do it.
Depending on which broker you choose, you will receive a standard of support that you need to check out fairly soon in your project. Then you will have to register your personal id and proof of address. This is important so that you are keeping to the financial regulations, established for fair play all round. You don’t always get it but you should check out everything you are entitled to such as withdrawal of your money when you have created profits. Make sure you read and understand the Terms and Conditions!
Anyway, it is good fun to see what happens to the value of things as you are watching them
globally swing from one level to another. The thing to do is get yourself some reliable trading signals. They will be well analysed by experienced operators and ‘sold’ to you directly or indirectly by a separate department or a different company from the one you select for the platform.
Learn how to place the trade and make sure that you set some restrictions on it by Taking Profit at a predetermined point and / or setting a Stop/Loss to prevent the trade running away with you to cash your account!! Yes, there are quite a few risks involved in making a lot of money, rather like stepping into the ring with a rampant BULL and a hungry BEAR at the same time.
There’s something attractively dangerous about trading, that’s probably why many people like to hear about your results (profits) without actually trying it their self. Nobody wants to risk their own money if someone else can do it for them… that’s why we can choose to have something called a managed account.
Of course you pay for that too, but it seems more acceptable if someone else looses your money; you then have someone to blame!
Naturally, you would like to boast about earning your own profits and feel justifiably proud.
You must be logged in to post a comment.