How to start trading on financial markets
What are the financial markets?
Financial markets are global trading platforms where some market instruments are exchanged for others. A striking example of a financial market is Forex, where currency units of different countries are traded for each other.
Individuals that perform transactions on financial markets to their own advantage are traders.
This page will tell you what is necessary for taking the first steps on financial markets and becoming an experienced trader with your own investment portfolio and a unique trading strategy..
How do traders earn money?
The trader’s earnings are differences between the asset’s buy and sell prices. It sounds pretty simple but for implementing this scheme one must know how to predict growth or decline of the price of some financial instrument and have trading experience.
What is necessary to start trading?
To start trading on financial markets, you need to register a trader’s Members Area and, after deciding on a trading terminal, an account base currency, and a leverage value, open a corresponding trading account.
Open accountMore detailed instructions how to open an accounWhere can a trading terminal be downloaded?
You can find a trading platform in “DailyTrading Download center" section on the Company’s website or your Members Area.DailyTrading clients can choose one of the most popular trading platforms in the industry and install it on their PCs or mobile devices. Moreover, those who are “always on the go” can use web versions of the platforms, which can be run at any moment in familiar browsers.
What instrument to invest in?
DailyTrading clients are offered a wide range of popular assets: Forex, Cryptocurrencies, Stocks – in total more than 12,000 trading instruments. Every trader decides for themselves whether to choose one asset or diversify their portfolio by investing money in several different ones.
More about assetsHow much money do I need to start trading?
To start trading at Mega Coins FX Pro, the minimum amount of 500 USD will be enough, but if you want to get access to a wider range of services, it’s better to deposit at least 500 USD.
Deposit fundsHow to buy or sell on financial markets?
Through the example of the Forex currency market.
Types of orders
Buy (long position)
When this type of order is opened, the traded asset rate is expected to rise.
Sell (short position)
When opening this order, a trader believes that the financial instrument price is going to fall.
How to open an order?
Choose a currency pair you’re interested in.
Click “New order” on the trading terminal panel, specify the order volume, as well as Take Profit and Stop Loss levels.
Click “Buy” or ”Sell” depending on the chosen order direction.
Congratulations! Your order has been placed!
Now you will have to monitor changes in the traded instrument rate in order to close the order in the future according to your trading strategy.
What is a trading strategy?
A trading strategy is a set of rules used by a trader in their trading operations. Every investor creates their own tactics, by choosing a method of analysis (fundamental or technical), duration of orders (short-, mid-, or long-term), and additional tools (trading signals and automated strategies).
A unique trading style can be developed only by practicing, learning the behavior of attractive assets, and adopting the experience of professional traders.
Start tradingWhat may be helpful in learning how to trade?
A set of analytical tools for successful trading on Forex.
A course on the different aspects of trading on the currency market.
Major instruments and strategies for working on the stock market.
“Easy-to-read” materials about topical events on financial markets.
- How to start trading?
- What are the financial markets?
- How do traders earn money?
- What is necessary to start trading?
- Where can a trading terminal be downloaded?
- What instrument to invest in?
- How much money do I need to start trading?
- How to buy or sell on financial markets?
- How to open an order?
- What is a trading strategy?
- What may be helpful in learning how to trade?