Nowadays keeping your money in the bank likely will not generate the returns you would have seen in the past, therefore, most people tend to invest in the stock market. We can agree that trading stocks is an important way in our time to make your money work for you.
Over the past 10 years stock traders increased drastically compared to the eighties and nineties where stock traders were almost exclusively large investors.
The main reason for the increase in the number of individuals who are thinking about/and are trading stocks is the easy of trading.
Where in the past you had to be a financial intermediary, now the situation is different as there are plenty of online platforms that offer you the chance to trade stock directly such as the international platform (MetaTrader 5) offered by large companies such as Tradeview LTD – which offers traders to join the field very easily by following a few steps.
- Create an account through which shares are traded
The first step to join the trading community is to create your trading account.
I recommend joining the stock trading field through a brokerage company because it allows you to trade with a demo account first, which offers you to learn how to trade and will help you understand the platform.
The demo account lets you gain confidence and determine your trading strategy. I strongly recommend that the duration of the demo account to be 10 days so that you do not fall into the emotional trap of trading with no risk. Trading through brokerage firms such as Tradeview LTD gives you several tools as well as free reports that help you make profits.
How do I open a MetaTrader 5 account and start trading?
- Go to the account opening page by clicking here
- Click “Open Real Account” or “Open Demo Account“.
- Select account type (Individual – Shared with friend or family member – Corporate account in your company name)
- Fill out the form to open the account for free.
- Tradeview offers different account types (commission accounts and spreads) chosen for you and MetaTrader 5 for trading stocks and currencies.
- Upload your proof of identity and proof of address.
- You will receive an email with the account and link to download the platform.
- Gain market knowledge and insights
The Internet is one of the main sources of knowledge that can make trading easier. You can access information about the trade you are interested in by a few clicks. A great website I recommend is called Trade Gate Hub. This website provides tools to enhance your trading journey and can help you organize your trading plans.
It is also essential that your knowledge about the trading is not limited to just one source of information, so you can exchange ideas by chatting with other traders on this website.
Besides reading up on information it is also important to constantly monitor the movements of the market during your trading period through your demo or real account.
- Learn how to interpret the basics analysis
Fundamentals & Technical analyses are very important, knowing and understanding the market news will also allow you to achieve a large profit rate, as after knowing the effects of the news, it will become clear to you in which direction of the market will move. This will allow you to act quicker and jump in the market to collect profits.
On the other hand, you will be able to manage your risk better as you can decide based on your analysis how much risk you should take and at what level you should place your stop loss.
After following the fundamental and technical side for a while you will be able to determine whether a trade should be a sell or buy in less than a second.
For further information of how to gain the knowledge about Fundamental & Technical analysis please email : MShraka@tvmarkets.com
Head of business development