Online trading is a process by which individual investors and traders buy and sell securities over an electronic network, typically with a brokerage firm. This type of trading and investing has become the norm for individual investors and traders since late 1990s with many brokers offering services via a wide variety of online trading platforms.
Most brokers, provide a variety of financial products including Shares, Commodities, Indices and Forex. While trading Shares like Google or buying and selling Commodities like Gold or Silver might be quite familiar, Forex trading has gained extreme popularity over the last couple of years due to some of its major features.
What is Forex?
To make this simple, imagine you are getting ready for a trip to New York and you exchange 500 Pounds into Dollars. A week later, your trip is unfortunately cancelled and you decide to change your Dollars back into Euros. Surprisingly, you end up with 505 Pounds: a profit of 5Pounds!
This is known as a profitable foreign exchange trade. You initially purchased Dollars at a certain rate of exchange and during the week that followed, the value of the Dollar went up against the value of the Euro.
Without even meaning to do so, you managed to make a small profit as you bought your Dollars at a low rate and sold them back at a higher rate - the aim of any successful trade.
Nowadays, there is no need to go to a bank or post office, or even leave your house for that matter - you can simply trade online using your home computer or mobile phone.
This is a basic Online Trading course meant to make the viewers understand the concept of trading FOREX, Stocks, Commodities and other Digital Assets online. This course will take students from the simple practices and the basic terminologies of online trading to the More advanced concepts and techniques; giving the students all the foundation knowledge they will require to succeed in online trading.
In this course you will learn;