Here are many questions to which this guide provides Best Trading Course appropriate answers. Discover them in this article.
Types of Trading
Trading types refer to the styles a trader adopts to trade.
Different types of trading exist:
· Day trading
· Scalping
· Swing trading
Le day trading
Day trading involves trading short-term assets by holding positions ranging from 15 minutes to a day . In this style of trading, the trader must absolutely close his positions on a daily basis. Although it is risky, the gains from day trading can be advantageous because they are based on leverage and large amounts of capital.
Here, the trader must use fundamental analysis and technical analysis to succeed in his investments. The study is carried out on charts oscillating between 15 minutes and 4 hours with a target gain of around 50 pips. In summary, it should be remembered that each trader is free to adopt the style and criteria that suit his personality.
Le scalping
With scalping or scalp trading , the holding time for positions lasts only a few minutes or seconds .
This type of trading boils down to price speculation and allows the “scalper” to reap gains of up to 20 pips. This may seem minimal, but you should know that the orders placed are for a significant amount. The trader can diversify with 10 to 30 positions per day.
On the other hand, he will have to show extreme concentration in order to close his orders at the right time and as quickly as possible. Intense monitoring is therefore paramount, as scalping is considered the riskiest style of trading .
Le swing trading
Swing trading is particularly not recommended for novice traders. This style of trading is based on long-term positions with an emphasis on fundamental analysis. The psychology of the market is also to be taken into account if you wish to pass the study of the charts (1 h, 1 D and 1 W).
If swing trading has the merit of being complex, it compensates for this disadvantage with its profit targets which can amount to hundreds or even thousands of pips.
How to start trading easily?
Choose an online trading platform
· Open a trading account
· Check his account
· Deposit funds
· Choosing a market and financial products
· Open a trading position.
It can thus be seen that the procedure is simple and quick. Now let's see in detail how to do it.
Finally confirm the operation by clicking on "Create an account" to access your space. Good to know, You can also register with Etro directly via their trading application. It is free and you just have to download it from the Apple Store or the Google Play Store.
Step 3: Get your account verified
After this step, you must verify and validate your account to take full advantage of all access. For this, you must provide proof of address, as well as an official identity document. You have the choice between the national identity card and the passport.
Step 4: Credit your account
After this step, you must also credit your account to take your first positions on financial products. On the Etro broker, you can pay your deposit in many ways: by bank transfer, credit card, PayPal or electronic wallet. Please note: Etro requires your first deposit to be at least $200. You can invest more than this amount, but if you are a beginner, we advise you to stick to this minimum to start.
Step 5: Choose your market and financial products
The result of this step depends primarily on the choice of your platform. It should be noted that not all brokers offer all or the most important tools for traders in the financial markets. Depending on your expectations and the market in which you want to operate, you have to make your choice.
read more : technical analysis stock market course
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