Working on the stock exchange is undoubtedly one of the most profitable activities on the Internet. An experienced trader can make 5%-100% profit per month. At the same time, starting to trade stock is quite simple. For this purpose, you require a desktop computer or laptop with a stable Internet connection, a small initial capital (from $100 and above), and, most importantly, your strong desire to receive money from mental work. However, the word “work” is not entirely appropriate here. At first, for many beginners, it’s just a hobby, an interesting one. However, with some persistence and patience, trading turns into a new profitable profession. If you are already intrigued, keep viewing this EXANTE broker review.
Stock trading: what is it?
Speculation suggests making a profit on price changes. So, here you are expected to buy cheaper just to sell more expensive. In fact, in order to trade profitably, you need not only knowledge but also practice, as well as constant work on yourself. You should be able to control your emotions and understand the market. If you manage to develop these vital personal qualities, you will be able to earn big money trading with EXANTE started by Anatoly Knyazev.
What to trade
As a beginner, you are free to start with any asset you like. EXANTE offers access to up to 150,000 financial instruments from a single account. For example, you can start with currency pairs also available with this broker or trade stocks, securities, indices, futures, metals, commodities, etc.
With the EXANTE broker, you can try round-the-clock trading, enjoying a large selection of financial instruments. Based on the chosen asset, you can use the leverage from 1:10 to 1:500. The latter suggests greater profitability but also higher risks.
The size of the trading deposit
Since the company started by Anatoly Knyazev mainly focuses on serious and experienced investors, getting started with EXANTE suggests depositing at least 10,000 euros. Despite it’s a fairly large sum especially for a dummy but it will enable you to make a good profit from the very beginning. As for legal entities, EXANTE requires them to invest a minimum of 50,000 euros.
Up or down?
To make decent money on the stock exchange on a regular basis, you need to pay enough attention to market analysis and forecasting future price movements. Being aware of the basics of fundamental and technical analysis, as well as the psychology of other market players, you can eventually learn how to trade profitably.
Of course, you can entrust money to a trading adviser or an experienced trader (by creating a PAMM-account), but in this article, we are talking about manual trading.
Risks and prospects
With a serious approach, stock trading can become your main source of profit after some time. Having demonstrated some perseverance, almost anyone can master the profession of a stock trader and make a profit on the difference in the value of any financial instrument.
It is important to remember that playing the stock market is always an investment that has a high level of risk. It’s better to trade, having a stock of extra funds in addition to the main trading deposit so that in case of a failure you could be able to deposit the trading account and proceed with your trading. You’d better perceive possible losses as something giving your real experience. Just try not to repeat those mistakes in the future.
Stock trading is a very promising and interesting profession. Experienced traders earn decent amounts, both using their own funds and by attracting investor capital (PAMM accounts, copying someone’s deals, etc). However, you should mind your stability. So, you’d better make a 5% profit steadily per month than 20% from time to time. A smart investor always demonstrates a steady profit.
Finally, we should reiterate that stock trading is not even a game but it should be perceived as a serious work. Get ready to work hard on yourself. Tame your emotions and make the most of your own psychology. You also require continuous training and market analysis. It has nothing in common with working for someone. You need to get used to working for yourself. Stock trading involves great excitement and adrenaline but you need to take control of it. Profit from trading is potentially limited only by your imagination. Everything is in your hands. Learn the basics of stock trading using educational materials available on the official site of the EXANTE brokerage company, set realistic goals and move towards them.
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