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What is Online Trading?
Online trading is basically the act of buying and selling financial products through an online trading platform. These platforms are normally provided by internet based brokers and are available to every single person who wishes to try to make money from the market.
Most brokers, like iFOREX provide a variety of financial products including Shares, Commodities 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 advantages.
What is Forex?
To make this simple, imagine you are getting ready for a trip to New York and you exchange 500 Euros 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 Euros: a profit of 5 Euros!
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.
As mentioned above, from the palm of your hand you can trade Forex, which includes currencies such as the Dollar or Euro, a variety of Commodities such as Gold or Oil and even major market indices.
Here are just a few examples of products you can trade with iFOREX:
You don’t have to be a professional to trade online. You can open a trade by selecting a product, amount and direction, and close it if your trade is in profit at any time you choose. If you want to make things simpler, you can trade in the form of binary options, where all you have to do is choose the product you want to invest in and select whether you think its price will go up or down. Trading binary options is as simple as that and on specific options you can make a return of 80%.
Still paying commisions on opening new deals?
with iFOREX you can open trades commision free!
There are no commissions charged for opening new deals on any product when you trade with us.
Typically, if you buy at a low rate and sell at a higher rate -
then you will make a profit. However, if you invest with only a small amount, the profit you can make will also be relatively small. By trading with iFOREX you can use leverage of up to 400:1
When using leverage you can increase your purchasing power and simultaneously increase your profit
potential. Instead of a 5 Euro profit you made when you exchanged your 500 Euros to Dollars and back, you could have made a profit of upto 2,000 Euros.
Please note that while trading with leverage can work in your favor, it can also work against you and cause higher losses. Just remember that with iFOREX you can never lose more than you invest!
How to Open a Deal
Opening a trade involves three steps:
Choose an instrument, Enter Your Deal Size
and Click Buy or Sell
Get the feel of trading with our unique simulator.
You can also learn more about our three customizable and
advanced trading platforms here.
3 Ways to start
What should you invest in? Good question!
Some people choose a certain investment based on emotions or go according to a recommendation made by a friend. Others may choose to follow the advice of an investment advisor or make a decision based on their own accord.
Whatever you decide to invest in, we strongly advise taking it slowly and cautiously. You can even use some of our educational
material to improve your trading knowledge.
Our clients tend to start out in one of the following ways:
representative, where you can
learn the basics. Get a Free 1-on-1 Session
autodidacts, love reading and
studying relevant materials. Get the Education Package
and have personal trading experience. Open an Account
We are here to provide you with educational tools that suit your level of experience and interest. You can always learn more and become a better trader with the help of one of our special guides: