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Global markets present many opportunities for online investors, and nowadays anyone can invest in shares, commodities, indices, currencies, cryptos and ETFs in the form of CFDs. Taking your first steps as a trader might be a bit challenging, but remember that every successful investor was once a novice, and that with the free education resources and 1-on-1 training at iFOREX, you too can learn how to trade CFDs online. Probably sooner than you imagine.
We want to help you get started. On this page we will provide you with a quick and easy online trading example, for your convenience. Before we do though, we have to introduce a few of basic terms:
One of the key elements of trading shares, commodities, indices, currencies, cryptos and ETFs in the form of CFDs, is an ingenious trading tool called ‘leverage’. It enables you to open large deals with a relatively small investment. How large? Up to 400 times your initial investment. For example, with a $200 investment, you can open a deal of up to $80,000. Please remember that while leverage allows you to maximize your trading power, it needs to be used carefully, because it also increases risk to your investment.
At iFOREX, you can take advantage of any change in the price of a specific instrument – even if it’s falling. When you think the price of an instrument will fall, open a ‘Sell’ deal. This is called ‘short trading’ or simply ‘going short’. When you think the price of an instrument will rise, open a ‘Buy’ deal. This is called ‘long trading’ or ‘going long’.
When you invest online, you don’t need to actually buy a share or buy a gold bullion and then keep it in a safe. You invest in the price of an instrument in the form of CFDs (Contract for Difference). When you invest in oil, a single CFD means one barrel of oil. When you invest in a share, a single CFD is one share, etc.
Completing a CFD deal with iFOREX is quick, simple and only takes four steps. Ready? Let’s get down to business.
Not bad, right?
We hope this example helped you understand how online trading works. If you need additional information, simply contact us and we will be happy to assist.
Join iFOREX to get an education package and start taking advantage of market opportunities.