How to Make Money with Trading, the First Time You Try It

How to Make Money with Trading, the First Time You Try It

February 18, 2022
3 months ago

How to Make Money with Trading, the First Time You Try It.

Most of us don't have the money to invest in the financial markets, and this is a very difficult thing to change.

However, if you are a smart person and you want to learn how to make money trading online, then the perfect time has come. Here we are going to answer the most common questions that people like you ask before starting in this world.

Why do you start making money with trading?

The financial markets are as complex as trying to get your in-laws to like you (it can happen, some come naturally and others spend hundreds of euros on their Christmas presents), and investors can make or lose money very often.

Professional traders buy and sell stock assets, such as stocks, shares, indices, futures, currencies and cryptocurrencies... in order to profit from their price fluctuations. Traders use mathematical systems, tools and patterns to calculate what the odds are for winning a trade. And if you don't let those tools guide you, or you do it wrong, you end up losing money.

The Setups The setups are certain structures that create the prices that, together with some indicators, can indicate the direction that the market is going to take. These setups allow us to create a trading plan as it guides us in the possible results. It is simple to apply because you only have to know the possible structures, and have a good eye to detect them. The problem with using these strategies is that you can easily fall into the deceptions and manipulations of professional investors.

Buying assets Another option to make money in trading is to do it by buying and selling stocks

  • 1) Short term: This way of trading consists of calculating the probabilities of an asset going up or down in value, and waiting for a short period of time until it reaches the price you are interested in to buy or sell it.

  • 2) Long term: stocks are part of your portfolio with the intention of waiting several years to start seeing an increase in value. This option is widely used to create retirement funds for many traders.

All leverage comes with great responsibility. Trading with this tool can significantly increase your profits, without having to invest a large sum of initial capital. Trading with financial leverage means trading with more money than you have available funds. To perform these transactions, the broker grants a temporary loan to the trader so that he can trade with a position larger than the amount of funds in his account.

And for this reason, leverage is a tool with a high risk. Therefore, before you start trading you must understand the concept of leverage. If you invest $500 and earn $500, your leverage will be 1:1. If you now invest that $1000 and earn another $1000, your leverage will be 2:1. And so on until you decide to stop or until the market makes you get out.

How to start a trading account The first step to start making money with finance is to open an account with a broker NAGA. Most brokers offer you the possibility to have a demo account to make all the tests you need, without using real money. In the case of NAGA you have at your disposal $10,000 to experiment.

The next thing you need to do is to know the basics of financial markets. This means acquiring knowledge about the different types of assets that exist, what economic news means and how the prices of these assets behave.

You will also need to learn how to identify market trends and learn some basic technical analysis tools to predict future market behavior, and if you are part of the trader's club you can receive additional information on all these resources.

What do you need to invest in the financial markets? The most important part is to have money that you don't need. However, you will also need to know the scene and information about the commodities you are buying. Once you take the plunge into trading you will need a computer and a good internet connection.

At NAGA, the broker we recommend, you can view the trades that highly profitable traders have made, and choose which of their trades you would like to copy within the limits you set.

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