Trading is a word that we hear quite often nowadays. Either on commercials or ads on the internet or even on a chat with friends in the bar. If by now you don’t know what online trading is, it’s time to fix that!
Online trading has been around for about two decades. But it’s only in the last 10 years that things started to pick up and buying or selling in the market is now something we all have access to. In fact, the main niche of many online brokers is the newer generations of traders.
Many brokers offer the educational and research tools that beginners may need, as well as popular strategies like copy trading or social trading, that are very appreciated by those that have little experience in the market.
The starting point is always doing a thorough research and no better place to get into it, than investingoal.com. This is the place to learn about brokers, what they offer, and how to choose the best one. But they also have interesting articles and news about market movements, and it offers immense value to those starting in the world of online trading!
Why is online trading so popular?
There is no doubt that online trading has earned its popularity. The prospect of making a profit and investing money having full control, as well as learning about what are the best strategies and how to use them to create an income is something that attracts many people.
And online brokers have caught up with the demand and offer a variety of tools that enrich the experience of investing in the market, and have successfully attracted many towards the trading profession in the last few years.
1. Easy and fast
One of the main reasons that have made online trading so popular is how easy it is. Not only getting started is a matter of a few clicks, but also the whole process is very intuitive and trading platforms are more and more complete and responsive.
On the other hand, online trading is also fast and more agile than traditional trading where reaction responses may be delayed by having an intermediary. Now, brokers are your door into the market, and having the chance to make deals from your computer or phone means that traders can take opportunities right there and then, increasing their chances to make a profit.
2. Access to international markets
Online trading has also made it possible to invest in markets around the world, meaning that when one market is closed, another one is open somewhere else. This multiplies the possibility of making a profit since traders have access to a wider variety of assets at any time of the day.
3. Trade from wherever you are
This is probably one of the most important aspects when considering online trading popularity. The fact that anyone has access to the market from the comfort of their offices, homes, or even when traveling, means that more people can do it.
Finding the perfect broker for you
The first step for everyone hoping to become a trader is to find the right broker. There is a myriad of aspects to consider to make sure your choice is going to give you the best chances to make a profit and keep your money safe at the same time.
Before even considering commissions and fees, tools and features from the platform, customer service, and whatever other services brokers offer, the most important consideration should be making sure the broker is legit.
Brokers have to be registered with the appropriate regulatory authorities, which are different in each country. Before choosing a broker, make sure they are complying with the regulation. This will ensure your rights as a trader are respected and your money in good hands.
How to defend yourself from online trading scams
One of the main truths of trading, however, is that it is not a scam as many mistakenly believe. But it is always good to underline that the risk of running into fraudulent attempts is possible and frequent.
As we mentioned, since it is a sector in which a lot of money circulates, it is the ideal place for bad guys who aim to steal investors’ assets.
Especially when it comes to novice traders, falling into the trap is very easy and the inexperience, or recklessness, of some make scammers reach their purpose to the detriment of the industry’s credibility.
This is due to the fact that the scams are hidden behind the creation of ad hoc platforms, in all respects similar to those of valid brokers and therefore difficult to distinguish, and try to attract less experienced users into the network with attractive offers.
For example, as interesting as the offer of a broker that promises to earn exorbitant amounts in a very short time and with zero effort may seem, it is clear that it is an attempt to scam because, as we have already said, making money with trading it is neither simple nor obvious, and above all it is necessary to work hard to be successful.
Defending yourself from these scams, even if you are inexperienced in the sector, is possible by adopting some precautions that help to identify the scam broker platforms from those of valid brokers.
In particular, it is always advisable to ensure that the broker is subject to regulation by the financial control bodies, which issue a specific license only to brokers authorized to operate in the territory and who work in conditions of total transparency.