Before embarking on the adventure that is personal trading and trying to live off it, one must ask oneself the following questions (and answer them clearly, preferably): What does becoming a self-employed trader mean? What does living off trading mean?
Opening a trading account usually requires depositing a first amount of money to confirm and activate the account. But this modality is different from one online broker to another. We must therefore study what each broker offers online before deciding to open an account with one or the other and can begin to invest online on financial assets.
When a trader wants to register on an online trading platform, some formalities are imposed. It is a question of respect towards the regulation set up by the financial authorities in order to regulate fraud and to control and protect amateur or professional traders.
The various world financial centres rotate according to the main continents’ time difference. It may be relevant to know these times for certain operations in the CFDs or Forex markets as well as follow the economic statistics of the country’s financial centre.
CFD stands for ‘contract for difference’. It is a derivative which makes speculating with a small deposit easy. CFDs are directly negotiated financial instruments. As unregulated derivatives they allow traders to take advantage of prices moving up or down on underlying financial assets.
Thanks to online trading platform eToro, the best traders have now access to the trading of ETFs (Exchange Traded Funds). EToro thus diversifies its portfolio by providing its users with 30 new ETFs. It is possible to carry out online transactions on new Italian, Spanish or even Japanese shares, whether they be from public or private sector companies, from industry or services. Examples of these ETFs are QQQ, IWM and DIA that respectively track the NASDAQ, the Russell 2000 and the Dow Jones industrial indices.