Just like any activity, getting the hang of trading takes time. Trading blind, with no knowledge, can make a nasty dent in your savings.
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.