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.
There are several ways to deposit and withdraw money from an online broker, whether for Forex or CFDs. To credit or debit a broker's trading account, you can use your credit card, make a bank transfer, or even use an electronic wallet such as PayPal.
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.