A step-by-step guide on how to start trading

**marcopolo11** · 03-12-2018, 09:28 AM

Trading can be an exciting way to earn an additional income. However, before you start trading you need to learn a few things. It will help if you know what to expect and the tools and techniques you need in order to make your entry into trading as smooth as possible. You can study our step-by-step guide and learn all you need to know about trading before you start.

Getting to know the market step-by-step

Traders can trade within many different markets which include the stock market, forex market, options market, and Contract for Difference (CFD) markets.

The stock market involves buying/selling shares of a company. The forex market is the largest market in the world and involves the exchange of one currency for another. The options market allows participants to undertake positions in the derivative of an asset, so the option is not ownership of an underlying asset. The contract for difference (CFD) market allows traders to speculate on the rising or falling prices of instruments such as currencies, shares, indices, and commodities.

Bull and bear markets

When a market is moving downwards, it’s called a bear market. You can take advantage of this through ’short selling’ which involves selling assets or (derivative) you do not own in the hope of buying them back at a lower price in the future. The difference is your profit.

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**William Wesson** · 03-12-2018, 10:56 AM

Thanks for sharing a nice thread on the basic guideline how to start trading. I am actually trading in forex market. Though there is some basic difference in stock and currency market; trading requires a basic guideline to start. And even in the forex market when I started I tried to gain sufficient knowledge about the basic trading tools and techniques. Money management can actually give a strong guideline in any financial market. And to trade in forex market risk management is an important term to hedge a trader's wealth position.

**Ashley Mallett** · 03-12-2018, 05:19 PM

Various financial markets like stock market; bond market; derivative market; etc. are developed so that traders can get into trading as per their requirements. Those who prefer decentralization due to absence of standard criteria are now engaging in various over the counter markets like forex. And I also prefer trading in forex but undoubtedly to start trading I also think that without sufficient knowledge and skills it is actually impossible for any traders to attain successful trading life with certainty. Thereby still I am practicing demo trading accounts with my broker AAFX since this regulated platform i offering free training and expert advice with numerous trading facilities like lowest zero spread; 1:2000 high leverage and fastest trade executions all the time.

**Michael Castaldo** · 03-13-2018, 08:35 AM

Before working with any broker, you should discover its meaningfulness and trust score by experiencing over online surveys. Installment issues, direction, trading strategies, platform highlights and client backings can be the significant issues that you have to watch out before picking any broker.
I am as of now trading with FreshForex. It's extremely an extraordinary broker! Fast execution, no requotes even in extraordinary market conditions. Withdraws to my NETELLER are generally prepared inside two or three hours on working days. withdraws to ledger around 20 - 30 minutes. I don't have anything however extraordinary involvement with them.

**Women Spin** · 03-17-2018, 02:08 AM

The simplest way to start trading is to start learning from the basic level so that you can get the idea of how the real market works and how you are going to be in the market.

**John Mason** · 03-18-2018, 02:50 PM

I follow few steps in forex which gives me a successful trading career. First of all knowledge is very important. After build my forex basic I have decided which trading style I should go. Then I shortlisted some broker and finalize TradesFX. They are giving me the fastest execution process, secured trading platform and advanced trading technologies. They have cryptocurrency investment facility. Trader can invest in Bitcoin, Litecoin, Ethereum, Ripple.