Today, earning money from your home is simpler than ever. There are many methods to generate money online. Whether you are a stay-at-home housewife, mom, a student, working a 9 to 5 job and getting tired, or trying to get out of the rat race and trying to make money and get the freedom of life. This content is for you, my friend. There are so many ways to earn money online but the method I am going to tell you now is the quick and easy ways to earn money online and become rich. It’s trading. Yes, you heard it right. It is one of the quick and easy ways to earn money online. If you are new to this term. I will explain to you what is trading. How to start? Why trading is the quickest way? Where to learn? How it works? Everything you will know in this content.
What is trading?
Basically, trading is buying and selling assets, crypto, foreign exchange, stock, and shares for a short period of time. For example, suppose you buy an asset at the price of $10 and you wait until the price goes up. Then you sell that asset at the price of $20. So you make 10 dollars profit from 10 dollars. That’s an easy term to understand. We will discuss it in depth.
How does trading work?
As I mentioned there are a lot of assets you can trade. To understand how trading works we take EUR/USD as an example. Suppose you choose the asset of EUR/USD to trade. You have 50 dollars in your account to trade. Now you can buy it or sell it. If you buy and the market goes up then you are going to the profit. On the other hand, if you sell it and the market goes down then you get the profit and vice versa.
Confusion
But many of you have one question in mind or in doubt if I buy and the market goes up then I get the profit. It’s okay. But if I sell them and the market goes down then how I can earn a profit? The answer is when we trade on EUR/USD. If we buy that’s mean we are buying Euro using our USD. When the market goes up. That means the price of the euro is increasing compared to the USD. And we buy EUR. That’s why we are going to profit in this way. Now let’s discuss the selling point. When we sell EUR/USD that means the money that we have in our account in USD. We invest that money in USD. And when the market is down. That means the exchange rate is changing and the euro is going down compared to USD and that’s how we get the profit from selling. Hope that all the confusion is clear.
Why trading is the quickest way to earn money online?
We will take an example so that we can understand why we should choose trading and why it is the quick and easy ways to earn money online. Suppose you have 100 dollars. You invest it in trading. Your daily target is to get 10% profit of your capital. If you gain 10% profit. You will stop trading for that day. In this way, in one month your 100 dollars will turn into 800 dollars. Next month it goes to 6400 dollars. And after that next month, it goes to 50000 dollars. 10% achieving every day is not a big deal Who knows how to trade. That’s why trading is the quickest way to earn money online.
Where I can learn to trade?
Look trading is not gambling that just trades buy and sell randomly. It’s a game of probability. You have to learn about trading to get long-term results and consistent profit from it. You can find here everything related to trading. Candlestick patterns, chart patterns, indicators, different strategies, how to manage risk in trading, money management, emotion control, and so on. if you want to know more about
Why does everyone choose trading as a career nowadays?
The equation is simple. Trading needs just some basic skills which you can acquire within a very short period of time. Secondly, trading is full of freedom. It takes only two or three hours a day to trade and you are free the whole day. Thirdly it has the potential to make you that much richer than you can’t imagine. Suppose you are working 9 to 5 jobs or some other business that brings you $1k dollar per month. If you don’t waste a single penny on food, clothing, traveling, or something else. And if you want to buy a Lamborghini. It will take over a decade to buy a supercar. So now you can understand maybe $1k or $2 enough for you. But not enough to buy a supercar. There are a lot of young boys whose age is between 16-24 and who have so many supercars. How they did it. They did it because of Trading.
How to start?
To start trading you need some basic knowledge which I have already given to you. You just need to practice only one strategy and work on it. Choose the trading strategy that is suitable for you. Master of your strategy. Practice, Practice, and practice. Remember no trading strategy is 100%. So you may get some losses. But don’t change the strategy. Stick to your strategy. Set an amount that if you lose that amount. You will get out of the market for that day. Control your emotions, use risk management and money management. I have already written about those topics and how to use them. You can check it out.
Which platform should I choose to trade? There are a lot of brokers that you can do trading with. But not everyone is good. Some give you more spread which is not good for you. For some of them, you can do only forex trading. Can not trade with crypto and commodities. Some brokers give a huge slippage which cuts off a major part of your profit. But the list I give you is the best broker at the current time. You can deposit and withdraw money with lightning speed. Very low spread with lots of assets that you can trade. Here is the best broker to trade.
Those brokers are the world’s top brokers who already have given their service almost for a decade. Very trustworthy with instant 24/7 helping service. If you want to start your trading journey. These are the best options for you.
Which strategy should I use in my trading?
There are a lot of strategies. You don’t need to learn all of them. Just learn one strategy that works Best for you. Stick to your plan. Most of the people fail in Trading because they just keep changing their strategies. If any strategy doesn’t work for two times. They look for another strategy that is not appropriate. That’s why always stick to one strategy. Because no strategy is 100%. If you can make a profit from the strategy you choose. It will give you profit again. So don’t change the strategy. You can customize your strategy to make it more effective. To increase your winning ratio. Work on only one strategy. There are some most popular strategies. Let’s choose which works best for you.
Very Strong Support and Resistance
Supply and Demands Perfect Entry
Different types of trading
Swing trading
Swing trading is a kind of trading where a trader tries to catch a swing and trade with the swing. According to the swing, the trader may take a long (buy) or short (sell) position. The market moves ups and downs. But not straight up or down. It makes a curve and moves like a (V) shape. The trader tries to catch the curve and trade with it. It takes maybe 1 hour or 1 day or even 1 month. It depends on the chart that you using in which time frame. If you don’t know what is time frame on the chart. You can read about the time frame.
Day trading
Day trading is a kind of trading where you trade for a maximum of 1 day. That means you can hold your position maximum for one day Whether it’s loss or profit. You can trade for 1 hour, 2 hours, or even 5 minutes if you earn a profit. It depends on you. But the maximum range is 1 day.
Scalping trading
Scalping is very short time trading. When you trade on short time frames like 1-minute, 5 minute, 10 or 30-minute candle timeframe then it’s called scalping. If you don’t know about charts and candles. You can read in detail about charts and candlesticks These are the basic types of trading styles. There are more. But these are the most popular ones. Look every trading style don’t need different accounts, broker, or skill. You can do all of these using one account one broker and just learning one skill.
Different trading assets
Trading assets may be different things. But they work all the same. You can use your one strategy for forex, crypto, stocks, and commodities as well. Let me tell you a little bit about these terms.
Forex
A global exchange of market for national currencies is known as FX or Forex or Foreign exchange. Forex markets typically rank among the biggest and most liquid asset markets in the world due to the global nature of trade, commerce, and finance. As exchange rate pairs, currencies are traded against one another.
Crypto
Trading cryptocurrencies involves making predictions about their future price movements. Using a trading account for trading or using an exchange to purchase and sell the underlying coins. Trading cryptocurrencies is like trading on Bitcoin, Ethereum, Dogecoin, lite coin, and so on.
Stocks
In stock trading shares of publicly traded corporations are bought and sold. This frequently happens on stock exchanges like The New York Stock Exchange (NYSE) or the Nasdaq stock market in the United States.
Commodities
The purchasing and selling of raw materials or basic agricultural goods is known as commodity trading. Often referred to as commodities, these raw materials can include things like oil, gold, wheat, coffee, and more. Futures contracts, options, and physical trading are just a few of the different ways that commodities can be traded. It is essential to the functioning of international markets because it enables producers to protect themselves from price changes and investors to make speculative bets on them. These trades are made possible by commodity exchanges like the Chicago Mercantile Exchange (CME) and London Metal Exchange (LME).
Conclusion
The global Trading market size reached US$ 753.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 1,143.2 Billion by 2028, exhibiting a CAGR of 7.2% during 2022-2028. So now you can understand how big the market is. There is no alternative to get a quick way to earn money online. Because if you want to become reach. Today or tomorrow you have to join this market. So why not now? That’s why trading is a quick and easy way to earn money online.