What’s all the Trading fuss about?
Trading opened the online markets of currencies, cryptocurrencies, commodities, shares and indices, to worldwide investors. With a registration, an online form and the click of a button, they can now connect and invest in more assets than they knew existed.
And what is more to it, is that aside from the obvious risks of losing all your invested capital, there’s a lot more to trading, than meets the eye! Continue reading to find out more.
One thing that really attracts a lot of enthusiasts to invest in this market, is the possibility of trading in both directions. In case you didn’t know, trading allows you to buy or even sell an asset, without having already purchased it.
But why exactly can you sell before you buy?
This is possible because you’re not, in fact, becoming the owner of two ounces of Gold for example, just as much as you won’t have to own 5,000 Canadian Dollars (or pretty much every other asset you’re interested in selling) in your account. You’re just trading.
Since trading means exchanging one asset for another, what you’re actually doing is giving your Available Margin (the funds from your account that are not involved in another transaction) the value of the specific asset you want to trade short.
In case you’re not already familiar with the term, trading short, it means to sell an asset when trading. The opposite of shorting your trade is in fact trading long, which you probably guessed by now, means buying.
The beauty of shorting your transaction stands in the fact that in case the market crashes, you’re in fact taking advantage of the downtrend, instead of losing your finances in the process. So, you’re actually investing in the fact that one asset you don’t own will lower in value. Take that Stock Exchange!
What else can trading offer?
In addition to this, you’ll also have the perk of having all the educational material for free (eBooks, Video Tutorials, Interactive Courses and Live Webinars) at hand, instead of having to attend classes on the matter and dwell in finding the right books, or teachers to explain what goes where, why and for how long.
Not to mention the part where you can place your own trades directly, as opposed to working through an intermediary, that often might also advise you to make the wrong decision – just check the many cases where the markets took unrealistic and unexpected turns.
Moreover, the commissions that these intermediaries often take are pretty high, as compared with eXcentral’s trading spreads and swaps. The fact that these fees are relatively low also gives you more margin to invest, instead of having to pay for your transactions in the markets.
In fact, aside from being able to choose from over 120 assets, from 5 different classes, from various accounts, using over 30 technical indicators, fundamental analysis tools, you’ll also be able to do it all while navigating from a variety of online and downloadable trading platforms and apps.
When trading, with the touch of a button you can simply close your trade, whenever you receive an unwanted notification regarding your finances, the transaction you have opened or the movements that are taking place in the markets at that particular time.
And all this is just the tip of the iceberg. Contact your Account Manager now to find out more about the exciting world of eXcentral trading. Also, make sure to ask about the unique 1-on-1 sessions with our eXperienced Marketing Analyst, Michalis Efthymiou.
Ready to kick-start your trading journey?