You have decided to get a new job? And you know what a trader, what it does, how to earn money?
Many imagine a successful trader as a player and compare its performance with the game in the casino. But let's see if they are.
By and large, the work of the trader is no different, for example, from the work of a clothing store. The store owner decides the same questions: what is profitable to trade (sale of "feather" in the summer, will bring much less profit than in the second half of the fall), which is in demand by customers, it is convenient to buy the product to get the maximum profit from the sale etc.
That is, the trader and the owner of the store profit equally. Their income - the difference in price between buying and selling.
Although they sell different goods, but they are united one and the same principle:
Buy cheap and sell expensive.
But they are united not only that. They are united and responsibility for their profits.
Trader, as any entrepreneur who works personally for themselves, the risk of personal money.
Trader, as any entrepreneur who is not based on luck, and to their knowledge, their own professional and personal discipline.
How does a trader
Earlier in his decisions traders had to rely more on word of mouth and publications in newspapers, by drawing graphs.
Today, with the advent of computers and the Internet, the trader can get complete information from the comfort of their home, computer programs have saved the trader from having to draw graphics:
- The financial condition of individual countries, sectors and companies that are required for fundamental analysis published on the sites as soon as they exit
- Computer programs not only build for our graphics, but also allow us to apply to them the tools necessary for technical and WA
- Thanks to the internet your orders executed in the market, almost instantly, no matter where in the world you are
- The development of financial markets allows almost anyone to become a trader, even with a small start-up capital.
But first things first
Read more:
- Basic concepts of the Forex market
- CURRENCY - Main goods MARKET FOREX
- What is a currency pair
if you are familiar with these concepts - boldly go to the first class technical analysis when rates fall, and when growing
