Okay, so you’re probably wondering how one can trade the financial markets. Well, you’ve come to the right place because we have all the answers!
Very simply put, when trading you gotta “buy low” and “sell high”.
Let us give you an example!
Let’s say you would like to buy Apple shares, and they’re currently at $10. So, after you buy shares worth $10, you wait for the shares to go up to let’s say $50. Now, if you sell it for $50, it means you’ve just made a $40 profit!
But when is the best time to buy? Now that’s where the “follow the trend” comes into the picture. We’ll tell you more about this in the next article.
**Now, what happens when the price goes down rather than going up? **
So, even though you bought $10 shares of Apple, it went down to $5. Well, in this unfortunate scenario you need to “get out” with the smallest possible loss. So, don’t wait for it to go all the way down to sell it.
Of course, you’ll hear us saying this pretty much all the time, use a protective stop loss! This way, even if you lose, the damage can be somewhat “tolerable”. Remember, trading is not always full of rainbows and unicorns, it also comes with risks!
Additionally, you also need a good trading strategy. Don’t worry though, you can practice on a demo account until you’re comfortable experiencing the “real deal” with real money. (We don’t mean to brag, but NAGA’s one is pretty awesome!) In the meantime, we can give you tips and tricks that will hopefully help you evolve!
Welcome to the trading world!
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NAGA is a trademark of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange | WKN: A161NR | ISIN: DE000A161NR7.
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RISK WARNING: Trading leveraged products (CFDs) and real shares involves significant risk, including the potential loss of your initial investment, and may not be suitable for all investors. Before trading or investing, you are strongly advised to read and ensure you understand the relevant Risk Disclosure and warnings included in the Company's legal documents section. There is a substantial risk that you may lose all of your initial investment when trading or investing. We recommend that you carefully consider whether trading leveraged products or investing in shares is appropriate for you in light of your personal circumstances, and ensure you fully understand all associated risks before proceeding. 24.46% of retail investor accounts generate profits when trading leveraged products with this provider. Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.
Disclaimer: The content on this page is for informational purposes only and is not intended as a recommendation or advice. Any references to past performance, emulated performance, or forecasts in the Company’s advertisements are not reliable indicators of future results. Customers are solely responsible for their own business decisions or investments.