Now that you have decided to start trading, Seeing ads everywhere encouraging you to earn from home? When opening Facebook, sitting in the bus, browsing Instagram at university, or scrolling through Linkedin after hours?
You’ve developed some interest about online trading platforms already, scrolled through millions of pages, like Investopedia, and the first three pages found in Google, but still don’t know what’s the easiest way to earn money online?
We, at NAGA, want you to make an informed and calculated decision. So we put together this guide in order to help you start your trading journey and choose the best one for you among the number of online trading platforms available.
How Do I Get Started on Online Trading Platforms?
It’s normal to worry, it’s your money and you don’t want to make irresponsible decisions. Also, your friends don’t trade, so it leaves a lot of concern if you should start, but chin up! We will explain to you in detail how it works.
In three words - we will tell you what you need in order to start investing on online trading platforms and earn from home:
🔵Valid Identity Document
🔵Phone number
🔵Proof of address
Why? E V E R Y Trusted Broker that is licensed and operates in accordance with the AML regulations follows the KYC procedure (Know Your Client). This way you can be sure that you are investing in a safe & regulated place.
Usually regulated brokers such as for example NAGA, after submitting the documents will verify your account within 24 hours, so in no time you will be ready to go!
Where Can I Observe the Charts?
Triumph on online trading platforms starts with access to numerous assets, they all come with their own charts and analysing tools. You can find all this all together perfectly prepared in a convenient and multi-functional online trading platform. If you’re new to trading, you may be a bit confused and not know where to start. Don’t worry, we’ll figure this out for you. And don’t forget - free education is also available by world-renowned educators like Andreas Thalassinos, Jacques Nel and Amine Hiani.
MetaTrader 4
MetaTrader 4 offers leading-edge trading and analytical technologies as well as many additional services. It has everything you need to trade Forex, Stock CFDs, Indices, ETFs and Crypto.
Installation and connection to the popular MT4 platform is as easy as pie. Once you have a trading account, even in a demo version, you can test MT4 for free.
Download the application straight from the website, enter your login and password and you will hear a classic sound - woop - you are already in the game!
You can open positions directly via the server (or via the broker’s website), and then follow the run of your trade and analyse the charts already on MetaTrader.
MetaTrader 5
MT5 is a multi-asset platform, offering exceptional trading opportunities and technical analysis tools, as well as enabling the use of trading robots and a trade copy feature.
This is a comprehensive platform for trading Forex, Stocks and Futures. Compared to MT4, it provides technical support, an economic calendar and DOM (Depth of Market).
If you want to invest in ETFs, ishares and you want more market capitalization or multiple asset classes then MT5 is for you!
Check the offer of both online trading platforms here
Now you know the available options, choose the best one for you!
Don’t want to install the application on your computer? Use the online version!
Prefer smaller screens?
No problem! All 3 platforms are available on the Apple Store and Google Play. You can check charts wherever you are, with an internet connection. Thanks to these applications, you not only have direct visibility into all your trades, both demo and real money ones, but you can also open and close them at any time.
Trading is not just stocks!
What’s the easiest way to earn money online, you ask? There are many ways, and we will let you find the best assets, so you can decide on your own what to invest in. Apart from Real Stocks Trading, with NAGA you can choose to trade Forex and other CFD Stocks, Indices, Commodities and Cryptocurrencies or go about investing in ETFs ! These options allow you to diversify your portfolio and be open to what the markets have to offer.
7 most frequently opened transactions on the Online Trading Platforms:
🔵DAX 30 - To become a DAX trading champion you need technical knowledge, but also a precise look at data on GDP changes, employment, inflation, industrial production and service indices - and here you are wrong, don’t limit yourself to Germany, but look at the whole Eurozone and Great Britain, because despite Brexit it is still firmly connected with Europe. It is also worth paying attention to the decisions of the ECB (European Central Bank) on monetary policy and the level of interest rates. We have watched over and over again how much impact this news had on the asset.
🔵EURUSD - a classic, the alpha choice for Currency traders is the euro-dollar pair, most popular among Polish traders because it represents the two largest and most influential economies in the world. Economic events in the US have a stronger impact on the fluctuations of this pair.
🔵GBPUSD - on this market positions continue to play a very important part despite the growing role of the euro in the forex market. Do you agree with that?
🔵Crude Oil - or maybe Black Gold? This strategic, energy resource plays a very important role in the world. It is worth keeping a close eye on its quotes and following investment opportunities. Compared to, for example, futures contracts, crude oil does not oblige to invest so much capital, which makes it such a willingly chosen asset.
🔵XAG / USD (Silver) - The main reason to expand/diversify your investment portfolio with silver is the number of its uses. From a fundamental perspective, silver prices may recover through increased industrial demand. Is this metal something for you?
🔵XAUUSD (Gold) - The gold market is considered to be one of the simplest, compared to the stock or bond market, not to mention forex. How to invest in Gold? What you need to know is that it’s one of the most traded and valued assets on the markets which gives you plenty of trading entry and exit points. A bullion anyone?
🔵BTCUSD - We know from experience how traders love Cryptocurrencies and this is due to their increased recognition. At the end of the second quarter of 2020, there were 299,733 daily worldwide Bitcoin transactions, which has led to the fact that some investors want to invest in them and others believe in possible profit, due to the previous statistics.
If you would like to extend the list of instruments that you can invest in and explore the possibility for an extra income from home, you can always find useful information that is updated daily on NAGA blog. We work with the Director of Investment Strategy Jameel Ahmad, who in his daily fundamental analysis summarizes the most important information from around the world that could have a significant impact on the market! He also provides you with the spiciest volatility alerts and possible volatility on certain instruments.
Auto-investing
Still not confident about Market Trading? Try Autocopy!
Some online trading platforms have in their menu an option to auto-invest. What does it mean? They provide you with an opportunity to join a social trading platform and not only exchange information with professional investors, but also to trust their knowledge and reflect trades. All you have to do is enter the leaderboard, select a trading leader and start mirroring their moves with just a click of a single “Autocopy” button!
Further Learning on how to Invest on the Online Trading Platforms
NAGA gives you countless learning opportunities in the form of various content (Blog, Academy, Feed) and Live Webinars with market professionals with many years of experience. Thanks to them, you can raise your knowledge to the next level and become a better trader.
Start your Trading Rally and Earn your Place in the Markets!
Now you know what assets traders likely choose to invest, how to start your journey on the online trading platforms & with a broker and what are your options. You can decide for yourself which instruments or methods will be the best choice for you. In addition, you know which applications are used for technical analysis and where to get market knowledge. Remember, everyone has their beginnings, and the Online Trading Platforms themself don’t have to be so scary. If you are looking for a broker, check out NAGA’s offering here.
🧑💻 Happy trading!
