How to get started in the fast paced world of trading

Julie Brownlee, Fsp Invest, 14 Oct. 2015

Tags: trading, how to start trading, what to trade, trading instruments,

If you want to start trading, you have to make some decisions.

You need to decide what you want to trade.

Once you know this, you can decide what trading instruments are best for you.

And before you begin, you must consider the risks involved.

Let’s take a closer look…

What to start trading?

If you want to start trading, you need to work out what you’re going to trade.

You have a number of options, including…

  • Shares;
  • Indexes;
  • Commodities; and
  • Currencies.

You may already have an interest in one particular market which will make this choice easier for you.

Depending on what you want to trade will determine what trading instrument to use.

What trading instruments you can use

Here’s a quick rundown of the different trading instruments you can use…

Single stock futures
You can trade these for shares and indices. You trade single stock futures through a stock broker.

Currency futures
You trade these for currency pairs with the rand against other major currencies. You also trade currency futures through a stock broker.

Commodity futures
You trade these for commodities. You need to use a stock broker to trade commodity futures.

Contracts for difference (CFDs)
You trade these for shares, indices and some providers offer currencies. You can trade CFDs through a stock broker or trading company.

Spread trading
You can use spread trading for shares, indices, currencies and commodities. You can spread trade through trading companies.

The risks of trading

Before you consider trading, you need to weigh up the risks.

The risks are higher with trading than with investing. You can lose more than you initially put down.

If you’re not happy taking on higher levels of risk, then trading isn’t for you.

So there you have it. How to get started in the fast paced world of trading.

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