Financial trading involves the buying and selling of shares and assets. Many people tend to think this is only meant for large companies and the wealthy. The truth is that with a small amount of investment and some knowledge it is possible to make a profit trading, though don’t expect to get rich overnight.
With the rise of the internet, it has now become much easier to trade. This makes it a good source of location independent income if you can master it. Learning to trade has also become more accessible since there is a wealth of knowledge online. There are also professional courses and tuition available, which you can find out more about here. Here are some great resources, both on and offline, to help you learn to trade:
A great way to get practical experience and learn from those who have ‘been there and done it’, is to enrol on a trading course. You will receive tuition from a person with a professional trading background, giving you the opportunity to ask questions and learn in a way that you couldn’t if you were attempting to learn by yourself from a book.
Demo trading accounts
You can try your hand at trading without risking your money, by opening a demo trading account at one of the many online trading platforms. Trading simulators such as Investopedia’s FXTrader allow you to carry out trades without risking real money. This is a great way to practice trading and see how the strategies you have learnt would work in a real world environment.
There are a large number of financial trading books available. Just a quick search on Amazon will show you how many books have been written about trading. A quick search on Google or Bing for ‘best trading books’ or a similar phrase will reveal recommended financial trading reading lists, such as this one.
Financial news publications
One of the best ways to start understanding how the financial markets work and how real world factors affect share and currency prices, are financial news publications. For many traders, much of their day is spent keeping up to date with news that may impact the financial markets. Not only can you learn a lot from reading newspapers such as the Financial Times, but websites such as Yahoo Finance also offer a wealth of information.