Trading, in general, has been around for hundreds of years; it has been the primary method for exchanging goods and services between two or more people. However, this term has been evolving as the years passed, and it's now a globalized concept with several branches that you can study before starting to trade any asset.
There are many reasons why you may have decided to start trading:
Regardless of the reason, trading can be an exciting world with thousands of possibilities waiting to be discovered!
Before diving into recent trading platforms and how you might be able to use them to your benefit, it's important that you know a bit of online trading history. This piece of information can give you a glimpse of how trading has evolved over the past decades and how it might keep growing in the future.
Online trading was born in 1972 when the National Association of Securities Dealers (NASD) programmed a piece of software as the first electronic stock market in the world. This product was called the National Association of Securities Dealers Automated Quotations (NASDAQ).
However, NASDAQ didn't perform like trading platforms nowadays. Back then, the platform still needed a broker’s input to start, which required up to seven days to execute a single trade. When it first started, NASDAQ mainly worked with floor trading, which is when people gathered into a single room and began shouting bids.
In the 1980s, more people started to execute trades by phone, which led to a more efficient trading method. Phone trading lasted until the 1990s, when the Internet started to become widely popular as a better way to execute trades instantly.
NASDAQ is still working to this day, and it has evolved to adapt to recent trading trends, making it the second-largest electronic stock market in the United States.
As you can see, trading has gone through several evolutions, and it's expected to keep evolving as new technology, and trading tendencies come by. Getting access to information is easier than ever, which means that this might be one of the best times to start your trading journey.
Trading is a basic economic concept that has been around for hundreds of years. It's the act of exchanging goods and services; normally, these transactions happen in two ways:
While that's the broader concept, online trading has a slightly different approach. In this "online" variant of trading, you're speculating on different financial instruments prices instead of goods and services. These financial instruments can be many types of assets, such as NFTs, cryptocurrencies, commodities, currencies, and more.
To start trading, you need to follow some basic steps, such as opening a trading account, learning the fundamentals of stock markets, creating a trading plan, and practicing in a demo account if you like.
However, the most important thing to start trading is doing proper research. The stock markets are constantly evolving, making it difficult to keep up with all the information coming in. If you don't take the time to catch up, you may have some issues understanding why the market is behaving in a particular way.
Overall, trading can be done by anyone with an active internet connection and browser, but it takes a lot of dedication and patience to master.
The possibilities of online trading are endless! Many platforms allow you to trade on most assets available on the market right now. If you're just starting to trade, you may be confused about what asset best fits your goals. Below is an overview of the most frequently traded assets.
Non-fungible tokens (NTFs) allow unique items to be represented as Ethereum-based assets. Basically, they act like a deed and prove that the item you are selling or sharing is, in fact, yours. These tokens can have only one owner at any given time, are worth one USD each, and can only be created by you.
Unlike fiat currencies, you can’t create new NFTs or bring them into existence unless you own what is being sold. Each token is digitally unique and needs to have a verified owner that can be cross-referenced and checked before any trading is done.
Fiat currencies are the traditional government-issued currencies accepted in your country as legal tender. In this type of trading, you're essentially trading on currency pairs, i.e., speculating on one country’s currency price against another currency. Some of the most popular currency pairs include EUR/USD, USD/CAD, USD/JPY, and any other variations.
These are recent additions to trading. Cryptocurrencies are digital assets that don't exist in physical form and can be easily obtained from anywhere in the world. To trade on cryptos, you have to speculate on the price a particular cryptocurrency may reach in the future and execute a buy/sell order based on that speculation.
It may be difficult to choose a particular cryptocurrency to trade on at first since there are thousands of them. However, if you're just starting, you may go with the most popular ones, such as Bitcoin, Ethereum, Ripple, Litecoin, etc.
Commodity trading involves agricultural commodities, metal commodities, energy commodities, and many more. The most popular commodities are gold, oil, and other agricultural products.
This type of trading has been around for several years, focusing on the primary economic sector.
Keep in mind that an asset can be any object with financial value, meaning it can be turned into cash. In the case of financial assets, you can find all the instruments mentioned above, as well as bonds, mutual funds, deposits, and much more.
As mentioned before, the trading market is huge, and you can trade on pretty much anything that has value. However, it may be confusing for you at first to find the right asset for you to trade on. Thankfully, CFD Trader allows you to trade on all the mentioned assets with a single platform.
Trading platforms are still a fairly new creation, so it's common to find many using different features, compatibility, and outlook. Finding a reliable trading platform is not a simple task, as some platforms will charge hidden fees, others might be too complicated to read and analyze, and some can also promise unrealistic outcomes which no one can ever truly guarantee since trading is fraught with risk by nature.
CFD Trader was developed by a team of passionate traders and developers, so the platform is geared to give you everything you need to hopefully start your trading journey more efficiently.
CFD Trader is based on accessibility and user-friendliness yet offers some other features that can streamline your trading process. Once you open an account with CFD Trader, you can share your trading parameters and limitations with your account manager, so he / she can alert you when trading opportunities arise that match your criteria.; Some of these parameters involve entry and exit points, the type of asset you'd like to trade on, the level of risk you might be comfortable with, and more. After you do this, hopefully it’ll be easier for you to execute appropriate trades that match your criteria.
Another possible benefit of CFD Trader is that it can ultimately save you time if you use it consistently. The number one deterrent for many people who wish to start trading is lack of time. While trading requires a lot of dedication and research to become good at it, it doesn't hurt to have a helping hand every once in a while.CFD Trader provides that helping hand by giving you all the information you need in one place, so you can do your market analysis on the platform and also use it to practice the knowledge you acquire.
Last but not least, this platform can be used by anyone who has an active internet connection and browser. There's no required level of experience to start using CFD Trader, so if you're a beginner looking to dive into trading, this might be a good solution for you.
One of the most notable possible benefits of any platform is the features offered. It's what makes them unique among others on the market. With the constant creation of new and innovative platforms, it can be complicated to stand out.
Fortunately, the team put significant effort into ensuring that CFD Trader offers users a smoother trading experience, regardless of their current trading level. If you want an in-depth overview of how this platform might help you enhance your trading experience, keep reading!
Most traders do their sessions on a computer since it's a powerful and comfortable device to keep track of all the information coming in. However, not everyone has a desktop or laptop available for trading, making it inaccessible for some users.
To fix this, CFD Trader was designed to be available to any smart device that has an active internet connection. This means that if you have a smartphone or tablet and you want to start trading, you can do it by creating a CFD Trader account.
You can also use this platform on separate devices, so you can have a primary and secondary device for your trades, depending on what you need. The team suggests using a computer as your primary device and your phone as the second one for the most comfortable experience. However, if you don't have a computer, don't worry; you can still access the platform’s features from any other web-based device with a stable internet.
CFD Trader uses its powerful user interface (UI) to do the job. Some developers focus on giving their product a heavy marketing department without working on the user interface. In these cases, you may end up with a product that advertises itself amazingly but performs poorly.
The team at CFD Trader paid full attention to user-friendliness since it's the thing that is going to help you learn the fundamentals of trading. If the platform works well, it can always advertise itself, which is even better!
A comprehensive UI is going to help you streamline your trading process, so you can do the research you need to acquire the know-how and find appropriate trades to suit your goals; and once you learn the fundamentals, it will be easier for you to devise a trading strategy and hopefully make well-informed decisions.
Managing your money is as important as the platform’s functionality. Some trading platforms might make you go through extensive funding or withdrawal processes that can feel confusing, so the team decided to make it as simple to use as possible.
With CFD Trader, you can easily make funding, saving, or withdrawal transactions at any point of the day without much hassle. Any available funds you have CFD Trader are all yours, and you're free to use them however you wish.
Another helping hand offered by the platform to all users is a “Demo” account feature, available to anyone who wishes to experience the platform before they actually make live trades. It essentially works the same way as the real platform, and the only difference is that you actually use fake cash and make fake trades. It is extremely useful if you’re just starting out and don’t have any experience whatsoever, but it can also benefit seasoned traders who are hesitant about their new or adjusted trading strategy and wish to test it before diving in.
Hidden fees can be frustrating. The team encountered their fair share of platforms with various costs and fees back when they were trading, and it definitely a pain point. The team didn't want to make the same mistake as other developers, so they decided to go with transparency in every aspect of the platform.
You don't have to pay any registration, funding, or withdrawal fees with CFD Trader. The only money you need to use is your initial investment towards your first trades.
The easiest part of CFD Trader is signing up. If you want to enjoy all the possible benefits this platform has to offer, you can sign up by following the steps below!
First, fill out the registration form using your contact information:
Once you receive a confirmation email, click on the link to be connected with your partnered broker’s website, where you can log in using your credentials to be redirected to the platform.
Before you start live trading, you will need to fund your account with a minimum deposit of $250. If you’re planning on trading right away, be sure to do it slowly and responsibly, and don’t invest money that you can’t afford to lose.
But more importantly, you can share your parameters and limitations with your account manager, so he / she can notify you when possible viable trading options come up.
Finally, you can begin your trading journey with your first trading session. Again, don’t rush in without studying the market, analyzing trends and fluctuations, and learning as much as you can. You can practice live or “Demo” trades while you’re still learning, of course, but if you want to become a trader, it takes dedication, consistency, and practice. Remember that everyone makes mistakes, but you can learn from your mistakes to hopefully hone your skills.
Having doubts about any new service is common, and it's vital that you clear up as many of them as you can to avoid confusion and hopefully make fewer mistakes along the way. Below is a list of the most frequently asked questions, so if there's anything that you don't quite understand properly, keep reading.
The main difference between assets is the thing you're trading on and how you trade on it. For example, if you trade on NFTs, you are actually trading on unique items represented as Ethereum-based assets. In currency trading, on the other hand, you're buying one fiat currency and selling another, i.e., trading in “currency pairs.”
Last but not least, crypto trading involves trading on the cryptocurrency based on speculation of its future value. Overall, each asset may be slightly different to trade, but with CFD Trader, you can trade on them all, and everything is laid out carefully on the platform’s user interface.
CFD Trader generally doesn't require you to pay anything besides the investment you're planning to make. There are no registration, funding, or withdrawal fees, and you can manage your money in any way you feel appropriate.
To use CFD Trader for, you simply have to register. Signing up for the platform is fairly easy and doesn't take much time.
Yes, you can. CFD Trader was created for every trader, regardless of their current skill level. Every feature in the platform was designed so that beginners can easily get on track. The platform is specifically suited to beginners, as it allows them to learn the fundamentals of trading more effectively and seamlessly.
On the other hand, professionals may also benefit from using this platform to streamline their trading sessions. The team knows how time-consuming this activity can be, which is why they’ve provided you with the means to start your trading journey while still learning the ins and outs of the market.
The team wanted to make a UI that they couldn't get back when they first started trading. It's important to have the right features when you're learning how to trade, especially when there's such a large amount of information on the internet.
Using CFD Trader doesn't guarantee any results or foster unrealistic expectations, as trading is always risky and no one can give you any guarantees. . However, by using learning constantly and dedicating the time and effort, you can hopefully sharpen your skills and learn to identify trading signals and strategies properly.
If you're ready to start your trading journey, fill out the registration form below.