What is Online Trading?
Online trading is basically the act of buying and selling financial products through an online trading platform. These platforms are normally provided by internet based brokers and are available to every single person who wishes to try to make money from the market.Most brokers, like iFOREX, provide a variety of financial products including Shares, Commodities, Indices and Forex. While trading Shares like Google or buying and selling Commodities like Gold or Silver might be quite familiar, Forex trading has gained extreme popularity over the last couple of years due to some of its major features.
What is Forex?
To make this simple, imagine you are getting ready for a trip to New York and you exchange 500 Euros into Dollars. A week later, your trip is unfortunately cancelled and you decide to change your Dollars back into Euros. Surprisingly, you end up with 505 Euros: a profit of 5 Euros!
This is known as a profitable foreign exchange trade. You initially purchased Dollars at a certain rate of exchange and during the week that followed, the value of the Dollar went up against the value of the Euro.
Without even meaning to do so, you managed to make a small profit as you bought your Dollars at a low rate and sold them back at a higher rate - the aim of any successful trade.
Nowadays, there is no need to go to a bank or post office, or even leave your house for that matter - you can simply trade online using your home computer or mobile phone.
As mentioned above, from the palm of your hand you can trade Forex, which includes currencies such as the Dollar or Euro, a variety of Commodities such as Gold or Oil and even major market indices.
Here are just a few examples of products you can trade with iFOREX:
You don’t have to be a professional to trade online. You can open a trade by selecting a product, amount and direction, and close it if your trade is in profit at any time you choose.
Lower spreads on every deal
With iFOREX you can open trades with some of the most competitive spreads in the industry!
On top of our lower spreads, we take care of our customers by providing them with further spread discount campaigns!
Leveraged Trading
Typically, if you buy at a low rate and sell at a higher rate -
then you will make a profit. However, if you invest with only a small amount, the profit you can make will also be relatively small. By trading with iFOREX you can use leverage of up to 400:1
When using leverage you can increase your purchasing power and simultaneously increase your profit
potential. Instead of a 5 Euro profit you made when you exchanged your 500 Euros to Dollars and back, you could have made a profit of upto 2,000 Euros.
Please note that while trading with leverage can work in your favor, it can also work against you and cause higher losses. Just remember that with iFOREX you can never lose more than you invest!
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