And we will explain that stock trading or forex, is different from binary options trading which some time ago had a boom because of the affiliate case.
What is Trading?
Trading is a trading activity of buying and selling an investment instrument which is carried out in a short time to get a profit or profit. So don't be surprised if today many young people are interested in becoming traders, because they can get practical and fast income.
While the term investor is different from a trader, because an investor is a person who actually invests in an asset and holds that asset for a long time to be able to make a profit.
You can trade in the forex market or the stock market. Because in the forex market you can buy and sell currencies, while in stocks you can buy and sell company shares. So in these two instruments there are really goods that are traded.
It is very different from binary options trading, where we do not have any items to buy. We only guess whether the price will go up and whether the price will go down. If our guess is wrong then the money we invest will run out or all will be lost.
Whereas in forex or stocks, when we have bought a currency or stock, if the price goes up we will get a profit, and if the price goes down we will experience a loss. But the loss here does not immediately run out the value of the investment depends on the percentage decline in the price of the currency or shares that we buy.
In forex and stock trading, it is normal for prices to rise and fall. Therefore, before buying forex or stocks, make sure you have enough knowledge. So you can analyze when is the right time to buy and when is the right time to sell or take profit.
Learning Trading Tips for Beginners
If you are still a beginner in the world of forex or stock trading, you really have to learn a lot of basic things from both investment markets. Because if you don't have the right knowledge, then you can experience continuous losses while trading.
Before trading, you should consider the following:
1. Find a Quality Broker
To determine a trusted and quality trading site, you find it by looking for a broker who already has official legality. If you want to get into forex trading then you have to look for a forex broker that is officially registered with BAPPEBTI. Meanwhile, if you want to trade stocks, make sure you choose a stock broker that is officially registered with the OJK.
To find out a trusted forex broker, you can check on the BAPPEBTI website, and to find out a list of trusted stock brokers, please open the OJK official website.
2. Choose the Right Investment Instrument
Both the forex market and the stock market have their advantages and disadvantages. So when you want to trade on these two investment instruments, you have to understand the risks that you will have to face later.
So before actually trading, study the advantages and risks that you will face when trading forex or trading stocks.
3. Discipline
To be a good trader, you must have a disciplined attitude. In trading you must apply a disciplined attitude when implementing a trading strategy. One of the important things in trading is to carry out cut loss discipline. Cut loss is done when the loss you experience has reached the limit of risk of loss that you can tolerate.
When trading trader psychology you have to form it carefully. Make sure when you're lucky to rest and control your emotions. When you are boncos, you also have to take a break and control your emotions to analyze what factors are your trading.
Tips for Choosing a Trusted Trading Site
So that you are not deceived by illegal or fake trading sites, make sure you know some tips for choosing a trusted trading site below.
1. Check the OJK and BAPPEBTI websites
As explained earlier, to find out which trading site you want to follow is illegal or legal. The method is easy, for forex trading sites you can check the list of official forex brokers on the BAPPEBTI website. As for stock trading sites, you can check brokers or legal securities registered on the official OJK website.
2. Deposit Amount or Initial Deposit
The trading site will offer various terms of initial deposit or initial deposit for its customers. For that we can look for trading sites that offer a small initial deposit, because you are just learning to trade.
3. Check Transaction Commission Fee
When choosing a trading site for beginners, you should check the transaction commission fees. Because every buying and selling transaction in forex or stocks, of course, the trader will be charged a transaction fee. Look for trading websites that offer low commission fees.
4. Check the Trading Platform Used
The trading platform will greatly affect the ease with which you trade. So make sure the forex or stock trading site you choose has a trading platform that is easy to use and has full features.
