Although stocks often respond in a similar way to major economic shocks, each action has its specificities, and each action is influenced by the news that is specific to it. To practice online trading or day trading on stocks, therefore, is first of all to study the activities and performance of companies. This is why it is interesting to focus on a few actions that you will get to know well. The stock exchange opens in the morning at 9 a.m. and closes in the evening at 5 p.m. Most online brokers offer to trade stocks with CFDs, but some brokers, like eToro, allow you to buy stocks for cash as well.
Crypto-currencies: a very speculative market
The cryptocurrency market is a very new market. Cryptocurrencies such as Bitcoin and Ethereum are “digital” currencies, which are based on cryptography and blockchain technology. The volatility of cryptocurrencies is often significant, since they are the subject of intense speculation. And while it is possible to practice technical analysis on cryptocurrency, the fundamental factors to consider are different from other markets. Simply go for the Global CTB review and find the best brokerage platform in this manner.
Both geopolitics and macroeconomic data have very little influence on cryptocurrencies. Their evolution depends on technical factors, the news of the crypto-currency market, and their popularity with the general public, as well as their acceptance by traders. Note that the cryptocurrency market is open 24 hours a day, 7 days a week. It is therefore possible to trade crypto-currencies online on weekends.
Open a trading position
To do this, go to the eToro platform or the one of your choice, then click on “Markets” in the left menu. In our example, we will then go to the “Currencies” tab that you will find at the top of your screen. Good to know – The spread: You will notice at this stage that there are permanently two different prices for each pair of currencies: A buy price and a sell price, the purchase price always being higher than the sale price.
The difference between the two prices is called the spread, and maybe taken as the broker’s compensation. Concretely, for the trader, this means that any position will start losing the amount of the spread, and will start to become profitable from a movement of the amount of the spread, in the direction of the operation.