This type of trading has the same foundation: You buy an asset and sell it at your convenience. The thing about online trading is that you (as a trader) have to work to gain something from that process. A trader’s main goal is to capitalize on short-term transactions and market events.
Generally speaking, your goal is to purchase the asset when its price is low and try to sell it when its price goes higher, which leaves you with a slight profit. While the process can vary slightly depending on the asset you’re trading, they all have the same foundation.
Most people decide to start with fiat currencies or cryptocurrencies since they’re the most popular and common ones today. However, other people decide to go with stocks, bonds, commodities, and many others.
There are four main properties that identify every asset, which can help you determine if they’re the right fit for you. In this section, we’re going to go over each one of these properties to give you a clearer idea of what you can do to choose a particular asset to start trading.
A common mistake by beginners is that they go for the asset they believe is the most popular at the moment. In most of these cases, they don’t know anything about that particular asset, leading to a huge number of mistakes while trading.
You should always trade an asset that you understand and feel comfortable with. If your current knowledge specializes in cryptocurrencies, trading that asset may be a great way to start. As you get more experienced, you may try to trade other assets as long as you research them before.
Keep in mind that it’s not recommended to trade many assets simultaneously since it can confuse you. If you’re starting, it’s better that you focus on one asset until you get better at it.
This may sound a bit complicated at first, but it’s also an important thing to note while choosing an asset. Before you choose it, take a closer look at its price movements; if the asset has been moving upward or downward in value recently, it’s a good option. On the other hand, if you choose an asset that hasn’t moved in value for a long time, it’s unlikely for you to do anything with it after you buy it.
Liquidity involves the rate between supply and demand for that asset. In trading, you should always look for a highly liquid asset, which means that there’s a high demand for it. If you choose an asset with higher demand, you’re probably going to find buyers at any time.
For example, if you’re trading cryptocurrencies, Bitcoin or Ethereum can be a great choice since they’re fairly high in demand right now. However, if you go with a cryptocurrency like Tron, you’re not likely to find any good trading opportunities.
The market can turn from a normal one to a completely volatile one in a matter of seconds; this is because financial decisions taken by governments or important events in society can have an impact on the asset you’re trading.
In that sense, you should always be on the lookout for economic data that may affect a particular asset. If you’re a beginner, you may want to avoid trading these assets since trading in a volatile market can be extremely complicated if you don’t know how it works. As you get better at trading, you may take your shot at these complex situations.
Now that you know the basics of trading, you may be wondering how we can help you. As you may have figured out by now, trading involves a lot of studying and patience; all of that process takes a huge amount of time, which can affect people with tight schedules.
In these cases, having a tool that can help you with your trades can be a life-changing scenario, and that’s what The News Spy is for. We’re aiming to provide a tool that everyone can use regardless of their goals or the assets they want to trade. It works in a simple way: You give the app the data that it needs to start trading (preferred asset, entry/exit points, quantities, etc.) After that, the app is going to use advanced algorithms to look into a particular market for appropriate trading opportunities for you.
Thanks to that process, you don’t have to spend several hours looking at each market to find a trading opportunity. Instead, all you have to do is spend a few minutes setting up the app each day, and you’re good to go! Even if you’re already a professional, using this app can help you to save some time in your sessions, which allows you to do more research or do any pending activity that you may have. Overall, this is a great option that most traders around the world can use to their advantage.
Aside from the technology that makes The News Spy a powerful piece of software for any trader, here are some other features that we decided to include in our app for a smoother and more effective experience:
To gain access to The News Spy’s features, you need to become a member of our trading community. Currently, our sign-up process can be done at zero cost, so if you want to have a glimpse of what The News Spy can do for you, now it’s the best time to become a member!
Here are the steps to setting up your The News Spy account:
Fill out our registration form with your accurate contact information so that we can create your account instantly. Right now, the information we require is basic, and it consists of your full name, e-mail address, and phone number.
After verifying your account, you can enter the app to see everything that you can do in it. Before you start your first session, you need to fund and set up your account, which takes you a few minutes of your day.
Review your information thoroughly and click on the “Trade” button to start.
Do you have any more questions regarding trading or The News Spy? Make sure to read our FAQ question to find all the answers you need!
Yes! We don’t charge you any fees at any point of your registration process. Besides your investment (which you can choose according to your needs), using The News Spy is completely free of charge.
You can trade from any device with an internet connection and browser. For example, if you want to trade while you’re outside your home, you can easily do it by accessing the app from your phone or tablet.
This can vary depending on the trader, but the highest indicators that you’re making progress is when you notice that you’re taking less time to set up the app, and you also have a better understanding of what’s happening at each trading session. Remember to be consistent!
All it takes to become a good trader is dedication and patience. Your improvement is not going to come overnight, so make sure that you’re consistent with your sessions and do as much research as you can to know how to act in particular situations.
If you want to become a member of our team and get started with our trading tools, register today and open up the The News Spy app!