To help you in that journey of financial discovery here are four things you need to know before you start trading types of trading theres more than one way to invest your money and before you part with any of your hard earned cash you need to think about the type of investment that you would be confident in the making. Just before the open of the ftse and other european markets traders should look to study the support and resistance levels and the possible reactions to the previous nights trading in the us as well as moves that have occurred in the far eastern markets many traders look to trade european markets in the first two hours when there is high liquidity otherwise traders usually focus between 12pm 5pm gmt when both the uk and us markets are open. The main advantage of trading the financial markets is accessibility depending on the financial market you want to trade there can be no minimum amount required to open a trading account like it is the case with many of the forex brokers who offer leverage and trading on margin or you can open a stock trading account with as low as 5000. Before you start using real cash make sure that all of the money in that trading account is truly expendable if its not the trader should keep saving until it is if its not the trader . The length of time a trader has a position open for can range from seconds to years this timeframe is entirely up to them and relates to their objectives account size risk profile and time they can commit to trading trading requires a more hands on approach than investing and regular assessment of market conditions is essential when traders have open positions
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