How to open a trade4 Steps To Open A Bo Trade
Once you have opened a real account on a broker, to start trading you need to open positions.
How would you do that?
The 1st STEP is to choose an asset you want to invest on; you can choose among these categories:
- currency pairs/Forex
The 2nd STEP is to select the expiry time you want to give your trade; you can choose among:
-short-terms expiries which go from minimum 30seconds to maximum 300seconds;
-intradayexpiries which go from 5 minutes up to the end of the current day;
-long-terms expiries which go from the end of the current day on (end of the week, end of the month…)
The 3rd STEP is to pick a direction:
-if you think the price will go higher than the current one, you invest on CALL/HIGH
-if you think the price will go lower than the current one, you invest on PUT/LOW
The 4th STEP is to place the amount you decided to invest; every broker set a minimum amount per trade so you can decide to invest that amount or more.