An online trader’s journey starts with knowing the risks and benefits of the trade. Because online trading involves investing your hard-earned financial resources, one other thing you should invest in is to educate yourself.
More people worldwide are exploring online trading as a way to earn money. It provides the opportunity for people to buy and sell stocks, currencies, commodities, and other financial instruments through an online trading platform. This makes it accessible to anyone who has an internet connection.
Finding the right resource is crucial when learning online trading. With the amount of information available on the internet, scourging for credible sources can be a challenge. It is therefore imperative to have a learning partner you can trust to guide you every step of the way, a reputable organization backed by industry experts.
SmarTrade, the education partner in the Philippines of globally acclaimed broker ATFX, has helped more than 22,000 Filipinos in their online trading journey through workshops, learning sessions, and one-on-one coaching offered for free. All you need is to invest time and effort plus the willingness to learn and continue adding to your knowledge of online trading.
“The goal of SmarTrade is to promote financial literacy to the Filipino community because we believe that sound financial management is one of the ways to a more secure and better future for generations to come,” says Joyce Mayo, President and CEO of SmarTrade. “SmarTrade’s free resources, learning sessions, and one-on-one coaching is a testament to our commitment to this goal.”
Edwin Saguibo, Head of Learning and Development at SmarTrade, encourages novice traders to start by educating themselves and shares why this is a necessary investment.
“Online trading or forex trading is a risky business. Knowing how it works will help you avoid falling victim to scams and frauds which are present in the industry.”
“Educating yourself can help you analyze data and make informed decisions,” he adds. “Gold, forex, crypto, and other financial instruments can be volatile, their prices fluctuate quickly. If you don’t know the basics, you are more likely to make poor decisions and be easily swayed by misinformation or even make decisions based on emotions rather than logic.”
Another benefit of having the right knowledge and understanding of the market is that it enables you to develop a strategy to help minimize your losses. “At SmarTrade, we conduct learning sessions on Risk Management to familiarize you with the fundamentals of trading and help you implement effective risk management techniques. Lack of knowledge can lead to heavy losses in online trading. Even experienced traders lose money when they dive into trading blindly,” says Saguibo.
“Education also builds your confidence. As you expand your knowledge, you become more confident about your trading decisions. Your knowledge helps you to build your own trading strategy based on your skills and, most importantly, your risk tolerances.”
Online trading can be a great way to earn money, but it doesn’t come without risks. Educating yourself on market trends, trading techniques, and risk management beforehand is essential. Invest your time learning the ropes and improve your trading skills to achieve long-term financial success. For details on how to join SmarTrade’s free learning and coaching sessions, visit www.smartradeph.com.