For each of us, the Internet can become a source of high and stable income. Take a look at at least the numerous brokers involved in trading currencies, securities and company shares - thousands of people work with them who manage to have good money with this.
Why are you worse? Absolutely nothing! Perhaps you have a talent for conducting financial transactions, and you work as a simple clerk in the office.
If this topic interests you and you would even like to try yourself in this new business, then we bring to your attention an interesting article about the Trading212 platform. The reviews indicate that this company may interest both beginners and experienced traders and that it has serious prospects. Why you should pay attention to it, we will tell further. In the meantime, we describe what the essence of the process is.
Currency Trading
So, as you can understand without any hesitation, earnings on currency instruments from operations with values ​​are based on the basis of trade manipulations. That is, we are talking about buying and selling. With this, everything is very simple: you buy or sell one of the instruments in a certain amount, follow the indicator movement and see how successful your transaction was.
If the value of the product grows, you make a profit if you purchase it, when the instrument becomes cheaper, you were not mistaken if you started selling it.
That, in fact, is all. The basis of profitable work in the financial market is the ability to predict how the exchange rate of currency, gold, oil or gas will change. Trading212 also works the same way. The reviews show that the main thing here is to find out in time about the further movement of the indicator and, accordingly, to carry out the necessary transaction.
Forex or binary options?
At its core, it is similar to Forex trading. Profit depends on how many points you bought or sold in a particular financial instrument. Ultimately, your profit or loss can change quite significantly.
There is an alternative - this is binary options trading. Such a trading mechanism is not the topic of our article today, however, for general erudition, one should also know about it. There, the trading process is somewhat simplified - you only need to predict which way the price will change, and you will receive up to 85-90 percent profit from the transaction if the forecast is correct.
Many experts believe that options are more like a lottery than trading currencies. Therefore, preference is given to Forex. The popularity of the Trading212 dealer , the reviews of which we are going to post further, proves this. Well, now let us consider in more detail the features of this site.
Trading212 Platform
At first glance, the dealer is not much different from dozens of those engaged in intermediation in the foreign exchange market. The company has a beautiful website, which describes many years of experience in the market, gives information about tens of thousands of customers, that they are a subsidiary of the Avus group (this is a large European financial association).
In general, for the average trader, this platform is not unique. The only thing is an interesting trading platform - MetaTrader, which is not familiar to us, has developed applications for mobile operating systems iOS and Android. Thus, Trading212 (reviews confirm this) is a resource for trading on the Forex market using mobile devices - smartphones and tablets.
How to start trading?
Obviously, in order to get started here, you need to install a broker application. It is very simple to do, it takes about 35 megabytes and is freely available in the Google Play and Appstore content directories.
Besides the fact that you need to install the program on your device, in it, of course, you must register. The system allows for two types of accounts - academic and real. In order to try your hand and evaluate how much you understand and are interested in trading in the foreign exchange market, you can safely create a training account. This is very fast, free and not much different from working on this account. The only significant difference is that you are not required to invest money and, accordingly, you will not be able to withdraw the profit. A training record is created with a balance of 10 thousand "training" euros.
Account Creation Terms
In order to start trading for real money, you must have a second type of record - real. It is created empty, with zero balance. You yourself will have to deposit money to trade on Trading212. How to withdraw money later, we will tell. Believe me, this is not so difficult.
In addition to establishing a real account, you will need to register your real contact details, you will also be required to confirm them by sending a passport scan to the addresses indicated on the site in a specific format. Such a procedure is necessary to exclude any fraudulent actions on your part, as well as to identify the person in the future when withdrawing money.
The service’s rules do not prohibit the creation of multiple accounts.
Currency instruments
Find information on exactly what you can trade on Trading212.com (reviews show that many even do not succeed), should be on the official website of the company. In general, eight currency instruments are listed there: the Forex trading platform, oil and gas, gold and silver, Brent crude oil, American, French, German exchanges, indices, and European exchanges. Accordingly, the currency pairs themselves, stocks and rates (within the framework of these tools) can be much larger, which gives the user the opportunity to express themselves in different ways.
It is important to clarify that all these tools are available at different times of the day. Therefore, this information should still be clarified in advance.
Interface
I would also like to say a few words about the interface of the application that Trading212 offers. Everyone can understand how to use it - it has a fairly simple interface. If you want, you can figure it out in a matter of hours.
So, at the first boot we are greeted with a proposal to open a virtual account. As soon as you do this, you will get inside your office, where you will see the tabs “Tools”, “Open Transactions”, “Pending Transactions”, as well as “News”, “Settings”, “Contacts” and so on. We are primarily interested in “Tools”. Here you will see a list of what you can trade. Next, clicking on any currency pair, you will see two buttons (“Buy” and “Sell”) and a drop-down menu with the number of items available for the operation - 5, 10, 20 and so on. After you select the quantity and trade direction for the instrument, the currency indicator will be displayed in the center of the screen, and above, a clear calculation of your profit or loss. At the bottom of the screen there is also a statistic of how many users (as a percentage) conduct a purchase / sale transaction.
The fact that this is easy to handle and easy to understand, reviews confirm, www.trading212.com, in addition to an understandable application, also has various training materials. Let's touch on this topic a bit.
Training
The platform offers free training to its customers. It is carried out in two forms - text materials with a general theory of trade and video courses on how to trade currencies and make profit from it, what you should pay attention to, how to make forecasts and so on.
Having studied all this information, even a complete beginner will have at least some idea of ​​how the market works and how profitable trading is done on Forex and Trading212. Training also allows you to acquire skills that will be useful to you in the future, including when working with other brokers.
Deposit and withdrawal of funds
The service accepts and disburses funds in the following forms: by credit card, by transfer, using PayPal, CashU, UnionPay, DotPay, CarteBleue, SafetyPay, MisterCash and DirecteBanking payment systems . As we see, it is most convenient for a user from the Russian Federation to work with the company through a bank or using PayPal. Other currencies are less common, and payment systems known to us such as Webmoney or Yandex.Money are not accepted here.
The minimum amount for replenishment is $ 150 - this threshold is required for anyone who wants to start trading. Withdrawals are carried out depending on how your account was replenished. The system has a single rule - funds are paid in the same way that they were paid. The commission for withdrawal is 1 percent (it goes directly to Trading212). How to withdraw money, you will understand the account itself - there is a corresponding button.
User reviews
The service has become quite famous in the communities of traders due to the novelty of the idea to develop applications for mobile platforms. In addition, this is a new company, which is beneficial to work with, carrying out trading operations with various financial instruments. Therefore, there are a lot of reviews about Trading212 Pro (the company's trading clients).
They can be divided into two categories: some say that the company is interesting in terms of cooperation, it definitely has a market perspective; others say that they cannot understand, based on the materials on the Trading212 website, how to use the trading terminal and what are the conditions for opening and closing of certain trading instruments. Some users say that trading with mobile devices is extremely inconvenient.
Service prospects
Of course, service cannot be ideal for everyone. There are always people for whom its interface is attractive, simple and convenient, and those to whom it may seem unfinished or somehow confusing. This shows the fact how diverse the Trading212 Pro reviews are.
Nevertheless, the project has the right to be evaluated. It has been on the market for a long time, user deposits are guaranteed by compensations, therefore there is no reason not to trust this company.
And if you would like to try trading in currency values, to show your abilities to analyze the market, to predict various events that can affect economic indicators, then why not try? After all, even starting on a free account is already a new experience.