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What is Online Trading?

Generally speaking, trading has been around for hundreds of years, and it has been the main method of exchanging goods and services between two or more people. Nonetheless, the term 'trading' has been evolving as time has gone on. It's now a globalized concept with numerous branches that a person may study before actually beginning to trade an asset.

There are endless reasons as to why you may have decided to begin trading. However, here are some of the most common reasons:

  • You came across the topic of trading while internet surfing.
  • A friend has told you about it.
  • You may have read something about it.

The reasoning behind getting into trading doesn’t really matter. The truth is that trading is an exciting exploration that holds thousands of different possibilities that are yet to be discovered.

What are the Features of Online Trading?

As previously mentioned, trading can be classified as a basic economic concept that’s been around for hundreds of years. Trading can be seen as the act of exchanging goods and services. Generally speaking, these exchanges can be conducted in two different ways:

  • Two legal entities exchange the good or service without any additional fees being incurred.
  • A transaction fee is applied to the buyer when exchanging goods or services.

While this is quite a broad trading concept, online trading is equipped with a slightly different approach. When looking at the ‘online’ variant of trading, you’re basically conducting trades that exchange different financial instruments instead of a good or service. These financial instruments may be various forms of assets, like currencies, commodities, cryptocurrencies, and CFDs (contracts for difference).

When starting to trade, you’re going to need to follow a few basic steps. These steps include opening a trading account, studying the fundamentals of stock markets, creating a trading plan that incorporates these fundamentals, as well as practicing in an online stock simulator to help improve your trading skills and apply the knowledge you have learned.

However, the most vital element when starting to conduct trades is to do the proper research. The stock markets are forever evolving, which makes it difficult to keep up with all of the information being generated. You may find yourself experiencing some issues in understanding the behaviors of the market you’re trading in if you don’t take the time to read and implement new information on the

What are the Assets You AreAble to Trade with PrimeBit Profit?

The possibilities within the trading world are virtually endless. These days platforms provide you with the ability to trade the majority of assets currently available on the markets.

You may be confused about which assets are going to help you best achieve your trading objectives if you’re just starting in the trading world. We have provided you with information pertaining to the most frequently traded assets to better understand the assets you can trade with.

Currencies

Currencies form part of the traditional assets. These assets include CAD, GBP, EUR, and USD. When conducting trades with currencies, you're essentially making these trades in currency pairs. An example of these currency pairs would be that whenever you're going to be conducting a currency pair, you're going to essentially be selling a particular currency and buying a different one. When trading currencies, you're going to find that some of the most popular currency pairs are USD/JPY, USD/CAD, EUR/USD, as well as many others.

Commodities

Commodity trading revolves around energy commodities, metal commodities, agricultural commodities, and many more. When trading commodities, you're mainly going to be dealing with oil, gold, as well as other agricultural products. This particular type of trading has been around for various years and focuses on the primary economic sector.

Cryptocurrencies (I.E Bitcoin and Ethereum)

Cryptocurrencies are a recent addition to the trading world and can be described as digital assets that aren't tangible, as these don't exist in a physical form. In addition to this, cryptocurrencies may be easily transferred and obtained from anywhere in the world.

In order to trade cryptocurrencies, you're going to have to speculate on the cost a specific cryptocurrency may reach in the future and then conduct a buy or sell order on this suspected value. It might prove to be incredibly challenging to select a particular cryptocurrency to trade with at first as there are hundreds to choose from.

Nonetheless, if you're just starting in the cryptocurrency trading world, you may wish to go with the most popular options. These include Litecoin, Ripple, Ethereum, and Bitcoin.

Contracts for Difference (CFDs)

CFDs can be described as a contract made between a broker and an investor. When a contract comes to an end, both of these parties exchange the difference in a specific financial instrument's prices when opening and closing the contract. When looking at this in trading, these CFDs revolve around the speculation of how high or low a particular financial instrument's value is going to be in the future.

Many people struggle to understand the difference between traditional trading and CFD trading. The primary difference between these two types of trading is that you're not directly trading the assets when trading CFDs, which is unlike traditional trading. When conducting CFD trading, you're essentially trading a specified number of units that are being generated from that specific asset.

How was Online Trading Created?

Online trading was established in 1972. This resulted from the National Association of Securities Dealers (NASD) programming a piece of software that was designed as the first electronic stock market on the planet. This was known as the National Association of Securities Dealers Automated Quotations (commonly referred to as NASDAQ).


One can only imagine, there have been many changes to trading software since then. Back when trading software was still a new concept, the NASDAQ primarily worked with floor trading. This was when people collected into a room and shouted their bids or buy/sell requests.


Trading grew in popularity as people started executing trades on their phones. This lead to more efficiency being brought to the software. Phone trading remained popular until the 1990s, when the internet started gaining traction as a better method of conducting trades without losing a lot of time.

What are the Advantages of of Using PrimeBit Profit?

One of the most important elements making up any trading software is its features. We pride ourselves on the excellent features we have equipped our trading software with. In this industry, it's challenging to create a trading software that stands out from the rest, however we are the only developers that use an OLAP cube.

This is because of the constant creation of innovative technology. However, we have worked extremely hard to ensure that we created a trading software that allowed us to stand out from the crowd. We have done this by incorporating features that bring many benefits to those who use our trading software. Some of these benefits include:

What Is An OLAP Cube?

An OLAP Cube is system which provides analysts with multi-dimensional data. Online analytical processing is a computer-based or algorithmic method of analyzing data in order to derive insights. The term "cube" means a multi-dimensional dataset. In other words, the data is retrieved and presented in a way which allows the signals to be executed with minimal risk and maximum data-driven efficiency.

No Hidden Fees

We know that hidden fees can be highly frustrating. We've seen so many platforms with hidden fees and don't wish to be another. That's why we, as developers, have chosen to operate with absolute transparency. This means we don't incorporate any hidden costs into our platform.

Best Money Management Features

It's imperative to be able to effectively manage your money on any platform. However, some platforms make the withdrawing and funding processes extremely drawn-out and possibly confusing. That's why we decided to equip our money management applications with a process that is easy to understand and conduct.

Top-Notch Technology

We rely on robust algorithms in order for our trading software to effectively help you conduct trading activities. In our journey of creating this software, we paid close attention to the finer details making up this trading software. We did this because we wanted to offer an effective mechanism that's going to help you choose the right trades, as well as learn the fundamentals of trading. In having these features, we're able to provide technology that allows you to conduct trading and improves the trading skills of those who use the software.

The Registration Process

We have designed our registration process to be incredibly easy and quick. We have done this so that you can spend more time trading and less time dealing with the process of setting up your trading account.

To start receiving all the amazing benefits that we have to offer, become a member of the Cfds-Trader.com community, and start trading today. All you need to is follow the steps listed below.

Step One - Register with Us

We ask for a very limited amount of basic information from you to ensure your security and safety while using our platform.

Required details would be your First Name, Last Name, Email, Phone Number, and a password of your choosing. Remember to keep this information easily accessible as you will need it to login.

Step Two - Phone Verification and Funding

Once you have successfully verified your account via phone, you’re going to need to fund it in order to get started.

This is the stage where you’re going to need to make an investment. This is the money that’s going into your trading account and is used to fund your trades. It’s important to note that we don’t have control over this money; you do. In addition to this, we also don’t take a percentage of this money. It’s only your money that you can use however way you feel necessary.

Taking your time and carefully setting up your account is going to provide you with many benefits. This stage is arguably one of the most important, so we recommend dedicate some time to set up your account properly.

You don’t need to worry if you’re a beginner without any previous experience in trading, as our platform is going to lay out each feature for you to look through and understand. In addition to this, we’re also going to give you recommendations on what you should do for your first live trading session.

Step Three - Start Trading and Generating Profits

The final step is possibly the simplest and the whole reason for signing up in the first place. After you have funded your trading account, you then have the opportunity to start trading with our PrimeBit Profit software!

All you need to do is select the button labeled ‘Trade’ to begin. You should also remember that you can change your trading parameters whenever you feel that it’s appropriate.

Frequently Asked Questions

It’s common to have doubts about any service. Many users have very similar concerns about trading software. We have identified a few of these concerns and have answered them to help shed light on the topic and clarify any worries you may be having. Here are the answers to some questions you may have:

Can I use Primebit profit app if I don't have any trading experience?

Yes, you are able to use our trading software. We have created primebitprofitapp.com for every type of trade. As our software is equipped to adjust to these varied skill levels, it doesn’t matter your skill level. However, we also have specifically designed every feature on the app with beginners in mind. We carefully explain each element so that those who don’t have much experience can easily get on track.

In fact, our piece of software has been formulated in such a way that it’s excellent for beginners because it serves as a vehicle for these traders to learn the trading fundamentals more effectively and without the stress factors that are commonly involved in traditional trading.

Additionally, professionals can also use our trading software as a method of saving time in their live trading sessions. As professional traders, we understand that trading can be incredibly time-consuming. That’s why we’ve incorporated technology that can help you manage your time more effectively.

What is the difference between each of the assets that I can trade with?

The primary difference between assets is the specific thing you’re trading, as well as how you’re choosing to trade it. For example, you’re not trading the complete asset itself in Primebit profit app. You’re actually trading a specific number of units that are coming from that asset.

On the other hand, when it comes to currency trading, you’re essentially buying one currency and selling another. This activity is known as ‘Currency Pairs.’

Crypto trading is also different from the asset mentioned above trading. This type of trading involves trading the cryptocurrency itself, basing its cost on what it’s future value is going to be.

As an overall view, each asset is slightly different when trading. However, when using our software, you’re provided with the ability to easily tell each asset’s difference. This is because we conveniently lay everything out in our user interface.

Are there any costs involved in using the Primebit profit app?

At primebitprofitapp.com, we don’t require you to pay for using our platform or trading software. The only amount you’re going to need to pay is the investment you want to make. This investment is what you’re going to use to fund your trades and is only your money.

When using our platform, you can rest easy knowing that we don’t charge you any funding, registration, or withdrawal fees. In addition to this, you’re also provided with the ability to manage your money in any way you feel appropriate.

However, in order to use primebitprofitapp.com for free, you are going to need to be part of our trading community. You can become a member of this community by signing up and registering a trading account with us. This process is incredibly straightforward and effortless and only takes a few minutes.