Trading is the act of buying and selling financial instruments like CFDs with the goal of making a profit. The instrument can be a currency pair, commodity, stock or index.

Developing a Trading for Beginners plan will help you get started and work towards your goals. It will include an outline of your investment goals, risk tolerance and specific trading strategies. You can also test out your plan using a virtual trading simulator. This will allow you to familiarize yourself with market behavior and the trading platform without taking any real money risks.

Beginners should avoid day trading and focus on swing trading strategies. These are less time intensive but still have significant risks. They also require a high level of mathematical and analytical skills, and discipline. Scalping is another popular style that requires high levels of both. It involves placing orders as soon as markets open, which can contribute to price volatility and increase your chances of losing money.

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It is also a good idea to diversify your portfolio with a variety of different assets. This way you will be able to take advantage of price fluctuations and maximize your potential profits. Online brokers, such as CapTrader, offer a huge selection of assets on more than 150 different exchanges in 33 countries. Moreover, the fees are low and you can trade from your home computer or smartphone. Be sure to find a broker that offers a wide range of products and services, as well as mobile apps.