Who Can Trade?
Since we already saw what trading is, it’s about time we also see who can do it. Keep on reading if you’re interested in finding out more about regulations and whether trading can be appropriate for you, or one of your loved ones.
If you already read the ‘What is Trading’ article, you know by now why trading can seem pretty appealing. Especially since anyone between the age of 18 and 80, that owns a computer connected to the internet, and a positive balance on a personal/online account or a Credit/Debit Card can do it.
In fact, these are all the main criteria someone has to fulfil in order to become an online trader! And, since pretty much all the Serious and Regulated Brokers out there already provide free education materials (in the form of ebooks , Video Tutorials, Interactive Courses or even Live Webinars), for all their clients, you can get everything you need, straight from your Personal Trading Account.
Moreover, with eXcentral you can even schedule 1-on-1 sessions, with our highly-experienced Market Analyst, Michalis Efthymiou, that also hosts weekly Webinar Sessions. In fact, you might want to hurry and let your dedicated Account Manager know, in order to book one for you ASAP. Being in the field for over 7 years, with experience in some of the most famous trading floors in the world, Michalis has quite a waiting list.
And while you’re waiting to get in touch with Michalis, you’ll be able to ask your Account Manager all the information you need, regarding trading, your account, the financial markets, or even the many assets you can trade with. They’ll also be the ones to tell you more about leverage, spreads, or the various tools you can use.
Setting up your trading account
In fact, once you apply for a trading account (absolutely free of charge with eXcentral), verify your account by filling out the questionnaire, and complete the process by providing the required documents, and your account is pretty much set up and ready to be charged.
This means that you can trade with over 120 assets, from 5 different classes. In case you didn’t know this, an asset class can be a group of currencies, commodities or stocks that share the same characteristics. Our 5 asset classes are: Currencies, Cryptocurrencies, Commodities, Shares and Indices.
When trading, and based on the asset class you want to invest in, you’ll also be able to invest using a leverage of 1:30.
Leverage is a trading tool that allows you to invest more than you’ve initially deposited in your account. It pretty much works as a multiplier, and only impacts the amount you’re using in the trade and your potential profit.
With eXcentral you have the choice between two trading platforms and two mobile apps. You’ll be able to test and decide whether you prefer the Online eXcentral Trader, or the downloadable MT4. Based on your mobile phone you can choose between our iOS and Android Apps, that will make trading on the go just as pleasant as ever.
This means you can take your trading along, everywhere you go, as long as you have an internet connection. And moreover, you’re always going to be in charge of what happens with your trades, whether you want to open more transactions or make any changes to your existing ones.
Now that you know what trading is, who can do it and where from, and also having visited our Education section, do you think you’ve got what it takes to become an eXcentral Trader?