In recent years, trading has grown in popularity at a rate never seen before. Many young people see in this activity the possibility of getting a return on their savings. Or to get a job that they can do from home as their own boss..
In addition, expensive computer equipment is not necessary today. No fancy programs. It is possible to trade using only your mobile phone. Below you can find out how.
Find a mobile broker
A broker is a program that allows you to access the financial markets and launch operations. It is possible to run them by installing them on your computer or through any web browser. And they also work from apps for your smartphone..
Keep in mind that older brokers may not offer support for mobile devices. If you want to operate from a mobile or a tablet, you must make sure that you choose one that gives you this possibility. The most comfortable way is to take a look at a guide, or read reviews on a specialized website such as https://www.fxforex.com/es/ . So you can be aware of all the functionalities and conditions of each broker.
Open your account
Once you have selected a broker that works on your mobile and that offers you interesting conditions, you must register. The process usually takes no more than a few minutes. You will have to fill out some forms with your personal data. Afterwards, you must go through an identity verification process..
Brokers usually ask you for a copy of an official document, such as your ID, driver's license or passport. And some form in which your address appears. Most commonly, they will accept electricity, gas, or phone bills, a bank statement, or a rental agreement.
These types of controls are essential to guarantee your safety. Thus, brokers prevent someone from opening an account in the name of a third party.
Make a first deposit
Once your account is active, you will have to deposit money to start trading. For this you will have to access your personal area on the broker's website. Once inside, you will see that it is very similar to the app of any bank.
Look in the menu for a section or a link that says "deposit", "add funds" or similar. From there you will have to choose the payment method from which you want to deposit money. Most commonly, they accept debit cards, bank transfers, and e-wallets.
Indicate the amount, accept the operation and wait for your capital to be available. The term usually varies depending on the chosen means of payment.
Look for investment opportunities
Within the broker's app you will be able to see outstanding stocks and other financial instruments ( futures , indices, forex, cryptocurrencies ...). By clicking on them, you can start buying and selling.
If you prefer, you can also use the search bar to find other values. Remember that the crux of the matter is buying stocks that have suffered a decline and are cheap. And sell them later, when they go up in price.