Establishing a career in the financial world is a dream of many. The financial landscape is full of opportunities and the diversity means that everyone can explore a different avenue, according to their preference.
However, the prominent reason that people are drawn to this space is because of the flexibility they can enjoy, especially when it comes to online trading. It allows you to set your own timings, not have to answer to anyone and take as many risks as you like. But, the most appealing feature is that you can make substantial amounts of money in a fraction of the time it takes you otherwise.
These days, online trading has become a popular trend because there are lots of money-making opportunities and anyone is free to explore them. There are thousands of trading instruments that can be found, which means there is something for everyone, regardless of what kind of risk tolerance they may have.
In addition, trading has become a lot more simplified and easy with technological progress and the internet because accessibility is no longer an issue and there are no such barriers that could get in your way, as they did before. For instance, you can choose to invest as much or as little as you want.
You have the freedom to select the instrument you want to trade, figure out how much you want to invest and decide your strategy. This kind of ease and flexibility cannot be found in other careers, which has boosted the popularity of trading.
But, in order to be able to take advantage of everything trading has to offer, there are some important decisions that have to be made first. It is true that knowledge, education and experience are not a requirement to enter the trading world, even though they do have an impact on your success, but you do need to find a broker or else you will not be able to start.
Brokerages act as your bridge or pathway to the trading world and they are responsible, not just for providing you the platform you need for trading, but also access to the instruments and trading tools and resources that are essential to this process.
The problem is that choosing a broker can often become daunting and this is certainly because there are not enough options for you to explore. In fact, you will come to know that the reality is the opposite as there are hundreds of companies that are offering their trading services. Once you start searching, you will come across a plethora of options, which can often leave people feeling confused and overwhelmed. Most people don’t know how to navigate the sea of options and find the one that will work for them.
It is possible to find customer reviews of different companies and talk to other traders, but you should bear in mind that just because a company is authentic doesn’t mean they will provide you with the kind of services you expect. For instance, there are some brokers that only offer their services to a specific class of traders, such as beginners or professional traders.
Likewise, there are some companies that focus on a single instrument, such as cryptocurrency, while others may offer variety to their clients. Your priority should be on finding a brokerage that offers services and instruments according to your background and experience level. How do you do that? This means you put in some effort, do your homework and then you will be able to find the company that will be the ideal fit for you. If you don’t choose correctly, it can make it difficult for you to succeed in the trading space.
But, how do you determine if Roicraft would be a smart choice for you? These are the steps you need to take:
Checking Roicraft’s registration process
Assessing the registration process of the broker you are considering is the second step you should take. After all, you should know what will be required of you, if you decide to use their services. There are companies that have lengthy and complicated requirements, which can be annoying and push people to quit halfway through the process.
So, what do you have to do to register with Roicraft? Their process is comparatively very simple and doesn’t require you to get frustrated. There is no need for you to share any unnecessary information and there is just one form that you have to complete to register yourself. You just need to visit the Roicraft website and fill out the form that opens up when you click on ‘Open an Account’. The form asks you to provide your first name, last name, phone number, country you are in, email address and account password.
The last couple of steps involve you confirming whether you are at least 18 or above and then agreeing to the company’s Terms & Conditions. These Terms & Conditions can be found on their website, so you can find out exactly what you are getting into. When you have completed the registration process, you will be asked to move onto the next step, which involves opening an account. Before you can do this, you need to know exactly what account options are at your disposal.
Most companies offer several account choices to their clients, especially when they want to cater to traders from different levels and backgrounds. This is also applicable to Roicraft, as it is providing its services to a global audience. They have also come up with six account choices to ensure that traders of all levels will be able to trade comfortably via their platform.
Know what trade products Roicraft offers
When you are done opening your account with Roicraft, it is time for you to take a look at what trading instruments they have to offer to you. You need to know what products you will be able to trade with your account because they will affect your bottom line and success.
There are a total of 1500 products that you will find in this broker’s asset index, which belong to different financial markets and give you the opportunity of diversifying your trading portfolio. There are some profitable and lucrative products that can help you in mitigating the risks and maximizing the returns.
The different trading products that you will be able to access via Roicraft’s platform are:
Stocks: The stock market is the most vital part of the trading space and for good reason. There are millions of people who trade in these markets and many of them have been able to make really large fortunes by buying and selling shares of various companies. You can also invest in this market and get access to stocks of companies like Fiat, Google, Amazon, Microsoft, ENI, Facebook, Apple, Unicredit and eBay. In fact, there are some rare choices like Cannabis stocks that you can also find.
Forex: Known as the biggest financial market in the world, the forex market can provide a ton of opportunities to people who enjoy taking risks and want to benefit from the returns. There is a wide array of currency pairs, including major and minor pairs and even exotic pairs. Some of the pairs you can check out include USD/JPY, EUR/USD, USD/CAD and GBP/USD.
Indices: In the stock market, traders invest in individual stocks of companies, but with indices you can trade a basket of stocks and various other assets and this can be quite lucrative and can give great returns. You can trade some of the leading market indices for getting the right returns, which include S&P 500, FTSE 100, NASDAQ, CAC 40 and Dow Jones.
Commodities: There are some traders who have a low risk tolerance and for them, the perfect option is to invest in commodities. There are hard commodities including precious metals like gold, silver, platinum and palladium. There are soft ones that include agricultural items like soybeans, coffee, corn, coca and wheat. You will also find energies like crude oil and natural gas.
Cryptocurrencies: One of the trading instruments that have become all the rage these days is cryptocurrency. The tide started with Bitcoin in 2009 and has had a big impact in the world of finance. There are many traders who have made a fortune through crypto trading and some of the top cryptocurrencies to go for include Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
Weighing Roicraft’s trading platform
Once you have checked out the trading products you can invest in with Roicraft, it is now time for you to figure out how they can be traded. Obviously, you will be eager to jump into the market because this will allow you to start making the returns you want, but to be able to do so, you need to know how you will trade.
This means weighing the trading platform offered to you because it will tell you how your experience will turn out. If the provided platform is too difficult to navigate or is lacking in tools, it can add a layer of complexity to the process that you would rather avoid.
Going over Roicraft’s payment methods
At this stage, you are aware of exactly what trading platform you will use with Roicraft, so you are ready to add your funds for trading. You have to invest money in order to start trading, so it is not possible to miss out on this step. But, how do you do that? This is when you check out what payment methods have been provided to you because you will need them not just for making your deposits, but also withdrawing your profits once you start raking them in.
The good news is that Roicraft has added a range of payment methods to ensure every trader can find one they are comfortable with. You can start with some traditional choices, such as bank wire transfers or SEPA transfers. There is also the option of using your debit or credit cards for deposits and withdrawals, and you will be able to use your Visa, MasterCard or even Maestro cards without any hassle. Along with these options, you will also come across some modern solutions in the form of e-wallets like Neteller and Skrill.
There are no charges imposed on deposits by Roicraft, but there are some withdrawal fees that depend on the method you use. The minimum deposit requirement that has been set is $250 and this can be made in three currencies; EUR, GBP and USD. There are conversion costs applicable, if you are using a different currency. As long as you have followed the KYC and AML rules mentioned earlier, you will be able to make your transactions without any problems.
You can also weigh in the customer support, the educational resources and trading conditions at Roicraft and discover that it is a great platform for achieving success in the financial markets.