Forex
E-commerce
Classifieds
Social Media Communities
Trading Stocks
Trading simply means an exchange of goods or services. Goods are merchandise or possessions such as clothing, furniture, food, etc.
Sorry, for goods, I just had to give a definition.
And services is the action of helping or doing work for someone.
For example: Haircuts, medical check ups, car repairs etc.
How trade or the exchange works
Anything from this book you will do to earn an income will involve trading in some way, but for the sake of simpler classification, this part to means ways of earning an income on the internet that are, on the web, directly called trading.
Here’s a list of the trades you can start working on the internet that require the least possible financial investment on your part.
Trading Forex
Forex is an abbreviation for the term Foreign Currency Exchange Market.
Forex trading means buying, and, or selling a currency (a currency is a medium, or a way of exchange).
The Foreign Market is an over-the-counter, (a counter like in a store), market which the foreign currencies of the world are exchanged. It is the relationship of value, between one currency, vs another.
Trading Forex online is normally done through a broker which is a website which allows exchanges to go through.
How you can earn income through Forex Trading:
The strategy for forex trading for end users is simple. You buy your foreign currencies at a lower price and sell at a higher price.
You earn an income when;
Let’s say you have $100.00 on your trading account
The current exchange rate of the EURO vs the US$ is 1.25. (Meaning for a single Euro, €1.00, you get 1.25 US Dollars, $1.25cents).
The Euro rises versus the United States Dollar from 1.25 to 1.26
Being in the profit or $0.01 you carry out the trade.
You change your €80.00 to $100.80cents, your profit is $0.80 cents.
From my example, you might think the profits are too low, but these trades take place several times a day, and there is huge chance for you to earn a respectable income daily from carrying out trades.
Here’s what someone with experience in the trade had to say on forex trading forum:
Figure : Extracted From iHarare
Here are the well known forex trading platforms I recommend for you to use:
Website Minimum Deposit Payment Methods
MT4 App
US$0 Credit Cards
Just Forex
US$0.5
BTC, Payoneer, Credit Cards
IQ Option
US$10 BTC, Payoneer, Credit Cards
Markets.com
US$100 Credit Cards
Links to lessons for Forex Trading Beginners
Please just take the lessons to avoid the mistakes that others have came across. Forex Trading has a reputation for being a risky business and some who have done it before say, ‘it takes time and effort in order for you to understand the market’.
Here’s what Mazai from the same forum had to say:
Figure : Extracted from iHarare
However, that should not discourage you because making gains in the trade is a reality.
Learn as much as you can before you can deposit any money, in order for you to avoid loses. But also avoid the mistake of researching a lot and doing nothing in the end. Remember to assess in brief, and get started. Get started!
Learn more here if you would like to profit from forex trading.
I). Firstly, about forex trading
II). Secondly, about the website you’ve chosen to focus your trades.
I’m sure a loss in any little amount of money would make anyone want to quit.
Here’s how you can find some of the best lessons’
Note the web is full of free $0.00 lessons on almost anything, so just remember to always search for what you want to know.
Links to People and Communities in Carrying Out Forex Trades
Forex Trading Zimbabwe
Forex Trading School – Zimbabwe
Note you can always search for communities that relevant to you on your social media accounts.
BTC (BitCoin)
BTC (Bitcoin) is a digital currency and peer to peer payment system. Bitcoin came around in 2009 and has been used quite a lot in world for carrying out different trades.
Figure : Bitcoin Logo - Google Images
Bitcoins are kept in a wallet just you would do with your money, a times, but a digital wallet. The common way of getting to own Bitcoin is through purchasing from other people who own the currency, or from earning in some other way you would just like with money.
The other way is quite complicated, and requires loads of technical knowledge in the digital field, and at times investment in the technical equipment. It’s called Bitcoin Mining. If you’re interested in Bitcoin Mining you can always google search how it is done.
Bitcoin’s, value can be measured in formal currencies. For example 1BTC is equals to US$10.000.00.
Bitcoins can be acquired in smaller amounts, or fractions like ¼ of a 1BTC, that will be BTC0.250, meaning the price money will be US$2.500.00.
How to trade through BTC
When trading in BTC, to make profits, usually you will be taking advantage of the rapid changes in prices.
Figure : Bitcoin Price Chart 18 November By Cryptocurrency
You can note the rapid changes in prices on the bitcoin price chart that the price is changing from time to time, in the space of two weeks getting to a low of US$7.300 and getting to a high of over US$9.500.
The strategy for trading BTC is buying BTC when the dollar exchange rate is low and selling it when the exchange rate is high. Just as you would do in Forex Trading (though I feel trading in BTC is less risky than Forex Trading).
For example you buy a fraction of BTC 0.040 when the price for one Bitcoin is US$10.000.0. Meaning you would have paid US$400.00.
(BTC0.040 x US$10.000.00 = US$40.00)
Then you wait for the price of BTC to change to a higher price and the you sell to grow your BTC or take the profit from the trade.
Let’s say the price of BTC rises to US$12.000.00 due to the natural changes on the Bitcoin Market, and you decide to sell your BTC0.040 at the current price, meaning you will make, US$80.00, as your profit.
(BTC0.040 x US$10.000.00 = US$48.00).
Note: there are trading fees deducted by your wallet holder. But the fees are reasonably low.
Figure : Chart Credit Statista.com
There is always an open market for Bitcoin on the internet, people at varying times are in need of the currency, so there won’t be worries about finding a buyer when you would like to sell your Bitcoins.
You can create a Bitcoin Wallet on one of these websites, and as well carry out the trades (please, constantly check using search engines the Bitcoin Price to know when to carry out trades).
Recommended websites to trade Bitcoins
Website Minimum Deposit Payment Methods
Local Bitcoins You buy with what you have (YBWWYH) BTC, Payoneer, Credit Cards
IQ Option $10.00 BTC, Payoneer, Credit Cards
OlympTrade $10.00 BTC, Payoneer, Credit Cards
ExpertOption $10.00 BTC, Payoneer, Credit Cards
Remember to deposit $10 or a higher amount.
There are no guarantees when trading in currencies, your your money can go up as well as down in value. If you feel you can do it, I recommend you learn much about your market.
