How do I start trading?
How do I start trading?
Trade
Trade is one of the oldest human activities ever, and has evolved to its modern form with the
development of man and its social relations, it began in the form of an exchange process in
order to meet needs and evolved into commodity exchange, and with the invention of money,
currencies became the intermediary used in trade and the market became the determinant of
the value of goods.
Entering the world of commerce carries a lot of risks for beginners and inexperienced, but a
good study and knowledge of the most important elements of doing business can reduce
those risks, and cause the success of the business, so anyone who wants to start a trade
should be careful and study how to work before taking risks.
How to start a trade
- Defining the field of work: There are many areas where money can be invested, but lack of focus and the desire for quick profit can only lead to very negative results, so you must identify the field and start studying it well, know the movement of the market and the profitability of its work and the expected time to rise in trade in this area, preferably working in one of the specialized places in order to gain experience without financial risk, as some time of work to gain experience causes a lot of knowledge that can be used In difficult times.
- Establishing a network of relationships: No matter how technology, marketing and sales methods evolve, the trade is based mainly on a network of good relationships, and a good trader is the one who can deal with his customers and suppliers in an atmosphere of familiarity and affection; Only in that period at least know the most important suppliers and the state of the market and the reputable ones of the bad.
- Access to capital: In the absence of personally financed capital, obtaining financing will be the most difficult task, as risking others' money is not an easy task, so obtaining a low-interest loan from a bank or microfinance institution would be a good thing if there is a well-funded project study, and in the event of rejection, getting a good loan from a family member or friend to do the business is the best solution for not burdening the self-burdened Benefits.
