Swagbucks ($5 Bonus) Where to play: iPhone, Android, and Swagbucks.com How much can you earn: $2 – $4 per hour How much does it cost to play: $0 for most games. Some have cash entry costs. Ordinary depositors found they couldn’t withdraw cash from ATMs, and one bank, Gingko Financial, lost its customers $750,000 in real-life money. The game designers had to step in and ban certain.

Interested in trading online and wondering how does online trading work? Or what are the steps required to start trading online?

Well, first of all, money breeds money. You cannot walk into online trading with no money. To make money in online trading, you got to have money first.

Not just any money but just the right amount of money to satisfy the minimum deposit requirements for the online brokers that you need to open a a trading account to start trading with.

Secondly, make sure you are not underage. Some countries require you to be 18 years old before you can open an online trading account and you may need to provide proof of identity like a car license or passport.

By the way, for further reading, you may be interested to check these out:

  • top 10 reversal candlesticks
  • elliott wave theory and how to trade in 6 simple steps.

Now, that is not what I’m really going to talk about that here…but first lets talk about online trading…

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Online trading is simply buying and selling that happens through the internet of such financial assets such as shares, commodities, futures and currencies and bonds. These are the main ones anyway.

What this means in simple terms is that you can sit in your pajamas in your house, open your laptop or ipad or iphone and log into your online trading account and start trading-buy or sell shares, currencies etc and make money with just a click of a button.

All you need is an internet connection.

That is the very basic definition of online trading.

To make money! That’s the objective of online trading.

Everyone wants to make money. I want to make money. You want to make money… that’s why you are on my site reading this right now.

If you are not interested about making money, you wouldn’t be reading this right now.

Now, can you be successful in online trading? Yes and No.

Online trading is not for everyone. There’s only one way to find out if you are made for it and that is to do it and see for yourself if you are made for it or not.

So how do you get started in online trading then? Well, you have to follow these 6 basic steps.

The first step and path toward online trading is education.

If you cannot swim, don’t jump into the pool, you’ll drown.

Same thing in online trading.

If you are interested in online trading, you got to learn first.

Research online. Read books or buy books and read.

Know the different types of markets that can be traded, what moves those markets.

Learn about fundamental analysis.

Learn about technical analysis.

These things take time to learn, believe me…unless you are very smart with a very high IQ.

When you want to trade online, you got a handful of options or markets or financial assets as some call it where you can invest your money in and I’ve mentioned these above but let me say it again here and they are:

  • currency (forex)
  • share market or they call it the stock market in USA
  • commodities
  • etc

These are the products you can trade online.

Now, you need to figure out yourself which of these products you want to focus on. Each market has its own behavior.

Find out what you want and learn as much as you can about it.

So where do you learn?

Well, the first point of call is the big old “G”…Google.

Search in google for what you are after and there are bound to be hundreds, if not thousands of sites where you can access free information about how to trade these markets and educate yourself.

A online broker acts as the link between you the investor/trader and the market. The online broker has the infrastructure and the technology and the expertise to link you to the market.

In addition to that, they provide you the trading software or the trading platform which bascilly works off the infrastructure and technology that the online broker has in place and its is through this trading platform where you can buy or sell and make money in online trading.

Depending on which investment vehicle you choose your broker can be a:

  • stock/share broker
  • forex broker
  • commodities broker
  • etc

You need to do your proper research and find out which online broker is the best for you and go with that.

Now, not all traders go blindly into online trading without a little bit of familiarity. These days, it is not unusual for online brokers to give you access to virtual trading accounts or demo trading accounts.

These are virtual money where your broker gives you as demo trade to get a feel and understanding of their trading platforms and be familiar with the settings and how to use that trading software.

But the most important part of demo or virtual trading accounts is the fact that these allow you to test your strategy and see if it works on not in real time using real market data.

The reason why many traders do not succeed in online trading is all down to one reason only: not sticking to a trading plan.

So what is in a trading plan? A trading plan involves these:

  • trading strategy to use
  • how much to risk per trade.
  • how many trades per day/week/month?
  • what is your max allowable loss per day/week/month before you stop trading to reflect?
  • what timeframe are you going to trade in?
  • which currency pair or shares or commodities are you going to focus on?
  • when and where do you take your profits?
  • when do you exit a trade?
  • how do you manage a trade?

These are the kinds of questions you need to ask yourself and these form your trading plan.

Now that you have a trading plan in place, and you’ve tested your strategy and know it kind of works based on your demo or virtual trading account and you are excited to get started now.

So you open a live online trading account with your broker.

Once your online trading account is approved by the broker, next thing you do is to send money to your trading account.

These days, you can do it by paypal and bank transfer or by credit card. Your broker will have the methods that they accept for you to deposit funds into your live trading account.

So you transferred by bank $50,000 into trading forex. Awesome! Now you are ready to make some real cash!

Online trading is not for everyone. If you are someone that don’t like losing money, online trading is not for you because when you trade, losing is part of the game.

If you cannot handle losing money, stay out of online trading.

It is also important to have an adequately funded online trading account. You cannot trade a $100 forex trading account and expect to make $2000 in a month.

The secret to online trading success is creating a trading plan, sticking to it come rain or sunshine. Once you have that kind of mindset, you are on your way to online trading success.

Apart from gacha (and complete gacha in particular), real-money trading is another area for which Japan’s social gaming industry has been under fire in recent months.

What is real-money trading?

Real-money trading (RMT) describes a phenomenon under which virtual items are being sold for real money, usually off-platform. Most of the transactions are known to take place on Yahoo Japan Auctions, the country’s biggest auction platform: the possessor of a certain rare item lists it on the site and sells it off to the highest bidder, just like in any other auction.

After the payment is done, the two parties exchange their GREE or Mobage handles, meet in-game, and exchange items (usually the buyer gives away a worthless item and gets back the item they paid for in return to close the deal). It’s very easy.

How big of a phenomenon is real-money trading?

In their recent financial report, GREE said they were able to reduce the number of items traded off-platform for real money by 50% in recent weeks (click to enlarge):

But the problem still exists. For example, just a few minutes ago (May 14, 930pm JST) this auction on Yahoo Japan for a card in a Mobage game closed. In the end, 10 bids came in, and the auction ended with a price of 19,500 yen (US$243) – for a single card:

I have seen auctions of this kind finishing with ten times this amount. There are still dozens and dozens of these auctions live, despite the efforts of the platform providers to get the problem under control. Some people auction off their entire collection of cards when they are fed up playing a certain card battle game, for example.

What is the industry doing to prevent RMT?

DeNA has restricted the trading function in their games by introducing trading partners to each other randomly and making it impossible for users to exchange some selected,”super-rare” items.

The company is also a member of the six-party council of social gaming companies that has been set up to make it “safer” for users to play these games, i.e. by combatting RMT.

GREE introduced a number of initiatives, i.e.

  • setting up an internal “task force” to deal with this problem
  • trying to appeal to external sites (Yahoo Auctions Japan in particular) to remove problematic auctions
  • changing its TOS
  • and cooperating with 3rd-party developers.

Just a few hours ago, GREE made it impossible to trade items between two different games, according to a report.

What is problematic about RMT?

RMT has existed for a long time but became a bigger problem in recent months.

The “trigger” was a technical glitch in GREE’s super-popularcard battle gamedoliland that made it possible for users to copy rare cards and sell multiple copies online. This happened in February this year and made the general public aware of RMT for the first time.

As I mentioned a few days ago, removing the “complete gacha” mechanic was just a first answer to one of the two big areas why some people in Japan are calling for governmental regulation: quite a few people in Japan are likening RMT to gambling, as players can monetize their items – including those acquired through gacha.

Personally, I am doubting that the government will be satisfied with removing “kompu gacha” and that more will come, possibly with regards to RMT.

How Does Real Money Tradeing In Games Work

How Does Forex Trading Work

As mentioned above, DeNA already restricted in-game exchanging of items to a certain extent, but removing the function entirely would be difficult. The problem here is that exchanging or gifting items, for example to help other players, constitutes a strong social element: if the government stepped in and restricted this function in social games, this would obviously push down the social aspect in a number of titles on GREE and Mobage.