The Moscow Interbank Currency Exchange (MICEX) is a large trading system for the sale and purchase of shares in Russia with a wide range of information and consulting tools. Working in it is attractive for traders (participants) with low commission and high liquidity of financial instruments.
Instructions
Step 1
Work on the MICEX provides for several areas: the foreign exchange market, the stock market, the government securities market, and the commodity market. The work on the exchange is carried out via the Internet, banks and other credit organizations are participants. As a private trader, you cannot apply directly, but it can be done through a member broker of the exchange. For such cooperation, you pay a certain commission, and in return you get a special terminal program through which trading will go. Also, the broker maintains all the bookkeeping associated with the process and removes income tax.
Step 2
Technically, work on the exchange is not difficult. You observe changes in stock prices in the provided program, use the advice and information published on the site. Make a decision to buy or sell and submit an appropriate application (for example, for a purchase). And if there is a corresponding sell order on the exchange, a deal is made. After a while, when the price rises, you place a new order, now for sale. The second part of the transaction is completed and you get a profit, the percentage of which you pay to the broker, the rest is credited to your trading account opened in the system. The first stage of the transaction is called "open a position", the second - "close a position". When a position is open, the state of your trading account is in limbo, however, most terminal programs have the property of automatically closing a position - stop-loss (literally "stop losses") minimizes losses if the price moves in the direction opposite to the predicted one, and take- profit ("take profit") - closes the deal as soon as the price reaches the desired level. Thanks to these features, you do not need to constantly sit at the terminal.
Step 3
Many brokerage organizations practice initial training for new traders, periodically hold seminars. Take this opportunity. The process of gambling on the stock exchange only outwardly seems simple. In fact, this is a complex mechanism that involves not only economic factors, but also many others (political, social, psychological). Therefore, it is important to arm yourself with the necessary knowledge at the very beginning, so as not to spend all the money at once and not be disappointed in the exchange game. Because with skillful work, she can become a source of good income.
