While stock trading is a tried and tested method of earning a passive income, there are now more ways than ever to get involved in this lucrative field thanks to the internet. Let’s take a look at the different ways that you can get involved in online trading and make a juicy side income!
One of the most common forms of online trading is that of equity trading. This involves buying and selling shares just as one would in an offline capacity. Alternatively, you could consider options trading. Another traditional form of trading, options are contracts that give the holder the right to either buy or sell a certain asset at a predetermined price at a future date. Thanks to this set price, options holders can make a profit by buying or selling the asset at a time when the going price is different. While the aforementioned forms of trading have been made far more accessible thanks to the advent of the internet, there are some types of trading that have resulted from technological advancements. This includes cryptocurrency trading. Cryptocurrencies are digital currencies that can be used to conduct online purchase transactions. In addition to being a secure form of payment, cryptocurrencies have also proven to be lucrative investments, with the likes of Bitcoin, Ethereum, and Tether skyrocketing in value over the past few years. Now that you know about some of the most popular forms of trading, you’re probably wondering how to get started. In order to determine which trading platform is best for you, make sure to check out a variety of platforms so that you can find the one that best suits your needs. TD Ameritrade is a highly reputable online stock trading platform, while tastyworks is a low cost, user friendly platform for options trading. For cryptocurrency trading, check out coinbase, a highly versatile trading platform targeting new traders.