Online trading refers to the process of buying and selling various financial instruments, such as stocks, commodities, and currencies through internet-based platforms provided by brokerage firms. It allows you to participate in the global financial markets from the comfort of your home or on the go using computers, laptops, tablets, or smartphones.

In online trading, you can access real-time market data, execute trades, manage your investment portfolio, and monitor market trends through user-friendly interfaces provided by online brokerage platforms.

As a beginner, you should follow these steps before delving into online trading:

1. Broker selection: choosing a reputable online broker is crucial. Check factors such as fees, user interface, available assets, educational resources, the availability of a demo account and customer support when selecting a platform.
2. Risk management: do not trade online without a risk management strategy, such as setting stop-loss orders, if you want to protect your investments and avoid substantial losses.
3. Start small: beginning with a small amount of capital reduces the risk of significant losses. As you gain experience and confidence, you can gradually increase the amount of money.
4. Demo account: this is a must have if you are just starting out as a forex trader. Demo accounts simulate real trading accounts but you use virtual money to trade. These are perfect for practicing and learning a few tricks without risking your money.
5. Emotional discipline: avoid chasing quick profits and maintain a calm mindset during market fluctuations.
6. Continuous learning: learn the basics of trading, understand market trends, and conduct thorough research on assets. Short of this you will not be able to make informed decisions.The trading landscape evolves, so stay updated with market trends, new strategies, and trading tools to remain successful in online trading.

And now, let’s see the top brokers for beginners in detail, starting with the winner, eToro.