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Safe Trading Tips For New Traders Online

Safe Trading Tips For New Traders Online

Like all traders, if you want to experience safe and hassle-free trading online, we suggest that you ask around for safe trading tips. Below are a few safety tips from expert traders that may help you be on the safe side.


When sending an email, don’t include your personal data, such as passwords. The same goes when you are talking to someone over the phone. No online trader will ask you for your password, as there is no such requirement.

But if someone requests this type of confidential information, know that they are scammers, and they are trying to trap you through a phishing attack. Just close the web page or email to stay safe.

Check Ratings

Before you choose a trading website, be sure to read their ratings online. Other users’ experience will help you make an informed decision and you will be able to choose the best platform at the same time.

Sellers Beware

If you are a seller and going to deal with an overseas buyer, you should be extra careful. Some scammers insist on paying using credit cards and most of the credit cards are stolen.

You need to be even more careful when the person you are trading with is new or has zero ratings.

Buyers Beware

As a buyer, you need to be more careful, especially when you are going to finalize a transaction. At this stage, you will be required to send or deposit money so that the seller could receive it. What you need to do is stay away from deals that sound too good to be true.

The Importance of Rating

If you are a new trader and don’t know the importance of the rating system, know that this system allows you to get a pretty good idea of the type of person you are going to deal with.

So, we suggest that you also be part of the system by leaving feedback and rating for the trader you worked with. This will help other traders and they will be able to find the right person to do business with, and this will improve the overall system.

Educate Yourself

If you want to stay safe online as a trader, educate yourself. What you need to do is read up on the product and shop around. Google is your friend, so you may want to use it to check pricing, availability, prices and so on.

Comparing prices and features is important for online traders. Therefore, we suggest that you go online and check the features, functions and other things of the product you want to trade.

By reading online, you can get a pretty good idea of what you need to look for and stay safe from when trading online.

Ask questions

If you find a good seller, don’t be shy and ask as many questions as you want about the item or listing that you are interested in. Good traders will be more than happy to listen to your questions and give answers until you are satisfied.

So, if you want to trade online, make sure you remember the tips give above.

Source by Shalini Madhav

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