What is an exchange?
The exchange is a place where people buy and sell various things: company stocks, currency, gold, oil, or even bitcoins. Everything happens over the internet, like in a store, only instead of goods — money and securities.
Why is it needed?
• To earn: buy cheaper, sell more expensive.
• To invest: put money into a company and make a profit if it grows.
• To protect your money from inflation.
What types of exchanges are there?
• Stock — stocks and bonds.
• Currency (Forex) — dollars, euros, etc.
• Commodity — oil, gold, grain.
• Cryptocurrency — bitcoin and other 'digital money'.
How to start as a beginner?
1. Define your goal: save for a long time or try trading.
2. Choose a broker or an investment app.
3. Start with a small amount.
4. Learn and do not risk all your money at once.
The main rule
An exchange is not a casino. Here, those who think earn, not those who hope for luck.
