How to Trade on Evest
Many of us think about entering the world of online trading but are held back by a lack of knowledge and fear of loss. Therefore, Evest today explains the essential steps for a beginner trader so we can step by step journey towards success together.
Content
- How to open an account and enroll in free training courses
- How to verify your account
- How to deposit
- How to withdraw
Before deciding to trade, as an investor, you should get a preliminary idea about trading. That means you should avoid the mistakes most investors make so you don’t suffer any potential losses due to lack of experience.
At Evest, we have two great tools for learning trading:
- Trading Academy, which is 100% free
- Demo Account: You can practice what you learn in the Academy on the demo account for free, 100%
How to Open an Account and Enroll in Free Training Courses
Follow these steps to access the academy:
- First, click on the “Register” button located at the top left corner of the website.
- Fill in your complete and correct details as they are in your identity proof documents to avoid issues later.
- After filling in your details, click on the box to agree to the terms and conditions and privacy policy after reviewing them.
- Click on the “Submit” button.
- Then, go to the education corner found in the main menu of the website.
- Select “Academy” from the drop-down menu in the education corner, which is an educational academy that offers advice, guidance, and correct teaching in investing in global and local financial markets.
- You can benefit from enrolling in training courses organized by evest.com to learn the basics, trading terms, CFDs, strategies, and a list of trading terms, among other necessary information.
- You can now register for a demo account, i.e., open a demo trading account on evest.com for free for a month.
- Choose one of the trading account types offered by evest.com and start immediately with the company’s team assistance.
- Don’t overlook continuing to learn about trading, and the easiest way to do that is by reading articles published by evest.com about trading, its concepts, methods, strategies, and price volatility, as well as following trading news and knowing the trading indicators that must be used. All this is a treasure trove of information that costs the trader nothing to review.
- Learn analysis, where you must study the basics of fundamental and technical analysis and consider many charts from different times. Analysis is what makes you determine whether to trade or not and when to do it by predicting price movements.
- It’s worth mentioning that Ali Hassan, the CEO of eVest, advises investors in general and traders at eVest in particular to follow and analyze the numbers well before making any trading operation, reminding traders that numbers never lie.
Some general tips that will benefit you in trading:
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- Don’t let anyone trade for you or pressure you into making any trading decision.
- You are responsible for your account, learning, and making profits.
- Keep a safety margin to protect you from sudden market fluctuations.
- Don’t use all your capital in trading.
- Use risk management orders.
- Combine technical analysis and fundamental analysis in trading.
- Don’t rely on anyone in trading; it’s your responsibility alone.
- Have a plan and, most importantly, stick to it.
- Emotions are a trader’s number one enemy – never get swept away by them.
Final Note:
You can watch all the video clips of Professor Muhannad Al-Wadiya to build a correct picture of trading before starting it through the following link: https://www.youtube.com/watch?v=uYChDUyYoGU&list=PLNFBDDJjX-rsjN1UFHKaBDTeR2wULhz4D
How to Verify Your Account
- Click at the top right of the screen on “Hello (name)” and then head to the Verification Center.
- In the Verification Center, you will be asked to prove your personal identity, residence, and payment method.
- Personal Identity Proof: You can use a valid ID card, a valid passport, or a driving license. You must attach the front and back picture of the card. The card used must be valid for at least 6 months.
- Proof of Residence: You need to prove your residence by uploading a picture of utilities and services like a water bill, electricity bill, internet bill, etc. This bill must contain your full name as used in our registered trading account and must not be older
- Proof of Payment Proof of payment is required to demonstrate ownership of the funds used to finance your trading account at Evest. If you funded the account using a credit card, you need to upload a front and back picture of the credit card. When photographing the credit card, cover the first 12 numbers of the 16 numbers shown on the face of the card. Make sure your name, as used in opening our trading account, appears on the front of the card. When uploading the back picture of the credit card, cover the CVV and then upload this picture.
How to Deposit
Initially, click on the deposit button at the top right of the screen. A screen will appear offering two deposit options:
- Bank Transfer: If you choose bank transfer, details of the bank accounts to which you can transfer funds to finance your trading account will be shown.
- Credit Card Funding: A credit card image will appear on the screen. Enter the number shown on the front of the card, then enter your name as it is on the credit card, followed by the card’s expiry date and CVV. Finally, select the amount you wish to deposit into your trading account and press the deposit button.
How to Withdraw
The withdrawal process from the trading account is subject to a fee of $5 for each withdrawal for clients who have opened transactions with us at least once. For clients who have not traded at all, the withdrawal process is subject to a fee of $35.
Important Note
The withdrawal process from the account is conditional on the client having completed the account stabilisation procedures, which are:
- Completing the Know Your Customer (KYC) questionnaire
- Providing proof of personal identity
- Providing proof of residence
- Providing proof of ownership of the deposited funds
This process is a basic condition at any licensed trading company and is a requirement imposed on trading companies by the licensing authorities to ensure the security of the trading environment for all traders.
How to Trade on Evest