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We live in the modern age where the digital economy is increasingly being established.
Nowadays, more and more people are interested in trading.
Some manage to become professionals, others just see it as an extra income activity.
Although digital commerce is very diverse, there is generally talk of a 22.4% increase in 2022 and an even larger increase is expected in 2023.
As mentioned earlier, trading is not necessarily a matter for expert economists only.
AvaTrade for beginners is one of the best options for non-experts, and it is a platform where you can learn all about the world of digital trading.
Digital trade in Europe: increased by 22.6% in 2022
At the moment, digital trade is only growing in Europe. We must not forget that trade in Europe is one thing and the world order another.
In the case of specific countries such as Spain or Portugal, digital trade registered increases of over 22%, with currency trading showing the highest increases.
Among the most prominent sectors in digital trade in Europe:
- negotiate
- fashion
- Online gambling and casinos
- Food and drinks
All of these sectors make up the bulk of the European digital market today and form a very well established economy that continues to grow globally.
trading as an alternative
Trading has been around for many years, but is now starting to be seen as an alternative. In the first place, all the people who do other activities and just want to get extra income.
On the other hand, there is the problem of the pandemic, as many companies have had to close their doors in 2020 and devote themselves entirely to digital activities.
Thus, negotiation is an alternative for many people, not just the most experienced and knowledgeable.
Nowadays, from students to housewives, many people are migrating to the virtual world in a bid to generate income through commitments. This is something that trading allows perfectly.
Losses of more than 400 billion euros
The main issue of 2023 is the multi-million dollar losses that online millionaires are about to face.
Figures like Elon Musk are part of a select group of millionaires whose wealth will be affected in 2023 by investing in risky digital scenarios.
Like any business in life, risk is part of the industry. However, trading allows for complex analysis with long-term forecasts that can help avoid major economic meltdowns.
The most prominent options in trading
Trading is a hypothetical economic activity that, as we have seen, is growing in Portugal and Europe in general, with a rebound of over 22%.
However, trading is just a part of the entire digital industry in the world. In contrast, trading is divided by sectors, like many other markets.
exchange
Forex trading is perhaps the most popular today. Forex trading is an industry where interesting profits are made from the fluctuations of the most popular currencies such as:
Forex trading is always present in digital trading activities, especially since fiat currencies remain the established currency in all countries till now.
Tourism is currently one of the sectors that greatly allows for the healthy development of foreign exchange business in Europe.
procedures
Buying and selling company shares is perhaps the type of trading that is gaining in popularity in Europe. However, it is a more specialized option for users who want to invest for the long term.
It is important to stress that investing in a company’s shares is essentially an investment in the company’s performance and development in the market. There are interesting cases, such as Amazon stock that sold for only a few cents and is now valued at almost unimaginable values.
Stock indices
When we do not have much knowledge about companies, it may be better to trade in the world of stock indices. In this way, we can invest in a group of successful companies and not just one.
The IBEX 35 is probably the most popular stock index in Europe. Around the world, others like the NASDAQ are also very popular, but they focus more on America and other latitudes.
valuable minerals
Precious metals such as gold and silver are becoming more popular due to the volatility of currencies and auctions that have seen their value drop.
When there are uncertainties and instability in a currency, many decide to bet on precious metals that could theoretically be more stable.
raw materials
Like currencies, raw materials are an essential part of international trade. The mere fact that they are essential products for the survival and development of other industries makes them indispensable and essential in trade.
Currently, 35.8% of the large food companies in Portugal are part of the digital trade of raw materials at the international level.
Digital currencies
Digital activities saw the birth of cryptocurrencies. Bitcoin is just the tip of the iceberg. These cryptocurrencies have been developing for a long time, and their popularity has not diminished.
In Europe, a high percentage (48.6%) of young people express genuine interest in being part of crypto asset trading.
What do you expect for 2023?
Despite reports of millions of dollars in losses in certain sectors of the Internet, digital commerce has a positive outlook for 2023.
Currency trading appears to be in a privileged position to stand out as a highly relevant sector. In general, with a few exceptions on the Internet, everything indicates that the numbers in 2023 will be green.
A current report by Forbes Portugal reveals that by 2023, the numbers may not increase as much as in 2022. However, the outlook remains positive.
There is currently a global crisis that mainly affects the United States and some European Union countries.
Thus, digital trade is expected to emerge as a positive alternative and can help improve the global economic situation.
aeiou //