What all I need to know about the upcoming hard fork of Ethereum? I am very new to ethereum investing and I hold my ethereum online on a exchange website from where I bought ethereum!

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You mean the upcoming Ethereum update? Metropolis? You want to know more about it?
Metropolis first hardfork known as the Byzantine hardfork is expected to reduce malicious presences within the broader ethereum network. This will make the blockchain safer and more secure to transact on. Of course this will reflect positively on all ETH holders as ETH is expected to gradually rise in price shortly after the hardfork since its consider a major improvement of the overall ethereum network and associated platform.
What you need to do as a user?
Users who do not upgrade will have clients sync to the pre-fork chain without replay protection. Users are advised to download the latest version of Ethereum client - Ethereum Wallet/Mist, geth client (v 1.7.2), Parity client (v 1.7.6), Harmony client (v 2.1.0).

Users who are using mobile or Internet-based wallets should be certain to check if their wallet provider is requiring any actions from users. Generally, mobile and Internet providers are running their own client infrastructure, and users should not have to take any action. However, as always it is recommended that users contact their individual providers to be certain.
Hello Cryptoboy,

That is a great question! The first and most important thing you need to know is to never leave your coins on an Exchange. Exchanges are not for storing coins, they are for exchanging them. Meaning once you are done buying, selling or trading on an exchange, make sure you transfer your coins to your wallet when you are done.

Unlike storing your money in a bank, the coins you hold on an exchange are not federally insured. If a malicious exchange or a hacker takes your coins and disappears without a trace - they are gone. There is nothing you can do to get them back.

Especially during a fork you do not want to leave your coins on an exchange either. There could be a very good chance you might lose them. So make sure you put you coins in a wallet asap before the fork.

I highly recommended a storing your coins in a hardware wallet like the Ledger Nano-s or Trazor but if you are not able to get a hardware wallet, check out your other options in the link below where they ​compare all top crypto-currency wallets in one place, whether you are interested in security, anonymity, ease of use, user reviews, etc - ​They​ show you the top wallet providers so you can make an informed choice​.​ Here is the link https://www.cryptocompare.com/wallets/#/overview

I highly recommend Cryptocompare.com as has a lot of great resources and info for everything you want to know Crypto-currency.

Let me know if you have anymore questions, I am happy to help in anyway I can.