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Jeudi 10 Décembre 2020

Choosing an Online Trading Platform


Millions of people around the world supplement their income with online trading. Its popularity has as much to do with convenience as it does with the appeal of earning money from the comfort of your own home.



For most novice investors, the hardest part is getting started with the right online trading platform. You can start a mt4 platform download immediately but make sure you understand it before you invest.

Priorities

While trading itself can be boiled down to knowing when to buy and sell, the process of learning to trade well is different for everyone. Some investors are very analytical, choosing to do an immense amount of research before making a single trade. Others are instinct-driven, making snap trades according to their ‘gut feelings’.

To choose an online trading platform that works for your specific trading needs and philosophy, first ascertain your priorities.

Are you familiar with trading?

Novices should choose a platform that incorporates a general knowledge base and adequate support, either through articles and guides or direct communication. Traders with more experience will prefer a platform that offers in-depth guides and the ability to control and filter chart information. Research each platform before you start to trade.

Which markets do you intend to trade?

There are several markets popular with investors, including:
- stocks
- commodities
- forex (currency exchange)

It is impossible for any individual to keep track of all of them and most investors focus on one or a small handful. Choose markets that you are interested in or familiar with, or those for which you can get assistance easily.

Volume – fees and charges

Trading costs are a balance between the volume of transactions and the associated fees and charges. Like physical brokers, online trading platforms also charge you for each trade. However, such fees get progressively lower the more you trade, and can even be zero for very large volumes.

Make a Start
The best way to learn is through practice. Visit a reputable site like Forex TB to download a platform that works for you and use the practice account to familiarise yourself with it.



No Offer, Solicitation, Investment Advice, or Recommendations

This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by FINYEAR.
No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security.
Nothing on this website shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction.
Nothing contained on the website constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed on this website should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this website, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor.
This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors.
Any views expressed on this website by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change.
All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.





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