Best 5 Stocks Trading Platforms For Beginners

Stock trading platforms involves buying and selling shares in companies in an effort to make money on daily changes in price. Traders watch the short-term price fluctuations of these stocks closely and then try to buy low and sell high. This short-term approach is what sets stock traders apart from traditional stock market investors who tend to be in it for the long haul in Xtreamforex business. While trading individual stocks can bring quick gains for those who time the market correctly, it also carries the danger of substantial losses. A single company’s fortunes can rise more quickly than the market at large, but they can just as easily fall

Is There a Good Trading Platform for Beginning Traders?

E*TRADE and TD Ameritrade are choices that beginners may want to look into. TD Ameritrade has excellent educational resources that can help novice traders understand the markets and become more comfortable with trading before actually placing trades. E*TRADE’s user-friendly interface can eliminate the frustrations a beginner might have trying to navigate a trading platform. It is the best trading platform for beginners in Xtreamforex business.

HOW DO BEGINNERS TO BUY STOCKS?

The easiest way to buy stocks is through an online stockbroker. After opening and funding your account, you can buy stocks through the broker’s website .Other options include using a full service stockbroker, or buying stock directly from the company.

Types of stock trading

There are two main types of stock trading:

Active trading is what an investor who places 10 or more trades per month does. Typically, they use a strategy that give benefit to beginners to run their business and, trying to take advantage of short-term events (at the company level or based on market fluctuations) to turn a profit in the coming weeks or months.

Day trading is the strategy employed by investors who play hot potato with stocks — buying, selling and closing their positions of the same stock in a single trading day, caring little about the inner workings of the underlying businesses. (Position refers to the amount of a particular stock or fund you own.) The aim of the day trader is to make a few bucks in the next few minutes, hours or days based on daily price fluctuations.

HERE ARE FIVE IMPORTANT STOCK TRADING PLATFORMS FOR BEGINEERS:-

  • ETORO
  • TD AMERICA
  • E*TRADE
  • CHARLES SCHWAB
  • INTERACTIVE BROKERS

1. ETORO: – eToro is a market-leading social trading network, allowing traders to copy the trades of experienced investors, or receive exclusive perks for sharing their own trading strategies. With over 3,000 tradable symbols, eToro is a large global cryptocurrency exchange that offers non-U.S. customers the ability to trade forex, exchange-traded securities, and crypto. For U.S. citizens, eToro offers stock and cryptocurency trading for users residing in 44 states, to add to its existing cryptocurrency offering. 

EToro is a leading online brokerage that offers cryptocurrency trading and stock trading platform. It was among the first online trading companies to support digital currency trading when it added support for Bitcoin (BTC) in 2014. Shortly afterward, it added support for Ethereum (ETH) and Ripple (XRP).  Today, eToro supports 40+ cryptocurrencies on its popular online trading platform, provides an enterprise-grade crypto exchange for professional traders, and offers multicurrency to beginners. Through eToro’s simple web-based platform and well-designed mobile app, customers can deposit fiat currency from a debit card or bank account and begin trading immediately.

2. TD AMERICA: – TD Ameritrade is one of the larger online brokers in the U.S., so it offers multiple platforms aimed at different levels of expertise. For passive and active investors, the web-based and standard mobile app platforms are intuitive and easy to use. However, for casual traders and day traders, this platform is likely the best bet, due to its extensive screening capabilities, charting tools, and advanced analytics. All in all, passive investors, active investors, casual traders, and day traders will all be impressed with TD Ameritrade’s range of trading platforms and overall offerings.

 TD Ameritrade’s focus on the client experience has made its platforms seamless and easy to navigate. Using innovation to transform the individual client experience, TD Ameritrade puts the user at the center of the design to optimize the individual experience. TD Ameritrade web, thinkorswim, and the mobile apps are all highly customizable based on the user’s unique interests. 

3. E*TRADE: – E*TRADE was one of the first online brokers in the United States. In October 2019, it joined a growing list of online brokers who transitioned to commission-free trading on stock, ETFs, and options trades. E*TRADE has a range of offerings, including three web-based/downloadable platforms and two mobile applications, making it a good choice for both passive investors, casual traders, and everyone in between. Despite the fact it has robust features such as news, research, and screeners, E*TRADE remains intuitive and easy to use. Beginner investors, in particular, will find E*TRADE is best option in stock trading platform because of the expansive educational resources it offers.

E*TRADE web is a best trading products for beginner-friendly platform that provides streaming quotes, portfolio analysis market commentary, and educational offerings—all essential tools for the passive investor. Although it’s not built for investors who require advanced trading tools, its screeners will help them select the stocks, bonds, ETFs, or mutual funds that align with their needs and investment objectives. The E*TRADE mobile app is one and the same. It is one of the best mobile trading platforms in the market, as it’s very easy to use and offers plenty of convenient features.

4. CHARLES SCHWAB: – Charles Schwab continues to be one of the leading online brokerage platforms. The company has been at the forefront of the industry’s move to commission free stock and ETF trading and completed two large acquisitions last year, with TD Ameritrade being most notable. Schwab has brought on an additional 15.8 million customers in the past year, so it is not a niche player in the industry. Schwab has customers spanning the entire range of investor types, from novice to very sophisticated. As such, Schwab has a variety of platforms available to meet the diverse needs of its customers. Schwab brokerage platforms include a browser-based platform with schwab.com, a sophisticated and highly customizable workstation, and mobile offerings. However, customers trading exclusively in options or actively trading on margin, as well as those wishing to trade FX, cryptocurrencies, or futures may find better options elsewhere.

5. INTERACTIVE BROKER: – Founded in 1993, Interactive Brokers (aka “IBKR”) has a streamlined approach to brokerage services that focuses on broad market access, low costs, and superior trade execution. Customers can trade stocks, options, futures, forex, bonds, and funds on 135 markets from a single integrated account. In late 2020, the company launched its Impact Dashboard, which helps you evaluate assets with a socially responsible investing (SRI) lens.  Overall, it is best trading platform has consistently found Interactive Brokers to be one of the best brokers for professional traders and sophisticated, active traders who want to take advantage of a powerful suite of tools and global access to a wide range of assets. We’ll take a deeper look at Interactive Brokers to help you decide whether it is the right fit for your investing needs. 

 Interactive Brokers is ideal for institutional investors and sophisticated, active traders who want a robust trading platform and access to a long list of asset classes. The broker has attempted to broaden its appeal, introducing new products, services, and educational content aimed at less active traders and investors. However, IBKR’s reputation as a professional-level platform may still scare off less-experienced investors. The company accepts clients from more than 220 countries and territories and supports trading on 135 markets across 33 countries, using 23 currencies

Five Tips For Choosing The best forex Trading Broker

The foreign exchange market, also known as forex or FX, is the world’s largest financial market with a daily turnover of over $5 trillion it is by for the most liquid and traded market in the world. It is also one of the most accessible markets with forex trading platform and brokers available online 24\7.

However, this accessibility of forex trading can be a double-edged for individuals. With so many choices available, it can be difficult to know how to choose a forex broker that is right for you. In this article, you will learn 5 tips to help get started and selecting best forex trading broker.

WHAT IS A  FOREX BROKER ?

If you are looking to get involved in online forex trading, one of the first things you need to do is find a forex broker. A forex broker is a middleman who helps connect traders with the currency market. There are two types of brokers: – DEALING DESK [DD] AND NO DEALING DESK [NDD] Dealing desk brokers act as market makers, meaning they buy and sell currencies on behalf of their clients. On the other hand, no dealing desk brokers provide direct access to the interbank market, where banks and other large institutions trade with each other.

No matter what type of broker you choose, you need to make sure that they are regulated by a reputable body such as the financial conduct authority [FCA] in the U.K or the commodity futures trading commission [CFIC] in the U.S 

WHY DO YOU NEED A FOREX BROKER?

There are number of reasons why you need a forex broker:-

1. To get access to the currency market- without a broker, you won’t be able to trade in the forex market.

2. To get leverage- Leverage is when you borrow money from your broker to trade with. This can be a great way to increase your profits, but it can also be detrimental to your capital if not used correctly.

3. To get a trading platform – A trading platform is the software you use to trade currencies. Most brokers will provide their own proprietary platform but some also offer popular third party platforms like Meta Trader 4 [MT4].

4. To receive Expert advice and analysis – Many brokers offer their clients access to expert analysis and market commentary from experienced traders. This can be a valuable resource, especially for new traders.

5. To get customs support- When you trade with a broker, you should have access to customer support in case you have any questions or problems.

Now that you know what a forex broker is and why you need one, let’s look at 5 tips to help you choose the right broker for you:-

  1. CONSIDER THE COST: – The first thing you need to consider when choosing a forex broker is the cost of the services. This includes both the spreads[the difference between the bid and ask prices] and commissions [ a free charged by the broker] Spreads can vary significantly from one to broker to another, so it is essential to compare rates before you open an account. Remember, the lower the spread the less you have to pay in order to make a trade. Commissions can also vary depending on the broker, but they are usually much led than spreads. Some brokers even offer commission-free trading so; it is worth checking this out as well.
  1. CONSIDER THE PAYMENT METHODS:-  Another vital thing to consider when choosing a forex broker is the payment methods that they offer. Most brokers will allow you to deposit and withdraw funds using a credit\debit card or bank transfer. However, some brokers also provide additional methods like PayPal or Skrill.

It is important to choose a broker that offers a payment method that is convenient for you. For example; – if you want to deposit and withdraw funds using your credit card, make sure That the broker you choose accepts this method.

  1. THE TRADING PLATFORM:- As we mentioned earlier, the trading platform is the software you use to trade currencies. It is essential to choose a broker that offers a platform that is easy to use and has all of the features and tools that you need. Most brokers will offer their own proprietary platform , but some also provide popular third party platforms like Meta-trader 4[Mt4] .If you are new to forex trading, we recommend choosing a broker that offers MT4 so that you can take advantage of all the features and resources it has to offer. 

 4. REGULATORY COMPLIANCE:- One of the most important things to look for when choosing a Forex broker is regulation. Regulation is necessary because it provides protection for your invest Mints. For example: – if a broker is regulated by the financial conduct Authority [FCA] in the UK, This means, that they are held to high standards of conduct and must follow strict rules and regulations. This protect you, as the client, from fraud or misconduct.

 5. DEMO ACCOUNTS:- Another thing to consider when choosing a forex broker is whether or     Not they offer demo accounts. Demo accounts are important because they allow you to test Out the broker’s platform and see if it’s a good fit for you. Most brokers will offer demo Accounts, but some may require you to make a deposit first. We recommend that you choose so That you can try out their platform before committing to an actual account.

How to find Best Forex Markets News online?

Forex trading has a strong appeal for every individual to increase their income source. It Requires specialized knowledge as well as Forex traders can access dozens of online Forex trading classes and a profitable trading. Besides these, Forex markets news class is developed with successful trader’s Knowledge and experience along while is typically offered as part of membership into their trading forum.

BY USING THESE FOLLOPWING FOREX NEWS SITES WE CAN EASILY FIND HOW TO

FIND BEST FOREX TRADING:-

FX STREET

FOREX FACTORY

DAILY FX

INCESTING.COM

FOREXLIVE

FX EMPIRE

FOREX NEWS

ACTION FOREX

EARN FOREX

FX Street:- Fx Street is beyond one of the top sites forex traders should be checking daily. It was launched in 2000. On the portal, the real-time quotes, news, newsletter and interactive chats with experts from all over the globe are among the most well-received content. individual professionals and small companies. This website portal is easy to navigate like a reliable news source. Fx street use strategies based on parameters such as price, time, and Economic events to help users trade with this portal. This news website is very beneficial for traders to find best forex market news online. 

Forex Factory:- one of the most portal “Forex factory” is specially designed for those traders who are experts in their work. which related to the foreign exchange Market .It’s main mission is to connect more and more traders to the forex markets. Forex factory works on the currency pairs to potentially make a profit. when currency are traded in pairs and exchange one currency for another. A trader is calculate on whether one currency will rise or fall in value against the other . With the potential to increase your initial investment , the forex factory is highly profitable as compare to the stock market.

Daily FX:- Forex day trading involves buying and selling currencies within a single trading day. Forex day traders buy and sell multiple currency pairs within the same day to gain profit of small market movements . Daily FX launched in 2002 as well as the free and research website from IG , is one of the world’s leading source for news and analysis on the currency.

Investing:- is one of the best website for financial platform and news portal .Moreover, one of the top three global financial websites in the world. It offers market quotes, information related to stocks as well as give many opportunity for future options, analysis etc. These platform has sites in more than 20 languages and has over 60 million users. Apart from these, investing.com describes itself as the largest global financial site in the universe. One interesting fact about that incesting.com only provides financial information not for trading purposes. Furthermore, This news sites is an excellent platform to find best methods of Forex trading marketing.

Forex Live:- Well, forex live trading is short-term and fast paced online trading on the foreign currency exchange market. This market is commonly Known as Forex and it is world’s biggest and most popular market and it trade about 5 trillion USD worth of trades placed every day. There are multiple ways to start forex live trading. For Instance:-we can trade currency pairs with digital options, multipliers or CFDS.

FX Empire:- FX Empire is a leading global financial news portal, delivering up-to –date market news and analysis, technical data and financial tools for the financial markets. This platform is easy to use and understand and include all the features. This website was founded in 2011 by a team of industry experts that wanted to create the idea of perfect FX Empire. The FX Empire is easy to use and gain more profit. With the help of these portal we easily find the ways of best forex trading online news.

Forex News:- News trading has been becoming increasingly popular among forex traders because it offers opportunities to make large profits within a relatively short period of time. Forex News is perfect for traders who want to get a wider outlook on how the market is doing. Specially for those who are interested in forex trading news online. Another useful section to check out is that forex News Finance section. Which covers business news which is great for stocks traders. For instance:-CNBC, Bloomberg and Fox business are the major television networks that recommend about the in-depth Knowledge of the forex trading.

Action Forex:- This website was set up in 2004 with the aim to provide insightful analysis to forex traders. The first and foremost benefit of action forex news is that it can be used determine the primary direction to trade the currency. Action forex is an ideal forex news site to follow for news on major and minor pairs. These strategies provides lot of information regarding best forex markets news online.

To Conclude:-

The best forex trading online news depending on the masses which they portal\website choose for their career option as well as profit. However, there are certain news sites for forex trading which are financially regarding traders and some of them quotes etc.

What to Look For in a Trading Platform

A Forex broker and a Forex trading platform are a package deal in most cases. Very few companies offer multiple platforms to their clients, so when choosing a broker you need to test out their platform and make sure it fits your needs. Here are a few things to look out for Firstly the trading platform needs to be offered as a demo account so you can test all the following, so a demo account is a must.

Then once you start trying it out, make sure it is user friendly and allows you to access things easily. At the end of the day you shouldn’t have to be a computer expert to become a trader, and you do not want those details to come in the way of your trading.
Customizing your screen, your tools, and the format of the platform can make your life much easier, as you will have everything exactly where you want it when you trade, so a customizable platform is always a preferable one.


Of course most important are the tools you will be able to use when trading. This is how the trading happens you should have all the execution orders, tools and indicators you need. If you want to use EAs make sure the platform supports them.

Some platforms offer the newsfeed in the same place as you trade, that can be extremely helpful and allow you to trade better while having everything you need in one space. If you are usually busy and never in one place, better make sure your platform can be downloaded on different devices like your phone or tablet for easy and flexible access. And lastly it is always a plus if a platform can be used with your mother tongue, allowing you to understand everything better and easier, and have an overall better experience.

Top Forex Bonus and Promotions 2022

Forex companies are constantly on the lookout for new methods to attract potential clients, with high competitions from rival companies, each Forex broker needs to stand out and offer something that other brokers don’t. That’s when Forex promotions come in. Forex promotions are a very popular and on demand method to give clients an extra motive to choose the specific broker. Promotions work in many ways the point of them is always to give something back to the client.

Welcome Bonuses are offered by most companies and they are a percentage added to the deposit when a client first opens an account. It is a way to welcome a client with an added motive. The percentage vary some may give 50%, some 100% and some as high as 250%, in most of these cases the bonus will be given in the form of trading credits deposited into the clients account.

Redeposit Bonus: A redeposit bonus works in the same way as a welcome bonus, but is extended to every deposit a client makes and not just the first one.

Low First Deposit: All reputable companies have a minimum first deposit for any client to start trading, which can be $100, $200 and in some cases much higher. But for a short period a company can offer a much lower minimum first deposit, as low as $25. This is a motivation for new traders, of people who can’t afford to invest much.

No Deposit Bonus: In some cases companies can allow a client to start trading with them without investing any money at all. The company will offer the client a live account with a specific amount of trading credits, with which he/she can trade. This is a motivation to get clients started with the company.

Cashback/ Rebate Bonus: Cashback bonuses, sometimes called Rebate bonuses offer traders a certain amount of money back for every specified traded volume, motivating them to trade more.

Refer a friend: Most companies offer this promotion, which simply allows their clients to make extra profit if they refer a new client to the company. When they do they get a form of a bonus which can either be a specified amount or a small percentage of that person’s trades.

Gifts for trading volume: A big motivation for clients is knowing they will get some worthy gifts after they trade with a specified volume. Gifts can range from gadgets and tablets, to cars and overseas trips. Of course the bigger the prize the bigger the required volume.

How to earn a great income from online forex trading

Online Forex trading is just a side income”. This is what most of the people think, that trading forex is just a side business that cannot take the place of an actual job. However it is very much wrong and we have been made aware of it by the many people in this industry who have taken it seriously and are now ranked among the billionaires of the world. We can take the example of George Soros who is the world’s best currency trader also known as the trader who broke the bank of England. His net worth is now more than $25 billion which clearly shows how much of an impact that currency trading can have on the income of an individual if taken seriously and not as a side job.
The online forex market is the largest market in terms of dollar value of average daily trading , dwarfing the stock and bond market. It is often hailed as the last great investing frontier. The one market where a small investor with just a little bit of trading capital can realistically hope to trade their way to a fortune.

However mouth-watering currency trading may seem, it is not without its risks. So to help you earn a great income from foreign exchange trading we have some tips that you should absolutely follow:-

1. Define your trading style:-
Before you set out on any journey, it is imperative to have some idea of your destination and how you will get there. Consequently, it is imperative to have clear goals in mind, then ensure your trading method is capable of achieving these goals. Each trading style has a different risk profile, which requires a certain attitude and approach to trade successfully.
For example, if you cannot afford  going to sleep with an open position in the market, then you might consider day trading. On the other hand, if you have funds you think will benefit from the appreciation of a trade over a period of some months, you may be more of a position trader. Just be sure your personality fits the style of trading you undertake. A personality mismatch will lead to stress and certain losses. 

2. Chose the right broke with the right forex trading platform:-
Choosing a reputable broker is of paramount importance, and spending time researching the differences between brokers will be very helpful. You must know each broker’s policies and how they go about making a market. For example, trading in the over-the-counter market or spot market is different from trading the exchange-driven markets.
Also, make sure your broker’s trading platform is suitable for you. As such, traders should make sure a broker’s forex trading platform and software comes with the technical and fundamental analysis tools they need, and that trades can be entered and exited with ease. A good broker with a poor platform, or a good platform with a poor broker, can be a problem. Make sure you get the best of both.
Choosing the right broker in today’s market is difficult with the market being flooded with forex brokers. So to make it simple, start your journey in foreign exchange trading with  Xtreamforex trading broker which is the best available option in today’s market. 

3. Risk/reward ratio:-
Before trading, it’s important to determine the level of risk that you’re comfortable taking on each trade and how much can realistically be earned. A risk-reward ratio helps traders identify whether they have a chance to earn a profit over the long term. For example, if the potential loss per trade is $200 and the potential profit per trade equals $600, the risk-reward ratio would equal 1:2. 

4. Stop loss orders:-
Risk can be mitigated through stop-loss orders, which exit the position at a specific exchange rate. Stop-loss orders is an essential forex risk management tool since it can help traders cap their risk per trade, preventing significant losses. Although it’s important to have a winning trading strategy on a percentage basis, managing risk and the potential losses are also critical so that they don’t wipe out your brokerage account.

5. Performing weekend analysis:-
On the weekend, when the markets are closed, study weekly charts to look for patterns or news that could affect your trade. Just a little hardwork and you will surely reap the benefits. One last tip to top it off would be to keep a cool head and don’t rush. Trading is an art, and the only way to become better is through consistent and disciplined practice.

Which is good for trading – Forex or Stock Market?

Many of us who are new to the trading always get a question in their mind once in a life time that in which market we should do the trading – Forex or Stock market? In this article I would like to share the differences between them which will assist you to take the right decision in your trading career.

Forex refers to the buying and selling of currencies on a global level. The foreign exchange market is one of the biggest markets available worldwide. It is one of the most volatile markets as the prices of currencies could go up or down at any given time. The trading of currencies in this market is not done individually but in pairs so this would mean that the price of any particular currency would be in comparison to the other currency. The most popular currency pairs for trading include EUR / USD, GBP/USD, USD/JPY among many others.


As the stock market trading allows traders to trade with the various shares of companies. The traders can speculate on the value of blue-chip stocks and penny stocks which are both popular assets in the stock market. Blue chip stocks are the shares of well established, financially stable profitable companies that are referred to as having a blue-chip status. As a result of which their shares are also very expensive to buy. On the other hand penny stocks are those companies which in their earlier years were trading for under £1 a share. So those who invested into these companies during their penny stock days would have made substantial gain overtime.

Market influences
The factors to consider before trading Forex or stocks are the factors that determine the market price. Both markets are primarily driven by supply and demand, but there are many other factors that can affect price. When trading the stock, you should focus on several factors that directly affect the company you choose, including the company’s debt level, cash flow and earnings, as well as economic data, news reports and the state of the sector in question.
However, for Forex, the focus is usually much broader as a more complex set of factors can affect market prices. In general, macroeconomic indicators of a country (e.g. unemployment, inflation, gross domestic product (GDP)) as well as news and political events must be taken into account. And because you buy one currency and sell another, you need to recognize the performance of two economies, not one.

Trading hours
In the aspect of trading hours, the foreign exchange market is open for 24 hours a day and five days a week. While the stock market remains open for 8 hours a day.

Variety available to trade
In terms of stocks there could be thousands of stocks to trade on the stock market. In comparison to it the forex market can only have 27 major currency pairs (formed from 8 currencies). Although non major currency pairs can also be traded but the total number are still less than 100 pairs.

Fees and Commission
Generally, the forex brokers make money from the spreads of a currency pair when we execute an order. Spreads is the difference between the bid price and asking price or in simple terms can be called as the difference between the buy and sell prices. Different brokers of different trading companies charge differently on spreads as well as for their services used.

While some trading companies and their brokers charge very high for their services, at the same time there are some brokers that charge very low while offering the same services. A very good example would be the Xtreamforex trading company which is awarded as the best forex trading company of the year 2021 providing the trading opportunities at very tight spread.
On the other hand the stock market charges on spread and takes commission fees from the traders as well. These are usually around $5 -$10 for a given trade. This may be a minor consideration for stock traders who trade with large amounts of capital, but for new and beginners this fee can really damage profits.


Let’s summarized
So, as we can see there are both benefits as well as drawbacks in both the markets. This makes the decision to come down to the trader’s own preferences and attitude towards risks. For short term traders like day traders, scalp traders or swing traders, the foreign exchange market provides ample of opportunities but for short to mid-term traders and with low volatility rate, stock market could be the better option for them.

How we can earn with CFD forex trading products?

Contract for Difference (CFD): A mix of stock, foreign exchange and options markets that allows participants to trade derivatives based on the underlying asset. CFDs usually do not have expiration dates, premiums, or fees (see broker’s terms and conditions), but typically require participants to pay a larger spread between the purchase and sale price than would be seen in the actual physical market for the product. As technology advances and trading innovation continues, the world has seen an increasing number of types of trading Products instruments available. Even seemingly separate markets are trying to steal each other’s shares. For example, you no longer need to buy gold physically or under futures contracts, but simply buy an Exchange Traded Fund (ETF) to participate in the movement of gold prices.


Given that similar scenarios are possible for currencies, commodities, stocks and other investments, traders can fine-tune their trades and tailor them to individual circumstances. Trader’s trading style, financial resources, location and time of day you trade (or want to trade) can all play a role in the market that works best for trader.


The Forex market is the world’s largest asset class and the most liquid with over $5 trillion in daily trading volume. Forex trading (FX, Forex trading) offers opportunities regardless of market volatility. You have access to a wide range of trading instruments, including all major and minor pairs.


Here are the basics to help you get a knowledge base to get you started:

  • Exchange rate: You simply need to know the exchange rate, which is the ratio of a given currency to another. For example, the US Dollar to Swiss Franc exchange rate is a measure of how many US Dollars can be bought for 1 Swiss Franc. It can also mean the number of Swiss francs you need to buy US dollars.
  • Currency Pairs: If you go to an online forex trading portal, you will see currencies appear in pairs. For example, it is traded in the same way as JPY / INR (Japanese Yen / Indian Rupee). There are three main types of pairs. Major pairs always include USD (US Dollars), such as USD/EUR, USD/INR, etc. Minor pairs include major currencies other than the US dollar, such as EUR/GBP. Exotic pairs consist of one major currency into one major currency, for example USD/HKD.
  • Price or PIP entry: This is the difference in the currency value of the pair. For example, if the USD/INR exchange rate was displayed today as 74.001 (i.e. $1 = INR 74.001) and yesterday was 74.7002, the PIP would be 0.0001. The amount a forex trader earns depends on the difference and when the currency is bought and sold.
  • Base Currency and Quote Currency: When viewing currency pairs, the currency displayed to the left of the “/” symbol is the base currency. The one on the right is known as the quote currency. The base acts as a reference and always has a value of 1. Indicates the amount of quote currency required to purchase 1 unit of base. For example, buying EUR/USD means you are buying the base currency and selling the quote currency. This is where how to make money in Forex comes to the fore. Forex traders will buy pairs when they feel that the base currency will be higher than the quote currency. Alternatively, forex traders tend to sell a currency when they feel that the base currency is depreciating relative to quote currencies.
    Steps to earn:
  • Open a Trading Account: To trade Forex with CFDs, you need an account with a leveraged trading provider. You can open an Xtreamforex account in minutes and don’t need to add funds until you want to trade.
  • Build a trading plan: It is especially important to have a trading plan if you are new to the market. A trading plan helps you get rid of emotions when making decisions and provides some structure when opening and closing positions. You may also consider using a forex trading strategy to determine how to find opportunities in the market. Once you have chosen a specific forex trading strategy, it is time to apply it. Use your favorite technical analysis tool in the market you want to trade in and decide what your first trade will be. Even if you want to be a purely technical trader, you should be on the lookout for any events that can cause volatility. For example, an upcoming economic announcement may affect the foreign exchange market. This is something your technical analysis may not take into account.
  • Choose your forex trading platform: Trading platform can provide a smart and fast way to trade Forex. You can trade through the Xtreamforex trading platform: web browser one of the mobile apps advanced third-party platforms like MT4 & MT5. Each of our Forex trading platforms can be personalized to suit your trading style and preferences with personalized alerts, interactive charts and risk management tools.
  • Start earning: Choose a platform and you can start trading. Simply open a trade for the desired market and you will see the buy and sell prices listed. You can also choose the size of your position and add a stop or limit that closes the trade as soon as a certain level is reached. Click Buy to buy or Sell to sell. You can track P&L on a position in the “Open Positions” section of the trading platform. If you believe it is time to close your position, trade in the opposite direction to the trade you were opening.

Right Time to Use a Best Trading Account for Earning an Income

The success of trading includes doing investments in the trading field at the appropriate time. Also, you require having an understanding of where to stop investing. A basic way by which you can do trading at the right time is when you get the support of a best trading account. Thus, the best time to trade instruments like Forex, Cryptocurrency, Indices and Stocks will depend on your trading style, personality and lifestyle. Traders who are seeking for the moves should trade at the right time.

Traders should trade during the lowering of the volume periods. These are the moments that are related to the forex and how they impact diverse traders. Let’s discuss how your lifestyle and personality will help you trade at the right time to get great income.

Styles of Trading Along with Sessions

The initial thing you need to know about the correct time and the moments when the market is open. Few markets offer high trading volume, while others have lower ones. This thing happens because few countries have big financial centres where high volume of trading occurs.

The highest trading times are when the trading occurs in New York and London. Big moves can be achieved when you do trading during the New York and London sessions. For Sydney and Tokyo sessions, you will have a tough time making money with a trading program that requires big moves to achieve profits. In case you are searching for a strategy that relies on low volatility, then Sydney and Tokyo sessions are a better time to trade. If you try to use the stock trading products or forex trading products in the London and New York session, then you will experience a loss.  

How Your Lifestyle Affects When you Trade?

Now it’s time you should think about the changes trading can do to yourself. Many people will advise you to do trading during the London and New York sessions. It’s a piece of expert advice that you need to use. Some traders wake up late to get in touch with the London session and some will wake up early for the New York session. It’s tough to trade for both sessions, so you should focus on trading only one session. However, it may be easy for people living in Australia because they can easily do London and New York sessions as it falls in their daylight hours.

Find out the ideal market conditions for yourself in your time zone.

You need to consider the fact that you always need to do trading as per the market of your time zone. This market will help you stay in the trading game with ease. Just see the stocks trading products, indices trading products, forex trading accounts and cryptocurrency trading products to trade now and have a fruitful trading career. Just see the product and market as per your comfort and you are ready to trade within the limits. But be sure that you don’t focus on both trading products at a time. Just select the trading hours in the evening or nighttime when you are out of your office. Doing both at the same time can be destructive for you and you may lose money.

Understand the Peak Times

If you are a night person or a morning person, you need to recognize the peak times. Make certain you try to trade at peak performance hours only. We can do these things using the best trading account of a company that makes your trading successful. There is no hard and fast rule for every trader because everyone has their timings to get success.

Try Various Trading Forms

You can also try swing trading, day trading, scalping and positioning. If you are super crazy about day trading, focus on that. If you are interested in swing trading or scalping, focus on that. Swing trading can be an easy way to do trading flexibly. All is dependent on your focus and selection.

Conclusion

Does not matter, people or experts give you a specific trading time to follow; your trading time will all depend on you. Just see the site of a broker that offers you the best trading account and enjoy getting bonuses, leverage, daily payouts, customer support, segregated accounts, easy withdrawals and more. They are a popular brand and the fastest growing ecn broker in the world. Earn money with them today!

Earning money is easy with Xtreamforex. Just see the site of it and register on it to start trading on popular products like Indices, stocks, cryptocurrency and forex. If you are looking for a growth in the financial sector, Xtreamforex is for you. See the site of it and call them now after understanding its services from the customer support. Earn money online with the easiest way to trade on earth.

Helpful Points in Selecting a Best Forex Trading Platform

Best Forex Trading Platform

Trading can be hectic at times and if you are a beginner, you must know the important points about it in detail. Just use the best forex trading platform of a brilliant firm and stay away from the risks that are associated with the trading field. There are trading giants in the market that offers you high leverage, bonuses, and great payouts but when it comes to an unreliable platform, you won’t get to see the kind of services. Here are the things you need to know before selecting a trading platform/broker:

Essential Things to Keep in Mind Regarding Best Forex Trading Platform

  • Patience 

Using the services of a broker is not sufficient and instead, you should have patience regarding your trading knowledge. Traders come to this field thinking that they will earn millions of dollars overnight but that’s not the case.

Patience

You need to learn the game of trading using expert advice that comes through the videos, Infographics, blogs, audio, and more to develop yourself into a smart learner. You require doing a lot of hard work as trading is not a cakewalk and require patience.

  • Investment

Before opting for any CFD trading platform, make sure you have an understanding of the investment. Spending money is the most crucial step you need to take in a forex trading platform as this will be your initial step. You need to have an understanding of money management before you start your journey of investment. Time and money would be the most essential investments you are going to make in the trading platform and make sure you spend your money in the right way. Be sure your broker does not charge you a hefty amount to start a trading account as it will be a heavy loss of investment during the initial stages of trading.

  • Challenges

This is an important step that you need to think over before you start your trading journey. Make sure your broker is not offering challenges to you. These challenges could be like not verifying your trading account, not showing you the deposited funds, not transferring the money from one trading account to another, not rewarding you the funds of the trade and giving you the issues regarding the contests and more. Make sure your broker is clean and does not bother you in any case.    

  • Security of the Funds

Money safety can be a very big challenge for people who are looking for returns. They need to get the services of the right CFD trading platform that keep a check on the funds you are depositing and withdrawing. It should not interfere in it and does not deduct a heavy amount out of it.

Brokers may get you in trouble with just a website and deposit section. Make sure you have the support of a broker that will guide you step by step with its customer support team that will help you stay safe with funds.

  • Segregated Accounts

It’s the point that you need to pay attention to before starting your trading journey with a reliable broker. Certain brokers make the traders look like they are investing their funds in a separate account but store the money of every individual in the same account. Be sure that your broker doesn’t get you in trouble regarding it. Be sure that the broker has the segregated accounts feature.

  • Negative Balance Protection

You must stop your account from going into the negative balance especially if you are taking the services of the right broker. Negative balance protection will make sure that you never losses more than a sum of the amount that is already present in your trading wallet. Unlike the no negative balance trading account that will cause a loss to your funds and will go in negative, this type of balance will protect yourself with full safety of the funds without a doubt. The customer must maintain the right margin level in the trading account at all times to have the right risk management. Make clear that your broker has no issues in delivering you the negative balance safety.

Act Now to Have the Support of a CFD Trading Platform

When you are new to trading and want your funds to be invested in the right direction, it becomes necessary to spend your money on a reliable firm. It’s the firms that will not only give you better returns but also protect your funds and keep you updated regarding the funds. Try out a popular platform like Xtreamforex and join it to earn a lot of income online. See the site today and start opening a trading account now to have the support of the trading giant and get the services easily and smoothly and live a life full of prosperity and living!

See Xtreamforex site today and grow yourself in the financial world and live a life full of prosperity and happiness by earning a great income.

Create your website with WordPress.com
Get started