Before I introduce you to the best 2 online trading platforms that protect investors from loss and help them maximize profit, I will love to first talk about Binary Option .
What is Binary Option?
Binary Option bases on guesswork. As a trader in binary market, you will only guess whether an asset such as a foreign currency will go up or down in value over a fixed period of time.
For instance, if you put $ 100 betting on the value of USD/ EURO going up, and the guess is correct, you would receive some percentage as profit plus your initial investment. If the value of the same currency drops, you will loose 100% of the money that you invest.
That's Binary Option. Let us look at Forex Trade too.
What is Forex Trade?
Forex trading is selling one currency in order to buy another. FOREX is an abbreviation of Foreign Exchange. It has a daily trading volume of more than 5 trillion dollars.
Truly, I found Forex Trade as the best way for investing because of the following reasons.
v Stop Loss Tool: This tool protects you from losing your money or protect you from having negative balance.
v Profit target Vs. stop loss orders: Forex trade allows you to set your own profit Vs. stop loss order. Here, you can still make profit even if you do not win the majority of your trade. If price is at 1.20000 at the moment and you bid or bet $100 on up in 12 min in binary market, you will loose all your $100 if the price drops to 1.1999 in the 12 min. In forex trade, you will just be at - $1 floating (depending of your position size and leverage) and if it goes up later on you don’t care.
v Leveraging: Forex trade allows you to do leveraging. Leverage is the means of gaining exposure to large amounts of currency without having to pay the full value of your trade upfront. Instead, you put down a small deposit, known as margin. When you close a leveraged position, your profit or loss is based on the full size of the trade.
v It’s good for beginners: It is accessible to novice and tools such as Copy trader help beginners to copy top traders and make profit.
v There are low transaction costs: Little capital is required for entry and there is low transaction cost.
v You can trade 24 hours a day
v It’s large and global market
v You can buy or sell currency pairs depending on the market
v It’s well regulated by governments so it is safe for investment
How does Forex trade works?
Under forex trade, currencies are always paired where the first currency is called the base whilst the second one is called a quote.
For example, GBP/USD is a currency pair that involves buying the Great British pound and selling the US dollar.
So, in the example above, GBP is the base currency and USD is the quote currency. If GBP/USD is trading at 1.45661, then one pound is worth 1.45661 dollars.
If the pound rises against the dollar, then a single pound will be worth more dollars and the pair’s price will increase. If it drops, the pair’s price will decrease. So, if you think that the base currency in a pair is likely to strengthen against the quote currency, you can buy the pair (going long). If you think it will weaken, you can sell the pair (going short).
Where should I start doing Forex Trading?
There are many Forex trading companies online. But I’m going to give you two brokers (forex companies) that operate globally, are legit and trusted by many online traders.
The first on my list is XM Group.
XM Group
XM Group was founded in 2009 and regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker for trading forex.
They have over 3,500,000 clients or customers from 196 countries and over 2,400,000,000 trades executed with zero requotes or rejections, ever.
XM Group have expertise and the resource to help everyone realize their investment goals.
How much can I invest or trade with XM Group?
You can start trading with just $ 5. It sounds too little and affordable, right. That’s the minimum amount of money for trading at XM Group.
Can I loose all my deposit or investment?
XM Group has “Stop Loss Tool” to protect you from making abnormal loss or getting bad balances.
Does XM Group give guidance or help when trading?
The answer is big Yes! XM Group has professionals to guide you trade on their platform even if you are a beginner or novice to trading.
They also have social or copy trading system which helps beginners to copy top or best traders and make more profit.
Does XM Group provide leveraging?
Yes! Leverage is the means of gaining exposure to large amounts of currency without having to pay the full value of your trade upfront. Instead, you put down a small deposit, known as margin. When you close a leveraged position, your profit or loss is based on the full size of the trade.
PAYMENT METHODS
XM Group have 25+ secure payment methods. They operate globally or worldwide.
Welcome Bonus
XM Group will give you $30 bonus if you use their link here to create an account. Claim your welcome bonus now.
To sum up the features of XM Group, they have………………
- a MINIMUM DEPOSIT as low as USD 5
- the option to OPEN MORE THAN 1 ACCOUNT
- NEGATIVE BALANCE protection
- NO RE-QUOTES, NO REJECTION OF ORDERS
- TIGHT SPREADS as low as 0 PIP
- 25+ secure payment methods
- TRADERS FROM 196 COUNTRIES. XM Group operates globally or worldwide.
- FRACTIONAL PIP PRICING
- MULTIPLE TRADING PLATFORMS accessible from 1 account for speedy trading mobility
- REAL-TIME MARKET EXECUTION
- ACCOUNT FUNDING 100% automatic and instantly processed 24/7
- FAST WITHDRAWALS with NO EXTRA FEES
- ALL TRANSFER FEES CO0VERED BY XM Group
- Non-stop bonus promotions
- FREE, UNLIMITED DEMO ACCOUNTS with USD 100,000 virtual funds and full access to MULTIPLE TRADING PLATFORMS
- Professional TRADING SIGNALS twice a day
- No hidden trading charges
- More than 30 languages supported
- 55+ currency pairs----major, crosses and exotics
- Leverage up to 888:1
- Social / copy trading
Now! Claim your $30 dollars welcome bonus with XM's link here and start trading.
Let’s head towards Ava trade, the final broker on our list.
AVA TRADE
Ava trade was established in 2006 as Ava FX, regulated across 7 jurisdiction and 6 continents, making it a safe place to invest and trade. No wonder, it is a trusted global brand and have more than 3000 positive reviews on Trustpilot.
AvaTrade has over 200,000 registered traders who place more than 2 million trades each month and has executed more than $ 1.47 trillion in traded value since it’s establishment.
AvaTrade has offices in 10 different countries, namely
1. Ireland
2. Australia
3. Italy
4. China
5. Japan
6. Mexico
7. Poland
8. Chile
9. Mongolia
10. South Africa
How much can I invest or trade with AvaTrade?
You can start trading with $ 100. It sounds too good, right. That’s the minimum amount of money for trading at Ava trade.
Note: with regards to investment, the more you invest, the more you realize returns or profit.
Can I loose all my deposit or investment?
Ava trade has “Stop Loss Tool” to protect you from making abnormal loss or getting bad balances. They also have limiting your leverage feature to help you avoid losses.
To make your deposit or investment more secured, Ava trade offers a very fascinating and useful tool called Ava protect, which allows you or the client to take out insurance on a trade.
Welcome Bonus
Occasionally, AvaTrade gives bonus to new traders after creating an account with them. Go here to find out if there is a bonus for you right now.
Payment Methods
Ø Wire Transfer (Bank Transfer)
Ø Skrill
Ø WebMoney
Ø Neteller
Ø Debit Card
Ø Credit Cards
Does Ava trade give guidance or help when trading?
Ava trade also have a tool called Ava Social which help beginners in forex trading to copy top or best traders and make more profit.
v Multi-lingual live customer service
v Variety of trading platforms such as MetaTrader 4, MetaTrader5, Mac Trading, Web Trader, AvaOptions, ZuliTrade, DupliTrade
v Ranked best in class for commissions and fees in 2021
v Extra-low spreads
v Rich educational materials for traders and beginners
Are you ready to start making money now? Then sign up or create your AvaTrade account here.
Have a niece day! Share this article to help friends and others.
No comments:
Post a Comment