The Basics of Online Trading to Kick Start Your Journey to Becoming RICH

To start anything in life knowledge and experience are the prime aspects to start anything new and get successful in it. Just like that, trading is also one of the aspects in which the combination of both knowledge and experience is needed for success in this ever-changing market. The market is where all the activities of buying and selling take place across the world. In today’s world where everything has been shifted from physical to digital, the trade market too has been made digital where traders from across the world can trade without any restrictions across the border and also to expand the market by making it a central hub for all the traders across the world.

As we know that trading anything i.e. Buying and selling starts with an investment which may be referred   to as buying and trying to gain a worthy profit by selling at a higher price when the bought commodity is at its highest demand. A commodity can range from a nation’s currency, stocks/shares of a company, digital currency / crypto currencies etc. In order to start trading, a trading account is first needed so that trades can be done through that account. This account is very much needed in order to keep a ledger of all the past trades done on that account. This trading account can be used to trade on many platforms which are available online which makes it very easy to trade for the traders (new and old) to trade with optimum profits as these platforms come with highly advanced technologies which make it very easy for the users to analyze the current market conditions and help them to make safe and risk-free investments.   

The most popular trading platforms available online would be the Meta Trader-5 and Meta Trader-4 platforms which are created by the Meta Quotes Software company. The Meta trader-5 was never meant to be just an update to the Meta Trader-4, but it was a whole lot different from it. While there are certain similarities between the MT4 platform and the MT 5 platform as both are meant to be trading platforms for the simplicity of the user. The Meta Trader-5 platform can be called a multi asset trading platform which makes it possible to trade not only in currencies but stocks and futures as well. The Meta Trader-5 contains more technical tools which are more suited for professional/veterans as compared to the MT4 platform, so that the user (new or old) can trade with his ease of mind. A very big advantage of using the MT-5 platform would be that it supports charts which contain 21 different time frames, which the user can extend up to a 100 charts simultaneously if the need ever arises. Although many of the traders have shifted from MT-4 to MT-5 platform, there are still traders who prefer using the MT-4 platform rather than the more advanced MT-5 platform as most of the traders in today’s world are beginners and since MT-5 platforms tends more towards the technical stuff which can only be understood by a seasoned veteran in the forex market. So, most of the traders who are new into the exchange market trading use the MT-4 platform. There are major differences between them, as there are also similarities between the MT4 and MT5 platforms. For example the MT4 and MT5 platforms both support algorithmic trading with the use of expert advisors (EAs), which gives you future advice on trading with the final decision left to the users. Another interesting similar feature between the two platforms is the “Depth of market” (DOM) features. DOM is essentially a window which shows the “BUY” and “SELL” orders. With this feature we can actually figure out the supply and demand of a particular instrument in the market. 

The Meta Trader-5 and Meta Trader-4 platforms are both true spectacles of the digital forex trading market. The vast amount of features, data, tools, customization, of these platforms is quite worthwhile to try for success in the exchange market.

 However in order to access these platforms, a trading account with any online broker is needed and one of the best online brokers currently available is the XtreamForex which comes under the XTREAM MARKETS . It is an online broker which has been a leader in online trading for providing a reliable, user-friendly trading environment using the most advanced trading platforms available in the market .One of the best features of having an account with Xtreamforex would be its unparalleled variety of account types, platforms, and devices (smartphone, computer, etc.) that its customers can select to adapt a convenient and efficient trading experience.   Also its other world-class features include:-

• Fast deposits and withdrawals

• Exceptional customer service

• Widest suite of forex trading products

• Best forex trading conditions

• Negative balance protection

• Security of client funds

• Very tight limit or stock levels

• Superior quality of order execution

• Trading on competitive prices(raw or marked-up) straight from the liquidity providers

• Deep liquidity from top-tier liquidity providers

Xtreamforex also provides its customers with many advanced trading methods like copy trading and many trading tools for the ease of trading for its customers.

And many more. So, if you want to start trading then XtreamForex is the name to remember.