Traders Union Name Best Free Day Trading Simulators

Many traders jump into Forex day trading in hopes of high-profit potential but fail to equip themselves with the right tools and knowledge when doing so. This is where the importance of brokers offering demo accounts and day trading simulators comes in. Traders Union has shortlisted the best platforms providing these tools in 2024 for traders on the lookout for such offers.

Traders Union's Evolve Markets review:

One of the platforms known for offering new traders with a demo account is Evolve Markets. Established in 2016, the company positions itself as a high-leverage platform with no mandatory minimum deposit while observing a no withdrawal fee policy.

It offers a 1:1000 leverage for currency exchange, 1:500 for commodities and indices, and 1:100 for cryptocurrency and stocks. This enables traders to take positions more significant than their initial margins for quick and substantial profits.

Traders Union Name Best Free Day Trading Simulators: eAskme

The platform also features a diverse selection of trading assets, providing traders with the flexibility to engage in the most liquid asset classes at any given time.

Moreover, Traders Union highlighted that beginner users can use the platform's demo account to their advantage. This means that they can simulate trading and test strategies without money involved.

Downsides of trading with Evolve Markets:

A notable drawback of using Evolve Markets is its unstable regulatory standing. It holds only one license issued by the MWALI International Services Authority, a regulatory body not recognized among the top-tier licensing entities globally, such as the United Kingdom's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investment Commission (ASIC).

This raises concerns about the safety of client funds. Despite its various benefits, the broker received a meager regulation and safety score of 1.45 out of 10.00 from the latest TU evaluation.

User satisfaction is also lukewarm, scoring 5.93 out of 10.00. Customers often cite a lack of educational resources and intermittent account blocking as primary issues when trading with the broker.

Evolve Markets received a TU Overall Score of 6.30 out of 10.00, placing 68th among 383 companies assessed during the period.

Companies in this score range are categorized as moderate risk, and customer research before opening an account is advised.

Brokers offering free day trading simulators:

Despite the availability of a demo account, Evolve Markets has its share of disadvantages. With this, customers can consider looking for other trusted brokers offering day trading simulators.

Check this out for a complete list of brokers offering these exclusive tools to their clients:

• RoboForex - offers the Demo Trading Account for an unlimited period for interested users wanting to test out their strategies without unnecessarily burning cash in the process.
• Exness - another top-rated broker offering a day trading simulator feature called 'Exness Demo Account.' The tool's trial period has no time limit and is recommended best for beginner traders.
• eToro - the eToro Demo Account caters to both beginner and experienced traders with a $100,000 virtual limit.
• Interactive Brokers - the Interactive Brokers TWS Demo has an unlimited trial period, allows users to trade up to $100,000 in simulator mode, and is known for its advanced analytical tools.
• Tickmill - the Tickmill Demo Account is acclaimed by experienced traders for free Forex signals and a funded virtual balance that goes as high as $100,000.

Importance of a day trading simulator:

Notable importance of using day trading simulators is the protection it gives, especially for novice users who are still adjusting to the intricacies of currency exchange.

A demo or simulator account allows users to trade in real-time without losing actual funds. This gives traders the flexibility to try and test their strategies and develop their skills along the way while safeguarding their personal interests.

Simulators provide access to historical charts, educational resources, and real-time market data, and traders gain real exposure to trading at practically zero cost.

UFX vs Evolve Markets:

The importance of a broker's demo account tool is invaluable. With this in mind, Evolve Markets can still be considered a good choice despite its regulatory shortcomings.

The flexibility that the broker offers is another good point to consider. The Packageslab produces an article relying on the notes from Traders Union experts.

As mentioned in this article, Evolve exchanges lets you trade Bitcoin, Ethereum, and many more cryptocurrencies, unlike traditional stock exchanges. This allows investors to do multi-asset trading for better profitability and portfolio diversification.

For those looking for a good alternative with better trading instruments, UFX is an excellent choice. The platform has a large section of trading instruments for Forex, commodity, equity, and indices trading.

It also offers low spreads and high leverage, which makes it ideal for the type of trader wanting to maximize their positions with low capital.

On the other hand, it is worth noting that the choice remains largely dependent on one's trading style, risk appetite, and profit goals. As a general rule, traders are encouraged to do their due diligence to avoid having regrets in the end.

Conclusion:

While Evolve Markets offers a valuable demo account and flexible cryptocurrency trading, its unstable regulation and weak user satisfaction raise concerns.

Traders Union has listed a set of alternatives, including RoboForex, Exness, eToro, Interactive Brokers, or Tickmill, which all offer free day trading simulators alongside various benefits for beginner and experienced traders.

It is worth noting that the best Forex broker depends on one's trading style, risk tolerance, and goals, and thorough research is advised before making a choice.

About the author:

Oleg Tkachenko wrote the article. He joined Traders Union as an author and became an integral part of TU's team of financial experts.

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Online Trading Platforms in Canada’s Dynamic Economic Landscape

In the ever-shifting sands of Canada’s economy, traders are finding solace in sophisticated online trading platforms. The Canadian economy, distinguished by its robust housing market, resource-driven sectors, and a currency often swayed by global commodity prices, demands powerful tools for informed decision-making.

Today, we delve deeper into the multifaceted components of the trading arena.

Navigating Economic Challenges with Advanced Tools:

Online Trading Platforms in Canada’s Dynamic Economic Landscape: eAskme

Canada is currently wrestling with diverse economic challenges. The impending second-quarter GDP report is poised to unveil an economic growth of just 1.1%, a sharp decline from the preceding 3.1%. Coupled with an unexpected inflation spike to 3% in July, such metrics significantly diverge from the Bank of Canada’s ideal 2% target. Consequently, market whispers hint at a potential rate alteration, with the BoC’s recent benchmark rate touching a 22-year high at 5%.

Factors such as wildfires, energy project downtimes, and civil servant strikes have been pinpointed as contributors to the sharp Q2 deceleration. Add to this mix of external elements like dock worker strikes, and the economic trajectory becomes even more unpredictable.

With this intricate backdrop, the importance of comprehensive trading platforms escalates. These platforms provide invaluable insights into TSX-listed companies, Canadian bonds, and the CAD’s performance against major currencies.

As a powerhouse economy on the world stage, the actions of institutional and retail traders certainly resonate far and wide.

Global Market Resonance Source: BNN Bloomberg

As one of the world’s largest economies, China often sends shockwaves through international markets with its financial decisions. The recent move to slash the stamp duty on stock trading is no exception. Such a decision can lead to rapid capital inflows or outflows, affecting global liquidity and volatility.

These market disturbances can be consequential for Canadian sectors that lean heavily on exports, particularly commodities China consumes in vast quantities.

Advanced trading platforms serve Canadian traders well - they provide several crucial advantages in these scenarios:

• Real-time Data Analysis: With real-time updates, traders can closely monitor and react to shifts in stock prices, currency exchange rates, or commodity values influenced by foreign market changes. As Chinese decisions impact the global financial ecosystem, accessing and analyzing this data in real-time is invaluable.
• Historical Context: Advanced platforms often feature tools that allow traders to compare current events with past scenarios. By assessing how markets reacted to similar events in the past, traders can make more informed predictions about future trends.
• Global News Integration: Staying updated with global financial news, especially from economic behemoths like China, is crucial. Advanced platforms integrate news feeds, ensuring traders know about significant global developments and can understand their potential impacts on Canadian markets.
• Risk Management Tools: With increased volatility, there’s a heightened need for risk management. Modern trading platforms provide tools that allow traders to set stop-loss orders, hedge their investments, or diversify their portfolios to minimize potential losses from unforeseen market swings.
• Scenario Simulations: Some platforms offer simulation tools where traders can input various economic scenarios to gauge potential market reactions. Such devices can be indispensable when anticipating the fallout from major international decisions.

While the world’s economies grow more interconnected, events like China’s stamp duty reduction underscore the importance of advanced trading platforms.

These tools equip Canadian traders with the necessary information and provide the analytical capabilities crucial for making informed decisions amidst global market fluctuations.

Online Trading Platforms: Navigating Multiple Financial Realms

• Stocks: With corporate stakes, traders need a pulse on company-specific events and broader economic trends. In-depth analysis tools assist in predicting stock trajectories.
• Commodities: Geopolitical climates heavily sway commodities like gold and oil. Platforms integrating global news become essential for trading decisions.
• Indices: Offering a macro view on market segments, recent domestic and global market movements increase the need for platforms equipped with real-time index tracking.
• Forex: Central bank decisions, like those from the Bank of Canada, deeply impact currency trading. Platforms catering to forex must fuse real-time values with predictive analysis tools.
• Cryptocurrencies: Given the volatility in the crypto domain, platforms dedicated to digital assets need to balance real-time data, security protocols, and comprehensive analysis.

The Looming Shadow Over the Canadian Housing Market:

A rather alarming perspective has emerged regarding the Canadian housing market.

Phillip Colmar, a partner at Global Strategist at MRB Partners, in a recent discussion with BNN Bloomberg, highlighted what he perceives to be signs of a looming crisis.

He observed, “Canada is probably sitting on the largest housing bubble of all time.”

This statement gains weight when considering the ballooning debt levels Canadians have taken on relative to their incomes.

For many, the fragility of their financial position becomes more evident as mortgage rates show a propensity to rise.

Colmar attributed the skyrocketing home prices in Canada to two decades of liberal monetary policy by the Bank of Canada.

He discerns that the real danger lies in climbing mortgage rates, especially when juxtaposed against soaring debt-to-income ratios.

He says, “The worst part for a housing bubble is when you have [a] credit bubble underneath it.” The crux of the concern arises from Canadian households' leverage against their incomes, with debt servicing burdens having increased substantially.

Understanding these dynamics becomes vital for traders and investors using online platforms to navigate the Canadian financial realm. The housing market’s stability directly influences numerous sectors and can have ripple effects across the financial ecosystem.

As such, advanced trading platforms with analytics and real-time data can offer crucial insights into this evolving narrative, guiding informed investment decisions.

Trading Platforms as Crucial Navigational Tools:

Online trading platforms have evolved into insightful lenses and navigational compasses for traders.

With Canada’s economy sculpted by many domestic events and global shifts, these platforms' significance grows.

As traders venture into the investment arena, choosing a platform that offers transactional capabilities and deep insights becomes pivotal.

Such tools equip traders to adapt and thrive in an unpredictable and ever-evolving market.

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What to Know Before Trading Options Contracts

Options contracts are a financial tool designed to give investors the right to buy an underlying asset
at a predetermined price before or on a future date.

While investing in options contracts can be profitable, there’s a lot of risk involved because they’re leveraged trades.

Throughout this article, we’ll help you get to grips with options contracts.

What to Know Before Trading Options Contracts: eAskme

Understanding Key Terminology

Options trading comes with a steep learning curve full of important terminology, which is essential to
understand before attempting to navigate the environment.

Some of the most beneficial terms to learn include:

Strike price: The price of the underlying asset set by the holder.

Expiration date: The last day the trade can be executed.

Call option: Gives holder the holder the right to buy an underlying asset at a given price.

Put option: Gives the holder the right to sell an underlying asset at a given price at a later date.

In-the-money: When the strike price is below the market value of an underlying asset.

Out-of-the-money: When the strike price is above the market value of an underlying asset.

Premium: The price the buyer pays the seller.

Assignment: When a seller of an option is obligated to buy or sell at the underlying price.

Intrinsic value: Difference between the strike price and the market price of an in-the-money asset.

Time value: Value not determined by intrinsic value (decreases as expiration nears).

These are only a few terms to get your head around, so it’s worth reading through additional
educational content to make sure you fully understand how options work.

There are countless blogs, websites, and YouTube channels dedicated to all things trading.

However, we recommend reading through content written by a professional like James Cordier, a commodity investor.

Exploring Different Trading Strategies

Like any other type of investing, success with options trading relies on forming and sticking to an
effective trading strategy, which should be aligned with your goals and style. Some of the most
common strategies to explore include:

Covered call: When a seller owns an asset and wants to sell it at a predetermined price. For
example, an underlying asset worth $47 could be sold for $50 through options contracts.

Bull call spread: Investors buy several calls while selling the same number of calls at a higher
price.

Married put: Investors with long-term positions in stocks buy in-the-money put options to
defend against market depreciation.

Protective collar: Buying a downside put and selling an upside call is designed to defend against significant losses

These are just a few of the many tried-and-tested options trading strategies. When you’re deciding
which route to take, consider your risk tolerance and investing goals.

As well as this, remember to conduct plenty of research.

Methods of Managing Risk

Options trading involves leverage, which makes it a much riskier trading landscape.

Fortunately, there are plenty of ways to manage risk and reduce losses. For example, the majority of options trading platforms allow you to set stop-loss and take-profit orders, which withdraw positions at a
preset loss or profit, respectively.

Diversification is another way of managing risk, and it’s not only applicable to options trading. This
risk management technique involves investing in different markets and assets to reduce risk.

The theory is that while one market is depreciating, there will likely be another appreciating.

Many readers use hedging strategies to reduce losses by offsetting positions. For example, if you own
a call option for an asset, you can sell a put option for the same stock to hedge the risk.

General Tips for Beginners

Options trading is overwhelming for beginners because there’s a lot to learn and plenty of risk
involved, but it can also be rewarding if you’re willing to follow these tips:

Educate yourself: Learn about the risks and rewards by taking online courses, reading books,
attending webinars, and following experts on social media.

Start small: Limit loss by starting small - you will make mistakes at the beginning.

Use a demo trading account: Demo accounts allow you to practice strategies without risking
cash assets.

Use stop-loss orders: Prevent missed opportunities to withdraw by using stop-loss orders.

Don’t chase losses: If you lose money, don’t try and make it by immediately placing another trade. Take time and follow your trading strategy.

Be patient: Trading takes time to learn, so don’t expect to make a fast fortune. Options trading can be rewarding, but it’s also a cruel mistress welcoming plenty of risk.

If you spend time learning the landscape and practicing strategies, the rewards will eventually outweigh the losses.

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Regulation and Security: Ensuring a Safe Trading Broker Experience

Are you looking for a safe and secure online trading broker experience? Regulation and security should always be top of mind when considering the right platform for investing. In today's digital age, more is needed to use a reputable broker.

Several regulations, security protocols, and financial industry standards must be met to ensure your funds remain safe while trading.

Are you looking for a safe and secure online trading broker experience? : eAskme

 

This article will explore all aspects of regulation and security at online trading brokers, what protections are available to investors, how they work, and tips on finding the best platform for your needs.

We hope this article provides valuable insight into keeping your investments secure. 

The Importance of Regulation for Trading Brokers:

So, what is a broker?

A broker is an individual or firm that acts as a middleman between buyers and sellers in financial transactions.

In the case of trading brokers, they are responsible for facilitating trades between investors and financial markets.

Regarding trading brokers, regulations are not only necessary but also essential for both the brokers and their clients.

Regulations ensure that brokers operate within legal bounds, creating transparency in the trading landscape. 

The primary purpose of regulations for trading brokers is the protection of consumers and their investments.

Without regulations, brokers could potentially engage in fraudulent activities, leaving their clients vulnerable to considerable financial losses. 

The existence of regulations adds credibility to the trading industry, which leads to more trust and increased participation from investors. Therefore, the importance of regulations for trading brokers must be addressed. 

They provide a secure environment for investors to thrive and give brokers credibility and stability in the market. 

Understanding the Different Types of Regulations 

Before delving into the specific regulations that apply to trading brokers, it is essential to have a comprehensive understanding of the different types of regulations in the financial industry. Regulations can be broadly classified into two categories: industry regulations and government regulations. 

Industry regulations are set by self-regulatory organizations (SROs) such as the Financial Industry Regulatory Authority (FINRA), which establishes rules and standards governing trading brokers' conduct. 

These regulations are designed to ensure fair and transparent practices in the industry, protect investors' interests and maintain the integrity of the financial markets. On the other hand, government regulations are enforced by regulatory bodies such as the Securities and Exchange Commission (SEC) in the United States. 

These regulations are typically more comprehensive and cover many areas, including investor protection, market transparency, and systemic risk management. 

Government regulations aim to maintain the stability and integrity of the financial system, providing a framework for trading brokers' operation and ensuring the financial markets' overall health. 

By understanding the different types of regulations, traders and investors can navigate the complex financial industry landscape more effectively. It allows them to make informed decisions, comply with regulatory requirements, and participate in a fair and secure trading environment. 

The Advantages of Being Regulated 

Being regulated has numerous advantages for both trading brokers and their clients. For brokers, regulation adds credibility to their business and allows them to operate legally and ethically within the financial industry. 

It ensures that brokers adhere to strict standards of conduct and maintain transparency in their operations. For clients, the regulation provides a sense of security and confidence in the broker they invest with.

It also offers them protection from potential fraudulent activities and financial losses. Furthermore, regulated brokers must adhere to strict capital requirements, ensuring they have enough funds to cover potential liabilities. 

Total Security and Privacy When Trading Online 

In addition to regulations, security, and privacy are crucial components of a safe trading broker experience.In today's digital age, cyber threats are becoming increasingly sophisticated, making it more critical than ever to have robust security measures in place. 

Reputable online trading brokers implement industry-standard security protocols and encryption methods to safeguard their client's personal information and financial transactions. 

They also offer additional security features such as two-factor authentication and anti-fraud measures to prevent unauthorized account access. Investors should also be cautious when sharing personal information online, especially on social media platforms. 

Investors can further protect themselves from cyber threats by limiting the amount of personal information transferred and staying vigilant for potential scams. 

 The Best Practices to Follow When Choosing a Trading Broker 

When it comes to choosing a trading broker, there are several best practices that investors should follow to ensure they select a reputable and secure platform. 

These include: 

•  Researching the broker's regulatory status and providing a respected regulatory body Licenses them. 

• Review reviews and feedback from other clients to understand their experience with the broker. 

• Checking for security features and encryption methods to protect personal information and financial transactions. 

• Understanding the fees associated with using the broker's services, including hidden costs. 

• Inquiring about customer service options in case of any issues or concerns. 

 By following these best practices, investors can make an informed decision when choosing a trading broker that meets their needs and provides a secure investment environment. 

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The Importance of Risk Mitigation Strategies in Oil Trading

In the fast-paced and volatile world of oil trading, effective risk mitigation strategies are crucial in ensuring profitability, stability, and sustainability for market participants.

This comprehensive article will explore the importance of risk mitigation strategies in oil trading, shedding light on their significance and the benefits they offer to market participants.

Oil trading has been tedious for beginners, and tools like https://oilprofit.app/ can prove handy in getting novice traders started!

Understanding Risk in Oil Trading:

The Importance of Risk Mitigation Strategies in Oil Trading: eAskme

Definition of Risk:

Risk in the context of oil trading refers to the potential for financial losses or adverse market outcomes resulting from fluctuations in oil prices, geopolitical tensions, supply chain disruptions, regulatory changes, and other factors that impact the oil market.

The dynamic nature of the oil industry makes it inherently risky, requiring traders to adopt effective strategies to minimize potential losses.

Volatility in Oil Prices:

One of the primary sources of risk in oil trading is the inherent volatility of oil prices.

Many factors influence oil prices, including global demand and supply dynamics, geopolitical tensions, natural disasters, and economic indicators.

The rapid price fluctuations can result in significant gains or losses for traders, making implementing risk mitigation strategies to navigate the market's uncertainty crucial.

Importance of Risk Mitigation Strategies:

Implementing robust risk mitigation strategies is vital for oil traders due to the following reasons:

Protecting Capital and Minimizing Losses:

Effective risk mitigation strategies help traders protect their capital and minimize potential losses.

By identifying and understanding the risks associated with oil trading, traders can take proactive measures to mitigate them.

These strategies ensure that losses are limited, preserving the trader's capital and allowing for continued participation in the market.

Enhancing Profitability:

Risk mitigation strategies not only focus on minimizing losses but also aim to enhance profitability.

By implementing well-defined risk management techniques, traders can identify favorable trading opportunities while reducing exposure to adverse market conditions.

This approach allows traders to capitalize on profitable trades while minimizing the impact of potential losses.

Ensuring Business Continuity:

Effective risk mitigation strategies are crucial for ensuring business continuity in the highly competitive oil trading industry.

By actively managing risks, traders can navigate volatile market conditions, adapt to changing dynamics, and sustain their operations even during challenging times.

This resilience enables traders to maintain their market presence and capitalize on emerging opportunities.

Building Investor Confidence:

Risk mitigation strategies also play a pivotal role in building investor confidence.

Investors are more likely to invest in oil trading firms that demonstrate a proactive and comprehensive approach to risk management.

By effectively communicating and implementing robust risk mitigation strategies, traders can attract and retain investors, fostering long-term partnerships and growth.

Key Risk Mitigation Strategies in Oil Trading:

Now that we understand the importance of risk mitigation strategies let's explore some key approaches employed by oil traders to manage risks effectively:

Diversification:

Diversification is a fundamental risk mitigation strategy that spreads investments across different oil products, markets, and geographical regions.

By diversifying their portfolios, traders can reduce the impact of potential losses in one area by capitalizing on gains in other areas.

This strategy helps balance risk exposure and cushions against adverse market conditions.

Hedging:

Hedging is a widely used risk mitigation technique in oil trading.

It involves taking offsetting positions in the futures or options markets to minimize the impact of price fluctuations.

By establishing hedging positions, traders can lock prices for future trades, mitigating the risk of adverse price movements.

This strategy provides stability and predictability, especially for physical oil trading.

Robust Market Analysis:

Thorough market analysis is essential for effective risk mitigation in oil trading.

Traders must stay updated with the latest industry news, geopolitical developments, and economic indicators impacting oil prices.

By leveraging data analytics, market research, and expert insights, traders can make informed decisions and mitigate potential risks associated with market uncertainties.

Compliance and Regulatory Adherence:

Oil trading is subject to various regulations and compliance requirements.

Adhering to these regulations ensures legal compliance and helps manage risks effectively.

By implementing comprehensive compliance programs, traders can mitigate the risk of penalties, legal disputes, and reputational damage.

Compliance with environmental standards, health and safety regulations, and anti-corruption policies is crucial for sustainable risk mitigation.

Conclusion:

In conclusion, the importance of risk mitigation strategies in oil trading must be considered.

By implementing effective risk management techniques, traders can protect their capital, enhance profitability, ensure business continuity, and build investor confidence.

Diversification, hedging, robust market analysis, and compliance are key components of a comprehensive risk mitigation framework.

As oil trading continues to be influenced by global dynamics, regulatory changes, and market uncertainties, market participants must embrace proactive risk mitigation strategies to thrive in this challenging yet rewarding industry.

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What You Should Do Before Making Your First Trade?

Since the internet became widespread, many people have used the information superhighway to invest and trade. This transformative technology enabled the public to do what was previously the exclusive domain of just a few institutions.

Fast forward a few decades, and things have transformed again. High-speed fiber connections, especially tools and smartphones, have made it easier to gain exposure to financial markets through derivatives like CFDs.

But trading CFDs is something that takes skill and practice. So, while you may be excited to jump in and take a slice of the pie for yourself, it’s important to be disciplined, ensuring you can walk before you try to run.

If you’re considering taking advantage of the huge trading opportunities that modern technology presents, then here are the things you should do before opening your first position.

Learn The Difference Between Trading and Investing:

What You Should Do Before Making Your First Trade?: eAskme

In common parlance, ‘trading’ and ‘investing’ are often used interchangeably.

However, this is incorrect and can lead to confusion as the two are very different.

The main distinctions between them are that trading focuses on the short term while investing has a longer-term time-frame, and traders don’t own the underlying asset as their positions are opened using derivatives.

If you’re not already familiar with these distinctions, you must understand them correctly before making any trades.

Research Your Broker:

Not all trading brokers are the same, and some are distinctly untrustworthy.

Therefore, you should look for registered ones with your local regulator, ensuring they follow the rules and offer any available protections in your jurisdiction.

For example, in the United Arab Emirates, the broker should hold a license from the Securities and Commodities Authority.

You also want to ensure the broker you’re using offers the instruments you want to trade.

For example, if you want to trade Forex, you’ll want to check that the currency pairs you are looking for are available.

Practice Using a Demo Mode:

We all need to practice when trying something new; it’s just part of learning a new skill, and trading is no different.

Thankfully, many of the best brokers that allow you to trade online offer a demo or practice option. One is Equiti, which has a risk-free demo mode that all new users can access.

This offers the same features you’d find in the live trading mode, allowing you to test strategies before putting them into practice in the real world.

Of course, it’s important to remember that success in a demo mode is never a guarantee of the same success when trading with a live account; however, it is a great opportunity to learn the ropes without dipping into your principal.

Choose a Strategy:

While you practice, you should read and research the different strategies you can use. In trading, technical analysis is a key element to many people’s approaches, so it’s a good idea to understand this.

There are many different approaches you can take, including scalping, which is a method that involves having a position open for just a few seconds or minutes, and swing trading, which can take several days or even weeks to complete.

In every instance, trading involves you trying to profit from inefficiencies and inaccuracies in the market. If you can spot them before most other people, you can exploit them and derive a short-term profit.

The most common approach is day trading, which removes any overnight fees that brokers often charge.

However, this means you will be using technical analysis rather than focusing on the longer-term success (or lack thereof) of any company, currency, or commodity you plan to trade.

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SurgeTrader Review: A Prop Firm That’s Not Going Anywhere

In today’s world, prop trading firms are quickly catching up to retail trading as one of the most popular ways to make money in the financial market.

Both methods attract traders and can certainly achieve the financial gains you want. But what, specifically, is it about prop trading firms that have everyone from Wall Street to Kansas talking about them?

For this article, what makes SurgeTrader so great?

SurgeTrader Review: A Prop Firm That’s Not Going Anywhere: eAskme

You’ll have your answer after reading this article. This SurgeTrader review will closely examine the platform and what sets it apart.

A SurgeTrader Crash Course:

Founded in 2021 by Jana Seaman, SurgeTrader is the new kid on the block–the Smalls in The Sandlot. But it has already achieved massive success.

The platform has gained a large following since its recent entry into the market. This is largely due to its innovative features, low fees, and proven track record for making traders money.

The latter is illustrated by the fact Gulfshore Business named Seaman one of its 40 under 40 for 2022.

Her brainchild, SurgeTrader, performed remarkably well in its first year:

• Paid out tens of millions of dollars of trader funding in aggregate
• Paid multiple millions of dollars in profits to traders
• Built a roster of traders globally ranging in the tens of thousands–and it’s still increasing
• Accounted for employment growth of over 200%

SurgeTrader Review: The Best Features

Numbers like that mean that the people at SurgeTrader know what they’re doing.

Seaman & Co. has built a capable platform with outstanding features to help everyday traders make sizeable profits. Here are a few of our favorites:

Vibrant Community:

One of the most sought-after features of a prop trading firm is whether or not it has a community of like-minded investors. This is one of the unique features of SurgeTrader–it offers a place where traders can share ideas, tips and insights.

This is a valuable resource for traders new to the trading world–it gives them an opportunity to learn from advanced traders they otherwise wouldn’t have.

Additionally, experienced traders looking to diversify their portfolios and find new investment opportunities can use this robust platform.

User Interface:

The user interface of prop trading platforms is often an overlooked feature. But it is essential. How else can you easily navigate it?

SurgeTrader realizes this and has designed the platform to be incredibly easy to navigate.

The user interface is sleek, intuitive and modern, allowing traders from every cut of the cloth to handle it easily.

The platform also offers a range of tools and features designed to help traders better manage their investments by making informed decisions.

Low Cost:

How low a platform’s fees are is another feature that can make or break your decision. Paying through the roof for a prop firm usually isn’t worth it.

SurgeTrader, however, is widely known for its low fees–charging some of the lowest in the industry. Additionally, SurgeTrader charges no commissions on trades and no account maintenance fees.

The platform offers free real-time market data–a valuable resource for traders who want to stay up-to-date on market trends.

And, if that doesn’t perk your interest, it should be noted that SurgeTrader is currently offering a coupon code.

Broad Range of Features:

Perhaps why SurgeTrader has taken off the way it has because it doesn’t cater to just one type of trader. The platform offers many advanced features and tools to help traders make the best decisions.

SurgeTrader’s advanced charting tools allow traders to visualize market trends and analyze data in real time–helping them make more informed decisions.

Additionally, SurgeTrader offers a range of technical indicators that traders can use to identify potential risks and opportunities.

Emphasis on Education:

SurgeTrader offers educational resources that can be used by beginners and experts alike to aid in building their knowledge and skills.

These include articles, videos and webinars on topics ranging from basic trading strategies to more advanced concepts like technical analysis.

How SurgeTrader Could Be Better?

The only downside we see with SurgeTrader is its limited selection of tradeable assets.

The platform currently only offers trading in US stocks and ETFs. But don’t let this deter you.

SurgeTrader is still new and will likely add additional assets shortly.

Conclusion:

If we’ve done our job, it should be apparent that SurgeTrader is an extensive trading platform designed with you in mind.

The active community, low fees, user interface and, most importantly, the proven track record speak for themselves. In short, SurgeTrader is a viable option for anyone looking to increase their profits.

If you’re interested in joining one of the market's leading and fastest-growing prop firms, you can click here to get started with SurgeTrader.

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How Brokers Ensure the Safety and Security of Traders and Their Data?

In the world of trading, safety and security are of paramount importance. Whether you're a seasoned trader or just starting out, choosing a broker that prioritizes protecting your personal information, financial data, and investment capital is crucial.

Robust safety and security measures ensure you can withdraw money on Quotex or other brokerage websites without any worries and be sure in your trading processes.

How Brokers Ensure the Safety and Security of Traders and Their Data?: eAskme

In this article, we will discuss how brokers ensure the safety and security of traders and their data, covering various aspects such as regulation, encryption, risk management, and more.

Regulation and Compliance:

One of the primary ways brokers ensure safety and security is by adhering to strict regulatory requirements.

Regulatory authorities, such as the Financial Conduct Authority (FCA) in the UK and the Securities and Exchange Commission (SEC) in the US, oversee and enforce rules and regulations that protect investors and maintain the integrity of the markets.

These regulatory bodies require brokers to meet specific standards concerning capital adequacy, segregation of client funds, reporting, and disclosure, among other things.

By choosing a broker regulated by a reputable authority, you can be confident that they operate transparently and adhere to strict guidelines designed to protect your interests.

Encryption and Secure Data Storage:

In today's digital age, ensuring the safety of sensitive data is more critical than ever.

Reliable brokers employ advanced encryption technologies, such as Secure Sockets Layer (SSL) and Transport Layer Security (TLS), to protect clients' personal and financial information during transmission.

Furthermore, brokers typically store sensitive data on secure servers, often using encryption-at-rest to protect the information from unauthorized access.

They may also implement additional security measures, including firewalls, intrusion detection and prevention systems, and regular security audits, to safeguard their infrastructure against potential cyber threats.

Two-Factor Authentication (2FA):

Two-factor authentication (2FA) is an essential security feature many brokers offer to protect their clients' accounts from unauthorized access.

With 2FA, clients must provide two separate forms of identification when logging in – typically, something they know (e.g., a password) and something they have (e.g., a one-time code sent to their mobile device).

By requiring this additional layer of authentication, brokers significantly reduce the likelihood of an unauthorized individual gaining access to a client's account, even if their password has been compromised.

Risk Management Tools:

Another way brokers ensure traders' safety and security is by providing robust risk management tools.

These tools help traders manage their exposure to market risks and minimize potential losses. Some common risk management tools offered by brokers include:

• Stop-loss orders: These orders automatically close a trade when the market reaches a pre-determined level, limiting the trader's potential loss.
• Take-profit orders: Similar to stop-loss orders, take-profit orders automatically close a trade when the market reaches a specified level, locking in profits for the trader.
• Negative balance protection: This feature prevents traders from losing more money than they deposited in their accounts, ensuring that their balance never goes negative.

Segregation of Client Funds:

One of the critical regulatory requirements that brokers must adhere to is the segregation of client funds.

This means brokers must keep their clients' deposits separate from their operating funds in segregated bank accounts.

By doing so, brokers ensure that client funds are not used for other purposes, such as covering operational expenses or trading on the broker's behalf.

In the event of a broker's insolvency, segregated client funds are protected from being claimed by the broker's creditors. This ensures that clients can recover their deposits.

Investor Compensation Schemes:

Many countries have investor compensation schemes to protect traders in case of a broker's insolvency.

These schemes, such as the Financial Services Compensation Scheme (FSCS) in the UK and the Securities Investor Protection Corporation (SIPC) in the US, provide a safety net for traders by compensating them for any losses incurred due to a broker's inability to meet its financial obligations.

By choosing a broker member of an investor compensation scheme, traders can be assured that their investment capital is protected, even if the broker encounters financial difficulties.

Secure Payment Methods for Deposits and Withdrawals:

Another essential aspect of ensuring the safety and security of traders and their data is the provision of secure payment methods for deposits and withdrawals.

Reliable brokers offer a range of trusted and secure payment options, giving clients peace of mind when transferring funds to and from their trading accounts.

Here are some of the safest payment methods offered by most brokerage firms:

Bank Transfers:

Brokers typically work with reputable banks to facilitate these transactions, ensuring clients' funds are transferred securely and efficiently.

When using bank transfers, brokers may employ additional security measures, such as verifying the client's bank account information and requiring proof of identity before processing the transaction.

Credit and Debit Cards:

Credit and debit card payments are another popular option for funding trading accounts.

Reputable brokers work with major card providers, such as Visa, Mastercard, and American Express, to process these transactions securely.

Additionally, brokers may implement fraud prevention measures, such as 3D Secure authentication, to further enhance the security of card transactions.

Electronic Wallets (e-wallets):

E-wallets like PayPal, Skrill, and Neteller are becoming increasingly popular as a secure and convenient method for funding trading accounts.

These digital wallets allow clients to transfer funds quickly and securely without disclosing their sensitive financial information directly to the broker.

Cryptocurrency Payments:

As the popularity of cryptocurrencies continues to grow, some brokers have started to accept digital currencies like Bitcoin, Ethereum, and Litecoin for deposits and withdrawals.

These transactions are facilitated through secure blockchain technology, which provides high security and transparency.

Continuous Improvement and Education:

Finally, brokers committed to ensuring the safety and security of their clients often invest in ongoing education and training for their staff.

This includes staying up-to-date with industry trends, regulatory changes, and cybersecurity best practices.

By fostering a culture of continuous improvement, brokers demonstrate their dedication to protecting their clients and maintaining the highest standards of safety and security.

In conclusion, the safety and security of traders and their data are paramount in the trading world.

Any trader must choose a broker prioritizing their safety and security, providing them peace of mind as they navigate the markets.

If you still have any question, feel free to ask me via comments.

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• Formulating a No-loss Forex Trading Strategy Based on Your Goals and Risk Tolerance!
  
• How to Invest in Oil Trading?
  
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>

Formulating a No-loss Forex Trading Strategy Based on Your Goals and Risk Tolerance!

Forex is a popular source of income from foreign exchange transactions.

Many players believe that money here is easy to earn without much effort and knowledge.

But it's not.

To become a successful trader, you must scrutinize all the nuances of the market and determine a course of action.

Is there a flawless strategy that will help you never lose profit?

Since the entire Forex trading process is based on risks, there are no guarantees of no losses, but you can create a plan for investing money with minimal risk. 

Formulating a No-loss Forex Trading Strategy Based on Your Goals and Risk Tolerance!: eAskme

Defining Your Trading Goals:

If you start trading without understanding what result you are pursuing, it will most likely fail. Goal setting is an important skill a trader uses every day.

You can set short-term goals frequently, but you must deeply understand what you want to get out of trading in general.

Your goal must be specific and measurable.

You can't say: "I want to increase my capital." You need to determine the exact amount of money.

Assessing Your Risk Tolerance:

Risk tolerance is a level of loss that a trader consciously accepts in anticipation of potential profit.

Assessing your risk tolerance lets you determine your no-loss Forex trading strategy. With low tolerance, you are unlikely to be able to follow a high-risk plan.

This paradox can lead to significant losses.

Acceptable risk is individual for each trader. Wealth, knowledge, personal circumstances, greed, and experience influence tolerance.

Think about these factors and estimate how much you can lose. A deep understanding of your risk tolerance comes with practice and greatly influences the choice of strategy.

Matching Goals with Risk Tolerance:

After conducting a reflective analysis and setting goals, it is important to rely on these two factors simultaneously.

There is a chance that they may contradict each other.

For example, you are trying to get a big profit in the shortest possible period (there must be specific numbers), but at the same time, you are afraid to use a large deposit and be in a drawdown for a long time.

Select strategies that will be comfortable regarding the risk level and, simultaneously, most effective in achieving the goal.

Select a Trading Style and Build a Trading Plan:

Forex traders select a system, which they then modify for themselves.

You can think of the following strategies: trend following, swing trading, intraday trading, Martingale, etc. Not all strategies are complicated.

For example, do you know What is the price action in Forex? It is a way of making decisions based only on price shifts.

Once you have chosen a trading style, draw up a plan. Define entry and exit criteria, risk management rules, and intermediate goals.

The plan should include a description of the indicators and tools that you will use. A good plan will help protect you from emotional and rash decisions and make your job easier.

Implementing the Trading Strategy:

You have goals, understand risk tolerance, and have a detailed trading plan.

It's time to start putting your strategy into practice.

If you are a beginner, opening a demo account is a perfect option. Thus, you can test and adjust your strategy without the risk of losing money.

The second tip is attentiveness and accurate recording of your actions and results.

You can also invest in the best EA MT4 to implement your strategy 24/7.

This will give you data for analysis and subsequent performance improvement.

And, of course, a trader should always be aware of the news and keep an eye on economic changes to adapt their strategy accordingly.

Conclusion:

Trading is an occupation that you learn all your life.

The basis of your work is a short or long-term trading Forex strategy, a unique tool that helps you earn and prevent losses.

Suppose you carefully consider your plan and methods, set relevant and specific goals, and understand your level of risk tolerance. In that case, Forex will always be the source of your financial independence and prosperity.

Still have any question, do share via comments.

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The Different Ways to Invest in Oil Trading!

Investing in oil trading can be a lucrative venture for those who know how to navigate the market.

However, with so many different ways to invest in oil, it can be overwhelming to know where to start.

This article will explore the various ways to invest in oil trading and provide insights into each method.

The Different Ways to Invest in Oil Trading: eAskme

To earn profits by trading oil, you must first Invest in Oil with Oil Profit.

Futures Contracts:

Futures contracts are agreements to buy or sell a certain amount of oil at a specific price and date in the future.

These contracts are traded on futures exchanges like the New York Mercantile Exchange (NYMEX) or Intercontinental Exchange (ICE).

Futures contracts can be a useful tool for investors who want to speculate on the price of oil or hedge against price fluctuations.

Exchange-Traded Funds (ETFs):

ETFs are a type of investment fund that trades on stock exchanges and can provide exposure to the oil market without the need for direct ownership of physical oil.

ETFs can invest in oil futures contracts, oil company stocks, or a combination of both.

This type of investment can provide diversification benefits and lower transaction costs compared to direct investment in oil futures.

Oil Company Stocks:

Investing in oil company stocks can provide exposure to the oil market and can be a way to benefit from the profits of oil companies.

However, investing in individual stocks can also be risky, as the stock's performance is dependent on the company's success.

Additionally, various external factors can affect oil company stocks, such as geopolitical tensions, oil supply disruptions, and changes in oil demand.

Options Contracts:

Options contracts are similar to futures contracts, but they provide the holder with the right (but not the obligation) to buy or sell a certain amount of oil at a specific price and date in the future.

Options contracts can be a way to hedge against price fluctuations or to speculate on the price of oil.

However, options contracts can be complex and risky, requiring a thorough understanding of options trading.

Mutual Funds:

Mutual funds are investment funds that pool money from multiple investors to invest in various assets, including oil company stocks and futures contracts.

Mutual funds can provide diversification benefits, professional management, and lower transaction costs than a direct investment in oil futures.

Direct Ownership of Physical Oil:

Direct ownership of physical oil is the most direct way to invest in the oil market.

However, it also requires the most capital and involves significant storage and transportation costs.

Direct ownership of physical oil is typically reserved for institutional investors, such as oil companies or large financial institutions.

Conclusion:

There are several ways to invest in oil trading, each with advantages and risks.

Investors should carefully consider their investment objectives, risk tolerance, and horizon before choosing an investment method.

Diversification across different investment vehicles can help mitigate risk and provide exposure to different aspects of the oil market.

If you still have any question, do share via comments.

Don’t forget to share it with your friends and family.

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Certified Trading Platforms Deals Customers

In the past two years, there have been many complications in the cryptocurrency market. It is all because of the massive growth of the crypto space.

You will find that many players have entered the market, providing their services to the customers.

But, more importantly, it is obvious that you must be careful when choosing the best trading platform.

If you're looking forward to choosing the perfect cryptocurrency trading platform, you want to go with the available one with the best services.

Why Do Certified Trading Platforms Offer Saving Deals to Customers?: eAskme

But, it is pretty tricky in the private space of cryptocurrency to pick up the choices that will benefit you. Most of the time, it is for the benefit of the trading platform, which is why you get fooled.

It isn't straightforward in the cryptocurrency market to get a hold of the best platforms.

Still, you should also know why platforms offer customers promotional offers and saving deals. In addition, websites will assist traders in their trading journey.

When you go to the cryptocurrency world, you will find multiple trading platforms and a few offer promotional offices.

They will not charge you for this office, and they will benefit you.

What is the reason behind the same?

There are not only one but multiple reasons why the trading website may offer you this kind of service.

Do the companies do it to tell customers that they care for them?

Apart from that, there is a long list of reasons, and it is impossible to mention them all in one place.

We will enlighten you regarding a few of them to understand why trustworthy and certified platforms offer saving deals to customers.

Kickstart:

Most cryptocurrency trading websites offer free saving deals to the customers, which is none other than a kickstart to the journey.

Yes, people nowadays are not even capable of investing money in cryptocurrency, so they require something to start it.

It cannot be very easy in the initial stages, but you need to know that it can help them grow further once you kickstart it.

Just the beginning is quite tricky in the currency market, and once you start making money, nothing can stop you.

So, the trading platform aims to increase the customer base, which can be done using free offers.

When something gives freedom to the customers, they want to embrace the concept and invest more money in it.

So, trustworthy Websites offer three deals to the customers.

Money-saving:

Today, many cryptocurrency trading platforms offer cryptocurrency open to people so they can read more. When the trade increases, it will be more accessible for the trading platform to increase sales.

The directly proportional ratio between both things is going to benefit the people as well as the customers.

When the customers invest more and the sales increase, the website's profit will automatically increase.

The second concept is that the people will get something for free, and therefore, they will get more money in their hands.

Building trust:

Trust is going to be the basis for any cryptocurrency trading company.

It is the engagement of people. Without the trust factor among the parties, it will be impossible for the trading platforms to boost sales.

On the contrary, some things can go south as well.

If the trust is not built well among the investors, there could be a downfall for the trading platform. It is not at all the aim of providing services to the people.

So, the trading platforms are attracting more people to build trust, and that is possible with the help of promotional offers.

Increasing sale:

The ultimate target of the cryptocurrency trading platform behind increasing the promotional offer for the customers is increasing sales.

If the sales are higher, it will be economical for the trading platform.

So, for the trading platform to be certified and trustworthy, it would want customers to get more engaged in the services, and in doing so, it will provide promotional offers.

Besides, providing free coupons is also another means of doing it.

If you still have any question, do share via comments.

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What is Futures Trading Crypto? Guide For Dummies!

The cryptocurrency market includes over 20 000 crypto coins and over 500 services and apps for trading and investment.

They all offer different sets of trading tools and crypto pairs, levels of safety, and convenience for users.

Today we would like to discuss one of the most advanced trading tools in trading - futures - in simple terms for a beginner user to understand.

What are the Futures in Crypto?

What is Futures Trading Crypto, Guide For Dummies!: eAskme

Futures are a widespread instrument in traditional financial markets.

Traders may use any commodity of precious metals or stocks to practice this tool.

The idea is to understand how the market works and to be able to predict its further movements.

The same essence of futures is in the cryptocurrency market. Traders need to know the market so well that they can predict and “bet” on crypto prices.

That is “aerobatics” regarding trading skills. The crypto market is highly volatile and tough to predict, given so many obstacles and circumstances that may turn it upside down.

Futures are contracts between traders or between a trader and a crypto exchange.

Such contracts include data about the parties' obligations, including the day when they need to sell or buy crypto and the value they pre-determine for the deal.

To work with futures derivatives, traders look for a crypto futures exchange. These are the best platforms in this regard:

• Binance
• WhiteBIT
• ByBIT
• OKX Futures.

How Does Crypto Futures Work?

Here are examples of how you can trade futures:

• You analyze the market and estimate that it will grow soon, so you are willing to sell your crypto coins at a more attractive price and make a profit. For that purpose, you open a long position on a crypto futures exchange and wait until the agreement’s date comes. If the crypto price reaches the level you predicted by that day, you sell your coins at that value. If not - you lose funds.
• You assume the coming downtrend and want to protect your capital. So you may sell your coins and then enter the short position, claiming you will buy back the coins at a lower price and claim the day you will do that. If the market drops, you make a profit.

If you want to practice crypto futures trading, welcome to the WhiteBIT platform - an official exchange with an intuitive interface and a high level of security for clients.

If you still have any question, do share via comments.

Don’t forget to share it with your friends and family.

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Because, Sharing is Caring!

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How to Choose the Right Trading Platform?

An intelligent strategy to gradually increase your wealth is through stock market investing. With proper research and guidance, anyone can learn to do this.

At the same time, for those who are new to the game, it might seem like a difficult task.

Learning how to invest online and selecting a reputable broker are key steps toward achieving this goal.

In this article, we'll examine the critical factors that must be considered when selecting a reliable stock broker online and guide you in choosing the best one.

How to Choose the Optimal Broker?

How to Choose the Right Trading Platform?: eAskme

 

It is important to carefully research and compare as many options as possible when selecting the most suitable service.

When choosing the best trading platform, pay special attention to these things:

• Fees
• Investment options
• User-friendly interface
• Reputation
• Security

Fees:

It is crucial to consider the fees associated with starting to use the platform.

Different brokers can charge vastly different amounts for trading and brokerage account maintenance, so it's important to compare and find the best fit for your budget.

Investment Options:

Keep in mind the investments that align with your interests and goals.

You should ensure that the broker you choose offers those options.

Limiting yourself to a narrow range of investment options can restrict your potential returns, so it's best to find a service that offers a wide range of choices to match your preferences.

User-friendly Interface:

Another important aspect to consider when choosing a broker is the user-friendly interface of the online trading platform.

A web service that is well-designed and easy to use can streamline the process of managing your stocks, significantly save your time, and reduce stress.

As you research brokers, pay attention to the user interface and select one that is intuitive and easy to use.

This way, you can focus on your deals and not on navigating the platform.

Reputation:

It's wise to choose a platform that has a good reputation.

A convenient way to check this is by looking at online reviews, testimonials, and customers' feedback.

With this information, you'll be able to form an opinion about the broker's reputation and make a more informed choice.

Security:

This is also an important factor to consider when selecting a broker.

Make sure the platform uses a high level of security to keep your personal and financial information safe.

Conclusion:

It is always recommended to start with a smaller amount and try a few platforms before depositing a larger amount.

By considering these factors and researching, you can find a broker that best suits your needs and preferences.

Investing in the stock market has become increasingly accessible to the average person thanks to online trading platforms.

However, with so many options available, selecting the right broker for your needs can be challenging.

By considering factors such as the number of fees, investment options, the convenience of the interface, availability of research and education materials, sentiment of reviews, and level of security, you can make a weighted decision and choose the broker that best suits your needs.

Always research, and don't be afraid to try out different platforms before committing to one.

If you still have any question, feel free to ask me via comments.

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